Poland’s defense allocation for fiscal year 2017 received approval from the country’s highest legislative body on January 4. The defense oversight element, the Senate National Defense Commission, remarked positively on the planned PLN37.152 billion ($9 billion) military budget, which represents a 3.4 percent year-on-year nominal increase from 2016. Continue reading
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
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
The much-neglected Serbian armed forces are in need of an equipment overhaul, and the government is betting on Russia to be its provider. The two countries have a centuries-old friendship rooted in ethnic, religious, and political ties. More importantly, Russia has stood in Serbia’s corner over such issues as the 1999 Kosovo War between the Serbia-led Federal Republic of Yugoslavia and NATO and the postwar declaration of independence by the Kosovar Albanian government in February 2008. Continue reading
In an effort to resuscitate its dilapidated and obsolete fleet of MiG-29 Fulcrum combat aircraft, the Bulgarian Defense Ministry has reached out to an unnamed Russian company (likely RSK MiG) for the acquisition of up to 10 repaired fighter engines. Continue reading
The U.S. election has been decided and, contrary to the overwhelming predictions by the establishment media and pollsters, Republican candidate Donald Trump will be the country’s next president.
The question for America’s European partners now becomes, what will happen to their relationship with the U.S. under a Trump administration? 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
Citing a draft budget document released by business daily Kommersant, a number of Russian news outlets have reported that Russia is considering cutting close to a third of its defense expenditures for 2017.
Though not final, the document suggests that Russia might reduce defense expenditures by nearly 30 percent. It is likely that the Defense Ministry will fiercely oppose the moves; a Reuters report in February of this year cited a source as saying there was “mighty opposition” from the Defense Ministry to potential procurement cuts.[i] Continue reading
After many months of speculation, Poland’s center-right Law & Justice (PiS) government has at long last opted to forgo further negotiations with Airbus regarding a PLN13.5 billion ($3.5 billion) deal to purchase 50 H225M Caracal medium-lift utility helicopters. The PiS government inherited the negotiations from its predecessor, the centrist Civic Platform (PO) government.
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.
This episode features Dan Darling, European Military Markets analyst, and Matthew Beres, Airborne Retrofit and Modernization analyst, as they continue to discuss the European Defense Environment, with an emphasis on an EU army.