Spain Halts, Renews Saudi Arms Deal

by Derek Bisaccio, International Military Markets Analyst, Forecast International.

Saudi Crown Prince Mohammed bin Salman (then the Deputy Crown Prince) in a 2016 meeting in Riyadh with then-U.S. Secretary of Defense Ash Carter. Source: U.S. Department of Defense.

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

The European Defense Environment: Part 2

By Matthew Beres, Forecast International.

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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. Topic suggestions are welcome.

This episode features Dan Darling, European Military Markets analyst, and Matthew Beres, Airborne Retrofit and Modernization analyst, as they continue to discuss the European Defense Environment, with an emphasis on an EU army.

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The European Defense Environment: Part 1

By Matthew Beres, Forecast International.

2podcast logo

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. Topic suggestions are welcome. Continue reading

Spain Tops-Up Defense Budget as Legacy Program Costs Linger

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

Spainish FlagSpain’s government signed off on an additional EUR856.6 million ($975+ million) in defense spending at a convening of the ruling cabinet on May 14. The top-up funding has become an annual rite as Spain continues to pay off the lingering costs of 19 major defense programs – collectively referred to as the Special Armaments Program – that date back to a previous People’s Party (PP) government led by Jose Maria Aznar (1996-2004). Of the extra funding provided, 99 percent – EUR845 million ($948+ million) – will be allocated toward payments for the Special Armaments Program.

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