Manufacturers will produce 200 000 anti-armour missiles worth $9.7 billion through 2022, according to a new report by Forecast International.

The company said that combat operations in Iraq, Afghanistan, and elsewhere have spurred anti-armou purchases by the U.S. and other militaries. Ironically, these missiles are not engaging tanks, but rather a host of other target types – from terrorist hideouts to unarmoured pickup trucks. Established market players have benefitted from this evolving trend, according to Forecast International.

“U.S. and Israeli firms still have the largest share of the anti-armour missile market,” said Larry Dickerson, Forecast International’s senior missile analyst. During this period, “Lockheed Martin, Raytheon and Rafael will earn $2.8 billion selling anti-armour missiles to customers worldwide,” Dickerson said. […]