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According to Global Research – an independent research organisation based in Montreal – the deal, which dwarves any other military exports brokered by the Canadian Commercial Corporation (CCC), is the largest military exports contract in Canadian history.
But if, as is equally plausible, a war in the Middle East pushes up oil prices dramatically, or exports contract, or healthcare costs run out of control, Mr Thaksin will face the choice of slashing spending or allowing interest rates to rise and doing so in the run-up to parliamentary elections in 2004.
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Demand for exports contracted as well.
The industrial core is being battered by the Asian crisis: the state's exports contracted by 8.3% last year.
Orders for new exports contracted in April after rebounding in March, suggesting that external demand for China's exporters remained weak, Qu Hongbin, an HSBC economist who specializes in China, said.
Real estate values fell further, exports contracted and bankruptcies are on the rise.
Although exports contracted by 11% in 2009, they had risen by nearly 20% annually in 2007 and 2008.
The Economist points out that the trade deficit is growing: "The trade deficit hit a new peak in January 2009 as exports contracted in response to the global economic downturn while imports edged higher".
This can win or lose an export contract.
It was Australia's largest export contract ever, the company said.
At 25 billion Australian dollars ($17.9 billion), the deal represents Australia's biggest single export contract.
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