Welcome to the Forecast Roundtable Podcast. Forecast Roundtable brings together expert analysts, industry professionals, and government officials to discuss the latest issues in the aerospace and defense markets. Produced at the Forecast International headquarters, Forecast Roundtable offers unique and in depth insight and discussion on any range of topics from geopolitics to aerospace and defense markets.
India’s Finance Minister Arun Jaitley unveiled the government’s fiscal year 2018 Union Budget on February 1. Included within the budget is a year-on-year nominal increase of 5.91 percent for defense. The latest outlay marks the fourth consecutive increase by the government of Prime Minister Narendra Modi and pushes India’s topline defense budget from its 2017 revised estimate of INR2.79 trillion ($43.6 billion) up to INR2.96 trillion ($46 billion) for 2018. Continue reading →
The Joint Light Tactical Vehicle is among the programs impacted by a continuing resolution. Source: U.S. Army
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 →
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 Stridsfordon 90 CV9040. Source: Wikipedia
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 →
F-35A Weapons Carriage (Lockheed Martin Photo by Matt Short)
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 →
Swiss F/A-18 Hornet. Source: Defense Industry Daily
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 →