Craig works as a senior analyst on Aviation Week Network’s military and commercial forecast databases, specializing in military aircraft markets and global defense spending trends. Prior to joining Aviation Week he spent 12 years at Jane’s working as an analyst and consultant on global aerospace and defense markets.
Traditionally when increased regional tensions and high oil prices coincide, defense spending in the Middle East and North Africa tends to see robust growth.
Combined spending on procurement and RDT&E will reach 36.6% of overall U.S. defense spending in fiscal 2027, a level not seen since the end of the Cold War.
