A Forecast International blog about the arms trade, geopolitics, defense and security, and military spending.
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 Senate Armed Services Committee released a proposed defense policy bill that would increase defense spending by $45 billion in FY23, which would bring the Pentagon budget up to $817.3 …
Senate Panel Recommends $45 Billion Increase for Defense Read More
On Thursday, the House Armed Services Committee approved its version of the FY23 National Defense Authorization Act by a vote of 57-1. The legislation includes an amendment sponsored by Democratic …
House Armed Services Committee Approves FY23 Defense Policy Bill that Includes $37B Amendment Read More
Lockheed Martin has been awarded a contract for one Freedom class Littoral Combat Ship (LCS 31), the last of three LCS funded by the U.S. Navy in FY19. The other …
U.S. Navy Awards Contract for Third FY19 Littoral Combat Ship Read Moreby Shaun McDougall, Military Markets Analyst, Forecast International. U.S. Defense Secretary Ash Carter offered a preview of the Pentagon’s FY17 budget request on February 2, but offered relatively few concrete …
Defense Secretary Carter Previews FY17 Budget Read More
By Andrew Dardine, Electronic Systems Analyst, Forecast International. Based on a projection in the FY16 defense budget, the U.S. Navy will spend more than $2.3 billion over the next several …
U.S. Navy to Spend over $2 Billion on Naval Electronic Warfare Program Read More By Stuart Slade, Forecast International Speaking before the Surface Navy Association, U.S. Navy Secretary Ray Mabus announced that the Navy would rename the modified Littoral Combat Ships it plans to …
Navy Secretary Uses the F-Word Read More