Five hundred years of naval history ended in late September when the world’s last armored, gun-armed cruiser was decommissioned by the Peruvian Navy. The Navy’s long-time flagship BAP (Buque Armada Peruana) Almirante Grau lowered her flag for the last time after 45 years of service. With her departure, the world’s last warship designed primarily as a platform for her guns is gone and a line of development stretching back to the 15th century has ended. The BAP Almirante Grau was replaced as fleet flagship by BAP Montero, a Carvajal class frigate built by Servicios Industriales de la Marina (SIMA) and commissioned into the Navy in 1984. Continue reading
This blog post briefly highlights recent Airborne Retrofit & Modernization news. The Retrofit and Modernization market forecast provides comprehensive coverage of major airframe, propulsion, electronics, and armament programs for military, commercial, and civil aircraft markets. These programs are broken down into their major component categories, including a detailed quantitative data set, buttressed by greater qualitative economic updates and analyses. More in-depth news can be found in Forecast’s E-Market Alert. To the minute R&M news can also be found via the Forecast R&M twitter account, @MBeresFI. Continue reading
Forecast International is pleased to announce the launch of a newly enhanced U.S. Defense Budget Forecast database, now featuring the ability to track major program spending and identify winners and losers within every Pentagon budget request. FI’s budget database provides quick access to DoD request and forecast budget data, justification documents, congressional markups, and more. The Pentagon’s massive weapons spending plan can be sorted by value, with options for filtering programs by appropriation title (R1/P1), service, and appropriation account. Continue reading
U.S. Manufacturers Delivered 311 Aircraft in Q1 2017 – up 32 from 2016
by J. Kasper Oestergaard, European Correspondent.
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 – 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
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.
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