Airbus Military could be one of the main beneficiaries of the Singapore air force’s next round of procurements. Singapore has at the top of its procurement list aerial refueling tankers, strategic airlifters and anti-submarine warfare fixed-wing aircraft, purchases that will see that the island continues to be, for the next few years at least, the biggest spender on new defense equipment in Southeast Asia.
The 2011 defense budget was SG$12.1 billion ($9.6 billion), accounting for 26% of the government budget and about 5% of gross domestic product (GDP). Some analysts estimate that Singapore, with a population of about five million, spends more on defense per capita than any country but Israel. Full story
