Senate Passes $3.5 Trillion Budget Resolution without $50 Billion Defense Infrastructure Amendment

Senate Democrats passed a $3.5 trillion non-binding budget resolution Wednesday morning along party lines that recommends limiting defense budget growth to 2.2 percent per year over the next five years. …

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British Aerospace & Defense Company Meggitt Agrees to $8.8 Billion Takeover by Parker Hannifin

by J. Kasper Oestergaard, European Correspondent, Forecast International. On August 2, British aerospace and defense company Meggitt announced that it has accepted an offer to be acquired by Parker Hannifin, a …

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Airbus and Boeing Report Second Quarter 2021 Commercial Aircraft Orders and Deliveries

Year of Recovery Continues for Commercial Jet Makers – 737-10 Successfully Completes First Flight by J. Kasper Oestergaard, European Correspondent, Forecast International. Boeing and Airbus delivered 79 and 172 commercial jets …

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Navy warship at a pier

Biden Administration Holds Off on Navy Fleet Expansion, but Long-Term Shipbuilding Plans Remain Uncertain

President Joe Biden has not adopted a naval expansion proposed by the previous administration, but the future of the Navy fleet remains uncertain because a new long-term shipbuilding plan has …

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