Defence spending in South America is being driven by governments’ desire to target illegal activity and criminal groups.
Funding is often allocated to update equipment and to provide services that protect resources and borders, making the security sector a lucrative market for foreign suppliers.
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Brazil is by far the highest spender on defence in South America. Military expenditure in Brazil amounted to $29.3 billion in 2017, with Columbia sitting in second place, spending $9.7 billion.
Defence budgets can be spent on everything from ships to stationery. This means that almost any business can find work with defence organisations in South America.
To learn more about how your business can win work in the South American marketplace, request a demo with a DCI defence expert.Request Demo
Countries across South America are looking for suppliers to fill gaps in the following areas:
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