Ron Epstein, senior equity analyst at Bank of America Merrill Lynch, has said he expects defense-related investment accounts valued at approximately $179 billion to grow at a rate of 10 percent “depending on the year.” “Fiscal ’17 is where we are today, ’18 is transition, and then I expect to see acceleration going to fiscal […] More

Lockheed Martin has kicked off construction of a program management facility at  the Falcon Hill National Aerospace Research Park in Utah to support the U.S. Air Force‘s project to develop a follow-on intercontinental ballistic missile system. Lockheed said Friday it will move into the company’s program management office at Falcon Hill by August 2017 as part of the Ground Based Strategic Deterrent competition and seeks […] More

Lockheed Martin has selected Falcon Hill National Aerospace Research Park at Hill Air Force Base in Utah as the location of the company’s program management office for the U.S. Air Force‘s Intercontinental Ballistic Missile replacement effort. Lockheed said Thursday it signed a lease agreement with Falcon Hill developer Woodbury Corp. for 25,000 square feet of office space to house the former’s PMO […] More

General Atomics‘ aeronautical systems subsidiary will demonstrate its ground control system simulator and maritime intelligence, surveillance and reconnaissance aircraft at the Japan International Aerospace show through Oct. 15. The company said Wednesday GA-ASI’s booth will feature the Guardian ER aircraft and hands-on demonstrations of the Advanced Cockpit Block 50 Ground Control Station simulator. David Alexander, GA-ASI president of aircraft […] More

A General Dynamics subsidiary has granted the “Approved Forging Supplier” designation to IBC Advanced Alloys. IBC secured the status after General Dynamics Electric Boat performed audits on the former company’s metal forging facility in Franklin, Indiana, IBC said in a Sept. 13 news release. “We are very pleased to be named an approved forging supplier […] More

Approximately 50 percent of work that will result from U.S. missile defense funds for Israel will go to U.S. companies, Defense News reported Thursday. Barbara Opall-Rome writes Boeing and Raytheon as well as their U.S. subcontractors and suppliers will receive half of the production funds to support work for the Iron Dome, David’s Sling and Arrow missile defense programs […] More

Science Applications International Corp. has awarded a subcontract to a Sypris Solutions subsidiary to design and develop an electronic encryption device to control access to land-based intercontinental ballistic missile silos. Sypris said Wednesday the 22-month contract covers services in areas such as design, development, documentation, integration, testing, certification, training, maintenance and logistics for the Missile Electronic Encryption Device program. Sypris Electronics will be responsible for […] More

A new Research and Markets report predicts the global military radar systems market will experience a 4.05 percent compound annual growth rate from 2014 to 2019. New developments in the gallium nitride technology used in solid-state power amplifiers are expected to drive the military radar systems market, Research and Markets stated. According to the report, […] More

Frost & Sullivan has projected the Defense Department’s command, control, communications, computers, intelligence, surveillance and reconnaissance spend to grow 1.4 percent annually from 2014 to 2020. Frost & Sullivan’s report forecasts a growth in usage of commercial off-the-shelf-based computing, storage, security, networking and collaboration tools as the DoD’s demand for virtualized services increases, the market research […] More

Exelis and Satair Group have partnered to distribute Exelis-made components for commercial aircraft waste and water tanks. Satair Group said Thursday it will also provide aftermarket sales and support services to aerospace customers of Exelis waste storage tank products globally under a five-year distribution agreement between the companies. Exelis unit EDO Corp. has produced composite […] More

The U.S. Army has deployed a Raytheon-built blimp system over Maryland’s airspace as part of operational tests for the aerostat. The JLENS balloon carried thousands of feet above rural Maryland radar systems that are designed to detect cruise-missiles and drones, Raytheon said Saturday. “JLENS can detect potential threats at extremely long ranges, giving North American […] More

A report from Frost & Sullivan forecasts that annual revenue for military land vehicles worldwide will grow from $23.55 billion in 2013 to $30.33 billion by 2022. The market research firm also projects that spending on tactical ground vehicles will surge in the medium to long term as economic pressures subside globally, Frost & Sullivan […] More