The market for electro-optical and infrared systems in the military will be worth $16.35 billion by 2020, according to a new MarketsandMarkets report. The analysis firm said Monday the figure represents a 7.71 percent year-over-year increase and is prompted by growing demand for EO/IR systems in surveillance platforms. Electro-optics are becoming popular in naval close-in weapons systems for threat detection […] More

Elbit Systems has been chosen by Switzerland’s defense agency to provide the country’s military with an unmanned aerial system that is built to support reconnaissance operations. Switzerland department of defense, civil protection and sports has picked the company’s Hermes 900 HFE drone system to replace the country’s existing tactical UAS platform, the agency said Friday. […] More

The U.S. Army has awarded Mercury Systems, Elbit Systems of America and Physical Optics other transaction authorities to help the service develop the Aviation Mission Common Server, Inside Defense reported Monday.

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HIMARS, officially known as M142 High-Mobility Artillery Rocket System, is one of the premier multiple-launch rocket systems of the United States. By equipping the military with firepower on wheels, the rocket launcher has played a dynamic role in major conflicts around the world. Unfold its capabilities in action through this article.   What is HIMARS? […] More

Executives from large defense contractors are calling for a more systematic, long-term schedule for government acquisition of weapons supply as a contingency measure in case of a sudden surge in demand, DefenseNews reported today. The idea of reforming acquisition practices, which was raised during a panel discussion at the annual meeting of the Association of […] More

South Korea-based armored troop carrier developer Hanwha and Oshkosh, a maker of military trucks, have partnered to pursue the U.S. Army’s Optionally Manned Fighting Vehicle program that seeks to replace the service's M2 Bradley infantry vehicles, Breaking Defense reported Monday. The Oshkosh-Hanwha team joins the other four confirmed industry groups that have submitted bids for the Army’s OMFV program.

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Industry teams led by BAE Systems and General Dynamics have submitted bids to the U.S. Army for a competitive program to replace the branch's Bradley infantry fighting vehicle platform. The two companies separately confirmed plans to join the Optionally Manned Fighting Vehicle competition nearly six months after Rheinmetall's U.S. subsidiary unveiled its own team that will pursue the OMFV program.

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The U.S. Army is set to hold a mobile 155mm howitzer shoot-off at Yuma Proving Ground in Arizona in early 2021 and companies are announcing their selection to participate in the event while others are expressing interest to take part in the activity, Defense News reported Thursday.

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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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Zvi Peled, former vice president for sales at Flir Systems’ security business, is slated to assume the roles of chief operating officer and chief revenue officer at Nano Dimension on May 1.

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Jonathan Everett, a former executive at BAE Systems, has joined Precision Optics Corp. to serve as vice president of engineering.

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Recently, ExecutiveBiz spoke with John Epperly, president of DMI Federal, about the honor to commemorate the 75th anniversary of the D-Day invasion and speak at the National Guard monument on Omaha Beach on Thursday. In addition, Epperly discussed the impact the Virginia National Guard had on D-Day and how the events shaped the town of Vierville-sur-Mer, France. More