A Forecast International blog about the arms trade, geopolitics, defense and security, and military spending.
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
Ireland’s Ministry of Defense announced a topline budget of €1.35 billion ($1.5 billion) for fiscal year 2025 on October 1. The FY25 allocation marks a €100 million ($111 million) rise …
Ireland Announces Record $1.5 Billion Defense Budget for 2025 Read More
The Dutch Ministry of Defense issued a new white paper on military development last week, urging further funding for new procurement and personnel. The paper, which follows a similar missive …
Dutch Ministry of Defense Publishes New Defense White Paper Read More
Japan’s Ministry of Defense has submitted a budget request of ¥8.54 trillion ($59.76 billion) for fiscal year 2025 (FY25). The requested total marks a 7.5 percent increase over the current …
No Going Back: Japan Continues to Hike Defense Spending Read More