Latvia procures US medium-range missile defence systems
Following on from Latvia’s Iris-T SLM purchase last month, the Baltic nation is growing its medium-range air defence systems with US HIMARS and GMLRS rounds.
26 October 2023
26 October 2023
Following on from Latvia’s Iris-T SLM purchase last month, the Baltic nation is growing its medium-range air defence systems with US HIMARS and GMLRS rounds.
Boeing has grappled with 737 Max Airliner production issues and high costs for the presidential Air Force One fleet.
Raytheon tests its low, slow, small-unmanned aircraft integrated defence system (LIDS) using the Ku-band Radio Frequency Sensor (KuRFS) and Coyote Small Unmanned Aerial System.
A milestone has been achieved as Bell and Sikorsky receive the T901 Engines for their prototypes.
Per GlobalData estimates, the space industry was worth $450 billion in 2022 and is expected to expand at a CAGR of somewhere between 6% and 10% by 2030. Investor interest, evident gaps in the market, and advancements in space technologies have led to a surge in start-ups entering the space economy in the last five years. The unforgiving environment of space exploration is matched by the harsh financial reality of developing space technologies, which has made acquisitions of complementary companies, strategic suppliers, and partners more likely.
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