U.S. House Passes FY19 Defense Authorization Bill

by Shaun McDougall, Military Markets AnalystForecast International.

E-8C JSTARS Radar aircraft

The House Armed Services Committee wants the Air Force to restart the E-8C JSTARS Recapitalization program.
Source: U.S. Air Force

The U.S. House of Representatives recently passed its version of the FY19 defense authorization bill by a vote of 351-66.  The bill supports a Pentagon base budget of $639.1 billion, which complies with the two-year budget deal agreed upon earlier this year that amended national security spending caps in FY18 and FY19.  This base spending includes $617.1 billion for the Pentagon, $21.8 billion for nuclear programs in the Department of Energy, and $214 million for other defense-related activities.  The bill recommends $69 billion for Overseas Contingency Operations (OCO), matching the request, for a total of $708.1 billion in discretionary defense spending in FY19.  Continue reading

In Controversial Move, Mexican Senate Approves Military Operations Against Criminals

by Bill Ostrove, International Military Markets Analyst, Forecast International.

Mexico Army paratroopers

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

U.S. Defense Electronics Market to Top $135B in Next 10 Years

By Richard Sterk, Defense Electronics Analyst, Forecast International.

America’s political landscape experienced a tectonic shift with the November 8, 2016 election of Donald Trump as President of the United States.  Add to that phenomenon the Republican capture of a monopoly in the legislative branch.  The result is a configuration of power in Washington that will play a serious role in shaping the U.S. defense budget as well as the overall defense market. Continue reading