Armenia’s defence sector has been allocated $386m in the 2011 draft budget, equivalent to a 3.5% increase from 2010 spending.

A total of $373m is intended for military necessities, while $12.2m has been provided for other expenditures, according to NEWS.am.

Go deeper with GlobalData

Go deeper with GlobalData

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

Armenian Defence Minister Seyran Ohanyan said the defence sector needed more financing than allocated, but will look for off-budget funds with assistance from partner states.

The joint efforts put up by the defence and finance ministries managed to pull in maximum financing for the defence sector.

Army Technology Excellence Awards - Nominations Closed

Nominations are now closed for the Army Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact across the defence sector.

Excellence in Action
SMARTSHOOTER’s SMASH AI-enabled fire control systems are turning standard rifles into precision counter drone and small arms platforms. Discover how SMASH is redefining dismounted force protection, accuracy, and ethical AI use on today’s battlefield and why it has won the Innovation award.

Discover the Impact