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

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

NASA’s FY18 Budget Allotment Offers a Few Surprises, Though Agency is Largely Unscathed

by Bill Ostrove, Space Systems Analyst, Forecast International.

NASA’s Crew Exploration Vehicle (CEV)

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

U.S. Defense Electronics Market to Top $135B in Next 10 Years

By Richard Sterk, Defense Electronics Analyst, Forecast International.

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

A Good Water Fight Requires Research and Planning

By Richard Sterk, Naval Systems Analyst, Forecast International.

Product _0006_anti sub warfareBest 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.

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U.S. Budget Deal Provides Relief as Long-Term Uncertainty Lingers

by Shaun McDougall, Military Markets Analyst, Forecast International.

U.S. Capitol Source: Forecast International

U.S. Capitol
Source: Forecast International

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