Tuesday, February 17, 2009

Study: UAV spending to double


WASHINGTON - Unmanned aerial vehicles remain the most dynamic growth sector of the aerospace industry. That's according to Teal analysts in their latest analysis. Teal Group's 2009 market study estimates UAV spending will almost double over the next decade. Current worldwide UAV expenditures is $4.4 billion annually. That's expected to go to $8.7 billion within a decade, totaling over $62 billion in the next 10 years. (Source: PRNewswire, 02/17/09) Gulf Coast note: Fire Scout and Global Hawk UAVs are built in part at the Unmanned Systems Center in Moss Point, Miss.