Airborne Retrofit & Modernization Highlights – 7/3/17 Edition

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

This blog post briefly highlights recent Airborne Retrofit & Modernization news. More in-depth news can be found in Forecast’s E-Market Alerts. Sign up here to receive our World Aerospace and Defense Intelligence Newsletter. To the minute R&M news can also be found via the Forecast R&M twitter account, @MBeresFI. Continue reading

U.S. Navy the Clear Winner in Senate Armed Services Committee Markup

by Shaun McDougall, International Military Markets Analyst, Forecast International.

CVN 73 Carrier Strike Group (Source: US Navy)

CVN 73 Carrier Strike Group (Source: US Navy)

The U.S. Navy came out as the clear winner in the Senate Armed Services Committee’s markup of the FY16 defense authorization bill, receiving funding for additional aircraft, ships, and weapons. The results were more mixed for the Air Force and Army. The legislation, approved by the SASC on May 14 by a vote of 22 to four, supports the president’s budget request level of $612 billion for the Department of Defense and security programs in the Department of Energy. That level exceeds current defense budget caps, so the committee provides an additional $38 billion in the Overseas Contingency Operations (OCO) account, which is not subject to spending limits. This move mirrors the GOP budget resolution, as well as the House’s version of the FY16 defense policy bill.

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