A Forecast International blog about the arms trade, geopolitics, defense and security, and military spending.
The U.S. Senate released a proposed $118 billion national security supplemental spending bill, stemming from the administration’s request last fall for new funding to support Ukraine, Israel, Taiwan, and U.S. …
U.S. Military Aid Bill Faces Hurdles in Congress Read More
The US Space Force (USSF) received a substantial boost in its 2024 budget, securing a significant 15% increase compared to Fiscal Year 2023. This $30 billion budget empowers the USSF …
Space Force’s Top Three Budget Items Read More
The U.S. and Iraqi governments have begun the process of discussing a timeline of withdrawal for the U.S. and allied military personnel stationed in the Middle Eastern nation, according to …
Iraq Withdrawal Talks Present Watershed Moment Read More
Late last month, Leonardo DRS announced the delivery of its 1,000th Solaris laser system component for the U.S. Army’s Common Infrared Countermeasures (CIRCM) anti-missile system. According to the company, the …
New Milestone Highlights Multi-Billion Dollar IR Countermeasures Program Advancement Read More
The U.S. Navy’s selection of the Italian version of FREMM for its FFG 62 Constellation class frigate program can only be described as a stunning success for Fincantieri. This decision …
FFG 62 Constellation Class Frigate Program Running Late Out the Gate Read More
A snapshot of recent news from sources around the world on the ongoing Russia-Ukraine war. Political Developments The status of Ukrainian military commander Valerii Zaluzhnyi is uncertain, after reports emerged …
This Week in the Russia-Ukraine War (February 2) Read More
On January 30, 2024, press reports indicated deliveries of the Ground-Launched Small Diameter Bomb (GLSDB) to Ukraine may commence this week. Thus far, the U.S. Department of Defense has not …
Deliveries of Ground-Launched Small Diameter Bombs to Ukraine Reportedly Imminent Read More
As part of an effort to expand its operations in Romania and Europe overall, Rheinmetall is acquiring a controlling stake in Romanian vehicle maker Automecanica Mediaș. The announcement follows an …
Rheinmetall Acquires Majority Stake In Romanian Military Vehicle Maker 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
The U.S. State Department reported that FY2023 U.S. military exports rose to a record $238 billion, up almost 16 percent from $206 billion in FY2022. The major driver in this …
Strong Global Demand Pushes U.S. Military Exports to a Record $238 Billion Read More