April 26, 2007 - Conclusions from Vector's U.S. Military Ground Vehicle Armor Forecast.
Vector Strategy, Inc. has released their newest report for the armor industry, their 2007 U.S. Military Ground Vehicle Armor Forecast. The forecast is available for immediate purchase and shipment.
"This forecast provides the market intelligence our clients need to confirm their business plans and understand the military ground vehicle armor market," says Marcia Price, president of Vector Strategy.
Conclusions from Vector's US Military Ground Vehicle Armor Forecast:
- Military ground vehicle armor procurement in FY07 is 159% the level of procurement in FY06 (including base and supplemental budgets now under consideration by Congress).
- Armor procurement in FY08 will be 64% greater than that procured in FY06.
- FY07 and FY08 military ground vehicle armor procurement is sharply driven by large increases in supplemental funding for force protection and equipment reset.
- Armor procurement in FY09 will be 20% greater than that procured in FY06.
- Vector projects that FY10 to FY13 armor procurement will decline slightly from FY09 levels, but still remain a substantial market for industry participants.
- 39% of total military ground vehicle armor procurement funds armor for light tactical vehicles such as HMMWV's in FY07; medium and heavy tactical vehicles represent 27% of total armor procurement; ASV's, MRAP, and other mine protected vehicles account for 10% of armor spending in FY07; and combat vehicles, such as the Stryker, Bradley, and Abrams, account for 24% of FY07 armor procurement.
- Vector forecasts additional armor procurement for FY09 to FY13 (above the DoD's base budget for those years) to address the Congressional Budget Office's (CBO) assumption that U.S. military personnel will be deployed in contingency operations at approximately 25% that of current levels through 2013, to fund additional sustainment of combat vehicles, to provide applique armor to increase the protection level of mine protected vehicles, and fund JLTV armor procurement.
The forecast is an analysis of the U.S. military ground vehicle armor procurement and production rates for FY05 to FY13. Combat wheeled and tracked vehicles, as well as all tactical vehicles are addressed in this report. Vehicle requirements from all U.S. military departments and defense agencies are included.
The forecast provides full descriptions of vehicle armor programs, including history of the vehicle and armor program, planned upgrades, publicly available armor design elements, and related contractors and suppliers.
About Vector Strategy, Inc. Vector Strategy, Inc. is a private company based in Orlando, Florida that offers reports, publications, and other market research services to the military armor industry. Vector Strategy helps companies stay abreast of technology trends, government procurement, market size and growth, industry players, supply chain issues, and other intelligence that business executives need to make informed decisions and build effective strategic plans.
For more information contact Vector Strategy at 407-532-7365.
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