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Thursday, November 21, 2013

Forecast International Predicts Key Land & Sea-Based Electro-Optical Systems Valued at $13.5 Billion over the Coming 10 Years

Night Vision devices will also continue to see high demand in the years ahead. Driven by ongoing demand by the U.S. Army for a wide range of advanced surveillance systems, the PSQ-20 Enhanced Night Vision Goggle (ENVG-eMagin Inside) will be produced in relatively steady numbers through the rest of the decade. The U.S. Army in May 2013 awarded prime contractor ITT Exelis a $48 million contract for the system. According to the FY14 U.S. defense budget, $1.1 billion will be spent on the procurement of night vision devices through 2018.


http://www.marketwatch.com/story/forecast-international-predicts-key-land-sea-based-electro-optical-systems-valued-at-135-billion-over-the-coming-10-years-2013-11-20?reflink=MW_news_stmp

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