U.S. Defense Budget Request Delayed
As a result of the U.S. government shutdown, the U.S. defense budget will not be released next week as planned. Despite the fact that the 2019 defense budget was passed …
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Germany’s Military Readiness Woes Continue
An annual parliamentary report on the state of the Bundeswehr indicates that the ongoing struggles of Germany’s armed forces show little sign of reversal in the near future. Despite a …
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South Korea Plans Five-Year Defense Spending Hike with Missile Defense and Counter-Fire Capability in Mind
South Korea’s Defense Ministry unveiled its next five-year budgetary blueprint on January 11, which indicates an average annual hike of 7.5 percent. The blueprint covers the fiscal period between 2019 …
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U.K. Defense Equipment Plan Faces Affordability Hurdles
The British Ministry of Defense (MoD) has published its latest Defense Equipment Plan, a rolling ten-year plan that outlines major equipment programs and funding plans. The plan involves an allocation …
Read MoreJair Bolsonaro Will Be Brazil’s Next President
by Bill Ostrove, International Military Markets Analyst, Forecast International. Brazilian right-wing congressman Jair Bolsonaro has won a runoff election to become Brazil’s next president. Bolsonaro defeated opponent Fernando Haddad with 55.1 percent …
Read MoreIn Controversial Move, Mexican Senate Approves Military Operations Against Criminals
by Bill Ostrove, International Military Markets Analyst, Forecast International. In a 71 to 34 vote, the Mexican Senate approved the Internal Security Law, which gives the Mexican armed forces a legal framework …
Read MoreAcquisition Programs Dominate Pentagon’s FY17 Spending Increase
by Shaun McDougall, Military Markets Analyst, Forecast International. The Pentagon’s FY17 budget was signed into law on May 5, more than halfway through the fiscal year. The legislation couldn’t come soon enough, …
Read MoreReaction to White House Budget Plan Highlights a Divided Congress
by Shaun McDougall, Military Markets Analyst, Forecast International. The White House has issued initial budget guidance to federal agencies for the 2018 fiscal year, calling for an increase in defense spending that …
Read MoreMattis Budget Guidance Spans Multiple Budget Cycles, Calls for FY17 Growth
by Shaun McDougall, Military Markets Analyst, Forecast International. U.S. Defense Secretary Jim Mattis released a memo on January 31 providing initial guidance for strengthening the armed forces through an FY17 budget amendment, …
Read MoreU.S. Army Lays Out $26.5 Billion Worth of Unfunded Priorities
by Shaun McDougall, Military Markets Analyst, Forecast International. The U.S. Army has released a pair of unfunded priorities lists for FY17 and FY18 calling for $26.5 billion in additional spending. The documents …
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