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

Forecast International Launches Improved U.S. Defense Budget Database

by Shaun McDougall, Military Markets AnalystForecast International.

Source: Forecast International’s U.S. Defense Budget Forecast

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

Top Contractors Hold Their Positions as Defense Spending Begins to Rise

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

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

Acquisition Programs Dominate Pentagon’s FY17 Spending Increase

 by Shaun McDougall, Military Markets AnalystForecast International.

The defense bill added a dozen Super Hornets for the U.S. Navy.
Source: U.S. Navy

The Pentagon’s FY17 budget was signed into law on May 5, more than halfway through the fiscal year.  The legislation couldn’t come soon enough, as the military has been operating under a series of three continuing resolutions that funded the department at FY16 levels.  CRs bring with them a host of difficulties, including restrictions on launching new programs, and leave many existing programs overfunded or unfunded.  The Pentagon has become quite adept at navigating CRs, which have sadly become the norm in Washington.  However, this year’s scenario was particularly troubling, as CRs in recent years haven’t lasted more than a few months. Continue reading

Reaction to White House Budget Plan Highlights a Divided Congress

 by Shaun McDougall, Military Markets AnalystForecast International.

The White House
Source: Teddy Yoshida/National Science Foundation

The White House has issued initial budget guidance to federal agencies for the 2018 fiscal year, calling for an increase in defense spending that will be offset by an equal reduction for non-defense discretionary programs.  The plan calls for $603 billion in defense spending in FY18, reflecting an increase of $54 billion, or nearly 10 percent, over the current $549 billion Budget Control Act (BCA) cap.  The topline figure applies to budget function 050, which covers the Department of Defense, defense programs within the Department of Energy, and defense-related programs in other agencies.  The Pentagon’s base budget accounts for 95 to 96 percent of function 050 spending each year, with the exact amount varying with each budget. Continue reading