A Forecast International blog about the arms trade, geopolitics, defense and security, and military spending.
by J. Kasper Oestergaard, European Correspondent, Forecast International. On August 2, British aerospace and defense company Meggitt announced that it has accepted an offer to be acquired by Parker Hannifin, a …
British Aerospace & Defense Company Meggitt Agrees to $8.8 Billion Takeover by Parker Hannifin Read More
Hyundai Heavy Industries’ presence in defense markets is largely centered on the production of naval warships via its Korea Shipbuilding & Offshore Engineering (KSOE) unit. Here the company is seeking to …
Hyundai Heavy Industries Facing Delays over Daewoo Shipbuilding Merger Read More
L3Harris Technologies weathered the COVID-19 crisis quite well, with sales rising 3 percent to $18.2 billion. The growth trajectory continued in the first part of 2021, and the company …
L3Harris Reaching Its Portfolio Reshaping Goals Read More
by J. Kasper Oestergaard, European Correspondent, Forecast International. For years, Croatia has been in the process of modernizing its air force by replacing older Soviet-era aircraft with both new and secondhand …
Rafale Fighter Jet Acquisition: A Major Leap Forward for the Croatian Air Force Read More
by J. Kasper Oestergaard, European Correspondent, Forecast International. According to a government report submitted to the German parliament, new European partners are expected to join the Franco-German Main Ground Combat System …
Main Ground Combat System (MGCS) – Status and Path Forward Read More
The overall market for civil aircraft retrofit and modernization is, of course, directly tied to capacity. The COVID-19 pandemic has challenged the airline industry in ways it has never been …
Civil Retrofit & Modernization Recovery Led by Cargo Conversions Read More
by J. Kasper Oestergaard, European Correspondent, Forecast International. In a scathing March 14 report released by the U.K. Parliament’s Defence Committee, the British Army’s armored fighting vehicle capability is called deplorable, …
Scathing Report on the British Army’s Armored Fighting Vehicle Capability: ‘Deplorable, Obsolescent and Outgunned’ Read More
With Aero Vodochody successfully refocused on its training aircraft operations, owner Penta decided the time was ripe to divest. In mid-2020, a joint venture firm led by Hungarian businessman Andras …
Aero Vodochody Continues Trainer Focus Under New Owners Read More
The following is a list of the Top 100 U.S. Department of Defense prime contractors in fiscal year 2020 ranked by total contract funds awarded. In FY20, the DoD awarded …
Top 100 Defense Contractors 2020 Read More
A little over a year into the COVID-19 pandemic, the aviation industry remains under pressure – a status that is likely to linger for some time to come. Air traffic, …
MTU Aero Engines Sees MRO Recovery In 2021 Read More