A MarketsandMarkets report projects that unmanned aerial vehicles for commercial use will grow from a $15.22 million business in 2014 to a $1.27 billion market by 2020. The compound annual growth rate for the commercial UAV industry is projected to reach 109.31 percent over the next six years, MarketsandMarkets said Wednesday. The research firm also […] More

Raytheon has placed an $81.8 million order for satellite communications terminals from L-3 Communications for the Australian military. L-3’s Global Communications Solutions and Linkabit business units will deliver Hawkeye and Panther VSAT terminals integrated with Linkabit’s modems to the client in 2015, L-3 said Tuesday. The contract also calls for training services and options for […] More

A new ASDReports study projects the commercial unmanned aerial vehicle market to reach $1.27 billion by 2020 from $15.22 million in 2014, up 109.31 percent year over year during the forecast period. The report indicates that an increase in demand for law enforcement applications contributes a major portion to the market’s growth, ASDReports said Feb. […] More

Howard Glaser and Pat Kemp have joined AM General as president of the company’s commercial business segment and executive vice president of Mobility Ventures, respectively. Glaser, formerly an EVP at OTG Management, will be responsible for AM General’s commercial business execution and report to President and CEO Charlie Hall, AM General said Thursday. He also held […] More

Fulcrum is a finalist in SmartCEO magazine’s awards program that recognizes companies that work to deliver technology products and support services to the federal government. The company said Wednesday it was nominated for the 2014 GOVstar Award in the star performer category and will be featured in an upcoming SmartCEO publication. “We are proud to […] More

Textron‘s aviation business plans to open a service center in Paris that will provide maintenance and modification services for the company’s European clients. The service center at Paris-Le Bourget Airport will house more than 156,000 square feet of customer, office and maintenance space, Textron said Friday. “Our global service network remains a key factor when Beechcraft, Cessna and Hawker customers select […] More

In a series of recent flight tests off the coast of San Diego the Northrop Grumman Corporation and the U.S. Navy victoriously took to the air with the unmanned MQ-8B Fire Scout simultaneously with the MH-60R Sea Hawk helicopter, what was their first time in flight. The testing took place aboard the USS Freedom Littoral […] More

Fulcrum has been chosen as a finalist in the Tessera category for the 2014 Helios Apollo Awards, which recognize companies in the Washington metropolitan area that work to promote employee development.  The finalists were selected out of 200 nominations, the company announced Thursday. “We are extremely proud to be recognized on the commitment to our […] More

Northrop Grumman will participate in an aerospace and defense show in Singapore to demonstrate its technologies and exhibit scale models of its aircraft and equipment used for surveillance, fire control and other missions. The global security company said Wednesday the Singapore Airshow 2014 is an opportunity to highlight its capabilities to potential customers and emphasize […] More