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Archives by date > 2011 > January > 31st

Rapid Fire 2011-02-01: Swedish Defense Market Flat

Jan 31, 2011 22:05 UTC

  • Swedish defense spending is expected to grow at an anemic 0.36% per year over the next 4 years, reaching $5.4 billion by 2015, according to iCD Research.

  • Strategy Analytics: US defense semiconductor sector is expected to post 6% compound annual average growth rate through 2015.

  • Up to $410 million to VSE to provide logistics support to US Army Reserve Command and the 63rd and 88th Regional Support Command under the GSA’s LOGWORLD contract vehicle.

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After Yeonpyeong, South Korea Buys More ARTHUR Radars

Jan 31, 2011 17:40 UTC

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ARTHUR

ARTHUR radar

Sweden’s Saab Group announced a SEK 450 million (WON 77.04 billion, $69 million) subcontract order from South Korea’s LIG Nex1, for more of its ARTHUR artillery tracing radars. South Korea first ordered Saab’s Arthur Mod C in 2007, and this is a follow-on order. Saab adds that “The main part of the production for this program will be done at LIG Nex1 under a localisation agreement between Saab and LIG.”

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