The U.S. Defense Department reports that Saudi Arabia has ordered the modification of two Beechcraft King Air 350 planes to fulfill an intelligence, surveillance, and reconnaissance role through a Foreign Military Sales (FMS) action. Under the $23.8 million award (FA8620-16-C-4003), Sierra Nevada of Hagerstown, Maryland, will act as the prime contractor. Continue reading
By Matthew Beres and Dan Darling, Forecast International.
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.
This episode features Daniel Darling, Jim Head, and Derek Bisaccio on the killing of journalist Jamal Khashoggi and how his death impacts Saudi Arabia’s arms imports. Continue reading
The news of the disappearance and killing of The Washington Post writer Jamal Khashoggi has put a spotlight on the United States’ relationship with Saudi Arabia, especially the close security ties between the two countries. President Donald Trump remains reluctant to address arms sales in response to the crisis. He has contended that terminating those sales would hurt the U.S. economy.[i] Congress, however, is not buying the president’s argument and may seek to force his hand, if nothing else by seeking to delay or slow down the approval process for weapons.[ii] Continue reading
Earlier in September, a curious development took place in Spanish-Saudi bilateral relations. On September 4, Spain announced that it had terminated the sale of 400 precision-guided munitions to Saudi Arabia and would return a $10.6 million payment to the Gulf nation.[i] The announcement won praise from human rights agencies, but prompted head-scratching even within the Spanish government. Speaking to Asharq Al-Awsat the day after the report emerged, the Spanish Consul to Saudi Arabia, Pablo Perez, said, “The Spanish embassy was surprised by these claims,” noting that “our ties with Saudi Arabia are fraternal and friendly.”[ii] Around a week later, Spanish Foreign Minister Josep Borrell announced a reversal, saying that the Spanish government “found no reason not to carry” the munition sale out.[iii] Continue reading
Early on June 5, a number of Arab countries announced in concert their decision to sever ties with Gulf State Qatar. The move by the four countries – Bahrain, Egypt, Saudi Arabia, and the United Arab Emirates (UAE) – came just days after a hacker group announced it would release a trove of emails purportedly belonging to the Emirati Ambassador to the United States. 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
The U.S. Defense Security Cooperation Agency announced on January 23 that the State Department had approved a possible sale to Saudi Arabia of model 74K Persistent Threat Detection System (PTDS) aerostats and related equipment. The contract would carry an estimated value of $525 million. Continue reading
Under the aegis of Ukraine’s state-owned defense conglomerate Ukroboronprom, Antonov is rapidly becoming the focal point of the country’s aviation industry.
The new ownership has not been idle with its acquisition. In June 2016, Ukroboronprom consolidated its aerospace holdings into a new Ukrainian Aircraft Corp centered on Antonov. This new group is aimed at helping the nation’s aviation industry to develop and to integrate into the global market. Further, the cluster will also help reduce redundancy in production, planning, procurement and marketing among its various operations. Perhaps most importantly, the formation of this corporation will help Ukraine sever ties with Russia’s United Aircraft Corp. Continue reading
Featuring Forecast International analysts Doug Royce, Derek Bisaccio and Daniel Darling. Edited by Matthew Beres.
Welcome to the third episode of the Forecast Roundtable podcast. Each podcast features several analysts discussing various aerospace and defense-related issues.
This week Doug Royce continues the interviews of Derek Bisaccio and Daniel Darling regarding Middle East defense cooperation and military acquisition. Matthew Beres edited.
Click the button below to download the podcast.
02:25 – How does Israel feel about the defense buildup that’s happening in the GCC?
04:27 – F-35 comments
04:32 – Israel and Turkey’s Relationship
10:22 – Defense trade between the Arab world and China. Will China be a future competitor for the U.S. and European companies?
12:05 – Will the future see greater reliance on China as an arms supplier to GCC countries?