Forecast International has just released its 2017 launch vehicle year in review. The 12-page document provides a broad overview of the 90 launches conducted in 2017.
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
Boeing Wins by Deliveries as Airbus Takes Orders Crown in Wild Year-End Finish
by J. Kasper Oestergaard, European Correspondent.
Boeing and Airbus delivered a record 83 and 127 commercial jets in December 2017, respectively, compared to 67 and 111 during the same month last year. In all of 2017, Boeing delivered 763 jets (748 in 2016) in line with company expectations, while Airbus surpassed its delivery target of 700 jets by handing over 718 aircraft during 2017 (688 in 2016). Continue reading
Aselsan, one of Turkey’s largest defense electronics companies, has formed a business partnership with Rocketsan and defense industry research development institute TUBITAK SAGE to develop a national long-range defense system for Turkey. The news was delivered on Tuesday, January 16 to Turkey’s Borsa Istanbul (BIST) stock exchange. Aselsan said that under the agreement, its share of the contracts would be TRY869 million ($227 million) and EUR279.3 million ($342 million), and that deliveries would be completed in 2021. Continue reading
Like a finely tuned machine, MTU Aero Engines continues to steadily motor on. While the order boom in civil aviation has subsided from its record run, MTU Aero Engines has increased production not only to meet current demand, but also to provide for future maintenance, repair, and overhaul (MRO) opportunities. 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
Having expanded too fast in the recent past, Triumph Group is in the midst of rationalizing its operations in order to get back on track. Under CEO Dan Crowley, Triumph is following its “One Triumph” initiative that aims to transform the company into a more nimble and responsive supplier.
In a 71 to 34 vote, the Mexican Senate approved the Internal Security Law, which gives the Mexican armed forces a legal framework to conduct internal security operations. Proponents of the law say it will give the military the ability to support police in combating criminal networks that have hurt Mexico, while opponents believe it will lead to increased human rights abuses. Continue reading
By Richard Pettibone and Ray Jaworowski, Analysts, Forecast International.
Boeing and Embraer have confirmed that the two companies are engaged in discussions regarding a potential combination, the basis of which remains under discussion. While an outright acquisition is unlikely due to Brazilian government fears of outright foreign ownership, some form of joint venture is likely. Continue reading