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Latest Federal & Government Contracting Companies' News Coverage

Latest Federal & Government Contracting Companies' News Coverage

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Lockheed Martin and the U.S. Army have demonstrated a prototype laser weapon system equipped with sensors, software and specialized optics built to engage adversarial unmanned aerial vehicles. The Advanced Test High Energy Asset system worked to eliminate five Outlaw unmanned aerial systems during a test that took place at White Sands Missile Range in New Mexico, […] More
A fresh Research and Markets report suggests a growing demand for data in commercial applications will help buoy the global unmanned aerial vehicle market to reach $21.23 billion by 2022 from $5.97 billion in 2016. The report predicts the global drone market will grow at a compound annual growth rate of 20 percent from 2016 […] More
Lockheed Martin and Poland-based Warsaw University of Technology have jointly demonstrated unmanned aerial vehicle optimization technologies through aerial command and control of multiple UAVs. Lockheed said Friday the demonstration builds on a joint applied research effort between the company and the university that seeks to modernize various aircraft fleets as well as identify C2 concepts for manned and unmanned airborne […] More
U.S. Navy Vice Adm. Mike Shoemaker has said the military branch and companies vying for the MQ-25A Stingray carrier unmanned aerial vehicle program are faced with the challenge of combining tanker and ISR features into one UAV platform, USNI News reported Thursday. Sam LaGrone writes Shoemaker, commander of Naval Air Forces, said during a Center for Strategic and International Studies event that an ideal ISR […] More
The U.S. Air Force has designated the U.S. Navy’s first carrier unmanned aircraft vehicle as MQ-25A Stingray, USNI News reported Friday. Sam LaGrone writes the Navy received the official name and designation for the UAV through a July 11 memo issued by the Air Force Materiel Command. The Air Force assigned the name MQ-25A Stingray, formerly […] More
A MarketsandMarkets report forecasts the value of the global unmanned aerial vehicles market to hit $14.9 billion in 2020, with an 8.12 percent compound annual growth rate from 2015 to 2020. The research firm said Tuesday the UAV market’s value reached $10.1 billion this year and North America accounted for about 65.53 percent market share. Technological […] More
Boeing could receive $15.6 billion over the next five years to fund the production of modified 767 jets for the U.S. Air Force‘s aerial refueling operations, Bloomberg reported Thursday. Tony Capaccio writes that the Defense Department is requesting $2.95 billion for fiscal 2016, $3.22 billion for fiscal 2017 and $3.1 billion for fiscal 2018 through 2020 for its KC-46 tanker program. […] More
Jay McConville, director of business development for unmanned solutions at Lockheed Martin, said the contractor is studying several avenues toward marketing its small unmanned aerial vehicles to civil and commercial clients, the National Defense Magazine reported Monday. Yasmin Tadjdeh writes that the executive, speaking to reporters earlier in the week, highlighted the demand small drones have generated […] More
Business information provider Visiongain has unveiled its list of top 20 unmanned aerial vehicles and systems manufacturers in the world. The report predicts the specialties companies will choose in the field and how new players will try to stake a claim on a market that could undergo key structural changes amid an emergent commercial UAVs segment, Visiongain said Monday. “Although increasingly competitive, the […] 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 has unveiled a new small unmanned aerial vehicle that the company built to be waterproof and to function with autonomous flight, landing and fail-safe features. “Vector Hawk” weighs four pounds, has a four-inch vertical profile and a software-defined radio that works to help carry out mobile mesh networking tasks, the company said Tuesday. “The Vector […] More
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