Lockheed Martin’s LRDR Selected for Japanese AEGIS Ashore Ballistic Missile Defense Sites

by C. Zachary Hofer, Electronic Systems Analyst, Forecast International.

Aegis Ashore installation. Source: Lockheed Martin

On July 30, the Japanese Ministry of Defense announced that it had decided to procure Lockheed Martin’s radar over rival Raytheon’s to equip two AEGIS Ashore installations. AEGIS Ashore is a U.S. military technology for land-based ballistic missile defense and early warning derived from a long-standing naval AEGIS program. Continue reading

The U.S. Defense Budget: Balancing Need Against Cost

by Greg Giaquinto, Electronic Systems Analyst, Forecast International.

According to The Guardian, President Donald Trump’s call for a major boost in U.S. military spending has been met with an uproar from opponents warning that such a policy would waste millions of taxpayer dollars.  To lend perspective on the issue, in fiscal year 2015, military spending in the United States accounted for 54 percent of all federal discretionary spending, according to the Institute for Policy Studies.  Right now the U.S. military has the ability to fight just under two world wars simultaneously.  The International Institute for Strategic Studies says the U.S. accounts for more than a third of the world’s military spending. Continue reading

Top 100 Federal Contractors FY2017

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

F-35B & F-35C in formation. Photo: Lockheed Martin

The General Services Administration’s U.S. Federal Procurement Data System – Next Generation released its annual Top 100 Federal Contractors report – Fiscal Year 2017.  The top 100 federal contractors accounted for $283 billion of the obligated dollars, up 8 percent compared to $262 billion in FY16. Lockheed Martin remains the dominant contractor with $50.7 billion (almost 10% of the obligated total), followed by Boeing with $23.4 billion (4.6% of the obligated total). Continue reading

Philippines Government Clears Ambitious Phase 2 Armed Forces Modernization Plan

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

The Philippines Department of National Defense (DoND) confirmed on June 20 that the second phase of the most recent 15-year, three-phase Armed Forces of the Philippines (AFP) Modernization Act has received approval from President Rodrigo Duterte. Continue reading

Forecast Roundtable – The Global Defense Spending Environment: A Look Back, a Look Forward, Part 4

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.

Continue reading

Forecast Roundtable – The Global Defense Spending Environment: A Look Back, a Look Forward, Part 3

 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. Continue reading

Forecast Roundtable – The Global Defense Spending Environment: A Look Back, a Look Forward, Part 2

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 Dan Darling, International Military Markets analyst, and Matthew Beres, Airborne Retrofit and Modernization analyst, as they discuss the global defense spending environment. Continue reading

Forecast Roundtable – The Global Defense Spending Environment: A Look Back, a Look Forward

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 Dan Darling, International Military Markets analyst, and Matthew Beres, Airborne Retrofit and Modernization analyst, as they discuss the global defense spending environment. Continue reading

India’s Illusory Defense Budget Hike

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

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

A Positive Half-Measure: Taiwan’s Proposed 2018 Defense Budget

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

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