Chile Defence & Security 2018
BMI View: Defence spending growth will gradually pick up from 2018, as recovering commodity prices drive copper revenues up, which will in turn allow the government to increase spending while maintaining fiscal discipline. Despite territorial disputes with Peru and Bolivia, and the ongoing dispute with the Mapuche population, the risks of a military conflict are low. Nonetheless, the government willingness to modernise its armed forces and to maintain its technological edge over neighbouring armies will continue to drive military procurement, especially in the medium to long term. The focus will be on air and ground transport equipment, which can be used for both combat and disaster relief operations, as well as high-tech defence systems, with a strong focus on the navy. Amid limited capacities of the domestic defence sector, Chile will remain highly dependent on defence imports from the US, Israel and Europe.
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