Lockheed Martin has been awarded a contract to produce and install Sniper Advanced Targeting Pods onboard the Japanese air force’s F-2 fighter planes. The company said Monday the Sniper ATP platform works to detect and track tactical small targets at extended ranges and is designed to aid pilots during surveillance, precision targeting, intelligence and reconnaissance […] More

A new Research and Markets report indicates that the global military satellite market will climb in value from $5.7 billion this year to $9.7 billion in 2025 at a compound annual growth rate of 5.47 percent. The company said June 30 North America will have the largest market share, with the U.S. anticipated to spend $38.4 billion on military […] More

A Forecast International study estimates the production value of remote sensing satellites will reach $27.2 billion by 2024 due to an increasing demand for Earth imagery products in both government and commercial sectors. Manufacturers are projected to build more than 200 satellites equipped with remote sensing technology over the next decade, the research firm said […] More

MarketsandMarkets predicts the marine composites market will rise in value to $4.97 billion over the next five years due to increases in demand for high-speed boats, fuel-efficient vehicles and design flexibility. The firm said Tuesday that the costs of carbon fiber, styrene regulations and potential issues with the reparability and recyclability of composites could hinder further growth in the market. The report also […] More

Iridium Communications has completed a series qualification tests on a new design Spectrolab and Mitsubishi Electric developed for the solar panel arrays that will be fitted to the Iridium NEXT satellites. Iridium said Tuesday the design consists of four panels that span approximately 30 feet and generate at least 2 kilowatts of power via triple-junction solar cells. Scott Smith, Iridium chief operating […] More