Following a sustained period of growth, overall defense expenditure is expected to flatten out over the next ten years. Global defense expenditure was estimated at $1.7 trillion in 2012 and will show an estimated growth of just 0.2% through 2022. While global expenditure will remain flat, individual regional trends are seeing some varying dynamics. North America, led primarily by the US, has led global expenditure on defense as the primary contributor to coalition action in theatres such as Iraq and Afghanistan. As these conflicts are drawn to a close, the US is expected to reduce spending on military budgets.
Lockheed Martin received two production contracts on totaling $449 million from the U.S. Air Force for continued production of the Joint Air-to-Surface Standoff Missile (JASSM) and the Extended Range (ER) variant.
Exelis has received a contract valued at more than $76 million to provide mobile ground control approach capabilities to the Polish Air Force, Navy and Land Forces. This program will bring the number of Exelis radars in Poland to 14 as the company continues to extend its leadership in the growing field of intelligence, surveillance, reconnaissance and analytics.
Striking new observations with the Atacama Large Millimeter/ submillimeter Array (ALMA) telescope capture, for the first time, the remains of a recent supernova brimming with freshly formed dust. If enough of this dust makes the perilous transition into interstellar space, it could explain how many galaxies acquired their dusty, dusky appearance.
BAE Systems has designed the SWaP Multi-INT system, which detects and tracks adversaries’ activities in real time. The new multi-function radar system integrates with airborne intelligence, gathering sensors that capture information simultaneously.
The Federal Aviation Administration (FAA) announced that Nevada has been selected as one of six locations to be a center for unmanned aerial vehicle (UAV) development in the United States. As a UAV development site, the most likely economic forecast shows that there could be thousands of jobs for UAS direct employees with an average wage of approximately $62,000; an estimated $2.5 billion in economic impact in present dollars; and an estimated $125 million in annual state and local tax revenue.
The U.S. Navy has awarded BAE Systems a three-year, $171 million contract to continue providing engineering and integration support to its Fleet Ballistic Missile Program. The work will focus on the Navy’s Trident II D-5 submarine-launched ballistic missiles.
Exelis has received a contract valued at more than $8 million to provide transportable, precision ground control approach capabilities to the Estonian armed forces. The GCA-2020 radar system will enable Estonia Ämari Air base, one of NATO's most modern bases, to support NATO exercises, contingencies and humanitarian efforts.