Richardson RFPD Inc. announced that it has received a 2012 Boeing Performance Excellence Award. The Boeing Co. issues the award annually to recognize suppliers who have achieved superior performance. Richardson RFPD maintained a Silver composite performance rating for each month of the 12-month performance period.
According to Euroconsult's newly released research report, Government Space Markets, World Prospects to 2022, government spending on space reached a peak in 2012 of $72.9 billion, a non-negligible increase compared to 2011 which followed two consecutive years of minimal growth.
Raytheon Co. delivered its eighth AN/TPY-2 radar to the Missile Defense Agency (MDA) in support of the U.S. combatant commands. An integral capability of the Ballistic Missile Defense System (BMDS), AN/TPY-2 is a mobile, X-Band phased-array radar that helps protect the U.S., deployed forces, and America's friends and allies by searching, acquiring and tracking threat ballistic missiles and discriminating between threats and non-threats.
The beginning of 2013 started to see revenue results for companies. Most companies reported results that were essentially stable with minor increases or declines year-on-year. Boeing was the exception with revenues growing 19% year-on-year on the back of the company's commercial business. Company results reflected a slowing defense market, but contract activity was surprisingly good in January with new contracts across all sectors including radar, communications and EW. There were a number of international shows in February providing the stage for companies to establish strategic relationships, form joint ventures and highlight their capabilities as well as signing major contracts. Asif reviews these early year trends along with some briefings with various defense companies.
AMETEK Programmable Power, the global leader in programmable AC and DC power test solutions, announces that its ReFlex Power™ (RFP) System is now qualified for use in standard Department of Defense (DoD) Automated Test Systems (ATS) across all major military branches.