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Tuesday, February 11, 2014

Singapore Airshow: Organisers Expect $25bn in Orders

Type 216 SSKOver a 150 US companies are participating in this week's Singapore Airshow.

Asia's largest air show kicks-off on 11 February and organisers hope to close deals worth $25bn (£15.2bn, €18.3bn) over the course of six days, according to reports.

The air show will also have a large defence side to it.

Singapore operates the biggest air force in Southeast Asia. The city-state, whose per-capita GDP exceeds that of the US and Germany, regularly allocates about 20% of national spending to defence.

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