A new report from ASDReports expects advancements in sensor technologies to influence the military electro-optic/infrared systems market in the coming years. The market analyst said EO/IR systems will register a year-over-year growth of 7.71 percent to become a $16.35 billion industry by 2020, driven by increased use in surveillance operations and as part of a close in weapons system. […] More

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

A team that comprises Lockheed Martin and Korean Aerospace Industries was the only group to submit a proposal to develop South Korea’s $7.8 billion fighter jet program, Defense News reported Sunday. Jung Sung-ki writes the Korean Defense Acquisition Program Administration will conduct a second bidding process through Feb. 24 to solicit proposals from other companies for the KF-X program. At least […] More

Research and Markets predicts that the global aerospace market will be worth $352.5 billion within 10 years due to changing technologies, high replacement rates, increased aircraft size and growing population of high-net-worth individuals. The company said Thursday its new “Global Aerospace Market Trends and Forecast: 2014-2033” report analyzes emerging trends, drivers for growth and the competitive landscape, and includes market forecasts […] More

A new Research and Markets report states that the global military airlift market will decline at a 0.43-percent compound annual growth rate through 2019 due to high acquisition and operations costs for military transport aircraft. The company said Wednesday current trends in the market include the development of smaller aircraft for carrying supplies or military personnel or supporting […] More

Lockheed Martin has renamed Sim-Industries into Lockheed Martin Commercial Flight Training and appointed Sandy Samuel as vice president and general manager of the organization. Samuel succeeds Jeffrey Wood, who will move to a new leadership position within Lockheed Martin Aeronautics, the company said Monday. Jon Rambeau, VP and GM of Lockheed Martin training and logistics services, […] More

ReportsnReports has released a new study that predicts the global military fixed-wing aircraft market will reach $87.5 billion by 2025. The increase represents a compound annual growth rate of 3.64 percent from 2015 to 2025, with North America as the dominant market, ReportsnReports said Friday. The U.S. is expected to spend $260.9 billion total over the next 10 years on […] More

NASA took the first step Friday in what it hopes to be a new era for human space exploration as the agency sent the Orion capsule into a nearly four-hour orbit to evaluate its potential for future missions via Boeing‘s Space Launch System. Engineers for NASA and Orion constructor Lockheed Martin focused much of their attention […] More

CAE said Tuesday it has delivered the U.S. Army’s first UH-72A flight training device at Fort Rucker, Alabama, months ahead of schedule. The UH-72A FTD has a wide display powered by the CAE Medallion-600 image generator, and is fitted with a motion/vibration seat and a database comparable to government-owned systems, according to the company. “We […] More

Peter Beange, a more than 30-year defense and aerospace industry veteran, has joined Northrop Grumman as director for the company’s European commercial business unit. He will be based in London and aim to guide the organization in developing contracting, supply chain, capture and customer service strategies in the European market, Northrop said Tuesday. Andrew Tyler, […] More

QinetiQ has received a $2.9 million contract to build a baffle for the European Space Agency‘s Airbus-built Euclid space telescope. The baffle is a black cylindrical structure and is built to prevent stray light from entering into the telescope’s optics, QinetiQ said Sept. 30. ESA led the development of the Euclid mission with Thales Alenia Space Turin in an effort to probe the “dark energy” that some […] More