US Expected to Maintain Large Portion of Military Electronics Spending
Published: 03 April 2017
by Mike Buetow
NEWTOWN, CT -- The US defense electronics market shows signs of strength and growth, despite a projected 27.2% drop in market value from 2017 to 2026, according to a new report.
Forecast International projects the defense electronics market will be worth at least $135.5 billion for the 2017-2026 period.
The forecast is based on reviews of more than 500 leading defense electronics programs. Based on the results of FI's modeling, the top five defense electronics companies in the 10-year period are projected to be Northrop Grumman, Lockheed Martin, Raytheon, Harris and BAE.
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