The Cirrus SR22 (piston) was the best-selling general aviation aircraft worldwide in Q1 2017 with 25 units delivered – up from 20 in Q1 2016. Photo Courtesy: Cirrus Aircraft.
According to the General Aviation Manufacturers Association (GAMA), the first quarter of 2017 showed mixed results for the industry – with several bright spots appearing. Fixed-wing general aviation aircraft manufacturers delivered 434 aircraft worldwide, up 2.8 percent from 422 in the Q1 2016. However, revenues declined as much as 10.9 percent (to $3.6 billion), due to increased competition and lower prices. Continue reading →
L3 Technologies Link UK’s modular RealitySeven Full Flight Simulator. Image: L3 Link Simulation and Training
L3 Technologies – one of the world’s most dynamic aerospace and defense firms – is not shy about moving quickly to adapt its portfolio through numerous acquisitions and divestitures. Most recently, the company has initiated some larger deals that have transformed its operations. Continue reading →
While the June 2016 Brexit vote may have been a setback for the ultimate European experiment, the results seemingly run counter to past European collaboration. Nowhere is this better illustrated than in the world of aerospace. The Eurofighter – perhaps the pinnacle of European aviation – is a testament to what the continent can do … together. Production of the aircraft is now winding down, and its ancillary, the Eurojet EJ200 gas turbine engine, is being affected. Continue reading →
China has announced its latest military spending earmark for fiscal year 2017 with a topline figure of CNY1.044 trillion ($151 billion). This amounts to about 9.4 percent more in nominal spending than in 2016, when the official defense target budget was set at CNY954.4 billion ($144 billion). Continue reading →
Navy shipbuilding is one area that is expected to see a boost under the next administration. Source: U.S. Navy
In a shock to pundits and pollsters, the U.S. political landscape took a dramatic shift with the election of businessman Donald Trump as president. Furthermore, the Republican Party managed to hold on to power in the Senate, albeit by the slimmest of margins, giving the GOP a monopoly on power in Washington. The election results portend a shift in U.S. national security policy, and growth for a defense budget that has been hindered for years by gridlock on the Hill.
On October 5, Blue Origin’s New Shepard rocket performed an in-flight test of the capsule’s full-envelope escape system, designed to quickly propel the crew capsule to safety if a problem is detected with the booster. The test flight represents the fifth launch of the booster and crew capsule. Both the booster and capsule were successfully reused after the first four launches. Continue reading →
By Bill Ostrove, Space Systems and Military Markets Analyst, and Raymond Jaworowski, Senior Aerospace Analyst, Forecast International.
Red Arrows at Farnborough. Source: Pixabay
As the Farnborough International Air Show 2016 kicks off, an exciting week is expected. Boeing will celebrate its 100th anniversary, even as the aerospace giant battles its rival for dominance in the commercial airline market. As is typical at Farnborough, a number of much anticipated aircraft debuts will occur, including that of the F-35B, KC-390, and Boeing 737 MAX. Hanging over this year’s show will be questions about Brexit, which has left businesses to deal with increased uncertainty. Continue reading →
The following is a list of the Top 200 U.S. Government Contractors in fiscal year 2015 ranked by the total amount of contract funds awarded. In FY2015, the U.S. Government awarded a total of $439.0 billion in contracts down 1.5 percent from $445.8 billion in FY2014. Of the $439 billion in total contract funds, $273.7 billion, almost 62 percent, were awarded by the Department of Defense (DoD).
And now for something a little different. Welcome to Forecast International’s first podcast, dubbed the Forecast Roundtable. Each podcast will feature several analysts discussing various aerospace and defense-related issues. Continue reading →
China plans to start launching commercial payloads on its Kuaizhou-11 launch vehicle in 2017. The Kuaizhou-11, which first launched in 2013, is a solid-fuel rocket developed by China Sanjiang Space Group (CSSG). It was originally developed as a quick-reaction launch vehicle that could carry lightweight payloads into low-Earth orbit (LEO) with short notice. Continue reading →