Back to news

June 19, 2019 | International, Aerospace

Boeing Forecasts $8.7 Trillion Aerospace and Defense Market through 2028

--Growing demand expected across commercial air travel, defense, space and services markets
--20-year commercial outlook projects $16 trillion market, powered by rising requirement for 44,040 new jets and related services

LE BOURGET, France, June 17, 2019 /PRNewswire/ -- A strong commercial aviation industry, stable defense spending and the need to service all platforms throughout their lifecycle are driving a growing aerospace and defense market, according to the Boeing Market Outlook. Released today at the Paris Air Show, the outlook values the aerospace and defense market at $8.7 trillion over the next decade, up from $8.1 trillion a year ago.

The Boeing Market Outlook (BMO) includes a $3.1 trillion projected demand for commercial airplanes through 2028 as operators replace older jets with more capable and fuel-efficient models, and expand their fleets to accommodate the steady rise in air travel across emerging and established markets.

Full article: http://www.asdnews.com/news/aerospace/2019/06/17/boeing-forecasts-87-trillion-aerospace-defense-market-through-2028

On the same subject

  • India ups foreign investment, but will stop importing weapons that can be made locally

    May 19, 2020 | International, Aerospace, Land

    India ups foreign investment, but will stop importing weapons that can be made locally

    By: Ashok Sharma, The Associated Press NEW DELHI — India announced Saturday that global companies can now invest up to 74 percent in the country's defense manufacturing units, up from 49 percent, without requiring any government approval. Finance Minister Nirmala Sitharaman expressed hope that the new policy will attract foreign companies with high-end technologies to set up their manufacturing bases in India in collaboration with Indian companies. Sitharaman's announcement came as part of reforms Prime Minister Narendra Modi's government is implementing to revive India's economy, which has been shattered by the coronavirus pandemic. She also told reporters that India will stop importing weapons that can be made in the country. “We will notify a list of weapons and platforms for ban on their imports and fix deadlines to do it,” she said, adding that this will improve self-reliance on defense manufacturing. India introduced up to 49 percent foreign direct investment in defense production in 2016 to attract modern technology in the country. That attracted more than 18.34 billion rupees (U.S. $244 million) until December last year, according to a government statement. India issues defense-industrial licenses for making tanks, military aircraft, spacecraft and their parts, UAVs, missiles for military purposes, and warships. India, a major buyer of military equipment, depended largely on the former Soviet Union during the Cold War. But it has been diversifying its purchases by opting for U.S. equipment as well. During U.S. President Donald Trump's visit to India in February, the two countries signed a deal for India to buy from the U.S. more than $3 billion in advanced military equipment, including helicopters. https://www.defensenews.com/global/asia-pacific/2020/05/18/india-ups-foreign-investment-but-will-stop-importing-weapons-that-can-be-made-locally

  • Germany needs to step up its role in defence as U.S. may do less in Europe, minister says
  • For US Air Force pilots, the toughest training flights are going virtual

    August 26, 2020 | International, Aerospace

    For US Air Force pilots, the toughest training flights are going virtual

    By: Valerie Insinna NELLIS AIR FORCE BASE, Nev. — A new simulator campus at Nellis Air Force Base could be key for the U.S. Air Force as it grapples with the question of how it can train pilots against complex threats like Russia and China at a budget-friendly cost. On Aug. 17, the Air Force opened the doors of the Virtual Test and Training Center, or VTTC, a new, $38 million building where pilots will practice advanced tactics in a simulated environment that replicates war against a near-peer nation. “When you think about great power competition and where we might have to fight — shipping out to fight a China or Russia, particularly — there is no live training venue for the joint force, certainly for the Air Force, that's big enough, that has the threat density that can replicate what China or Russia can do,” said Maj. Gen. Chuck Corcoran, who leads the U.S. Air Force Warfare Center at Nellis. While live exercises will remain an important component of pilot training, the VTTC will give the Air Force a way to simulate a vast battlespace populated by high-end threats. Users will be able to network with other pilots on the system — who fly F-16s, F-22s, F-35s and F-15Es, with perhaps more to come — and fly complex missions against virtual enemies that are impossible to emulate in live training exercises like Red Flag. The VTTC building, which Defense News toured during an Aug. 21 visit to the base, is currently empty. But it won't stay that way for long, said Lt. Col. Chris Duncan, an F-35 operational test pilot and commander of Detachment 1, 29th Training Systems Squadron. F-15E Strike Eagle simulators are slated to be delivered to the center in October and will go online in April 2021. The joint simulation environment — a government-owned virtual training environment currently under development at Naval Air Station Patuxent River, Maryland, and when finished will emulate high-end threats — is set to be fielded at the VTTC in October 2021. “Typically aircraft simulators have taught pilots how to fly them and basic employment,” Duncan said. “We're not worried about those things. We're assuming they already know that.” Instead, the training will focus on more robust mission sets, including advanced training for Air Force Weapons School students, operational testing of new platforms and large-scale war games, he said. The Air Force is deliberating how best it can expand the VTTC's capabilities over time on a limited budget. Among the factors under consideration is whether to buy additional simulators, such as ones for the new F-15EX. It may roll out the Nellis Mission Operations Network, on which the VTTC will run, to other bases such as Whitman Air Force Base in Missouri — the home to the service's only stealth bomber. There is also discussion about how to integrate the simulators on the network with live aircraft flying on the Nevada Test and Training Range, which would allow the VTTC to project synthetic threats to jets practicing midair tactics. Historically, the Air Force has been hard-pressed to fund advanced simulation efforts. The ultimate success of the VTTC may ultimately come down to whether there is enough money to continue funding simulators for additional aircraft and to keep upgrading hardware and software. Duncan said the Air Force is already keeping that point in mind. Instead of simulators that provide a completely accurate cockpit experience, the service is looking to save money by prioritizing simulators that can provide the experience of advanced missions, even if the simulator imagery or cockpit experience isn't completely realistic. But he underscored the cost-effectiveness of virtual training when compared to its live counterpart. “The payoff, the bang for the buck,” Duncan said, “it far surpasses what we can do in live flying.” https://www.defensenews.com/air/2020/08/25/for-air-force-pilots-the-toughest-training-flights-are-going-virtual/

All news