MTU Aero Engines Ramps Up New Engine Production

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

Pratt & Whitney PW1000G

MTU Aero Engine is well positioned for years of solid profitability, thanks to the healthy status of its commercial engine production operations and an increasing emphasis on MRO activities.  Business remains brisk in both these sectors. Continue reading

Indian Navy’s Quest for New Minehunters Mired on Shoals of Indigenization Pressures

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

Kangnam mine countermeasures vessel

The Indian Navy’s long-standing quest for a new-build, modern class of mine countermeasures vessels (MCMVs) continues to flounder amid government demands regarding technology transfer and indigenization. A $5 billion project to build 12 MCMVs through state-owned Goa Shipyard Ltd is currently stalled as South Korea’s Kangnam Corporation balks at the Indian Ministry of Defence requirement for transfer of complete intellectual property rights of the ships. Continue reading

A350-1000’s Maiden Flight Completes Trent’s Trio of XWB-Powered Platforms

by Carter Palmer, Power Systems Specialist, Forecast International.

The new Airbus A350 XWB, with nearly 50 aircraft currently in service, has just received an addition to the family. After its maiden flight in late November, 2016, the A350-1000 is seeking to make its mark in the aviation world. The flight was a triumph for both Airbus and Rolls-Royce, whose engines exclusively power this particular range of aircraft. The Trent, a well-known name in aviation, is used aboard Boeing and Airbus aircraft. Continue reading

Launch Vehicles: Year in Review 2016

Recent Decline Continued, but Stage Set for Renewed Activity in 2017

Atlas V Launch

by Bill Ostrove, Space Systems Analyst, Forecast International.

The year 2016 saw 85 launches into Earth orbit  (this count excludes the Falcon 9 that exploded in September, since the explosion occurred during the pre-launch phase). Launches were carried out by nine countries, utilizing 22 different launch vehicle families, built by 13 different manufacturers or organizations. Continue reading

Kazakhstan Plays Mediator for Middle East Conflicts

 by Derek Bisaccio, Military Markets Analyst, Forecast International.

Kazakh President Nursultan Nazarbayev and Russian President Vladimir Putin,
at a recent CSTO meeting in St. Petersburg.
Source: Russian Presidency website

Starting with the decision in the mid-1990s to relinquish its inherited nuclear arsenal, Kazakhstan has maneuvered itself on the international stage as a responsible global player. That decision, which saw Kazakhstan return Soviet nuclear weapons to Russia after the collapse of the Soviet Union, may have been made for a number of reasons, but Astana regularly points to it as an indicator of Kazakhstan being a positive international force. Continue reading

Sukhoi Builds on Initial Success

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

Sukhoi Superjet 100

As the primary foundation upon which Russia’s United Aircraft Corp has been built, Sukhoi remains the strongest of the Russian manufacturers.  The company’s success is due to two programs: one civil aircraft, the Sukhoi Superjet 100; and one military, the Su-35 fighter. Continue reading

Estonia Earmarks 2.2 Percent of GDP for Defense under 2017 Budget

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

Flag of Estonia

Under the Estonian government’s 2017 budget, recently has passed by the Parliament, topline defense spending will reach a record high. The FY17 state budget will see government expenditures climb by 7.6 percent year-on-year, with defense receiving a 5.8 percent boost to bring military spending up to EUR477 million ($498 million). More importantly, the uptick in military-related spending will increase the defense budget to 2.2 percent of GDP – above the symbolic 2 percent of GDP minimum threshold required of its members by the NATO Alliance.  Continue reading

Operation Tomodachi Underscores Need for a New Surface Warship Radiation Detector

by Richard Sterk, Electronic Systems Analyst, Forecast International.

radiation

Operation Tomodachi, the U.S. mission that provided disaster relief to Japan following the earthquake and tsunami in 2011, attached newfound significance to the need to update the radiation detection devices that equip surface warships.

Continue reading

Brazil’s Budget Spending Limit Amendment to Cut into Defense Spending

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

brazil-flag-small

On December 13, Brazil’s Senate approved a constitutional amendment, effective December 15, 2016, that will cap growth of government spending. This law will have a direct effect on defense spending, limiting it for at least the next 10 years.  However, with Brazil’s large defense budget (number 10 in the world), the market in that country will continue to be strong. Continue reading

Solar Turbines – A Top I&M Market Performer

by Carter Palmer, Power Systems Specialist, Forecast International.

Source: Solar Turbines

Source: Solar Turbines

From its beginnings in pre-Depression America, Solar Turbines –  a Caterpillar company based in San Diego – has grown to command a top spot in the gas and steam turbines market.  Whether for industrial or marine applications, gas and steam turbines occupy a vast market, but just four manufacturers will account for more than 75 percent of the I&M market in the coming fifteen year period (2016-2030). The situation is different in terms of unit production –  where turbine size is a major factor in the number of units produced. Continue reading