A Forecast International blog about the arms trade, geopolitics, defense and security, and military spending.
On June 13, the Senate Armed Services Committee (SASC) voted 22-3 to advance its version of the National Defense Authorization Act (NDAA) to the Senate floor. Set against a backdrop …
Senate Armed Services Committee Recommends Exceeding Defense Spending Caps by $25 Billion Read More
The House Appropriations Defense Subcommittee signed off on a draft of the FY25 defense appropriations bill this week, setting the stage for consideration by the full committee and eventually the …
Draft House Spending Bill Would Reduce Procurement, Increase Investment in Research & Development Read More
The U.S. Army awarded Lockheed Martin a $1.9 billion contract modification for High Mobility Artillery Rocket Systems (HIMARS). The award, a modification of the original contract W31P4Q-24-D-0019, runs through May …
U.S. Army Awards Lockheed Martin $1.9 Billion HIMARS Contract Read More
South Korea’s Defense Acquisition Program Administration (DAPA) signed off on four weapons programs on April 26, comprising procurement of SM-3 missiles, a new air-to-air missile, frigates, and a Close-In Weapon …
South Korea Approves SM-3 Buy, Plus New Air-to-Air Missile and Fourth Batch of Frigates Read More
Aircraft and combat vehicles were among the big winners of the final FY24 defense appropriations bill, while spending on missiles and space programs saw a decline compared to the administrator’s …
Aircraft and Combat Vehicles Drive Growth in Pentagon’s FY24 Spending Bill Read More
The House passed a series of supplemental foreign aid bills over the weekend that contain $95.3 billion in funding for Ukraine, Israel, and security in the Indo-Pacific. The move ends …
House Passes Foreign Aid Bills for Ukraine, Israel, and Indo-Pacific Read More
Canada issued a new defense policy that calls for an increase in defense spending for new equipment and to bolster the military’s presence in the Arctic and abroad. However, the policy …
New Canadian Defense Policy Promises Increased Spending but Leaves Some Questions Unanswered Read More
The U.S. Navy released its latest long-range shipbuilding strategy, which outlines construction and retirement plans for the service’s fleet over the next 30 years. The strategy document encompasses two potential …
U.S. Navy Releases New Long-Range Shipbuilding Strategy Read More
A U.S. defense budget reform commission has called for sweeping changes to the Pentagon’s budget process to allow the Department of Defense to respond more rapidly to dynamic national security …
Pentagon Budget Reform Commission Calls for a More Flexible and Agile Budget Process Read More
U.S. lawmakers passed yet another stopgap spending bill that would avert a partial government shutdown this weekend. The deadline to pass a final FY24 budget was pushed to March 8 …
Congress Delays FY24 DoD Budget Again, Raising Fears of a Year-Long Continuing Resolution Read More