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South Korea-based armored troop carrier developer Hanwha and Oshkosh, a maker of military trucks, have partnered to pursue the U.S. Army’s Optionally Manned Fighting Vehicle program that seeks to replace the service's M2 Bradley infantry vehicles, Breaking Defense reported Monday. The Oshkosh-Hanwha team joins the other four confirmed industry groups that have submitted bids for the Army’s OMFV program.
MoreErrol Farr, former senior director of strategy and business development at AeroVironment, has joined Auterion to serve as the drone software company's vice president for government business development. Farr will oversee business development activities related to Auterion's offerings to security and defense customers, the company said Wednesday.
MoreA 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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