Forecast Roundtable – The Global Defense Spending Environment: A Look Back, a Look Forward

By Matthew Beres and Dan Darling, 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.

This episode features Dan Darling, International Military Markets analyst, and Matthew Beres, Airborne Retrofit and Modernization analyst, as they discuss the global defense spending environment. Continue reading

NASA Finally Sets a Direction Under President Trump, But Will Its Plans Make It Through Congress?

by Bill Ostrove, Space Systems Analyst, Forecast International.

This artist rendering shows an aerial view of the liftoff of the 70-metric-ton (77-ton) lift capacity configuration SLS from the launchpad. Funding for the SLS will continue. Source: NASA

America’s preeminent space agency is proposing a major change in focus for FY19. Along with the rest of the federal government, NASA released its fiscal year 2019 budget request on February 13. While NASA’s budget faced few changes in President Donald Trump’s FY18 budget request, for FY19 NASA is looking to shift its priorities and thereby change how its funding is spent. Continue reading

India’s Illusory Defense Budget Hike

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

India’s Finance Minister Arun Jaitley unveiled the government’s fiscal year 2018 Union Budget on February 1. Included within the budget is a year-on-year nominal increase of 5.91 percent for defense. The latest outlay marks the fourth consecutive increase by the government of Prime Minister Narendra Modi and pushes India’s topline defense budget from its 2017 revised estimate of INR2.79 trillion ($43.6 billion) up to INR2.96 trillion ($46 billion) for 2018. Continue reading

Recapping Global Defense Spending for 2017, Eyeing Future Growth

by FI’s International Military Markets Group.

The first annual Global Defense Snapshot by Forecast International’s International Military Market (IMM) group indicates continued growth in the worldwide market following relatively flat investment over the course of the 2015-2016 periods. An increasingly multi-polar global security environment buffeted by healthy economies and ongoing military modernization cycles contributed to a 3.3 percent year-on-year rise in consolidated worldwide defense spending for 2017. Continue reading

Turkey’s Aselsan to Develop National Long-Range Defense System

by C. Zachary Hofer, Electronic Systems Analyst, Forecast International.

Aselsan’s short- to medium-range KALKAN air defense radar. Source – Aselsan

Aselsan, one of Turkey’s largest defense electronics companies, has formed a business partnership with Rocketsan and defense industry research development institute TUBITAK SAGE to develop a national long-range defense system for Turkey. The news was delivered on Tuesday, January 16 to Turkey’s Borsa Istanbul (BIST) stock exchange.  Aselsan said that under the agreement, its share of the contracts would be TRY869 million ($227 million) and EUR279.3 million ($342 million), and that deliveries would be completed in 2021. Continue reading

Another Tender, Another Failure as India Seeks to Reboot Its Minesweeper Project

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

Kangnam Minesweeper.  Source – Kangnam Corporation.

The Indian Navy’s pressing requirement for modern mine countermeasures vessels (MCMVs) continues to take a back seat to bureaucratic bungling, “Make in India” industrial offset requirements, and pushback from South Korean shipbuilder Kangnam. Continue reading

In Controversial Move, Mexican Senate Approves Military Operations Against Criminals

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

Mexico Army paratroopers

In a 71 to 34 vote, the Mexican Senate approved the Internal Security Law, which gives the Mexican armed forces a legal framework to conduct internal security operations. Proponents of the law say it will give the military the ability to support police in combating criminal networks that have hurt Mexico, while opponents believe it will lead to increased human rights abuses. Continue reading

Uzbekistan Aims to Boost Its Military Capabilities

by Derek Bisaccio, International Military Markets Analyst, Forecast International.

Uzbek President Shavkat Mirziyoyev. Photo by Yolkin Shamsiddinov/uza.uz

Since the death last year of Uzbekistan President Islam Karimov, Uzbekistan has made headlines as its new president, Shavkat Mirziyoyev, seeks to reform much of the country by liberalizing the economy, improving the country’s human rights image, and smoothing relations with neighbors in Central Asia. While many observers of the country have been cautious about raising expectations of real reform, given structural constraints, Uzbekistan has released numerous prisoners, removed individuals from a “black list,” and signaled a willingness to end the practice of using forced labor in cotton production. President Mirziyoyev has made a point of engaging with neighboring countries, especially Kyrgyzstan, over disputed topics, such as border delineation and water usage. Continue reading

UAE’s Potential Mirage 2000-9 Upgrade Expected to Include RDY-3 Radar and TALIOS Pod

by C. Zachary Hofer, Electronic Systems Analyst, Forecast International.

A Mirage 2000 fighter from the United Arab Emirates. Source: USAF

During Dubai Airshow 2017, held from November 12-16, Thales and the UAE armed forces announced their intention to sign a contract to modernize the UAE Air Force’s Dassault Mirage 2000-9 fighter jets.  Under the potential contract, Thales would upgrade the Mirages’ complete electronics package, including mission computers; fire control radars; electronic warfare suites; optronics systems; communications, navigation, and identification systems; cockpit displays; and helmet-mounted displays. Continue reading

As Fighter Pressures Mount, Bulgaria Seeks Offer from Boeing for Super Hornet

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

F/A-18 Super Hornet

As Bulgaria prepares to relaunch a tender seeking new combat aircraft to replace its Air Force’s small inventory of 1980s-vintage MiG-29 Fulcrum fighters, Defense Minister Krasimir Karakachanov has indicated via state-run radio that his ministry will be requesting an offer from Boeing for its F/A-18 Super Hornet jet fighter. Continue reading