Teal Group Predicts 600,000 Missiles Valued at $103.7 Billion Will Be Built Throughout the World in the 2006-2015 Decade

An estimated 600,000 missiles of virtually all types valued at $103.7 billion are expected to be built throughout the world in the 2006-2015 decade, predict Teal Group analysts in their latest world missile market production forecast released at a major international trade show.

Teal analysts released their forecast at Asian Aerospace 2006, the international aerospace exhibition for the Far East and Pacific regions. Asian Aerospace 2006 is taking place Feb. 21- 26, 2006, at the Changi Exhibition Centre in Singapore.

"We believe that declines in world defense spending in the 1990s have bottomed out in the past few years so far as missiles are concerned," said Steve Zaloga, lead analyst for Teal Group's World Missiles & UAVs Briefing, the 1,400-page, monthly-updated competitive intelligence service, in which this and seven other missile, UAV and smart munitions market forecasts and 156 individual missile system reports are published and regularly updated.

"In budget-strapped times, it is more cost effective to add a new generation of dogfight missiles to an older aircraft than to buy a new aircraft," said Zaloga. "Likewise, ships and many other weapons categories. Missiles offer to increase the combat capabilities of many weapons platforms without the need for the expense of replacing the system itself."

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