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.
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 →
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 →
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 →
The standoff between China and India on the Doklam plateau hasn’t quite exploded onto the international headlines, but the situation nevertheless has great implications. These are the largest nations in Asia, and the two countries have growing – and competing – economies. Aside from Russia, India is the last remaining Asian deterrent against Chinese territorial expansion in Asia. Continue reading →
Taiwan’s ruling cabinet announced on August 17 that it has approved a fiscal year 2018 budget proposal that favors the Ministry of National Defense over all other government departments.
The FY18 budget calls for an allocation of TWD331.8 billion ($10.95 billion) toward defense, which would make this area the largest of all government expenditures at 16.7 percent of the total national budget. Continue reading →
Over the past few years, Hanwha of South Korea has transformed itself into a major defense firm. Founded during the Korean War as a gunpowder producer, the company has returned to its defense-related roots with a series of acquisitions. Continue reading →
U.S. President Donald Trump and Saudi Deputy Crown Prince and Minister of Defense Mohammed bin Salman bin Abdulaziz al-Saud walk along the West Colonnade of the White House in March 2017. (Official White House photo by Shealah Craighead)
U.S. President Donald Trump’s first 100 days saw a flurry of activity on both the domestic and foreign fronts as the new president seeks to address what he sees as the policy shortcomings of his predecessor and enact the pledges he made on the campaign trail. These efforts have at times prompted bipartisan support while at other times drawn fierce condemnation from the opposition Democratic Party and even his own Republican Party. Continue reading →
With the April 26 launch of its first indigenous aircraft carrier, China has signaled its resolve to build a first-rate navy with a global reach. China’s long-term goal of building a blue-water navy capable of extending its maritime presence beyond its immediate region continues to bear fruit. That process took a step forward with the launching in the northeastern port city of Dalian of the locally built ship. Continue reading →
Computer drawing of LHD amphibious warfare ship based on Juan Carlos class.
The Taiwanese Navy has revealed its plans for a proposed helicopter-carrying, amphibious landing helicopter dock (LHD) warship that aligns with the indigenous defense industry buildup approach being pursued by the administration of President Tsai Ing-wen. Continue reading →