Historic Summit Has Major Implications for U.S. Military

by Shaun McDougall, Military Markets AnalystForecast International.

Source: AP Photo/Evan Vucci

The historic meeting between U.S. President Donald Trump and North Korean leader Kim
Jong-un in Singapore resulted in the signing of a joint statement that carries significant implications for relations between the two countries, and for U.S. military relations in the region.  The statement is big on ambition but short on details.  Most significantly, Kim “reaffirmed his firm and unwavering commitment to complete denuclearization of the Korean Peninsula,” the statement reads.  The two leaders also committed to establishing new diplomatic relations, while Trump committed to providing security guarantees to North Korea.        Continue reading

U.S. House Passes FY19 Defense Authorization Bill

by Shaun McDougall, Military Markets AnalystForecast International.

E-8C JSTARS Radar aircraft

The House Armed Services Committee wants the Air Force to restart the E-8C JSTARS Recapitalization program.
Source: U.S. Air Force

The U.S. House of Representatives recently passed its version of the FY19 defense authorization bill by a vote of 351-66.  The bill supports a Pentagon base budget of $639.1 billion, which complies with the two-year budget deal agreed upon earlier this year that amended national security spending caps in FY18 and FY19.  This base spending includes $617.1 billion for the Pentagon, $21.8 billion for nuclear programs in the Department of Energy, and $214 million for other defense-related activities.  The bill recommends $69 billion for Overseas Contingency Operations (OCO), matching the request, for a total of $708.1 billion in discretionary defense spending in FY19.  Continue reading

Thales: Africa’s Leading Air Traffic Management Provider

by Greg Giaquinto, Electronic Systems Analyst, Forecast International.

An Air Traffic Control Radar
Source – Pixnio

Thales remains the undisputed leader in air traffic management in Africa.  African countries are being managed by Thales’ TopSky-ATC system, which handles at least 70 percent of the region’s air traffic.  Continue reading

Hanwha Restructures Aerospace and Defense Ops to Improve Its Prospects

by Richard Pettibone, Aerospace & Defense Companies Analyst, Forecast International. 

K9 Thunder self-propelled howitzer. Source: Hanwha Land Systems

With a number of aerospace- and defense-related acquisitions now in its portfolio, Hanwha has begun restructuring itself to better serve these markets.  This latest effort marks the company’s return to its defense-related roots, echoing its formation during the Korean War as a gunpowder producer. Continue reading

Power to Our (Naval) Elbow?

by Stuart Slade, Senior Naval & Marine Power Systems Analyst, Forecast International.

LM500 Ships Service Generator. Source: GE Marine

The last decade has seen the promise of a new generation of naval weapons and sensors.  The development of railguns and lasers has caused these weapons to slowly emerge from the pages of fiction and become an impending if not quite fully realized reality.  They are directed by equally new generations of active-array radars that provide a level of range and target discrimination that enables the long-sought defense against ballistic missile attack. These new systems have a major factor in common: they are all voracious consumers of electrical power. Continue reading

Hywind: Scotland’s Revolutionary Power

by Carter Palmer, Power Systems SpecialistForecast International.

Hywind Scotland. Source: Masdar

Is there a way, especially in the United States, to harness wind power without encountering the many downsides associated with doing so? To answer that question, one must look elsewhere in the world. Continue reading

Venezuela’s Maduro Wins Second Term in Disputed Election

by Bill Ostrove, International Military Markets Analyst, Forecast International.

Venezuelan President Nicolás Maduro . Source: Wikipedia/Valter Campanato/ABr.

Venezuela’s Nicolás Maduro will serve a second term in office after winning the presidential election on May 20.  With 92 percent of voting centers reporting, Maduro has won 68 percent of the vote. His closest competitor, Henri Falcón, won only 21 percent. Continue reading

World General Aviation Aircraft Shipments Up 3% in First Quarter 2018

U.S. Manufacturers Deliver 315 Aircraft in First Quarter – Up Four Units from Q1 2017

by J. Kasper Oestergaard, European Correspondent.

Minnesota-based Cirrus Aircraft had a strong first quarter and delivered 74 of its smaller but very popular piston-engine aircraft, up 29 percent from 57 in Q1 2017. Shipments of the SR20 boasted the largest increase and more than doubled in Q1 2018. Photo Courtesy of Cirrus Design Corporation

According to the General Aviation Manufacturers Association (GAMA), in the first quarter of 2018, manufacturers reported both higher deliveries and higher revenues than in the same quarter in 2017. Fixed-wing general aviation aircraft manufacturers delivered 447 aircraft worldwide in Q1 2018, up 2.8 percent from 435 in Q1 2017. Revenues increased 3.3 percent to $3.8 billion, mainly due to higher revenues reported by Bombardier, Textron, and several smaller manufacturers. Continue reading

Merkel’s Comments Bring Germany’s Defense Budget Clash Under the Microscope

by Dan Darling, International Military Markets Analyst, Forecast International.

Following the move by U.S. President Donald Trump on May 8 to declare that the United States would withdraw from the Joint Comprehensive Plan of Action (JCPOA) Iran nuclear deal, German Chancellor Angela Merkel stated – for the second time in a year – that Europe can no longer count on the United States for its protection.  Continue reading

Airbus and Boeing Report April 2018 Commercial Aircraft Orders and Deliveries

Deliveries slow as Boeing secures major American Airlines Dreamliner order

by J. Kasper Oestergaard, European Correspondent.

On April 10, 2018, American Airlines placed an order for 47 Boeing 787 Dreamliners, including options for 28 additional aircraft. At the same time, American Airlines canceled an old US Airways order for 22 Airbus A350-900s. (Boeing illustration) (PRNewsfoto/Boeing)

Boeing and Airbus delivered 44 and 51 commercial jets in April 2018, respectively, compared to 52 and 46 deliveries during the same month last year. April is traditionally a slow month for deliveries. In 2017, Boeing delivered 763 jets (748 in 2016), in line with company expectations, while Airbus surpassed its delivery target of 700 jets by handing over 718 aircraft during 2017 (688 in 2016). Continue reading