Al-Khalid, Type 98 and T-90 Continue to Dominate World Tank Market

T-90

From Defense Talk:

NEWTOWN, Conn: In its annual analysis “The Market for Tanks,” the Forecast International Weapons Group projects that the international market will produce over 6,500 main battle tanks, worth in excess of $26.76 billion, through 2018. However, while increased modernization and retrofit remains transparent to FI’s analysis of new-production tanks, this factor remains a significant component of the international market.

Dean Lockwood, weapons systems analyst at Forecast International, notes that “in 2008, U.S. Department of Defense contract awards for the maintenance, RESET, and upgrade of the existing M1 Abrams inventories carried a total value in excess of $1.46 billion. That was equivalent to more than 46 percent of the total value of all new-production main battle tanks entering the international market in 2008 (nearly $3.17 billion). Last year, the Chinese Type 98 program maintained its position as the single largest new-production program. Yet, with a total value of $395.79 million (for 116 new-production tanks), the Type 98 program was worth only about 27.11 percent what the U.S. DoD spent on the M1 Abrams in 2008.”

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