The Army has selected Lockheed Martin to provide "training aids, devices, simulators and simulations, maintenance, sustainment, operations and support of instrumentation systems and live-fire ranges," under a $3.5 billion contract, according to the Pentagon.
Boeing Global Services is pursuing partnerships with defense firms in Europe on the company's quest to go from $16 billion to $50 billion in annual sales by 2025. "What we are seeing today is a wide range of well-made platforms with a long length, from an airframe life perspective, which led to an increasing need to update platforms with new avionics systems, weapons and subsystems," said Howard Berry of Boeing Global Services.
Boeing Phantom Works is reportedly working on a second version of its MQ-25 tanker drone in a quest to win a contract with the Navy. "They're really intent on strengthening their position in unmanned systems," said Phil Finnegan of the Teal Group.
Raytheon, in partnership with Rheinmetall, is touting the capabilities of a Patriot-based air defense system to serve Germany. Lockheed Martin and MBDA Deutschland won a contract in 2015 to develop German air defenses based on the Medium Extended Air Defense System.
The aircraft maintenance, repair and overhaul market will grow at a rate of 3.8% through 2022, according to Esticast Research and Consulting. Regulations could be an obstacle for the market globally.
The Air Force is planning to invest $44.3 billion in space systems in coming years. "The Air Force's FY-19 budget accelerates our efforts to deter, defend and prevail against anyone who seeks to deny our ability to freely operate in space," said Gen. John "Jay" Raymond.
An Aerospace Industries Association report highlights the bright future for the commercial drone industry and the risk of the US being left behind unless regulations are updated. "Global competitors are working to seize the market from the United States, the country that invented this technology," said AIA President and CEO Eric Fanning. "We must start now on certification standards, exports, and spectrum to ensure the opportunities stay American."
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