Lockheed Martin Rotary and Mission Systems has secured a $102.06 million contract modification for the AEGIS combat system. The agreement entails capability development, system integration, and in-service sustainment for existing configurations of the system. Work will be carried out in Moorestown, New Jersey, with a completion date set for December 31, 2024. The Naval Sea Systems Command is overseeing the project.
The global Device-as-a-Service (DaaS) market is projected to grow significantly from 2023 to 2027, with a CAGR of 31.07%. DaaS provides cost-effective IT solutions to enterprises, enhancing work flexibility and efficiency. The increasing use of IT equipment, cloud services, and remote working models has fueled market growth. However, challenges such as data transfer timing, system integration, and cybersecurity concerns need to be addressed by businesses adopting DaaS.
