Biden Undeterred as Kabul Falls
The fall of Kabul came much faster than anticipated, but U.S. President Joe Biden says he remains confident in his decision to withdraw American forces. Afghan President Ashraf Ghani fled …
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Bombardier Now Solely Focused on Aerospace
With the disposal of its rail-related transportation division, Bombardier has reached the zenith of its restructuring efforts. After years of divestments and restructurings, today’s Bombardier is a pure-play aerospace company …
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Senate Passes $3.5 Trillion Budget Resolution without $50 Billion Defense Infrastructure Amendment
Senate Democrats passed a $3.5 trillion non-binding budget resolution Wednesday morning along party lines that recommends limiting defense budget growth to 2.2 percent per year over the next five years. …
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British Aerospace & Defense Company Meggitt Agrees to $8.8 Billion Takeover by Parker Hannifin
by J. Kasper Oestergaard, European Correspondent, Forecast International. On August 2, British aerospace and defense company Meggitt announced that it has accepted an offer to be acquired by Parker Hannifin, a …
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Airbus and Boeing Report Second Quarter 2021 Commercial Aircraft Orders and Deliveries
Year of Recovery Continues for Commercial Jet Makers – 737-10 Successfully Completes First Flight by J. Kasper Oestergaard, European Correspondent, Forecast International. Boeing and Airbus delivered 79 and 172 commercial jets …
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Biden Administration Holds Off on Navy Fleet Expansion, but Long-Term Shipbuilding Plans Remain Uncertain
President Joe Biden has not adopted a naval expansion proposed by the previous administration, but the future of the Navy fleet remains uncertain because a new long-term shipbuilding plan has …
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Hyundai Heavy Industries Facing Delays over Daewoo Shipbuilding Merger
Hyundai Heavy Industries’ presence in defense markets is largely centered on the production of naval warships via its Korea Shipbuilding & Offshore Engineering (KSOE) unit. Here the company is seeking to …
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Switzerland Taps F-35, Patriot to Meet Its Air 2030 Requirements
The Swiss government has tapped two American-sourced solutions to meet the requirements of its Air 2030 program to replace the Swiss Air Force’s aging fleet of both F-5 Tiger and …
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Rafale Fighter Jet Acquisition: A Major Leap Forward for the Croatian Air Force
by J. Kasper Oestergaard, European Correspondent, Forecast International. For years, Croatia has been in the process of modernizing its air force by replacing older Soviet-era aircraft with both new and secondhand …
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Main Ground Combat System (MGCS) – Status and Path Forward
by J. Kasper Oestergaard, European Correspondent, Forecast International. According to a government report submitted to the German parliament, new European partners are expected to join the Franco-German Main Ground Combat System …
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