A Forecast International blog about the arms trade, geopolitics, defense and security, and military spending.
The South Korean government plans to trim around KRW300 billion ($245 million) from the country’s 2020 defense allocation in order to bolster its economic relief effort in light of the …
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China has announced a defense budget for 2020 that will result in a year-on-year nominal increase of 6.6 percent, the lowest such figure since the first half of the 1990s. …
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India intends to forgo a planned acquisition of 114 foreign-sourced combat aircraft in favor of more indigenous Tejas Light Combat Aircraft (LCAs). The move comes a little over two years …
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Barely two weeks after an announcement that government-to-government Foreign Military Sales (FMS) requests by the Philippines to Washington for potential buys of U.S.-sourced attack helicopters had been cleared by the …
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The Hellenic Ministry of Defense plans to lease several Heron medium-altitude long-endurance (MALE) drones from Israel for use in maritime reconnaissance and surveillance missions. The lease of three Israel Aircraft …
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The Philippines is looking to procure American-produced attack helicopters through the U.S. government-to-government Foreign Military Sales (FMS) channel, and on April 30 the State Department sent official notice of clearance …
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Back on April 14, the International Monetary Fund announced the expected when it noted that the global economy is in a tailspin as entire economies are brought to a standstill …
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Thailand becomes the latest defense spending domino to fall in Asia as governments look to shift funding priorities toward novel coronavirus (COVID-19) economic and civil relief packages. With Thailand’s economy …
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Germany’s Defense Minister Annegret Kramp-Karrenbauer announced toPparliament on April 21 the decision to split the replacement program for the Panavia Tornado combat aircraft into two platforms. The long-rumored purchase plans …
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The Norwegian government has released its Long-Term Defense Plan, which proposes to steadily increase defense investment to reach the NATO minimum goal of 2 percent of GDP by 2028. The …
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