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
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
President Donald Trump’s Fiscal Year 18 federal budget proposal – released on May 23 – includes a few surprises for NASA. While much has been made of the many cuts to social programs in the president’s budget, NASA’s funding remains largely unchanged – with a few notable exceptions. Continue reading
America’s political landscape experienced a tectonic shift with the November 8, 2016 election of Donald Trump as President of the United States. Add to that phenomenon the Republican capture of a monopoly in the legislative branch. The result is a configuration of power in Washington that will play a serious role in shaping the U.S. defense budget as well as the overall defense market. Continue reading
Best described as an umbrella-type program overseen by the U.S. Navy, the Ocean Warfighting Environment Applied Research program covers a wide variety of marginally related projects that cannot easily be fit into any one category. The importance of the work can be surmised by how much of it remains classified. The program enjoys steady funding and has an unusually high number of efforts, with the average project lasting around three years from initiation to completion.
The White House and congressional leaders announced a budget deal to increase spending limits for the Department of Defense in FY16 and FY17, but the Pentagon must still trim some fat. While the Bipartisan Budget Act of 2015 provides some semblance of stability in the near term, the legislation fails to address long-term concerns and is far from an ideal solution. Similar to the Murray-Ryan deal that provided limited relief from spending caps in FY14 and FY15, the short-term nature of the agreement places yet another round of contentious debate on the horizon. Even though the legislation establishes revised spending caps for two years, it does not guarantee a smooth budget process in FY17. Even though the Murray-Ryan deal increased available funding for FY15, the administration fought a losing battle over a $26 billion supplemental fund for the military, and the Pentagon was still forced to endure a continuing resolution for nearly three months before a final FY15 appropriations bill was signed in December. Continue reading