Defence industry is growing in the world

Defense industry is high-tech to keep up with challenges of a changing in world that requires advanced weapons and new strategies to maintain peace and stability in the hostile. At the same time, the defense industry of World contributes to the scientific, technical, industrial and economic development of the nation of training and employing thousands citizen. BISE Lahore 10^th Class Result 2013 Investment in defense products are a good deal for the companies, their investors and the taxpayers of World to ensure the economic, political, and national security of the country against internal and external threats.

There are no multinational ABBs, SmithKline Beechams or Unilever in the defense industry, or even the IBMs BPS or Nissan, based in one country, BISE Gujranwala Board Matric Result 2013 but the global pandemic. Defence companies around the world remain resolutely national. All they have at home: their executives, their factories, even more of their shareholders.

Governments continue to promote "national champions" by banning takeovers by foreign firms and protect domestic market from imports. They insist that national security is threatened. Some of their concerns clear. Foreign companies may allow sensitive military technologies can be developed at great expense to the state treasury, to run into the wrong hands.

Governments may also want to retain the ability to make certain kinds of weapons, so that, in a crisis, they can be assured of supply, the British still remember that the Belgians will not sell them missiles during the Gulf War. But this argument does not wear thin, BISE Gujranwala SSC Result 2013 now that no country, not even mighty America can afford to develop all their weapons (and their components) at home. As the country's military structure of NATO has agreed to trust each other armed forces in time of war, it makes sense for them to trust each other to supply weapons as well.

Some of the politicians, who cause national security or simply reflect pandering to popular sentiment. Defence industry as well as currency may develop into a national symbol of masculinity. American generals have been heard to say that it would not be right just to buy basic weapons systems from abroad. Raw feeders such policies often intensifies emotions defense contractors are always keen to point out how many jobs will be lost if the foreign company has won a contract, keep it tight on the ears of many politicians.

Despite all this, the economic necessity begins to wear isolationism in the industry, forcing companies how to compete and cooperate across borders. Since the end of the Cold War, defense budgets sharply drastically. BISE Gujranwala Board 10^th Class Result 2013 International Institute of Strategic Studies believes World military spending reached $ 811 billion in 1996 is the lowest since 1966 and 40% below their peak in 1987. In the same year, the military industry employed 17.5 million people directly (or indirectly many others), and by 1995 this figure reached 11.1. America now spends half the procurement of arms, as it was ten years ago. Main markets are shrinking, but are more competitive in export markets.

Slowly but surely, the defense industry is becoming like any other. With advancements in weapons due to commercial technologies, such as digital communications and microelectronics is now more Spin-off of the civilian economy in defense than a spin-off from it. Weapons plants and research laboratories less cut off from the core of the economy than they used to be. To save money, the ministries of defense contractors make use of cheaper, BISE Multan Board Matric Result 2013 available commercial components instead of a specially designed military, and this means that defense companies have more foreign subcontractors. Boeing believes it can succeed in the defense with the use of technologies, practices and, in particular, cost-culture consciousness that he developed in the civil aerospace industry. Defense contractors accustomed to the idea that the most important thing in the arms of a performance. It was fine when the Soviet Union was rattling his saber and the Pentagon did not seem too concerned about the weapons programs are usually captured their budgets. But the program for "Fighter Joint Strike" (JSF) shows how much U.S. defense philosophy is changing.

In these days of NATO country is unlikely to wage war alone. Its troops, whether it be peace or security of Europe, there will often be part of the coalition, and joint military efforts are likely to run smoothly if the army is involved to use the same or compatible equipment. Multan Board SSC Result 2013 NATO generals do not want every country to make its own tank or a missile defense system. Outside of NATO and international arms cooperation can help to strengthen political ties. America hopes the partnership its defense companies in Japan, South Korea and Taiwan will strengthen its alliances with these countries.