Market News

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

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.

EASA recommends two crew in cockpit entire flight to avoid pilot lockouts, intentional crashes

EASA recommends two crew in cockpit entire flight to avoid pilot lockouts, intentional crashes

COLOGNE, Germany, 31 March 2015. The European Aviation Safety Agency (EASA) officials have published a temporary recommendation for airlines to ensure that at least two crew, including at least one qualified pilot, are in the flight crew compartment at all times of the flight.

Navy chooses electronic jammer transmitters from Cobham for Navy EA-18G jets

PATUXENT RIVER NAS, Md., 30 March 2015. U.S. Navy electronic warfare (EW) experts are looking to Cobham plc to provide transmitters for electronic jammers for Navy EA-18G jet aircraft avionics that are designed to spoof and blind enemy low-frequency radar systems.

Space company Astrotech acquires imaging technology in auction

Space company Astrotech acquires imaging technology in auction

AUSTIN, Texas, 24 March 2015. Astrotech Corp. (Nasdaq:ASTC), a provider of disruptive technology solutions, acquired certain key assets and intellectual property from Image Trends Inc. during a bankruptcy auction. Company officials coupled the acquired technologies, intellectual property, and know-how with selected high-performance space imaging technologies to establish Astral Images Inc., intended to revolutionize the film-to-digital conversion process for the new ultra-high definition 4K standards, affirms Thomas B. Pickens, CEO of Astrotech.

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