Retrofits and Upgrades are the Way Forward for Vetronics in the U.S. Military, Finds Frost & Sullivan

Retrofits and Upgrades are the Way Forward for Vetronics in the U.S. Military, Finds Frost & Sullivan PR Newswire MOUNTAIN VIEW, California, Dec. 19, 2012 - COTS solutions will be the basis of many vetronics modifications MOUNTAIN VIEW, California, Dec. 19, 2012 /PRNewswire/ -- Planned vehicle procurement programs in the U.S. Military are ending, and new programs are several years away from implementation. For the vetronics market, this means that retrofits and vehicle modifications will account for the bulk of its revenue over the next five years. New analysis from Frost & Sullivan (http://www.aerospace.frost.com), U.S. Military Vetronics, finds that the 2013 U.S. military budget requests $909.3 million in vetronics procurement, which will decline at a rate of 8.6 percent till 2017. If you are interested in more information on this research, please send an email to Jeannette Garcia, Corporate Communications, at jeannette.garcia@frost.com, with your full name, company name, job title, telephone number, company email address, company website, city, state and country. The Department of Defense (DoD) budget's emphasis will be on equipment modifications and rebuilding of current systems, rather than procuring new vehicles. Future vehicle purchases will be limited to next-generation brigade combat team ground combat vehicle (BCT GCV) and the joint light tactical vehicle (JLTV).