|By PR Newswire||
|August 4, 2014 04:46 PM EDT||
NEW YORK, Aug. 4, 2014 /PRNewswire/ -- Giga-tronics, Inc. (NASDAQ: GIGA) – According to market research organization MarketsandMarkets, global defense spending is projected to generally stagnate for the foreseeable future. Global defense expenditures were estimated to be $1.7 trillion in 2012, and forecast to grow by 0.2% through 2022. Within this environment segments of the defense industry, including electronic warfare and radar, are expected to see growth (growing at a compound annual rate (CAGR) of 4.5%), and reaching $15.6 billion by 2020. Spending on wireless communications equipment, as forecast by CTIA and others, is expected to grow at a 6.9% CAGR, reaching $263.1 billion in 2017 from $201.2 billion in 2013.
Giga-tronics designs, manufactures, and markets a range of test and measurement equipment used in the development, testing, and maintenance of wireless communications products and systems, flight navigational equipment, electronic defense systems, and automatic testing systems. The company is headquartered in San Ramon, California.
A full in-depth analyst report on GIGA that includes company overview, products, market and competition breakdown, recent events, outlook, analyst summary, and recommendation can be viewed by using the following link at no cost:
Copy and paste to browser may be required.
This report was prepared for informational purposes only. Affiliated parties involved with producing and issuing this report have not been compensated in any form. A full disclaimer can be found by viewing the full analyst report.
This report may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of mentioned company to be materially different from the statements made herein.
Content is researched, written and reviewed on a best-effort basis. This document, article or report is written and authored by Charles I. Reed, CFA. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below. We do not engage in high frequency trading.
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
BrokerBank Securities, Inc. is a member of the Financial Industry Regulatory Authority, CRD number #130116.
SOURCE BrokerBank Securities, Inc.