A Forecast International blog about the arms trade, geopolitics, defense and security, and military spending.
DUSSELDORF — Rheinmetall AG announced robust sales growth and increased revenue for the first half of 2024. The company’s strong performance is attributed to increased orders from the German armed …
Defense Boom Drives 33% Sales Surge for Rheinmetall Read More
Hanwha Aerospace signed a contract with Romania to supply 54 K9 Self-Propelled Howitzers (SPH) and 36 K10 Ammunition Resupply Vehicles (ARV). Signed on 9th July by Hanwha Aerospace and the …
Romania Boosts Artillery Firepower with K9 Howitzers from Hanwha Aerospace Read More
In a landmark deal, Rheinmetall has been awarded the largest order in its history for military trucks by the German Armed Forces (Bundeswehr). The framework contract allows for the delivery …
Rheinmetall Lands Record EUR3.5 Billion Bundeswehr Order for Up to 6,500 Military Trucks Read More
At Eurosatory 2024, KNDS is showcasing its latest developments in main battle tank technology with the introduction of the Leopard 2 A-RC 3.0 and Leclerc Evolution. The Leopard 2 A-RC …
KNDS Unveils Leopard 2 A-RC 3.0 Main Battle Tank at Eurosatory Read More
Talks between KNDS and Leonardo have collapsed without a deal. Launched in December 2023, the discussions aimed to create a powerful European defense alliance. Initial plans, formed under the Italian …
KNDS, Leonardo Talks on European Armored Vehicle Alliance Fail Read More
Rheinmetall Ukrainian Defense Industry LLC, a joint venture between Rheinmetall and UDI, Ukraine’s state-owned defense industry, officially opened its maintenance and repair center in western Ukraine on June 10, 2024. …
Rheinmetall Ukrainian Defense Opens Military Vehicle MRO Center in Western Ukraine Read More
Türkiye has begun mass production of its first domestically-made main battle tank, the Altay, according to a top defense official’s announcement on May 29th, 2024. BMC Defense has initiated serial …
Türkiye Begins Serial Production of Altay Tank Read More
The Government of Canada has awarded a major contract to SkyAlyne, a partnership between CAE and KF Aerospace, to deliver the Future Aircrew Training (FAcT) Program. This 25-year, CAD11.2 billion …
Canada Announces $11.2 Billion Deal to Modernize Aircrew Training Under FAcT Program Read More
Indra is part of a European team developing the next generation of counter-unmanned aerial systems (C-UAS). This collaborative effort, funded by the European Union (EU) through the European Defence Industrial …
Indra Assisting Development of Next-Generation Anti-Drone Systems for Europe Read More
Leonardo’s LINAPS artillery pointing system has secured new contracts from the UK and Italian Ministries of Defence. The Italian Army is set to receive 39 LINAPS systems, specifically designed to …
Leonardo LINAPS Keep British & Italian Artillery On-Target with New Orders Read More