A Forecast International blog about the arms trade, geopolitics, defense and security, and military spending.
The UK and Germany have agreed to co-develop the Boxer RCH 155, a new artillery system to address the British Army’s Mobile Fires Platform (MFP) requirement. The program seeks to …
UK Chooses RCH 155 for Mobile Fires Platform Read More
Australian shipbuilding giant Austal shot down a takeover offer worth $662 million from South Korea’s Hanwha Ocean. The deal was deemed unlikely to gain approval from regulators due to Austal’s …
Defense Contract Concerns Sink Hanwha Ocean’s Bid for Austal Read More
Indra Sistemas has begun an ambitious plan to become the national champion for Spain’s defense and aerospace and expand beyond its borders within the next decade. Under a new strategy, …
Indra Sets Sights on Spanish Defense Crown, Eyes Growth in Europe and Beyond Read More
The Army has pulled the plug on its Extended Range Cannon Artillery (ERCA) program. The project, launched in 2018, aimed to develop a new self-propelled howitzer with a longer firing …
U.S. Scraps Long-Range Cannon Project After Prototype Stumbles Read More
Finnish defense manufacturer Patria has partnered with German industry leaders DSL (part of KNDS) and FFG to offer a tailored variant of Patria’s proven 6×6 armored personnel carrier (APC) as …
Patria Teams With German AFV Manufacturers for CAVS Program Read More
As part of an effort to expand its operations in Romania and Europe overall, Rheinmetall is acquiring a controlling stake in Romanian vehicle maker Automecanica Mediaș. The announcement follows an …
Rheinmetall Acquires Majority Stake In Romanian Military Vehicle Maker Read More
The U.S. State Department reported that FY2023 U.S. military exports rose to a record $238 billion, up almost 16 percent from $206 billion in FY2022. The major driver in this …
Strong Global Demand Pushes U.S. Military Exports to a Record $238 Billion Read More
Airbus Helicopters has agreed to acquire Aerovel and its signature Flexrotor system to bolster its unmanned aerial capabilities. This strategic move bolsters Airbus’ presence in the tactical UAS market, offering …
Airbus Helicopters Adds Aerovel to Unmanned Aerial System Portfolio Read More
The Canadian government has chosen General Dynamics Land Systems-Canada as the preferred bidder for the Logistics Vehicle Modernization (LVM) program, a major initiative to upgrade the Canadian Armed Forces (CAF) …
Canada Selects Winner for Logistics Vehicle Modernization Project Read More
ELLSWORTH AIR FORCE BASE, S.D — A U.S. Air Force B-1B Lancer bomber crashed on January 4th, 2024, while attempting to land at Ellsworth Air Force Base in South Dakota. …
B-1B Lancer Crashes at Ellsworth Air Force Base Read More