US aerospace and defence companies will continue to face challenges in the coming years despite the negotiated budget deal, industry representatives have suggested.
Under the budget deal, which was signed by Barack Obama on 26 December, automatic spending cuts will be eased as it allows expenditure to rise by $63 billion over scheduled levels in FY2014 and FY 2015.
Although the budget deal softens the short-term impact of sequestration it does not provide a long-term outlook for the industry. In addition, defence spending, now set at $498 billion, is still $30 billion below the requested budget with the FY2015 budget
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The initial document focused more on creating the right partnerships and inspiring investment in defence than on any details of how future UK Armed Forces would be armed.
The first stage of developing a new UK Defence Industrial Strategy has highlighted failings in current structures with solutions expected to be proposed in next year’s full strategy.
Romania joined NATO more than two decades ago and the country is vital to the alliance’s geographic reach and its ability to supply Ukraine with weapons.
Although Trump’s geopolitics policy for Europe remains unclear, defence analysts from the US and Europe predict how his incoming administration would attempt to handle critical issues on the continent.
The UK budget announced in Parliament on 30 October was the first by a Labour government in 14 years which has also launched a review into defence procurement programmes.
The Australian government has placed a focus on Guided Weapons and Explosive Ordnance (GWEO) which has included the purchase of additional long-range rocket systems and investments in local production of missiles.
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