Avionics

VPG Reports Fiscal 2024 First Quarter Results

Retrieved on: 
Tuesday, May 7, 2024
Sale, Diversified Technical Systems, DTS, Investment, KELK, Transport, Depreciation, Annual report, OEM, Public expenditure, AMS, Tax, VPG, System of measurement, Sensor, Test, Acquisition, Avionics, GAAP

MALVERN, Pa., May 07, 2024 (GLOBE NEWSWIRE) -- Vishay Precision Group, Inc. (NYSE: VPG), a leader in precision measurement and sensing technologies, today announced its results for its 2024 first fiscal quarter ended March 30, 2024.

Key Points: 
  • MALVERN, Pa., May 07, 2024 (GLOBE NEWSWIRE) -- Vishay Precision Group, Inc. (NYSE: VPG), a leader in precision measurement and sensing technologies, today announced its results for its 2024 first fiscal quarter ended March 30, 2024.
  • First Fiscal Quarter Financial Trends:
    The Company's first fiscal quarter 2024 net earnings attributable to VPG stockholders were $5.9 million, or $0.44 per diluted share, compared to $7.0 million, or $0.51 per diluted share, in the three fiscal months ended April 1, 2023.
  • The Sensors segment revenue of $29.4 million in the first fiscal quarter of 2024 decreased 19.9% from $36.7 million in the first fiscal quarter of 2023, and decreased 14.1% compared to $34.3 million in the fourth fiscal quarter of 2023.
  • Gross profit margin for the Weighing Solutions segment was 39.1% for the first fiscal quarter of 2024, which increased compared to 34.9% in the first fiscal quarter of 2023, and increased compared to 35.6% in the fourth fiscal quarter of 2023.

Defense Electronics Obsolescence Market worth $3.7 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Wednesday, March 20, 2024
C4ISR, Statistics, Communication, Optics, Component, Growth, Control System, PLS, USB On-The-Go, Elbit Systems, Support, Electronics, Navigation, Sale, RF, Protection, Capability, Command, Raytheon Technologies, L3Harris Technologies, Sensor, Transmit (file transfer tool), Electronic warfare, Vetronics, HMDS, Avionics, BAE Systems, Arms industry

The defense electronics obsolescence market has been classified into communication system; navigation system; human machine interface; flight control system; targeting system; electronic warfare system; and Sensors.

Key Points: 
  • The defense electronics obsolescence market has been classified into communication system; navigation system; human machine interface; flight control system; targeting system; electronic warfare system; and Sensors.
  • The defense electronics obsolescence industry has been segmented into Land, Naval, and Airborne.
  • The defense electronics obsolescence market is poised for significant growth, with North America projected to emerge as the region with the highest potential for expansion.
  • The major players in defense electronics obsolescence companies include Raytheon Technologies Corporation (US), BAE Systems (UK), L3Harris Technologies, Inc. (US), Thales (US) and Elbit Systems Ltd. (Israel).

Defense Electronics Obsolescence Market worth $3.7 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Wednesday, March 20, 2024
C4ISR, Statistics, Communication, Optics, Component, Growth, Control System, PLS, USB On-The-Go, Elbit Systems, Support, Electronics, Navigation, Sale, RF, Protection, Capability, Command, Raytheon Technologies, L3Harris Technologies, Sensor, Transmit (file transfer tool), Electronic warfare, Vetronics, HMDS, Avionics, BAE Systems, Arms industry

The defense electronics obsolescence market has been classified into communication system; navigation system; human machine interface; flight control system; targeting system; electronic warfare system; and Sensors.

Key Points: 
  • The defense electronics obsolescence market has been classified into communication system; navigation system; human machine interface; flight control system; targeting system; electronic warfare system; and Sensors.
  • The defense electronics obsolescence industry has been segmented into Land, Naval, and Airborne.
  • The defense electronics obsolescence market is poised for significant growth, with North America projected to emerge as the region with the highest potential for expansion.
  • The major players in defense electronics obsolescence companies include Raytheon Technologies Corporation (US), BAE Systems (UK), L3Harris Technologies, Inc. (US), Thales (US) and Elbit Systems Ltd. (Israel).

RTX names Phil Jasper as President, Raytheon

Retrieved on: 
Thursday, January 4, 2024
Growth, Avionics, RTX, Government, Management

ARLINGTON, Va., Jan. 4, 2024 /PRNewswire/ -- RTX (NYSE: RTX) today announced Phil Jasper has been appointed president of Raytheon and will report to President and Chief Operating Officer Christopher T. Calio.

Key Points: 
  • ARLINGTON, Va., Jan. 4, 2024 /PRNewswire/ -- RTX (NYSE: RTX) today announced Phil Jasper has been appointed president of Raytheon and will report to President and Chief Operating Officer Christopher T. Calio.
  • Jasper, a 31-year aerospace and defense veteran, succeeds Wesley D. Kremer who will retire from the company at the end of Q1 2024.
  • "Phil is a proven leader with significant depth of experience delivering defense solutions to the military customer," said Calio.
  • I am confident he will drive the newly restructured Raytheon business to accelerate performance to effectively meet customer commitments."

TJC Agrees to Acquire L3Harris’ Commercial Aviation Solutions Business

Retrieved on: 
Monday, November 27, 2023
Other Defense, Air, Transport, Professional Services, Aerospace, Manufacturing, Transportation, Asset Management, Defense, Travel, Human, Safety, NYSE, LLP, L3Harris Technologies, Commercial, Kirkland & Ellis, CAS, History, TJC, Partner, Sullivan & Cromwell, Oliver Cromwell, Avionics, Resolution Funding Corporation, Aircraft, Aviation, LHX, CTS, L3 Commercial Training Solutions, Airline

TJC, L.P. (“TJC”), announced today that an affiliate of the Resolute Fund VI, L.P. (“Resolute VI”) has entered into a definitive agreement with L3Harris Technologies (NYSE:LHX) to acquire its Commercial Aviation Solutions business (“CAS,” or the “Company”) for $700 million (“Cash Purchase Price,”) plus a contingent earnout payment of up to $100 million based on the Company’s Avionics business unit hitting performance targets in 2023 and 2024.

Key Points: 
  • TJC, L.P. (“TJC”), announced today that an affiliate of the Resolute Fund VI, L.P. (“Resolute VI”) has entered into a definitive agreement with L3Harris Technologies (NYSE:LHX) to acquire its Commercial Aviation Solutions business (“CAS,” or the “Company”) for $700 million (“Cash Purchase Price,”) plus a contingent earnout payment of up to $100 million based on the Company’s Avionics business unit hitting performance targets in 2023 and 2024.
  • The transaction is expected to close in the first half of 2024 and is subject to customary closing conditions and regulatory approvals.
  • CAS has two operating business units; the Avionics unit designs and manufactures mission critical, IP-driven avionics products, and the Commercial Training Solutions (“CTS”) unit provides an integrated suite of aircraft training solutions.
  • The business serves over 160 distinct aircraft platforms across commercial air transport, business and regional jet, and military end markets.

Drone Logistics and Transportation Market worth $16.1 billion by 2030 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Friday, December 15, 2023
Aircraft, Carbon, MRO, Maximum takeoff weight, Saab Training and Simulation, Congestion, Urbanization, Food, Government, SES Platform Services, Platform, Alphabet Inc., Automation, Rotorcraft, Aerostructure, Volocopter, Growth, College of Engineering (KNUST), Transport, Video game, Speciality chemicals, Battery, Software, Point, Application, Avionics, Zip line, Health care, Region, Agriculture

Based on the platform, the freight drone from the platform segment is estimated to lead the drone logistics and transportation market from 2023 to 2030.

Key Points: 
  • Based on the platform, the freight drone from the platform segment is estimated to lead the drone logistics and transportation market from 2023 to 2030.
  • The drone logistics and transportation market is experiencing a surge in demand for freight drones, propelled by several growth factors.
  • The hardware segment in the drone logistics and transportation market is projected to have the highest CAGR in the forecast period.
  • The hardware segment in the drone logistics and transportation market is experiencing robust growth driven by several key factors.

Drone Logistics and Transportation Market worth $16.1 billion by 2030 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Friday, December 15, 2023
Aircraft, Carbon, MRO, Maximum takeoff weight, Saab Training and Simulation, Congestion, Urbanization, Food, Government, SES Platform Services, Platform, Alphabet Inc., Automation, Rotorcraft, Aerostructure, Volocopter, Growth, College of Engineering (KNUST), Transport, Video game, Speciality chemicals, Battery, Software, Point, Application, Avionics, Zip line, Health care, Region, Agriculture

Based on the platform, the freight drone from the platform segment is estimated to lead the drone logistics and transportation market from 2023 to 2030.

Key Points: 
  • Based on the platform, the freight drone from the platform segment is estimated to lead the drone logistics and transportation market from 2023 to 2030.
  • The drone logistics and transportation market is experiencing a surge in demand for freight drones, propelled by several growth factors.
  • The hardware segment in the drone logistics and transportation market is projected to have the highest CAGR in the forecast period.
  • The hardware segment in the drone logistics and transportation market is experiencing robust growth driven by several key factors.

Military Satellite Payloads and Subsystems Market to increase by USD 2.91 billion during 2022-2027 | The increased seaborne security threats drive market growth - Technavio

Retrieved on: 
Thursday, November 30, 2023
Viasat (American company), Ball Corporation, Airbus, Navigation, Data link, Optics, Satellite navigation, Lockheed Martin, System, Honeywell, Nature, GNSS, USD, Avionics, Thales Group, Wholesale Applications Community, Communication, Raytheon Technologies, SpaceX, Free, Engineering, General Dynamics, Growth, Northrop Grumman, Mitsubishi Electric, Machine learning, YOY, L3Harris Technologies, Communications satellite, Geography

NEW YORK, Nov. 29, 2023 /PRNewswire/ -- The military satellite payloads and subsystems market size is expected to grow by USD 2.91 billion between 2022 and 2027.

Key Points: 
  • NEW YORK, Nov. 29, 2023 /PRNewswire/ -- The military satellite payloads and subsystems market size is expected to grow by USD 2.91 billion between 2022 and 2027.
  • However, the growth momentum of the market will progress at a CAGR of 7.97% during the forecast period.
  • The increased seaborne security threats drive market growth.
  • The report analyses the market size and growth and provides accurate predictions on the growth of the market.

Sustainable Aviation Fuel Market worth $16.8 billion by 2030 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Wednesday, November 29, 2023
Aircraft, Hydrogen, Aviation, Carbon, Agriculture, Aviation biofuel, Research, UAV, HAL/NAL Regional Transport Aircraft, TotalEnergies, Air taxi, Unmanned aerial vehicle, Investment, Advanced Air Mobility, Biofuel, Compressor, SAF, Commercial aviation, Transmitter power output, Row, OEM, Compound annual growth rate, Component, Battery, Rotorcraft, Fixed, Aerostructure, Growth, General aviation, Business, Sunlight, Permanent magnet motor, Renewable energy, Airline, Transport, Software, Avionics, Turbofan, Region, Turboshaft

The biofuel segment is poised to lead the sustainable aviation fuel market, driven by its eco-friendly nature, technological advancements, regulatory support, and increased investments.

Key Points: 
  • The biofuel segment is poised to lead the sustainable aviation fuel market, driven by its eco-friendly nature, technological advancements, regulatory support, and increased investments.
  • The biofuel segment in the sustainable aviation fuel (SAF) industry is anticipated to secure a larger market share due to several key factors.
  • The Middle East anticipates a higher SAF market CAGR, propelled by strategic investments in renewable energy and a commitment to sustainable aviation.
  • The Sustainable Aviation Fuel Companies includes major players Neste (Finland), World Energy (Ireland), Total Energies (France), LanzaTech (US), and Fulcrum BioEnergy (US), among others.

Sustainable Aviation Fuel Market worth $16.8 billion by 2030 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Wednesday, November 29, 2023
Aircraft, Hydrogen, Aviation, Carbon, Agriculture, Aviation biofuel, Research, UAV, HAL/NAL Regional Transport Aircraft, TotalEnergies, Air taxi, Unmanned aerial vehicle, Investment, Advanced Air Mobility, Biofuel, Compressor, SAF, Commercial aviation, Transmitter power output, Row, OEM, Compound annual growth rate, Component, Battery, Rotorcraft, Fixed, Aerostructure, Growth, General aviation, Business, Sunlight, Permanent magnet motor, Renewable energy, Airline, Transport, Software, Avionics, Turbofan, Region, Turboshaft

The biofuel segment is poised to lead the sustainable aviation fuel market, driven by its eco-friendly nature, technological advancements, regulatory support, and increased investments.

Key Points: 
  • The biofuel segment is poised to lead the sustainable aviation fuel market, driven by its eco-friendly nature, technological advancements, regulatory support, and increased investments.
  • The biofuel segment in the sustainable aviation fuel (SAF) industry is anticipated to secure a larger market share due to several key factors.
  • The Middle East anticipates a higher SAF market CAGR, propelled by strategic investments in renewable energy and a commitment to sustainable aviation.
  • The Sustainable Aviation Fuel Companies includes major players Neste (Finland), World Energy (Ireland), Total Energies (France), LanzaTech (US), and Fulcrum BioEnergy (US), among others.