Raytheon Technologies

Global Military Drone Market Expected to Reach $18 Billion By 2028 as U.S. Government Plays Crucial Role in Military Drone Industry

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Martedì, Maggio 7, 2024
ARK, Online, UAV, Group 1, Grumman, News, Partnership, AeroVironment, Convention (norm), RCAT, UAS, Defense, LMT, Aircraft, Lockheed Martin, Machine learning, Software, ATAK, NDAA, Special, Telephone, Radio, MANET, Ad hoc, Demonstration, SRR, Sony, Raytheon Technologies, Century, Government, Atmosphere, USD, FPV, PALM, Environment, General Atomics, Northrop Grumman, Technology company, Drone, Growth, Compound annual growth rate

According to a report from MarketsAndMarkets, the military drone market is poised to reach USD 18.2 billion by 2028, with a Compound Annual Growth Rate (CAGR) of 7.0% during the period from 2023 to 2028.

Key Points: 
  • According to a report from MarketsAndMarkets, the military drone market is poised to reach USD 18.2 billion by 2028, with a Compound Annual Growth Rate (CAGR) of 7.0% during the period from 2023 to 2028.
  • The report said: “The global race among nations to invest in drone technology has sparked a competitive environment.
  • This demand for more sophisticated drone capabilities is a key factor stimulating the expansion of the military drone market.
  • The MarketsAndMarkets report continued: “Based on operation mode, The military drone market is divided into remotely piloted, optionally piloted, and fully autonomous categories.

Frontgrade Technologies Announces Key Appointments to Executive Leadership Team

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Giovedì, Maggio 9, 2024
Technology, Contracts, Semiconductor, Other Technology, Aerospace, Manufacturing, Government Technology, Hardware, Defense, CFO, RTX, Master of Business Administration, General Electric, Fox, Couture, Hawker Beechcraft, Raytheon Technologies, McMaster University, Business administration, Transport, Business, Information technology, Raytheon Missiles & Defense, Engineering, Bombardier Aviation, Bachelor of Economics, Mercury Systems, Bachelor of Arts, York University, Multimedia, Ford Motor Company, Security, Economics, Management

Frontgrade Technologies (“Frontgrade”), a leading independent supplier of high-reliability, advanced electronic solutions for space and national security missions, announced today the appointments of Allen Couture as Chief Operating Officer (COO) and Kevin Fox as Chief Financial Officer (CFO), effective immediately.

Key Points: 
  • Frontgrade Technologies (“Frontgrade”), a leading independent supplier of high-reliability, advanced electronic solutions for space and national security missions, announced today the appointments of Allen Couture as Chief Operating Officer (COO) and Kevin Fox as Chief Financial Officer (CFO), effective immediately.
  • View the full release here: https://www.businesswire.com/news/home/20240509967417/en/
    Allen Couture, COO, recently joined the Frontgrade leadership team.
  • “We’re also very grateful to Neil and Conrad for their contributions to Frontgrade, especially during the company’s early days of establishing itself,” Stevison added.
  • Fox received his Master of Business Administration from Northwestern University’s Kellogg School of Business and his Bachelor of Arts from Boston College.

RTX's advanced ground system for space-based missile warning now operational

Retrieved on: 
Lunedì, Maggio 6, 2024
Payload, Raytheon Technologies, OBAC, Communications satellite

AURORA, Colo., May 6, 2024 /PRNewswire/ -- An advanced ground system for space-based missile warning developed by Raytheon, an RTX (NYSE: RTX) business, is now operational at the U.S. Space Force's Overhead Persistent Infrared Battlespace Awareness Center (OBAC).

Key Points: 
  • AURORA, Colo., May 6, 2024 /PRNewswire/ -- An advanced ground system for space-based missile warning developed by Raytheon, an RTX (NYSE: RTX) business, is now operational at the U.S. Space Force's Overhead Persistent Infrared Battlespace Awareness Center (OBAC).
  • The Future Operationally Resilient Ground Evolution Mission Data Processing Application Framework (FORGE MDPAF) is a modular and adaptable framework that enables fast integration of mission focused applications to process, exploit and disseminate information from satellites.
  • As a next step, FORGE MDPAF will move from supporting OBAC operations to full missile warning detection.
  • "FORGE MDPAF is designed to scale in a way that can handle the current volume of missile warning data and grow to support future proliferated space data processing needs."

First Two WorldView Legion Spacecraft Performing Well After Launch

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Giovedì, Maggio 2, 2024
Technology, Air, Satellite, Transport, Photography, Telecommunications, Aerospace, Manufacturing, Government Technology, Defense, SpaceX, Intelligence, Maxar Technologies, Raytheon Technologies, Vandenberg Space Force Base, SpaceX launch vehicles, Spacecraft, Multimedia, Communications satellite

View the full release here: https://www.businesswire.com/news/home/20240423533459/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240423533459/en/
    Images of the deployments of Maxar Intelligence's first two WorldView Legion satellites provided by SpaceX.
  • “The successful launch of the first two WorldView Legion satellites represents a transformational moment for our business,” said Maxar Intelligence CEO Dan Smoot.
  • WorldView Legion spacecraft are a new approach to Earth imaging satellites.
  • "We are proud to partner with Maxar Intelligence on the WorldView Legion program,” said Maxar Space Systems CEO Chris Johnson.

RTX's new generation of commercial satellite imagers launches with Maxar's WorldView Legion

Retrieved on: 
Venerdì, Maggio 3, 2024
Orbit, Telecommunications, Raytheon Technologies, Research, Electronics, Commercial, Communications satellite

ARLINGTON, Va., May 3, 2024 /PRNewswire/ -- Two next-generation imaging instruments designed by Raytheon, an RTX (NYSE: RTX) business, launched yesterday as part of Maxar's WorldView Legion satellites. These are the first two of six planned WorldView Legion satellites, which will provide a significant leap forward in Earth observation capabilities, offering improved surveillance and monitoring for a wide range of applications.

Key Points: 
  • ARLINGTON, Va., May 3, 2024 /PRNewswire/ -- Two next-generation imaging instruments designed by Raytheon, an RTX (NYSE: RTX) business, launched yesterday as part of Maxar's WorldView Legion satellites.
  • These are the first two of six planned WorldView Legion satellites, which will provide a significant leap forward in Earth observation capabilities, offering improved surveillance and monitoring for a wide range of applications.
  • These WorldView Legion satellites will support applications across multiple sectors, including national security, military and commercial mapping, maritime monitoring, telecommunications network planning, change detection and feature identification.
  • The satellite imagery collected by WorldView Legion will aid in assessing humanitarian needs, providing aid to natural disasters and businesses with transformational capabilities including mapping and logistical planning, insights to world events and supporting national defense.

Perimeter Security Market worth $114.2 billion by 2029- Exclusive Report by MarketsandMarkets™

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Mercoledì, Maggio 1, 2024
Investment, Risk, AI, Perimeter, Crime, Partnership, Teledyne FLIR, Urbanization, Wireless, Raytheon Technologies, Terrorism, AX, Prevalence, Overalls, Ameristar, Axis, Axis Communications, City, DHI, Machine learning, Software, Airport, Teledyne Technologies, Safety, Theft, Perimeter security, Dahua Technology, Automation, Robert Bosch GmbH, Government, Organization, Internet of things, Security alarm, Economic development, Growth

Due to several key factors, the PIDS segment is anticipated to have the highest CAGR in the Perimeter Security Market during the forecasted period.

Key Points: 
  • Due to several key factors, the PIDS segment is anticipated to have the highest CAGR in the Perimeter Security Market during the forecasted period.
  • The commercial end-use sector is forecasted to have the largest market size in the Perimeter Security Market due to several factors.
  • Additionally, businesses are increasingly adopting IoT devices and integrating them into their security systems, further driving the growth of the Perimeter Security Market in the commercial sector.
  • Track and analyze competitive developments, such as new product launches, mergers and acquisitions, partnerships, agreements, and collaborations in the global Perimeter Security Market.

Perimeter Security Market worth $114.2 billion by 2029- Exclusive Report by MarketsandMarkets™

Retrieved on: 
Mercoledì, Maggio 1, 2024
Investment, Risk, AI, Perimeter, Crime, Partnership, Teledyne FLIR, Urbanization, Wireless, Raytheon Technologies, Terrorism, AX, Prevalence, Overalls, Ameristar, Axis, Axis Communications, City, DHI, Machine learning, Software, Airport, Teledyne Technologies, Safety, Theft, Perimeter security, Dahua Technology, Automation, Robert Bosch GmbH, Government, Organization, Internet of things, Security alarm, Economic development, Growth

Due to several key factors, the PIDS segment is anticipated to have the highest CAGR in the Perimeter Security Market during the forecasted period.

Key Points: 
  • Due to several key factors, the PIDS segment is anticipated to have the highest CAGR in the Perimeter Security Market during the forecasted period.
  • The commercial end-use sector is forecasted to have the largest market size in the Perimeter Security Market due to several factors.
  • Additionally, businesses are increasingly adopting IoT devices and integrating them into their security systems, further driving the growth of the Perimeter Security Market in the commercial sector.
  • Track and analyze competitive developments, such as new product launches, mergers and acquisitions, partnerships, agreements, and collaborations in the global Perimeter Security Market.

Mobilicom to Unveil Unprecedented Comprehensive Solution for Uncrewed Vehicle Systems at AUVSI XPONENTIAL 2024

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Lunedì, Aprile 15, 2024
Northrop Grumman, Raytheon Technologies, Software, AUVSI, Computer security, Robotics, Boston Dynamics

Shoham, Israel, April 15, 2024 (GLOBE NEWSWIRE) --  Mobilicom Limited (Nasdaq: MOB, MOBBW), a provider of cybersecurity and robust solutions for drones and robotics, today announced it will exhibit and present its end-to-end cybersecure solutions at booth #4046 in the cybersecurity pavilion at AUVSI XPONENTIAL 2024 trade show and conference which will take place in San Diego, California on April 22 – 25, 2024.

Key Points: 
  • Mobilicom will showcase its growing portfolio of integrated hardware and software end-to-end solutions that deliver superior operational resilience for drones and robotics operators and platform manufacturers.
  • The Company’s products support a diverse range of applications and operations in the most challenging and inaccessible urban and rural environments.
  • “We look forward showcasing our end-to-end offering to the key decision makers in the uncrewed drones and robotics space at XPONENTIAL,” stated Mobilicom CEO and Founder Oren Elkayam.
  • The Cybersecurity Working Group is developing enterprise cybersecurity standards to address cyber risks specific to uncrewed systems and robotics.

CSG Sends Letter to Senator J.D. Vance Addressing His Concerns Regarding Planned Acquisition of Vista Outdoor’s Sporting Products Business, The Kinetic Group

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Martedì, Aprile 16, 2024
Contracts, Defense, Military, Kinetic Group, Vista Outdoor, General Dynamics Land Systems, Sale, Army, CSG, Treasury, Raytheon Technologies, Nonsense, History, Vladimir Putin, General Dynamics, Acquisition, Afghan Army, Mining, Government, Czechoslovak Group, Letter, FMG, CFIUS, Arms industry

Vance (R-OH) addressing concerns he raised in a letter to U.S. Treasury Secretary Janet Yellen in connection to CSG’s proposed acquisition of Vista Outdoor Inc.’s (NYSE: VSTO) (“Vista Outdoor”) Sporting Products business – recently renamed The Kinetic Group.

Key Points: 
  • Vance (R-OH) addressing concerns he raised in a letter to U.S. Treasury Secretary Janet Yellen in connection to CSG’s proposed acquisition of Vista Outdoor Inc.’s (NYSE: VSTO) (“Vista Outdoor”) Sporting Products business – recently renamed The Kinetic Group.
  • The full text of the letter can be found below:
    In January, you sent a letter to Treasury Secretary Janet Yellen expressing your concerns about the proposed sale of The Kinetic Group, formerly Vista Outdoor’s Sporting Products business, to our company, The Czechoslovak Group (“CSG”).
  • In your letter, you claimed that CSG is a company with a long record of wrongdoing and well-documented connections to American adversaries.
  • That's why we invite you to visit CSG member companies in the U.S. and Europe to experience first-hand who we really are.

RTX awarded $344 million contract to modernize electronics unit for missile development program

Retrieved on: 
Giovedì, Aprile 25, 2024
Raytheon Technologies, Software, Foreign Military Sales, Electronics, Foreign, Standard Missile, Navy

TUCSON, Ariz., April 25, 2024 /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, has been awarded a $344 million contract for the development of two missile variants – the SM-2 Block IIICU and SM-6 Block IU – which will be based on a common guidance section, where the electronics and software that guide a missile to its target are housed.

Key Points: 
  • The updated variants will share a newly designed guidance section, target detection device, independent flight termination system and electronics unit.
  • This commonality will allow Raytheon to manufacture both missiles on a common production line, providing flexibility, scalability, and cost reductions.
  • The development program is largely funded by Foreign Military Sales.
  • The first users of these updated missiles will be the U.S., Australia, Canada, Japan, and Korea.