Selex ES, a Finmeccanica subsidiary, has completed the installation of a laser system onboard an NH90 tactical transport helicopter for Italy’s army. The Laser Obstacle Avoidance and Monitoring platform works to detect power lines, pillars and other obstacles as helicopter pilots fly at low altitudes, Selex said Friday. Selex handed the NH90 helicopter with the LOAM system to […] More

A Visiongain study, released by ReportLinker, forecasts global revenue from border security platforms and services will be approximately $16.4 billion this year. The 364-page market research report examines key factors that Visiongain believes can affect worldwide, regional and national spending on products designed to help authorities monitor cross-border activities, ReportLinker said Wednesday. Visiongain categorized the […] More

ReportLinker has released a report that predicts the global cybersecurity market to climb in value from $74.2 billion in 2014 to $224.48 billion in 2022 at a compound annual growth rate of 14.84 percent. The company said Monday the growth of the market is due to the growing threat of cyber crimes and their impact on both […] More

Research and Markets has released a new report that forecasts smart commercial drones markets will grow to $27.1 billion by 2021 from $3.4 billion in 2014. The report predicts commercial-grade consumer video drones will take the largest chunk of revenue throughout the forecast period, Research and Markets said Sept. 11. According to the data services provider, the growth […] More

A new Visiongain report forecasts the global military aircraft maintenance, repair and operations market will hit $49 billion in value in 2015. Visiongain said Friday the increasing adoption of new fighter aircraft among tier-one market players would spur growth in the industry. The 2015-2025 forecast covers maintenance aspects in operations and field, heavy airframe, heavy engine, […] More

MBDA and the Georgian defense agency have closed on a contract for the company to provide air defense weapon systems to the Georgia’s military, Civil.Ge reported Friday. CEO Antoine Bouvier and Georgian Defense Minister Tina Khidasheli signed the contract Friday in Paris. MBDA is a consortium of BAE Systems, Airbus Group and Finmeccanica. Georgia also […] More

BAE Systems has partnered with Alsalam Aircraft to establish a maintenance, repair and overhaul services center for Eurofighter Typhoon jets operated by Saudi Arabia’s military, Airforce Technology reported Wednesday. “The work we have completed as a partnership has been critical in working towards our Typhoon in-Kingdom industrialization objectives,” Andy Carr, managing director and CEO of […] More

A new RnR Market Research report has predicted the unmanned aerial systems market’s value to increase almost seven-fold over the next six years to $4.8 billion by 2021. RnR Market Research said Monday that oil and gas mapping, utility line inspection, package delivery and agricultural applications would account for the majority of sales. The report […] More

IBM has partnered with Finmeccanica‘s Selex ES company to form a virtual cybersecurity competence center that will deliver their combined technologies to combat cyber crime. Selex said Monday the center will work to provide services for the defense of both private and public information technology infrastructure, as well as intellectual property. The company added that the competence center will […] More

Mark Newman, formerly chairman and CEO of DRS Technologies, has joined the board of directors of Mercury Systems. Newman was instrumental in growing the DRS business before Finmeccanica acquired the company for $5.2 billion in 2008, Mercury Systems said Monday. “His tenure in the defense industry and focus on innovation as well as mergers and […] More

Finmeccanica‘s Selex subsidiary has partnered with Northrop Grumman to market a Selex-designed infrared search and track sensor technology to defense customers in the U.S., Defense News reported Monday. Tom Kington writes a Northrop spokesperson told Defense News the company will provide details of the planned offering this month. Selex won contracts to built IRST systems […] More

Finmeccanica-owned DRS Technologies has teamed with Beth-El Industries, and Israeli supplier of environmental threat protection systems, to develop an air filtration product for U.S. military use. Under the terms of the deal, the two companies will create new offerings to utilize Arlington, Virginia-based DRS’ chemical, biological, radiological and nuclear defense systems and Beth-El filtration technology, DRS said Tuesday. […] More