UAV Makers Attract M&A Interest Despite Defense Cuts

In the US defense sector, it seems like everyone is so preoccupied with government spending cuts that they pay little attention to the segments that are still experiencing high growth. One of those areas is unmanned aerial vehicles (UAVs), also known as drones.
Although they may not recognize the term, most people are quite familiar with UAVs as they have become fixtures in movies and video games. These small planes, which can be controlled by a computer inside the vehicle or remotely by a pilot, are increasingly being used by the military to perform missions that may be considered too dangerous for humans, such as wartime reconnaissance or combat missions.

Illustrating the growth in the UAV market, a 2012 study by consulting firm Teal Group estimates that UAV spending will almost double over the next decade from $6.6 billion annually to $11.4 billion.

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Source: Forbes.com: News

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