Business

May 10, 2013

Forecast International expects C4I market will face budget limitations in tight economy

Information: Who has it, who needs it, and how to distribute it remain the core of C4ISR.

Forecast International’s “The Market for C4I” examines 222 leading C4I programs worldwide and reviews 22 companies involved in the production of C4I systems.

It projects that the combined market value of these programs will be $50.756 billion over the next 10 years. Broken down, the value of the programs covered by the study will continually decline over the decade from $6.988 billion in 2013 to $3.711 billion in 2022. This 46.88 percent drop ($3.277 billion) in projected annual sales indicates that less than half of the programs explored will be completed by the end of the 10-year forecast period of 2013-2022.

“Upcoming defense budgets will be tight – very tight – as the world economy continues to struggle in the aftermath of the global recession,” said Richard Sterk, Senior Electronics Analyst at Forecast International, adding that “much government money has been diverted to other areas in order to keep a country’s economy solvent.”

“Spending on defense may seem like the last thing a country would do to stimulate its economy, but in reality, it is one of the first targets for spending,” said Sterk. “A nation’s defense is as much a ‘public works’ as a new road. Money pumped into defense stimulates an economy by providing jobs to local populations (most work stays in-country due to security concerns) and gives the military the tools it needs.”

Based on the market as reviewed in this analysis, the top five C4I defense companies over the next 10 years in terms of sales volume and percent market share will be Raytheon, General Dynamics, Harris, Northrop Grumman and Lockheed Martin.

 




All of this week's top headlines to your email every Friday.


 
 

 

Lockheed Martin teams with Roketsan of Turkey on new standoff missile for F-35

Roketsan and Lockheed Martin signed a teaming agreement Oct. 22 for collaboration on the SOM-J, a new generation air-to-surface Standoff Cruise Missile for the F-35 Lightning II. The SOM system is an autonomous, long-range, low-observable, all-weather, precision air-to-surface cruise missile. The SOM-J variant is tailored for internal carriage on the F-35 aircraft. The companies will...
 
 
boeing-777-facility2

Boeing celebrates groundbreaking for 777X composite wing center

  Investment of more than $1 billion will sustain thousands of Puget Sound jobs Boeing Oct. 21 celebrated the groundbreaking of its new 777X Composite Wing Center at the Everett, Wash., campus. Permitting for the new 1-mil...
 
 

Northrop Grumman to supply new attitude, heading reference system for Airbus helicopters

Northrop Grumman has been selected by Airbus Helicopters to certify and deliver its new LCR-350 Attitude and Heading Reference System for several helicopter platforms. Developed by Northrop Grumman’s subsidiary in Germany, Northrop Grumman LITEF, the LCR-350 AHRS can be used in civil and military applications on rotary- and fixed-wing platforms, providing critical flight control data...
 

 
dassault

Dassault Falcon Jet establishes new pilot operational support team

Arnaud Paulmier, head of Dassault Falcon Jet’s new operational support team. Dassault Falcon Jet recently established a new Pilot Operational Support Team in Teterboro, N.J., to support operators in the Western Hemisphere. Th...
 
 

U.S. Navy awards Raytheon $49.5 million enhanced Laser Maverick production contract

The U.S. Navy has awarded Raytheon a $49.5 million contract for production of new laser-guided Maverick missiles (AGM-65E2/L). The Navy also intends to exercise a contract option to purchase additional units bringing the total contract value to $54.9 million. The Maverick weapon system, a U.S. Air Force-led joint service program, is a forward firing, precision-guided,...
 
 
Northrop Grumman photograph by Alan Radecki

Second Northrop Grumman-built Triton UAS completes first flight

Northrop Grumman photograph by Alan Radecki The second MQ-4C Triton, built by Northrop Grumman for the U.S. Navy, successfully completed its first flight Oct. 15 PALMDALE, Calif. – The U.S. Navy’s second MQ-4C Triton un...
 




0 Comments


Be the first to comment!


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>