Aerospace and Defense Industry Projected to Grow

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  July 4, 2019 | International, Aerospace

  Karem Aircraft announces FARA Competitive Prototype team

  Karem Aircraft Press Release Karem Aircraft, Northrop Grumman Corporation, and Raytheon Company have formed a team to execute the U.S. Army Future Attack Reconnaissance Aircraft Competitive Prototype (FARA CP) development contract. FARA CP will provide the U.S. Army with a new armed scout aircraft. The three companies will apply decades of combined knowledge, skills, and abilities to bring the best of vehicle and systems technologies and processes to the first aircraft within the Future Vertical Lift family of systems. Karem's unique active variable speed rotor technologies have been developed over the last decade through extensive collaboration with the U.S. Army. “Karem has enjoyed a strong partnership with the U.S. Army over the last decade collaboratively developing VTOL technologies and we look forward to leveraging the U.S. Army's investment by applying these innovative technologies to our FARA aircraft,” said Thomas Berger, Karem's program manager for FARA CP. “With our two exceptional partners, each with a strong track record of delivering combat capability in support of the warfighter, we are now able to provide a complete solution for the U.S. Army that maintains battlefield superiority into the future.” This expertise will be augmented with Northrop Grumman's manned and autonomous military aircraft development, system integration, production, and support expertise and Raytheon's systems architecture, mission equipment, and weapons capabilities. The Karem Aircraft-Northrop Grumman-Raytheon team will work collaboratively with the U.S. Army's multidisciplinary team to meet the needs of the FARA CP program. https://www.verticalmag.com/press-releases/karem-aircraft-announces-fara-competitive-prototype-team/

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  July 27, 2020 | International, Aerospace

  Chile approved for $634M worth of F-16 upgrades

  By: Aaron Mehta Updated at 6:35 PM EST to include information on the number of planes being upgraded. WASHINGTON — The U.S. State Department has cleared Chile to purchase modernization upgrades for its F-16 fleet, with a potential $634 million price tag. Chile currently operates 44 F-16s. That includes 10 Block 50 models purchased in the early 2000s, as well as 36 older models bought second-hand from the Netherlands. Reports that Chile would look to upgrade their existing F-16 fleet first emerged in 2017, but final details had not been made public. Analysts have also speculated that Chile may look to buy a small number of new F-16s to supplement its fleet. The upgrades included in this potential sale include 19 Joint Helmet-Mounted Cueing Systems (JHMCS); six inert MK-82 (500LB) general purpose bomb bodies; two MXU-650KB Air Foil Groups (AFG); 44 LN-260 Embedded GPS/INS (EGI) and 49 Multifunctional Information Distribution System Joint Tactical Radios (MIDS JTRS). Also included are avionics equipment and software upgrades, new radios, upgraded IFF transponders, secure communications equipment and other parts. The upgrades are expected to go across the 44 plane fleet. “The proposed sale will improve Chile's capability to meet current and future threats by modernizing its F-16 fleet, which will allow Chile to maintain sovereignty and homeland defense, increase interoperability with the United States and other partners, and deter potential adversaries,” per a statement on the website of the Defense Security Cooperation Agency. Lockheed Martin, which produces the F-16, will be the prime contractor on the deal, should it go through. All DSCA announcements must be cleared by Congress. At that point negotiations begin. Quantities and dollar values often change in the final agreement. Although this is the first FMS case approved for Chile since the start of fiscal 2017, the F-16 has proven to be a reliable sales vehicle for Lockheed abroad, with 14 F-16 related FMS requests cleared by DSCA during this time period. https://www.defensenews.com/global/the-americas/2020/07/23/chile-okd-for-f-16-upgrades/

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  January 14, 2019 | International, Aerospace

  Modernisation and Procurement Opportunities in the Global Combat Aircraft Market to Exceed $101 Billion by 2026

  Renewed emphasis on stealth, sensor fusion, MUM-T, and active protection systems will ignite new growth opportunities, finds Frost & Sullivan LONDON, Jan. 14, 2019 /CNW/ -- The global combat aircraft market is set for rapid growth. Geographical instability, territorial and border disputes, and the need to replace ageing fleets with modern fourth-/fifth-generation multirole fighters that have longer ferry range, higher payload capacity, and better survivability against integrated air defence networks are key factors fuelling a phenomenal CAGR of 39.0% to 2026. Frost & Sullivan anticipates planned and perceived modernisation and procurement opportunities in the market to exceed $101 billion and revenues to reach $493.14 billion by 2026. "Geopolitics aside, the combat fleet in many countries such as India, Vietnam, and Malaysia are reaching obsolescence fast and replacements must be procured to ensure that power projection capabilities of these countries are maintained. There is a global renewed emphasis on stealth, sensor fusion, manned-unmanned teaming (MUM-T) capability, and active protection system upgrades," said Arjun Sreekumar, Industry Analyst, Defence at Frost & Sullivan. "To harness lucrative growth opportunities, players should offer a combination of low-cost platforms, aggressive marketing, and flexible payment mechanisms." For further information on this analysis, please visit: http://frost.ly/331 Growth opportunities from a regional perspective include: Geopolitical issues necessitate new procurement and modernisation in the Middle East in countries such as Qatar, Saudi Arabia, and the United Arab Emirates Modernisation of existing systems or procurement of second-hand aircraft rather than pursuing expensive acquisition programs in former Soviet bloc countries and other developing countries with smaller economies or low economic growth Collaborative new platforms planned in Europe (Franco-German next-generation fighter) and the Asia-Pacificregion (Japan and Indonesia) Russia and China modernising quickly and phasing out outdated inventory The United States seeking several upgrade programs for its current combat aircraft inventory to extend service lives into the 2030s, until the F-35 and new fifth-/sixth-generation multirole fighters can be procured "Older generation combat aircraft will find future air combat environments challenging in the face of new air and ground-based sensors and weapons capabilities, increased digitalisation of battlespace, and forces moving towards collaborative network-centric operations," noted Sreekumar. "The installation of new generation electronic countermeasures will be a minimum survival requirement in a rapidly evolving environment." Frost & Sullivan's recent analysis, Global Combat Aircraft Market, Forecast to 2026, covers the global market for new aircraft and upgrades specific to combat aircraft. It lists the key aircraft fielded by different countries based on their mission and types and traces their upgrade evolution. Segments such as strike, fighter, and multirole fighter across fixed-wing aircraft types are assessed with market share and the competitive environment discussed for players such as Lockheed Martin, Boeing, Dassault Aviation, Saab, Eurofighter Jadflugzeug GMBH, Mikoyan MiG, and Sukho. Revenues are broken down by new procurements, upgrades, regions, and combat aircraft types. About Frost & Sullivan For over five decades, Frost & Sullivan has become world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion. Global Combat Aircraft Market, Forecast to 2026 MD43_16 Contact: Jacqui Holmes Corporate Communications Consultant E: jacqui.holmes@frost.com Twitter: @FrostADS LinkedIn: Frost & Sullivan's Aerospace, Defence and Security Forum Website: http://www.frost.com/ADS SOURCE Frost & Sullivan https://www.newswire.ca/news-releases/modernisation-and-procurement-opportunities-in-the-global-combat-aircraft-market-to-exceed-101-billion-by-2026-855358362.html