Forecast International Inc. (FI) is a privately owned business headquartered in Newtown, Connecticut, in the United States. The company is a premier provider of market intelligence forecasting, proprietary research and consulting services for the worldwide Aerospace, Defense, Electronics and Power Systems industries.
FI was founded in 1973 by a former U.S. Air Force officer who obtained an MBA after retirement, then combined the business principles of this discipline with his continuing interest in aerospace and related military and civil industries. In its early days, the company pioneered some new methods of forecasting and was, in fact, the first to develop the concept that sufficient forward-looking data existed to enable it to provide rational 10-year forecasts for the aerospace and related industries it covered.
A major step in the company's growth was taken in 1989, when Forecast International acquired the assets of DMS Inc. from its main competitor, Jane's Information Group, then headquartered in the United Kingdom. This asset, combined with a number of smaller acquisitions, enabled the firm to continue the development and expansion of its product line so that it soon covered the bulk of the industries producing platforms and systems within the overall Aerospace/Defense, Power Systems, and Electronics arena.
Since then, FI's analysts have compiled and evaluated historical and current data for use in generating accurate forecasts of industry products and programs, and have earned widespread recognition for unmatched service and expertise. Simply stated, the company's philosophy of operation is to make the future as predictable as possible, and to support its forecasts with relevant data as well as a forecast rationale.
At its headquarters, FI employs a staff of experienced analysts who specialize in one or more areas of the world industries covered by the company. The analysts are complemented by staff who perform various support functions. In addition, the company draws upon various offsite analysts, information providers, and independent sales representatives in key countries of the world.
A significant factor in the company's growth was the development of its Platinum Forecast System 2.0® in 2007. This revolutionary system comprises a massive relational database that sits live on the Internet and enables clients to retrieve data within minutes after any of FI's analysts have posted it to the DB. The Platinum system, which is currently available in 26 modules, with more under development, produces a forecast spectrum of 25 years, comprising 10 years of historical data and 15 years of forecasts. What makes Platinum such a powerful resource is that licensed users can pose various queries and within seconds receive solutions in the form of detailed graphics, backed up by data tables and spreadsheets, as well as by relevant textual information. The Platinum Forecast System, which is registered with the U.S. Patent and Trademark Office, is the only one of its kind worldwide.
Currently, FI remains the leader in market intelligence and industry forecasting, and its insight is frequently solicited by various media outlets. FI also maintains major Editorial Support agreements with many key publishers and publications, including the Aviation Week Group of Penton (FI is a primary contributor to the company's annual Aerospace book, previously known as Source Book), the American Helicopter Society's Vertiflite magazine and Turbomachinery International Magazine's annual source book.