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

Peter Beange, a more than 30-year defense and aerospace industry veteran, has joined Northrop Grumman as director for the company’s European commercial business unit. He will be based in London and aim to guide the organization in developing contracting, supply chain, capture and customer service strategies in the European market, Northrop said Tuesday. Andrew Tyler, […] More

An ASDReports.com report estimates the market value for military electro-optical and infrared systems stands at about $8.38 billion and would continue to grow for the next 10 years. The business intelligence firm said Monday the sector could enjoy steady growth through 2024 due to the growing military applications of EO/IR technology. Adoption of smaller and […] More

Astrium has won a $266 million contract to help the European Space Agency run and exploit the International Space Station’s European components in an effort to enhance functions of ESA’s space laboratory. The contract covers a $60 million spare parts purchase and Astrium will work to develop services for maintaining the European Columbus space laboratory, […] More