30 Sep '12, 9am

European plans for $14 billion in new drones

Europe is being tipped to spend nearly $14 billion over the next 10 years on research and development of unmanned aerial systems and their procurement. About $8.7 billion of that amount will be spent on R&D efforts, while about $5 billion will be for procurement. However, despite strides in developing its own unmanned aerial systems, much of the aircraft procured will come from outside the continent. The predictions are part of a larger overall analysis of the UAS market worldwide by Forecast International, a U.S. market intelligence and analysis firm serving the defense, aerospace and security industries as well as government and military organization. "Just when you think the UAS market cannot go any higher, it does," said Larry Dickerson, Forecast International's senior unmanned vehicles analyst. "No matter how many systems are built, operators want more." Forecast Inte...

Full article: http://www.spacewar.com/reports/Europe_tipped_to_spend_14...

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