The historic meeting between U.S. President Donald Trump and North Korean leader Kim
Jong-un in Singapore resulted in the signing of a joint statement that carries significant implications for relations between the two countries, and for U.S. military relations in the region. The statement is big on ambition but short on details. Most significantly, Kim “reaffirmed his firm and unwavering commitment to complete denuclearization of the Korean Peninsula,” the statement reads. The two leaders also committed to establishing new diplomatic relations, while Trump committed to providing security guarantees to North Korea. Continue reading →
K9 Thunder self-propelled howitzer. Source: Hanwha Land Systems
With a number of aerospace- and defense-related acquisitions now in its portfolio, Hanwha has begun restructuring itself to better serve these markets. This latest effort marks the company’s return to its defense-related roots, echoing its formation during the Korean War as a gunpowder producer. Continue reading →
The last decade has seen the promise of a new generation of naval weapons and sensors. The development of railguns and lasers has caused these weapons to slowly emerge from the pages of fiction and become an impending if not quite fully realized reality. They are directed by equally new generations of active-array radars that provide a level of range and target discrimination that enables the long-sought defense against ballistic missile attack. These new systems have a major factor in common: they are all voracious consumers of electrical power. Continue reading →
Following the move by U.S. President Donald Trump on May 8 to declare that the United States would withdraw from the Joint Comprehensive Plan of Action (JCPOA) Iran nuclear deal, German Chancellor Angela Merkel stated – for the second time in a year – that Europe can no longer count on the United States for its protection. Continue reading →
White House briefing on situation in Syria in April 2018, ahead of President Trump’s decision to conduct missile strikes on Syrian government positions. Official White House photo by Shealah Craighead.
Toward the end of April, French President Emmanuel Macron made a three-day state visit to the United States to meet with his American counterpart, President Donald Trump, to discuss in particular the Joint Comprehensive Plan of Action (JCPOA), commonly referred to as the Iran nuclear deal. The French president, who enjoys a productive relationship with President Trump, sought to urge his American counterpart to remain in the deal. Continue reading →
It appears that the company may have been overzealous in some of its recent expansion efforts. Some of its more recent moves, such as the acquisition of BAE Systems Land Systems South Africa (LSSA) and the formation of Denel Asia, are drawing fire from the South African government. Continue reading →
After years of stalled negotiations with Russia, the Indian Air Force (IAF) is pulling the plug on an 11-year collaborative effort to develop and produce a fifth-generation fighter that would be used by both countries. The IAF opted to walk away from the project due to lingering differences over developmental costs, technology capabilities, and other points of contention – particularly what it feels is a lack of sufficient stealth for a fifth-generation aircraft. Continue reading →
Leonardo and its U.S. subsidiary DRS Technologies are offering the T-100, a variant of the M-346 Master, for the USAF T-X trainer program. (Photo: Leonardo)
Following a difficult year into the company’s rebranding, Leonardo’s management has launched another industrial plan, dubbed Leonardo 2.0, that aims to achieve double-digit profitability over the next five years, tighten project cost control, and invest some EUR500 million ($624 million) in core technologies. This move follows lackluster results for 2017, which saw sales drop 4 percent – from EUR12.0 billion in 2016 to EUR11.5 billion in 2017. The company reported net income of EUR274 million for the year, compared to EUR507 million for 2016. Continue reading →
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.