Business News
The Global Unmanned Aircraft Systems Market, worth an estimated US $7.1 billion this year, is expected to grow by 4% over the next ten years, reaching US $10.5 billion in 2021, according to a new report. According to Strategic Defence Intelligence, the 4.08% compound annual growth rate
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The board of directors of Northrop Grumman Corporation elected Wes Bush as its chairman, effective immediately. Bush will serve as chairman, chief executive officer and president. Bush succeeds Lewis W. Coleman, who has served as non-executive chairman since January 2010. "Wes Bush has the full support of the board
Business News
Textron Inc. reported second quarter 2011 Revenues of $2.7 billion, up $19 million from the second quarter of 2010. Segment profit was $196 million, up $35 million from the year-ago quarter. "Second quarter results benefited from good execution and cost performance at Bell and Industrial," said Textron
Business News
Kratos Defense & Security Solutions, Inc. a National Security Solutions provider, announced that Clement "Clem" Greek has joined the company as Director of Army Aviation and Unmanned Aircraft Systems (UAS) Initiatives for Kratos Technology & Training Solutions (TTS). "Clem brings over thirty years of experience in aircraft
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The US Navy has awarded North Eastern Aeronautical Company, Inc. (Neany) a $19,998,314 cost-plus-fixed-fee contract for the Persistent Surveillance Unmanned Aerial System (PSUAS). The contract shall integrate with other surveillance systems, produce ground control shelters; and provide training support, theatre support, and persistent surveillance systems testing for the
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Lockheed Martin, Mission System & Sensors, Owego, N.Y., was awarded a $47,000,000 cost-plus-fixed-fee contract. The award will provide for procurement of autonomous technologies for unmanned aerial systems to maximize performance requirements and capabilities with mature technologies. Work will be performed in Owego, N.Y., with an estimated
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The US Air Force has awarded L-3 Communications Corp., Salt Lake City, Utah, a $27,936,509 cost-plus-fixed-fee contract in direct support of data link communications activities including the Automated Real-Time Ground Ubiquitous Surveillance (ARGUS)-Imaging System. The contract is to provide the research, development, build, delivery, installation, integration and
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Federal authorities have warned corporate executives at AeroVironment that they are among about 60 targets suggested by members of an Al Qaeda-connected website forum. In the wake of the warning, AeroVironment and authorities in Monrovia have stepped up security at the company’s corporate headquarters on West Huntington Drive. “The
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The Dutch Rotorcraft Unmanned Aerial Vehicle (R-UAV) manufacturer GEOCOPTER from the Netherlands officially delivered its first Light Unmanned Rotorcraft System, designated GC-201, to its launching customer and development partner: the National Aerospace Laboratory (NLR). The GC-201 is a versatile unmanned system, designed and built like a normal helicopter. It has
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Image Intelligence AB has announced the appointment of three new distribution partners, spanning three continents: Nostromo Defensa in Argentina, UAVs Australia in Australia, and Elmer Group in South Africa. Imint’s unique software technology for resource efficient real-time video analysis and enhancement continues to attract global interest, and Imint’s
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The Raytheon Company has completed deliveries of its miniature military-grade Identification Friend or Foe (IFF) transponders to Korean Air Lines as the Republic of Korea’s top air carrier develops unmanned aircraft systems (UAS). The small transponders are designed to fly on UAS and smaller helicopters and deliver all of
Business News
Northrop Grumman Corporation has signed a Global Supply Chain (GSC) Deed with the Australian Department of Defence so the two entities can work together to identify opportunities for Australian industry to compete within the company's global supply chain and those of its major supply partners. The deed is