IBOV 176,010.90 ▼ 0.36% IPSA 10,947.38 ▼ 0.70% IPC MEX 66,409.65 ▼ 0.18% MERVAL 3,291,246 ▲ 1.92% COLCAP 2,292.03 ▼ 0.29% BVL PERÚ 57,174.37 — — USD/BRL5.07▼ 0.14% USD/MXN17.40▲ 0.10% USD/CLP925.20▼ 0.09% USD/COP3,218▼ 1.28% USD/PEN3.39▲ 0.12% USD/ARS1,475▲ 0.32% USD/UYU40.15▲ 1.04% USD/PYG6,039▲ 1.28% USD/BOB10.65▲ 5.99% USD/DOP58.36▲ 0.10% USD/CRC447.49▲ 0.88% USD/GTQ7.62▲ 2.09% USD/HNL26.73▼ 0.01% USD/NIO36.62▲ 0.34% USD/VES725.63▲ 0.11% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.48▼ 0.01% USD/TTD6.76▲ 1.32% EUR/BRL5.82▲ 0.14% BRENT 84.35 ▼ 0.71% WTI 79.27 ▼ 0.41% IRON ORE 161.91 — — COPPER 6.38 ▲ 1.44% GOLD 4,031 ▼ 0.31% SILVER 57.31 ▲ 0.34% SOY 1,200 ▼ 0.23% CORN 468.75 ▲ 4.75% WHEAT 676.75 ▼ 0.11% COFFEE 324.50 ▼ 3.77% SUGAR 14.86 ▼ 0.13% ORANGE JUICE 140.45 ▲ 0.14% COTTON 82.13 ▲ 3.18% COCOA 5,917 ▲ 4.54% BEEF 230.13 ▼ 0.56% CATTLE 344.38 ▼ 1.27% LITHIUM 71.06 ▼ 0.73% PETR4 40.59 ▼ 0.17% VALE3 74.51 ▲ 0.68% ITUB4 43.14 ▼ 1.12% BBDC4 18.60 ▼ 0.16% ABEV3 15.57 ▼ 1.52% BBAS3 20.55 ▼ 0.19% B3SA3 15.69 ▲ 2.35% WEGE3 44.26 ▲ 0.14% PRIO3 57.50 ▼ 0.12% SUZB3 41.48 ▲ 0.90% RENT3 40.35 ▼ 0.47% AZZA3 18.66 ▼ 1.01% CSAN3 3.93 ▲ 1.03% RAIZ4 0.29 ▼ 6.45% PCAR3 2.62 ▲ 6.94% GMAT3 3.98 ▲ 0.51% PSSA3 55.22 ▲ 1.71% CVCB3 1.34 ▼ 2.90% POSI3 3.95 ▼ 1.00% SLCE3 13.50 ▼ 2.24% NATU3 8.67 ▲ 1.40% BRKM5 6.41 ▼ 6.15% RANI3 7.98 ▼ 0.37% CSNA3 5.24 ▲ 0.77% CMIN3 5.24 ▲ 2.75% USIM5 8.20 ▼ 0.36% GGBR4 24.20 ▲ 3.77% ENEV3 26.95 ▼ 0.81% CPFE3 46.83 ▼ 0.78% CMIG4 11.15 ▼ 0.45% EQTL3 40.33 ▼ 1.51% LREN3 14.10 ▼ 1.33% VIVT3 35.47 ▼ 0.14% RAIL3 14.07 ▼ 0.42% KLABIN 17.39 ▲ 0.40% RAIA DROGASIL 18.67 ▲ 0.38% RDOR3 36.01 ▼ 0.11% HAPV3 10.99 ▼ 1.79% FLRY3 16.51 ▲ 0.61% SMTO3 15.53 ▼ 3.66% UGPA3 31.10 ▲ 3.29% VBBR3 33.75 ▲ 1.35% BBSE3 40.71 ▲ 0.79% BPAC11 57.04 ▼ 1.57% CURY3 32.73 ▼ 2.56% AERI3 2.02 ▼ 2.42% VIVARA 23.52 ▲ 0.38% COMPASS 25.11 ▼ 0.36% VAMOS 3.12 ▼ 0.95% SANB11 27.00 ▼ 1.24% ASAI3 8.66 — 0.00% SBSP3 29.98 ▼ 1.19% WALMEX 49.61 ▲ 0.69% GMEXICO 200.02 ▲ 0.23% FEMSA 223.27 ▼ 2.64% CEMEX 22.64 ▲ 1.98% GFNORTE 183.98 ▼ 1.19% BIMBO 57.50 ▲ 2.02% TELEVISA 9.60 ▲ 1.16% AMX 22.80 ▼ 0.22% GAP 398.24 ▲ 0.75% ASUR 283.46 ▲ 2.85% OMA 234.61 ▼ 0.17% KOF 177.25 ▼ 1.47% GRUMA 280.76 ▲ 0.49% KIMBER 38.73 ▲ 0.75% SQM-B 66,050 ▼ 2.72% COPEC 6,126 ▼ 1.35% BSANTANDER 78.16 ▼ 0.61% FALABELLA 5,853 ▼ 0.37% ENELAM 84.80 ▼ 1.11% CENCOSUD 2,005 ▼ 1.72% CMPC 1,074 ▼ 2.63% BANCO CHILE 188.88 ▼ 0.33% LATAM AIR 25.40 ▲ 2.01% YPF 78,550 ▲ 1.00% GGAL 8,205 ▲ 3.73% PAMPA 5,240 ▲ 0.19% TXAR 668.00 ▲ 0.91% ALUAR 959.50 ▲ 1.11% TGS 9,750 ▲ 0.41% CEPU 2,344 ▲ 0.73% MIRGOR 16,975 ▲ 1.34% COME 45.63 ▼ 0.26% LOMA NEGRA 3,615 ▲ 2.34% BYMA 304.25 ▲ 1.08% TELECOM ARG 4,315 ▼ 0.40% ECOPETROL 15.98 ▼ 1.11% BANCOLOMBIA 81.55 ▼ 0.67% GRUPO AVAL 5.03 ▲ 1.62% CREDICORP 398.20 ▲ 1.52% SOUTHERN COPPER 181.54 ▼ 0.46% BUENAVENTURA 30.71 ▼ 1.03% MERCADOLIBRE 1,843 ▼ 1.64% NUBANK 13.88 ▼ 0.79% XP 16.87 — 0.00% PAGSEGURO 9.21 ▼ 0.75% STONE 11.28 ▼ 0.18% GLOBANT 31.98 ▲ 3.43% TECNOGLASS 45.67 ▲ 3.26% GAP AIRPORT 228.15 ▲ 0.97% ASUR 283.46 ▲ 2.85% OMA AIRPORT 107.90 ▲ 0.24% AMX ADR 26.11 ▼ 0.27% FEMSA ADR 128.77 ▼ 3.30% CEMEX ADR 13.07 ▲ 2.11% PETROBRAS ADR 17.86 ▼ 0.33% VALE ADR 14.67 ▲ 0.55% ITAU ADR 8.45 ▼ 1.17% SANTANDER BR 5.35 ▼ 0.74% AMBEV ADR 3.03 ▼ 1.94% CSN 1.04 ▲ 0.49% GERDAU 4.80 ▲ 4.12% LATAM ADR 54.87 ▲ 2.54% BTC 64,532 ▼ 0.28% ETH 1,917 ▲ 0.00% SOL 77.07 ▼ 0.25% XRP 1.11 ▼ 0.03% BNB 581.84 ▲ 0.30% ADA 0.16 ▼ 0.73% DOGE 0.07 — 0.00% AVAX 6.67 ▼ 0.39% LINK 8.54 ▲ 0.11% DOT 0.84 ▼ 0.76% LTC 45.08 ▼ 0.10% BCH 223.40 ▲ 0.11% TRX 0.32 — 0.00% XLM 0.19 ▲ 0.27% HBAR 0.07 ▼ 0.86% NEAR 2.05 ▼ 0.58% ATOM 1.55 ▼ 0.35% AAVE 95.38 ▼ 0.47% SELIC 14.25% EMBRAER 82.35 ▼ 0.17% EMBRAER ADR 64.90 ▼ 0.02% JBS 12.10 ▲ 2.28% JBS BDR 61.43 ▲ 2.81% MBRF3 15.40 ▼ 4.29% MBRFY 2.87 ▼ 8.60% INTER 5.62 ▼ 1.40% EGX 52,854 ▲ 0.56% USD/ZAR16.32▼ 0.04% USD/NGN 1,379 — 0.00% NIKKEI 66,836 ▼ 2.79% CSI300 4,698 ▼ 1.85% HSI 25,035 ▲ 1.43% NIFTY 24,126 ▲ 0.20% KOSPI 6,821 ▼ 6.37% JCI 6,084 ▲ 0.70% USD/JPY162.00▼ 0.11% USD/CNY6.77▼ 0.03% DAX 24,977 ▼ 0.09% CAC 8,374 ▼ 0.11% FTSE 10,475 ▼ 0.39% MIB 52,411 — 0.00% IBEX 19,320 ▲ 0.23% STOXX 642.53 ▼ 0.03% EUR/USD1.15▲ 0.08% GBP/USD 1.3537 — 0.00% SPX 7,572 ▲ 0.38% DJI 52,659 ▲ 0.29% NDX 29,503 ▼ 0.28% RUT 2,976 ▲ 0.39% TSX 35,416 ▲ 0.27% VIX 15.67 — 0.00% USD/CAD1.40▼ 0.01% US10Y 4.5450 ▼ 0.87% IBOV 176,010.90 ▼ 0.36% IPSA 10,947.38 ▼ 0.70% IPC MEX 66,409.65 ▼ 0.18% MERVAL 3,291,246 ▲ 1.92% COLCAP 2,292.03 ▼ 0.29% BVL PERÚ 57,174.37 — — USD/BRL 5.07 ▼ 0.14% USD/MXN 17.40 ▲ 0.10% USD/CLP 925.20 ▼ 0.15% USD/COP 3,218 ▼ 1.28% USD/PEN 3.39 ▲ 0.12% USD/ARS 1,475 ▲ 0.32% USD/UYU 40.15 ▲ 1.04% USD/PYG 6,039 ▲ 1.28% USD/BOB 10.65 ▲ 5.99% USD/DOP 58.36 ▲ 0.10% USD/CRC 447.49 ▲ 0.88% USD/GTQ 7.62 ▲ 2.09% USD/HNL 26.73 ▼ 0.01% USD/NIO 36.62 ▲ 0.34% USD/VES 725.63 ▲ 0.11% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.48 ▲ 0.31% USD/TTD 6.76 ▲ 1.56% EUR/BRL 5.82 ▲ 0.14% BRENT 84.35 ▼ 0.71% WTI 79.27 ▼ 0.41% IRON ORE 161.91 — — COPPER 6.38 ▲ 1.44% GOLD 4,031 ▼ 0.31% SILVER 57.31 ▲ 0.34% SOY 1,200 ▼ 0.23% CORN 468.75 ▲ 4.75% WHEAT 676.75 ▼ 0.11% COFFEE 324.50 ▼ 3.77% SUGAR 14.86 ▼ 0.13% ORANGE JUICE 140.45 ▲ 0.14% COTTON 82.13 ▲ 3.18% COCOA 5,917 ▲ 4.54% BEEF 230.13 ▼ 0.56% CATTLE 344.38 ▼ 1.27% LITHIUM 71.06 ▼ 0.73% PETR4 40.59 ▼ 0.17% VALE3 74.51 ▲ 0.68% ITUB4 43.14 ▼ 1.12% BBDC4 18.60 ▼ 0.16% ABEV3 15.57 ▼ 1.52% BBAS3 20.55 ▼ 0.19% B3SA3 15.69 ▲ 2.35% WEGE3 44.26 ▲ 0.14% PRIO3 57.50 ▼ 0.12% SUZB3 41.48 ▲ 0.90% RENT3 40.35 ▼ 0.47% AZZA3 18.66 ▼ 1.01% CSAN3 3.93 ▲ 1.03% RAIZ4 0.29 ▼ 6.45% PCAR3 2.62 ▲ 6.94% GMAT3 3.98 ▲ 0.51% PSSA3 55.22 ▲ 1.71% CVCB3 1.34 ▼ 2.90% POSI3 3.95 ▼ 1.00% SLCE3 13.50 ▼ 2.24% NATU3 8.67 ▲ 1.40% BRKM5 6.41 ▼ 6.15% RANI3 7.98 ▼ 0.37% CSNA3 5.24 ▲ 0.77% CMIN3 5.24 ▲ 2.75% USIM5 8.20 ▼ 0.36% GGBR4 24.20 ▲ 3.77% ENEV3 26.95 ▼ 0.81% CPFE3 46.83 ▼ 0.78% CMIG4 11.15 ▼ 0.45% EQTL3 40.33 ▼ 1.51% LREN3 14.10 ▼ 1.33% VIVT3 35.47 ▼ 0.14% RAIL3 14.07 ▼ 0.42% KLABIN 17.39 ▲ 0.40% RAIA DROGASIL 18.67 ▲ 0.38% RDOR3 36.01 ▼ 0.11% HAPV3 10.99 ▼ 1.79% FLRY3 16.51 ▲ 0.61% SMTO3 15.53 ▼ 3.66% UGPA3 31.10 ▲ 3.29% VBBR3 33.75 ▲ 1.35% BBSE3 40.71 ▲ 0.79% BPAC11 57.04 ▼ 1.57% CURY3 32.73 ▼ 2.56% AERI3 2.02 ▼ 2.42% VIVARA 23.52 ▲ 0.38% COMPASS 25.11 ▼ 0.36% VAMOS 3.12 ▼ 0.95% SANB11 27.00 ▼ 1.24% ASAI3 8.66 — 0.00% SBSP3 29.98 ▼ 1.19% WALMEX 49.61 ▲ 0.69% GMEXICO 200.02 ▲ 0.23% FEMSA 223.27 ▼ 2.64% CEMEX 22.64 ▲ 1.98% GFNORTE 183.98 ▼ 1.19% BIMBO 57.50 ▲ 2.02% TELEVISA 9.60 ▲ 1.16% AMX 22.80 ▼ 0.22% GAP 398.24 ▲ 0.75% ASUR 283.46 ▲ 2.85% OMA 234.61 ▼ 0.17% KOF 177.25 ▼ 1.47% GRUMA 280.76 ▲ 0.49% KIMBER 38.73 ▲ 0.75% SQM-B 66,050 ▼ 2.72% COPEC 6,126 ▼ 1.35% BSANTANDER 78.16 ▼ 0.61% FALABELLA 5,853 ▼ 0.37% ENELAM 84.80 ▼ 1.11% CENCOSUD 2,005 ▼ 1.72% CMPC 1,074 ▼ 2.63% BANCO CHILE 188.88 ▼ 0.33% LATAM AIR 25.40 ▲ 2.01% YPF 78,550 ▲ 1.00% GGAL 8,205 ▲ 3.73% PAMPA 5,240 ▲ 0.19% TXAR 668.00 ▲ 0.91% ALUAR 959.50 ▲ 1.11% TGS 9,750 ▲ 0.41% CEPU 2,344 ▲ 0.73% MIRGOR 16,975 ▲ 1.34% COME 45.63 ▼ 0.26% LOMA NEGRA 3,615 ▲ 2.34% BYMA 304.25 ▲ 1.08% TELECOM ARG 4,315 ▼ 0.40% ECOPETROL 15.98 ▼ 1.11% BANCOLOMBIA 81.55 ▼ 0.67% GRUPO AVAL 5.03 ▲ 1.62% CREDICORP 398.20 ▲ 1.52% SOUTHERN COPPER 181.54 ▼ 0.46% BUENAVENTURA 30.71 ▼ 1.03% MERCADOLIBRE 1,843 ▼ 1.64% NUBANK 13.88 ▼ 0.79% XP 16.87 — 0.00% PAGSEGURO 9.21 ▼ 0.75% STONE 11.28 ▼ 0.18% GLOBANT 31.98 ▲ 3.43% TECNOGLASS 45.67 ▲ 3.26% GAP AIRPORT 228.15 ▲ 0.97% ASUR 283.46 ▲ 2.85% OMA AIRPORT 107.90 ▲ 0.24% AMX ADR 26.11 ▼ 0.27% FEMSA ADR 128.77 ▼ 3.30% CEMEX ADR 13.07 ▲ 2.11% PETROBRAS ADR 17.86 ▼ 0.33% VALE ADR 14.67 ▲ 0.55% ITAU ADR 8.45 ▼ 1.17% SANTANDER BR 5.35 ▼ 0.74% AMBEV ADR 3.03 ▼ 1.94% CSN 1.04 ▲ 0.49% GERDAU 4.80 ▲ 4.12% LATAM ADR 54.87 ▲ 2.54% BTC 64,532 ▼ 0.28% ETH 1,917 ▲ 0.00% SOL 77.07 ▼ 0.25% XRP 1.11 ▼ 0.03% BNB 581.84 ▲ 0.30% ADA 0.16 ▼ 0.73% DOGE 0.07 — 0.00% AVAX 6.67 ▼ 0.39% LINK 8.54 ▲ 0.11% DOT 0.84 ▼ 0.76% LTC 45.08 ▼ 0.10% BCH 223.40 ▲ 0.11% TRX 0.32 — 0.00% XLM 0.19 ▲ 0.27% HBAR 0.07 ▼ 0.86% NEAR 2.05 ▼ 0.58% ATOM 1.55 ▼ 0.35% AAVE 95.38 ▼ 0.47% SELIC 14.25% EMBRAER 82.35 ▼ 0.17% EMBRAER ADR 64.90 ▼ 0.02% JBS 12.10 ▲ 2.28% JBS BDR 61.43 ▲ 2.81% MBRF3 15.40 ▼ 4.29% MBRFY 2.87 ▼ 8.60% INTER 5.62 ▼ 1.40% EGX 52,854 ▲ 0.56% USD/ZAR 16.32 ▲ 0.22% USD/NGN 1,379 — 0.00% NIKKEI 66,836 ▼ 2.79% CSI300 4,698 ▼ 1.85% HSI 25,035 ▲ 1.43% NIFTY 24,126 ▲ 0.20% KOSPI 6,821 ▼ 6.37% JCI 6,084 ▲ 0.70% USD/JPY 162.02 ▼ 0.07% USD/CNY 6.7665 ▲ 0.13% DAX 24,977 ▼ 0.09% CAC 8,374 ▼ 0.11% FTSE 10,475 ▼ 0.39% MIB 52,411 — 0.00% IBEX 19,320 ▲ 0.23% STOXX 642.53 ▼ 0.03% EUR/USD 1.1473 ▲ 0.04% GBP/USD 1.3537 — 0.00% SPX 7,572 ▲ 0.38% DJI 52,659 ▲ 0.29% NDX 29,503 ▼ 0.28% RUT 2,976 ▲ 0.39% TSX 35,416 ▲ 0.27% VIX 15.67 — 0.00% USD/CAD 1.4042 ▲ 0.04% US10Y 4.5450 ▼ 0.87%
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10 Key Military and Defense Developments in Latin America (August 8–24, 2025)

By · August 24, 2025 · 4 min read

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This report provides a concise overview of the most significant military and defense developments in Latin America for the period of August 8–24, 2025.

Ranked by geopolitical significance, based on potential impacts to global alliances, power balances, escalation risks, and strategic shifts involving major powers.

It highlights major global events—including escalating conflicts, alliance actions, and diplomatic shifts—as well as key regional updates such as multinational exercises, military modernization programs, and evolving security dynamics.

Designed for policymakers, analysts, and readers seeking a clear understanding of current defense trends, this summary delivers timely insights into the rapidly changing landscape of international security.

1. US Deploys Over 4,000 Troops to Waters Around Latin America in Anti-Cartel Push

On August 15, 2025, the US military announced the deployment of more than 4,000 Marines and sailors to the waters around Latin America and the Caribbean, including the Iwo Jima Amphibious Ready Group and 22nd Marine Expeditionary Unit, as part of an escalated effort to combat drug cartels under President Trump’s counter-cartel mission.

Summary: This tops the list for its potential to reshape hemispheric security dynamics and challenge US-Latin American relations.

By positioning advanced naval and air assets, it heightens escalation risks with regional powers like Venezuela, bolsters deterrence against transnational crime, and reinforces US-led coalitions, impacting global drug trade routes and Western Hemisphere stability.

10 Key Military and Defense Developments in Latin America (August 8–24, 2025)
10 Key Military and Defense Developments in Latin America (August 8–24, 2025)
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2. Venezuela Mobilizes 4.5 Million Militiamen in Response to US Military Deployment

On August 19, 2025, Venezuelan President Nicolás Maduro ordered the deployment of 4.5 million militiamen across the country, activating peasant and worker militias in factories and workplaces, following the US announcement of increased naval presence and a doubled reward for his arrest.

Summary: Ranked highly for exacerbating US-Venezuela tensions and risking broader regional confrontation, this move strengthens Maduro’s domestic control, escalates arms races in South America, and invites Russian or Chinese involvement, influencing energy markets and hemispheric alliances.

3. US Routes Additional Naval Forces to Southern Caribbean Against Drug Groups

On August 14, 2025, the United States ordered the deployment of air and naval forces, including P-8 spy planes, at least one warship, and an attack submarine, to the southern Caribbean Sea to address threats from Latin American drug cartels.

Summary: Critical for signaling US commitment to counter-narcotics operations, this enhances hemispheric power projection, pressures cartel networks in Colombia and Mexico, and tests alliances with regional partners, potentially straining economies reliant on trade and migration flows.

4. South Korea Expands Arms Exports with New Shipbuilding Contract in Peru

On August 21, 2025, South Korea secured a major shipbuilding contract with Peru, highlighting its growing role as a defense exporter in Latin America, with deliveries of advanced naval platforms aimed at modernizing Peruvian fleets amid regional security challenges.

Summary: Significant for diversifying Latin American arms procurement away from traditional suppliers, this bolsters South-South ties, responds to Chinese influence, and accelerates military modernization, influencing global defense markets and alliance diversification.

5. PANAMAX 2025 Concludes with Western Hemisphere Partners Demonstrating Interoperability

On August 14, 2025, the PANAMAX 2025 multinational exercise wrapped up, involving Western Hemisphere nations in intensive training focused on Panama Canal security, underwater demolition, and CBRN response, emphasizing joint operations among US and Latin American forces.

Summary: Vital for enhancing collective defense against hybrid threats in Central America, this strengthens US-Panama relations, addresses capability gaps, and promotes regional deterrence, risking local backlash but supporting freedom of navigation and hemispheric cohesion.

6. Ecuador’s Military Seizes 4.5 Tons of Drugs Near Galápagos Islands

On August 17, 2025, Ecuadorian forces conducted a major operation seizing 4.5 tons of cocaine near the Galápagos Islands, one of the country’s largest seizures of the year, amid ongoing efforts to combat drug trafficking routes.

Summary: Key for disrupting transnational crime networks and bolstering US-backed counter-narcotics initiatives, this escalates Andean tensions, supports Ecuador’s defense investments, and impacts global drug supply chains, fostering confidence in regional resilience.

7. U.S., South American Defense Leaders Discuss Regional Threats in Argentina

On August 20, 2025, US government and military officials met with top South American defense leaders in Argentina to address security challenges, including transnational threats and the integration of AI and space domains in defense strategies.

Summary: Important for reinforcing US-Latin American security partnerships, this counters Chinese and Russian influence, promotes technological burden-sharing, and reshapes strategic postures, influencing defense budgets and alliance unity.

8. Students from 13 Latin American Countries Graduate from Inter-American Air Forces Academy

On August 19, 2025, students from 13 Latin American nations and the US graduated from the Inter-American Air Forces Academy, focusing on joint training and capacity-building to enhance regional air defense cooperation.

Summary: Essential for fostering interoperability and professional military education in the Americas, this deters aerial threats, supports US-aligned coalitions, and shifts power dynamics, diversifying security partnerships amid multipolarity.

9. Continuing Promise 2025: USNS Burlington Concludes Humanitarian Mission in Latin America

Throughout August 2025, the US Navy’s USNS Burlington completed its humanitarian deployment in Latin America and the Caribbean, providing medical care, veterinary services, and infrastructure support while strengthening partnerships through health engagements.

Summary: Significant for soft power projection and regional stability, this accelerates responses to humanitarian crises, highlights intra-Latin cooperation gaps, and impacts US influence in global health security dynamics.

10. Report on Middle Eastern Defense Industries’ Links to South America Released

On August 22, 2025, a report analyzed the expanding ties between Middle Eastern defense industries and South America, including innovative strategies for market penetration and joint ventures in arms production.

Summary: Relevant for showcasing emerging multipolar defense networks, this signals new avenues for technology transfer, heightens competition with Western suppliers, and influences hemispheric autonomy in a global arms environment.

10 Key Military and Defense Developments in Latin America (August 8–24, 2025)

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