Aerospace and Defense Channel

Akash Systems Raises $14.5M Series A

Akash Systems announced it has raised $14.5 million in Series A funding, including $10 million in new equity and $4.5 million converted from prior notes. Akash plans to use the capital to scale its transmit/receive radio modules and power amplifier business, moving it closer to profitability.

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Raytheon AESA Selected for B-52 Radar Upgrade

Raytheon will design, develop, produce and sustain a new active electronically scanned array (AESA) radar for the entire U.S. Air Force B-52 fleet, with low rate initial production scheduled to begin in 2024. The upgrade will be based on AESA technologies developed by Raytheon for the APG-79 and APG-82 radar families.

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Electronic Warfare Market Redefining the Strength of the Defense Industry

A MarketsandMarkets report forecasts the global electronic warfare market, which was estimated to be valued at USD 24.20 billion in 2017, will grow to USD 30.32 billion by 2022, a CAGR of 4.61 percent between 2017 and 2022. Defense modernization programs and increasing procurement of advance electronic warfare systems are the major factors fueling the growth, a combination of cyber operations and electronic warfare capabilities for both defense and offensive operations.

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