Visiongain’s new report predicts that the military unmanned maritime vehicles market will be worth $810.9 million by the end of 2016. The company said the growth is due to the increased technological development and crossover between commercial and military needs. “Globally, militaries are turning to UMVs to augment their manned capabilities,” said Sophie Hammond, Visiongain’s […] More

A new Research and Markets report forecasts the worldwide market for missiles and missile defense platforms to grow from $23.7 billion in 2015 to $36 billion by 2025. The company said Wednesday it predicts the Asia Pacific region to spend $129.9 billion over 10 years on such weapon systems and gain a market share of […] More

General Dynamics has christened a new guided-missile destroyer at the company’s Bath, Maine-based shipyard. General Dynamics Bath Iron Works started to fabricate the USS Rafael Peralta (DDG 115) in November 2011 and is set to deliver the destroyer to the U.S. Navy in 2016, General Dynamics said Monday. “We all understand the importance of what we […] More

General Dynamics will provide production kits for the Namer (Leopard) heavy armored personnel carriers to Israel’s defense ministry under a six-year, $310 million contract funded through U.S. military assistance, Defense News reported Tuesday. Barbara Opall-Rome writes that General Dynamics’ land systems business will then assemble and install Namer components and subsystems at a facility in Tel Hashomer, Israel. The contract adds […] More

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 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 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

A General Dynamics subsidiary has begun work to build two Arleigh Burke-class guided missile destroyer ships for the U.S. Navy. Bath Iron Works laid the keel for the USS Rafael Peralta at a ceremony held Thursday at its Bath, Maine shipyard, General Dynamics said Thursday. The U.S. Navy named the destroyer after Sgt. Rafael Peralta, […] 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

Raytheon is partnering with Rafael Advanced Defense Systems and other Israeli companies to provide the Mideast country’s defense ministry with antimissile weapon systems, The Boston Globe reported Thursday. Bryan Bender reports that following the development of the Iron Dome defense system, Raytheon is again in talks to build up to 15 additional batteries for the system against long-range missiles. He writes […] More