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Industry News

Spending on military communications to exceed $35 billion by 2024

Strategy Analytics defense research has just completed a comprehensive analysis of the military communications sector, looking at radios, communications satellites, VSAT terminals, datalinks, networks and other systems. Trends driving spending on the military communications sector will be underpinned by network-centric IP-based communications that will translate to spending on global military communications systems growing to over $35.3 billion in 2024, representing a CAGR of 3.4%.


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Harris completes acquisition of Exelis

Harris Corp. completed its previously announced acquisition of Exelis Inc. Each outstanding share of Exelis common stock converted into the right to receive $16.625 in cash and 0.1025 of a share of Harris common stock. Harris shareholders own 85 percent of the combined company and Exelis shareholders own 15 percent.


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APEI and Richardson Electronics sign global distribution agreement

APEI of Fayetteville, Ark., a world leader in wide bandgap packaging and design, announced that it finalized a global distribution agreement with Richardson Electronics, Ltd. Richardson Electronics is a global provider of engineered solutions and a leading distributor of electronic components. This agreement will support the expansion of APEI’s products into new markets and applications as the demand for wide bandgap products continues to accelerate.


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