Other Defense

Cubic Awarded Contract to Demonstrate High Capacity Backbone System for U.S. Air Force

Monday, August 3, 2020 - 12:02pm

Cubic Corporation (NYSE:CUB) today announced its Cubic Mission Solutions (CMS) business division was awarded a contract worth $38 million to deliver a Joint Aerial Layer Network (JALN) High Capacity Backbone (HCB) prototype for the U.S. Air Force (USAF).

Key Points: 
  • Cubic Corporation (NYSE:CUB) today announced its Cubic Mission Solutions (CMS) business division was awarded a contract worth $38 million to deliver a Joint Aerial Layer Network (JALN) High Capacity Backbone (HCB) prototype for the U.S. Air Force (USAF).
  • Cubics offering for USAF will consist of integrated capabilities across its Protected Communications and Command and Control, Intelligence, Surveillance and Reconnaissance (C2ISR) portfolios.
  • We are inspired by this opportunity to bring Cubic innovation into the JALN, said Marja Phipps, director of business development, Cubic Mission Solutions.
  • Over the last decade, Cubic has partnered with government stakeholders and invested significantly in the development of assured network connectivity solutions.

L3Harris Technologies Completes Sale of EOTech to American Holoptics

Friday, July 31, 2020 - 11:26pm

L3Harris Technologies (NYSE:LHX) today completed the previously announced sale of its EOTech business to American Holoptics, an affiliate of Koucar Management.

Key Points: 
  • L3Harris Technologies (NYSE:LHX) today completed the previously announced sale of its EOTech business to American Holoptics, an affiliate of Koucar Management.
  • With annual revenue of approximately $60 million, L3Harris EOTech business manufactures holographic sighting systems, magnified field optics and accessories for military, law enforcement and commercial markets around the world.
  • L3Harris Technologies is an agile global aerospace and defense technology innovator, delivering end-to-end solutions that meet customers mission-critical needs.
  • L3Harris has approximately $18 billion in annual revenue and 48,000 employees, with customers in more than 100 countries.

BAE Systems Completes Acquisition of Military GPS Business

Friday, July 31, 2020 - 3:07pm

BAE Systems has completed its acquisition of the Collins Aerospace Military Global Positioning System (GPS) business from Raytheon Technologies Corporation, bringing decades of experience, innovative technology, and an extensive installed base of products to the company.

Key Points: 
  • BAE Systems has completed its acquisition of the Collins Aerospace Military Global Positioning System (GPS) business from Raytheon Technologies Corporation, bringing decades of experience, innovative technology, and an extensive installed base of products to the company.
  • View the full release here: https://www.businesswire.com/news/home/20200731005314/en/
    BAE Systems acquisition of the Collins Aerospace Military Global Positioning System (GPS) business augments its portfolio with technology that enables reliable navigation and guidance for a range of defense missions.
  • (Photo: BAE Systems)
    As announced in January, this asset purchase is a unique opportunity to acquire a high-quality, technology-based business that augments the existing BAE Systems Electronic Systems portfolio through the addition of world-class GPS anti-jamming and anti-spoofing technology that enables reliable navigation and guidance for a range of defense missions.
  • Today marks the culmination of a tremendous team effort, and we are extremely proud to welcome the Military GPS employees to our company, said John Watkins, vice president and general manager of Precision Strike & Sensing Solutions at BAE Systems.

North America Biodefense Market 2020: Trend Forecast & Growth Opportunity - ResearchAndMarkets.com

Friday, July 31, 2020 - 1:39pm

The "North America Biodefense Market 2020-2030 by Product (Vaccines, Detection Devices, Antibiotics, Masks), Sales Channel, Application (Military, Civilian), and Country: Trend Forecast and Growth Opportunity" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "North America Biodefense Market 2020-2030 by Product (Vaccines, Detection Devices, Antibiotics, Masks), Sales Channel, Application (Military, Civilian), and Country: Trend Forecast and Growth Opportunity" report has been added to ResearchAndMarkets.com's offering.
  • North America biodefense market is expected to grow by 5.3% annually in the forecast period and reach $10.07 billion by 2030 amid the COVID-19 pandemic.
  • Highlighted with 25 tables and 37 figures, this 103-page report North America Biodefense Market 2020-2030 by Product (Vaccines, Detection Devices, Antibiotics, Masks), Sales Channel, Application (Military, Civilian), and Country: Trend Forecast and Growth Opportunity is based on a comprehensive research of the entire North America biodefense market and all its sub-segments through extensively detailed classifications.
  • Specifically, potential risks associated with investing in North America biodefense market are assayed quantitatively and qualitatively through a Risk Assessment System.

Griffon Corporation Declares Quarterly Dividend

Thursday, July 30, 2020 - 9:05pm

The Board of Directors of Griffon Corporation (NYSE: GFF) (the Company or Griffon) yesterday declared a regular quarterly cash dividend of $0.075 per share.

Key Points: 
  • The Board of Directors of Griffon Corporation (NYSE: GFF) (the Company or Griffon) yesterday declared a regular quarterly cash dividend of $0.075 per share.
  • The dividend is payable on September 17, 2020 to shareholders of record as of the close of business on August 20, 2020.
  • Griffon is a diversified management and holding company that conducts business through wholly-owned subsidiaries.
  • Griffon oversees the operations of its subsidiaries, allocates resources among them and manages their capital structures.

UD Trucks and Australia Post Commit to Allison Transmissions

Thursday, July 30, 2020 - 9:30pm

Allison Transmission, the largest global manufacturer of medium- and heavy-duty fully automatic transmissions for commercial and military vehicles, and UD Trucks are partnering to produce another automatic option for trucks in Australia.

Key Points: 
  • Allison Transmission, the largest global manufacturer of medium- and heavy-duty fully automatic transmissions for commercial and military vehicles, and UD Trucks are partnering to produce another automatic option for trucks in Australia.
  • UD Trucks has a strong history with Allison, widely offering the automatic option in its medium-duty trucks in Australia for more than 12 years.
  • View the full release here: https://www.businesswire.com/news/home/20200730005706/en/
    All of UD Trucks newly introduced Croner medium-duty range in Australia are equipped with the Allison 3000 SeriesTM automatic transmission, a factor that has attracted Australias largest registered transport fleet, Australia Post.
  • Australia Post National Fleet Manager, Terry Bickerton said the decision to purchase UD Croners was influenced by the availability of Allison Automatics as standard equipment.

COVID-19 Impacts: Defense Logistics Market Will Accelerate at a CAGR of about 2% through 2020-2024 | Rising Global Military Spending to Boost Growth | Technavio

Thursday, July 30, 2020 - 6:30pm

Please Request Free Sample Report on COVID-19 Impact

Key Points: 
  • Please Request Free Sample Report on COVID-19 Impact
    What was the value of the defense logistics market in 2019?
  • Growing at a CAGR of about 2%, the market growth will accelerate in the forecast period of 2020-2024.
  • Rising global military spending is one of the key factors driving the market growth.
  • Rising global military spending has been instrumental in driving the growth of the market.

Cobham Advanced Electronic Solutions Actuators and Radiation Hardened Technology Head Back to Mars on NASA’s Perseverance Rover

Thursday, July 30, 2020 - 3:30pm

Cobham Advanced Electronic Solutions (CAES) announced today that its actuators and radiation hardened (RadHard) microelectronics are heading back to the planet of Mars as part of todays NASA MARS2020 Perseverance Rover Launch .

Key Points: 
  • Cobham Advanced Electronic Solutions (CAES) announced today that its actuators and radiation hardened (RadHard) microelectronics are heading back to the planet of Mars as part of todays NASA MARS2020 Perseverance Rover Launch .
  • The MARS2020 Perseverance rover mission is part of the NASA Mars Exploration Program's long-term robotic exploration of the red planet.
  • Space is one of our passions at Cobham Advanced Electronic Solutions and developing solutions for space and space exploration is in our core DNA, said Shawn Black, CEO, Cobham Advanced Electronic Solutions.
  • About Cobham Advanced Electronic Solutions:
    Cobham Advanced Electronic Solutions is the largest provider of analog and radiation hardened technology for the United States aerospace and defense industry.

Global $8 Bn Target Drones Market Assessment 2019-2027 Featuring ASV Global, AeroTargets Int'l, Boeing Company, and QinetiQ Group Among Others - ResearchAndMarkets.com

Thursday, July 30, 2020 - 3:18pm

The Global Target Drones market accounted for $4.04 billion in 2019 and is expected to reach $8.04 billion by 2027 growing at a CAGR of 9% during the forecast period.

Key Points: 
  • The Global Target Drones market accounted for $4.04 billion in 2019 and is expected to reach $8.04 billion by 2027 growing at a CAGR of 9% during the forecast period.
  • Increased emphasis on enhanced military training and the advantages of target drones over manned target vehicles are the major factors propelling the growth of the market.
  • Some of the key players profiled in the Target Drones Market include ASV Global, AeroTargets International, Boeing Company, QinetiQ Group, Kratos Defense & Security Solutions, Northrop Grumman Corporation, Saab, Airbus, Leonardo and Lockheed Martin Corporation.
  • Covers Market data for the years 2018, 2019 2020, 2024 and 2027
    Company Profiling with detailed strategies, financials and recent developments

Ballistic Protection Industry Overview and Outlook 2020-2027 - ResearchAndMarkets.com

Thursday, July 30, 2020 - 1:37pm

The "Ballistic Protection - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Ballistic Protection - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
  • The publisher brings years of research experience to this 4th edition of the report.
  • The 280-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021.
  • The U.S. Market is Estimated at $2.7 Billion, While China is Forecast to Grow at 6.4% CAGR
    The Ballistic Protection market in the U.S. is estimated at US$2.7 Billion in the year 2020.