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J.P. Morgan's Seth Seifman: Hypersonic Weapon Sales to Exceed $5B by Mid-2020s

J.P. Morgan's Seth Seifman: Hypersonic Weapon Sales to Exceed $5B by Mid-2020s - top government contractors - best government contracting event

J.P. Morgan's Seth Seifman: Hypersonic Weapon Sales to Exceed $5B by Mid-2020s - top government contractors - best government contracting eventSeth Seifman, an analyst with J.P. Morgan, has said he predicts sales of hypersonic missiles to go beyond $5B by the middle of 2020s as the Defense Department prioritizes the development of the weapons technology, CNBC reported Wednesday.

He cited several defense companies that may pursue hypersonic contracts such as Lockheed Martin, Raytheon, Northrop Grumman, Boeing, Aerojet Rocketdyne and Kratos.

Seifman said he thinks there will be an opportunity for a hypersonic defense platform consists of a “system for intercepting hypersonic missiles within the atmosphere“ and a space-based warning technology.

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Written by Jane Edwards

is a staff writer at Executive Mosaic, where she writes for ExecutiveBiz about IT modernization, cybersecurity, space procurement and industry leaders’ perspectives on government technology trends.

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