True, but there are other avenues to achieve the same goal, e.g., tying a large CAMM/ER order with an offset package where MBDA builds its own shop in Pakistan. This way, MBDA owns all the IP and controls it, but it uses the local economy to supply missiles to Pakistan.
Unfortunately, our wider investment environment isn't friendly: red tape, incompetency at both top and middle-layers, lack of tech absorption capacity (from dearth of public education and R&D investment), and other inefficiencies.
I'm not even talking about corruption or greed. It's straight-up incompetence. Let's take all for what it is - i.e., the military spends billions and billions on arms. OK. I doubt we're maxing the value out of every dollar, nor are we tying it to initiatives that can create output.
The Turkish defence industry is also dominated by their generals, but they're investors (via their pension foundation). They're the top board of directors, but otherwise, bureau management is all delegated down to subject matter experts from each respective field. You can imagine what the dividends look like for these generals when you post billions of defence exports each month.
Meanwhile, our leaders squabble over peanuts from our dwindling fiscal coffers, but they can't be bothered to build something big for generating real profit windfalls.
Just think of POF. Given Ukraine and the world's wider push to build ammunition stockpiles, did we take advantage of our lower labor and material costs to expand output and capture a serious share in all of these markets? No. On the contrary, India stepped into one of our traditional markets - Saudi Arabia - to sell their ammunition. However, we could have also expanded POF, maybe into multiple factories posted all over the country to both reinforce our wartime supply chain and drive exports. Imagine the jobs we could've created and, as importantly, the billions (from exports) our generals could've lined up for themselves.
Like, if you're going to do elite capture, at least do that with excellence
@Oscar @JamD