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Latest Federal & Government Contracting Companies' News Coverage

Latest Federal & Government Contracting Companies' News Coverage

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Raytheon and France-based military electronics maker Safran have partnered to develop sighting systems intended for combat vehicles. Both companies signed a memorandum of understanding to integrate their electro-optical and inertial measurement unit technologies to produce a forward-looking infrared sighting device, Raytheon said Wednesday. Kim Ernzen, vice president of Raytheon’s land warfare systems business, the integrated technology will work to […] More
Raytheon has moved to update its forward looking infrared targeting system that works to help U.S. Army detect targets through rain, smoke, fog and snow. The company said Monday its third-generation FLIR technology, called the Long Range Advanced Scout Surveillance System, is designed to offer military personnel wide, medium, narrow and ultra-narrow fields of view. Clay Towery, a director […] More
The U.S. Navy has begun to incorporate new technology platforms into the Block III version of the Boeing-built F/A-18 Super Hornet fighter jet in an effort to address emerging threats, the National Interest reported Wednesday. Some of the technologies that will be installed on the Block III Super Hornet aircraft include the Advanced Targeting Forward Looking […] More
A Research and Markets report forecasts the worldwide market for targeting pods will experience a 6.61 percent compound annual growth rate in the next five years as military agencies increase aircraft procurement and modernization efforts. The targeting pods market’s value is projected to increase from $3.3 billion in 2017 to $4.5 billion by 2022, Research Markets said Thursday. Lockheed Martin, L3 […] More
A new Research and Markets report predicts the global man-portable military electronics market will reach $6.4 billion by 2027 with a compound annual growth rate of 3.29 percent due to the increasing complexity of modern warfare techniques and soldier modernization efforts. The company said Friday it expects the communication segment to hold a market share of 56.7 percent over the […] More
Raytheon has secured a $54.2 million delivery order to repair an infrared technology that works to help the U.S. Navy‘s F/A-18 fighter pilots locate and designate targets. The Defense Department said Tuesday the order covers Advanced Targeting Forward Looking Infrared System repair services and DoD expects the company to finish work in December 2019. The full […] More
A fresh Research and Markets report suggests a growing demand for data in commercial applications will help buoy the global unmanned aerial vehicle market to reach $21.23 billion by 2022 from $5.97 billion in 2016. The report predicts the global drone market will grow at a compound annual growth rate of 20 percent from 2016 […] More
Research and Markets predicts that the radar security market will continue growth to reach a value of $25.17 billion by 2022 at a compound annual growth rate of 5.9 percent as demand for the technology increases. Countries interested in radar security systems to protect their borders and critical infrastructure will help drive market growth, the market research company said […] More
A MarketsandMarkets report forecasts the airport and marine port security market’s value will grow from $53.84 billion this year to $110.52 billion in 2025, representing an 8.3 percent compound annual growth rate. The research firm said Friday the market growth will be driven by governmental efforts to implement advanced security systems at various ports of entry. The surveillance technology segment is projected […] More
A Research and Markets report on the global explosive detection systems market forecasts the industry will see an 11.4-percent compound annual growth rate over the next five years. The research firm said Monday it predicts the explosive detectors market’s value will grow from $3.56 billion last year to $6.12 billion in 2020 due to an increase […] More
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