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
by Edward Nebinger, Forecast International.
Recent reports of significant layoffs by Boeing have proven to be of little concern to Wall Street investors, who shrugged those actions off as an efficiency move. Not only that, Boeing stock rose dramatically to a new high last week, and during a two-day period jumped 28 points, sending the Dow Jones Average to a new all-time high. Continue reading
As defense markets continue to adapt to dynamic economic and political forces, the major players continue to hold their entrenched positions.
Regional turmoil in parts of the Middle East, Europe and Asia continue to drive the need for more spending. Further, international sales for many firms are set to expand, driven by fear over the Islamic State (also known as ISIS), a more bellicose Russia, and regional pressures from China and North Korea. Continue reading
After years of talk with little to show for it, the governments of Europe are finally moving forward with long-held cooperative defense ambitions through the auspices of the European Union. The announcement by the EU on June 7 of a European Defense Industrial Program co-financed by members to the tune of EUR500-EUR590 million annually through 2020, thereafter growing to EUR1-EUR1.5 billion annually, marks the launch of an effort to bring commonality and unity to an otherwise fragmented market. Continue reading
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
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
President Donald Trump’s Fiscal Year 18 federal budget proposal – released on May 23 – includes a few surprises for NASA. While much has been made of the many cuts to social programs in the president’s budget, NASA’s funding remains largely unchanged – with a few notable exceptions. Continue reading
The Pentagon’s FY17 budget was signed into law on May 5, more than halfway through the fiscal year. The legislation couldn’t come soon enough, as the military has been operating under a series of three continuing resolutions that funded the department at FY16 levels. CRs bring with them a host of difficulties, including restrictions on launching new programs, and leave many existing programs overfunded or unfunded. The Pentagon has become quite adept at navigating CRs, which have sadly become the norm in Washington. However, this year’s scenario was particularly troubling, as CRs in recent years haven’t lasted more than a few months. Continue reading
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
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