AEROSTAT SYSTEM MARKET ANALYSIS

Leading Companies

Global Aerostat System Market: Key Developments

In March 2020, Aerostar International Inc., reported that is has been granted a $6.2 million agreement to give a fastened aerostat framework to a Center Eastern Country for line security reason.

In September 2020, the U.S. Armed force granted Aerostar International Inc. an agreement worth up to $11 million for the stock of fastened aerostats.

In January 2021, Aerostar International Inc. announced that it had been given a contract worth $3.2 million to supply a tethered aerostat system to Latin American nations for the purpose of border security.

In February 2021, The Canadian Armed Forces' Persistent Surveillance System (PSS) units will continue to receive maintenance services from Rheinmetall Canada, which announced that it had been awarded the contract.

Global Aerostat System Market: Key Companies Insights

The global Aerostat System market is highly competitive. This is attributed to continuous launch of new technologies due to ongoing R&D and efforts by value chain participants. Moreover, key players are adopting various business growth strategies in order to expand their presence on regional as well as global basis.

Some of the key players in the global Aerostar International, Inc., Raytheon Company, ILC Dover LP, Worldwide Aeros Corporation, Israel Aerospace Industries Ltd., TCOM L.P., Lindstrand Technologies, Ltd., RT Aerostat Systems, Inc., Lockheed Martin Corporation, and RosAeroSystems, International Ltd.