Although surface-to-air missiles (SAMs) have not much been used in active combat in recent years, their production is still anticipated to be worth some $28 billion to manufacturers worldwide over the next 10 years.
“MBDA, Lockheed Martin and Raytheon will dominate this market,” said Larry Dickerson, Senior Missile Analyst for Forecast International. The three companies will earn a combined $11.4 billion in SAM sales during the 2009-2018 period.
“Raytheon`s revenues will come from supplying missiles to navies worldwide, while Lockheed Martin`s earnings will be generated by meeting land-based needs,” Dickerson said.
He added, “These companies will earn $5.2 billion and $2.8 billion, respectively. MBDA`s sales of $2.8 billion will fit between these two market segments.” These three companies will build over 23,000 of the more than 80,000 missiles forecast for production through 2018.
With respect to production in
Dickerson added with regard to
Of growing importance is a system`s ability to engage cruise and ballistic missiles.
Pic: The Denel Dynamics Umkhonto (spear) short-range air defence system. Currently in service with the South African and Finnish navies, a land-based version is under development for the SA Army.