The global smart weapons market is valued at $3621 million in 2013 and is expected to register a CAGR of 8.06% to reach $5335.1 million by 2018. The cumulative market across the forecasted period is estimated to be $26.73 billion.
In a first-of-its-kind test for Raytheon Co.'s Accelerated Improved Intercept Initiative system, AI3 destroyed an unmanned aerial system (UAS) in flight. The intercept was part of the second guided test flights for the AI3 program and follows its first in-flight defeat of a 107mm rocket earlier in the test series.
Raytheon Co. successfully intercepted and destroyed a low quadrant elevation (QE) 107mm rocket as part of the second series of guided test vehicle (GTV) flight tests of the Accelerated Improved Intercept Initiative (AI3) program. The intercept is a major test milestone before the U.S. Army live-fire engagements begin in September.
QinetiQ has developed a new radar, Alarm™, specifically designed to provide sufficient warning against short range, low trajectory rocket attacks, enabling personnel to take evasive action and significantly reduce casualties.