Aerospace, Defense & Security

International arms restrictions against Myanmar coup unlikely to deliver results, says GlobalData

Australia has suspended its military cooperation with Myanmar in response to the recent martial coup. Australia had reportedly maintained a limited bilateral defence co-operation program with Myanmar’s military, restricted to only non-combat areas such as English language training. Whilst there has been international rhetoric condemning the coup in Myanmar, in terms of concrete action, fresh […]

Increase in China’s defense budget to target emerging technologies, says GlobalData

China has approved a draft budget proposal recently confirming that its defense budget has brushed off the economic pressures brought about by COVID-19 and is set to increase by 6.8% in 2021. This increased budget will be allocated towards emerging technologies which could shape the face of future warfare. The budget increase looks likely to […]

Aerospace, Defense & Security

Global naval vessels and surface market to be worth $48.1bn by 2031 driven by modernization efforts, says GlobalData

With a focus on securing maritime interests by employing advanced and multi-role vessels among modern naval forces, the global naval vessels and surface combatants market is set to continue strong growth over the next decade. In fact, this market is anticipated to reach $48.1bn by 2031, which is approximately 41% higher compared to 2021 estimates, […]

Aerospace, Defense & Security

PM Johnson’s statement not without contradiction on post-Brexit diplomacy, says GlobalData

Following the delivery of the strategic overview ‘Global Britain in a Competitive Age’ to the UK House of Commons by Prime Minister Boris Johnson; Harry Boneham, Aerospace and Defense Associate Analyst at GlobalData, a leading data and analytics company, offers his view: “Prime Minister Boris Johnson has laid out his vision for the UK’s role […]

Aerospace, Defense & Security

Lockheed Martin well-positioned to capitalize on key technologies with Aerojet Rocketdyne acquisition, says GlobalData

Following the news that Aerojet Rocketdyne’s shareholders have voted to approve the Lockheed Martin acquisition; Anthony Endresen, Aerospace and Defense Associate Analyst at GlobalData, a leading data and analytics company, offers his view on what this deal will mean for Lockheed Martin: “If Lockheed Martin’s acquisition of Aerojet Rocketdyne is successful, the company will be […]

Aerospace, Defense & Security, Oil & Gas, Press Release, Technology

Rolls-Royce embraces new mode of flying as push for green aviation heats up, says GlobalData

Following today’s news that Rolls-Royce and Tecnam have joined forces with Widerøe to deliver an all-electric passenger aircraft ready for service in 2026; Harry Boneham, Associate Aerospace, Defense and Security Analyst at GlobalData, a leading data and analytics company, offers his view: “It is becoming increasingly clear that a green revolution in commercial aviation is […]

Aerospace, Defense & Security

Australia’s defense budget to maintain upward swing between 2020-25 to nullify China threat in Indo-Pacific region, says GlobalData

Australian defense expenditure is expected to increase from US$30.9bn in 2020 to US$39.5bn in 2025.This upsurge in the defense budget expenditure is driven by Australia’s redefined strategic priorities in the Indo-Pacific region as tensions rise with China, says GlobalData, a leading data and analytics company. According to GlobalData’s latest report, ’Australian Defense Market – Attractiveness, […]

Aerospace, Defense & Security

Boeing’s Loyal Wingman induction to support Australian aerospace defense development, says GlobalData

Boeing Defense Australia and the Royal Australian Air Force (RAAF) have announced the first flight of the Loyal Wingman Unmanned Aerial Vehicle (UAV). Maturing the technology and its eventual induction into service will help Australia’s defense industry build the skills to develop the future systems in its aerospace domain, says GlobalData, a leading data and […]

Aerospace, Defense & Security

Turkish defense spending remains top priority for government in 2021 despite COVID-19 impact

The Turkish Government’s defense expenditure is set to steadily increase between 2019 and 2025 as the government prioritizes its defense industry. Defense expenditure reached a high in the 2020 fiscal year totaling US$14.8bn, which is a 6.5% increase from the previous year. This increased growth is expected to steadily continue as the Turkish budget is […]

Aerospace, Defense & Security

UAE signing MoU will allow its armed forces to be less dependent on international conglomerates

Following the news that the United Arab Emirates (UAE) Ministry of Defense and Tawazun Economic Council signed a Memorandum of Understanding (MoU) for cooperation on research and development (R&D) activities during the International Defence and Exhibition (IDEX) 2021; Tushar M, Aerospace & Defense Analyst at GlobalData, a leading data and analytics company, offers his view: “This is a major development towards […]

Aerospace, Defense & Security

Chinese activity drives new high-tech Russian offerings in Asia

Rosoboronexport, the Russian state defense product exporter, displayed the P-18-2 Prima radar system at the Aero India 2021 show alongside several other platforms and products, notably Surface to Air Systems (Pantsir, Viking, Buk and Tor), Counter-Unmanned Aerial Systems (CUAS) and Electronic Warfare products. The specific list of products is indicative of the regional market being […]

Aerospace, Defense & Security

Six next generation missile vessels to enhance Indian Navy’s anti-surface warfare capabilities, says GlobalData

Following the news that the Indian Ministry of Defence (MoD) has declared the Cochin Shipyard Ltd (CSL) as the lowest bidder for next generation missile vessels (NGMVs); Chandan Nayak, Analyst of Aerospace, Defense and Security at GlobalData, a leading data and analytics company, offers his view: “GlobalData expects the contract to strengthen the domestic aerospace […]

Aerospace, Defense & Security

Domestic defense production of India receives booster shot from DAC, says GlobalData

Following the news that the Defence Acquisition Council (DAC) has approved capital acquisition proposals worth US$1.8bn (INR13,700 crore) of various weapons, platforms, equipment, systems required by the Indian defense force; Mathew George, Ph.D., Aerospace & Defense Analyst at GlobalData, a leading data and analytics company, offers his view: “The announcement by the Ministry of Defence […]

Aerospace, Defense & Security

SkyKnight air defense system a major boost for local weapon manufacturing ecosystem

Following the news that HALCON, part of the Edge Group, unveiled SkyKnight air defense system during the International Defence and Exhibition Conference (IDEX) 2021 in the United Arab Emirates (UAE); Tushar M, Aerospace & Defense Analyst at GlobalData, a leading data and analytics company, offers his view: “This is a major development that is expected […]

Aerospace, Defense & Security

Boeing’s T-7A production influenced by technological advancements

Following the news that Boeing has started its production of the T-7A Red Hawk advanced trainer aircraft; Mathew George, Ph.D., Aerospace & Defense Analyst at GlobalData, a leading data and analytics company, offers his view on how the defense industry has incorporated state of the art technology in aircraft production: “As Boeing starts its portion […]

Aerospace, Defense & Security

Strong 2020 Airbus defense performance and Boeing 777 issues combine to widen gap between rivals, says GlobalData

Airbus’ strong defense business performance in 2020 underscores the relative success of the firm in a year rocked by the COVID-19 pandemic. A thickening defense order book is a sign that Airbus may be gaining on its rival Boeing, which is especially noteworthy as it is an area in which it has historically trailed. Now, […]

Aerospace, Defense & Security

Global armored vehicles market to reach $34.1bn by 2030

The armored vehicles market has managed to show some degree of resilience to COVID-19, compared with other industries. The issues faced by the market have arisen mostly from the supply side and not from a lack of demand, according to GlobalData, a leading data and analytics company. This is primarily due to manufacturers shutting down […]

Aerospace, Defense & Security

Demand for fourth-generation aircraft still strong in fifth-generation era

Following the news that the United States Air Force (USAF) is looking to acquire a new fourth-generation aircraft, even as the fifth-generation F-35 fleet expands, Abhijit Apsingikar, Aerospace & Defense Analyst at GlobalData, a leading data and analytics company, offers his view: “The USAF’s studies into the future composition of its tactical aircraft fleet suggests […]

Aerospace, Defense & Security

Denel may struggle to recover its position financially

South Africa’s premier defense company, Denel, has been pushed deeper into a liquidity crisis as the firm could reportedly run out of cash by the end of March 2021. Despite the fact that Denel has received numerous bailouts from the South African Government in the past, it has been unable to turn the substantial capital […]

Aerospace, Defense & Security

PLAN ambition for blue-water navy could be Biden’s greatest foreign policy issue, says GlobalData

It was recently reported that the People’s Liberation Army Navy (PLAN) had commissioned its last batch of Type 056A corvettes specialized in coastal defense, with the total number of the Type 056 series reaching 72. Having built a substantial green water fleet capable of securing its coastal areas, China will shift its focus to the […]

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