The weapons bubble and the military industry in Spain. Special Armament Programs
The military industry in Spain is largely fuelled by the demands of the Ministry of Defense, and in particular by the so-called Special Armament Programs – Programas Especiales de Armamentos (PEA). PEA were approved the first time in 1998 and since then, due to the commitments made, generated a major State debt to military industries responsible for manufacturing them, reaching to the date an estimated €15.000 million.
Both the excessive accumulated debt and the public deficit associated with the PEA require a revision of these programs. An analysis that the Centre d’Estudis per la Pau addresses in its last report, together with a detailed picture of the main enterprises that conform the military production oligopoly in Spain.
Author: Pere Ortega