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
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
Over the past few years, Hanwha of South Korea has transformed itself into a major defense firm. Founded during the Korean War as a gunpowder producer, the company has returned to its defense-related roots with a series of acquisitions. 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
“The Federation preserves our identity and enhances our capabilities. It is a strong shield for protecting the security and stability of the Arabian Gulf Region.” – Sheikh Khalifa bin Zayed al-Nahyan, President of the United Arab Emirates and Emir of Abu Dhabi
Amid the instability in the Middle East that followed the 2010 and 2011 protest movements, as well as a perceived vacuum as the United States asserts a desire to extricate itself from Middle Eastern conflicts, the United Arab Emirates (UAE) has seen a growing need to put its military to use securing regional interests. Continue reading
U.S. President Donald Trump’s first 100 days saw a flurry of activity on both the domestic and foreign fronts as the new president seeks to address what he sees as the policy shortcomings of his predecessor and enact the pledges he made on the campaign trail. These efforts have at times prompted bipartisan support while at other times drawn fierce condemnation from the opposition Democratic Party and even his own Republican Party. Continue reading
Pamela Hurt, Forecast International.
A day after meeting with President Trump at the White House, NATO head Jens Stoltenberg discussed the unique challenges of a time when the line between peace and war is increasingly unclear.
“Before, it was easy to distinguish whether it was war or peace,” the Secretary General stated, during a talk on Thursday, at George Washington University. Now “there is a much more blurred line between peace and war,” he said, observing that in past conflicts, war occurred in identifiable geographical areas, and within defined periods of time.
That clarity is now often absent.
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