The Unmanned Aircraft Systems (UAS) Market Revenue Expect to Exceed $27 Billion In 2025 - Seite 3

Other recent developments in the tech industry include:

Gulfstream Aerospace Corp., a wholly owned subsidiary of General Dynamics (NYSE:GD), announced recently that it has been awarded $696 million in contracts from the U.S. Air Force Life Cycle Management Center for engineering services support and contractor logistics for C-20 and C-37 aircraft.

The Engineering Service Contract (ESC) represents a $612 million, 10-year renewal of a prior ESC. The contractor logistics support (CLS) award for $84 million exercises Option Year Four of an existing CLS contract, bringing its cumulative face value to $594 million.

Raytheon Technologies (NYSE: RTX), Raytheon Intelligence & Space, a Raytheon Technologies business will continue operating and maintaining the U.S. government's Relocatable Over-the-Horizon Radar (ROTHR) system under a $146 million, five-year contract.

Originally developed to track long-range targets for aircraft and ships, ROTHR is now the primary detection system for border security and drug smuggling interdiction for the Joint Interagency Task Force South. In 2020 alone, ROTHR contributed to the seizure of 26 metric tons of cocaine from drug smugglers attempting to cross into U.S. territory.

Northrop Grumman Corporation (NYSE: NOC) and the company's wholly-owned subsidiary, SpaceLogistics LLC, have successfully completed the docking of the Mission Extension Vehicle-2 (MEV-2) to the Intelsat 10-02 (IS-10-02) commercial communications satellite to deliver life-extension services. The docking was completed at 1:34 p.m. EST.

Northrop Grumman is the only provider of flight-proven life extension services for satellites, and this is the second time the company has docked two commercial spacecraft in orbit. The company's MEV-1 made history when it successfully docked to the Intelsat 901 (IS-901) satellite in February 2020. Unlike MEV-1, which docked above the GEO orbit before moving IS-901 back into service, MEV-2 docked with IS-10-02 directly in its operational GEO orbital location.

AeroVironment, Inc. (NASDAQ: AVAV), a global leader in unmanned aircraft systems (UAS), recently announced it received a $13,010,560 cost-plus-fixed-fee contract order on March 24, 2021 from the U.S. Army for Switchblade 300 tactical missile systems contractor logistics support. The contract has a total potential value of $40,852,467, for which funding was authorized via a DoD-approved Joint Urgent Operational Need Statement. Logistics support services are scheduled to be delivered through March 2024.