HOME Research Insight Long-Term Contracts and Agreements are the Key Strategies Adopted by the Leading Players to Strengthen their Positions in the Counter-IED Market



Long-Term Contracts and Agreements are the Key Strategies Adopted by the Leading Players to Strengthen their Positions in the Counter-IED Market


Lockheed Martin Corporation (US), Allen-Vanguard Corporation (Canada), Chemring Group (UK), Raytheon Company (US), Elbit Systems Ltd. (Israel), General Dynamics Corporation (US), etc. are the leading players operating in the counter-IED market. These companies are expected to continue their dominance in the counter-IED market during the forecast period from 2017 to 2022.

The strategy of long-term contracts was the key strategy adopted by the companies to enhance their positions in the counter-IED market. This strategy accounted for a share of 85.0% of the total growth strategies adopted by the leading players in the counter-IED market between January 2014 and June 2017.

Major players in the counter-IED market

Lockheed Martin Corporation (US) is one of the leading players in the counter-IED market. It operates through four business segments, namely, aeronautics, missiles and fire control (MFC), rotary and mission systems (RMS), and space systems. The company offers counter-IED products and solutions through its rotary and mission systems (RMS) business segment. In the counter-IED market, the company is known for its jammer, namely, Symphony Block 40 and its other variants. Lockheed Martin offers products and services that cater to the defense, civil, and commercial applications. Some of the major subsidiaries of Lockheed Martin Corporation include Lockheed Martin Australia Pty Limited (Australia), Lockheed Martin UK Limited (UK), Lockheed Martin Canada Inc. (Canada), Lockheed Martin Global, Inc. (Singapore), and Lockheed Martin Logistics Management, Inc. (US). The company has its operations in the Americas, Europe, Asia Pacific, and the Middle East & Africa. The strategy of contracts is the major strategy adopted by Lockheed Martin Corporation to strengthen its position in the counter-IED market. For instance, in 2016, Lockheed Martin received a contract from the US partner nations to provide Symphony Block 40 to them.

Chemring Group (UK) operates through three strategic product segments, which include countermeasures, sensors & electronics, and energetic systems. The products offered by the company through its sensors & electronics segment include the world’s leading systems for detecting improvised explosive devices (IEDs) and chemical and biological agents. It also offers core technologies for detecting, intercepting, and jamming electronic communications. Chemring Sensors & Electronic Systems (NIITEK in Virginia and Chemring Detection Systems in South Carolina) – manufacture improvised explosive devices (IEDs), and chemical and biological detection systems. The company is one of the global leaders in the counter-IED market and offers advanced technology products to detect, disable, and defeat the threats posed by either concealed improvised explosive devices (IEDs) or unexploded ordnance (UXO). For instance, in 2015, the company launched the world’s first handheld IED detector with interchangeable sensor heads for wire and metal detection.  

Companies such as Lockheed Martin Corporation (US) and Chemring Group (UK) have made significant contributions to the counter-IED market. These companies are expected to witness significant growth in the counter-IED market during the forecast period from 2017 to 2022, owing to the strategies of long-term contracts and agreements adopted by them.

Related Reports:

Counter-IED Market by End User (Military, Homeland Security), Deployment (Vehicle mounted, Ship mounted, Airborne mounted, Handheld), Capability (Detection (ADS, MIDS), and Countermeasure (Jammer, Neutralization)) and Region - Global Forecast to 2022

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