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FORECAST INTERNATIONAL: BIZJET MARKET RECOVERY ON THE HORIZON
Nov 08, 2017
FORECAST INTERNATIONAL PROJECTS $22.2 BILLION LIGHT MILITARY ROTORCRAFT MARKET OVER 15 YEARS
Oct 24, 2017
FORECAST INTERNATIONAL PREDICTS $213 BILLION REGIONAL MARKET OVER 15 YEARS
Sep 26, 2017
FULL SPEED AHEAD FOR ANTI-SHIP MISSILE MARKET
Sep 13, 2017
AIRCRAFT CARRIERS MARK GROWTH OF REGIONAL NAVIES
Sep 12, 2017
TWO SHIP COLLISIONS RAISE QUESTIONS
Aug 24, 2017
RISING TENSIONS IN THE KOREAN PENINSULA HIGHLIGHT THAAD MISSILE'S KEY ROLE
Aug 10, 2017
FORECAST INTERNATIONAL LAUNCHES IMPROVED U.S. DEFENSE BUDGET DATABASE
Aug 08, 2017
FORECAST INTERNATIONAL: BOEING ON A ROLL; BOTH CIVIL AND MILITARY MARKETS REMAIN STRONG
Aug 01, 2017
DEFENSE FIRMS SEE STRONG GROWTH POTENTIAL AS UPSWING BEGINS
Jul 18, 2017
COMMERCIAL COMSAT MAKERS CASHING IN ON HOT MARKET
Jul 12, 2017
FORECAST INTERNATIONAL: 15-YEAR WORLD AVIATION TURBOSHAFT MARKET WORTH $34 BILLION
Jun 20, 2017
FORECAST INTERNATIONAL PREDICTS $4.15 TRILLION LARGE JETLINER MARKET OVER 15 YEARS
Jun 19, 2017
FOLLOWING U.S. ATTACK ON SYRIAN AIR BASE, FI OFFERING DETAILED TOMAHAWK CRUISE MISSILE REPORT
Apr 07, 2017
POLITICS TO AFFECT SHAPE OF U.S. DEFENSE ELECTRONICS MARKET
Mar 28, 2017
FORECAST INTERNATIONAL: HIGHER DEFENSE BUDGETS LIKELY TO GIVE MEDIUM/HEAVY MILITARY ROTORCRAFT MARKET A LIFT
Mar 07, 2017
FORECAST INTERNATIONAL ISSUES 'LAUNCH VEHICLES: YEAR IN REVIEW 2016.' STAGE SET FOR RENEWED ACTIVITY IN 2017
Jan 30, 2017
FPSO CONSTRUCTION POWERING MECHANICAL DRIVE MARKET
Dec 13, 2016
ROLLS-ROYCE RULES THE NAVAL GAS TURBINE MARKET
Dec 12, 2016
FORECAST INTERNATIONAL RELEASES VERSION 3.1 OF ITS PLATINUM FORECAST SYSTEM
Dec 07, 2016

Press Release

Contact: Richard Pettibone, Aerospace & Defense Companies Analyst
Phone: (203) 426-0800
Fax: (203) 426-4262
Website: www.forecastinternational.com
E-mail: rich.pettibone@forecast1.com
Forecast International, Inc.
22 Commerce Rd. Newtown, CT 06470 USA

FOR IMMEDIATE RELEASE

Defense Firms See Strong Growth Potential as Upswing Begins

NEWTOWN, Conn. [July 18, 2017] – As defense markets continue to adapt to dynamic economic and political forces, the major players continue to hold their entrenched positions.

Leading the market for commercial communications satellites in terms of value over the next 15 years will be Boeing, Thales Alenia, MacDonald, Dettwiler and Associates (MDA – which purchased Space Systems / Loral), Airbus Defence and Space, and Lockheed Martin.

"Regional turmoil in parts of the Middle East, Europe and Asia continue to drive the need for more spending," said Forecast International Defense & Aerospace Companies analyst Richard Pettibone. "Further, international sales for many firms are set to expand, driven by fear over the Islamic State (also known as ISIS), a more bellicose Russia, and regional pressures from China and North Korea."

These issues are key drivers of recent spending increases in the U.S. According to government transparency site usaspending.gov, the U.S. government awarded a total of $473.8 billion in contracts in FY16, up 8.2 percent from $437.9 billion in FY15. Of this $473.8 billion, $303.7 billion, almost 64 percent, was awarded by the Department of Defense.

Recently, the General Services Administration's U.S. Federal Procurement Data System - Next Generation released its annual Top 100 Federal Contractors report - Fiscal Year 2016. The top 10 federal contractors accounted for $140 billion of the obligated dollars, with Lockheed Martin at the top with $43.4 billion (9.1% of the total), followed by Boeing with $26.5 billion (5.6% of the total).


https://www.fpds.gov/fpdsng_cms/index.php/en/reports/62-top-100-contractors-report3.html

With a new U.S. administration in charge, many defense companies are adopting a wait-and-see attitude in regard to future spending priorities. The consensus is one of guarded optimism that sequester will be revisited and defense expenditures will rise dramatically.

"Initially, companies such as Lockheed Martin and Boeing were taken to task over high-profile programs such as the Lockheed Martin F-35 and Boeing 747 Air Force One," Pettibone said. "But in the subsequent months following the start of President Trump's administration, the rhetoric has toned down and defense spending is now set for an upswing."

According to Forecast International's Defense & Aerospace Companies reports, growth isn't limited to U.S. markets. The Trump administration has also caused a ripple effect in defense spending among European allies that should see firms such as Airbus, BAE Systems, and Leonardo benefit in the years ahead.

In Asia, many governments are facing a variety of threats, most notably from North Korea. As a result, defense spending on new programs in Japan and South Korea is on the rise. Standing to benefit from this growth are firms such as Mitsubishi Heavy Industries and Kawasaki in Japan as well as Hanwha and Korea Aerospace Industries in South Korea.

Perhaps most importantly, many of these firms will be seeking to bulk up their cybersecurity operations. Almost every major defense firm in the U.S. has added operations related to this sector over the past five years. With Internet-based attacks now a daily occurrence, this market will continue to experience strong growth for the firms that can deliver in the years ahead.

About Forecast International
Forecast International, Inc. is a leading provider of Market Intelligence and Analysis in the areas of aerospace, defense, power systems and military electronics. Based in Newtown, Conn., USA, the company specializes in long-range industry forecasts and market assessments used by strategic planners, marketing professionals, military organizations, and governments worldwide. Forecast International also maintains a high posture of situational awareness and geopolitical analysis. Forecast International's resources and extensive base of experience can also be readily adapted and efficiently focused to fulfill a broad spectrum of civil and military consulting and special research requirements. The company is increasingly performing proprietary consulting studies in support of the diverse markets it covers.

 


Contact Information
Ray Peterson
Vice President, Research & Editorial Services
Forecast International
22 Commerce Rd. Newtown, CT 06470 USA
(203) 426-0800
ray.peterson@forecast1.com.



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