A Fortune Business Insights report estimates that the global military drone market will grow to $23.78B by 2027 at a 12.12 percent compound annual growth rate partly driven by the increase in military spending in major world economies.

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Jikun Kim, former chief financial officer of 3D printing technology provider Formlabs, has taken the same role at in-space transportation company Momentus.

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Several U.S. and international companies that include Intelsat formed an alliance to drive the adoption of high-altitude platforms that are designed to operate in the stratosphere and provide network connectivity around the world.

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Brig. Gen. Richard Coffman, director of the U.S. Army’s Next-Generation Combat Vehicle cross-functional team, said the service will begin accepting options for a new optionally manned combat vehicle in January, National Defense Magazine reported Tuesday. Coffman told reporters at an Association of the U.S. Army-hosted event that the service has defined its requirements that will […] More

A Maxar Technologies subsidiary has received a $6.36 million contract from Canada’s department of national defense to provide miniature maritime unmanned aircraft systems to the Canadian navy. The company said Tuesday its MDA subsidiary will also help DND develop training, equipment and resource as well as validate naval tactics and new capability development efforts under the contract. […] More

Research and Markets has projected that technological advancements in the production of military and commercial drones will help fuel the worldwide drone market’s growth to $16.7 billion in value by 2022. The company said Wednesday that efforts by the Federal Aviation Administration and other regulatory agencies to formulate policies that support use of military unmanned aerial […] More

Reportlinker has released a forecast study that the global drone market will grow to reach $16.7 billion in 2022. The predicted growth stems from the increase of drone demand for military and commercial use, and the continuing regulatory efforts on drones, the research firm said Thursday. Drone-producing firms are continuously making technological advancement efforts that may […] More

California Institute of Technology has opened a new facility to help further research efforts on drones, driverless cars, robotics and machine learning technologies. Caltech said Tuesday it established the Center for Autonomous Systems and Technologies to serve as a hub for university, industry and government researchers, such as NASA‘s Jet Propulsion Laboratory experts, to collaborate in efforts […] More

Chris Pehrson, vice president for Defense Department strategic development at General Atomics’ aeronautical systems business, will serve as a guest speaker at Technology Training Corp.-hosted Unmanned Aircraft Systems East for Defense and Government symposium that will kick off Saturday, Nov. 7, in Washington, D.C. Pehrson is one of the 24 guest presenters who will discuss emerging […] More

Kongsberg Gruppen‘s Hydroid subsidiary has demonstrated the capacity of an unmanned underwater vehicle to collect signals intelligence and launch an unmanned aerial vehicle during an in-water exercise. REMUS 600 UUV conducted a threat mission scenario at the U.S. Navy‘s Advanced Naval Technology Exercise that took place in Newport, Rhode Island last month, Hydroid said Tuesday. The platform was equipped with […] More

General Dynamics‘ Electric Boat and mission systems businesses have showcased multiple mission command, control and communication capacities that connected a simulated submarine combat control center with unmanned underwater and aerial vehicles. General Dynamics said Tuesday it linked Bluefin Robotics-built UUVs and AeroVironment‘s Blackwing UAV to the AN/BYG-1 submarine control facility during the 2017 Advanced Naval Technology Exercise that took […] More

The U.S. Army has released this year’s Superior Supplier Incentive Program list that ranks the top industry suppliers for the military in 2017 based on cost, schedule, technical performance, management, regulatory compliance and small business utilization. The service branch announced Tuesday that SSIP serves as a basis for companies to learn and improve on the areas that factor into their overall performance […] More