SITDEF 2019 (TFC Event) Detailed Event Information For SITDEF 2019 (TFC Event)
SITDEF 2019 (TFC Event) -- Aircraft/Aircraft Parts, Airport/Ground Support Eq., Aviation Services, Defense Industry Eq., Security/Safety Eq.
Location/Date: Lima, Peru 05/16/2019 - 05/17/2019
Event Summary:
SITDEF, May 16-19, 2019, hosted in Lima, Peru, is the International Technology Hall for The Defense and Prevention of Disasters, a biannual event approved by the Government of Peru and organized by the Peruvian Army, since 2007.

The purpose of SITDEF is to promote the acquisition of new technologies and scientific development in areas of interest for both the Armed Forces and Law Enforcement. Every two years, this important event, thanks to its successful trajectory and development, has become an excellent business opportunity for the most important manufacturers and producers of defense elements.

• AIRBORNE PLATFORM SYSTEM & EQUIPMENT

• TRAINING/ DESIGN CONSULTANCY

• LAND BASED PLATFORMS

• ARMS & AMMUNITIONS

• ELECTRONIC SYSTEMS

• INTERNAL SECURITY EQUIPMENT

• COMMAND, CONTROL, COMMUNICATIONS AND INFORMATION

• APPARELS

• SEA BASED PLATFORMS & EQUIPMENT

PERU'S DEFENSE SPENDING

Peru has initiated a comprehensive military modernization program that seeks to significantly update the country's current defense capabilities. Peruvian defense expenditure registered a growth rate of 39.5%, increasing from 5.4 billion Peruvian Sol -PEN- (approximately 1.6 billion US dollars) in 2011 to 7.5 billion PEN (approximately 2.2 billion US dollars) in 2015.

The ongoing modernization program, as well as the need of Peru to tackle the drug trafficking, illegal logging and illegal mining and the country's aspiration to participate in international peace keeping operations is expected to determine the defense budget in the years to come.

The Peruvian defense budget was US$2.3 billion in 2016; expenditures are anticipated to grow at a CAGR of 3.54% over the forecast period to value US$2.4 billion in 2021. The Peruvian defense budget is mainly driven by the modernization efforts to replace its aging military hardware, threats from the Shining Path separatist group, the country's participation in international peacekeeping missions, and regional security challenges.

On a cumulative basis, the country is expected to invest US$11.8 billion for defense purposes, of which US$1.6 billion is earmarked for capital expenditures to fund defense procurements. The government's well-defined military modernization plans to counter the influence of narco-terrorists, drug traffickers, human traffickers and weapon traffickers is expected to fuel procurement of defense equipment.

The MoD is expected to invest in transport aircrafts, frigates, multi-role aircrafts, training aircraft and main battle tanks (MBT) over the coming years.


Contacts:
Cesar Jochamowitz, Lima
Senior Commercial Specialist
Phone: (511) 618-2442
Cesar.Jochamowitz@trade.gov
Kathryn Dye, Fort Lauderdale
International Trade Specialist
Phone: 954-356-6621
Kathryn.Dye@trade.gov
Michael Thompson, Trade Event Programs
International Trade Specialist
Phone: 202-482-0671
Michael.Thompson@trade.gov
Pauline Piltant, P&C INTERNATIONAL LLC

Phone: 202-499-1465
p.piltant@pandci.com
Laura Villanueva, Lima
Commercial Assistant
Phone: 511 618-2297
Laura.Villanueva@trade.gov

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