"United States Defence & Security Report Q4 2014" Published

As of late-August 2014 much speculation is focusing on whether the United States defence budget will be re-orientated to take account of the threat from the Islamic State of Iraq and Syria (ISIS). ISIS is posing a major security risk to US allies in the Middle East, following its occupation of a considerable quantity of the northern regions of Iraq and Syria during the first six months of 2014. In mid-2014, the US commenced airstrikes against ISIS ground forces in northern Iraq. The airstrikes are thought to have been carried out in support of attempts by Kurdish Peshmerga guerrillas on the ground to roll back the occupation of Iraqi territory by ISIS.

The dramatic rise of ISIS, coupled with the ongoing crisis involving Russia and Ukraine and the serious security situation in Afghanistan, has bred speculation that US Congress will reverse anticipated defence spending cuts for 2015. The planned cuts are causing US defence manufacturers to redouble their efforts to secure defence exports, to make up for the shortfall regarding domestic orders. These efforts were particularly evident during the 2014 Farnborough Air Show in the United Kingdom which witnessed over 230 US exhibitors and a large number of high-level attendees who visited the event.

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We have given the United States a security risk rating of 91 for Q414. Overall, the country has scored on average a security risk rating of 88 for the period January 2007 until Q414. We believe that the United States faces a low risk of becoming involved in a major interstate conflict. Similarly, we believe that the United States faces a low risk of experiencing a major terrorist attack, and also of experiencing significant criminal activity.

During Q314, US relations with China experienced renewed challenges when a US Navy P-8A Poseidon maritime patrol aircraft was buzzed by a People's Liberation Army Air Force J-11B combat aircraft over the South China Sea. The interception was criticised as being dangerous by the Pentagon...

The United States Defence & Security Report features Business Monitor International (BMI)'s independent forecasts for national and international security, the defence industry, military expenditure, employment in arms production, and arms imports and exports, as well as examining industry trends and prospects, national and multinational arms producers and the regulatory environment.

BMI's United States Defence & Security Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and regional competitive intelligence on the American defence and security industry.

Key Benefits

* Benchmark BMI's independent defence and security industry forecasts on United States to test other views - a key input for successful budgetary and strategic business planning in the American defence and security market.

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