Today Joe Delmont presents the 2021 forecast for Tactical Military Equipment production in North America. This forecast has been developed by Carol Turner, Senior Analyst of Global Operations, at Power Systems Research. Carol provides annual production forecasts for important equipment applications.
Transcript
Welcome to the PSR PowerTALK podcast produced by Power Systems Research.
00:06
From Power Systems Research I’m Joe Delmont, editor of PSR PowerTALK.
Today we’ll discuss a datapoint covering 2021 North American production of tactical military equipment.
When we talk about North America in this podcast, we mean Canada and the United States. For purposes of this podcast, the tactical military equipment is defined as any tracked and wheeled vehicle for land-based military transport and activity.
This forecast has been developed by Carol Turner, Senior Analyst of Global Operations at Power Systems Research. Carol provides annual production forecasts for important equipment applications.
00:52
We expect that production of these units in North America this year will be about 7400 units. That would be up about 1200 units, or 20% from last year.
In 2020 we saw a big drop from the previous year. 2020 production was down nearly 24%, or nearly 2000 units from 2019.
As much as 70% of North American production of tactical military equipment is shipped worldwide.
01:26
Oshkosh Defense leads in the production of these military units with 52% of total units produced. In second position is AM General with about 39%, and 3rd is General Dynamics Land Systems with combined plant totals of about 4%.
01:46
Orders for new military equipment are on the increase along with the remanufacturing of existing units.
The outlook is especially positive for Oshkosh Defense, which produces the Joint Light Tactical Vehicle, dubbed the JTLV. This unit is expected to replace a large number of the humvee fleets now operated by the Army and the Marines. According to the Marine Corps, orders for the JTLV could increase significantly in the coming years as interest grows among Defense Department customers and overseas allies. Oshkosh Defense, which has delivered more than 100,000 tactical armored vehicles, has been selected as the prime contractor.
Expect production to increase up to 10% over the next five years as defense budgets increase for new military vehicles.
02:43
This data is pulled from two of the major Power Systems Research databases: OE Link — the database of OEM production and forecast data, and EnginLink — which provides engine production, forecasts, and specification data.
Look for datapoint reports every month in the PSR PowerTALK news report and on this podcast.
Contact us for more information on other off-road products and on-highway vehicles.
03:12
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