Aerospace, Defense & Security

Ukraine crisis highlights UK’s need for cheaper and faster air-defense systems production, says GlobalData

Providing Starstreak anti-aircraft missiles to Ukraine has highlighted the need for a new air defence system in the UK that is cheaper and faster to produce, according to GlobalData. The leading data and analytics company notes that the UK Ministry of Defence’s (MoD’s) recent announcement that it intends to improve its Land Ground Based Air […]

UK to provide Ukrainian Armed Forces with additional M270 MLRS platforms and equipment as British defense officials highlight the importance of Western military training

The British Ministry of Defence announced today that it would be providing the Ukrainian Armed Forces (UAF) with additional M270 Multiple-Launch Rockets Systems (MLRS) and large quantities of M31A1 multi-mode precision munitions in light of the system’s success on the battlefield, with Defence Secretary (DEFSEC) Ben Wallace stating “This latest tranche of military support will […]

Aerospace, Defense & Security

Belgium defense market set to grow to $6.5 billion in 2027, forecasts GlobalData

Belgium’s defense market is set to grow to $6.5 billion in 2027, driven by the conflict in Ukraine and the need to modernize its armed forces, forecasts GlobalData, a leading data and analytics company. According to GlobalData’s report, ‘Belgium Defense Market Size and Trends, Budget Allocation, Regulations, Key Acquisitions, Competitive Landscape and Forecast, 2022-2027’, Belgium’s […]

Aerospace, Defense & Security

Baykar expanding to Ukraine would be a welcome boost for the country’s defense industry, says GlobalData

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, […]

Aerospace, Defense & Security

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 […]

Aerospace, Defense & Security

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 […]

Aerospace, Defense & Security

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 […]

Aerospace, Defense & Security

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 […]

Aerospace, Defense & Security

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 […]

Aerospace, Defense & Security

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 […]

Aerospace, Defense & Security

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 […]

Aerospace, Defense & Security

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 […]

Aerospace, Defense & Security

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 […]

Aerospace, Defense & Security

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 […]

Aerospace, Defense & Security

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 […]

Aerospace, Defense & Security

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 […]

Aerospace, Defense & Security

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 […]

Aerospace, Defense & Security

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 […]

Aerospace, Defense & Security

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 […]

Aerospace, Defense & Security

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 […]

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