Technological Advances to Push Aircraft Upgrade Markets, Says Frost & Sullivan.Business Editors SAN ANTONIO--(BUSINESS WIRE)--Nov. 13, 2000 Governments have been forced to rethink their defense budgets following the Cold War. Militaries can no longer justify expensive, performance-driven weapons systems when no significant threat exists. However, technological advances are offering governments the opportunity to upgrade and modify their current military aircraft fleets without breaking the bank. New strategic market research from Frost & Sullivan (www.frost.com), "World Military Aircraft Upgrade and Modification Markets," reveals that this industry generated more than $6 billion in revenues in 1999. Frost & Sullivan projects that there will be sporadic growth over the next several years, creating $6.13 billion of revenue by 2006. New aircraft is still a top funding priority for many governments, but the surge in the upgrades market has been fueled by militaries outfitting their current fleets with the latest technological gear. This allows them to use older aircraft with new technology and more roles and capabilities, while they prepare for the deployment of the next generation of fighter, attack and transport aircraft. "Neglected fleets are finally receiving necessary upgrades," says Frost & Sullivan industry expert Brooks Lieske. "The delay of some new aircraft programs, regional tensions, technology advancements and the stabilization of downsizing efforts sparked the growth in this segment of the market." Manufacturers are rushing to fill the void by diversifying their product lines and bundling tailored solutions. For companies to become more competitive, they must partner with other participants to gain access to more markets. "Consolidation is a must to remain competitive in this era of smaller defense budgets," says Lieske. "Regional mergers make the world market more competitive. Large integrators are trying to get footholds in countries and regions where they limited exposure." "Maintaining a variety of product lines structured on a cost basis will help manufacturers successfully target militaries with small- and medium-sized aircraft upgrade budgets," says Lieske. Frost & Sullivan presents the 2000 Marketing Engineering Awards to companies that have worked hard to make a positive contribution to the world military aircraft upgrade and modification industry. The Competitive Strategy Leadership Award is presented to Israel Aircraft Industries. The Marketing Strategy Award goes to Rockwell Collins, a division of Rockwell International (NYSE NYSE See: New York Stock Exchange :ROK). BAE Systems (AMEX AMEX See: American Stock Exchange :BAE) receives the Merger and Acquisition Leadership Award. Companies that participated within this industry include: Advanced Technologies & Engineering Co. Ltd.; Aermacchi; Aerostar; Alenia Aerospazio; AIL AIL 1. Angiocentric immunoproliferative lesion 2. Angioimmunoblastic lymphadenopathy Systems; BAE Systems; Bell Helicopter Textron; BF Goodrich Company; Boeing Company; CASA Ca´sa n. 1. A house or mansion. I saw that Enriquez had made no attempt to modernize the old casa, and that even the garden was left in its lawless native luxuriance. - Bret Harte. ; Celsius Technology; Condor Systems; Cubic Corporation; DASA/EADS; Dassault; DRS Technologies; Elbit Systems Ltd.; Elisra Electronics Systems Ltd.; Ericsson; GE Aircraft Engines; GKN GKN Guest, Keen & Nettlefolds (British global engineering company) GKN Global Knowledge Network GKN Gemeenschappelijke Kernenergiecentrale Nederland GKN Global Korean Network GKN Iks Gorkon (Star Trek novel Series) Westland; Hellenic Aerospace Industry The Hellenic Aerospace Industry (HAI, Greek: Ελληνική Αεροπορική Βιομηχανία or ; Uindustan Aeronautics Ltd.; Honeywell; IAI IAI Infection And Immunity (journal) IAI International Alliance for Interoperability IAI Institut für Angewandte Informatik IAI Inter-American Institute for Global Change Research IAI International Association for Identification ; ITT ITT Initial Teacher Training (UK) ITT I Think That ITT Invitation To Tender ITT Individual Time Trial (professional cycling) ITT Intention-To-Treat ITT In This Thread (forums) Industries; Kaiser Electronics; Kawasaki Heavy Industry; L-3 Communications; Litton Advanced Systems; Lockheed Martin; Mitsubishi Heavy Industry; Northrup Grumman; Pratt & Whitney; Racal Avionics; Raytheon; Rockwell Collins; Rohdes & Schwarz; Rolls Royce; Saab; SABCA SABCA Société Anonyme Belge de Constructions Aéronautiques (Belgian aviation company) ; Sanders; Sikorsky; Singapore Technologies; Smith Industries; SNECMA SNECMA Société Nationale d'Etude et de Construction de Moteurs d'Aviation (France) ; Telephonics; Terma; Thomson-CSF (Detexis); Thomson-CSF (Sextant sextant, instrument for measuring the altitude of the sun or another celestial body; such measurements can then be used to determine the observer's geographical position or for other navigational, surveying, or astronomical applications. Avionique); Titan Corp.; TRW TRW The Real World (TV reality show) TRW The Right Way TRW Tactical Reconnaissance Wing TRW The Retriever Weekly (University of Maryland, Baltimore, MD) TRW Thompson Ramo Wooldridge Inc Inc.; Turbomeca, and Turkish Aerospace Industries. Frost & Sullivan, which is headquartered in San Jose, Calif., is a global leader in international strategic market consulting and training. Frost & Sullivan's industry experts monitor the defense industry for market trends, market measurements and strategies. This ongoing research is used to complement the Air Systems Custom Subscription, which includes studies on and the North American Commercial Remote Sensing Data End-User Markets the World Military Avionics Markets. Executive summaries and interviews are available to the press. Along with publishing in-depth strategic market consulting research, Frost & Sullivan also provides custom consulting needs to a variety of national and international companies. World Military Aircraft Upgrade and Modification Markets Report: 7431-22 Date: November 2000 |
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