Future of the Norwegian Defense Industry Market Attractiveness, Competitive Landscape and Forecasts to 2019
|
|
- Leonard Parsons
- 6 years ago
- Views:
Transcription
1 Future of the Norwegian Defense Industry Market Attractiveness, Competitive Landscape and Forecasts to 2019
2 TABLE OF CONTENTS 1. Introduction What is this Report About? Definitions Summary Methodology SDI Terrorism Index About Strategic Defence Intelligence Executive Summary Market Attractiveness and Emerging Opportunities Defense Market Size Historical and Forecast The Norwegian defense budget registered a CAGR of XX% during Participation in international peacekeeping operations, modernization of the armed forces and interest in arctic region are the major drivers of the Norwegian defense industry Defense expenditure as a percentage of GDP is expected to average XX% during the forecast period Analysis of Defense Budget Allocation Capital expenditure allocation is expected to increase over the forecast period Expenditure on procurement of material, buildings, and construction is expected to be the largest during forecast period Air force expenditure to grow at a CAGR of XX% over the forecast period and to reach US$XX billion in Army expenditure to grow at a CAGR of XX% over the forecast period to reach US$XX billion in Naval expenditure is expected to reach US$XX billion by Procurement of material, buildings, and construction work expenditure expected to be the largest segment of the defense budget during the forecast period Other expenditure is expected to increase marginally over the forecast period Homeland Security Market Size and Forecast The Norwegian homeland security expenditure is expected to grow at a CAGR of XX% over the forecast period Counter-terrorism and enhanced cyber security are expected to drive homeland security expenditure Norway is at a low risk of terrorism Norway has a terrorism index score of zero Benchmarking with Key Global Markets Norwegian defense budget expenditure expected to increase over the forecast period, unlike other European countries Norway has the one of the fastest growing defense industries in Europe Norwegian defense budget as a percentage of GDP is expected to grow over the forecast period Norway has a terrorism index score of zero
3 3.5. Market Opportunities: Key Trends and Growth Stimulators Fighters and Multi-role aircraft Diesel Electric Submarine Homeland Security Infrastructure Multi mission and Rescue Helicopters Defense Procurement Market Dynamics Import Market Dynamics Norwegian defense imports are expected to increase over the forecast period Spain and the US are expected to remain the largest arms suppliers to Norway Ships accounted for the largest percentage share of overall defense imports Export Market Dynamics Norway ranked fifteenth among the countries with the highest volume of defense exports Exports to European countries are expected to increase over the forecast period Other category accounted for the majority of Norway s defense exports during Industry Dynamics Five Forces Analysis Bargaining power of Supplier: Low Bargaining power of Buyer: High Barrier to entry: Medium Intensity of rivalry: High Threat of Substitution: High Market Entry Strategy Market Regulation The Norwegian defense industry is largely driven by government regulation and offset policy The Norwegian government supports FDI Market Entry Route Entry through joint development programs Foreign Military Sales (FMS) to Norway Collaborations provide market entry opportunities Key Challenges The Norwegian government prefers Scandinavian and European countries for defense trade The Norwegian export policy poses a challenge for domestic defense companies Competitive Landscape and Strategic Insights Competitive Landscape Overview Key Public Sector Companies Kongsberg Defense Systems: Overview
4 Kongsberg Defense Systems: Major Products and Services Kongsberg Defense Systems: Recent Announcements and Strategic Initiatives Kongsberg Defense Systems: alliances Kongsberg Defense Systems: recent contract wins Kongsberg Defense Systems: financial analysis Forsvarets Forsknings Institutt: overview Forsvarets ForskningsInstitutt: defense products Forsvarets ForskningsInstitutt: recent announcements and strategic initiatives Forsvarets ForskningsInstitutt: alliances Forsvarets ForskningsInstitutt: recent contract wins NAMMO AS: overview NAMMO AS: products and services NAMMO AS: recent announcements and strategic initiatives NAMMO AS: alliances NAMMO AS: recent contract wins NAMMO AS: financial analysis Kitron: overview Kitron: products and services Kitron: recent announcements and strategic initiatives Kitron: alliances Kitron: recent contract wins Kitron: financial analysis Key Private Sector Companies Natech NSV AS: overview Natech NSV AS: products and services Natech NSV AS: recent announcements and strategic initiatives Natech NSV AS: alliances Natech NSV AS: recent contract wins Jotne EPM Technology AS: overview Jotne EPM Technology AS: products and services Jotne EPM Technology AS: recent announcements and strategic initiatives Jotne EPM Technology AS: alliances Jotne EPM Technology AS: recent contract wins Thales Norway AS: overview Thales Norway AS: products and services Thales Norway AS: recent announcements and strategic initiatives Thales Norway AS: alliances Thales Norway AS: recent contract wins
5 Sea-Hawk Navigation AS: overview Sea-Hawk Navigation AS: products Sea-Hawk Navigation AS: recent announcements and strategic initiatives UmoeMandal: overview UmoeMandal: products and services Umoe Mandal: recent announcements and strategic initiatives Umoe Mandal: alliances Eidsvoll Electronics AS: overview Eidsvoll Electronics AS: products and services Eidsvoll Electronics AS: recent announcements and strategic initiatives Eidsvoll Electronics AS: alliances Eidsvoll Electronics AS: recent contract wins Business Environment and Country Risk Demographics Total Rural population Total urban population Number of households Economic Performance GDP per capita at constant prices GDP at current prices (US$) Exports of goods and services (current US$ bn) Imports of goods and services (current US$ bn) Gross national disposable income (US$ billion) Manufacturing output (US$ bn) Consumer price index Wholesale price index LCU per US$ (period average) Deposit rate (%) Market capitalization of listed companies (US$ bn) Market capitalization of listed companies (% of GDP) Total Government cash surplus/deficit (LCU billion) Government cash surplus/deficit as a percentage of GDP (LCU) Central government debt (LCU billion) Central government debt as a percentage of GDP (LCU) Goods exports as a percentage of GDP Goods imports as a percentage of GDP Goods balance as a percentage of GDP Services imports as a percentage of GDP
6 Service exports as a percentage of GDP Services balance as a percentage of GDP Foreign direct investment, net (BoP, current US$ billions) Net foreign direct investment as a percentage of GDP International reserves, including gold (US$ billion) Energy and utilities Total Conventional Thermal Electricity Net Generation (Billion kwh) Hydroelectricity Net Generation (Billion kwh) Nuclear Electricity Net Generation (Billion kwh) Total Conventional Thermal Electricity Installed Capacity (Million kw) Proved Reserves of Natural Gas (Trillion Cubic Feet) Total Petroleum Consumption (Thousand Barrels Per Day) Crude Oil Proved Reserves (Billion Barrels) Total Non-Hydro Renewable Electricity Net Generation (Billion kw) Infrastructure Quality and Availability Air transport, freight (million ton-km) Mineral Mining, Manufacturing, Utilities Output (US$ billion) Technology Research and Development expenditure (LCU Thousands) Telecommunication Telephone lines (in mn) Telephone lines Penetration Rate (per 100 people) Appendix About SDI Disclaimer
7 LIST OF FIGURES Figure 1: Norwegian Defense Expenditure (US$ Billion), Figure 2: Norwegian Defense Expenditure (US$ Billion), Figure 3: Norwegian Defense Expenditure (NOK Billion), Figure 4: Norwegian Defense Expenditure (NOK Billion), Figure 5: Norwegian GDP Growth vs. Defense Expenditure Growth vs. Defense Expenditure as Percentage of GDP, Figure 6: Norwegian GDP Growth vs. Defense Expenditure Growth and Defense Expenditure as Percentage of GDP, Figure 7:Norwegian Defense Budget Split Between Capital and Revenue Expenditure (%), Figure 8: Norwegian Defense Budget Split Between Capital and Revenue Expenditure (%), Figure 9: Norwegian Defense Capital Expenditure Breakdown (%), Figure 10: Norwegian Defense Capital Expenditure Breakdown (%), Figure 11: Norwegian Defense Expenditure for Air Force (US$ billion), Figure 12: Norwegian Defense Expenditure for Air Force (US$ billion), Figure 13: Norwegian Defense Expenditure for Air Force (NOK billion), Figure 14: Norwegian Defense Expenditure for Air Force (NOK billion), Figure 15: Norwegian Defense Expenditure for Army (US$ billion), Figure 16: Norwegian Defense Expenditure for Army (US$ billion), Figure 17: Norwegian Defense Expenditure for Army (NOK billion), Figure 18: Norwegian Defense Expenditure for Army (NOK billion), Figure 19: Norwegian Defense Expenditure for Navy (US$ billion), Figure 20: Norwegian Defense Expenditure for Navy (US$ billion), Figure 21: Norwegian Defense Expenditure for Navy (NOK billion), Figure 22: Norwegian Defense Expenditure for Navy (NOK billion), Figure 23: Norwegian Defense Expenditure for Procurement of Material, Buildings, and Construction Work (US$ billion), Figure 24: Norwegian Defense Expenditure for Procurement of Material, Buildings, and Construction Work (US$ billion), Figure 25: Norwegian Defense Expenditure for Procurement of Material, Buildings, and Construction Work (NOK billion), Figure 26: Norwegian Defense Expenditure for Procurement of Material, Buildings, and Construction Work (NOK billion), Figure 27: Norwegian Defense Expenditure for Other Categories (US$ billion), Figure 28: Norwegian Defense Expenditure for Other Categories (US$ billion), Figure 29: Norwegian Defense Expenditure for Other Categories (NOK billion), Figure 30: Norwegian Defense Expenditure for Other Categories (NOK billion), Figure 31: Norwegian Homeland Security Expenditure (US$ billion), Figure 32: Norwegian Homeland Security Expenditure (US$ billion), Figure 33: Norwegian Homeland Security Expenditure (NOK billion), Figure 34: Norwegian Homeland Security Expenditure (NOK billion), Figure 35: SDI Terrorism Heat Map, Figure 36: SDI Terrorism Index, Figure 37: Benchmarking with Key Markets vs Figure 38: Benchmarking with World s Largest Defense Spenders (US$ Billion), 2014 and Figure 39: Defense Expenditure as a Percentage of GDP of Largest Military Spenders (%), Figure 40: Fighters & Multi-Role Aircraft (US$ Million), Figure 41: Diesel Electric Submarine (US$ Million), Figure 42: Homeland Security Infrastructure (US$ Million), Figure 43: Multi mission and Rescue Helicopters (US$ Million), Figure 44: Norwegian Defense Import Trend, (TIV values*) Figure 45: Norwegian Defense Import by Country, (TIV values) Figure 46: Norwegian Defense Imports by Category (%), Figure 47: Norwegian Defense Exports by Value (%), Figure 48: Norwegian Defense exports by Country (%), Figure 49: Norwegian Defense Exports by Category (%), Figure 50: Industry Dynamics Porter s Five Forces Analysis Figure 51: Kongsberg Defense Systems Revenue Trend Analysis (NOK Million), Figure 52: Kongsberg Defense Systems EBITA Trend Analysis (NOK Million), Figure 53: Kongsberg Defense Systems Net profit Trend Analysis (NOK Million), Figure 54: NAMMO AS Revenue Trend Analysis (NOK Million), Figure 55: NAMMO AS Operating Profit Trend Analysis (NOK Million), Figure 56: NAMMO AS Net Profit Trend Analysis (NOK Million),
8 Figure 57: Kitron Revenue Trend Analysis (NOK Million), Figure 58: Kitron Operating Profit Trend Analysis (NOK Million), Figure 59: Kitron Net Profit Trend Analysis (NOK Million), Figure 60: Norway Rural population (In million), Figure 61: Norway Urban population (In million), Figure 62: Norway- Number of Households (Million), Figure 63: Norwegian GDP Per Capita at Constant Prices (US$), Figure 64: Norway GDP at Current Prices (US$ Billion), Figure 65: Norwegian Exports of goods and services (US$), Figure 66: Norwegian Imports of goods and services (US$), Figure 67: Norwegian Gross national disposable income (US$ billion), Figure 68: Norwegian Manufacturing output (US$ Billion), Figure 69: Norwegian Consumer price index, Figure 70: Norwegian Wholesale price index, Figure 71: Norway LCU per US$, Figure 72: Norwegian Deposit rate (%), Figure 73: Norwegian market capitalization of listed companies (US$ billion), Figure 74: Norwegian market capitalization of listed companies (% of GDP), Figure 75: Norwegian Total Government cash surplus/deficit (LCU billion), Figure 76: Norwegian Government cash surplus/deficit as % of GDP (LCU), Figure 77: Norwegian- Central government debt (LCU billion), Figure 78: Norwegian Central government debt as % of GDP (LCU), Figure 79: Norway- Goods exports as a % of GDP (%), Figure 80: Norway- Goods imports as a % of GDP (%), Figure 81: Norwegian Goods balance as a % of GDP (%), Figure 82: Norwegian Services imports as a % of GDP (%), Figure 83: Norwegian Service exports as a % of GDP (%), Figure 84: Norway- Services balance as a % of GDP (%), Figure 85: Norway- Foreign direct investment, net (BoP, current US$ billion), Figure 86: Norwegian Net foreign direct investment as % of GDP, Figure 87: Norwegian International reserves, including gold (US$ billion), Figure 88: Norway- Total Conventional Thermal Electricity Net Generation (Billion Kilowatt hours), Figure 89: Norwegian Hydroelectricity Net Generation (Billion Kilowatt hours), Figure 90: Norwegian Nuclear Electricity Net Generation (Billion Kilowatt hours), Figure 91: Norwegian Total Conventional Thermal Electricity Installed Capacity (Million Kilowatts), Figure 92: Norwegian Proved Reserves of Natural Gas (Trillion Cubic Feet), Figure 93: Norwegian Total Petroleum Consumption (Thousand Barrels Per Day), Figure 94: Crude Oil Proved Reserves (Billion Barrels), Figure 95: Total Non-Hydro Renewable Electricity Net Generation (Billion Kilowatts), Figure 96: Norwegian Air transport, freight (million ton-km), Figure 97: Norwegian Mining, Manufacturing, Utilities Output (US$ billion), Figure 98: Norwegian Research and development expenditure (LCU thousands), Figure 99: Norwegian Telephone lines, Figure 100: Norwegian Telephone lines Penetration Rate (per 100 people),
9 LIST OF TABLES Table 1: Norwegian Defense Expenditure (US$ Billion), Table 2: Norwegian Defense Expenditure (US$ Billion), Table 3: Norwegian Defense Expenditure (NOK Billion), Table 4: Norwegian Defense Expenditure (NOK Billion), Table 5: Norwegian GDP Growth vs. Defense Expenditure Growth vs. Defense Expenditure as Percentage of GDP, Table 6: Norwegian GDP Growth vs. Defense Expenditure Growth and Defense Expenditure as Percentage of GDP, Table 7: Norwegian Defense Budget Split Between Capital and Revenue Expenditure (%), Table 8: Norwegian Defense Budget Split Between Capital and Revenue Expenditure (%), Table 9: Norwegian Defense Capital Expenditure Breakdown (%), Table 10: Norwegian Defense Capital Expenditure Breakdown (%), Table 11: Norwegian Defense Expenditure for Air Force(US$ billion), Table 12: Norwegian Defense Expenditure for Air Force(US$ billion), Table 13: Norwegian Defense Expenditure for Air Force (NOK billion), Table 14: Norwegian Defense Expenditure for Air Force (NOK billion), Table 15: Norwegian Defense Expenditure for Army (US$ billion), Table 16: Norwegian Defense Expenditure for Army (US$ billion), Table 17: Norwegian Defense Expenditure for Army (NOK billion), Table 18: Norwegian Defense Expenditure for Army (NOK billion), Table 19: Norwegian Defense Expenditure for Navy (US$ billion), Table 20: Norwegian Defense Expenditure for Navy (US$ billion), Table 21: Norwegian Defense Expenditure for Navy (NOK billion), Table 22: Norwegian Defense Expenditure for Navy (NOK billion), Table 23: Norwegian Defense Expenditure for Procurement of Material, Buildings, and Construction Work (US$ billion), Table 24: Norwegian Defense Capital Expenditure for Procurement of Material, Buildings, and Construction Work (US$ billion), Table 25: Norwegian Defense Expenditure for Procurement of Material, Buildings, and Construction Work (NOK billion), Table 26: Norwegian Defense Capital Expenditure for Procurement of Material, Buildings, and Construction Work (NOK billion), Table 27: Norwegian Defense Expenditure for Other Categories (US$ billion), Table 28: Norwegian Defense Expenditure for Other Categories (US$ billion), Table 29: Norwegian Defense Expenditure for Other Categories (NOK billion), Table 30: Norwegian Defense Expenditure for Other Categories (NOK billion), Table 31: Norwegian Homeland Security Expenditure (US$ billion), Table 32: Norwegian Homeland Security Expenditure (US$ billion), Table 33: Norwegian Homeland Security Expenditure (NOK billion), Table 34: Norwegian Homeland Security Expenditure (US$ billion), Table 35: Benchmarking with Key Markets vs Table36: SDI Terrorism Index Table 37: Offset Multiplier Categories Table 38: Market Entry Strategies by Key Foreign Companies Table 39: FMS deals to Norway Table 40: Kongsberg Defense Systems Major Products & Services Table 41: Kongsberg Defense Systems Alliances Table 42: Kongsberg Defense Systems Recent Contract Wins Table 43: Forsvarets ForskningsInstitutt Product Focus Table 44: ForsvaretsForskningsInstitutt Alliances Table 45: Forsvarets ForskningsInstitutt Recent Contract Wins Table 46: NAMMO AS Product Focus Table 47: NAMMO AS Alliances Table 48: NAMMO AS Recent Contract Wins Table 49: Kitron Product Focus Table 50: Kitron Alliances Table 51: Kitron - Recent Contract Wins Table 52: Natech NSV AS product focus Table 53: Natech NSV AS - Recent Contract Wins Table 54: Natech NSV AS - Alliances Table 55: Natech NSV AS Recent Contract Wins Table 56: Jotne EPM Technology AS product focus
10 Table 57: Jotne EPM Technology AS: Alliances Table 58: Jotne EPM Technology AS Recent Contract Wins Table 59: Thales Norway AS product focus Table 60: Thales Norway AS Alliances Table 61: Thales Norway AS Recent Contract Wins Table 62: Thales Norway AS Product Focus Table 63: Umoe Mandal Product Focus Table 64: Umoe Mandal Alliances Table 65: Eidsvoll Electronics AS Product Focus Table 66: Eidsvoll Electronics - Alliances Table 67: Eidsvoll - Recent Contract Wins
11 1. Executive Summary Norwegian defense expenditure is expected to reach US$XX billion in 2019, at an estimated CAGR of XX% during the forecast period Amidst the global financial crisis and defense cuts, where major economies are struggling to sustain strong defense spending, the Nordic partners (Norway, Finland and Sweden), are establishing a stronger footprint with defense cooperation, in an endeavor to combat the challenges of the austerity measures. Norway is a part of NORDEFCO (Nordic Defence Cooperation), which was established in 2009 with the aim to strengthen defense capabilities through cost-effective collaborations. Norway has expressed a need to modernize its armed forces after the fall of the Soviet Union and shares similar military needs with its neighboring countries which include Finland and Sweden. Moreover, Norway is the world s eighth-largest oil exporter and this has warranted the need for an increase in defense spending. The Norwegian annual defense budget stands at US$XX billion in 2014 and is expected to grow at an estimated CAGR of XX% over the forecast period, to reach US$XX billion in 2019.This increase can be attributed to international peacekeeping missions, modernization initiatives, and international interest in the Arctic region. Norwegian Air Force expected to exhibit the fastest growth during the forecast period The Norwegian defense budget is inclusive of expenditure on the army, navy, air force, and the procurement of material, building and construction work, and the others category (include Norwegian Forces Abroad, Common Institutions, and expenses under the Headquarters Command, Common Management, and Command Structure). The procurement of material, building, and construction work accounted for the highest budget allocation during the review period, with an average of XX%, followed by others at XX%.The Norwegian Army received an average allocation of XX%, followed by the Navy at XX%, and the Air Force at XX%. Air Force expenditure, which stands at US$XX billion in 2014, is expected to exhibit the fastest growth during the forecast period, increasing at an estimated CAGR of XX% to reach US$XX billion in 2019.This high rate of growth is expected to be fuelled by the continued procurement of F- 35 JSF and training aircraft over the forecast period. 11
12 2. Market Attractiveness and Emerging Opportunities Norway s total defense expenditure stands at US$XX billion in 2014 and is expected to grow at a CAGR of XX% over the forecast period, to reach US$XX billion in 2019; this increase in defense expenditure can be attributed to the modernization and training programs that are expected to be executed during the forecast period. Norwegian defense expenditure is further driven by participation in peacekeeping initiatives, the procurement of military aircraft such as the F-35 fighter aircraft, the Norwegian All Weather Search and Rescue Helicopter (NAWSARH) program, Advanced Medium Range Air-to-Air Missiles (AMRAAM), upgrade and support for C-130J aircraft, the soldier modernization program, cyber security, and the procurement of advanced technology equipment. The country s defense budget stands at XX% of GDP in 2014 and is expected to increase marginally to XX% of GDP by During , the average capital expenditure allocation stood at XX% of the total defense budget, and this is expected to remain same during the forecast period. 12
13 Defense Expenditure Future of the Norwegian Defense Industry Market Attractiveness, Competitive Landscape and Forecasts to Defense Market Size Historical and Forecast The Norwegian defense budget registered a CAGR of XX% during In 2014, the Norwegian government allocated US$XX billion for the total defense budget, which is expected to increase at a CAGR of XX% during the forecast period, to reach US$XX billion in Norwegian defense expenditure is inclusive of expenditure on the Army, Navy, Air Force, the procurement of material building and construction work, and other expenses, including Norwegian Forces Abroad, Common Institutions, and expenses under the Headquarters Command, Common Management, and Command Structure. The following table and figure show the Norwegian defense expenditure during the review period: Table 1: Norwegian Defense Expenditure, Year Defense expenditure (US$ bn) Defense growth percentage 2010 XX XX 2011 XX XX 2012 XX XX 2013 XX XX 2014 XX XX CAGR XX% Figure 1: Norwegian Defense Expenditure, % 100% 80% 60% 40% 20% 0% Capital Expenditure Revenue Expenditure Growth rate (%) 13
14 Defense Expenditure Future of the Norwegian Defense Industry Market Attractiveness, Competitive Landscape and Forecasts to 2019 The following table and figure show projected defense expenditure of the Norwegian over the forecast period: Table 2: Norwegian Defense Expenditure, Year Defense expenditure (US$ bn) Defense growth percentage 2015 XX XX 2016 XX XX 2017 XX XX 2018 XX XX 2019 XX XX CAGR XX% Figure 2: Norwegian Defense Expenditure, % 100% 80% 60% 40% 20% 0% Capital Expenditure Revenue Expenditure Growth rate (%) 14
15 % of Defense Expenditure Future of the Norwegian Defense Industry Market Attractiveness, Competitive Landscape and Forecasts to Analysis of Defense Budget Allocation Capital expenditure allocation expected to increase during the forecast period The Norwegian MoD allocated an average of XX% of capital expenditure between 2010 and 2014, which is expected to continue to grow at the same rate during the forecast period. The capital expenditure is driven by the number of procurements and modernization programs formulated by the Norwegian armed forces, and increasing material and R&D expenses. Its military modernization programs include acquisition of F-35 aircraft, AW101 helicopters; CV90 armored fighting vehicles (AFVs), Leopard 2A6 tanks, cyber security, a joint strike missile (JSM) system for the F-35 JSF and submarine replacement program. Norwegian revenue expenditure is expected to record stronger growth compared to capital expenditure due to an increase in training expenditure, increase in the number of army personnel, continued contribution to international peace and stability, and the improvement in home guard training and coast guard capabilities. The following table and chart display the Norwegian defense budget share of capital and revenue expenditure during the review period: Table 3: Norwegian Defense Budget Split Between Capital and Revenue Expenditure (%), Year Capital Expenditure Share Revenue Expenditure Share 2010 XX XX 2011 XX XX 2012 XX XX 2013 XX XX 2014 XX XX Figure 3: Norwegian Defense Budget Split Between Capital and Revenue Expenditure (%), % 100% 80% 60% 40% 20% 0% Capital expenditure share (%) Revenue expenditure share (%) 15
16 % of Defense Expenditure Future of the Norwegian Defense Industry Market Attractiveness, Competitive Landscape and Forecasts to 2019 The following table and chart display the Norwegian defense budget share of capital and revenue expenditure over the forecast period: Table 4: Norwegian Defense Budget Split Between Capital and Revenue Expenditure (%), Year Capital Expenditure Share Revenue Expenditure Share 2015 XX XX 2016 XX XX 2017 XX XX 2018 XX XX 2019 XX XX Figure 4: Norwegian Defense Budget Split Between Capital and Revenue Expenditure (%), % 100% 80% 60% 40% 20% 0% Capital expenditure share (%) Revenue expenditure share (%) 16
17 Homeland Security Expenditure Future of the Norwegian Defense Industry Market Attractiveness, Competitive Landscape and Forecasts to Homeland Security Market Size and Forecast The Norwegian Homeland security expenditure is expected to grow at a CAGR of XX% during the forecast period Norway s homeland security expenditure is expected to grow at a CAGR of XX% during the forecast period and reach US$XX billion in 2019; this growth can be attributed to the revised training and development plans of the Norwegian home guard, as formulated in the Long-Term defense plan The Royal Norwegian Ministry of Justice and Public Security is responsible for internal security and the maintenance of law and order in the country. Moreover, the department has undertaken the Norwegian All-Weather Search and Rescue Helicopter (NAWSARH) program to replace the existing fleet of Sea King helicopters. Under the program the ministry has a contract for 16 AW101 helicopters for US$XX billion scheduled to be delivered during Furthermore, the increase in homeland security expenditure is due to the growing threat from radical and terrorist organizations, such as Al-Qaeda, as a result of Norway s ongoing operations in Afghanistan and Iraq. The following table and figure show the Norwegian HLS budget during the review period: Table 5: Norwegian HLS Budget (US$ Billion), Year HLS budget (US$ bn) 2010 XX 2011 XX 2012 XX 2013 XX 2014 XX Figure 5: Norwegian HLS Budget (US$ Billion), XX XX XX XX XX XX XX
18 The following table and figure show the Norwegian HLS budget over the forecast period: Table 6: Norwegian HLS Budget (US$ Billion), Year HLS budget (US$ bn) 2015 XX 2016 XX 2017 XX 2018 XX 2019 XX Figure 6: Norwegian HLS Budget (US$ Billion),
Report Price: US$ 1250 (Single User) Future of the Norwegian Defense Industry Market Attractiveness, Competitive Landscape and Forecasts to 2020
Report Price: US$ 1250 (Single User) Future of the Norwegian Defense Industry Market Attractiveness, Competitive Landscape and Forecasts to 2020 Summary Future of the Norwegian Defense Industry Market
More informationFuture of the Kazakh Defense Industry Market Attractiveness, Competitive Landscape and Forecasts to 2018
Future of the Kazakh Defense Industry Market Attractiveness, Competitive Landscape and Forecasts to 2018 TABLE OF CONTENTS 1. Introduction... 9 1.1. What is this Report About?... 9 1.2. Definitions...
More informationFuture of the Qatari Defense Industry Market Attractiveness, Competitive Landscape and Forecasts to 2020
Future of the Qatari Defense Industry Market Attractiveness, Competitive Landscape and Forecasts to 2020 Future of the Qatari Defense Industry Market Attractiveness, Competitive Landscape and Forecasts
More informationReport Price: US$ 1250 (Single User) Future of the Colombian Defense Industry Market Attractiveness, Competitive Landscape and Forecasts to 2019
Report Price: US$ 1250 (Single User) Future of the Colombian Defense Industry Market Attractiveness, Competitive Landscape and Forecasts to 2019 Summary Future of the Colombian Defense Industry Market
More informationFuture of the Greek Defense Industry Market Attractiveness, Competitive Landscape and Forecasts to 2018
Future of the Greek Defense Industry Market Attractiveness, Competitive Landscape and Forecasts to 2018 TABLE OF CONTENTS 1 Introduction... 9 1.1 What is this Report About?... 9 1.2 Definitions... 9 1.3
More informationFuture of the Spanish Defense Industry Market Attractiveness, Competitive Landscape and Forecasts to Report Price: US$ 1250 (Single User)
Future of the Spanish Defense Industry Market Attractiveness, Competitive Landscape and Forecasts to 2020 Report Price: US$ 1250 (Single User) Summary Future of the Spanish Defense Industry Market Attractiveness,
More informationReport Price: US$ 1250 (Single User) Future of the Kenyan Defense Industry Market Attractiveness, Competitive Landscape and Forecasts to 2020
Report Price: US$ 1250 (Single User) Future of the Kenyan Defense Industry Market Attractiveness, Competitive Landscape and Forecasts to 2020 Summary Future of the Kenyan Defense Industry Market Attractiveness,
More informationFuture of the Azerbaijani Defense Industry Market Attractiveness, Competitive Landscape and Forecasts to 2018
Future of the Azerbaijani Defense Industry Market Attractiveness, Competitive Landscape and Forecasts to 2018 TABLE OF CONTENTS 1. Introduction... 8 1.1. What is this Report About?... 8 1.2. Definitions...
More informationReport Price: US$ 1250 (Single User) Future of the Pakistani Defense Industry Market Attractiveness, Competitive Landscape and Forecasts to 2019
Report Price: US$ 1250 (Single User) Future of the Pakistani Defense Industry Market Attractiveness, Competitive Landscape and Forecasts to 2019 Summary Future of the Pakistani Defense Industry Market
More informationFuture of the Omani Defense Industry Market Attractiveness, Competitive Landscape and Forecasts to 2018
Future of the Omani Defense Industry Market Attractiveness, Competitive Landscape and Forecasts to 2018 TABLE OF CONTENTS 1. Introduction... 9 1.1. What is this Report About?... 9 1.2. Definitions... 9
More informationReport Price: US$ 1250 (Single User) Future of the Turkish Defense Industry Market Attractiveness, Competitive Landscape and Forecasts to 2019
Report Price: US$ 1250 (Single User) Future of the Turkish Defense Industry Market Attractiveness, Competitive Landscape and Forecasts to 2019 Summary Future of the Turkish Defense Industry Market Attractiveness,
More informationFuture of the Algerian Defense Industry Market Attractiveness, Competitive Landscape and Forecasts to Report Price: US$ 1250 (Single User)
Future of the Algerian Defense Industry Market Attractiveness, Competitive Landscape and Forecasts to 2020 Report Price: US$ 1250 (Single User) Future of the Algerian Defense Industry Market Attractiveness,
More informationFuture of the UAE Defense Industry Market Attractiveness, Competitive Landscape and Forecasts to 2019
Future of the UAE Defense Industry Market Attractiveness, Competitive Landscape and Forecasts to 2019 TABLE OF CONTENTS 1. Introduction... 9 1.1. What is this Report About?... 9 1.2. Definitions... 9 1.3.
More informationThe Brazilian Defense Industry-Market Opportunities and Entry Strategies Analyses and Forecasts to 2017
The Brazilian Defense Industry-Market Opportunities and Entry Strategies Analyses and Forecasts to 2017 John Carpenter House, 7 Carmelite Street, LondonEC4Y 0BS, United Kingdom, Tel: +44 (0)20 7936 6830
More informationLife Insurance in the United Kingdom, Key Trends and Opportunities to 2017
Life Insurance in the United Kingdom, Key Trends and Opportunities to 2017 Market Intelligence Report Reference code: IS0362MR Published: August 2013 www.timetric.com Timetric John Carpenter House 7 Carmelite
More informationNordic Defence Cooperation savings potential with respect to materiel
Nordic Defence Cooperation savings potential with respect to materiel Prof. Juha-Matti Lehtonen Sen. Lieutnant Henry Isojärvi NORDEFCO Nordic Defence Co-operation (NORDEFCO) was established in 2009 but
More informationNon-Life Insurance in Taiwan, Key Trends and Opportunities to 2017
Non-Life Insurance in Taiwan, Key Trends and Opportunities to 2017 Market Intelligence Report Reference code: IS0481MR Published: January 2014 www.timetric.com Timetric John Carpenter House 7 Carmelite
More informationBAE Systems Preliminary Results. 22 February 2007
BAE Systems 2006 Preliminary Results 22 February 2007 1 2006 Performance overview Another strong performance US businesses performing well good order intake UK businesses good programme execution delivering
More informationBAE Systems Interim Results. 13 September 2006
BAE Systems 2006 Interim Results 13 September 2006 2006 First half Good first half performance Sales 2006 First half 8,214m 24% 25% US businesses performing strongly growth outlook continues 9% 11% UK
More informationLife Insurance in Venezuela, Key Trends and Opportunities to 2017
Life Insurance in Venezuela, Key Trends and Opportunities to 2017 Market Intelligence Report Reference code: IS0467MR Published: December 2013 www.timetric.com Timetric John Carpenter House 7 Carmelite
More informationUK Defence Spending. Professor Keith Hartley Defence Research Institute Universities of Lancaster and York
UK Defence Spending Professor Keith Hartley Defence Research Institute Universities of Lancaster and York Introduction Defence economics stresses that difficult choices in defence policy cannot be avoided.
More informationPersonal Accident and Health Insurance in Romania, Key Trends and Opportunities to 2017
Personal Accident and Health Insurance in Romania, Key Trends and Opportunities to 2017 Market Intelligence Report Reference code: IS0587MR Published: May 2014 www.timetric.com Timetric John Carpenter
More informationPersonal Accident and Health Insurance in Malaysia, Key Trends and Opportunities to 2017
Personal Accident and Health Insurance in Malaysia, Key Trends and Opportunities to 2017 Market Intelligence Report Reference code: IS0414MR Published: October 2013 www.timetric.com Timetric John Carpenter
More informationFY09 President s Budget America s Edge: Global Vigilance, Reach and Power
Headquarters U.S. Air Force I n t e g r i t y - S e r v i c e - E x c e l l e n c e FY09 President s Budget America s Edge: Global Vigilance, Reach and Power Maj Gen Larry Spencer Director, Air Force Budget
More informationFacing Shifting Political Winds and Policy Revisions. Poland s ambitious military. modernization program will undergo
OCCASIONAL PAPER SEPTEMBER 015 Poland s Defense: Facing Shifting Political Winds and Policy Revisions Christina Balis Dominik Kimla Poland s ambitious military modernization program will undergo significant
More informationBAE Systems Half Year Results. 29 July 2010
BAE Systems 2010 Half Year Results 29 July 2010 1 Introduction - First half 2010 Continued good performance Good programme execution Delivering planned performance Supports outlook for full year Sales
More informationMyanmar. Key Indicators for Asia and the Pacific Item
Key Indicators for Asia and the Pacific 2017 1 POPULATION a Total population million; as of 1 October 46.1 46.6 47.1 47.6 48.1 48.5 48.8 49.2 49.5 49.8 50.2 50.6 51.0 51.4 52.0 52.5 52.9 Population density
More informationRules Governing Public Procurement
Rules Governing Public Procurement General Financial Rules, (GFR) 2005. State GFRs. Delegation of Financial Powers Rules (DFPR), 1978. Guidelines issued by the Central Vigilance Commission (CVC). Guidelines
More informationThe Underfunded Pentagon
march / april 2oo7 The Underfunded Pentagon Martin Feldstein Volume 86 Number 2 The contents of Foreign Affairs are copyrighted. 2007 Council on Foreign Relations, Inc. All rights reserved. Reproduction
More informationTHE PIPA/KNOWLEDGE NETWORKS POLL.
THE PIPA/KNOWLEDGE NETWORKS POLL. THE AMERICAN PUBLIC ON INTERNATIONAL ISSUES PIPA-Knowledge Networks Poll: The Federal Budget: The Public s Priorities Questionnaire Dates of Survey: Feb 18 25, 2005 Sample
More informationTuesday 14th April 2015 BAWA Centre, Bristol
The following presentation was given at: The SCAF 2015 Cost Estimating Challenge Tuesday 14th April 2015 BAWA Centre, Bristol Released for distribution by the Author www.scaf.org.uk/library The SCAF 2015
More informationIndia. Key Indicators for Asia and the Pacific Item
1 POPULATION a Total population as of 1 October (million) 1,019 1,040 1,056 1,072 1,089 1,106 1,122 1,138 1,154 1,170 1,186 1,220 1,235 1,251 1,267 1,283 1,299 1,316 Population density (persons/km 2 )
More informationAPOLLO MICRO SYSTEMS LIMITED IPO Price Band : ` 270 ` 275. our recommendation SuBScriBe
APOLLO MICRO SYSTEMS LIMITED IPO Price Band : ` 270 ` 275 our recommendation SuBScriBe THE OFFER Issue Open : 10 Jan 2018 to 12 Jan 2018»» Issue Type: Book Built Issue IPO»» Issue Size: Fresh Issue aggregating
More informationGeneral Dynamics Reports Second-Quarter 2017 Results
2941 Fairview Park Drive, Suite 100 Falls Church, VA 22042-4513 www.generaldynamics.com News Contact: Lucy Ryan Tel: 703 876 3631 lryan@generaldynamics.com July 26, 2017 General Dynamics Reports Second-Quarter
More informationL-3 COMMUNICATIONS ANNOUNCES FIRST QUARTER 2007 RESULTS
Contact: Cynthia Swain Vice President, Corporate Communications L-3 Communications 212-697-1111 Contact: FD Investors: Eric Boyriven, Alexandra Tramont Media: Evan Goetz 212-850-5600 For Immediate Release
More informationChina, People s Republic of
1 POPULATION Total population as of 31 December (million) 1,267.4 1,276.3 1,284.5 1,292.3 1,299.9 1,307.6 1,314.5 1,321.3 1,328.0 1,334.5 1,340.9 1,347.4 1,354.0 1,360.7 1,367.8 1,374.6 1,382.7 1,390.1
More informationItem
Key Indicators for Asia and the Pacific 2015 1 POPULATION Total population million; as of 1 July 73.73 74.88 76.02 77.11 78.12 79.08 80.00 80.95 81.91 82.85 84.22 85.12 86.03 86.93 87.84 88.77 89.71 90.73
More informationViet Nam. Key Indicators for Asia and the Pacific Item
1 POPULATION Total population million; as of 1 July 77.11 78.12 79.08 80.00 80.95 81.91 82.85 84.22 85.12 86.03 86.93 87.84 88.81 89.76 90.73 91.71 92.7* Population density persons per square kilometer
More informationLucintel. Publisher Sample
Lucintel http://www.marketresearch.com/lucintel-v2747/ Publisher Sample Phone: 800.298.5699 (US) or +1.240.747.3093 or +1.240.747.3093 (Int'l) Hours: Monday - Thursday: 5:30am - 6:30pm EST Fridays: 5:30am
More informationNational Survey Results
National Survey Results Q1 Q2 For the next several questions I m going to show you two statements and ask you which one you agree with more, or if you agree with some of both. Here s the first two statements:
More informationViet Nam. Key Indicators for Asia and the Pacific Item
Key Indicators for Asia and the Pacific 2018 1 POPULATION Total population as of 1 July (million) 77.11 78.12 79.08 80.00 80.95 81.91 82.85 84.22 85.12 86.03 86.93 87.84 88.81 89.76 90.73 91.71 92.69 93.67*
More informationMalaysia. Key Indicators for Asia and the Pacific Item
Key Indicators for Asia and the Pacific 2017 1 POPULATION Total population million; as of 1 July 23.49 24.03 24.54 25.04 25.54 26.05 26.55 27.06 27.57 28.08 28.59 29.06 29.51 29.92 30.60 31.20 31.66 Population
More informationItem
last updated through SDBS on 30 September 2015 1 POPULATION Total population million; as of 1 July 21.6 21.8 22.0 22.2 22.3 22.5 22.6 22.6 22.7 22.8 22.9 23.0 23.1 23.1 23.2 23.3 23.3 23.4 Population density
More information2018 Interim Results. 1 August BAE Systems 2018
2018 Interim Results 1 August 2018 All statements other than statements of historical fact included in this document, including, without limitation, those regarding the financial condition, results, operations
More informationAggressive Militarism or Security: The opportunity cost of Trident replacement and the aircraft carrier programme
Guest essay: Aggressive Militarism or Security: The opportunity cost of Trident replacement and the aircraft carrier programme By Professor J Paul Dunne and Dr Sam Perlo-Freeman 1 Prepared for Peace, Conflict
More informationLucintel. Publisher Sample
Lucintel http://www.marketresearch.com/lucintel-v2747/ Publisher Sample Phone: 800.298.5699 (US) or +1.240.747.3093 or +1.240.747.3093 (Int'l) Hours: Monday - Thursday: 5:30am - 6:30pm EST Fridays: 5:30am
More informationSingapore. Key Indicators for Asia and the Pacific Item
Key Indicators for Asia and the Pacific 2012 1 POPULATION Total population a million; as of 1 July 3.52 4.03 4.27 4.59 4.84 4.99 5.08 5.18 Population density persons per square kilometer 5443 5900 6112
More informationGeneral Dynamics Reports Fourth-Quarter, Full-Year 2018 Results
2941 Fairview Park Drive, Suite 100 Falls Church, VA 22042-4513 www.generaldynamics.com News Contact: Jeff A. Davis Tel: 703 876 3483 press@generaldynamics.com January 30, 2019 General Dynamics Reports
More informationKONGSBERG GRUPPEN (KOG) 3RD QUARTER REPORT. kongsberg.com
3RD QUARTER REPORT 2013 kongsberg.com 2013 PAGE 1 KONGSBERG KONGSBERG reported operating revenues in 2013 of MNOK 3 448 (MNOK 3 675) and EBITDA of MNOK 518 (MNOK 646), resulting in an EBITDA margin of
More informationUNITED STATES ENACTS NEW LAW REQUIRING THE IMPOSITION OF ADDITIONAL ECONOMIC SANCTIONS WITH RESPECT TO NORTH KOREA, IRAN AND RUSSIA
AUGUST 3, 2017 CIRCULAR NO. 23/17 TO MEMBERS OF THE ASSOCIATION Dear Member: UNITED STATES ENACTS NEW LAW REQUIRING THE IMPOSITION OF ADDITIONAL ECONOMIC SANCTIONS WITH RESPECT TO NORTH KOREA, IRAN AND
More informationConcepts, Techniques and Tools that Support Program Budgeting
Concepts, Techniques and Tools that Support Program Budgeting Scott Adams, Inc./Dist. By UFS, Inc. Defense Resources Management Institute Naval Postgraduate School Monterey, California 1 Learning Objectives
More informationThe Economic Impact of Canada s Arctic and Offshore Patrol Ship Program.
The Economic Impact of Canada s Arctic and Offshore Patrol Ship Program. AT A GLANCE The National Shipbuilding Strategy (NSS) is a long-term initiative to renew Canada s fleet of combat, patrol, and other
More informationOrder intake and sales at 30 September 2017
Paris La Défense, 19 October 2017 Order intake and sales at 30 September 2017 Order intake in line with expectations: 8.8 billion, down 14% Sales: 10.3 billion, up 3.5% on an organic basis 1 (up 3.0% on
More informationGENERAL DYNAMICS CORPORATION (Exact Name of Registrant as Specified in Its Charter)
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event
More informationECONOMIC PROFILE OF NORWAY
5/31/2017 ECONOMIC PROFILE OF NORWAY Submitted to Dr. Ahmed Tazmeen Department of Economics North South University Prepared & Submitted by Fatema Zohara ID: 161-2861-085 MPPG 6th Batch North South University
More informationLockheed Martin Reports Third Quarter 2018 Results
News Release Lockheed Martin Reports Third Quarter Results Net sales of $14.3 billion Net earnings of $1.5 billion, or $5.14 per share Increased quarterly dividend rate to $2.20 per share Increased share
More informationItem
256 POPULATION Total population million; as of 1 July 42.9 45.1 47.0 47.6 47.9 48.0 48.1 48.3 Population density persons per square kilometer 432 454 473 487 490 492 494 487 Population annual change, %
More information2020 Foresight: Non-Resident Indians
Publication date: October 2013 Report code: WI0008FR 2020 Foresight: Non-Resident Indians www.wealthinsight.com Beijing Buenos Aires Frankfurt Hong Kong Hyderabad London Madrid Mexico City New York San
More information2018 Preliminary Results
2018 Preliminary Results 21 February 2019 All statements other than statements of historical fact included in this document, including, without limitation, those regarding the financial condition, results,
More informationConsulting the American People on National Defense Spending. May 10, 2012
Consulting the American People on National Defense Spending May 10, 2012 Questionnaire Dates of Survey: April 12-18, 2012 Margin of Error: 4.8% Sample Size: 665 MoE includes design effect of 1.5642 [DISPLAY]
More informationPower Plant. Future Products. Helicopters. Aircraft. System and Accessories. Avionics. IPO Report-Hindustan Aeronautics Ltd 16 th March, 2018
IPO Report-Hindustan Aeronautics Ltd 16 th March, 2018 Issue Period 16 Mar 2018-19 Mar, 2018 Security Type Equity Issue Size No. of Shares 3,61,50,000 Price Band 1215-1240 Face Value 10 Market Lot 12 Minimum
More informationInternational Monetary Fund Washington, D.C.
2008 International Monetary Fund June 2008 IMF Country Report No. 08/192 Kuwait: Statistical Appendix This Statistical Appendix for Kuwait was prepared by a staff team of the International Monetary Fund
More informationKorea, Republic of. Key Indicators for Asia and the Pacific Item
Key Indicators for Asia and the Pacific 2016 1 POPULATION Total population million; as of 1 July 47.0 47.4 47.6 47.9 48.0 48.1 48.4 48.6 48.9 49.2 49.4 49.8 50.0 50.2 50.4 50.6 Population density persons
More informationAeroVironment, Inc. Overview for Raymond James Defense & Government Services Conference
AeroVironment, Inc. Overview for Raymond James Defense & Government Services Conference May 30, 2018 1 August May 30, 2, 2018 2017 2017 2018 AeroVironment, Inc. Safe Harbor Statement Certain statements
More informationLockheed Martin Corporation. BUY Price Target: $243 Key Statistics as of 03/18/2016. Thesis Points: Company Description: NYSE:LMT
Lockheed Martin Corporation NYSE:LMT Analyst: Sector: Pierre Riffard Industrials BUY Price Target: $243 Key Statistics as of 03/18/2016 Thesis Points: Market Price: Industry: Market Cap: 52-Week Range:
More informationBAE Systems Interim Results. 9 August 2007
BAE Systems 2007 Interim Results 9 August 2007 1 2007 - Overview All Businesses performing well Strong recovery in UK continues good programme execution recovery in UK land systems Strategy implementation
More informationLockheed Martin Reports Second Quarter 2018 Results
News Release Lockheed Martin Reports Second Quarter Results Net sales of $13.4 billion Net earnings of $1.2 billion, or $4.05 per share Achieved backlog of $105 billion Increases financial outlook for
More informationPhilippines. Key Indicators for Asia and the Pacific Item
1 POPULATION Total population a million; as of 1 July 76.8 78.4 79.9 81.5 83.1 84.7 86.3 87.9 89.4 91.0 93.1 94.8 96.5 98.2 99.9 101.6 103.2 Population density persons per square kilometer 256 261 266
More informationLucintel. Publisher Sample
Lucintel http://www.marketresearch.com/lucintel-v2747/ Publisher Sample Phone: 800.298.5699 (US) or +1.240.747.3093 or +1.240.747.3093 (Int'l) Hours: Monday - Thursday: 5:30am - 6:30pm EST Fridays: 5:30am
More informationActivity 20.1 U.S. Quarterly Real GDP ( )
Activity 20.1 U.S. Quarterly Real GDP (1979 2013) (in billions of chained 2009 dollars) Year & Quarter Real GDP Year & Quarter Real GDP Year & Quarter Real GDP Year & Quarter Real GDP 1979 Q1 6,426.1 1988
More informationBAE Systems Preliminary Results. 20 February BAE Systems 2014
BAE Systems 2013 Preliminary Results 20 February 2014 All statements other than statements of historical fact included in this document, including, without limitation, those regarding the financial condition,
More informationConstruction Chemicals Market India
Construction Chemicals Market India November 2014 Executive Summary Market Construction chemicals market stood at INR xx bn in and is expected to reach INR yy bn in, growing at a CAGR of about z% Growing
More informationEUROPEAN DEFENSE TRENDS: BRIEFING UPDATE
EUROPEAN DEFENSE TRENDS: BRIEFING UPDATE Project Director: David Berteau Lead Researchers: T.J. Cipoletti and Greg Sanders Co-Researchers: Meaghan Doherty and Abby Fanlo January 5, 2015 National Security
More informationEADS North America. North America Investor Forum 2010 New York, 18 th March Sean O Keefe CEO, EADS North America
EADS North America North America Investor Forum 2010 New York, 18 th March 2010 Sean O Keefe CEO, EADS North America Safe Harbour Statement 2 Disclaimer This presentation includes forward-looking statements.
More informationQUARTERLY REPORT 1ST QUARTER. kongsberg.com
QUARTERLY REPORT 1ST QUARTER 2018 kongsberg.com KONGSBERG The activity remains at a stable level in Kongsberg Maritime, but at the same time we have seen temporary lower activity in certain defence business
More informationMemorandum to the Danish Public Accounts Committee on Potential Examination of the Procurement of New Fighter Aircraft.
Memorandum to the Danish Public Accounts Committee on Potential Examination of the Procurement of New Fighter Aircraft November 2007 FACTUAL MEMORANDUM TO THE PUBLIC ACCOUNTS COMMITTEE 1 Potential Examination
More informationExecutive Board meeting. 31 October 2012
Executive Board meeting October % % 7% 9% Baseline scenarios with fan charts in MPR / Percent 7-9 9 MPR / MPR / 7 - - - - Output gap 9 CPIXE 9 - - - Sources: Statistics Norway and Norges Bank Key policy
More informationContinuing operational delivery and progress implementing strategy QinetiQ Group plc Interim results for half year ended 30 September 2016
Continuing operational delivery and progress implementing strategy QinetiQ Group plc Interim results for half year ended 30 September 2016 17 November 2016 Introduction Steve Wadey Chief Executive Officer
More informationThe Israeli Economy Strong & Stable, A+
The Israeli Economy Strong & Stable, A+ But does not leverage its full potential April 23, 2018 Dr. Yacov Sheinin, Dr. Rachel Sheinin Disclaimer This review is intended solely for clients of Economic Models
More informationBAE Systems plc Annual General Meeting Wednesday 5th May 2010 Queen Elizabeth II Conference Centre, London. FAQs
BAE Systems plc Annual General Meeting Wednesday 5th May 2010 Queen Elizabeth II Conference Centre, London FAQs FAQS INTRODUCTION The Company has produced this information sheet which provides answers
More informationChart 1 Oil investment and spending of petroleum revenues. In billions of 2016 NOK. Average annual change
Chart Oil investment and spending of petroleum revenues. In billions of 6 NOK. Average annual change 3 3 Spending Investment 3 3 Sources: Statistics Norway and Norges Bank 3 6 3 Chart Key policy rates.
More informationMarket background. A. Macroeconomics B. Banking sector
Market background A. Macroeconomics B. Banking sector Copenhagen, December 14, 2004 A. Macroeconomics Overview (1/2) Republic of Northern The Republic of was the fastest growing economy in the European
More informationDefence Budget : The Imperative of Controlling Manpower Cost
IDSA Issue Brief Defence Budget : The Imperative of Controlling Manpower Cost Laxman Kumar Behera February 5, 2018 Summary Presenting the last full-fledged budget before the general elections of 2019,
More informationThales: 2012 annual results
Thales: 2012 annual results Neuilly-sur-Seine, 28 February 2013 The Board of Directors of Thales (NYSE Euronext Paris: HO) met today and closed the financial statements for financial year 2012 1. Order
More informationNon-Life Insurance in Belgium, Key Trends and Opportunities to 2018
Non-Life Insurance in Belgium, Key Trends and Opportunities to 2018 Market Intelligence Report Reference code: IS0807MR Published: December 2014 www.timetric.com Timetric John Carpenter House 7 Carmelite
More informationEUROPEAN UNION SOUTH KOREA TRADE AND INVESTMENT 5 TH ANNIVERSARY OF THE FTA. Delegation of the European Union to the Republic of Korea
EUROPEAN UNION SOUTH KOREA TRADE AND INVESTMENT 5 TH ANNIVERSARY OF THE FTA 2016 Delegation of the European Union to the Republic of Korea 16 th Floor, S-tower, 82 Saemunan-ro, Jongno-gu, Seoul, Korea
More informationInsert Cover Image using Slide Master View Do not distort. Hotel Industry India
Insert Cover Image using Slide Master View Do not distort Hotel Industry India September 2014 Executive Summary Market Tourism is slated to grow at 7% CAGR over 2013-18e India has emerged as a favorite
More informationThe Btu Tax: Effects on Energy Markets and the Southwest
The Btu Tax: Effects on Energy Markets and the Southwest Although the Btu tax is a small part of President Clinton s overall budget package, it has important implications for the energy industry and some
More informationLife Insurance in Belgium, Key Trends and Opportunities to 2018
Life Insurance in Belgium, Key Trends and Opportunities to 2018 Market Intelligence Report Reference code: IS0806MR Published: December 2014 www.timetric.com Timetric John Carpenter House 7 Carmelite Street
More informationFinancial Contents. 15 Management s Discussion and Analysis of Financial Condition and Results of Operations
Financial Contents 15 Management s Discussion and Analysis of Financial Condition and Results of Operations 29 Management s Responsibility for Financial Statements 30 Management s Report on Internal Control
More informationComDef West 2011 Export Control Implementing Change David Marshall Minister-Counsellor Defence Materiel Washington DC
ComDef West 2011 Export Control Implementing Change David Marshall Minister-Counsellor Defence Materiel Washington DC CONUS & Australia A Comparison THE 2010-11 DEFENCE BUDGET Defence: $26.9 billion in
More informationLOCKHEED MARTIN CORPORATION (Exact name of registrant as specified in its charter)
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December
More informationSvein Gjedrem: Transatlantic economic partnership - Nordic and American perspectives
Svein Gjedrem: Transatlantic economic partnership - Nordic and American perspectives Speech by Mr Svein Gjedrem, Governor of Norges Bank (Central Bank of Norway), at the Nordic Investment Bank Economic
More informationSAUDI ARABIA STATISTICAL SNAPSHOT
SAUDI ARABIA STATISTICAL SNAPSHOT 2016 ABOUT THE SNAPSHOT The Saudi Arabia Statistical Snapshot presents the main development and economic data and key indicators under the following topics: demography,
More informationUK DEFENCE SURVEY (0)
The survey is produced by Mike Lee, Head of Market Intelligence at ADS surveys@adsgroup.org.uk ADS Group Limited Salamanca Square 9 Albert Embankment London SE1 7SP enquiries@adsgroup.org.uk www.adsgroup.org.uk
More informationGENERAL DYNAMICS CORPORATION (Exact Name of Registrant as Specified in Its Charter)
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event
More informationLockheed Martin Reports First Quarter 2018 Results
News Release Lockheed Martin Reports First Quarter 2018 Results Net sales of $11.6 billion Net earnings of $1.2 billion, or $4.02 per share Generated cash from operations of $632 million after pension
More informationEnergy ACCOUNTABILITY STATEMENT MINISTRY OVERVIEW
Energy ACCOUNTABILITY STATEMENT This business plan was prepared under my direction, taking into consideration the government s policy decisions as of March 3, 2017. original signed by Margaret McCuaig-Boyd,
More informationBRAGGING RIGHTS: WHAT OTHERS ARE SAYING ABOUT TEXAS
THE TEXAS ADVANTAGE BRAGGING RIGHTS: WHAT OTHERS ARE SAYING ABOUT TEXAS 2015 Gold Shovel: 2015, 2014, 2013, 2012, 2008 Silver Shovel: 2011, 2010, 2009, 2007 CEOs Name Texas Best State for Business for
More informationFrost & Sullivan Whitepaper On Financial Benchmarking of the Financial Services Sector in the Middle East
Frost & Sullivan Whitepaper On Financial Benchmarking of the Financial Services Sector in the Middle East Prepared for: Table of Contents 1 Objective and Scope...3 2 Definition...3 3 Introduction to Financial
More information