Peru's defence imports are expected to increase during 2017-21 as the nation intends to increase its military spending and arms procurements to bolster its army presence in the region, according to a report by Strategic Defence Intelligence (SDI).
Entitled Future of the Peruvian Defense Industry – Market Attractiveness, Competitive Landscape and Forecasts to 2021, the report analyses the current and future trends in Chilean defence industry.
Peru imported KAI KT-1 basic trainer aircraft, Type 90B 122mm MLRS system, Mi-171Sh transport helicopters and Mi-35P attack helicopters between 2011 and 2015. It also began remanufacturing and modernisation of five of its Ex-New Zealand SH-2G Super Seasprite helicopters in 2016.
The Peruvian Government also plans to procure multi-role aircraft, submarines, frigates and main battle tanks (MBTs) in the next five years, states the report.
Peru's Ministry of Defence imports the majority of its equipment from foreign original equipment manufacturers (OEMs) as its domestic defence industry is still underdeveloped.
The foreign OEMs access the Peruvian market through defence exhibitions and direct commercial sales, but lack of transparency in the procurement process limits their entry into the country’s defence industry.