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Latest Federal & Government Contracting Companies' News Coverage

Latest Federal & Government Contracting Companies' News Coverage

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A market report by WinterGreen Research predicts that the global market for law enforcement robots will reach a $5.7 billion value in 2022 due to an increased number of terrorist threats around the world, WhaTech said Saturday. Pramod Dige writes the “Law Enforcement Robots: Market Shares, Market Strategies, and Market Forecasts, 2016 to 2022” study attributes the growth of […] More
Raytheon has been selected to manufacture the Naval Strike Missile at a company facility in Louisville, Kentucky under an initial contract with Norway-based Kongsberg Defence Systems. Waltham, Mass.-based Raytheon said Wednesday it will also conduct final assembly, integration and tests of the NSM at a site in Tucson, Arizona. Taylor Lawrence, Raytheon missile systems president, said the contract will help create additional job opportunities while providing launchers […] 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 new Research and Markets report forecasts the global security robots market to grow to $2.36 billion by 2022 at a compound annual growth rate of 8.56 percent. Research and Markets said Thursday that geopolitical crises, territorial conflicts and adoption of unmanned systems drive the global market for security robots. The report noted that the […] More
Visiongain predicts in a new report that the global military smart weapons market will hit $22.32 billion in 2016. The report examines the market’s competitive landscape and identifies potential business opportunities, Visiongain said Monday. Visiongain also analyzes potential developments in the following five submarkets within the military smart weapons sector over the next 10 years: Radar-guided military […] More
Visiongain’s new report predicts that the military unmanned maritime vehicles market will be worth $810.9 million by the end of 2016. The company said the growth is due to the increased technological development and crossover between commercial and military needs. “Globally, militaries are turning to UMVs to augment their manned capabilities,” said Sophie Hammond, Visiongain’s […] More
A fresh Research and Markets report has projected the global autonomous underwater vehicles market’s growth to rise at 13.42 percent annually over the next five years, reaching $343.4 million by 2020. Research and Markets stated that the report expects the commercial, scientific and defense sectors to drive demand for AUVs, with commercial applications projected to […] More
Northrop Grumman has built a ground surveillance aircraft for NATO that is intended to fulfill the intelligence, surveillance and reconnaissance requirements of the alliance. The wide area surveillance Global Hawk system features a multiplatform radar technology insertion program sensor that works to transmit operational data to commanders, Northrop said Thursday. NATO will use the aircraft in various missions […] More
A new Research and Markets report has forecast a sonar systems and technology market worth $4.90 billion by 2020 from $3.41 billion in 2014. The report tackles various factors that influence market dynamics and examines the technology’s landscape in more than 12 countries, Research and Markets said Tuesday. The market analyst noted that tier-one market players, including Ultra Electronics, Thales Underwater Systems and Kongsberg […] More
A new report by Visiongain indicates a slowdown in defense spending on military land vehicle electronics over the next year due to the end of ground troop deployments to Afghanistan and Iraq. The market will stall in North America and most of Europe, but Visiongain said Tuesday that modernization programs in Australia and France will help the market reach […] More
Military personnel from four U.S. partner nations demonstrated Raytheon-made combat missiles from air and ground platforms at Sweden’s Vidsel test range in September. Raytheon said Monday Norwegian, Swiss, Turkish and Finnish armed forces launched five AIM-120C7 medium range air-to-air missiles during the Thor’s Hammer exercise. The AMRAAMs hit their targets after they were fired from […] More
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