The first annual Global Defense Snapshot by Forecast International’s International Military Market (IMM) group indicates continued growth in the worldwide market following relatively flat investment over the course of the 2015-2016 periods. An increasingly multi-polar global security environment buffeted by healthy economies and ongoing military modernization cycles contributed to a 3.3 percent year-on-year rise in consolidated worldwide defense spending for 2017. Continue reading
by Richard Pettibone, Aerospace & Defense Companies and Bill Ostrove, Space Systems
After a difficult few years, Aerojet Rocketdyne is getting back on track. With its backlog steadily improving, the company has addressed its sales and past difficulties. Continue reading
After a summer of speculation, United Technologies Corp (UTC) and Rockwell Collins announced that they have reached a definitive agreement under which UTC will acquire Rockwell Collins in a cash and stock transaction valued at $30 billion. Continue reading
While new aircraft orders have slowed lately, the production of commercial aircraft is exceptionally vibrant. Airbus and Boeing are maintaining tremendous backlogs, and both manufacturers are ramping up production of their new fuel-efficient aircraft designs. This robust market is one that UTC Aerospace Systems is especially well positioned to capture. The combined entity offers a vast amount of product content – one-stop shopping – for commercial aircraft primes. The combination should also offer economies of scale, making product costs lower and even more attractive. Continue reading
As defense markets continue to adapt to dynamic economic and political forces, the major players continue to hold their entrenched positions.
Regional turmoil in parts of the Middle East, Europe and Asia continue to drive the need for more spending. Further, international sales for many firms are set to expand, driven by fear over the Islamic State (also known as ISIS), a more bellicose Russia, and regional pressures from China and North Korea. Continue reading
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
By Matthew Beres, Forecast International.
Welcome to the Forecast Roundtable Podcast. Forecast Roundtable brings together expert analysts, industry professionals, and government officials to discuss the latest issues in the aerospace and defense markets. Produced at the Forecast International headquarters, Forecast Roundtable offers unique and in depth insight and discussion on any range of topics from geopolitics to aerospace and defense markets. Topic suggestions are welcome. Continue reading
In spite of a market slowdown, Kaman expects aerospace and defense to be its key revenue drivers going forward. Aerospace revenues will be steady as airframers deal with massive order backlogs. The ongoing conflicts in the Middle East will continue to drive sales for fuzing products in defense.
United Aircraft Corporation is ever so slowly coming into its own. Following its formation, the firm struggled to combine the disparate entities and Russia’s aerospace industry into a cohesive whole. While the firm still has a way to go, it has made substantial progress.
With the conflict in Ukraine, UAC has pulled back on its international defense marketing to a degree – at least to new customers. Instead, the company is focusing on its nascent commercial programs, the Sukhoi Superjet 100 and the under-development Irkut MC-21.
China’s dream of becoming a major aerospace power took a step closer to becoming reality with the long-awaited rollout of the C919. This all-new narrowbody airliner is designed to compete directly against Airbus’ A320 family and Boeing’s 737.
Led by AVIC’s COMAC subsidiary, the program is now entering the difficult phase of testing, certification and delivery. It’s true that AVIC may have gained experience through the long-delayed ARJ21 regional jet program, but even Airbus, Boeing, and Bombardier have trouble keeping to aggressive schedules with all-new aircraft. Testing and certificating the C919 is going to be a long, drawn-out process, and service entry in the Chinese market is unlikely to occur until 2018 or later. Continue reading