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
Embraer plans to conduct a flight display of three new aircraft at this year’s Paris Air Show. The Brazilian aerospace company will display its commercial E195-E2 airliner, Legacy 450 business jet, and KC-390 military multirole transport. Continue reading
The fight against drug cartels and organized crime remains the primary driver of defense spending by Mexico. Since 2006, the nation’s military has worked closely with national and local police to combat trafficking networks and organized criminal groups. As Mexico’s economy has improved and operations against drug cartels have continued, defense spending has steadily increased. Continue reading
by William Ostrove and Shaun McDougall, Forecast International Military Market Analysts
Recent reports in the Argentine press indicate that the country has plans to purchase over $2 billion worth of military equipment over the next few years. In a letter leaked to El Destape, Argentine ambassador to the U.S., Martin Lousteau, listed equipment needed by the Argentine Army and Air Force to conduct peacekeeping missions, combat terrorism, and counter illegal trafficking. The list, which would be the envy of even the best-equipped militaries, included F-16 fighter jets, Stryker armored vehicles, air surveillance radar systems, AH-1 Cobra Helicopters, UH-60 and CH-47 transport helicopters, and anti-tank weaponry. Continue reading
Defense spending in Latin America will remain strong between 2017 and 2021. While allocations will not be as high as in other regions, economies are expected to slowly improve after years of commodity price declines, giving governments more resources for defense. At the same time, governments will continue to battle violent gangs and illegal trafficking. Continue reading
Argentine Minister of Defense Julio Martinez has ruled out the purchase of supersonic fighter jets for the Argentine Air Force. The defense minister made his announcement on February 1 during an interview with Argentina’s Radio El Mundo.
Argentina has been searching for new supersonic fighter jets since it retired its Mirage IIIs in November 2015. The search has been wide-ranging, with Buenos Aires searching the world for both new and secondhand fighters. Continue reading
On December 13, Brazil’s Senate approved a constitutional amendment, effective December 15, 2016, that will cap growth of government spending. This law will have a direct effect on defense spending, limiting it for at least the next 10 years. However, with Brazil’s large defense budget (number 10 in the world), the market in that country will continue to be strong. Continue reading
By Matthew Beres, 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. Topic suggestions are welcome. Continue reading
While Brazil is a country largely at peace, it also maintains the largest defense budget in Latin America. Externally, Brazil’s military is responsible for defending the country’s territory. This became more important after Brazil discovered oil reserves off its coast, prompting investment in air and sea assets. Although Latin American countries are relatively free from conflict, the Brazilian military is still seen as a deterrent to other nations in the region. For example, many of Brazil’s current acquisition programs have been a response to Venezuelan purchases. Continue reading