Utilizing data from its innovative Platinum Forecast System® 3.1, Forecast International projects that a total of 1,610 light military rotorcraft will be produced during the 15-year period from 2017 through 2031. The value of this production is estimated at $22.2 billion in constant 2017 U.S. dollars. In general, we define a military rotorcraft as light when it has a maximum gross weight of less than 6,804 kilograms (15,000 lb). Continue reading
CTT Systems recently received an order from Eurowings to retrofit its Zonal Drying System on 25 A319 aircraft. The retrofit’s big draw is that it reduces an aircraft’s weight by preventing water accumulation in the fuselage. The weight of just one B737/A320 can be reduced by up to 200-300 kilograms. Continue reading
Commander of U.S. Naval Air Forces Vice Adm. Mike Shoemaker spoke about naval aircraft readiness at the 61st annual Tailhook Convention in Reno, Nevada, in September. He stated that international commitments and budget constraints are making it difficult to meet aviation readiness standards. He added, however, that the FY17 U.S. defense budget has $1 billion earmarked for naval aviation readiness – part of a slow push in the right direction. Continue reading
President Trump and congressional leaders reached an agreement that will keep the U.S. government operating at FY17 funding levels through mid-December. The continuing resolution (CR), part of a broader legislative package that also included a three-month increase to the debt ceiling and nearly $8 billion in hurricane relief funding, was signed into law on September 8. Republicans had been pushing for a longer extension to the debt ceiling, but the agreement sets up critical votes on both the budget and the debt ceiling in December. Continue reading
The U.S. State Department has approved the sale of 18 F/A-18E/F Super Hornets and associated equipment to Canada as part of a potential deal worth $5.23 billion, according to a September 12 announcement from the U.S. Defense Security Cooperation Agency (DSCA). The announcement outlines the potential sale of 10 F/A-18Es, eight F/A-18Fs, eight F414-GE-400 engine spares, APG-79 radars, 100 AIM-9X-2 Sidewinder Block II missiles, 30 AIM-9X-2 Sidewinder Block II Captive Air Training Missiles, and eight AIM-9X-2 Sidewinder Block II Special Air Training Missiles, as well as additional avionics and electronics. Continue reading
The decision to use the LPD-17 design as the baseline for the LX(R) has opened up a major discussion on the future size and composition of the U.S. Navy amphibious warfare fleet. This decision resulted from the Navy’s determination that the Ingalls Shipbuilding production line for LPD-17s is now working so efficiently that another ship could be ordered to bridge the gap between LPD-17 construction and the start of the LX(R) program. As a result, lawmakers provided $1.8 billion for LPD-29, the 13th ship in the class, in the fiscal year 2017 spending plan.
Taiwan’s ruling cabinet announced on August 17 that it has approved a fiscal year 2018 budget proposal that favors the Ministry of National Defense over all other government departments.
The FY18 budget calls for an allocation of TWD331.8 billion ($10.95 billion) toward defense, which would make this area the largest of all government expenditures at 16.7 percent of the total national budget. Continue reading
Sweden’s minority government and political opposition Alliance bloc have agreed to a new defense deal that will provide SEK8.1 billion ($1 billion) in additional funding for the country’s broad security needs over the upcoming three-year period through 2020. The agreement bolsters spending on the Swedish military (which will receive SEK6.8 billion – or $841 million – worth of the additional funding) and civil defense (SEK1.3 billion, or $160 million). Continue reading
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