Global Defence Market
Defence spending in 2011 was in excess of 1.723 Billion USD.
Offset obligaitons form part of most defence contracts. From 1993 to 2011, US firms entering into 830 offset related defence export sales worth $122.67Bn with 47 countries.
The associated offset agreements were valued at $83.73Bn – circa 68% of contact value.
In 2011, the US companies actually spent $102m on training services and achieved an offset value of $478m ‐ a multiple of 4.7.
MAST is leading the way in the UK security market, supporting defence companies with global offset obligations.