Industry Analysis & Industry Trends
The Space Vehicle and Missile Manufacturing industry had difficulty taking off over the past five years as government spending on industry programs came under pressure. After initially propping up industry revenue, declining federal funding for defense and scientific research caused by the winding down of military operations in the Middle East and high US budget deficits led to decreased industry revenue. However, surging exports of missiles helped industry players offset weaker demand at home. In the coming years, overall federal funding on industry products will remain constrained and may even further decline if sequestration continues. Conversely, industry revenue growth will be boosted by increasing exports due to higher demand for US missile systems... purchase to read more
Industry Report - Industry Products Chapter
Aggregate revenue from complete missile sales, research and development is expected to reach 42.6% of industry revenue in 2016. Many types of missiles exist, including ballistic missiles that follow a trajectory, cruise missiles, anti-aircraft missiles and aircraft combat missiles. Missiles can be generally classified by their type, launch mode, range, propulsion method, warhead or guidance system.
With respect to a missiles warhead type, the missile can be classified as either conventional or strategic. Long-range missiles, especially those with nuclear warheads, and including ballistic and cruise missiles, are known as strategic missiles. Ballistic missiles are rocket-propelled systems that are launched either from land or sea and move by the launch rocket's momentum... purchase to read more