Over the historic period, Finnish defense expenditure registered a decline at a CAGR of 0.97%, decreasing from US$3.8 billion in 2011 to US$3.6 billion in 2015 Finland’s military expenditure, valued at US$3.9 billion in 2016, is expected to increase to US$4.5 billion by 2020, registering a CAGR of 3.31% over the forecast period Finland’s military expenditure will be driven by the military modernization initiatives, procurement of better defense systems and participation in peace keeping and perceived threat of war from Russia The Defense Ministry is expected to procure Fighters and multi-role aircraft, IT services-software, surface-air missile defense systems and land based C4ISR Browse Full Report @ http://www.researchmoz.us/future-of-the-finnish-defense-industry-market-attractiveness-competitive-landscape-and-forecasts-to-2020-report.html
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