A Forecast International blog about the arms trade, geopolitics, defense and security, and military spending.
In 2021, the Department of Defense’s share of available funding was $1.51 trillion, or 12.4 percent, of the FY21 U.S. federal budget. Just over 40 percent of that $1.51 trillion …
Meet the Top 3 Navy Contractors of 2021 Read More
The FY23 National Defense Authorization Act released by Congress this week recommends adding $4.7 billion to the FY23 budget for Navy shipbuilding programs, which would lift the shipbuilding account to …
Defense Policy Bill Adds Third Destroyer, Boosts Amphib Funding Read More
The British Ministry of Defence has awarded BAE Systems a GBP4.2 billion ($4.97 billion) contract for a second batch of Type 26 frigates destined for the Royal Navy. The new …
U.K. Defence Ministry Orders Type 26 Batch 2 Frigates Read More
Chief of Naval Operations Adm. Michael Gilday released a public version of his 2022 Navigation Plan (NAVPLAN) that includes details of the Navy’s desire for a fleet of 373 battle …
New Details Emerge about U.S. Navy’s Desired Fleet Size Read More
U.S. shipbuilding spending is about to drastically increase, with a projected budget of $30.1 billion for the next five years as opposed to the $24.1 billion spent in the past …
U.S. Shipbuilding Budget Exceeds $30 Billion Read More
Interest in undersea warfare is experiencing a resurgence following years of neglect in favor of airborne and land-based operations. This revival is being driven by China’s increasing aggression in the …
Assertive Actions by Russia and China Spur Revival in the Market for Submarine Tracking Systems Read More
Greece’s parliament has cleared the way for two military procurement programs involving French-produced frigates and combat aircraft. Following approval on February 15, the Ministry of Defense may now finalize pending …
Greek Parliament Green-Lights Arms Deals with France Read More
The Pentagon’s Defense Security Cooperation Agency (DSCA) sent a notification to Congress on December 21 that the U.S. State Department has cleared a Foreign Military Sale (FMS) to France of …
U.S. State Department Clears France FMS Request for EMALS and AAG Read More
The Netherlands’ defense minister, Henk Kamp, has informed the Dutch Parliament that a major defense project to replace the Royal Netherlands Navy (RNLN) fleet of Walrus class submarines will miss …
Timeline for the Netherlands’ Walrus-Class Submarine Replacement Program Pushed Out Read More
Australia’s cancellation of its contract with France’s Naval Group for 12 Shortfin Barracuda class submarines (the Shortfin being a conventionally powered variant of the nuclear-powered Barracuda) in favor of …
Australia’s Surprise Decision and the Dynamics of the World Submarine Market Read More