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Reuters
Reuters
Business
Gerry Doyle

Asia's militaries hunt for smart buys amid COVID funding crunch

FILE PHOTO: F-35B Stealth Fighter Jet of U.S. Marine Fighter Attack Squadron 242 performs during the aerial display at the Singapore Airshow in Singapore, February 15, 2022. REUTERS/Caroline Chia/File Photo

Countries throughout Asia are climbing out from under the economic rubble of COVID-19 and looking for cost-effective ways to upgrade their militaries, defence companies said on the sidelines of the Singapore Airshow this week.

On the eve of the show, Indonesia said it would order 42 Dassault Rafale fighter jets in a $8.1 billion deal, making Jakarta the biggest French arms client in the region.

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