A Forecast International blog about the arms trade, geopolitics, defense and security, and military spending.
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
Overnight on June 23 of this year, Wagner Group commander Yevgeny Prigozhin played his hand, launching a mutiny against the Russian Ministry of Defense after months of bickering with its …
Putin Owns the Cards Read More
In June, after months of speculation, Kyiv launched its much-awaited counter-offensive against the Russian military, aiming to break the impasse that settled over the conflict through the winter and spring …
Russian Wartime Defense Spending Balloons Read More
Imagery of Near-Complete Chinese Military Naval Station in Cambodia. Image – Black Sky On July 24, BlackSky Technology, Herndon, Virginia, published a series of satellite images showing the rapid development …
China Extends Its Grasp Read More
After months of bickering with the Ministry of Defense over the course of the war in Ukraine, Wagner PMC head Yevgeny Prigozhin threw down the gauntlet over the weekend, marching …
Prigozhin Plays His Hand Read More
Russia traces the history of its arms export control system to 1953 under the Soviet Union, with this month marking the 70th anniversary of the establishment of Russia’s system of …
Russian Officials Discuss Military-Technical Cooperation Read More
New Zealand has announced its intention to provide its armed forces with an NZD748 million ($471 million) top-up of investment over a four-year period, or roughly NZD187 million ($118 million) …
Amid Retention Woes, New Zealand Scrambles to Increase Defense Spending Read More
When, in the wake of a shocking string of criminal massacres, Mexican President Felipe Calderon first deployed the Mexican armed forces to combat organized crime on the country’s streets in …
The Future of Mexican Security Sector Reform Read More
The Department of Defense has announced a new security assistance package for Ukraine worth $2.6 billion. The aid package is split up into two parts. The first is a $500 …
U.S. Announces $2.6 Billion in Security Assistance as Ukraine Prepares for Counteroffensive Read More
Confronted with a severe financial crisis, the government of Sri Lanka has announced plans to slash its armed forces over the course of the year in an effort to get …
Sri Lanka Announces Major Cut to Armed Forces Read More