ReportsnReports: Global Military Fixed-Wing Aircraft Market to Reach $87B by 2025

ATK:Airbus Transport AircraftReportsnReports has released a new study that predicts the global military fixed-wing aircraft market will reach $87.5 billion by 2025.

The increase represents a compound annual growth rate of 3.64 percent from 2015 to 2025, with North America as the dominant market, ReportsnReports said Friday.

The U.S. is expected to spend $260.9 billion total over the next 10 years on military fixed-wing aircraft, according to the report.

The ReportsnReports analysis examines demand drivers, growth stimulators for military aircraft and modernization patterns of various regions worldwide.

The report also highlights recent technological developments in the global military aircraft market, industry trends and market challenges.

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

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.