Forecast Roundtable – The Global Defense Spending Environment: A Look Back, a Look Forward, Part 3

 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. Continue reading

Turkmenistan’s President Snubs Central Asian Summit

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

Turkmen President Gurbanguly Berdimuhamedov at the 2014 Caspian Summit. Photo from Russian Presidency website.

On March 15, 2018, four Central Asian leaders met at an important summit in Astana, the capital of Kazakhstan, to discuss regional issues ranging from economic to environmental to security concerns. The summit featured the presidents of Kazakhstan, Kyrgyzstan, Tajikistan, and Uzbekistan, and marked a significant moment for the region, as Uzbekistan, after years of strained relations, has worked under the leadership of President Shavkat Mirziyoyev to improve his country’s ties with the other Central Asian states. Continue reading

Japan’s Pursuit of New-Generation Stealth Fighter Confronts Hurdles

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

Mitsubishi Heavy Industries F-2 Fighter

Japan’s Ministry of Defense is facing a dilemma in its quest to develop an indigenous stealth combat aircraft that would replace the Japan Air Self-Defense Force (JASDF) fleet of F-2 fighters starting around 2030. Continue reading

Forecast Roundtable – The Global Defense Spending Environment: A Look Back, a Look Forward, Part 2

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

Japan Upgrades Its E-767 AWACS

by Matthew Beres, Airborne Retrofit & Modernization Analyst, Forecast International.

Japanese AWACS. Source Japanese Air Self Defense Force

Boeing was recently awarded a $60.9 million hybrid (fixed-price-incentive-firm, firm-fixed-price, cost-plus-fixed-fee, and cost-plus-incentive-fee) contract to perform the mission computing upgrade installation and checkout on four Japanese E-767 aircraft and associated ground systems. Work will be performed in Oklahoma City, Oklahoma; San Antonio, Texas; and Seattle, Washington, and is expected to be completed by December 31, 2022. Continue reading

Russian President Signs New State Armaments Program

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

Russian President Vladimir Putin (L) meets with Defense Minister Sergei Shoigu (R) in 2015.  Source: Russian Ministry of Defense

The document detailing the new Russian State Armaments Program (SAP), covering the years 2018 to 2027, has been signed, according to Deputy Prime Minister Dmitri Rogozin, who spoke to Kommersant in an interview in late February. In this timeframe, Russia will spend over $300 billion on the procurement of new military hardware as part of an effort to equip its forces with modern systems. Continue reading

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

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

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