Brunei, with defense spending of US$437.2 million ($582 million) in 2023, is unveiling a three-pronged strategy that strengthens its Army, Air Force and Navy, according to GlobalData.Brunei Defense Market 2023-2028” report.
Focused on geopolitical complexities, modernization imperatives and counter-terrorism measures, the nation’s defense plan indicates a commitment to regional stability and economic diversification.
Brunei’s defense policy, centered on diplomacy and deterrence, responds to evolving geopolitical dynamics, especially in the South China Sea. A defense budget of $437.2 million projects a progressive path at a CAGR of 1.7%, reaching $486.2 million by 2028, according to GlobalData’s information on Brunei’s defense market. The three-power strategy includes dealing with territorial disputes, terrorism and modernization of the armed forces.
Amid disputes in the South China Sea, Brunei’s balanced approach includes maritime patrol aircraft, radar and high-speed patrol boats. Modernization efforts and alliances with the US, Singapore and Malaysia strengthen the position of the Ecuadorian countries as a player in the region. The five-power defense agreements (FPDAs) enhance regional cooperation, strengthening ties with Malaysia, Singapore, Australia and New Zealand.
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Brunei’s defense modernization focuses on technologies and quality education. Modernization of helicopters for the Air Force and initiatives such as the National Coastal Surveillance System for the Navy underscore the Southeast Asian country’s commitment to maritime security. From an economic perspective, the defense strategy aligns with diversification, reducing dependence on fossil fuels and contributing to a resilient economy.
The Ministry of Defense directs military capabilities, channels investment into modernization and counter-terrorism. Partnerships with the US, Singaporeand Malaysia influence defense procurement, while the biennial Brunei International Defense Exhibition (BRIDEX) is a global entry point for defense manufacturers.
With an acquisition budget of $128.1 million, Brunei selectively attracts foreign investors, favoring direct commercial sales for defense technology. Despite challenges such as transparency and a modest budget, the defense industry expects growth. Areas such as military fixed wing and EO/IR systems dominate, with deals such as the C-295MW procurement enhancing Brunei’s capabilities.
In navigating complexities, meeting challenges and embracing areas of growth, Brunei’s defense strategy is a testament to its commitment to regional stability and economic resilience that shapes the future of its armed forces.
Read the original at Defence247.gr