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GlobalData
GlobalData

Aerospace, Defense & Security

Indigo remains biggest buyer of Airbus aircraft in APAC, reveals GlobalData

Indigo recently ordered 30 A350-900 wide-body aircraft from Airbus, as it looks to expand its international network to long-haul destinations. The Indian carrier’s expansion plans into more international destinations underscore the strong growth witnessed in the country’s travel landscape, propelled by factors such as a steady uptick in business travel, rising disposable income, and economic […]
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Boeing P-8A aircraft contract bolsters Australia maritime defense amid rising regional tensions, says GlobalData

Following the news that Boeing has been awarded a contract to deliver software, systems and sensor upgrades to enhance the anti-submarine warfare, maritime strike and intelligence collection capabilities of the Royal Australian Airforce’s (RAAF) P-8A Poseidon maritime patrol aircraft; Akash Pratim Debbarma, Defense Analyst at GlobalData, a leading data and analytics company, offers his view: […]
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Boeing MQ-28 Ghost Bat production facility major milestone for Australia defense manufacturing, says GlobalData

Boeing Australia is constructing a new production facility to manufacture the MQ-28 Ghost Bat unmanned combat aerial vehicle (UCAV), marking a major milestone in Australian aerospace manufacturing. The country’s defence minister has earlier stated that the MQ-28 is the first domestically designed, engineered, and manufactured military aircraft in over 50 years, underscoring the significance of […]
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Netherlands defense expenditure to reach $31.2 billion in 2029, forecasts GlobalData

The Netherlands aims to improve military readiness and contribute more to NATO following worries about the return of high-intensity warfare in Europe and the future of transatlantic security cooperation. Faced with mounting concern regarding the stability of the rules-based international order, the Netherlands is forecasted to increase defense spending from $22.8 billion in 2024 up […]
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Dhruv helicopters enhance India military capabilities, bolster tactical transport and maritime surveillance, says GlobalData

Following the news that India’s Ministry of Defence has inked two contracts with state-owned Hindustan Aeronautics Limited (HAL) for 34 advanced light helicopters (ALH) Dhruv Mk III for the Indian Army and the Coast Guard; Udayini Aakunoor, Defense Analyst at GlobalData, a leading data and analytics company, offers her view: “The contract valued at $974 […]
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Agni-5 successful test allows India to deploy MIRV equipped submarine-launched ballistic missiles, says GlobalData

Following the news that the Defence Research and Development Organisation (DRDO) conducted first successful flight test of indigenously developed Agni-5 missile with multiple independently targetable re-entry vehicle (MIRV) technology; Tushar Mangure, Defense Analyst at GlobalData, a leading data and analytics company, offers his view: “India is now among the very few nations in the world […]
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Deteriorating global security environment to spur US defense expenditure to $931.6 billion in 2028, forecasts GlobalData

The US aims to improve military readiness and strengthen deterrence in an era defined by rising aggression from authoritarian governments and non-state actors. Faced with growing concerns about the stability of the rules-based international order, the US is forecasted to further increase defense spending to $931.6 billion in 2028, up from $818.8 billion in 2023, […]
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Re-Horizon 3 initiative to spur Philippines defense expenditure to $6.2 billion in 2029, forecasts GlobalData

The Philippines is embarking on an ambitious “Re-Horizon 3” military modernization initiative amidst the escalating territorial disputes in the South China Sea. Despite financial constraints, the country aims to bolster its defense capabilities through strategic acquisitions. With an anticipated increase in defense expenditure, reaching $6.2 billion in 2029, the Philippines seeks to enhance maritime and […]
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Modernization initiatives to spur Vietnam defense budget at 5.6% CAGR over 2025-29, forecasts GlobalData

Vietnam’s volatile relationship with China and territorial disputes in the South China Sea have compelled the country to enhance its military capabilities. With China’s growing military might and assertiveness in the region, Vietnam is undertaking modernization initiatives for its armed forces, which will increase its defense budget to an estimated $10.2 billion by 2029, with […]
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US military simulation spending to exceed $26 billion annually up to 2028, forecasts GlobalData

The US is poised to significantly bolster its military simulation and training expenditure, surpassing $26 billion annually up to 2028. With a focus on enhancing military readiness and response capabilities, this substantial investment underscores the nation’s commitment to aerospace, defense, and security. The allocation of resources into advanced training systems reflects the evolving geopolitical landscape […]
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India’s interim defense budget signals focus on modernization to align with evolving geopolitical landscape, says GlobalData

Following the news that Indian Finance Minister Nirmala Sitharaman presented the interim budget ahead of the general elections to be held later this year; Rouble Sharma, Defense Analyst at GlobalData, offers her view: “India has unveiled an interim budget, which is strategically aimed at sustaining essential operations until a comprehensive budget can be presented. The […]
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South Korea likely to focus on diversifying defense exports in Europe to offset volatility in Polish orders, says GlobalData

The recent change of leadership in Poland will compel Seoul to engage freshly with the new administration to ensure the continuity of its defense exports to Poland. The political change in Poland casts a shadow on the continuity of a portion of defense orders. To mitigate risks that could arise from losing a significant portion […]
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Tomahawk missile procurement will strengthen Japan’s deterrence capabilities, says GlobalData

Japan’s acquisition of Tomahawk cruise missiles, under a major foreign military sale (FMS) agreement with the US, follows a significant shift in the country’s military policy in recent years. The acquisition comes in light of North Korean and Chinese military buildup and increased activity in the Indo-Pacific region. The procurement of Tomahawk missiles will play […]
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Missile deal with Lockheed Martin to bolster Australia’s area denial capabilities, says GlobalData

The Australian Ministry of Defense (MoD) recently signed a $24.5 million deal with Lockheed Martin Australia to bolster its defense capabilities by locally manufacturing Guided Multiple Launch Rocket Systems (GMLRS) munitions. The missile deal is expected to boost the country’s area denial capabilities, according to GlobalData, a leading data and analytics company. GlobalData’s “The Global […]
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Drishti-10 Starliner procurement emphasizes India’s focus on indigenization, says GlobalData

A growing threat from China and Pakistan is driving India to procure advanced unmanned aerial vehicles (UAVs) from domestic companies such as Adani Defence and Aerospace  The ongoing procurement of the Drishti-10 Starliner, a version of the Hermes 900 medium-altitude long endurance (MALE) UAV, which was jointly manufactured by Elbit Systems Ltd and Adani Defence […]
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