2018cnc8-9

8 www.CNC-West.com CNC WEST August/September 2018 EXEC H TLINE Continued on page 120....... Kratos Gets Target Drone Work Kratos Defense & Security Solutions Inc. announced on July 19 that it received a U.S. Air Force contract covering three lots of its BQM-167A high-performance, jet-powered un- manned aerial target drone systems. The contract consists of a base year and two option years, with a maximum value of $109 million. The deal includes contractor logistics support. Fiscal year 2018 procurement funds of $27 million are being initially obligated for 30 target drones and production support, Kratos said in its announcement. San Diego-based Kratos produces its target drones in the Sacramento area. Teal Group Predicts Worldwide Civil Drone Production Will Soar Over the Next Decade Civil Unmanned Aerial Systems (UAS) are at- tracting record levels of venture capital and promise to be the most dynamic growth sector of the world aerospace industry this decade, reports Teal Group. “The groundwork is being laid for explosive growth in the civil UAS market,” said Philip Finnegan, Teal Group’s director of corporate analysis and author of the study. “The pros- pect for strong growth as airspace opens is attracting record levels of investment and the involvement of technology giants. New hardware, software and services are enabling businesses to begin to incorporate unmanned systems in their operations.” Teal Group’s 2018 World Civil UAS Market Profile and Forecast projects that non-military UAS production will total $88.3 billion in the next decade, soaring from $4.4 billion worldwide in 2018 to $13.1 billion in 2027, a 12.9% compound annual growth rate. The fore- cast includes commercial, consumer and civil government systems. Teal Group, provides sup- port for the FAA in the preparation of its commercial UAS forecast. Firms in traditional aerospace, data analy- sis, semiconductors, telecommunications are all driving aggressively into the civil mar- ket. Technology companies like Intel, Qual- comm, Microsoft, Apple as well as venture capitalists have poured more than $500 million into startup investments in 2017. Raytheon Producing and Deliver- ing 44 Standard Missile-3 Rounds Under $466 Million Contract Raytheon Company will produce, test and deliver 44 Standard Missile-3 Block IB inter- ceptors under a $466.9 million U.S. Missile Defense Agency contract. This is the fiscal year 2018 contract under the initial 2015 contract announcement of $2,351,177,872 for planned SM-3 fiscal year 2015-2018 production. The U.S. Navy uses the missiles to provide regional defense against short- to interme- diate-range ballistic missiles. CMTC Expands its “California’s Manufacturing Network” Re- sources to Serve More Small and Medium-Sized Manufacturers California Manufacturing Technology Con- sulting (CMTC) is expanding its “California’s Manufacturing Network” to serve more manufac- turers in California. The Network is a col- laboration of manufacturing-focused partners aimed at delivering a broad range of technical assistance to Small and Medium-Sized Manufac- turers (SMMs) in both urban and rural areas statewide. The Network’s mission is to gener- ate a positive financial impact for manufactur- ers and the California economy. To serve more manufacturers, Kristina Chavez Wyatt has been added to the CMTC team as a client associate to serve SMMs located in the central coast region of California between Monterey and Santa Cruz. The region is home to numerous manufacturing sectors including; computer, electronics and food and beverage. Kristina’s primary focus will be to consult with SMMs in the region and assist them by providing the full range of services and programs offered by CMTC.