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Latest Federal & Government Contracting Companies' News Coverage
China has performed a flight test of the Shenyang Aircraft-built FC-31 Gyrfalcon fighter jet, Business Standard reported Monday. The fifth-generation fighter jet, which costs approximately $70 million per aircraft, is a cheaper version of the Lockheed Martin-built F-35 Lightning II aircraft and is designed to carry weapons that weigh up to 8 tons. FC-31 is the updated […] More
A new Research and Markets report states that the global military airlift market will decline at a 0.43-percent compound annual growth rate through 2019 due to high acquisition and operations costs for military transport aircraft. The company said Wednesday current trends in the market include the development of smaller aircraft for carrying supplies or military personnel or supporting […] More
Forecast International expects unmanned aerial vehicles to become a $2.3 billion industry by 2023 despite a slowdown in production in the coming years, Military &  Aerospace Electronics reported Monday. John Keller writes the market analyst predicted the global market to more than double from $942 million this year amid the military’s continued reliance on flying […] More
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