Market News

Insights into aerospace market activity, including market forecasts, mergers and acquisitions, and more

Army looking for stabilized platform for electro-optical sensor avionics

<B>FORT BELVOIR, Va., 25 May 2015.</B> U.S. Army researchers are reaching out to industry to fine companies able to design and build a stabilized sensor platform for electro-optical sensor payloads. Sensor packages need stabilized platforms to avoid jitter caused by movement, shock, or vibration. 

Harris Corp. to acquire Exelis

Harris Corp. to acquire Exelis

MCLEAN, Va., 22 May 2015. Exelis Inc. shareholders have voted in favor of the acquisition by Harris Corp. in Melbourne, Florida, whereas the Department of Justice has terminated the waiting period applicable to the merger under the Hart-Scott-Rodino Antitrust Improvements Act. Exelis and Harris officials now expect the merger to close on 29 May 2015, subject to the satisfaction of the remaining closing conditions. 

 

RQ-4 Global Hawk unmanned aircraft moving toward modernization

RQ-4 Global Hawk unmanned aircraft moving toward modernization

SAN DIEGO, 7 May 2015. The U.S. Air Force RQ-4 Global Hawk high-altitude, long-endurance autonomous unmanned aircraft system (UAS) has completed Milestone C approval, advancing the Northrop Grumman (NYSE:NOC)-built Global Hawk program in the Department of Defense's acquisition process and enabling modernization activity.

Gray Army Airfield at Joint Base Lewis-McChord, Wash., to receive new control tower

JOINT BASE LEWIS-McCHORD, Wash., 20 April 2015. The Gray Army Airfield, a helicopter airport at Joint Base Lewis-McChord, Wash., will receive a new air traffic control tower to replace a relatively old tower that's now considered an obstacle to aviation.

Navy orders missile launchers from Marvin to enable F/A-18 to fire advanced missiles

PATUXENT RIVER NAS, Md., 20 April 2015. U.S. Navy air warfare experts are ordering special new missile launchers to enable Navy F/A-18 Hornet jet fighter-bombers to carry the nation's latest and most lethal air-to-air missiles.

Rugged avionics computer for commercial aircraft introduced by Curtiss-Wright

ASHBURN, Va., 20 April 2015 The Curtiss-Wright Corp. Defense Solutions division in Ashburn, Va., is introducing the MPMC-9355-0002 multi-platform avionics computer for image, signal, and radar processing aboard military and commercial aircraft and ground vehicles.

Air Force to convert 25 F-16 jet fighters to target drones in $28.5 million Boeing contract

EGLIN AIR FORCE BASE, Fla., 13 April 2015. Military avionics experts at the Boeing Co. will convert 25 retired U.S. Air Force Lockheed Martin F-16 jet fighters into sophisticated manned and unmanned target drones under terms of a $28.5 million contract.

Growing in-flight connectivity market holds great potential for satellite businesses

Growing in-flight connectivity market holds great potential for satellite businesses

LONDON, 10 April 2015. The commercial aircraft connectivity market is expected to achieve retail revenues of $3.2 billion U.S. by 2024, with in-flight connectivity (IFC) FSS Ku-band and HTS installs on wide-body and narrow-body airplanes will driving market growth, according to NSR's Aeronautical Satcom Markets (Third Edition) report. 

Global military aircraft market to grow from $61 billion to $87 billion

Global military aircraft market to grow from $61 billion to $87 billion

DUBLIN, 9 April 2015. The global military aircraft market will grow at a compound annual growth rate (CAGR) of 3.64 percent over the next decade, increasing from $61.2 billion U.S. in 2015 to $87.5 billion U.S. by 2025, according to Research and Markets’ report, entitled "The Global Military Aircraft Market 2015-2025 - Market Size and Drivers: Market Profile".

Investment in Asian armed forces grows thermal imaging market, according to Transparency Market Research

ALBANY, N.Y., 8 April 2015. The global thermal imaging market, valued at $3,192.5 million U.S. in 2012, will grow at a compound annual growth rate (CAGR) of 9.76 percent through 2019, when it will reach $6,098.8 million U.S., according to a Transparency Market Research study. Thermal imaging is on an excellent growth path, with applications in surveillance, security, maintenance, monitoring, firefighting, public safety, and more.

Wencor Group acquires PHS, expands aircraft repair solutions portfolio

Wencor Group acquires PHS, expands aircraft repair solutions portfolio

PEACHTREE CITY, Ga., 8 April 2015. Wencor Group has acquired PHS/MWA Aviation Services (PHS), a certified FAA/EASA Repair Station and provider of aircraft repair solutions in cargo and interior systems, hydraulics, and power and controls.

Air Force asks Raytheon to build 250 air-launched jamming drones to spoof enemy missiles

EGLIN AIR FORCE BASE, Fla., 6 April 2015. U.S. Air Force airborne weapons experts are asking Raytheon Co. to build 250 electronic warfare (EW) jamming drones under terms of a $91.6 million contract.

Army orders 19 MQ-1C Gray Eagle reconnaissance and attack drones for aviation support

REDSTONE ARSENAL, Ala., 6 April 2015. U.S. Army aviation experts are ordering 19 MQ-1C Gray Eagle reconnaissance and attack drones under terms of a $132.7 million contract to General Atomics Aeronautical Systems Inc. in Poway, Calif.

IATA selects Airbus ProSky for Asia-Pacific air traffic flow management

IATA selects Airbus ProSky for Asia-Pacific air traffic flow management

TOULOUSE, France, 3 April 2015. Bolstering regional collaboration in air traffic flow management (ATFM), International Air Transport Association (IATA), a trade association of the world’s airlines, has engaged Airbus ProSky to help educate Asia-Pacific stakeholders on cross-border ATFM implementation. Air traffic in the region is expected to increase by 5.7 percent annually over the next 10 years, with more than 50 percent of new routes connecting to the region, according to Airbus’ forecast.

ITT acquires Hartzell Aerospace, expands portfolio of aerospace environmental control systems

ITT acquires Hartzell Aerospace, expands portfolio of aerospace environmental control systems

WHITE PLAINS, N.Y., 2 April 2015. ITT Corp. (NYSE:ITT) has acquired Hartzell Aerospace, a manufacturer of highly engineered and customized solutions for aerospace environmental control systems on a wide range of high-growth, next-generation aircraft.

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