A Forecast International blog about the arms trade, geopolitics, defense and security, and military spending.
The German Bundeswehr will be getting a much-needed injection of funding in 2019 following approval for the spending hike in parliament on November 9. Under the budget that was passed …
Germany’s Parliament Green-Lights Defense Spending Hike for 2019 Read More In a symbolic exorcising of its Bofors Scandal ghost, the Indian Army received the first three of its eventual 145 BE Systems M777 155mm/39-caliber ultra-light howitzers on November 9. These …
At Long Last the Indian Army Has New Artillery Pieces Read More Indonesia signed a contract with South Korea’s Korea Aerospace Industries (KAI) worth $89.4 million on November 8 at the Indo Defense 2018 Expo in Jakarta. The contract involves the sale …
Indonesia Inks Deal with KAI for Aircraft Trainer Package Read More Under its upcoming budget projections the Malaysian government plans to slash defense expenditures by roughly 10 percent year-on-year. The military spending reductions comes amidst a deficit reduction effort by Prime …
Malaysia Announces Deep Spending Cut for Defense in Upcoming Budget Read More The British Ministry of Defense (MoD) has published its latest Defense Equipment Plan, a rolling ten-year plan that outlines major equipment programs and funding plans. The plan involves an allocation …
U.K. Defense Equipment Plan Faces Affordability Hurdles Read More The Turkish government has selected three local companies to head its indigenous long-range air and missile defense system “Siper” (“Ditch” in Turkish) project. The Turkish companies spearheading the initiative include …
Turkey Selects Companies for Indigenous Long-Range Air Defense System Read More The populist coalition government in Italy intends to pair-down defense spending during the country’s 2019 fiscal period. The government – consisting of the populist League party and the anti-establishment Five …
Italy Plans Defense Spending Reversal for 2019 Read More
The Belgian government has signaled its intent to modernize and recapitalize its long-neglected military capability with funding worth nearly €9.2 billion ($10.45 billion) directed towards defense investments. The fiscal commitment …
Belgium Moves Forward on Major Military Investment Package Read More The Indian Ministry of Defense has placed an order worth more than $30 million for the upgrade of the Indian Army’s legacy 130mm M-46 howitzers to 155/45mm caliber. The order …
India Orders Locally-Sourced Upgrade to Army’s 130mm M-46 Howitzers Read More The British Ministry of Defense will receive an additional GBP1 billion ($1.28 billion) boost to its in-year budget following an announcement by U.K. Treasury Chancellor Philip Hammond on October 29. …
British MoD to Receive Additional Funding in Effort to Protect Key Programs Read MoreSign up for the latest blog posts and products sent straight to your inbox.