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 →
With the April 26 launch of its first indigenous aircraft carrier, China has signaled its resolve to build a first-rate navy with a global reach. China’s long-term goal of building a blue-water navy capable of extending its maritime presence beyond its immediate region continues to bear fruit. That process took a step forward with the launching in the northeastern port city of Dalian of the locally built ship. Continue reading →
China has announced its latest military spending earmark for fiscal year 2017 with a topline figure of CNY1.044 trillion ($151 billion). This amounts to about 9.4 percent more in nominal spending than in 2016, when the official defense target budget was set at CNY954.4 billion ($144 billion). Continue reading →
Computer drawing of LHD amphibious warfare ship based on Juan Carlos class.
The Taiwanese Navy has revealed its plans for a proposed helicopter-carrying, amphibious landing helicopter dock (LHD) warship that aligns with the indigenous defense industry buildup approach being pursued by the administration of President Tsai Ing-wen. Continue reading →
China’s Comac rolled-out its new C919 airliner on November 2. [Photo: Comac]
As China continues to refine its aviation dreams, Aviation Industry Corporation of China (AVIC) remains at the forefront. The company leads that nation’s drive to become a major aerospace power. As such, it has been subject to numerous changes throughout the years. Most recently, the government has borrowed a page from Western corporate practices and begun to focus the firm on its core operations in airframe manufacturing. Continue reading →
Marking a new step in military cooperation between China and Malaysia, Malaysia’s Prime Minister Najib Razak has announced that his country will be purchasing “at least” four naval ships from China tailored for missions in littoral waters. Continue reading →
Although business jet production is unlikely to match the skyrocketing output seen in the mid-2000s any time soon, Forecast International’s Platinum Forecast System®shows that a total of 13,252 business jets will be produced during the 15-year period from 2016 through 2030. The value of this production is estimated at a staggering $360 billion in FY16 U.S. dollars. Continue reading →
COMAC’s ARJ21-700 program delivered its second aircraft to launch customer Chengdu Airlines in October 2016. The company delivered the airline’s first aircraft in November 2015, but it did not enter service until the following June. A slow ramp-up in production will follow as COMAC works with operators to resolve problems that are bound to crop up after an aircraft enters service. Continue reading →
In its recently updated “The Market for Strike Missiles” analysis, Forecast International notes the steadily increasing use of precision-guided munitions in military operations. During Operation Desert Storm, PGMs made up only 10 percent of the total air-launched weapons used. The figure increased to 31 percent after the United States launched Operation Iraqi Freedom (2003). The use of PGMs reached a pinnacle during NATO’s air campaign over Libya in 2011: 100 percent of the munitions expended were precision guided. Continue reading →
Welcome to the Forecast Roundtable podcast. Each podcast features several analysts discussing various aerospace and defense-related issues.
This week’s podcast continues the discussion between Huma Siddiqui Senior Correspondent for New Delhi’s Financial Express and Dan Darling Europe/Asia Military Markets Analyst for Forecast International discussing India’s defense environment. Continue reading →