Europe’s new political consensus: We need to make more weapons
The war in Ukraine has shifted thinking — both among politicians and the public — on the need to spend more on defense.www.politico.eu
www.telegraph.co.uk
www.telegraph.co.uk
www.telegraph.co.uk
www.telegraph.co.uk
Once again a lazy headline. This is comparing the production and refurbishment of 122 mm, 152 mm, 203 mm shells and probably also mortar shells in Russia to new production of 155 mm shells in West with badly underestimated numbers for the latter due to bad sourcing.From yesterday:
Ukraine-Russia war latest: Putin's forces 'capture village in Kharkiv'
Russia’s defence ministry says its forces have captured a village in the northeastern Kharkiv region.
www.flightglobal.com
www.defensenews.com
Is GD the only company in the US producing such, or are there more?
www.defensenews.com
The gap is narrowing, it's about 3.6% vs 2.9% now.Powerful GOP senator eyes ships, jets, nukes in defense spending surge
Sen. Wicker's plan lays out an additional $55 billion above FY25 defense spending caps.
Oddly enough, there is very little movement on extending tax cuts and the talk is of a doubling of capital gains taxes, so raising defense spending from 3% to 5% of GDP is very much a real possibility. But there again, with GDP growth well below inflation, it all just amounts to a bigger slice of a shrinking pie.
tradingeconomics.com
tradingeconomics.com
The gap is narrowing, it's about 3.6% vs 2.5% now.
United States Full Year GDP Growth
Full Year GDP Growth in the United States increased to 2.50 percent in 2023 from 1.90 percent in 2022. This page includes a chart with historical data for the United States Full Year GDP Growth.United States Core Inflation Rate
Core consumer prices in the United States increased 3.60 percent in April of 2024 over the same month in the previous year. This page provides - United States Core Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.
Well my source is the US Bureau of Economics and it covers inflation and growth over the period of a year rather than quarter to quarter. If you look at the stats on your link it shows two quarters at 4.3% and 3.4% prior to 1.3% in the last quarter. So there was two quarters of very strong growth one after the other, each one growing by a large amount on the previous quarter, so 1.3% on top of that again is really okay. Average them out and it's 3.2%.
GDP: US economy grew at a slower pace than initially thought in Q1
The reading came in significantly lower than fourth quarter GDP, which was revised up to 3.4%finance.yahoo.com
Growth is slowing to 1.3% and there’s a possible uptick in inflation. Throw in the economic impact of higher taxes and the higher inflation from more spending and we’re headed for a lost decade of stagflation. Doubling the capital gains rate will definitely crater equities in the run up to the increase will probably hit GDP growth in a big way going forward.
And realistically, 5% of GDP on defense is just a down payment on Cold War II. In the Eisenhower era it was closer to twice that. And the top income tax rate was 92%!
tradingeconomics.com
tradingeconomics.com
Dirt lot to >500k shells per year in 2 years!
I wonder if Germany and the Netherlands might also order the Globaleye. It would add a much-needed capability to the Luftwaffe and the Koninklijke Luchtmacht.Guess the Swedish will be exercising the option for an additional Globaleye....
This is arguably as important as the F-16 transfer's....
View: https://twitter.com/Osinttechnical/status/1795724163652665813?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet
Saab is also pushing a joint Nordic/Baltic Glabaleye capability...given Globaleye was offered to Finland as part of the HX Gripen bid, add in Norway, Denmark and (probably) Poland down the line once they've learnt the ropes with the ex-UAE Saab 340 Erieye and it makes a lot of sense...a unit of 9 Globaleye shared between them could cover all of Scandinavia, High North, Baltic and Poland and be a massive boost for NATO/Europe...take a bit of pressure off the UK's fleet of E-7 (even if we do do the sensible thing and increase the order to 5...).
Pooled GlobalEye surveillance aircraft fleet would boost Nordic defences, Saab says
Saab sees multiple opportunities to add to its customer list for the GlobalEye surveillance aircraft, including through a potential pooled service which would enhance monitoring of the Nordic/Baltic region.
And they're also in the hunt for a South Korean order for 4 (would have though SK would buy additional E-7 though...), a Canadian order...and replacing the French E-3F....
