This chapter discusses developing (non-high income) states' participation in the production and trade of parts or whole units of major conventional weapons, their integration into a transnationalized global arms industry, and the underlying industrial prerequisites that make that participation...

Countries that spend scarce resources to import arms from abroad often require arms sellers to 'reinvest' part or all of the proceeds back into the arms-importing country. These so-called 'arms trade offsets' are therefore thought to enhance domestic economic development. But does this process...

Using long-run trend data for US tactical and bomber aircraft, Norman Augustine’s Law 16 famously suggests continuously rising US armament unit costs. By the year 2054, the country’s entire defence budget would be expended on a single aircraft, which an industry colleague dubbed as the...