A Forecast International blog about the arms trade, geopolitics, defense and security, and military spending.
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
In attending two spring tradeshows just one week apart, — the Army Aviation Mision Solutions Summit (April 24th-26th) and Modern Day Marine (April 30th-May 2nd) — it was impossible to …
AAAA and Modern Day Marine Tradeshows Highlight Demand for UAS and C-UAS 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
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
The U.S. is facing yet another potential government shutdown at the end of the week. The government is already operating under its third continuing resolution of the year, which keeps …
Another Budget Deadline Approaches in Washington Read More
U.S. Air Force leaders unveiled an extensive effort to reshape the Air Force and Space Force to make them more competitive and capable of competing in the era of Great …
U.S. Air Force Unveils Major Changes to Outpace Future Threats Read More
To say the U.S. FY24 budget process has been tumultuous would be an understatement. In addition to the commonplace continuing resolutions that are needed to avoid shutdowns when Congress is …
A Preview of FY24 U.S. Congressional Defense Budget Negotiations Read More