Consolidation: 3M is a diversified global manufacturer, technology innovator and marketer of a wide variety of products. All applicable subsidiaries are consolidated. All intercompany transactions are eliminated. As used herein, the term 3M or Company refers to 3M Company and subsidiaries unless the context indicates otherwise. Basis of presentation: Certain amounts in the prior years consolidated financial statements have been reclassified to conform to the current year presentation. As described in Note 19, effective in the first quarter of 2020, the Company changed its business segment reporting in its continuing effort to improve the alignment of businesses around markets and customers. Additionally, the Company consolidated the way it presents geographic area net sales by providing an aggregate Americas geographic region (combining former United States and Latin America and Canada areas). Also,
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Technavio has been monitoring the military heads-up display market and it is poised to grow by USD 2.18 billion during 2020-2024, progressing at a CAGR of almost 11% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Military Heads-up Display (HUD) Market 2020-2024 (Graphic: Business Wire)
Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on
Farmington elevator manufacturer Otis Worldwide Corp. saw its fourth-quarter profit rise 15% as its CEO projects sales growth up to 6.5% in 2021.
In a Monday morning call with shareholders, Otis CEO Judy Marks said the company s improved performance through the COVID-19 crisis shows its strength as an independent company. I m pleased we delivered a strong quarter in a challenging year, Marks said on an earnings call Monday. The foundation we ve grown this year as an independent company . gives us confidence.
Otis has operated as an independent spinoff of the former United Technologies Corp. since last spring. UTC merged with defense contractor Raytheon to form Raytheon Technologies Corp.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Military Heads-up Display Market to Accelerate at a CAGR of Almost 11% During 2020-2024 | Technavio
February 4, 2021 GMT
Technavio has announced its latest market research report titled Global Military Heads-up Display (HUD) Market 2020-2024 (Graphic: Business Wire)
Technavio has announced its latest market research report titled Global Military Heads-up Display (HUD) Market 2020-2024 (Graphic: Business Wire)
LONDON (BUSINESS WIRE) Feb 3, 2021
Technavio has been monitoring the military heads-up display market and it is poised to grow by USD 2.18 billion during 2020-2024, progressing at a CAGR of almost 11% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
DEFENSE DEPARTMENT
2/2/2021
iStock illustration
This is part two of a five-part special report on the health of the U.S. defense industrial base.
The National Defense Industrial Association’s second annual Vital Signs report on the health of the U.S. defense industrial base was released Feb. 2. To download a copy, please click HERE.
The defense industry could be on the cusp of further consolidation as contractors look to bolster their business portfolios and access to innovation through mergers and acquisitions, analysts say.
M&A has been a long-term trend since the end of the Cold War and the 1993 “Last Supper” when then-Deputy Defense Secretary William Perry encouraged consolidation among contractors to achieve efficiencies in an era of significantly reduced military expenditures.