A Forecast International blog about the arms trade, geopolitics, defense and security, and military spending.
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
The U.S. Navy has modified its Large Unmanned Surface Vessel (LUSV) acquisition plans. Last year, the service said it would begin buying two LUSVs per year starting in FY21. Those …
U.S. Navy Alters Large Unmanned Surface Vessel Plans Read More
A keel-laying ceremony was held January 16 for the first of two Canadian Joint Support Ships being built at Seaspan’s Vancouver Shipyards. The ships are being built using modular construction …
Keel-Laying Ceremony Held for First Canadian Joint Support Ship Read More
Delivery of Canada’s first Arctic and Offshore Patrol Ship (AOPS) has been delayed yet again, and is not expected to take place until the end of March. Delivery of the …
Canadian Arctic and Offshore Patrol Ship Delivery Delayed Again Read More