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 report that predicts the global military radar market will reach $8.44 billion in worth in 2019. The increase represents a 2.9 percent compound annual growth rate from the $6.9 billion recorded in 2012, Transparency Market Research said Thursday. Security and economic concerns, strategic alliances, border protection issues, growing government defense investments and increasing demand […] More

A Research and Markets study projects the missile defense systems market will see a compound annual growth rate of 3.11 percent in the five years leading up to 2018. The projected increase is based on industry’s annual sales of self-guided and propelled missiles for military operations globally, Research and Markets said Tuesday. ATK, Boeing, BAE Systems, […] More

Chris Chadwick, head of Boeing‘s defense, space and security division, has outlined the company’s strategy to compete for major U.S. military programs in an interview with Defense News published Sunday. Chadwick highlighted the U.S. Air Force‘s Long-Range Strike Bomber and T-X trainer programs, as well as the Navy’s Unmanned Carrier-Launched Surveillance and Strike project as key to the company’s defense market growth. Chadwick also discussed […] 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

Raytheon has pledged up to $5 million for a 10-year agreement with the University of Massachusetts Lowell to launch a joint research institute to enable collaboration between students and Raytheon employees. The Raytheon-UMass Lowell Research Institute is expected to facilitate securing federal funding for research as well as research and employment opportunities, the company said Tuesday. “The creation of […] 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

The small unmanned aerial vehicle market is projected to grow by the end of 2019 at a 22 percent compound annual growth rate to a total market value of $582.2 million, according to a recent MarketsandMarkets report. The six-year global forecast on the small and man-portable UAV market classifies the technology based on trends, propulsion, payload, application, region […] More

Lockheed Martin, Boeing and Airbus are bidding on a tender offer worth an estimated $5.5 billion to provide Denmark’s military with as many as 30 fighter jets, Reuters reported Monday. Teis Jensen and Ole Mikkelsen report that Danish officials will deliberate on the bids ahead of the award in mid-2015. The report said Saab was also qualified to bid on the […] More

Chris Chadwick, president and CEO of Boeing‘s defense business, predicts that government spending cuts worldwide will drive more partnerships and consolidations in the defense sector, Defense News reported Wednesday. Aaron Mehta writes that Chadwick discussed the role of strategic alliances in the industry during a media event held Tuesday at a Boeing corporate office in St […] More

Lockheed Martin Australia and the country’s defense and science technology organization have formed a 10-year alliance to collaborate on research and development work into technology. “We have agreed to undertake joint research in a range of areas including predictive logistics, trusted assurance, the Aegis combat system, over the horizon radar, hypersonics and operational analysis,” Alex Zelinsky, the […] More

Dr. Melvin Greer serves as senior fellow and chief strategist for service-oriented architecture and cloud computing at Lockheed Martin, where he brings more than 25 years of experience leading systems and software engineering efforts to the contractor’s advanced technology office. Greer is a principal investigator in advanced research studies, and has dedicated his efforts towards […] More