Jeffries equity analyst Sheila Kahyaoglu outlined expected improvements in 2021 at the Wichita-based Beechcraft and Cessna airframer in an investor note.
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The global special mission aircraft market size is projected to grow from USD 13.5 billion in 2020 to USD 18.3 billion by 2025, at a CAGR of 6.2% from 2020 to 2025. The market is driven by various factors, such as increasing usage of UAVs in military operations, growing need for air-to-air refueling to support overseas deployment, and rise in demand for emergency medical service helicopters.
The special mission aircraft market includes major players Boeing (US), Lockheed Martin (US), Dassault Aviation (France), Textron Aviation (US) and Northrop Grumman (US). These players have spread their business across various countries includes North America, Europe, Asia Pacific, Middle East, Africa, and South America. COVID-19 has impacted their businesses as well. Industry experts believe that COVID-19 could affect special mission aircraft production and services by 7-10% globally in 2020.
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Feb 22, 2021 09:22 AM EST
The U.S. Air Force AT-6E Wolverine, designed for low-end attack air, offers more despite its simplicity. It will have data sharing included that will be useful for allies with no such capacity.
According to the U.S. Air Force, which got its first Wolverine light-attack aircraft, more improvements will benefit operators. One of them is sharing data for any allied air force working with the USAF.
Turboprop aircraft Wolverine
The new twin-seat, single-engine turboprop aircraft was just received after the acquisition was reported by the Air Force Life Cycle Management Center (AFLCMC). It bought inexpensive airplane additional planes when more expensive fight jets are not needed. The AFLCMC is only one of six organizations under the Air Force Materiel Command, reported Eurasian Times.