Underpinning their commitment to supplying the government and national security communities with assured open-source intelligence solutions, Janes announced today the formation of its National Security Advisory Board
Spintech Holdings Inc. and its fabrication division Hawthorn Composites are using demonstrator components like this subscale tactical UAV wing to test and validate the use of infusion and preform technologies for more cost-effective aerospace and defense components. Photo Credit, all images: Spintech Holdings Inc.
Prepreg and autoclave cure have been the state of the art for aerospace and defense composite components for many years. Spintech Holdings Inc. (Xenia, Ohio, U.S.) and its fabrication division Hawthorn Composites (Xenia) are seeking to demonstrate that more cost-effective, less labor-intensive aerocomposite parts can be manufactured through the use of existing technologies such as resin infusion and braided dry fiber preforms in new ways.
by Component (Hardware and Software) and End User (Defense & Security, Civil Aviation, Education, Entertainment, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027. According to the report, the global virtual training and simulation industry generated $204.41 billion in 2019, and is estimated to reach $601.85 billion by 2027, registering a CAGR of 13.7% from 2020 to 2027.
Prime determinants of growth:
Increase in awareness about virtual training and simulation, cost-effective benefits of virtual training and simulation solutions, and rise in defense, healthcare, and education expenditure drive the growth of the global virtual training and simulation market. However, resistance to adopt the virtual training and simulation technology restrains the market growth. On the other hand, advancements in technology and scope for improvements in other industries would create new opportunities in the coming years.
Virtual Training Market: Study Navigating the Future Growth Outlook with CAE, L-3 Link Simulation & Training, Cubic
iCrowd Newswire
The
Virtual Training Market has witnessed continuous growth in the past few years and is projected to grow even further during the forecast period (2019-2027). The assessment provides a 360° view and insights, outlining the key outcomes of the industry. These insights help the business decision-makers to formulate better business plans and make informed decisions for improved profitability. In addition, the study helps venture or private players in understanding the companies more precisely to make better informed decisions.
Major Players are:
CAE Inc. (Canada), L-3 Link Simulation & Training (United Kingdom), Cubic Corporation (United States), ON24, Inc. (United States), QinetiQ Group plc (United Kingdom), BAE Systems plc (United Kingdom), Laerdal Medical Corporation (United States), Kratos Defense & Security Solutions, Inc. (United States), Th
Operator
Good day and thank you for standing by. Welcome to the Kratos Defense & Security Solutions First Quarter 2021 Earnings Conference Call. [Operator Instructions] After the speakers presentation there will be a question-and-answer session. [Operator Instructions].
I would now like to hand the conference to your speaker today, Marie Mendoza, Senior VP and General Counsel. Please go ahead.
Marie Mendoza
Senior Vice President and General Counsel
Thank you. Good afternoon, everyone. Thank you for joining us for the Kratos Defense & Security Solutions first quarter 2021 conference call. With me today is Eric DeMarco, Kratos President and Chief Executive Officer; and Deanna Lund, Kratos Executive Vice President and Chief Financial Officer.