1. Skip to navigation
  2. Skip to content
  3. Skip to secondary content



Latino Daily News

Wednesday December 26, 2012

Exports of Spanish Arms and Defense Sector Drop 44 Percent in Spain

Exports of Spanish Arms and Defense Sector Drop 44 Percent in Spain

Photo: Arms and Defense exports

Click Here to Enlarge Photo

Spain’s arms exports fell 43.7 percent in the first half of the year compared with the same period in 2011, the Industry Ministry said in a report released Wednesday.

The Iberian nation’s arms and defense sector had foreign sales of 619.4 billion euros ($818.87 billion) between Jan. 1 and June 30.

The total includes sales of police and security gear, of hunting and sporting guns and of “dual-use” items that have both civilian and military applications.

The largest single transaction was the sale to Venezuela of a patrol ship capable of navigation on the high seas and components for building a coastal patrol vessel.

That deal was valued at 162.1 billion euros.

Sales to other European Union member-states accounted for 41.9 percent of the total, driven mainly by transactions with Britain, Germany and Italy, Spain’s partners in joint projects such as the Eurofighter and the A-400M military transport plane.

Besides Venezuela, the Spanish defense sector’s non-European customers included Ghana, Mexico, Chile, Peru, Tunisia, Brazil, Turkey and South Africa.