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January 14, 2005

Latest Tsunami Casualty: Indonesian Fighter Buy

Russian Defense Industry Loses Hundreds of Millions

The tsunami of 2004 was not only a terrible human disaster for the archipelago nation of Indonesia, but is shaping up to be a financial one as well. One of the repercussions from the tidal wave is being felt all the way to snowy Russia: the Indonesians, who were on the brink of buying more Russian fighter jets and helicopters, have quietly pulled the plug on the order, leaving the Russians disappointed and scrambling for customers, according to Russian media and Reuters reports.

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Air-To-Air Missiles Continues To Be Big Business

Forecast1 Sees $13.8 Billion Market Through 2014

"Air-to-air missiles may have played only a minor role in the recent fighting in Iraq, but they remain crucial to any wartime effort for achieving air superiority," says Larry Dickerson, Missile Analyst for Forecast International. According to Dickerson, "The lack of headline-grabbing aerial engagements in the skies over Iraq does not mean air-to-air missiles have lost their appeal."

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