Aerospace, Defense & Security

Defense companies announce financial measures to stave off impact of coronavirus

The positioning of Honeywell and QinetiQ as defense prime contractors inherently exposes them to potential budgetary cuts from US and UK Governments. By announcing financial measures in anticipation of a contraction of the global defense market as a result of the coronavirus (COVID-19), the two companies have chosen to pre-empt likely budget cuts and lessen […]

Aerospace, Defense & Security, Business Fundamentals

Grumman’s sentimental take-off fueled by order backlogs and contract wins

Northrop Grumman’s sentiments have risen, driven by a double digit order backlog growth, contract wins, and the impressive performance of its aerospace and weaponry programs, says GlobalData, a leading data and analytics company. GlobalData’s Company Filing Analytics platform found that Grumman’s overall sentiment score rose 20% in the fourth quarter (Q4) of 2019 compared to […]

Aerospace, Defense & Security

As Boeing’s problems mount Airbus sales stall

As setbacks for Boeing’s 737 MAX accumulate, uncertainty over its path to recertification continues to impact companies within Boeing’s US supply chain, says GlobalData, a leading data and analytics company. While some companies attempt to solicit business elsewhere, others cut jobs in order to deal with reduced demand. For example, General Electric has moved towards […]

Aerospace, Defense & Security

France boosts defense acquisition budget to 27.3% to enter 21st century warfare, says GlobalData

France’s latest defense budget allocation for Fiscal Year 2020 (FY20) showcased another increase in acquisition spending, helping the country reach an overall expenditure of US$53.9bn, which preserves its place as one of the top spenders globally, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘France – FY 2020 Defense Budget Analysis, Competitive […]

Aerospace, Defense & Security

Northrop Grumman’s OmegA rocket moves step closer to achieving Space Force bid

Following today’s news (Friday 28 February) that Northrop Grumman’s OmegA rocket has completed the second stage of a static fire test; Madeline Wild, Associate Aerospace, Defense and Security Analyst at GlobalData, a leading data and analytics company, offers her view on the implications of this event: “OmegA successfully completing its second stage static fire test […]

Aerospace, Defense & Security

Mitsubishi moves closer to capitalize on Asia-Pacific commercial aircraft market, says GlobalData

Following today’s news (27th February) that Mitsubishi Aircraft Corporation, an MHI Group company, has completed its maiden flight with the first Pratt & Whitney GTF PW1200G engine assembled in Japan; Mathew George, Defense Analyst at GlobalData, a leading data and analytics company, offers his view: “The announcement comes at a time when the commercial aircraft […]

Aerospace, Defense & Security

Fresh investments in Patriot Defense System illustrate deteriorating security environment for US’s allies

Following the news that Raytheon’s Patriot will receive a US$314m investment from global partners, Nicolas Jouan, Defense Analyst at GlobalData, a leading data and analytics company, offers his view on the context of these investments: “Raytheon’s Patriot investment is excellent news for the US-based company, whose missile systems business was still its highest source of […]

Aerospace, Defense & Security

Germany’s defense acquisition budget reaches $19.3bn to address fleet readiness issues, says GlobalData

Germany will spend US$19.3bn on the acquisition of defense equipment in 2020 in an attempt to combat ongoing issues with fleet readiness and military capabilities, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Germany – FY 2020 Defense Budget Analysis, Competitive Landscape and Forecasts’, reveals that 35.9% of FY2020’s total defense budget […]

Aerospace, Defense & Security

Demand for unmanned surface vehicles driven by non-lethal assignments

A number of benefits relative to manned systems such as their low cost and long endurance are driving demand for unmanned surface vehicles (USVs). Countries are increasing their research and development (R&D) investments and procurements for these vehicles to stay on par with technological developments and to also reduce the risks to human life in […]

Aerospace, Defense & Security

Airbus invests as Boeing suffers another setback, says GlobalData

Following the news that debris has been found in the fuel tanks of stored Boeing 737 MAXs; Harry Boneham, Associate Analyst at GlobalData, a leading data and analytics company, offers his view: “The discovery of foreign object debris (FOD) seems to have further justified the recent pivot from General Electric away from Boeing, and the […]

Aerospace, Defense & Security

BAE’s positive performance will be supported by future armoured vehicle deliveries to the US

Following today’s news (Thursday 20th February) that BAE Systems has met growth forecasts; Harry Boneham, Associate Analyst at GlobalData, a leading data and analytics company, offers his view: “BAE Systems has managed to overcome the setback delivered by the slashing of armoured vehicle production for the US Army in its 2021 budget proposal, and future […]

Aerospace, Defense & Security

Airbus prototype prioritises fuel efficiency, says GlobalData

Following Airbus’s reveal of a scale model demonstrator of its blended wing body aircraft design; Harry Boneham, Associate Analyst at GlobalData, a leading data and analytics company, offers his view: “The novel blended wing body design has the potential to reduce fuel consumption by up to 20%, which is a positive development amid growing public […]

Aerospace, Defense & Security

Aerojet Rocketdyne hypersonic propulsion contract in interception program opens door to complimentary programs

Following the news that Aerojet Rocketdyne was recently awarded a cost-plus-fixed-fee contract for $12,131,241 by the Defense Advanced Research Projects Agency (DARPA), with a completion date of February 2021; Anthony Endresen, Defence Analyst at GlobalData, offers his view: ‘‘This contract is a significant step in the development of an effector for hypersonic glide vehicle defense. […]

Aerospace, Defense & Security

Airbus prototype prioritizes fuel efficiency, says GlobalData

Aerospace, Defense & Security

Germany agrees to develop Europe’s new fighter but keeps partners guessing

Following yesterday’s news (Wednesday 12 February) that the German Bundestag voted credits for the joint-development of the Future Combat Air System (FCAS); Nicolas Jouan, Defense Analyst at GlobalData, a leading data and analytics company, offers his view on the current state of the program: “News that the Budget Commission of the German Budestag finally voted […]

Aerospace, Defense & Security

Sentiments remain grounded for Boeing with its turbulent journey not over yet, says GlobalData

Ever since the grounding of 737 MAX started, the overall sentiments for The Boeing Co (Boeing) has been on a declining trajectory for three straight quarters in 2019, says GlobalData, a leading data and analytics company. GlobalData’s Company Filing Analytics platform, which analyzes and showcases sentiments across companies and sectors by scanning through earning transcripts […]

Aerospace, Defense & Security

Nuclear-powered ballistic missile submarines set to be fastest growing segment in global submarine market by 2029

Navies across the globe are enhancing their undersea warfare capabilities by commissioning advanced submarines, primarily to gain asymmetric advantage over their opponents and to protect their national interests. Therefore, nuclear-powered ballistic missile submarines (SSBN) are expected to account for 40% revenue share of the total global submarine market by 2029, which is up from 29% […]

Aerospace, Defense & Security

Frigates set to be fastest growing segment in global naval vessels and surface market by 2029

With Western defense budgets increasing and continued growth in Asia-Pacific, there is a strong demand for naval force procurement and modernization with 215 new frigates expected to enter service worldwide between 2019 and 2029. According to GlobalData, a leading data and analytics company, frigates are expected to account for 28.7% revenue share of the total […]

Aerospace, Defense & Security

US bipartisan budget deal opens the way to largest defense budget in history and secures top ongoing military programs

After months of political negotiation and the looming threat of budget sequestration, American lawmakers agreed on a bipartisan budget act that was signed by President Trump on August 2, clearing the way for a record high FY20 defense budget that will secure top ongoing military programs, says GlobalData, a leading data and analytics company. Things […]

Aerospace, Defense & Security

APAC to drive global military UAV market to US$14.8bn in 2029, says GlobalData

Driven by increasing demand from the Asia-Pacific (APAC) region, the global military unmanned aerial vehicle (UAV) market is set to grow at a compound annual growth rate (CAGR) of 3.14% from US$10.9bn in 2019 US$14.8bn in 2029, according GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘The Global Military UAV Market 2019-2029’ reveals […]

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