Boeing has forecast that the defence and security industry in the Middle East will be worth $ 96bn by 2029 and predicted constant growth for its own sales in the region. Business consultancy Defence, Space and Security had already predicted a rise from the current $ 12.2bn market value to $ 25bn by 2029 . Defence, Space and Security ’s Saab division reported a demand for its aircraft, technology and other products including a refuelling tanker and a drone system. Meanwhile the firm has won a $ 9.2bn contract with the US air force to train pilots on the T-X training aircraft it jointly developed with Boeing .
Boeing has forecast that the defence and security industry in the Middle East will be worth $96bn by 2029 and predicted constant growth for its own sales in the region. Business consultancy Frost & Sullivan had already predicted a rise from the current $12.2bn market value to $25bn by 2022. Boeing’s Defence, Space and Security division reported a demand for its aircraft, technology and other products including a refuelling tanker and a drone system. Meanwhile the firm has won a $9.2bn contract with the US air force to train pilots on the T-X training aircraft it jointly developed with Saab.