Downturn predicted in light military helicopter market

NEWTOWN, Conn., Nov. 4 (UPI) -- Production of light military helicopters is tipped for a downturn between 2017 and 2028 as a result of worldwide cutbacks in defense spending.

According to Forecast International, a market research and analysis firm, a total of only 55 light military helicopters are predicted to be manufactured in 2028, down from 208 in 2016 and 166 next year.

"Ongoing rotorcraft procurement programs are being stretched out, reduced in size and scope, or even canceled altogether," said Forecast International senior aerospace analyst Raymond Jaworowski. "At the same time, very few new-start programs have emerged that would help keep production rates up."

The reduction in procurement of light helicopters, and thus their production, will be felt the most in Europe and the United States, although manufacturers will still be able to find opportunities to sell their products in the Middle, Latin America and Asia.

Overall, a total of 1,495 light military aircraft will be produced between 2014 and 228, with an estimated value of $23.6 billion in 2014 dollars, the company predicted.