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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
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
Transparency Market Research has released a report that predicts the global military radar market will reach $8.44 billion in worth in 2019. The increase represents a 2.9 percent compound annual growth rate from the $6.9 billion recorded in 2012, Transparency Market Research said Thursday. Security and economic concerns, strategic alliances, border protection issues, growing government defense investments and increasing demand […] More
A Research and Markets study projects the missile defense systems market will see a compound annual growth rate of 3.11 percent in the five years leading up to 2018. The projected increase is based on industry’s annual sales of self-guided and propelled missiles for military operations globally, Research and Markets said Tuesday. ATK, Boeing, BAE Systems, […] More
Chris Chadwick, head of Boeing‘s defense, space and security division, has outlined the company’s strategy to compete for major U.S. military programs in an interview with Defense News published Sunday. Chadwick highlighted the U.S. Air Force‘s Long-Range Strike Bomber and T-X trainer programs, as well as the Navy's Unmanned Carrier-Launched Surveillance and Strike project as key to the company’s defense market growth. Chadwick also discussed […] More
Research and Markets has released a new report that predicts the military radar global market could reach a total value of $8.4 billion by 2019 from the $6.9 billion recorded in 2012. Increased demands from the army, navy and air force services, as well as emergency responders have spurred the military radar market's growth worldwide, Research and […] More
Raytheon has pledged up to $5 million for a 10-year agreement with the University of Massachusetts Lowell to launch a joint research institute to enable collaboration between students and Raytheon employees. The Raytheon-UMass Lowell Research Institute is expected to facilitate securing federal funding for research as well as research and employment opportunities, the company said Tuesday. “The creation of […] More
A MicroMarket Monitor report forecasts the North American security and surveillance radar market to be worth up to $2.03 billion in 2019, a compound annual growth rate of 4.64 percent over the next five years. The market research firm said Sunday that the region would keep its status as the top spender on security and surveillance radar systems, […] More
The small unmanned aerial vehicle market is projected to grow by the end of 2019 at a 22 percent compound annual growth rate to a total market value of $582.2 million, according to a recent MarketsandMarkets report. The six-year global forecast on the small and man-portable UAV market classifies the technology based on trends, propulsion, payload, application, region […] More
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