UPI, 06/29/2012
BUENOS AIRES, June 29 (UPI) — Ongoing and upcoming Brazilian defense programs translate into the highest defense expenditures in Latin America over the next decade.
Business analysis firm Frost and Sullivan said it came to the conclusion after studying estimate defense expenditures for new equipment of Brazil, Chile, Colombia and Peru.
The total will be about $69.1 billion for all from 2011-20, with Brazil accounting for the majority of procurements.
