AUSA 2022 ANNUAL MEETING & EXPOSITION -- Washington, D.C. Critical-component maker ITT is showcasing several of its products -- from Cannon, Enidine, and KONI -- that are designed to withstand the harshest environments. 

VIENNA, Austria. Schiebel has won a search and rescue contract in Spain that includes the development and delivery of an unmanned aerial system (UAS) and the integration of sensors, the company announced in a statement.

LONDON, United Kingdom. Babcock International Group won a contract to provide support to a maritime communications electronic support measures (CESM) capability for the UK Royal Navy's Type 23 frigates, the company announced in a statement.

DENVER, Colorado. Palantir Technologies has won an $85.1 million contract to provide U.S. Army Materiel Command (AMC) with support for its prognostic and predictive maintenance and supply chain optimization efforts, the company announced in a statement.

ARLINGTON, Virginia. STEMBoard will manage U.S. nuclear stockpile data on behalf of the Defense Threat Reduction Agency (DTRA) nuclear enterprise under a new contract, the company announced in a statement.

SAN DEIGO, California. ZMicro will provide rugged computing solutions for AT-802U Sky Warden planes on behalf of manufacturer L3Harris for the U.S. Special Operations Command's Armed Overwatch program, ZMicro announced in a statement.

NEW YORK, New York. A new report predicts that the drone flight management system market will grow by $15 billion between 2021 and 2026 for a compound annual growth rate (CAGR) of 29.92%.

CANBERRA, Australia. Austal Australia will use a decommissioned Armidale-class patrol boat for the test and evaluation of autonomous and remotely operated systems, the company announced in a statement.

HALIFAX, Canada. Global Spatial Technology Solutions has won a contract to provide advanced artificial intelligence-based services to predict and optimize the availability of military systems under Canada's Innovation for Defence Excellence and Security (IDEaS) program, the company announced in a statement.

HUNTSVILLE, Alabama. Collins Aerospace is entering into a cooperative research and development agreement with the U.S. Army to develop best practices for developing processors for future vertical lift (FVL) platforms via Modular Open System Approaches (MOSA), the company announced in a statement.

MELBOURNE, Fla. L3Harris Technologies will purchase Viasat’s tactical data link (TDL) business for roughly $1.96 billion, a move L3 Harris officials say enables the company to expand resilient communication and networking capabilities to a larger user base across multiple domains.

As defense budgets swell among Western governments while the war in Ukraine rages on, major defense contractors are seeing profits surge, with two of them just announcing increases in their dividends.

AMSTERDAM. The military avionics industry is projected to register a combined annual growth rate (CAGR) of 4.99% between 2022 and 2030, with mission systems anticipated to account for one of the largest shares of expenditure globally, according to a new market study from Market Forecast, "Military Avionics -- Market and Technology Forecast to 2030."

WESTBOROUGH, Mass. High-resolution display maker Kopin Corporation has received an initial $3 million production order for a new weapon sight module.

ARLINGTON, Virginia. The U.S. Department of Defense has announced a $1.1 billion package in additional security assistance for Ukraine that includes funding for UAS radars, comms and surveillance systems, and more.