Chile is collaborating with Turkey’s defense firm, Aselsan, to significantly upgrade its Leopard 2A4 main battle tanks....
South America
South America’s defense sector remains modest but is steadily modernizing. Military spending remained stable at about $53.6 billion in 2024 (~2% of the world total), led by Brazil. Argentina, Colombia, Chile, and Mexico are investing in fighter jets, naval vessels, and armored vehicles. Regional industry—especially in Brazil—is boosting indigenous production and exports.
Argentina’s air force is undergoing a significant transformation with the arrival of its first F-16 Block 10...
The U.S. Department of Justice eyes the 36 Brazilian Gripen jet deal, a significant military acquisition that...
