17 November 2023
17 November 2023
The EDA sets a high priority on land-based precision engagement, learning from the difficulties Ukraine has endured with limited long-range strike capabilities.
Contracts, collaborations, and changes mark a pivotal year for EDGE Group.
Kongsberg Aerospace and Defence will deliver eight launcher units and four fire control centres, replacing equipment the nation has donated to Ukraine.
Just as Boeing expanded its own Huntsville facility, Lockheed Martin also announced its Huntsville expansion for future ballistic missile interceptors.
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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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