A Fortune Business Insights report estimates that the global military drone market will grow to $23.78B by 2027 at a 12.12 percent compound annual growth rate partly driven by the increase in military spending in major world economies.
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Israel Aerospace Industries and Firefly Aerospace have teamed up to create a scientific payload delivery platform for NASA's Commercial Lunar Payload Services program. Firefly said Tuesday the partnership intends to base its CLPS technology offering on the robotic Beresheet spacecraft, co-developed by IAI and SpaceIL.
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Techstars and Starburst have launched a new accelerator program that seeks to help startups developing space-based technologies and other related platforms. Matt Kozlov, former head of the Cedars Sinai Accelerator, will serve as managing director of the Los Angeles-based Techstars Starburst Space Accelerator program, Techstars said Tuesday.
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Israel Aerospace Industries and Sierra Nevada Corp. have partnered to jointly develop an unmanned aircraft system with vertical takeoff-and-landing features. The partnership seeks to offer a tactical VTOL UAS to the U.S. defense market as both companies have observed a demand for unmanned aerial platforms that can support military air operations, …
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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, …
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Joseph Weiss, president and CEO of Israel Aerospace Industries for nearly six years, has informed IAI’s board of directors that he intends to retire from his dual-role once the company finds a successor. IAI said Thursday it will form a committee to find the aerospace technology firm’s next CEO. Weiss joined the company in …
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An Israel Aerospace Industries subsidiary has secured a potential $39.3 million contract from the U.S. Air Force to provide counter-unmanned aerial system supplies to the U.S. Strategic Command. ELTA North America will deliver the counter-UAS equipment in support of Stratcom’s joint emergent operational requirements, the Defense Department said Wednesday. Contract work is …
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An Israel Aerospace Industries subsidiary has developed a three-dimensional radar system designed to support air surveillance and defense operations in a European NATO member country. IAI said Tuesday its ELTA Systems business produced and integrated an undisclosed quantity of mobile 3D radars into the customer’s national and NATO air and missile defense system. The …
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Airbus Group‘ defense and space business has awarded Israel Aerospace Industries a contract to supply multimode radar systems for integration into Canada’s future maritime surveillance aircraft. The Canadian government ordered 16 C295 MSA units from Airbus that will be equipped with ELM-2022A radars from IAI’s ELTA Systems subsidiary, IAI said Monday. ELM-2022 works to detect, …
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Israel Aerospace Industries and South Korea-based composites manufacturing firm Hankuk Carbon have formed a joint venture with the goal to develop and produce unmanned aerial vehicles. Korea Aviation Technologies will specifically offer vertical takeoff-and-landing UAVs to the South Korean military and civilian sectors, IAI said Tuesday. KAT aims to build platforms with a …
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Israel Aerospace Industries has demonstrated an unmanned helicopter proof of concept the company designed to simplify air and land battlefield supply logistics processes during a warfare mission. Air Hopper performed two simulated scenarios, including one wherein the platform transported a wounded soldier to an extraction point for treatment, during the POC …
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Verint Systems is part of an industry consortium that won a multimillion dollar project to establish a government security operations center for a Latin American country to help government organizations address sophisticated cyber threats. The company said Thursday it will provide a threat detection and analysis platform to the future GSOC as a member of the ELTA Systems-led Israeli Cyber …
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Research and Markets has predicted the global market for military satellite payloads and subsystems will grow at a 5.35 percent compound annual growth rate through 2021 due to advancements in satellites, antenna technology and networks. The research firm said it also forecasts that the emergence of ground-based inflatable satellite communications antennas for military applications will help drive …
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India's navy has issued a request for information for a program that seeks to purchase approximately $1.5 billion in short-range surface-to-air missile platforms in an effort to replace its Israel-made Barak-1 air defense systems, Defense News reported Wednesday. Vivek Raghuvanshi writes the Indian navy plans to release a tender after …
Read More » Research and Markets has released a report that predicts the global unmanned aerial vehicle flight training and simulation market to rise at a 7.29 percent compound annual growth rate through 2021. Research and Markets said Monday its “Global UAV Flight Training and Simulation Market 2017-2021” report covers an in-depth market analysis and discussions on …
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