SDI Report: Military Radar Market Valued at $13B by 2024

market researchA new Strategic Defence Intelligence report released through ReportBuyer states that the global military radar market will reach a value of $13.3 billion by 2024 at a compound annual growth rate of 1.41 percent.

ReportBuyer said Monday the “The Global Military Radar Market 2014-2024 – Market Size and Drivers: Market Profile” report also includes an analysis of spending patterns and modernization activities in the sector.

SDI segments the market into naval, airborne, ground-based and space-based radar systems.

It has pegged the current value of the global military radar market at $11.6 billion.

You may also be interested in...

Jay Lambke President GAI

Government Acquisitions Obtains SBA HUBZone Program Certification; Jay Lambke Quoted

Cincinnati, Ohio-based company Government Acquisitions Inc. has been accredited by the Small Business Administration under a program that seeks to provide economic benefits to government contractors from historically underutilized business zones.

Satellite launch

SpaceX Launches Satellite for Multinational Ocean Observation Effort

SpaceX has sent to space a satellite designed to monitor sea levels across the globe under a U.S.-U.K. partnership. The Sentinel-6 Michael Freilich satellite lifted off from Vandenberg Air Force Base on a mission to collect sea level data, support ship navigation and inform weather forecasts, NASA said Sunday.


KBR Gets $65M Navy Contract Modification for Base Support Services

KBR has received a one-year, $64.8M contract modification to carry out base operating support services at various U.S. Navy installations in Djibouti and Kenya.