Aerospace, Defense & Security

Vietnam aims to enhance its naval and air forces to safeguard its territorial sovereignty, observes GlobalData

To protect its territorial and national interest in the South China Sea territory along with the need to modernize its naval and air forces, Vietnam has increased the military expenditure of Vietnam. Subsequently, its defense acquisition expenditure is projected to grow exponentially and record a strong compound annual growth rate (CAGR) of 8.1% to reach […]

Despite political reforms, the Chilean defense budget is forecasted to grow by 70% to $2.2 billion by 2026, says GlobalData

The Chilean defense budget is forecasted to grow by 70% from $1.3 billion in 2021 to $2.2 billion in 2026, according to GlobalData. This growth follows a few tumultuous years, which has seen Chile go through major political, social, and economic changes. Madeline Wild, Associate Defense Analyst at GlobalData, comments: “Gabriel Boric’s election as President […]

Aerospace, Defense & Security

Aerospace and defense jobs decline by 6% as Omicron variant bites says GlobalData

Jobs in the aerospace and defense sector have taken a dip from the pandemic high achieved at the end of November 2020, declining by 6% since the end of November 2021 according to GlobalData. The onset of the Omicron variant appears to have caused the decline in job listings. The leading data and analytics company […]

Aerospace, Defense & Security

Indian Navy’s increase in capex to enhance its maritime security besides extending benefits to Quad alliance, says GlobalData

Following the news of Indian Navy’s expenditure for FY2022-2023 announced in the union budget this week; Sourabh Banik, Aerospace & Defense Analyst at GlobalData, a leading data and analytics company, offers his view on the countries that are participating: “Indian Navy’s capital expenditure (capex) witnessed a significant jump of 38.4% in the revised estimates of […]

Aerospace, Defense & Security

Royal Navy UAV tender demonstrates upwards trend for maritime unmanned platforms, says GlobalData

An $8.8 million tender notice for ‘Project Vampire’ calls for four multirole lightweight drones to address several crucial capability problem sets for the Royal Navy’s fixed wing aviation force with the option to buy up to 10 more and a contract extension. Specifications for weapon payloads and a countermeasure suite show intent for the drone […]

Aerospace, Defense & Security

Boeing inches ahead with 26 carrier-borne fighters supply deal with Indian Navy to tackle critical missions, finds GlobalData

Boeing’s F/A-18 E/F Super Hornet has emerged as the top contender to supply Indian Navy with 26 Multirole Carrier Borne Fighters (MRCBF) aircraft. The deal involves the delivery of a squadron of 18 single-seat aircraft along with eight twin-seat variants that is collectively estimated to be valued at $4.5-6bn. Boeing’s F/A-18 E/F Super Hornet complies […]

Aerospace, Defense & Security, Press Release

Secretary Austin likely to put pressure on key defense companies CEOs to keep hypersonic programs on schedule says GlobalData

The Defense Secretary Lloyd Austin’s upcoming meeting with CEOs of key defense companies to discuss hypersonics will focus on the Department of Defense’s (DoD) concerns about getting the programs to the development stage as well as lowering the associated cost says GlobalData, a leading data and analytics company. Hypersonic refers to aircraft, missiles, and rockets […]

Aerospace, Defense & Security

£1.4 billion MoD investment in space signals its importance in the future of defense, says GlobalData

Following the news that the UK will invest £1.4 in space, as part of the first Defence Space Strategy (DSS); James Marques, Associate Analyst at GlobalData Aerospace, Defence and Security, a leading data and analytics company, offers his view: “The UK’s investment confirms the pivotal role that space defense will play in ensuring state security […]

Aerospace, Defense & Security

Redefined strategic priorities in Indo-Pacific to drive Australia’s defense budget at 5.05% CAGR through 2026, forecasts GlobalData

Australia plans to modernize its air force and naval capabilities to safeguard its border, sea lines of communication, protect surrounding regions including Southeast Asia and the South Pacific. In addition, the increased interest and involvement in the stability of the Indo-Pacific has provided another impetus to do so. In line with this, the defense budget […]

Aerospace, Defense & Security

India’s focus to enhance anti-tank defense capabilities gains momentum with Saab’s AT4, observes GlobalData

In pursuit of enhancing its air defense and anti-tank capabilities, India has signed a contract with Swedish defense major Saab AB for its AT4 anti-tank single-shot weapon system through a competitive program. India has been using Saab’s Carl Gustav since the early 1970s which could an influencing reason for the AT4 deal. Also, AT4 is […]

Aerospace, Defense & Security

Amid growing Chinese threat, India to order 200 more K9 howitzers to boost domestic manufacturing, says GlobalData

India is planning to place an order for the delivery of 200 additional K9 self-propelled howitzers, which is likely to be signed in 2022. This order for the indigenously manufactured K9 Vajra will not only boost the domestic defense manufacturing base, but it will also act as a reactive measure against the growing Chinese military […]

Aerospace, Defense & Security, Press Release

Artificial intelligence M&A deals grow by a third in the last 12 months as defense companies focus on developing their own AI capabilities says GlobalData

Artificial intelligence (AI) sector deals have grown by 33.5% in the last 12 months, with the average deal being valued at $159 million, according to GlobalData. The leading data and analytics company confirms that the number of AI deals is likely increasing as the technology becomes more advanced and more companies see market opportunities in […]

Aerospace, Defense & Security

Diverse regional strategic challenges compel Malaysia to increase defense acquisition budget through 2026, finds GlobalData

In response to conflicting territorial claims over the South China Sea and the complex other regional strategic challenges, Malaysia plans to modernize air force and the naval capabilities. Against this backdrop, the defense acquisition budget of the country is expected to increase at a compound annual growth rate (CAGR) of 9.45% between 2022 and 2026, […]

Aerospace, Defense & Security

BrahMos missile deal by Philippines likely to motivate other ASEAN countries to buy from India, says GlobalData

The Philippines’ decision to procure BrahMos anti-ship cruise missile from India will not only fortify the coastal defense of the archipelago but also drive the other ASEAN countries like Singapore, Malaysia and Thailand to obtain these missiles to build a minimum credible defense for themselves, says GlobalData, a leading data and analytics company. GlobalData’s report, […]

Aerospace, Defense & Security

Airbus eyes sustainable expansion with first aircraft life cycle center in China, observes GlobalData

Following the news that Airbus signed a memorandum of understanding (MoU) with Tarmac Aerosave and the city of Chengdu for the development of the first sustainable aircraft ‘lifecycle’ center in Chengdu, China; Mathew George, Ph.D., Aerospace & Defense Practice Head at GlobalData, a leading data and analytics company, offers his view: “This MoU is another […]

Aerospace, Defense & Security

Global electronic warfare market to reach $11.8 billion by 2031, driven by advances in cognitive and miniaturization technologies, says GlobalData

Global electronic warfare market to reach $11.8 billion by 2031, driven by advances in cognitive and miniaturization technologies, says GlobalData The push to integrate stealth technology and electronic warfare (EW) capabilities into military equipment is expected to drive the growth of EW systems over the next decade. The global electronic warfare (GEW) market is expected to […]

Aerospace, Defense & Security

Serial production of Turkey’s Hurjet not enough to help meet 2023 indigenous production goal, says GlobalData

Following the news that Turkey has begun the serial production of the basic trainer and light-assault Hurjet aircraft; Madeline Wild, Associate Defense Analyst at GlobalData, a leading data and analytics company, comments: “Despite commencing serial production for the Hurjet aircraft, Turkey is set to narrowly miss its indigenous production targets, according to GlobalData. Turkey’s 2019-2023 […]

Aerospace, Defense & Security

Philippines BrahMos cruise missile deal to fortify India’s domestic aerospace and defense industry, says GlobalData

Territorial conflicts in South China Sea over the past decade have fuelled the military expenditure of the Philippines. Against this backdrop, the Philippines government has signed a deal with BrahMos Aerospace Ltd worth $375m to buy BrahMos cruise missile and induct the category in its defense arsenal. This is expected to solidify the Indian domestic […]

Aerospace, Defense & Security, Press Release

Hypersonic technologies become leading hiring sector after 22% jobs growth in 2021, says GlobalData

Jobs in hypersonic technologies have grown by 22% over the last year, alongside other cutting-edge sectors such as artificial intelligence with jobs growth of 56% and computer vision at 84%, according to GlobalData. The leading data and analytics company confirms that the current jobs growth in hypersonics has largely been seen in the US, where […]

Aerospace, Defense & Security

Procurement of Cheongung II expected to augment UAE’s missile defence capability, says GlobalData

Following the news that the United Arab Emirates (UAE) has signed a memorandum of understanding (MoU) with South Korea for the purchase of M-SAM II/Cheongung II, a mid-range surface-to-air missile system; Tushar M, Defence Analyst at GlobalData, a leading data and analytics company, offers his view: “Estimated to be worth $3.5 billion (KRW4 trillion), this […]

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