Global Multiple Launch Rocket Systems (MLRS) Market: Key Highlights
Global Multiple Launch Rocket Systems (MLRS) Market: Key Market Dynamics
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Global Multiple Launch Rocket Systems (MLRS) Market: Regional Overview
The region is witness to create a major role of the adoption of the market in the forecast period. Also, the US and Canada being the major economies of the region, spend significant amount of the GDP on the military and defense. However, the growing technological advancements, rising government initiatives, as well as the investments in the United States is one the major reason for the market growth Hence, these trend will create a significant opportunities for the growth of the market in the region.
The Asia-Pacific is projected will create a significant growth with advancements and developments in the field of battlefield management for getting the tactical communications. Moreover, Pinaka is a multi-launch rocket system (MLRS) which is being used by the Indian Army. This has been developed by the Defense Research and Development Organization (DRDO) to replace the BM-21 Grad multiple rocket launcher systems of the Indian Army. However, the China’s WS-2 is a 400mm guided MLRS which has been designed and manufactured by China. These is a latest rocket system with has been characterized by long-range fast response as well as the easy operation and maintenance.
Global Multiple Launch Rocket Systems (MLRS) Market: Key Players Overview
Lockheed Martin Corporation is an American aerospace, arms, security, defense and advanced technologies company. In 2020, the company has received a contract of worth USD 226 Million to recapitalize Multiple Launch Rocket System M270 launchers. Also, the company in the partnership with the Red River Army Depot will lead to advance and overhaul the M270s as a zero-time launchers with brand new engines, the new Common Fire Control System (CFCS) as well as the enhance armored cabs which will helps to offers a compatibility with MLRS Family of Munitions (MFOM).
Avibras Indústria Aeroespacial is a diversified Brazilian company, which designs, develops as well as manufactures defense products and services. Whereas, the company provide the accessories such as naval, aircraft, antiaircraft, tank, coast, and field artillery products. Moreover, Avibras also design, develop and produce rockets as well as missiles for space research and for military applications.
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