A Forecast International blog about the arms trade, geopolitics, defense and security, and military spending.
The Department of Defense once again finds itself operating at reduced funding levels due to a continuing resolution (CR) enacted at the start of the 2024 fiscal year. A CR …
U.S. Navy Shipbuilding Programs Impacted by Continuing Resolution Read More
So far this year, four defense committees in Congress have put their own unique spin on the FY23 defense budget while taking the administration’s request and other funding recommendations into …
How FY23 Defense Legislation Will Impact DoD Acquisition Programs Read More
Chief of Naval Operations Adm. Michael Gilday released a public version of his 2022 Navigation Plan (NAVPLAN) that includes details of the Navy’s desire for a fleet of 373 battle …
New Details Emerge about U.S. Navy’s Desired Fleet Size Read More
U.S. shipbuilding spending is about to drastically increase, with a projected budget of $30.1 billion for the next five years as opposed to the $24.1 billion spent in the past …
U.S. Shipbuilding Budget Exceeds $30 Billion Read More
President Joe Biden has not adopted a naval expansion proposed by the previous administration, but the future of the Navy fleet remains uncertain because a new long-term shipbuilding plan has …
Biden Administration Holds Off on Navy Fleet Expansion, but Long-Term Shipbuilding Plans Remain Uncertain 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
The White House has announced that its FY22 budget request will seek $753 billion for national defense, a 1.7 percent increase over the FY21 enacted level. That figure includes the …
White House Proposes $715 Billion Defense Budget for FY22 Read More
The U.S. Navy has released the long-awaited update to its 30-year shipbuilding plan. The public release of the strategy document was delayed early this year when then-Defense Secretary Mark Esper …
Washington Releases Lame-Duck Shipbuilding Plan that Requires $45 Billion in Offsets Read More
The race was too close to call on election day, but former Vice President Joe Biden has unseated incumbent Donald Trump in the presidential election, multiple news outlets are reporting. …
How the Biden Win Impacts Defense Read More
U.S. Defense Secretary Mark Esper outlined plans to build a Navy fleet consisting of over 500 manned and unmanned ships by 2045. The planned fleet features a larger submarine component, …
Esper Charts Course for Future Navy Fleet Read More