A Forecast International blog about the arms trade, geopolitics, defense and security, and military spending.
The U.S. Army awarded Lockheed Martin a $1.9 billion contract modification for High Mobility Artillery Rocket Systems (HIMARS). The award, a modification of the original contract W31P4Q-24-D-0019, runs through May …
U.S. Army Awards Lockheed Martin $1.9 Billion HIMARS Contract Read More
The House passed a series of supplemental foreign aid bills over the weekend that contain $95.3 billion in funding for Ukraine, Israel, and security in the Indo-Pacific. The move ends …
House Passes Foreign Aid Bills for Ukraine, Israel, and Indo-Pacific Read More
The U.S. Navy released its latest long-range shipbuilding strategy, which outlines construction and retirement plans for the service’s fleet over the next 30 years. The strategy document encompasses two potential …
U.S. Navy Releases New Long-Range Shipbuilding Strategy Read More
A U.S. defense budget reform commission has called for sweeping changes to the Pentagon’s budget process to allow the Department of Defense to respond more rapidly to dynamic national security …
Pentagon Budget Reform Commission Calls for a More Flexible and Agile Budget Process Read More
U.S. lawmakers passed yet another stopgap spending bill that would avert a partial government shutdown this weekend. The deadline to pass a final FY24 budget was pushed to March 8 …
Congress Delays FY24 DoD Budget Again, Raising Fears of a Year-Long Continuing Resolution Read More
U.S. Air Force leaders unveiled an extensive effort to reshape the Air Force and Space Force to make them more competitive and capable of competing in the era of Great …
U.S. Air Force Unveils Major Changes to Outpace Future Threats Read More
The Chairman of the Joint Chiefs of Staff has warned Congress of the damage a full-year continuing resolution would have on the U.S. military. The military has been operating at …
Joint Chiefs Chairman Urges Congress to Avoid a Full-Year Continuing Resolution Read More
Falcon 9 launches the GPS III Space Vehicle 05 mission from Space Launch Complex 40 at Cape Canaveral Space Force Station, Florida, June 17, 2021. The Space Force finds itself …
Space Force Faces Disruptions Under Stopgap Spending Bill Read More
The White House is seeking $24 billion in additional funding to support Ukraine for the first few months of the 2024 fiscal year. That funding is part of a broader …
White House Requests $13.1 Billion in New Military Aid for Ukraine Read More
U.S. Congressional defense committees have been hard at work marking up their versions of FY24 defense legislation. Thus far, we’ve seen drafts released from the House Armed Services Committee and …
FY24 Congressional Budget Markup Process in Full Swing Read More