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Latest Federal & Government Contracting Companies' News Coverage

Latest Federal & Government Contracting Companies' News Coverage

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A MarketsandMarkets report forecasts the value of the global unmanned aerial vehicles market to hit $14.9 billion in 2020, with an 8.12 percent compound annual growth rate from 2015 to 2020. The research firm said Tuesday the UAV market’s value reached $10.1 billion this year and North America accounted for about 65.53 percent market share. Technological […] More
New Research and Markets reports predict Asia-Pacific and North America to dominate the global markets for military radar, satellites and command, control, computers, communications, intelligence, surveillance and reconnaissance platforms over the next decade. Research and Markets said Monday spending on military radar tools in North America and Asia Pacific will account for at least 72 percent […] More
Boeing has offered an invite-only trailer of its conceptual design for a T-X military trainer platform during a recent Air Force Association event, Defense News reported Tuesday. Aaron Mehta writes Boeing and Saab designed the platform as their joint offering for the U.S. Air Force‘s T-38 replacement program. A Lockheed Martin–Korea Aerospace Industries partnership and […] More
A new Visiongain report forecasts the global military aircraft maintenance, repair and operations market will hit $49 billion in value in 2015. Visiongain said Friday the increasing adoption of new fighter aircraft among tier-one market players would spur growth in the industry. The 2015-2025 forecast covers maintenance aspects in operations and field, heavy airframe, heavy engine, […] More
U.S. Air Force Maj. Gen. Dwyer Dennis has said a budget-related postponement of the T-X trainer replacement initiative allowed the military service to rethink the program’s acquisition and requirements process, Aviation Week reported Monday. Amy Butler writes Dennis, director of global reach programs in the Air Force’s office of the assistant secretary for acquisition, told […] More
Thales and BAE Systems will collaborate with their partners in France and in the U.K. to develop an autonomous system intended to detect and counter sea mines and underwater explosive devices. The team will work to design a system prototype during the contract’s first phase, then manufacture and test the future mine countermeasure systems of […] More
A new Strategic Defense Intelligence report projects the global unmanned aerial vehicle market’s compound annual growth rate at 5.66 percent from 2015 through 2025, with autonomous combat vehicles to dominate the market. The report predicts North America and Europe to account for more than 67 percent of the UAV market over the next 10 years, ReportsnReports […] More
A new Research and Markets report forecasts that the market for military electro-optical and infrared systems will climb in value at a 7.71 percent compound annual growth rate to reach $16.35 billion revenues by 2020. The company said Thursday that strategies to establish uncontested market space and increased military spending will drive fast-paced growth for the EO/IR market, particularly in the […] More
The Northrop Grumman-led team of contractors in a competition to build a new trainer jet for the Air Force will offer a new airplane design for the $1 billion program, Aviation Week reported Friday. Amy Butler writes Northrop’s Scaled Composites subsidiary will work on the design for the intended T-38 replacement jet and aims to conduct the first flight […] More
MarketsandMarkets has projected the global electronic warfare market will expand from $17.7 billion in 2014 at a 5.37 compound annual growth rate to reach $24.3 billion by 2020. The research firm said Friday modern EW systems are built with digital and signal processing technology and that smaller EW platforms for unmanned aerial vehicles and patrol […] More
Exelis has won a more than $17 million contract from shipbuilder Saab to supply electronic support measures to Sweden. The company will build ES-3701 electronic warfare technology for situational awareness, targeting, self-protection and surveillance missions, Exelis said Tuesday. “Our ESM technology will equip Sweden to handle a range of emerging threats they face, now and in […] More
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