A new MarketsandMarkets report rorecasts the maritime security market to reach $20.87 billion in value in 2019 at a compound annual growth rate of 8.4 percent over the next five years. The firm said Thursday that the awareness of maritime threats, regulations, standards and international trade practices, as well as the globalization of maritime security operations will drive the market. The report also listed Kongsberg, Northrop […] More

The Defense Information Systems Agency will begin the process for awarding contracts under the third-generation ENCORE information technology services vehicle in fiscal 2015, Deltek‘s Alex Rossino reported Tuesday. Rossino, a Deltek principal research analyst, estimates that defense agencies invested approximately $5.8 billion in IT offerings through the second ENCORE iteration. His analysis of the ENCORE […] 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

Deltek‘s Alex Rossino has outlined his analysis of the U.S. Army‘s spending on the Information Technology Enterprise Solutions 2 – Services vehicle in an effort to help vendors prepare for the upcoming ITES-3S iteration in fiscal year 2015. “ITES-3S is expected to be even more heavily utilized than its predecessor due to the Army’s desire to push more of its IT acquisition […] More

Modern Technology Solutions Inc. has opened a new office in Los Angeles to expand its engineering and technology service operations for military and private sector customers in the Southern California region.   Robert Brady, formerly of LinQuest, TASC and Northrop Grumman, heads the LA site as director for Air Force space acquisition and technology in […] More

ReportsnReports has projected the global unmanned ground vehicle market to be worth $8.26 billion by 2020, a 32.72 percent increase from the firm’s 2014 figure. The market research firm’s new report analyzes emerging trends and major countries from North America, Europe, Asia-Pacific, the Middle East, Latin America and Africa regions, MarketsnMarkets said Thursday. ReportsnReports also examines UGV applications […] More

Research and Markets projects the global directed-energy weapons market to achieve a 23.16 percent compound annual growth rate through 2018 as defense budgets and research and development activity increase in certain countries. The market research firm says that research-and-development work will respond to growing demand for new military weapons designed to cause minimal collateral damage. BAE Systems, Boeing, Raytheon and Textron will be […] More

Joe Donohue serves as chief financial officer at Agilex Technologies, where he is responsible for the management and oversight of the company’s financial operations. He joined Agilex from Northrop Grumman, where he led customer support operations for the company’s ePower product line and was responsible for software maintenance, support, training and quality assurance work. Donohue served as a […] 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

Raytheon and the U.S. Navy has completed a capabilities test of the company’s Standard Missile-3 Block IA to evaluate the weapon’s work with a satellite sensor system to pinpoint and destroy a medium-range ballistic missile target. Mitch Stevison, Raytheon program director for SM-3, said Thursday that this test is the first time the Navy used cues from a space sensor system […] 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