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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The Turkmen Air Force is believed to have placed an order for the M-346 jet trainer aircraft. Earlier this month, the Italian Ministry of Foreign Affairs reported to the Senate …
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Afghan security forces have repelled a Taliban attack on the northern city of Kunduz. In a statement on Tuesday, the Afghan Defense Ministry announced that an early morning attack on …
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The production of at least one corvette under a contract between Turkey and Turkmenistan appears under to be underway. Open source information, posted on Russian online forums, indicates that construction …
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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 …
Read More As South Korea seeks to mitigate economic fallout and social disruption in the wake of the novel coronavirus (COVID-19) pandemic, the government is looking for areas with which to shift …
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Brunei has announced its budget for the upcoming 2020-2021 fiscal year, with defense receiving an allocation of BND606 million ($430 million). This represents a 2.7 percent nominal increase over the …
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In anticipation of U.S. President Donald Trump’s upcoming visit, the Indian government has taken the step of greenlighting a potential $2.6 billion acquisition of 24 Lockheed Martin-Sikorsky MH-60R Romeo multimission …
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