A Forecast International blog about the arms trade, geopolitics, defense and security, and military spending.
China will raise its defense budget topline by 7.2 percent for 2024 as per a government announcement on March 5 during the second annual session of the 14th National People’s …
China Set to Increase Military Budget by 7.2 Percent Read More
South Korea’s onward march as growing global defense supplier continues apace. The latest major sale involves a $3.2 billion deal with Saudi Arabia that was signed back in November, but …
South Korea Nets Big Export Win with $3.2 Billion Air Defense System Deal with Saudi Arabia Read More
More than 12 years after disbanding its last two tank battalions and mothballing and selling off the entire Royal Netherlands Army fleet of upgraded Leopard 2A6 tanks, Dutch defense officials …
The Netherlands Hope of Resurrecting a Lost Defense Capability Faces Hurdles Read More
“War has returned to Europe. Germany and its allies once again confront a military threat. The international order is being attacked in Europe and around the world. We are experiencing …
Germany Faces Tall Task in Reversing Bundeswehr’s Decline Read More
Poland’s outgoing right-leaning Law & Justice (PiS) government placed what will likely be its last major defense order on December 1, when departing Defense Minister Mariusz Blaszczak inked a $2.6 …
Poland Orders Additional K9 Self-Propelled Howitzers as Law & Justice Party Government Nears Exit Read More
The U.S. State Department has granted approval for a potential $2.53 billion purchase by Romania of M1A2 Abrams main battle tanks. The notification of the possible government-to-government foreign military sale …
U.S. State Department Clears Romania for M1A2 Abrams Buy Read More
The Swedish government has put forth a budget bill for fiscal year 2024 (FY24) that will drive defense spending up by 30 percent year-on-year and push the country towards the …
Eying NATO Membership, Swedish Government Proposes Defense Spending Hike Read More
A government-to-government Foreign Military Sale (FMS) request by South Korea for acquisition of the F-35 combat aircraft has been approved by the U.S. State Department. Notification of the estimated $5.06 …
Republic of Korea Air Forces Get Clearance to Grow F-35 Fleet Read More
The Polish draft budget for FY24 released by the Ministry of Finance indicates a sharp year-on-year increase for the country’s defense budget. The proposed earmark reflects a rise from the …
Poland Proposes Double-Digit 2024 Budgetary Increase for Defense Read More The South Korean government has approved a Defense Ministry request to raise the topline defense budget by 4.5 percent nominally year-on-year in 2024. The government intends to submit the budget …
South Korean Government Plans 4.5 Percent Rise for 2024 Defense Budget Read More