A new Research and Markets report predicts the global military rotorcraft market to hit $27.3 billion by 2025 from $21.1 billion in 2015, with Asia-Pacific countries to dominate the spending landscape. Investments from the Asia Pacific will account for 33 percent of rotorcraft spending worldwide during the forecast period, followed by North America with a 29-percent share, Research and […] More

A new Research and Markets report forecasts that the market for military electro-optical and infrared systems will climb in value at a 7.71 percent compound annual growth rate to reach $16.35 billion revenues by 2020. The company said Thursday that strategies to establish uncontested market space and increased military spending will drive fast-paced growth for the EO/IR market, particularly in the […] More

Bell Boeing has delivered two MV-22 Osprey flight training simulators to the U.S. Marine Corps’ HMX-1 presidential airlift squadron. The simulators have been installed at the squadron’s Quantico, Virginia-based headquarters, where aircrews will rehearse operations in a virtual setting, Boeing said Tuesday. Randy Deidrick, director of Boeing’s tactical training systems, said the training device is […] More

The Northrop Grumman-led team of contractors in a competition to build a new trainer jet for the Air Force will offer a new airplane design for the $1 billion program, Aviation Week reported Friday. Amy Butler writes Northrop’s Scaled Composites subsidiary will work on the design for the intended T-38 replacement jet and aims to conduct the first flight […] More

A new Transparency Market Research report states that air-to-ground and surface-to-air missiles dominated the global smart weapons market in 2012, with further growth projected to give the market a value of $66.91 billion by 2019. The company said Thursday the market will achieve a compound annual growth rate of 10.3 percent from $34 billion in 2012 to reach the projected […] More

Global spending on maintenance, repair and overhaul services for military ground vehicles is projected to show steady growth over the next 10 years, according to a new Visiongain report. Visiongain said Monday it forecasts that investments in military land vehicle MRO programs worldwide would reach $7.4 billion this year. The research firm also predicts military […] More

Neil Albert serves as the vice chairman of the board of directors at MCR and holds responsibility for overall strategic planning, business development, ethics and compliance, contracts, marketing and legal functions. He has been with the company for more than 25 years and has also held various positions, including service as president and CEO from […] 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

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

The Airbus Group‘s defense and space division and Textron have teamed to bid for a future tender offer by the French government for unmanned aerial vehicle technology, C4ISR & Networks reported Thursday. Pierre Tran writes the tender is expected in the second half of 2014 for awarding in 2015, with the Airbus Textron team facing competition from Safran‘s Sagem […] More

CPI Aerostructures Inc., today announced that Terry Stinson will be brought onto CPI’s Board of Directors to serve a three-year term. With over 45 years of leadership in the aerospace and defense industry under his belt, Stinson has played a number of executive roles with companies including AAR Corp., Textron Aerospace, Triumph Group Inc., and his […] More

Lockheed Martin and NASA have completed installation of a heat shield to the Orion‘s crew module in preparation for Exploration Flight Test-1, where researchers will determine possible design improvements based on test performance data. NASA said Thursday the heat shield, manufactured by Lockheed and made of a material called Avcoat, is designed to protect the spacecraft and its […] More