ZHONGSHAN, China /PRNewswire/ —
World‘s first Additive / Subtractive manufacturing service launched
A China-based, British-owned rapid manufacturer has launched AddSub Manufacturing – a process that combines metal 3D printing and 5-axis CNC machining to quickly deliver complex, low-volume components that would previously have required the input of two separate bureaus.
STAR Prototype, which is based in Guandong Province, developed the service after it identified a significant demand for a one-stop-shop for such components.
Gordon Styles, president of STAR, said: “Most metal 3D printed parts are not used as prototypes, but as complex low-volume manufactured components, and many of these parts need certain high-precision features that are virtually impossible to produce with 3D printing alone.”
“The problems arise because most 3D printing companies don’t carry out secondary machining, meaning the customer needs to take care of the work themselves or farm it out to a specialist machining bureau.”
STAR has removed this time-consuming and often error-strewn leg from the manufacturing process with the development of AddSub Manufacturing. The groundbreaking system allows parts to be transferred directly from its 3D printing machines onto its CNC machines without having to be removed from the build plate – a development that also resolves the troublesome issue of subcontractors getting to grips with 3D printed parts.
“STAR is world-renowned for its CNC machining capabilities and forward thinking approach to adopting new technology and improving customer service provision,” continued Gordon. “AddSub was very much born out of a combination of the two and we are confident it will prove of enormous benefit to businesses across the globe.”
STAR sees the Subtractive CNC element of AddSub as being ideal for mating faces, precision bores, tapped holes, spigots and other very necessary high-precision features, and feels AddSub is likely to be of particular use to the motor-sport, aerospace, military, medical and dental fields.
For further information on AddSub Manufacturing and Star Prototype visit http://www.star-prototype.com or call +86-760-2222-2556.
Visit http://www.youtube.com/watch?v=npQHM81w7Ws to see AddSub Manufacturing explained by STAR president, Gordon Styles.
Daniel Kennedy at Source Marketing
Gordon Styles at STAR Prototype
NEW YORK /PRNewswire/ — AlixPartners, the global advisory firm, announced today that Simon Freakley has been appointed Co-CEO alongside the current CEO Fred Crawford. They will work together in this role until 1 January 2016 at which time Simon Freakley will become sole CEO of AlixPartners. Fred Crawford will take on a new role within the firm and remain a member of the Board.
Simon Freakley joined the firm as a Managing Director in February 2015 when AlixPartners acquired Zolfo Cooper Europe, where Simon had been CEO for seven years. Zolfo Cooper Europe was a leading independent provider of advisory and restructuring services. Previously he had been Global CEO of Kroll Inc, based in New York, from 2004-2008.
Fred Crawford, Current CEO, announced, “I am delighted that we are appointing Simon, initially as my partner in this role, and shortly to lead the firm. I have been CEO for eight of the 11 years that I have been with the firm and, from a personal perspective, now is the right time for me to pass on the leadership baton while continuing to serve my colleagues and our clients as an active Managing Director and member of the Board. AlixPartners is a very special place to be and I have a deep belief and commitment to the work that we do and the way our people deliver it.
“I got to know Simon well through the process to acquire Zolfo Cooper Europe and since he joined the firm I have been impressed by his strategic thinking, operational insight, and empathic approach to building relationships. I look forward to working closely with him during these next few months and have no doubt that he will be a highly effective leader of our business.”
Simon Freakley said, “I am delighted and honored to take on this role. I had long admired AlixPartners before our firms came together, and since joining I have been struck by the depth of capability, ambition, and client commitment that exists throughout the firm.
“Fred has been an outstanding CEO and this will be a great opportunity to work even more closely with him during our transitional period and beyond. AlixPartners is an extraordinary firm with a bright future and I look forward to what our people and our clients will be able to achieve as we create the next chapter together.”
Chris Stadler, Managing Partner at CVC Capital Partners commented, “On behalf of the AlixPartners’ Board, I would like to thank Fred for all that he has done as CEO and commend him for the growth and success which the firm has enjoyed under his leadership. We believe that we have chosen an outstanding executive in Simon to succeed him and we look forward to supporting him during this period of transition and in his new role.”
Notes to Editors;
- Since 2015, Managing Director of AlixPartners, EMEA Business Unit Leader, London-based
- 30 years leadership experience: business turnaround, strategic consulting, and mediation in the development and implementation of business recovery strategies in large and high-profile turnaround cases, acting as chief restructuring officer and stakeholder management.
- Previous CEO roles: CEO Zolfo Cooper Europe (London, 2008-2015); Global CEO of Kroll Inc (New York, 2004-2008) 65 offices in 33 countries generating an annual turnover of $1 billion
- Currently chief restructuring officer of Stemcor, the world’s largest global independent steel trader, whose turnover exceeds GBP5 billion and which has a network of offices in 45 countries. The engagement involves the development and implementation of a financial and operational restructuring of the group.
- Chief restructuring officer of hibu plc (formerly, Yell), a UK listed international provider of print and digital directory services, supporting management in the negotiation and restructuring of its indebtedness of GBP2.2 billion.
- Chief restructuring officer of Bank SNORAS, Lithuania’s largest national bank, by overseeing stabilization of the bank’s liquidity position and managing day-to-day operations while providing sufficient breathing space to undertake analysis of the financial situation and the development of restructuring options, including recapitalization, balance sheet reconstitution, and insolvency.
- Lead advisor to the board of a leading global tier 2 automotive parts manufacturer in the company’s financial restructuring of $180 million in debt. The work involved negotiation of a debt restructuring and the development of a reorganization plan with the company’s lenders.
- Lead administrator to the Federal-Mogul Company in one of the largest cross-border restructuring proceedings in history. The Federal-Mogul company consists of 135 UK companies and is a leading global manufacturer of automotive parts, operating primarily in the United States and Europe.
- Current: Chairman Dulwich Picture Gallery, Grange Park Opera and London Music Masters
- Past: Board member of New York City Ballet, English National Ballet, Folger Shakespeare Library inWashington D.C.
AlixPartners is a leading global business advisory firm of results-oriented professionals who specialize in creating value and restoring performance at every stage of the business lifecycle. AlixPartners people thrive on the ability to make a difference in high-impact situations and deliver sustainable, bottom-line results. The firm’s expertise covers a wide range of businesses and industries whether they are healthy, challenged, or distressed. Since 1981, the business has taken a unique, small-team, action-oriented approach to helping corporate boards and management, law firms, investment banks and investors respond to critical business issues. For more information, visit http://www.alixpartners.com.
Waterfall Security’s Unidirectional Security Gateways Deployed to Safeguard Leading Asia-Pacific Power Distribution Company
NEW YORK /PRNewswire/ — Waterfall Security Solutions (Waterfall Security) announced today the successful deployment of Waterfall’s stronger-than-firewalls Unidirectional Security Gateways at a leading energy distributor in the Asia-Pacific region, together with Power Automation (PA), Singapore. Waterfall Security is the leading provider of Unidirectional Security Gateways for industrial control networks and critical industrial infrastructures. PA is a leading systems integrator and turnkey vendor, providing innovative solutions for Power System Control and Substation Automation systems.
PA deployed Waterfall’s Unidirectional Security Gateways at a large power distribution company in the region, following on from high security concerns surrounding the exposure of control system networks to attacks from the Internet and from within the enterprise network, in what’s usually addressed as an ‘insider threat’.
PA installed Waterfall’s Unidirectional Security Gateways to provide safe and reliable integration between its IT and OT environments. Waterfall’s unique support for OPC-UA was utilized to facilitate unidirectional data transfer from Siemens’ Distribution Management System (DMS), supplied by PA, to the enterprise network. The Waterfall for OPC-UA solution provides the customer with real-time access to live data, without any risk of network attacks from its enterprise networks or the Internet.
“The installation has greatly improved our customer’s business operations. Not only is the control system now safer and more secure, business processes that were once cumbersome and time-consuming are now real-time and automated.” Gary Ang, Project Manager, Power Automation.
- Articles, white papers and webinars: http://www.waterfall-security.ca/resources/
- Twitter: https://twitter.com/WaterfallSecure
- Facebook: https://www.facebook.com/pages/Waterfall-Security-Solutions/454902081249354
- LinkedIn: http://www.linkedin.com/company/waterfall-security-solutions-ltd
About Waterfall Security Solutions
Waterfall Security Solutions Ltd. is the leading provider of stronger-than-firewalls solutions for industrial control networks and critical infrastructures. The company’s products are deployed in utilities and critical national infrastructures throughout North America, Europe, Asia and Israel. Waterfall’s technologies reduce the cost and complexity of compliance with NERC-CIP, NRC, NIST, CFATS and other regulations, and include support for leading industrial applications, including the OSIsoft PI™ Historian, the GE Proficy™ iHistorian, Siemens SIMATIC™/Spectrum™ solutions and GE OSM™ remote monitoring platforms, as well as OPC, Modbus, DNP3, ICCP and other industrial protocols. Frost & Sullivan describes Waterfall’s solutions as ensuring “optimum security for networks across user verticals,” and awarded Waterfall the 2012 Network Security Award for Industrial Control Systems Entrepreneurial Company of the Year, the 2013 North America Award for Customer Value Enhancement and the 2014 Global Award for New Product Innovation Leadership. For more information, visithttp://www.waterfall-security.com.
Power Automation (PA), a joint venture company between Singapore Power and Siemens was formed in June 1996 to pursue dynamic opportunities in power system control and substation automation markets in South East Asia.
With its team of experienced, expert end-users and highly skilled technical staff, PA has a unique ability to understand, recognize and respond to both the operational and business needs of electric utilities in South East Asia. Backed by the Siemens global research organization, PA is well positioned to market, develop, implement and deliver innovative solutions for power system control and substation automation systems.
For more information, visit http://www.pa.com.sg
For more information, contact:
Almaty 2022 Bid Vice Chairman: “Thank you for Allowing us the Opportunity to Showcase our Country to the World” Almaty 2022 Offers Congratulations to Beijing 2022
KUALA LUMPUR, Malaysia and ALMATY, Kazakhstan /PRNewswire/ — Almaty 2022 Vice Chairman, Mr Andrey Kryukov, today expressed his pride in the hard work that the Almaty 2022 Bid Committee accomplished during its two-year campaign for the 2022 Olympic Winter Games.
Mr Kryukov thanked the members of the International Olympic Committee and their friends in the International Federations and corporate sponsors for their encouragement, guidance and support throughout the bidding process.
Following the election of Beijing as the Host City of the 2022 Games, Mr Kryukov said:
«We extend our congratulations to Beijing on their successful bid for the 2022 Olympic Winter Games. China has played a significant role in the development of sport in Asia and we know that they will deliver a great Games».
«While we are disappointed, we are also grateful to the IOC for giving us the opportunity to present our vision to the world. We prepared for many years to deliver our robust and unique bid, and learned a great deal from the entire process».
«I am extremely proud of the hard work accomplished by our team, and I have no doubt that after seeing and hearing about our real venues, beautiful mountains, diverse culture and vibrant, cosmopolitan city the entire world now knows exactly what we mean by ‘Keeping it Real’».
«Consistent with our long-term winter sports develop plan, we will continue to develop our city into a winter sports hub for all of Central Asia. Our region will continue to benefit from our city’s abundance of winter sports venues and we remain committed to bringing major events to our city. Sport is a key element of our country’s long-term strategy and we will continue to encourage our young people to participate in sport».
«I would also like to take this opportunity to thank the all the members of the Almaty 2022 team and people ofKazakhstan for their inspiring passion, enthusiasm and constant support. Without them we would not have been able to take our bid all the way to the final stage of the bidding process».
«By bidding for the Winter Games we showed the world the amazing progress that Kazakhstan has made since its independence. This alone is a major victory for our country».
Follow @RealAlmaty2022 on
AUDI AG, BMW Group and Daimler AG Agree With Nokia Corporation on Joint Acquisition of HERE Digital Mapping Business
INGOLSTADT, MUNICH and STUTTGART, Germany /PRNewswire/ —
- Acquisition will secure and strengthen HERE as an independent company serving customers from allindustries
- Real-time maps and location based services will be the basis for the mobility of tomorrow
- Transaction expected to close in first quarter 2016
AUDI AG, the BMW Group and Daimler AG have agreed with Nokia Corporation that they will acquire its mapping and location services business HERE. The acquisition is intended to secure the long term availability of HERE’s products and services as an open, independent and value creating platform for cloud-based maps and other mobility services accessible to all customers from the automotive industry and other sectors. The three partners will each hold an equal stake in HERE; none of them seeks to acquire a majority interest. Subject to the approval of the relevant antitrust authorities, the transaction is expected to close in the first quarter of 2016.
HERE is laying the foundations for the next generation of mobility and location based services. For the automotive industry this is the basis for new assistance systems and ultimately fully autonomous driving. Extremely precise digital maps will be used in combination with real-time vehicle data in order to increase road safety and to facilitate innovative new products and services. On the basis of the shared raw data, all automobile manufacturers can offer their customers differentiated and brand-specific services.
“Our environment is constantly changing. That’s why the information in digital maps has to be continually updated so that maximum utility can be offered,” stated Rupert Stadler, Chairman of the Board of Management of AUDI AG. The high-precision cameras and sensors installed in modern cars are the digital eyes for updating mobility data and maps; in this way, information such as speed limits or critical driving situations are already recognized today. All data gained will be processed in compliance with strict data-protection rules.
“HERE will play a key role in the digital revolution of mobility, combining high definition maps and data from vehicles to make travel safer and easier for everyone,” explained Harald Kruger, Chairman of the Board of Management of BMW AG.
This knowledge will be to the benefit of all carmakers and their customers. “High-precision digital maps are a crucial component of the mobility of the future. With the joint acquisition of HERE, we want to secure the independence of this central service for all vehicle manufacturers, suppliers and customers in other industries,” stated Dieter Zetsche, Chairman of the Board of Management of Daimler AG.
Swarm intelligence will create new information density for road maps
“HERE will be able to offer users a continuously improving product, bringing highly automated driving and location based services a step further. As the volume of anonymized data from the vehicles increases, services will become more convenient, more connected and further tailored to the users’ individual requirements,” said Ulrich Hackenberg, Member of the Board of Management of AUDI AG for Technical Development, Klaus Frohlich, Member of the Board of Management of BMW AG for Development, and Thomas Weber, Member of the Board of Management of Daimler AG for Group Research. It is the explicit intention that all HERE customers are to benefit from this continuous optimization.
The social benefits of swarm intelligence are enormous: They facilitate warnings of hazards in real time, of icy roads for example, based on calculations of individual data such as ABS activations and outside temperature. Upcoming traffic jams will be identified more precisely in the future, significantly reducing the risk of accidents. In this way, the vision of accident-free driving is gradually becoming reality. In a further stage, the data could be used to learn about critical bends on the road, in order to warn drivers in good time or to activate assistance systems. Anticipation of green phases of stoplights could navigate vehicles through an urban area on a “green wave” with the appropriate engine performance and minimized fuel consumption.
High-precision maps are important for autonomous driving and many other forms of assistance systems, as these technologies require an up-to-date plan of a vehicle’s surroundings exact to the nearest centimeter, in order to react in real time. While HERE already produces extremely precise static maps, they can be verified more exactly and continually updated with a constant flow of data from vehicles’ surroundings.
HERE will continue to offer its services and products across industries
HERE provides mapping and location intelligence for nearly 200 countries in more than 50 languages and is one of the main providers of mapping and location services. The company will continue to develop its position as a strong and independent provider of maps and location-based services, will expand its product offering and continue to make it available to all customers across industries.
The management of HERE will continue to be independent – with the goal of moving the HERE business case forward as a platform, open to all customers. The consortium will not interfere into operational business.
In 2014, the Audi Group delivered approximately 1,741,100 cars of the Audi brand to its customers. The company achieved revenue of EUR53.8 billion and an operating profit of EUR5.15 billion in 2014. Audi operates globally in more than 100 markets and has production facilities in Ingolstadt and Neckarsulm (Germany), Gyor (Hungary),Brussels (Belgium), Bratislava (Slovakia), Martorell (Spain), Kaluga (Russia), Aurangabad (India), Changchunand Foshan (China) as well as Jakarta (Indonesia). The brand with the Four Rings will start producing cars in Curitiba (Brazil) this year and in San Jose Chiapa (Mexico) in 2016. Wholly owned subsidiaries of AUDI AGinclude quattro GmbH (Neckarsulm), Automobili Lamborghini S.p.A. (Sant’Agata Bolognese, Italy) and sports motorcycle manufacturer Ducati Motor Holding S.p.A. (Bologna, Italy). The company currently employs approximately 80,000 people worldwide, thereof around 58,000 in Germany. Total investment of about EUR24 billion is planned from 2015 to 2019 – primarily in new products and sustainable technologies. Audi is committed to its corporate responsibility and has anchored the principle of sustainability for its products and processes in its strategy. The long term goal is CO2 neutral mobility.
With its three brands BMW, MINI and Rolls-Royce, the BMW Group is the world’s leading premium manufacturer of automobiles and motorcycles and also provides premium financial and mobility services. As a global company, the BMW Group operates 30 production and assembly facilities in 14 countries and has a global sales network in more than 140 countries.
In 2014, the BMW Group sold approximately 2.118 million cars and 123,000 motorcycles worldwide. The profit before tax for the financial year 2014 was approximately EUR 8.71 billion on revenues amounting to EUR 80.40 billion. As of 31 December 2014, the BMW Group had a workforce of 116,324 employees.
The success of the BMW Group has always been based on long-term thinking and responsible action. The company has therefore established ecological and social sustainability throughout the value chain, comprehensive product responsibility and a clear commitment to conserving resources as an integral part of its strategy. It also will shape the digital revolution of the car industry actively.
Daimler AG is one of the world’s most successful automotive companies. With its divisions Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler Buses and Daimler Financial Services, the Daimler Group is one of the biggest producers of premium cars and the world’s biggest manufacturer of commercial vehicles with a global reach. Daimler Financial Services provides financing, leasing, fleet management, insurance, financial investments, credit cards, and innovative mobility services.
The company’s founders, Gottlieb Daimler and Carl Benz, made history with the invention of the automobile in the year 1886. As a pioneer of automotive engineering, Daimler continues to shape the future of mobility today:
The Group’s focus is on innovative and green technologies as well as on safe and superior automobiles that appeal and fascinate. Daimler consequently invests in the development of alternative drive trains with the long-term goal of emission-free driving: from hybrid vehicles to electric vehicles powered by battery or fuel cell. Furthermore, the company follows a consistent path towards accident-free driving and intelligent connectivity all the way to autonomous driving. This is just one example of how Daimler willingly accepts the challenge of meeting its responsibility towards society and the environment.
Daimler sells its vehicles and services in nearly all the countries of the world and has production facilities inEurope, North and South America, Asia, and Africa. Its current brand portfolio includes, in addition to the world’s most valuable premium automotive brand, Mercedes-Benz, as well as Mercedes-AMG and Mercedes-Maybach, the brands smart, Freightliner, Western Star, BharatBenz, FUSO, Setra and Thomas Built Buses, and Daimler Financial Services’ brands: Mercedes-Benz Bank, Mercedes-Benz Financial, Daimler Truck Financial, moovel and car2go. The company is listed on the stock exchanges of Frankfurt and Stuttgart (stock exchange symbol DAI). In 2014, the Group sold more than 2.5 million vehicles and employed a workforce of 279,972 people; revenue totaled EUR129.9 billion and EBIT amounted to EUR10.8 billion.
This document contains forward-looking statements that reflect our current views about future events. The words “anticipate,” “assume,” “believe,” “estimate,” “expect,” “intend,” “may,” “can,” “could,” “plan,” “project,” “should” and similar expressions are used to identify forward-looking statements. These statements are subject to many risks and uncertainties, including an adverse development of global economic conditions, in particular a decline of demand in our most important markets; a worsening of the sovereign-debt crisis and increasing uncertainty in the euro zone; an increase in political tension in Eastern Europe; a deterioration of our refinancing possibilities on the credit and financial markets; events of force majeure including natural disasters, acts of terrorism, political unrest, industrial accidents and their effects on our sales, purchasing, production or financial services activities; changes in currency exchange rates; a shift in consumer preferences towards smaller, lower-margin vehicles; a possible lack of acceptance of our products or services which limits our ability to achieve prices and adequately utilize our production capacities; price increases for fuel or raw materials; disruption of production due to shortages of materials, labor strikes or supplier insolvencies; a decline in resale prices of used vehicles; the effective implementation of cost-reduction and efficiency-optimization measures; the business outlook for companies in which we hold a significant equity interest; the successful implementation of strategic cooperations and joint ventures; changes in laws, regulations and government policies, particularly those relating to vehicle emissions, fuel economy and safety; the resolution of pending government investigations and the conclusion of pending or threatened future legal proceedings; and other risks and uncertainties, some of which we describe under the heading “Risk and Opportunity Report” in the current Annual Report. If any of these risks and uncertainties materializes or if the assumptions underlying any of our forward-looking statements prove to be incorrect, the actual results may be materially different from those we express or imply by such statements. We do not intend or assume any obligation to update these forward-looking statements since they are based solely on the circumstances at the date of publication.
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ST. LOUIS /PRNewswire/ — Exegy, Inc., a leading provider of managed services and technology for market data normalization and distribution, has announced today a new product that allows Exegy hardware-accelerated appliances to interoperate with multiple third-party data entitlement and usage reporting tools such as Thomson Reuters DACS. “Market participants employ our hardware-accelerated appliances and managed services in order to build a market data infrastructure with higher capacity, lower latency, more efficient scalability, and lower total cost. The Exegy Entitlement Hub now allows these firms to retain their data entitlement and usage reporting regime to minimize migration risk, effort, and cost,” says chief technology officer David Taylor.
Deployed as a fully managed appliance, the Exegy Entitlement Hub allows multiple Exegy hardware-accelerated market data appliances to simultaneously interface to multiple third-party entitlement management systems. This minimizes data usage fees and access liabilities by allowing firms to entitle, track, and report data usage to multiple data vendors using well-vetted tools and reports. When Exegy Entitlement Hub appliances are deployed for each regional entitlement system, the integrated solution allows entitlements to be controlled and monitored by region, by department, by group or by application. This level of flexibility provides for centralized management of global data entitlements across co-location, proximity, and corporate data centers. In turn, this allows firms to enforce a consistent data management and reporting regime which lowers risk and increases effectiveness in managing costs.
The Exegy Entitlement Hub has been developed in close partnership with existing Exegy customers. An extensive pilot program was completed with a major sell-side bank in the first quarter of 2015. Exegy is now preparing production deployments of Entitlement Hub appliances for sell-side and buy-side firms with deployments of Exegy hardware-accelerated appliances in North America, Europe, and Asia Pacific. “The Exegy Entitlement Hub is a logical extension of our rapid growth in supporting diverse, global, multi-asset market data enterprises,” says chief executive officer James O’Donnell. “It is also a reflection of our commitment to be an effective partner in improving performance and reducing total costs, while also minimizing migration risk and effort,” adds O’Donnell.
About Exegy, Inc.
Exegy provides best-of-breed technology and managed services for the normalization and distribution of real-time market data to a diverse set of elite firms in the financial services industry. Today Exegy serves as a strategic partner to leading exchanges, market makers, sell-side banks, buy-side asset managers, and proprietary traders. At the heart of Exegy’s product line are purpose-built, hardware-accelerated appliances derived from an extensive portfolio of patented and patent-pending technology. For more information, please visitwww.exegy.com and follow Exegy on LinkedIn and Twitter @ExegyMarketData.
BOSTON /PRNewswire/ — Reversing a trend which saw global defense budgets remain essentially flat year-on-year across 2012-2013, defense spending experienced a sharp increase in 2014 as a result of a changing geopolitical threat environment based on both state and non-state activity and other factors. The Strategy Analytics Advanced Defense Systems (ADS) service report, “Global Defense Spending Outlook 2014-2024,” Strategy Analytics forecasts that global defense spending will increase 2 percent year-on-year in 2015 and will grow at a CAGR of almost 3 percent to reach $2.4 trillion in 2024.
Click here for the report details: http://bit.ly/1K0Wedq
A range of factors will drive spending but there are a number of common drivers that recur within and across the different regions which we believe will underpin future spending on defense including:
- Combatting the expansion of ISIL (ISIS, IS) and other asymmetric threats
- Contesting the ambitions of a resurgent Russia.
- Maintaining spending levels in line with NATO and other coalition commitments.
- Maritime and border protection.
- Developing effective strategies to counter China.
“While the North American defense budget will represent the largest spend, the rate of growth will be hampered by the continuing impact of sequestration despite being offset by discretionary supplementary spending in the medium- and long-term,” predicts Asif Anwar, Director of the ADS service. “On the other hand, we forecast defense spending will continue to accelerate in the Asia-Pacific region, growing at the fastest CAGR globally of 5.6 percent and surpassing North American spend levels by 2020.”
“This year’s analysis expanded coverage to eighty-nine countries, looking at a range of factors including GDP growth, threat perception and political intent on force modernization and indigenization of the local defense industry over the short-, medium- and long-term,” noted Eric Higham, North American Director for ADS. “We’ve also segmented the spending to focus on procurement and support contract expenditure providing the defense spending outlook that is available to the industry through contracts for platforms, systems, subsystems and enabling technologies. We forecast this available market will grow to $767.2 billion by 2024.”
About Strategy Analytics
Strategy Analytics, Inc. provides the competitive edge with advisory services, consulting and actionable market intelligence for emerging technology, mobile and wireless, digital consumer and automotive electronics companies. With offices in North America, Europe and Asia, Strategy Analytics delivers insights for enterprise success. www.StrategyAnalytics.com