Hanwha Focuses on Aerospace and Defense Operations

by Richard Pettibone, Aerospace & Defense Companies Analyst, Forecast International.

K21 Infantry Fighting Vehicle. Source: Hanwha

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

Rockwell Expands and Diversifies with B/E Aerospace Buy

by Richard Pettibone, Aerospace & Defense Companies Analyst, Forecast International.

An employee from Rockwell Collins’ new Interior Systems business building airline cabin seats at its Winston-Salem, North Carolina-based facility. Source: Rockwell Collins

With commercial aviation production continuing apace, Rockwell Collins decided it wanted a bigger slice of the pie and expanded its operations with the $8.3 billion purchase of cabin interiors specialist B/E Aerospace.   As a result, Rockwell is now an $8 billion company, employing some 30,000 people and commanding a diverse content base on a variety of commercial and business aircraft.        Continue reading

Japan Opts for More Small Ships – and a Faster Build Rate

by Dan Darling, International Military Markets Analyst, Forecast International.

Faced with a growing People’s Liberation Army Navy (PLAN) naval capacity and maritime presence in waters of the East China Sea, Japan’s government plans to accelerate, alter and expand a warship building project. Rather than continuing with a build rate of one new 5,000-ton destroyer per year, a decision was reached to shift to construction of two smaller 3,000-ton destroyers per year beginning with the launch of the fiscal year in April 2018. This will allow for an expansion of the class from four to eight ships, thus providing the Japan Maritime Self-Defense Force (JMSDF) with greater fleet capacity with which to counter the growing naval arm of the PLAN. Continue reading