Defense Exports To India, Middle East Booming: Study

Law360, Washington (February 27, 2014, 2:08 PM EST) -- Defense imports to India and the Middle East are booming while Russia and South Korea are emerging as threats to U.S. dominance of global defense export market, a research group said on Thursday.

The new Balance of Trade study by IHS Inc. reported dramatic growth in defense imports to India, primarily benefiting U.S. defense companies. India imported $1.89 billion in defense kits from the U.S. in 2013, up from $237 million in 2009, according to the report. An additional $3.4 billion is booked in 2015, IHS...
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