Complete report is available @ http://www.rnrmarketresearch.com/future-of-the-brazilian-defense-industry-market-attractiveness-competitive-landscape-and-forecasts-to-2019-market-report.html .
Brazil which is the largest defense spender in Latin America is projected to spend US$190 billion on its armed forces during the forecast period. Defense expenditure registered a negative CAGR of -2.58% during the review period, primarily due to the recent fiscal budget cuts in 2013 as the Government aims to reduce the inflation.
