Hanwha Restructures Aerospace and Defense Ops to Improve Its Prospects

by Richard Pettibone, Aerospace & Defense Companies Analyst, Forecast International. 

K9 Thunder self-propelled howitzer. Source: Hanwha Land Systems

With a number of aerospace- and defense-related acquisitions now in its portfolio, Hanwha has begun restructuring itself to better serve these markets.  This latest effort marks the company’s return to its defense-related roots, echoing its formation during the Korean War as a gunpowder producer. Continue reading

Unmanned Teaming in the Airborne Retrofit and Modernization Market

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

General Atomics MQ-9 Reaper. Image: USAF Photographic Archives

George Mason University was recently awarded a $25.5 million contract for the Mobile Unmanned/Manned Distributed Lethality Airborne Network (MUDLAN). Under the contract, airborne high-bandwidth, multibeam common datalink, autonomous connectivity will be demonstrated between tactical datalinks and swarming unmanned aircraft systems and small unmanned aircraft systems. Continue reading

Northrop Grumman Acquisition of Orbital ATK Strengthens Diverse Space Offerings

by Bill Ostrove, Space Systems Analyst, and Richard Pettibone, Aerospace & Defense Companies Analyst, Forecast International.

Antares launch. Source: NASA/Bill Ingalls

Behind all the sound and fury surrounding the recent UTC/Rockwell deal, Northrop Grumman quietly moved in earlier this week and scooped up rocket and missile maker Orbital ATK in a deal valued at $9.2 billion.  Under the agreement Northrop Grumman will acquire Orbital ATK for approximately $7.8 billion in cash, plus the assumption of $1.4 billion in net debt. The transaction is expected to close in the first half of 2018 and is subject to customary closing conditions, including regulatory and Orbital ATK shareholder approval. Continue reading

When Market Segments Collide

by Larry Dickerson, Missile Systems Analyst, Forecast International.

Harpoon Anti Ship Missile. Source: U.S. Navy

The anti-ship missile market is growing.  Despite this, the segment might not be around in the future.

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Forecast International Launches Improved U.S. Defense Budget Database

by Shaun McDougall, Military Markets AnalystForecast International.

Source: Forecast International’s U.S. Defense Budget Forecast

Forecast International is pleased to announce the launch of a newly enhanced U.S. Defense Budget Forecast database, now featuring the ability to track major program spending and identify winners and losers within every Pentagon budget request.  FI’s budget database provides quick access to DoD request and forecast budget data, justification documents, congressional markups, and more.  The Pentagon’s massive weapons spending plan can be sorted by value, with options for filtering programs by appropriation title (R1/P1), service, and appropriation account.       Continue reading

Hanwha Focuses on Aerospace and Defense Operations

by Richard Pettibone, Aerospace & Defense Companies Analyst, Forecast International.

K21 Infantry Fighting Vehicle. Source: Hanwha

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

Switzerland Begins Plotting Future Air Defense Solutions

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

Swiss F/A-18 Hornet. Source: Defense Industry Daily

Switzerland’s long-term air-defense plans are beginning to come into view following the unveiling by the Swiss Department of Defense, Civil Protection and Sport (DDPS) of recommendations by an expert group charged with examining the country’s combat aircraft and air defense requirements. Continue reading

Denel Taps New Markets, Seeks New Partners at Home and Abroad

by Richard Pettibone, Aerospace & Defense Companies Analyst, Forecast International.

Denel’s Rooivalk Attack Helicopter. Source: Denel

Despite some recent management troubles, Denel remains stable.  The company plays a key role in the self-sufficiency of South Africa’s defense industry, and the government will continue to support the firm with work. That said, government work has been declining of late due to tight budgets, forcing Denel to adapt. Continue reading

Homeland Missile Defenses Remain Too Limited ~ Report

Pamela Hurt, Forecast International.

GMD FTG-05 takes off in 2008 prior to a successful intercept test. Source: Missile Defense Agency

At an April 7th launch of a new report entitled, “Missile Defense 2020: Next Steps for Defending the Homeland,”[i] lead author Thomas Karako, of the Center for Strategic and International Studies, offered four types of development likely to protect the U.S. homeland most effectively in the near term. Continue reading

Poland Leaning Towards Patriot Buy But Hurdles Remain

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

Patriot launch. Source: Raytheon

On March 31, Polish Minister of Defense Antoni Macierewicz announced the submission of a revised request for information (RFI) to the U.S. government concerning the potential buy of eight Raytheon-produced Patriot air-and-missile defense batteries to fulfill the Wisla program requirement. Continue reading