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Following the news that ambassador Vasyl Bodnar has claimed that private Turkish defense company Baykar Defense is making moves to establish production in the west of Ukraine; James Marques, Associate Aerospace, Defense and Security Analyst at GlobalData, a leading data and analytics company, offers his view: “It is noted that the proposed Turkish factory will produce wheels, […]
Australia defense spending to grow at 3.8% CAGR between 2022-2027, estimates GlobalData
Australia’s desire to maintain the security and stability of the surrounding Indo-Pacific region and the South China Sea coupled with its modernization programs will see its defense spending growing at an estimated CAGR of 3.8% over the period 2022-2027, says GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Australia Defense Market Size and […]
Ambitious modernization programs will drive Singapore defense expenditure to $15.8bn in 2027, says GlobalData
The Singapore Armed Forces (SAF) is ambitiously modernizing military equipment, homeland security, and cyber security. To overcome the challenges posed by the country’s small armed forces, and limited area in which to train, the Ministry of Defence is focusing on effective personnel training overseas and adapting sophisticated technologies. In line with this, the defense budget […]
A deal may no longer be a deal as FTC threatens rollback of Northrop Grumman’s 2018 acquisition, says GlobalData
A deal may no longer be a deal as The Federal Trade Commission (FTC) consider a lawsuit to rollback part or all of Northrop Grumman’s 2018 acquisition of Orbital ATK. This would represent the most aggressive anti-trust action yet under the Biden administration. It would signal that the commission is committed to pursuing enforcement even […]
Rapid stealth technology advancements to drive global fixed wing market to $98.3 billion in 2032, says GlobalData
The global fixed wing market is set to be worth $98.3 billion in 2032, growing at a compound annual growth rate (CAGR) of 3.12% between 2022 and 2032. It will be majorly driven by the rapid advancements in stealth technologies due to a steady increase in military expenditures of many countries, says GlobalData, a leading […]
Roscosmos’ ISS announcements do not constitute a change of policy from Russia, says GlobalData
Following new comments made by Yuri Borisov, head of Roscosmos, regarding the future of Russian involvement in the International Space Station (ISS); Harry Boneham, Aerospace Analyst at GlobalData, a leading data and analytics company, offers his view: “The future of the ISS has attracted much attention since the onset of the conflict in Ukraine, with […]
Switzerland’s defense budget to reach $10.35 billion in 2027 as country acquires more capability from international companies, says GlobalData
Switzerland could prove to be a profitable market over the next decade for foreign defense companies such as Lockheed Martin, Saab and Elbit Systems, as the country’s steadily growing defense budget allocates more funds to acquire defense capability on the international market, says GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Switzerland Defense […]
Bundeswehr needs to implement stronger industrial strategy to be able to spend 2% of GDP on defense, says GlobalData
Germany’s promise to increase its defense budget to 2% of its gross domestic product (GDP) by 2024, with this figure then being sustained as an average across a rolling five-year period, will equate to a defense budget of $82.0 billion in 2024, rising to $85.7 billion in 2027, according to GlobalData. The leading data and […]
Poland’s Ottokar-Brzoza tank destroyers will help modernize the capabilities of its land forces, says GlobalData
The Polish Armaments Agency’s agreement with the PGZ-OTTOKAR consortium to begin production of the Ottokar-Brzoza tank destroyer system is a key element of the Polish government’s ongoing efforts to modernize the capabilities of its land forces, says GlobalData, a leading data and analytics company. Tristan Sauer, Land Domain Analyst at GlobalData, comments: “Continued Russian geopolitical belligerence […]
Eutelsat-OneWeb deal could get merged firm back in commercial satellite race rivalling Starlink and Kuiper, says GlobalData
Following the news that Eutelsat and OneWeb have agreed to merge their businesses; Harry Boneham, Aerospace Analyst at GlobalData, a leading data and analytics company, offers his view: “The deal may provide a lifeline for OneWeb, which was once a leader in commercial satellite constellations. Having since been overtaken by deep-pocketed firms such as Elon […]
Presence of Wisk at Farnborough International Airshow shows electric aircraft could revolutionize the aircraft market, says GlobalData
Located in amongst the military and commercial aircraft at Farnborough International Airshow was a potential new aircraft. The presence of the Wisk electronic vertical take-off and landing (eVTOL) aircraft shows a new front in commercial aviation and is an indicator of the changing state of the aviation industry, says GlobalData. The leading data and analytics […]
Russia’s invasion of Ukraine will drive Slovenia’s defense budget to $1.53 billion by 2027, says GlobalData
Slovenia is set to increase its defense spending over the next five years to reach $1.53 billion by 2027, according to GlobalData. The leading data and analytics company notes that the country is now set to meet NATO’s target of spending 2% of its gross domestic product (GDP) on defense. GlobalData’s latest report, ‘Slovenia Defense […]
QinetiQ’s Free Space Optical Communications technology could shift the balance of power in favor of UAS platforms, says GlobalData
As the market for low-cost and expendable unmanned aerial systems (UAS) platforms continues to grow, so too has the market for counter-UAS (C-UAS) technologies capable of defeating this emerging threat. QinetiQ’s first practical demonstration of its two-way Free Space Optical Communications (FSOC) technology, designed to enhance the survivability of UAS, could shift the balance of power in […]
UK satellite sector to see boost from European backers following new Space Alliance venture, says GlobalData
Following the news that Thales and Leonardo will be working via the Space Alliance to expand its operations in the UK; James Marques, Associate Aerospace, Defense and Security Analyst at GlobalData, a leading data and analytics company, offers his view: “Thales and Leonardo’s joint venture with Space Alliance could provide a further boost to the […]
Two new spaceports increase the UKs competitive edge as a destination for space industrial FDI, says GlobalData
Following the news that both Spaceport Cornwall and Shetland Spaceport will soon be operational; Madeline Wild, Associate Defense Analyst, at GlobalData, a leading data and analytics company, offers her view: “Building two spaceports, capable of launching and receiving spacecraft, in different corners of the UK will help boost the country’s appeal as a destination for […]
BAE Systems’ 3D printing technique will enhance the efficiency and timeliness of Tempest component production, says GlobalData
Following the news that BAE Systems has unveiled 3D-printed aircraft components at Farnborough International Airshow 2022; Harry Boneham, Aerospace Analyst at GlobalData, a leading data and analytics company, offers his view: “The application of Wire Arc Additive Manufacturing (WAAM) techniques, also known as 3D printing, within the development of the Tempest demonstrator reveals an ambition […]
BAE Systems gives details of the ‘Factory of the Future’ at Farnborough, aiming to deliver $11.3 billion UK investment in Tempest fighter jet, says GlobalData
BAE Systems ‘4.0 Factory of the future’ set to deliver Tempest on schedule Flying demonstrator Tempest jet ready in next 5 years 50 SMEs already involved in the project with more to follow With the unveiling of a representative fast jet fuselage at the Farnborough International Airshow 2022, BAE Systems announced its intention to develop novel […]
KF-21’s first flight demonstrates South Korea’s technological prowess to the world, says GlobalData
Following the news that the South Korean stealth aircraft, KF-21 Boramae, has taken its first flight; Sourabh Banik, Defense Analyst at GlobalData, a leading data and analytics company, offers his view: “The successful first flight of South Korea’s next-generation fighter KF-21 is a testament of Seoul’s continued advancements in its defense capabilities. The country’s technological […]
JADC2 program provides opportunities for a number of companies in diverse sectors, says GlobalData
Nearly 100 companies have been awarded contracts for the Joint All-Domain Command and Control (JADC2) project. This shows that the Department of Defense (DoD) is attempting to build the commercial ecosystem necessary to build and maintain JADC2, observes GlobalData, a leading data and analytics company. William Davies, Associate Analyst at GlobalData, comments: “The complexity of the […]
UK Defence Secretary cites Tempest’s momentum as key factor to carry FCAS program through to production, says GlobalData
Following affirmations made by the UK’s Defence Secretary at Farnborough International Airshow 2022 about the UK’s commitment to successfully develop and produce a sixth-generation Future Combat Air System (FCAS) platform working with Team Tempest; Harry Boneham, Aerospace Analyst at GlobalData, a leading data and analytics company, offers his view: “The Defence Secretary’s affirmation that the […]