Defense industry eyes growth in the Middle East.
The U.S. military might be pivoting to Asia, but American defense contractors are focused squarely on the Middle East.
Nearly $100 billion in defense sales are up for grabs in the Middle East and North Africa through 2019, along with tens of billions of dollars in services and support contracts, according to new estimates by the consulting firm Avascent. The region's largest spenders are Saudi Arabia, the United Arab Emirates, Qatar, Iraq and Algeria.
Every country in the Middle East is shopping for some type of military equipment, Theodore Karasik, director of research and consultancy at the Institute for Near East and Gulf...
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