A Forecast International blog about the arms trade, geopolitics, defense and security, and military spending.
Canadian Prime Minister Justin Trudeau announced he will step down as prime minister and leader of the Liberal Party, ending a tenure that lasted nearly a decade. Trudeau has faced …
Justin Trudeau Stepping Down as Prime Minister of Canada Read More
U.S. lawmakers released the final version of the FY25 National Defense Authorization Act (NDAA) this past Saturday, omitting a significant funding boost recommended by the Senate Armed Services Committee earlier …
Defense Authorization Bill Abandons Senate’s Proposed Topline Increase Read More
The Ukrainian military has begun using Army Tactical Missile Systems (ATACMS) for strikes inside Russia, days after the Biden administration lifted the restriction on U.S.-supplied weapons. Sources told the Financial …
Ukraine Conducts First ATACMS Strikes in Russia Read More
By Derek Bisaccio and Jon Hemler Infographics by Jorge Morejon Production of Poland’s FA-50PL fighters by Korea Aerospace Industries is ongoing. Image – Lockheed Martin On the wave of increased …
Poland’s Military Pursues a New Era of Airpower Read More
Britain’s Chancellor of the Exchequer, Rachel Reeves, has announced a £2.9 billion ($3.77 billion) hike for the defense budget in fiscal year 2025-2026. The announcement came as the chancellor presented …
Labor Government Pledges More Funding Next Year for U.K. Defense, But Hard Questions Await Read More
Outside of dynamics on the battlefield, a key question underlying the Russian invasion of Ukraine has been how well Moscow will manage its economy and finances, which influence the Kremlin’s …
Rostec Head Chemezov Warns on Russian Economy Read More
Congress is at a crossroads over the FY25 defense budget. Although the Biden administration’s FY25 budget request adhered to Fiscal Responsibility Act (FRA) spending caps, House and Senate defense committees …
Competing Visions for the Pentagon’s FY25 Budget Read More
The U.S. Army has decided not to pursue a new interceptor missile to replace the venerable Patriot air defense missile, according to Maj. Gen. Frank Lozano, program executive officer for …
U.S. Army Scraps Program to Replace Patriot Interceptor Read More
Turkish defense company Otokar announced on Friday that it has been selected to proceed with negotiations for a major sale of armored vehicles to the Romanian Army, as the eastern …
Romania Selects Otokar for Major Armored Vehicle Acquisition Read More
The U.S. Air Force recently awarded Lockheed Martin a sole-source $3.2 billion firm-fixed-price, undefinitized contract for procurement of AGM-158B Joint Air-to-Surface Standoff (JASSM) missiles and AGM-158C Long-Range Anti-Ship Missiles (LRASM). …
Lockheed Martin Awarded $3.2 Billion USAF Missile Contract Read More