BODY ARMOR PLATES MARKET ANALYSIS
Global Body Armor Plates Market: Key Developments
In August 2019, 3M announced its decision to divest its combat helmets and body armor unit and sell it to British manufacturer Avon Rubber. This initiative was aimed to expand the company's business revenue.
In March 2018, Cerdyne Inc. received an additional US$ 34 million from the U.S. Army to continue the supply of its ballistic helmets, also known as Integrated Head Protection Systems. This investment increased the company's Integrated Head Protection Systems contract value to around US$ 52 million.
In September 2020, BAE System announced the launch of its Armored Multi-Purpose Vehicle. The launched vehicle is designed to fulfill the requirements of Armored Brigade Combat Teams and set the groundwork for the battlefield.
In September 2020, Holding Technodinamika, a subsidiary of Rostec, announced that it would soon begin the serial production of armor plates made of corundum ceramics that demonstrated high protective properties than armored steel during tests.
In March 2020, Ordnance Factory Board (India) designed bullet proof jacket in compliance with different national and international ballistic standards. These jackets are customizable with plate pockets in the carrier for soft/ hard armor panel protection.
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