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Latest Federal & Government Contracting Companies' News Coverage

Latest Federal & Government Contracting Companies' News Coverage

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The Consolidated Afloat Networks and Enterprise Services program has achieved full deployment approval after Frank Kendall, acquisition chief at the Defense Department, signed an acquisition decision memorandum on the CANES program, Chips magazine reported Friday. Steven A. Davis writes the CANES program aims to reduce shipboard network workload through information technology modernization and consolidation of data, voice, […] 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
The State Department has given Egypt the go-ahead to buy from the U.S. a sensor security platform, related components and services for use in border security monitoring operations under a potential $100 million foreign military sales agreement. Lockheed Martin, Northrop Grumman and DRS Technologies will act as primary contractors for the sale, which covers sensor surveillance […] More
Terry DeRosa currently serves as executive vice president and chief financial officer of IAP Worldwide Services, a provider of facilities management, logistics, professional and technical services based in Florida. DeRosa has held his current positions since July 2014 and has more than 30 years of leadership experience in financial and operations management. He previously served as EVP and […] 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
BAE Systems will provide the U.S. Army with engineering, manufacturing and development and low-rate initial production support for the Armored Multi-Purpose Vehicle under a potential $1.2 billion contract. The company said Tuesday that it will produce 29 AMPVs for the EMD phase of the project and another 289 units for the LRIP phase to replace the Army’s fleet of M113 armored […] More
The global market for C4ISR – short for command, control, communications, computers, intelligence, surveillance and reconnaissance — is forecast to become a $133 billion industry by 2020, new research from ReportsnReports says. The market analysts said Monday that it expects the segment, currently valued at $102 billion, to have a compound annual growth rate of 4.52 percent […] More
Northrop Grumman has recognized its suppliers for their contributions to the company’s information systems sector. The company held its annual recognition ceremony on Thursday in McLean, Virginia to honor 26 companies with the 2014 Supplier Excellence Awards, Northrop said Monday. “This is a highly competitive award and we are pleased to honor each of the recipients for their exceptional contributions to our […] More
The use of thermal imaging technology for multiple applications has helped create a $3.1 billion industry as of 2012, according to a market analysis report by Research and Markets. Research and Markets said Wednesday the thermal imaging market is forecast to enjoy a compound annual growth rate of 9.76 percent from 2013 to 2019. The […] More
A new Research and Markets report forecasts that the value of the electro-optical market will grow from $11.76 billion in 2014 to $14.03 billion in 2020 at a compound annual growth rate of 2.98 percent. The market research firm said Monday that growth is attributed to ongoing upgrade and replacement projects in the defense, homeland security and aerospace […] More
Research and Markets has released a new report that predicts the military radar global market could reach a total value of $8.4 billion by 2019 from the $6.9 billion recorded in 2012. Increased demands from the army, navy and air force services, as well as emergency responders have spurred the military radar market’s growth worldwide, Research and […] More
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