Recentreports 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. Thelist, 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 →
The guided-missile destroyer USS Porter (DDG 78) launches a Tomahawk missile (U.S. Navy photo by Mass Communication Specialist 3rd Class Ford Williams/Released)
Early on April 7, 2017, the United States Navy conducted Tomahawk missile strikes on al-Shayrat airbase in Homs, Syria, in retaliation for an alleged chemical weapons attack earlier in the week on Khan Sheikhoun, in opposition-controlled Idlib. The strikes mark the first time the United States has deliberately targeted the Syrian military since an uprising began in 2011. Continue reading →
V-280 Concept for Future Vertical Lift (FVL). Source: Bell Helicopter
Forecast International’s Platinum Forecast System 3.1 indicates that a total of 6,175 medium/heavy military rotorcraft will be produced during the 15-year period from 2017 through 2031. The value of this production is estimated at $158.4 billion (in FY17 dollars). We define a medium/heavy military rotorcraft as one having a gross weight of at least 6,804 kilograms (15,000 lb). Continue reading →
America’s political landscape experienced a tectonic shift with the November 8, 2016 election of Donald Trump as President of the United States. Add to that phenomenon the Republican capture of a monopoly in the legislative branch. The result is a configuration of power in Washington that will play a serious role in shaping the U.S. defense budget as well as the overall defense market. Continue reading →
The White House Source: Teddy Yoshida/National Science Foundation
The White House has issued initial budget guidance to federal agencies for the 2018 fiscal year, calling for an increase in defense spending that will be offset by an equal reduction for non-defense discretionary programs. The plan calls for $603 billion in defense spending in FY18, reflecting an increase of $54 billion, or nearly 10 percent, over the current $549 billion Budget Control Act (BCA) cap. The topline figure applies to budget function 050, which covers the Department of Defense, defense programs within the Department of Energy, and defense-related programs in other agencies. The Pentagon’s base budget accounts for 95 to 96 percent of function 050 spending each year, with the exact amount varying with each budget. Continue reading →
U.S. Defense Secretary Jim Mattis released a memo on January 31 providing initial guidance for strengthening the armed forces through an FY17 budget amendment, the FY18 budget request, and the FY19-FY23 Future Years Defense Program. The memo is a direct response to a memorandum on rebuilding the U.S. armed forces, released by the president on January 27. Mattis outlines a three-phase approach: improve warfighter readiness; achieve program balance by addressing pressing shortfalls; and build a larger, more capable, and more lethal joint force. Those objectives are centered around the completion of the FY17 budget process, and the release of the next two budget requests.
Strykers on the way to the Raptor Fury training exercise Source: U.S. Army
The U.S. Army has released a pair of unfunded priorities lists for FY17 and FY18 calling for $26.5 billion in additional spending. The documents serve as wish lists for items not contained within existing budget plans. The FY17 portion is a revision of a list released in March 2016, and supports end-strength increases contained in the FY17 defense authorization bill. Continue reading →
The U.S. House and Senate have signed off on an FY17 defense policy bill that would halt ongoing end strength reductions, but the legislation does not include a House proposal to shift billions of dollars to bolster procurement programs. The bill, which cleared the House on December 2 (375-34) and the Senate on December 8 (92-7), authorizes $543.4 billion in base spending for the Department of Defense and nuclear functions within the Department of Energy, plus $67.8 billion for Overseas Contingency Operations. The latter includes $8.3 billion set aside for base budget requirements, comprising $5.1 billion requested by the administration and $3.2 billion added by lawmakers for additional troops. The bill also includes funding to pay for a November 2016 supplemental budget request submitted by the White House that contained $5.8 billion for operations in Iraq, Afghanistan, and Europe. The supplemental contained $529.9 million in additional acquisition funding. 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. Topic suggestions are welcome. Continue reading →
The following is a list of the Top 200 U.S. Government Contractors in fiscal year 2015 ranked by the total amount of contract funds awarded. In FY2015, the U.S. Government awarded a total of $439.0 billion in contracts down 1.5 percent from $445.8 billion in FY2014. Of the $439 billion in total contract funds, $273.7 billion, almost 62 percent, were awarded by the Department of Defense (DoD).