A Forecast International blog about the arms trade, geopolitics, defense and security, and military spending.
The U.S. Army has decided not to pursue a new interceptor missile to replace the venerable Patriot air defense missile, according to Maj. Gen. Frank Lozano, program executive officer for …
U.S. Army Scraps Program to Replace Patriot Interceptor Read More
The U.S. Air Force recently awarded Lockheed Martin a sole-source $3.2 billion firm-fixed-price, undefinitized contract for procurement of AGM-158B Joint Air-to-Surface Standoff (JASSM) missiles and AGM-158C Long-Range Anti-Ship Missiles (LRASM). …
Lockheed Martin Awarded $3.2 Billion USAF Missile Contract Read More
On June 13, the Senate Armed Services Committee (SASC) voted 22-3 to advance its version of the National Defense Authorization Act (NDAA) to the Senate floor. Set against a backdrop …
Senate Armed Services Committee Recommends Exceeding Defense Spending Caps by $25 Billion Read More
The House Appropriations Defense Subcommittee signed off on a draft of the FY25 defense appropriations bill this week, setting the stage for consideration by the full committee and eventually the …
Draft House Spending Bill Would Reduce Procurement, Increase Investment in Research & Development Read More
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