EO market has future.
Forecast International has estimated that over $9.5 billion will be
spent on the development and production of key land and sea-based
electro-optical systems over the next ten years, with a rapid increase
of system production in the next few years to meet the demands of
currently deployed forces. Night vision technology continues to be a
major force in this market, with R & D funding for just four of the
current major development programmes totalling $ 674 million. The
forecast mentions that the Raytheon-produced AN/PAS-13 continues to
provide impressive sales figures. Recent sales to Canada, Jordan and the
United Arab Emirates have also contributed to recent production demands.
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