ICBM

• ROY, Utah, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE: NOC) successfully completed tests of several crucial elements of the Sentinel intercontinental ballistic missile (ICBM), marking significant progress for the program in its engineering, manufacturing and development phase.
• The shroud fly-off and missile modal tests were part of the company’s engineering, manufacturing, and development (EMD), or design, contract for Sentinel.
• Northrop Grumman is closely partnered with the Air Force as the EMD phase progresses and key milestones are achieved.
• (Photo Credit: Northrop Grumman)
  Sarah Willoughby, vice president and program manager, Sentinel, Northrop Grumman: “Working with the Air Force and our team of suppliers, we put key elements of the missile’s hardware to the test to mature our design and lower risk.

• Based on speed, the Rocket and missile market has been segmented into subsonic, supersonic, and hypersonic.
• By launch mode, the surface-to-surface segment is estimated to account for the largest share of the Rocket and missile market in 2023.
• Based on launch mode, the rocket and missile market has been segmented into surface-to-surface, surface-to-air, air-to-air, air-to-surface, and subsea-to-surface.
• The North America accounted for the largest share in rocket and missile market in 2023.

• The report highlights China’s increasing foreign policy assertiveness and its growing military power.
• Biden and Yoon agreed on a range of measures to enhance nuclear deterrence on the Korean peninsula.
• These include the establishment of a Nuclear Consultative Group (NCG) to help “plan for nuclear contingencies and cooperate on the Alliance’s approach to nuclear deterrence”.
• But, while committing to consultation over “any possible nuclear weapons employment on the Korean Peninsula” the US retains the sole right to decide on the use of nuclear weapons under all circumstances.
• This goes at least some way towards the “joint nuclear exercises” that Yoon called for at the time of their first summit in May 2022.

More visible US presence on peninsula

• Under the heading: “More visible US strategic asset deployment”, the new agreement commits to “enhancing the deployment of US strategic assets in and around the Korean Peninsula, in particular US nuclear-capable platforms”.
• The words “more visible” are significant here because normally the location and deployment of sea-based nuclear deterrents is kept strictly secret.
• In spite of the close relationship between Washington and Seoul, engagement on security issues with North Korea remains an urgent priority.

• DUBLIN, Jan. 9, 2023 /PRNewswire/ -- The "Global Missiles and Missile Defense Systems Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 by Range, Missile Type, Missile Defense system and Region" report has been added to ResearchAndMarkets.com's offering.
• According to this analysis, the Global Missiles and Missile Defense Systems Market was valued at ~US$ 20 billion in 2017.
• The market for Missiles and Missile Defense Systems will be driven by government spending on missiles and missile defense systems across national land and water borders is being driven by rising military budgets in response to rising geopolitical tensions among various countries and fears about terrorism..
• Anti-aircraft missiles are guided weapons intended to harm or kill airplanes and include surface-to-air missiles, air-to-air missiles, and subsurface-to-air missiles
  By Missile Defence system - The Surface-To-Surface Missiles segment accounted for the highest market share in 2021 in the global missile and missile defense system market.