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.


 
 

 
LM-C5

Double Deuce

A U.S. Air Force crew ferried the 22nd C-5M Super Galaxy from the Lockheed Martin facilities in Marietta, Ga., Aug. 25. Aircraft 86-0011 was ferried by a crew led by Maj. Gen. Dwyer L. Dennis, Director, Global Reach Programs, O...
 
 
Northrop Grumman photograph

First ever RQ-4 Global Hawk hits 100th flight on NASA mission

Northrop Grumman photograph A historical look at the first Global Hawk (AV1) during its maiden flight over Edwards Air Force Base, Calif., on Feb. 28, 1998. AV1 has made history again with its 100th flight in support of NASA en...
 
 

Northrop Grumman’s CIRCM system completes U.S. Army flight testing

Northrop Grumman’s Common Infrared Countermeasures system recently completed another round of U.S. Army testing by demonstrating its capabilities on a UH-60M Black Hawk helicopter. The flight test was conducted at Redstone Arsenal in Huntsville, Ala., by the Redstone Test Center. The Northrop Grumman CIRCM system was subjected to rigorous conditions over a six-week period, after...
 

 

USSOCOM signs a five-year framework contract for the Carl-Gustaf weapon system

Defense and security company Saab has signed a new framework contract with the U.S. Special Operations Command for the company’s Carl-Gustaf man-portable weapon system (in the U.S. named MAAWS; Multi-role, Anti-armor Anti-Personnel Weapon System). The contract is a follow on agreement to a previous five-year contract for the 84mm recoilless rifle system. In connection with...
 
 

RQ-4 Global Hawk demonstrates expanded mission capabilities

With several test flights this summer, the U.S. Air Force RQ-4 Global Hawk Wide Area Surveillance Unmanned Aircraft System proved its ability to operate with an expanded variety of intelligence exploitation ground stations and collect mission data in more places. The RQ-4 Global Hawk UAS is built by Northrop Grumman and is equipped with a...
 
 
boeing-jordan

Boeing celebrates delivery of Royal Jordanian’s first 787 Dreamliner

  Boeing and Royal Jordanian Aug. 27 celebrated the delivery of the airline’s first 787 Dreamliner. The airplane will play a central role in the Amman-based airline’s strategic plan for fleet modernization. Roy...
 




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>