The Ultimate Guide for Antenna, Mast and Tower Suppliers
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by VMS Engage – Buying Guide
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Tristan Sauer, Ground Analyst at GlobalData Aerospace, Defense and Security, a leading data and analytics company, offers his view:
“Despite the relative success of Ukrainian forces in countering Russian air assets with the Stinger system, the growing threat of high-intensity engagement with peer-level enemies has increased pressure within the US Army to develop a new one that will eventually replace this iconic weapons platform. Indeed, the Army’s stockpile of over 20,000 Stinger – Reprogrammable Microprocessor (RMP) variants will reach end of life cycle in FY2023, Stinger Block I variants are currently undergoing a service life extension process to ensure the Army retains some of its portable features . M-SHORAD Inc. 3 air defense capabilities before entering service.” GlobalData’s report on ‘Global Missiles and Missile Defense Systems Market 2021-2031’ highlights the continued growth of the MMDS market, which is expected to reach a value of $52.3 billion by 2031, currently growing at a CAGR of 3.51%. North America is expected to grow from $9.1 billion to $15.3 billion by 2031, surpassing the Asia-Pacific region in terms of market share over the next decade.
Sauer states: “The US Army has set a relatively optimistic timeline for the development and deployment of the new system, requesting $1.5 million from the FY2022 budget in anticipation of an initial contract award in Q2 FY2023. Current plans envision the first technology demonstrations taking place in FY2023, with live fire testing expected in FY2026 and an initial production order of 10,000 systems by FY2027.
US defense officials will meet with senior executives from eight of the top US defense contractors later today to discuss the industry’s capacity to accelerate the development and production of new systems in light of the ongoing Foreign Military Assistance program in Ukraine. Defense officials are likely to try to slow the ongoing production of aging Stingers that will be shipped to Ukraine to develop the new system to meet the Army’s urgent needs for modernized equipment.”