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

Global spending on maintenance, repair and overhaul services for military ground vehicles is projected to show steady growth over the next 10 years, according to a new Visiongain report. Visiongain said Monday it forecasts that investments in military land vehicle MRO programs worldwide would reach $7.4 billion this year. The research firm also predicts military […] 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

A new Research and Markets report states that the global market for battlefield management systems will see steady adoption through 2018 to achieve a compound annual growth rate of 4 percent. The firm said Wednesday military and defense organizations are using battlefield management systems to limit the risk of friendly fire and control combat situations. According to the report, these […] 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 new report that projects the global man-portable military electronics market to hit $19.7 billion in total value by 2019. The report also predicts the Asia-Pacific region will see “significant growth” in the man-portable military electronics market over the coming months as governments in the region push forward on military modernization […] More

Research and Markets forecasts that the military laser systems market for the aerospace, defense and homeland security industries will reach a market value of $2.73 billion within the next six years. This 4.23 percent compound annual growth rate is due to increased research and development activity and a move toward self-sufficiency of some Asia-Pacific and European countries, the firm […] More

Raytheon and Poland-based technology firm WB Electronics have formed a team to pursue the Polish military’s air and missile defense system development contract. The companies seek to develop a combat simulation and training software for the Shield of Poland AMD competition, WB Electronics said Friday. They also agreed to collaborate on finding potential technology export […] More

Paul Kahn, formerly president and CEO of Thales‘ operations in Canada, has joined Airbus Group as president of the aerospace and defense conglomerate’s business in the U.K. He will succeed Robin Southwell, who has left Airbus after a nearly 10-year career there, and be responsible for Airbus Group’s relationships with the British` government, armed forces and industry, Airbus said Wednesday. “Paul comes from […] More

A new Research and Markets report forecasts that the value of the electro-optical market will grow from $11.76 billion in 2014 to $14.03 billion in 2020 at a compound annual growth rate of 2.98 percent. The market research firm said Monday that growth is attributed to ongoing upgrade and replacement projects in the defense, homeland security and aerospace […] 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

Northrop Grumman has appointed Ben Palmer, Jon Anderson and Simon Cooper to business development leadership roles for the company’s Europe and U.K. organization. The company said Wednesday Palmer will be director of European strategy and business development, Anderson will be director of business development for C4ISR (land, maritime and civil) and Cooper will be director of business development for C4ISR (air). […] More