Philip Finnegan

16
January
2015

Marine Corps Set to Deploy Next-Generation Unmanned Aircraft

Featuring: Philip Finnegan

Marine Corps Set to Deploy Next-Generation Unmanned Aircraft

As far as nano-UAVs, there are a growing number of products in the marketplace for the Marine Corps to choose from, said Phil Finnegan, an analyst with the Teal Group.

A Norwegian company, ProxDynamics, is offering a palm-sized miniature helicopter, the PD-100 T Black Hornet, which can fly with an electro-optical camera and thermal sensor provided by FLIR Systems Inc. for night operations. U.K. forces, and possibly U.S. Special Operations Command, have purchased some of the mini-copters, Finnegan said.

Nano-UAVs "definitely [are] a rapidly growing market. That being said, the [contract] value is nowhere near those of the larger systems," he added.

Media Outlet: National Defense Tags Drones | Marine Corps | UAVs

06
January
2015

FAA’s Failure to Regulate U.S. Drone Boom Creates Climate of Confusion

Featuring: Philip Finnegan

FAA’s Failure to Regulate U.S. Drone Boom Creates Climate of Confusion

"It tests the waters and provides some understanding of these systems. Also, from a political standpoint, it helps address some of the concerns in Congress about the ability of U.S. companies to really address this market," said Philip Finnegan, director of corporate analysis at the Teal Group, a leading aerospace and defense market analysis company. "It's a way of providing an interim step before you go out and do the final rule. And the final rule is going to take a long time."

One of the most troublesome issues the FAA must address in its final rule is to outline the differences between using a drone for commercial purposes versus solely for recreation, and then to police drone operators accordingly.

Under current law, for instance, it is technically legal to equip a drone with a camera and snap pictures of a scenic countryside. Selling those pictures, however, is not allowed.

Ironically, that system may have created a situation in which the most responsible operators can't use drones legally while the most irresponsible can.

"It's going to be very difficult for the FAA to control this. Part of the problem is there are severe restrictions on the commercial operation of these, and a lot of those people would be the most responsible," Mr. Finnegan said. "When it comes to hobbyists — no training, dim awareness of the risks — there is very little in terms of limitations. It's a serious, serious problem."

Media Outlet: The Washington Times Tags Drones | FAA | Regulation | UAVs

16
December
2014

Inside the New Stealth Arsenal

Featuring: Philip Finnegan

Inside the New Stealth Arsenal

As military strategists look ahead, the days of asymmetric warfare and the uncontested airspace that comes with it seem to be drawing to a close. "There are no active area defenses run by insurgents in Afghanistan and Iraq or, for that matter, Syria," says defense analyst Phil Finnegan, of the Fairfax, Virginia–based Teal Group. "But the next generation of UAVs will have to confront potential threats like China. They'll need to be much more capable—faster, with greater autonomy in case communication links are disrupted, and stealthier so they are more difficult for an adversary to detect."

Media Outlet: Popular Science Tags Drones | UAVs

02
December
2014

GoPro Inc's Consumer Drones Could Help Its Stock Take Off

Featuring: Philip Finnegan

GoPro Inc's Consumer Drones Could Help Its Stock Take Off

Research firm Teal Group estimates that global annual spending on drones will nearly double from $6.4 billion to $11.5 billion over the next 10 years. Teal's study shows that military drones currently account for 89% of the market, while civil drones account for the remaining 11%. Yet that split is expected to be 86% military versus 14% civil over the next decade.

Media Outlet: Nasdaq Tags Drones | UAVs

25
October
2014

Sinclair Sees UAS Payoff in Future Jobs

Featuring: Philip Finnegan

Sinclair Sees UAS Payoff in Future Jobs

Phil Finnegan, a drone expert at the Virginia-based Teal Group, also predicted new jobs on the horizon. "There definitely will be growth of new jobs in the UAS industry as commercial operations begin," he said. "At this point, what everyone is waiting for is the FAA to take steps to begin to open air space and that's going to take time."

Media Outlet: Dayton Daily News Tags Drones | UAVs

22
October
2014

Socom Seeks Drone Services to Collect Intel

Featuring: Philip Finnegan

Socom Seeks Drone Services to Collect Intel

The Socom notification is a big deal for the drone industry, said Phil Finnegan, director of corporate analysis for the Teal Group, an aerospace defense consulting firm. "From the industry perspective this is important, because there are very few programs out there," said Finnegan. "Companies are eager not just to get the business, but to get a blue chip customer like Socom."

Media Outlet: The Tampa Tribune Tags Drones | Socom | UAVs

30
September
2014

On the Frontlines With US Drone Pilots: A Console But No Video Game

Featuring: Philip Finnegan

On the Frontlines With US Drone Pilots: A Console But No Video Game

"The Global Hawk is becoming the backbone of high-altitude long endurance surveillance in the US military. The fleet is growing very rapidly," said Philip Finnegan, director of corporate analysis at the Teal Group, which specializes in the aerospace market.

Media Outlet: The Guardian

25
September
2014

Syria-to-Ukraine Wars Send U.S. Defense Stocks to Records

Featuring: Philip Finnegan

Syria-to-Ukraine Wars Send U.S. Defense Stocks to Records

Pentagon contractors have been responding to the pullback in U.S. military budgets by shifting focus to international markets, said Philip Finnegan, director of corporate analysis at Teal Group, a Fairfax, Virginia-based consultant that tracks defense and aerospace companies.

Even with revenue at Lockheed, Raytheon, General Dynamics and Falls Church, Virginia-based Northrop down 4 percent since 2011, non-U.S. sales have climbed 9 percent during that stretch. The four companies also have pared expenses, including reducing their combined workforce since 2011 by 23,000 people, or about 6 percent, according to data compiled by Bloomberg.

The improvements to profitability, combined with investor-friendly moves such as stock buybacks, may influence share prices more than the strife in Iraq and Syria, Finnegan said.

"Clearly the world has become increasingly unstable. The question of whether that has a major impact on the defense budget is uncertain," Finnegan said. "There may be an investor psychology that suggests that there's going to be a large benefit to these companies. But the jury is still out."

Media Outlet: Bloomberg Tags Defense Budget | International Markets | Syria

25
September
2014

FAA Approves Drones in Hollywood

Featuring: Philip Finnegan

FAA Approves Drones in Hollywood

Phil Finnegan, an aviation analyst with the Teal Group, said while the U.S. has led the world in developing the technology behind drones, it's fallen far behind when it comes to letting them fly legally.

"Countries like Canada, Australia, the United Kingdom — a lot of European countries — are going after this market," he says.

It'll take the FAA several years to finalize regulations for all drones, Finnegan says, but he believes this initial move will make the American motion picture industry more competitive on the world stage.

Media Outlet: Bloomberg Tags Drones | FAA | UAVs

20
August
2014

5 Largest Defense Firms Shed 14 Percent of Their Workforces in Last 6 Years, Analysis Shows

Featuring: Philip Finnegan

5 Largest Defense Firms Shed 14 Percent of Their Workforces in Last 6 Years, Analysis Shows

"As the prospects for growth have decreased in the defense industry, the way that defense companies can attract investors is by showing that they can increase profit margins," Philip Finnegan, director of corporate analysis at the Teal Group, an aerospace and defense market research firm, told Politico. "There's been a drive in the defense industry to increase profit margins and return more to shareholders."

Media Outlet: Politico Tags Defense Industry | Profit Margins | Shareholders

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