Vector Strategy Publishes New Forecast of Military Vehicle Armor Procurement
(Source: Vector Strategy Inc.)
12:00 AM, September 25, 2008
SOUTHERN PINES, N.C. --- Vector Strategy has published a new release of their Armor Procurement Forecast for US Military Ground Vehicles. According to Marcia Price, president of Vector Strategy, "Due to the uncertain funding environment facing the US military armored vehicle market, we present two forecast scenarios in the newest release of our armor procurement forecast. We believe this will provide our clients with a more complete assessment of the market they face.">> These two forecast scenarios are driven by different assumptions in the following key areas: US troop deployment in Iraq and Afghanistan, emphasis on investment in conventional versus irregular warfare, tradeoff between investing in current force versus future force equipment, size of DoD budget inclusive of supplementals through FY15, equipment needs for Grow-The-Force and modular transformation, and outcome of the US presidential elections.>> Vector Strategy projects that between $15 billion and $22 billion of armor for US military ground vehicles will be procured by the Department of Defense for US military forces between 2009 and 2015 (seven years inclusive). The $22 billion reflects a steady-state or stable DoD budget environment (Scenario A) and the $15 billion reflects a more austere or retrenched DoD budget environment (Scenario B).>> Scenario A is close to a best case scenario, but not quite. It does not present a DoD budget environment of total unconstraint, nor does it fund everything on the DoDs wish list. But it does assume a continued period of supplemental funding that moves the DoD, and especially the US Army, to a fully recovered and equipped position by the end of the forecast period.
Vector Aerospace Corp has begun service on a contract signed with the Pakistan Navy that will see the return to refurbish three Leonardo Helicopters (ex-Westland) Sea Kings.
The refurbishment work required to bring the aircraft back...