Uzbekistan

Market Overview. The Uzbek military market has grown rapidly in recent years but remains outside the purview of Western defense contractors. Measured in terms of defense spending, the Uzbek military market increased from $432 million in value in 2004 to an estimated $2.0 billion in 2014. This marks Uzbekistan as one of the fastest-growing military markets in a region noted for substantial increases in defense spending. While conservative estimates suggest only 10 to 15 percent of...