A mannequin in night-vision goggles is part of a display at a border-security expo in Pheonix last year. Defense companies are seeking growth in markets in the developing world, or in homeland and cybersecurity.
Defense manufacturers worldwide are facing tough times ahead, as tight budgets force Western governments to cut spending. But while the West is cutting back, developing countries around the world are spending more on defense — a lot more.
Last fall, defense contractors warned of massive layoffs if the U.S. government enacted the automatic budget cuts known as sequestration. Now, sequestration is in effect, but job losses are limited, in part because many Pentagon contracts were already in place and will keep assembly lines rolling for much of this year.
How do you turn space technology into earth-bound products for businesses and consumers? That's the question Loveland business leaders and NASA officials batted around today during the Innovation and Technology Showcase, designed to explore so-called “technology transfers”.
The city of Loveland is one step closer to building out the Aerospace Clean Energy Manufacturing and Innovation Park, or ACE—an effort that would bring more than a thousand high-tech jobs to Northern Colorado.