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Hawks investigating Durban ammunition theft
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Over a million rounds of ammunition looted from Durban container
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tmrFebruary 5, 2021 21
According to a new market report on the ammunition market, published by Transparency Market Research, the global ammunition market is expected to reach US$ 16,468.2 Mn by 2026, expanding at a CAGR of 3.5% from 2018 to 2026. According to the report, the global market will continue to be influenced by a range of macroeconomic and industry-specific factors. Asia Pacific will continue to be at the forefront of global demand, with the market in the region growing at a CAGR of 5.0% through 2026.
Growth in global sales of weapons is driving the global ammunition market
The demand for ammunition is directly dependent on the rise in security concerns, growing weapon sales, and increasing modernization programs. The increased defense expenditure is likely to boost the demand for ammunition which is needed for various weapons and other military systems, thereby driving the growth of the ammunition market.
South-South Cooperation: Top military officials from Brazil head to Aero-India Huma Siddiqui © Provided by The Financial Express The Presidents and Prime Ministers especially of big countries do not attend the national day events which are organized by the embassies. (Photo source: PIB)
A high level military delegation from the South American nation Brazil is heading to India for the 13th edition of the Aero-India 2021, next month in Bengaluru. The delegation is led by Major Brigadeiro do Ar Alcides Teixeira BARBACOVI (Equivalent to Air Marshal / 3 star rank), Director, Department of Defence Products, Ministry of Defence (MoD), Brazil. And, he is being accompanied by two officials from the MoD, Brazil: Col (Retd) Carlos COELHO, Coordinator of Department of Trade Promotion, and Major Marcus Vinícius Dornellas FACHINI, Assistant to Director, Department of Defence Products.
Brazil s CBC and India s SSS Defence joint venture to take off in 2021 – Indian Defence Research Wing
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