Research and Markets projects a 9.7 percent compound annual growth rate for the global smart grid cybersecurity market through 2018 due to what the firm sees as a growing complexity of cyber attacks on smart grid networks. “The security of the smart grid network is a major issue faced by power utilities because there is a frequent exchange of sensitive information […] More

Research and Markets has released a new report that predicts the military radar global market could reach a total value of $8.4 billion by 2019 from the $6.9 billion recorded in 2012. Increased demands from the army, navy and air force services, as well as emergency responders have spurred the military radar market’s growth worldwide, Research and […] More

Mark Aslett, CEO of Mercury Systems, predicts the company will be open to acquisitions in the digital signal processing modules market during the next year, the Boston Business Journal reported Tuesday. David Harris writes Aslett said the firm could expand its portfolio by purchasing companies with radio frequency or microwave offerings for electronic warfare. The […] More

Darrell Durst serves as vice president of cyber solutions for Lockheed Martin‘s information systems and global solutions business, where he leads a 600-person organization that provides cyber technology and services to the federal government. He is also on the company’s corporate executive diversity council and has served on several of the company’s diversity councils since 2002. His 28-year career […] More

A group of students and researchers at a Polish university has built an autonomous control system for unmanned aerial vehicles through a Lockheed Martin-backed project. Lockheed said Friday that Warsaw University of Technology’s research team demonstrated the autonomous drone software under a partnership agreement between the company and the university. The alliance’s goal is to […] More

Lockheed Martin is working with the Defense Department and F-35 suppliers to lower operation and maintenance costs for the fighter program over the next 50 years, Reuters reported Thursday. Andrea Shalal writes that Lockheed officials recently met with representatives from DoD and 90 key F-35 suppliers in Fort Worth, Texas to brainstorm cost reduction ideas. […] More

Lockheed Martin has built a platform for testing maritime intelligence, communications or sensor technologies before their deployment. The Maritime Test Bed is designed to simulate environments at sea and on shore and employs an open-source architecture that works to access multiple data sources for testing, Lockheed said Tuesday. Rob Smith, vice president of C4ISR at […] More

Lockheed Martin CEO Marillyn Hewson has described her company’s investments in emerging products and technologies that aim to help clients address affordability requirements in an interview with Defense News published Sunday. She also outlined Lockheed’s push to expand its business worldwide in the Q&A with Defense News Editor Vago Muradian. “We are driving to grow our international business. It is now 18 percent of our […] More

Lockheed Martin has awarded Minco Technology Labs a multi-year contract to manufacture components for Lockheed’s Aegis missile defense system. Minco will commence production of Aegis structural parts in the fourth quarter of this year and expects to complete component deliveries in early 2016, Minco said Wednesday. Lockheed is contracted to update and maintain the Aegis […] 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

Lockheed Martin has completed a set of developmental and operational flight tests on the Guided Multiple Launch Rocket System as part of the engineering, manufacturing and development phase of the Defense Department‘s Alternative Warhead Program. The company said Monday that the tests held at White Sands Missile Range in New Mexico included rockets fired from mid- and long-range at simulated […] More

The government of the Philippines has requested to buy $61 million in C-130T transport planes and related equipment through a U.S. Defense Department-run foreign military sale program. The Philippines’ air force is interested in acquiring two Lockheed Martin-made C-130s from DoD’s existing stock, The Defense Security Cooperation Agency said Thursday. According to DSCA, the Philippine […] More