Hanwha Focuses on Aerospace and Defense Operations

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

K21 Infantry Fighting Vehicle. Source: Hanwha

Over the past few years, Hanwha of South Korea has transformed itself into a major defense firm.  Founded during the Korean War as a gunpowder producer, the company has returned to its defense-related roots with a series of acquisitions. Continue reading

Steam Turbines Adapt to the Changing Power-Generating Landscape

by Carter Palmer, Power Systems Specialist, Forecast International.

Steam Turbine Production at LMZ.

Steam turbines have been the cornerstone of electrical power production since the late 19th century. Found to be more efficient than reciprocating engines, the steam turbine helped usher in a modern age. Utilizing steam gives the turbine flexibility in the fuel used to produce that steam. Anything that can burn is basically a candidate; however, lately the fuels themselves have become questionable. Countries around the world have been struggling to mitigate the burning of potentially eco-unfriendly fuels to create energy. So what is to become of the highly efficient steam turbine? Continue reading

Forecast International Predicts $4.15 Trillion Large Jetliner Market Over 15 Years

by Ray Jaworowski, Senior Aerospace Analyst, Forecast International.

Boeing and China Aircraft Leasing Group (CALC) announced an order for 50 737 MAX airplanes at the 2017 Paris Air Show. Source: Boeing

According to projections from Forecast International’s Platinum Forecast System® 3.1, a total of 26,210 large commercial jetliners will be produced in the 15-year period from 2017 through 2031.  The value of this production is estimated at $4.15 trillion in constant 2017 U.S. dollars. Continue reading

General Electric to Dominate Industrial Power Market

By Stuart Slade, Gas Turbine Systems Analyst, Forecast International.

Industrial & Marine Gas and Steam Turbines Market Share. Source: FI’s Platinum Forecast System

According to FI’s Platinum Forecast System, GE has clearly moved into the dominant world position in the production of industrial & marine gas and steam turbines.  As shown in the pie chart, GE Energy, with plants in Cincinnati (Ohio), Erie (Pennsylvania), Schenectady (New York), and Atlanta (Georgia), will capture 33.76 percent of the world market, valued at over $113.6 billion, during the 2017-2031 period.  In addition, subsidiaries in France, Italy, and Japan will contribute about 3 percent of production, bringing the overall share of GE up to almost 37 percent of the world market.   Continue reading

Airbus, Boeing Report May 2017 Commercial Aircraft Orders and Deliveries

Airbus Orders Picking Up Pace as Boeing Delivers First 737 MAX

by J. Kasper Oestergaard, European Correspondent.

On May 16, 2017, Boeing delivered its newest narrowbody jet, the 737 MAX 8, to Malaysia-based Malindo Air (Batik Air Malaysia), which will be the first customer to put the MAX into commercial service.
Photo Courtesy The Boeing Company

Boeing and Airbus delivered 56 and 60 commercial jets in May 2017, respectively, compared to 71 and 57 during the same month last year. This year to date, Boeing has delivered 277 jets (301 at the same time last year), while Airbus has delivered 242 jets (234 in 2016). In 2016, Boeing delivered 748 jets (762 in 2015), in line with company expectations, while Airbus surpassed its delivery target of 650 jets by handing over 688 jets during 2016 (635 in 2015). Continue reading

EMP Threat Not Just a Hollywood Trope

By Richard Sterk, Defense Electronics Analyst, Forecast International.

Electromagnetic Pulse (EMP). Source: US Army

The post-apocalyptic effects of an electromagnetic pulse (EMP) are no longer just a plot device in the latest Hollywood techno-thriller. The threat to the global grid is very real and very serious. EMP threats encompass not only weapons of mass destruction or threats from terrorist groups and criminal organizations, but also natural threats such as a geomagnetic storm on the sun that sends huge solar flares in the direction of Earth. Continue reading

Switzerland Begins Plotting Future Air Defense Solutions

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

Swiss F/A-18 Hornet. Source: Defense Industry Daily

Switzerland’s long-term air-defense plans are beginning to come into view following the unveiling by the Swiss Department of Defense, Civil Protection and Sport (DDPS) of recommendations by an expert group charged with examining the country’s combat aircraft and air defense requirements. Continue reading

Headwinds are Building Against Future Growth in Mexican Defense Spending

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

Mexico Army paratroopers. Image: Wikipedia.

The fight against drug cartels and organized crime remains the primary driver of defense spending by Mexico. Since 2006, the nation’s military has worked closely with national and local police to combat trafficking networks and organized criminal groups.  As Mexico’s economy has improved and operations against drug cartels have continued, defense spending has steadily increased. Continue reading

Who Will Power the T-X Trainer? Play the Percentages

by Carter Palmer, Power Systems Specialist, Forecast International.

Boeing/Saab T-X Trainer. Source – Boeing

The T-X competition is receiving a lot of attention in the aviation world. Such a lucrative contract—350 aircraft and further orders likely—promises a heated contest, with the triumphs and upsets a competition of this scale brings. The contending entrants are impressive and include both clean-sheet and current production models. While the designers – Boeing/Saab, Lockheed Martin/KAI, Leonardo, Sierra Nevada/TAI, and Stavatti – prepare for the impending battle, it’s worth a look at the engines that will power the aircraft. Continue reading

Rockwell Expands and Diversifies with B/E Aerospace Buy

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

An employee from Rockwell Collins’ new Interior Systems business building airline cabin seats at its Winston-Salem, North Carolina-based facility. Source: Rockwell Collins

With commercial aviation production continuing apace, Rockwell Collins decided it wanted a bigger slice of the pie and expanded its operations with the $8.3 billion purchase of cabin interiors specialist B/E Aerospace.   As a result, Rockwell is now an $8 billion company, employing some 30,000 people and commanding a diverse content base on a variety of commercial and business aircraft.        Continue reading