A Forecast International blog about the arms trade, geopolitics, defense and security, and military spending.
Senate Armed Services Committee Chairman Roger Wicker (R-Miss.) has released an updated version of the defense portion of the reconciliation bill, negotiated jointly by members of the House and Senate …
Updated Reconciliation Bill Cuts Border Funds, Increases Munitions Investment Read More
A fragile ceasefire appears to be holding between Iran and Israel following a period of escalating violence, culminating in a covert U.S. strike on Iran’s nuclear infrastructure. In the days …
Tentative Ceasefire Takes Hold Following Iran’s Retaliatory Strikes Read More
Canada plans to meet NATO’s goal of spending two percent of GDP on defense this year, seven years earlier than planned, Prime Minister Mark Carney said in a speech Monday. …
Canada Plans to Hit NATO Defense Spending Target Early, Shift Focus from U.S. Read More
President Trump’s fiscal year 2026 defense budget request cuts over $25 billion in acquisition funding from the Department of Defense’s base budget, primarily for procurement programs, shifting those expenses to …
FY26 Base Budget Cuts $25 Billion for Acquisition, Relies on Reconciliation Bill to Fill Gaps Read More
Lockheed Martin has been awarded a $1 billion contract modification to continue its support for the U.S. Navy’s Conventional Prompt Strike (CPS) hypersonic weapons program, the Department of Defense announced. …
Lockheed Martin Awarded $1 Billion U.S. Navy Contract for Hypersonic Missile Work Read More
The White House made headlines recently by declaring its FY26 defense budget request would break the trillion-dollar mark, but the president’s claims don’t quite hold up to scrutiny. While the …
A Trillion-Dollar Defense Budget That Isn’t Read More
Canada’s federal election delivered a win for Prime Minister Mark Carney and the Liberal Party, which secured 169 seats, just shy of the 172 needed to form a majority government. …
Carney Wins as U.S. Trade War Reshapes Canadian Politics Read More
In a break from tradition, Congress passed a full-year continuing resolution (CR) to fund the Department of Defense for Fiscal Year 2025, a move that provides new-start authority but hinders …
Congress Scales Back Ambitions in Final FY25 Defense Deal Read More
The U.S. Army is seeking industry input for a next-generation autonomous breaching vehicle that could reduce risk to troops in warzones. The service recently released a Request for Information (RFI) …
U.S. Army Eyes New Autonomous Breaching Vehicle with ‘BaDGER’ Program Read More
At a press event on Monday with Israeli Prime Minister Benjamin Netanyahu, President Donald Trump hinted at a defense budget request “in the vicinity” of $1 trillion for Fiscal Year …
Trump Teases $1 Trillion Defense Budget—But What Does That Actually Mean? Read More