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Industrial Robotics Market to Grow by USD 16.71 Billion (2024-2028), Rising Demand for Industrial Robots, Report on AI-Driven Market Trends – Technavio

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NEW YORK, Nov. 26, 2024 /PRNewswire/ — Report on how AI is redefining market landscape – The global industrial robotics market size is estimated to grow by USD 16.71 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  13.26%  during the forecast period. Demand for industrial robots is driving market growth, with a trend towards integration of IoT with robotics. However, lack of skilled workers to operate industrial robots  poses a challenge.Key market players include ABB Ltd., b m surface systems GmbH, Comau Spa, DENSO Corp., Durr AG, FANUC Corp., Kawasaki Heavy Industries Ltd., MIDEA Group Co. Ltd., Mitsubishi Electric Corp., NACHI FUJIKOSHI Corp., OMRON Corp., Relay Robotics Inc., Rethink Robotics GmbH, Robert Bosch GmbH, Rockwell Automation Inc., Seiko Epson Corp., Shenyang Xinsong Robot Automation Co. Ltd., Staubli International AG, Teradyne Inc., and Yaskawa Electric Corp..

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Industrial Robotics Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 13.26%

Market growth 2024-2028

USD 16.71 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

12.78

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 38%

Key countries

US, China, Japan, India, and Germany

Key companies profiled

ABB Ltd., b m surface systems GmbH, Comau Spa, DENSO Corp., Durr AG, FANUC Corp., Kawasaki Heavy Industries Ltd., MIDEA Group Co. Ltd., Mitsubishi Electric Corp., NACHI FUJIKOSHI Corp., OMRON Corp., Relay Robotics Inc., Rethink Robotics GmbH, Robert Bosch GmbH, Rockwell Automation Inc., Seiko Epson Corp., Shenyang Xinsong Robot Automation Co. Ltd., Staubli International AG, Teradyne Inc., and Yaskawa Electric Corp.

Market Driver

Industrial robotics market is witnessing significant trends in automation, with robots taking over repetitive tasks in various sectors. France, India, South Africa, and the Middle East are key regions driving this development. Companies like Yaskawa Electric and Denso are at the forefront of this industry, providing productivity-enhancing technologies for material handling, welding, and SCARA robots. Automation solutions are essential for industries dealing with manufacturing processes that require precision, consistency, and flexibility. Robots are being integrated into production lines for tasks such as painting, soldering, and assembly, addressing the labor shortage. Industry 4.0 is pushing the role of robotics technology to new heights, with advancements in artificial intelligence, sensors, and integration capabilities. The robot market is forecasted to grow, with China and India being major players. Cobots and machines with multiple axes are becoming increasingly popular due to their flexibility and cost-effectiveness. Production lines in the U.S., Brazil, and Singapore are adopting automation solutions to enhance efficiency and product quality. Deployment of automation solutions in supply chains and assembly lines is a trend, with competition driving down costs and improving delivery times. Robots are being used to monitor and program operations, ensuring consistency and safety in manufacturing processes. The future of industrial robotics lies in the integration of robotics technology with artificial intelligence, allowing machines to learn and adapt to their environment. This will lead to more advanced automation solutions, meeting the needs of industries and enhancing the role of robots in manufacturing processes. 

The Industrial Robotics Market is experiencing significant growth due to the integration of the Internet of Things (IoT) in manufacturing processes. IoT allows for seamless data transfer between devices, leading to increased automation in industries. Smart and wireless devices, along with cloud technology, are driving the future of industrial robots, such as articulated robots. These robots offer real-time performance data, enhancing efficiency and productivity. Vendors are responding to market competition by offering IoT-enabled articulated robots, providing valuable insights for optimizing industrial operations. 

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 Market Challenges

The Industrial Robotics Market is experiencing significant growth as automation becomes a necessity for businesses to increase productivity and efficiency in various sectors. In France, for instance, the manufacturing industry is at the forefront of this development, with sectors like material handling, welding, and painting adopting robots for tasks that require precision and consistency. Companies like Yaskawa Electric and Denso are major players in this market, providing automation solutions that integrate sensors and artificial intelligence for flexibility and product quality. The market for industrial robots is diverse, with types ranging from SCARA and Cartesian robots to cobots and robots for tasks like soldering and welding. The robot market in China and India is forecasted to grow due to the need for automation and the shortage of labor. In South Africa and the Middle East, industries are deploying robots to improve capacity and reduce labor costs. Manufacturing processes in the U.S., Brazil, and Singapore are also adopting robotics technology to enhance production lines and improve delivery consistency. Robots are being used in assembly lines, material handling, and even in vehicle manufacturing. The role of robotics technology in Industry 4.0 is becoming increasingly important as machines become more interconnected and require monitoring and programming for optimal efficiency. Despite the benefits, challenges remain, including the initial costs of deployment and maintenance. The competition in the market is fierce, with companies striving to offer the most advanced technologies and capabilities. The future of industrial robotics lies in the integration of artificial intelligence and advancements in safety features, making robots an essential tool for businesses looking to stay competitive in today’s manufacturing landscape.Industrial robots offer numerous advantages in manufacturing processes, including enhanced accuracy and productivity. However, the market growth is hindered by the challenge of acquiring a skilled workforce. End-users face difficulties in finding workers with the necessary qualifications to operate and maintain robotic technology. Industrial robots require a high level of technical expertise, making it essential for operators to have a solid understanding of data exchange between the robots and the assembly line. Unfortunately, not all workers possess the required skills, limiting the adoption of robots in industrial settings. Consequently, there is a pressing need for training programs to upskill the workforce and prepare them for the integration of advanced robotics in manufacturing facilities.

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Segment Overview 

This industrial robotics market report extensively covers market segmentation by  

Type 1.1 Articulated1.2 SCARA1.3 Cylindrical1.4 OthersEnd-user 2.1 Electrical and electronics2.2 Automotive2.3 Metal and machinery2.4 Pharmaceuticals2.5 OthersGeography 3.1 APAC3.2 Europe3.3 North America3.4 South America3.5 Middle East and Africa

1.1 Articulated-  Articulated robots are a prominent segment in the industrial robotics market, providing adaptability and flexibility across numerous industries, including automotive, metals and machinery, and pharmaceuticals. These robots, which mimic human arm movements through multiple rotary joints, enable them to navigate confined spaces and execute intricate tasks with precision. The 6-axis robot, offering six degrees of freedom, is the most widely used configuration for articulated robots. Renowned for their high accuracy and dexterity, these robots are employed for applications such as material handling, welding, painting, and assembly. In the automotive sector, they are frequently utilized for tasks like spot welding, which necessitates precise placement at various locations on a car body. The size and configuration of the robot determine its payload capacity, ranging from entire car bodies to tiny electronic components. The expanding capabilities and performance of robotics technology are expected to drive the growth of the global industrial robotics market’s articulated segment throughout the forecast period.

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Research Analysis

Industrial robotics is revolutionizing manufacturing processes by automating repetitive tasks, enhancing productivity, and improving product quality. Technologies such as SCARA robots, cobots, and industrial vehicles are transforming material handling, welding, soldering, painting, and other sectors. The role of industrial robots extends beyond factories, with applications in manufacturing processes for various industries. Development in robotics is at the forefront of Industry 4.0, integrating sensors, artificial intelligence, and machine learning for greater flexibility and consistency in production lines. Capacity and precision are key benefits, reducing labor costs and increasing efficiency. Maintenance and integration with supply chains are crucial considerations, with forecasts predicting continued growth in the robot market. Production lines and assembly lines are becoming smarter and more automated, leading to cost savings and improved client satisfaction.

Market Research Overview

Industrial robotics is a dynamic and evolving market that focuses on automating various tasks in manufacturing processes. This sector encompasses technologies such as SCARA, welding, material handling, and painting robots, among others. The market is witnessing significant growth in sectors like automotive, electronics, and food and beverage, driven by the need for increased productivity and consistency. France, India, South Africa, and the Middle East are among the regions experiencing rapid development in industrial robotics. Technologies like Industry 4.0, artificial intelligence, and sensors are at the forefront of this growth, enabling machines to learn and adapt, and providing flexibility in production lines. The role of robotics in manufacturing processes is becoming increasingly important as labor costs rise and the need for precision, efficiency, and flexibility grows. Robots are being deployed in a variety of industries, from material handling and welding to soldering and painting. The market for industrial robots is expected to continue growing, with forecasts indicating a significant increase in sales over the next few years. The robot market in China and India is expected to see particularly strong growth, driven by the scale of their manufacturing industries and the need for automation solutions. The deployment of industrial robots is not without challenges, however. Maintenance and integration into existing production lines can be complex, and there is a shortage of skilled labor to program and operate the machines. Despite these challenges, the benefits of industrial robotics, including increased capacity, improved product quality, and reduced labor costs, make it a vital part of modern manufacturing processes.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeArticulatedSCARACylindricalOthersEnd-userElectrical And ElectronicsAutomotiveMetal And MachineryPharmaceuticalsOthersGeographyAPACEuropeNorth AmericaSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Technology

Allegiant Announces Future Board Composition Following Sun Country Acquisition

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LAS VEGAS, April 20, 2026 /PRNewswire/ — Allegiant Travel Company (NASDAQ: ALGT) today announced the anticipated structure of its Board of Directors following the acquisition of Sun Country Airlines (NASDAQ: SNCY). Upon closing, the Allegiant Board will expand from eight to eleven members with Jude Bricker, Jennifer Vogel and Thomas Kennedy, all current Sun Country Board members, to join Allegiant’s Board at that time.

In January, Allegiant announced it was acquiring Sun Country in a transaction expected to close as early as May 13, 2026. The combination will form the leading, leisure-focused U.S. airline that is expected to expand affordable, convenient service to more vacation destinations domestically and internationally. After closing, the combined company will operate under the Allegiant name. The airlines will continue operating separately until receiving a single operating certificate from the FAA. There is expected to be no immediate change to ticketing or schedules, and customers can continue to book their flights through allegiant.com and suncountry.com.

“This combination marks a major achievement for both Allegiant and Sun Country, and we look forward to the Allegiant leadership team guiding the company forward,” said Maurice J. Gallagher, Allegiant’s founder and Board Chairman. He added, “The addition of Jude Bricker, Jennifer Vogel, and Thomas Kennedy to our Board reflects the governance structure established for the combined company in the Merger Agreement, and brings to the Allegiant Board even greater expertise in airlines, finance and corporate leadership that will benefit the shareholders, employees and customers of the combined companies.”

Joining the Board upon closing will be:

Jude Bricker has served as President and CEO of Sun Country Airlines since 2017 and has been a Sun Country director since 2018. A seasoned aviation executive with two decades of industry experience, he previously served as Allegiant’s Chief Operating Officer and held multiple leadership roles at Allegiant from 2006–2017, overseeing key commercial, operational, and financial functions. Earlier, he was a finance manager at American Airlines. He also served as an infantry officer in the United States Marine Corps from 1996 to 2002. Mr. Bricker holds a B.S. in Civil Engineering from Texas A&M University and an MBA from the University of Texas, and he is an independent director of SAS Airlines.

Jennifer Vogel has served as Chair of the Sun Country Airlines Board since March 2023 and has been a director since 2022. She is a former senior airline legal and compliance executive, having served as Senior Vice President, General Counsel, Secretary, and Chief Compliance Officer of Continental Airlines (retired 2010). Ms. Vogel currently serves on the boards of AAR Corp. and the Telluride Regional Airport Authority and previously served on the board of Virgin America. She holds a BBA from the University of Iowa and a JD from the University of Texas.

Thomas C. Kennedy has served on the Sun Country Airlines Board since 2021. He is President and CEO, North America at SIXT Rental Car and previously served as its President and CFO. Mr. Kennedy is a former public-company CFO, including as CFO of Hertz Global Holdings, with earlier senior finance leadership roles at Hilton Worldwide and Northwest Airlines. He holds a BA in Economics from Tulane University and an MBA from Harvard University.

“We are excited to welcome these accomplished leaders to Allegiant’s Board upon closing,” said Gregory C. Anderson, CEO of Allegiant. “Their experience and perspective will be valuable as we continue building a stronger, differentiated airline that better serves the communities and customers across our combined network.”

The current Allegiant Board, led by Chairman Maurice J. Gallagher, will continue its oversight responsibilities, with the new members joining effective upon the completion of the Sun Country acquisition.

Strategically, the combination brings together complementary route networks – Allegiant’s focus on small and mid-sized markets and Sun Country’s presence in larger cities – creating more than 650 routes (551 Allegiant routes and 105 Sun Country routes) and connecting Minneapolis–St. Paul to additional mid-sized markets while expanding nonstop access to popular leisure destinations. The combined airline also adds broader international reach by leveraging Sun Country’s service across Mexico, Central America, Canada, and the Caribbean, providing Allegiant customers access to 18 international destinations. The combined company will be headquartered in Las Vegas while maintaining a significant presence in Minneapolis–St. Paul.

About Allegiant – Together We Fly™
Las Vegas-based Allegiant (NASDAQ: ALGT) is an integrated travel company with an airline at its heart, focused on connecting customers with the people, places, and experiences that matter most. Since 1999, Allegiant Air has linked travelers in small-to-medium cities to world-class vacation destinations with all-nonstop flights and industry-low average fares. Today, Allegiant’s fleet serves communities across the nation, with base airfares less than half the cost of the average domestic roundtrip ticket. For more information, visit us at Allegiant.com. Media information, including photos, is available at http://gofly.us/iiFa303wrtF

Cautionary Statement Regarding Forward-Looking Statements

This communication contains forward-looking statements under the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934, Section 27A of the Securities Act of 1933 and the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts and often can be identified by the use of forward-looking terminology such as the words “believe,” “expect,” “guidance,” “anticipate,” “intend,” “plan,” “estimate”, “project”, “hope” or similar expressions. Forward-looking statements in this communication are based on Allegiant’s and Sun Country’s current expectations, estimates and projections about the expected date of closing of the proposed transaction and the potential benefits thereof, their respective businesses and industries, management’s beliefs and certain assumptions made by Allegiant and Sun Country, all of which are subject to change. Forward-looking statements in this communication may relate to, without limitation, the benefits of the proposed transaction, including future financial and operating results; the parties’ respective plans, objectives, expectations and intentions; the expected timing and likelihood of completion of the proposed transaction; expected synergies of the proposed transaction; the timing and result of various regulatory proceedings related to the proposed transaction; the ability to execute and finance current and long-term business, operational, capital expenditures and growth plans and strategies; the impact of increased or increasing transaction and financing costs associated with the proposed transaction or otherwise, as well as inflation and interest rates; and the ability to access debt and equity capital markets.

Forward-looking statements involve risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in any forward-looking statements. Accordingly, there are or will be important factors that could cause actual results to differ materially from those indicated in such statements and, therefore, you should not place undue reliance on any such statements and caution must be exercised in relying on forward-looking statements. Important risk factors that may cause such a difference include, but are not limited to, the following: the occurrence of any event, change or other circumstance that could give rise to the right of one or both of the parties to terminate the definitive merger agreement for the proposed transaction; the risk that potential legal proceedings may be instituted against Allegiant or Sun Country and result in significant costs of defense, indemnification or liability; the possibility that the proposed transaction does not close when expected or at all because required stockholder approvals, required regulatory approvals or other conditions to closing are not received or satisfied on a timely basis or at all (and the risk that such regulatory approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the proposed transaction); the risk that the combined company will not realize expected benefits, cost savings, accretion, synergies and/or growth from the proposed transaction or that any of the foregoing may take longer to realize or be more costly to achieve than expected; disruption to the parties’ businesses as a result of the announcement and pendency of the proposed transaction; the costs associated with the anticipated length of time of the pendency of the proposed transaction, including the restrictions contained in the definitive merger agreement on the ability of each of Sun Country and Allegiant to operate their respective businesses outside the ordinary course consistent with past practice during the pendency of the proposed transaction; the diversion of Allegiant’s and Sun Country’s respective management teams’ attention and time from ongoing business operations and opportunities on acquisition-related matters; the risk that the integration of Sun Country’s operations will be materially delayed or will be more costly or difficult than expected or that Allegiant is otherwise unable to successfully integrate Sun Country’s businesses into its businesses; the possibility that the proposed transaction may be more expensive to complete than anticipated, including as a result of unexpected factors or events; reputational risk and potential adverse reactions of Allegiant’s or Sun Country’s customers, suppliers, employees, labor unions or other business partners, including those resulting from the announcement or completion of the proposed transaction; the dilution caused by Allegiant’s issuance of additional shares of its common stock in connection with the consummation of the proposed transaction; a material adverse change in the business, condition or results of operations of Allegiant or Sun Country; changes in domestic or international economic, political or business conditions, including those impacting the airline industry (including customers, employees and supply chains); Allegiant’s and Sun Country’s ability to successfully implement their respective operational, productivity and strategic initiatives; the outcome of claims, litigation, governmental proceedings and investigations involving Allegiant or Sun Country; and a cybersecurity incident or other disruption to Sun Country’s or Allegiant’s technology infrastructure.

Forward-looking statements in this communication are qualified by and should be read together with, the risk factors set forth above and the risk factors included in Allegiant’s and Sun Country’s respective annual and quarterly reports as filed with the Securities and Exchange Commission (the “SEC”), as well as the risk factors included in Allegiant’s registration statement on Form S-4 (Registration No. 333-294712), as filed with the SEC on March 27, 2026 (https://www.sec.gov/Archives/edgar/data/1362468/000114036126011799/ny20065073x3_s4.htm) (the “Registration Statement”), and readers should refer to such risks, uncertainties and risk factors in evaluating such forward-looking statements.

The forward-looking statements in this communication are made only as of the date they were first issued, and unless otherwise required by applicable securities laws, Allegiant and Sun Country disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Important Additional Information and Where to Find It

In connection with the proposed transaction, Allegiant filed with the SEC the Registration Statement, which includes a prospectus with respect to the shares of Allegiant’s common stock to be issued in the proposed transaction and a joint proxy statement for Allegiant’s and Sun Country’s respective stockholders. The Registration Statement was declared effective on March 31, 2026, and Allegiant filed a final prospectus on March 31, 2026 (which is available at https://www.sec.gov/Archives/edgar/data/1362468/000114036126012380/ny20065073x5_424b3.htm), and Sun Country filed a definitive proxy statement on March 31, 2026 (which is available at https://www.sec.gov/Archives/edgar/data/1743907/000114036126012383/ny20068391x1_defm14a.htm) (together, the “Definitive Joint Proxy Statement/Prospectus”).

Each of Allegiant and Sun Country may also file with or furnish to the SEC other relevant documents regarding the proposed transaction. This communication is not a substitute for the Registration Statement, the Definitive Joint Proxy Statement/Prospectus or any other document that Allegiant or Sun Country may file with the SEC or send to their respective stockholders in connection with the proposed transaction. INVESTORS AND SECURITY HOLDERS OF ALLEGIANT AND SUN COUNTRY ARE URGED TO READ THE REGISTRATION STATEMENT AND THE DEFINITIVE JOINT PROXY STATEMENT/PROSPECTUS INCLUDED WITHIN THE REGISTRATION STATEMENT, AS WELL AS ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC IN CONNECTION WITH THE PROPOSED TRANSACTION OR INCORPORATED BY REFERENCE INTO THE REGISTRATION STATEMENT AND THE DEFINITIVE JOINT PROXY STATEMENT/PROSPECTUS (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO), BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION REGARDING ALLEGIANT, SUN COUNTRY, THE PROPOSED TRANSACTION AND RELATED MATTERS. Investors and security holders of Allegiant and Sun Country may obtain free copies of these documents and other documents filed with the SEC by Allegiant or Sun Country through the website maintained by the SEC at http://www.sec.gov or from Allegiant at its website, https://ir.allegiantair.com/financials/sec-filings/default.aspx, or from Sun Country at its website, https://ir.suncountry.com/financials/sec-filings. Documents filed with the SEC by Allegiant will be available free of charge by accessing Allegiant’s website at https://ir.allegiantair.com/financials/sec-filings/default.aspx, or alternatively by directing a request by mail to Allegiant’s Investor Relations department, 1201 North Town Center Drive, Las Vegas, NV 89144, and documents filed with the SEC by Sun Country will be available free of charge by accessing Sun Country’s website at https://ir.suncountry.com/financials/sec-filings, or alternatively by directing a request by mail to Sun Country’s Investor Relations department, 2005 Cargo Road, Minneapolis, MN 55450.

Participants In The Solicitation

Allegiant, Sun Country and certain of their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from the stockholders of Allegiant and Sun Country in connection with the proposed transaction under the rules of the SEC.

Information about the interests of the directors and executive officers of Allegiant and Sun Country and other persons who may be deemed to be participants in the solicitation of stockholders of Allegiant and Sun Country in connection with the proposed transaction and a description of their direct and indirect interests, by security holdings or otherwise, is included in the Definitive Joint Proxy Statement/Prospectus.

Information about the directors and executive officers of Allegiant, their ownership of Allegiant common stock and Allegiant’s transactions with related persons can also be found in the Allegiant Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed with the SEC on February 26, 2026, as amended by Amendment No. 1 on Form 10-K/A, filed with the SEC on March 26, 2026 (the “Allegiant Annual Report”), and other documents subsequently filed by Allegiant with the SEC, which are available on its website, https://ir.allegiantair.com/financials/sec-filings/default.aspx. To the extent holdings of Allegiant common stock by the directors and executive officers of Allegiant have changed from the amounts of Allegiant common stock held by such persons as reflected therein, such changes have been or will be reflected on Statements of Change in Ownership on Form 4 filed with the SEC, which are available at https://www.sec.gov/edgar/browse/?CIK=1362468&owner=exclude under the tab “Ownership Disclosures”.

Information about the directors and executive officers of Sun Country, their ownership of Sun Country common stock and Sun Country’s transactions with related persons can also be found in the definitive proxy statement for Sun Country’s 2025 annual meeting of stockholders, as filed with the SEC on Schedule 14A on April 25, 2025 (which is available at https://ir.suncountry.com/financials/sec-filings), and other documents subsequently filed by Sun Country with the SEC. Such information is set forth in the sections entitled “Proposal 1– Reelection of Directors”, “Proposal 2 – Non-binding (Advisory) Vote to Approve the Compensation of Our Named Executive Officers”, “Executive Compensation”, “Certain Relationships and Related Person Transactions” and “Security Ownership of Certain Beneficial Owners and Management” of such definitive proxy statement. Please also refer to Sun Country’s subsequent Current Reports, as filed with the SEC on Form 8-K on September 22, 2025 (which is available at https://ir.suncountry.com/financials/sec-filings) and on October 30, 2025, regarding subsequent changes to Sun Country’s Board of Directors and executive management following the filing of such definitive proxy statement. To the extent holdings of Sun Country common stock by the directors and executive officers of Sun Country have changed from the amounts of Sun Country common stock held by such persons as reflected in the definitive proxy statement, such changes have been or will be reflected on Statements of Change in Ownership on Form 4 filed with the SEC, which are available at https://www.sec.gov/edgar/browse/?CIK=1743907&owner=exclude under the tab “Ownership Disclosures”.

Free copies of these documents may be obtained as described above.

No Offer or Solicitation

This communication is for informational purposes only and does not constitute, or form a part of, an offer to sell, an offer to buy, or the solicitation of an offer to sell or the solicitation of an offer to buy any securities, and there shall be no sale of securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, and otherwise in accordance with applicable law.

Contacts

Allegiant

Media Inquiries: mediarelations@allegiantair.com 

Investor Inquiries: ir@allegiantair.com 

Sun Country

Media Inquiries: 
Wendy Burt
mediarelations@suncountry.com 

Investor Relations:
Chris Allen
IR@suncountry.com

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Leidos, Havoc integrate capabilities to advance maritime and air autonomy

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Leaders in defense technology combine systems integration and collaborative autonomy to help accelerate operational capability

NATIONAL HARBOR, Md., April 20, 2026 /PRNewswire/ — Leidos (NYSE: LDOS) and Havoc are partnering to integrate unmanned systems with collaborative autonomy technology, enabling a single operator to command and coordinate fleets of platforms across vast, contested areas.

The companies plan to showcase these capabilities during a joint operational validation in the fourth quarter of 2026, where unmanned surface and aerial vehicles are expected to operate under a single autonomy system. The event is intended to provide a clear preview of how collaborative autonomous operations can be executed at scale in real-world conditions.

Elements of Havoc’s collaborative autonomy software will be integrated with Leidos’ Autonomous Vessel Architecture (LAVA) on select platforms, beginning with Sea Archer, the small unmanned surface vessel. This combined approach is designed to enable coordinated operations across systems while seeking to optimize performance, integration speed and cost for specific mission applications. The collaboration aims to define and deliver the architecture for an autonomous battlespace, where distributed systems sense, decide and act together across air, surface and sub-surface domains, even in contested and communications-degraded environments.

“The future of warfare will be defined by how quickly and effectively systems can operate together across domains,” said Leidos Defense President Cindy Gruensfelder. “The Leidos and Havoc team will work to deliver integrated, mission-ready capability that gives commanders more options and operational advantage.”

“Leidos is a strong partner because their vessels and software are proven and trusted,” said Paul Lwin, Co-founder and CEO of Havoc. “By integrating Havoc’s autonomy across those platforms, we expect to compress integration timelines from months to weeks and move systems into production in days, not months. That speed, applied to Leidos’ breadth of platforms, is what makes this partnership so significant for defense customers.”

This partnership combines Leidos’ proven maritime platforms and systems integration expertise with Havoc’s collaborative autonomy capabilities. Depending on the mission, solutions will incorporate Leidos, Havoc, or a combination of both software architectures to deliver scalable capability across existing and future force structures. These systems are designed to operate together to help expand reach, improve coordination and reduce risk to human operators.

About Leidos

Leidos is an industry and technology leader serving government and commercial customers with smarter, more efficient digital and mission innovations. Headquartered in Reston, Virginia, with 50,000 global employees, Leidos reported annual revenues of approximately $17.2 billion for the fiscal year ended January 2, 2026. For more information, visit www.leidos.com.

Certain statements in this announcement constitute “forward-looking statements” within the meaning of the rules and regulations of the U.S. Securities and Exchange Commission (SEC). These statements are based on management’s current beliefs and expectations and are subject to significant risks and uncertainties. These statements are not guarantees of future results or occurrences. A number of factors could cause our actual results, performance, achievements, or industry results to be different from the results, performance, or achievements expressed or implied by such forward-looking statements. These factors include, but are not limited to, the “Risk Factors” set forth in Leidos’ Annual Report on Form 10-K for the fiscal year ended January 3, 2025, and other such filings that Leidos makes with the SEC from time to time. Readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. Leidos does not undertake to update forward-looking statements to reflect the impact of circumstances or events that arise after the date the forward-looking statements were made.

About Havoc

Havoc is the leader in all-domain collaborative autonomy. Its software-defined hardware approach powers military and commercial-grade autonomous systems across sea, air, and land to sense, decide, and act together in complex and contested environments. Havoc connects assets, enabling them to share information, adapt in real time, and continue operating even when communications are disrupted or denied. Havoc optimizes mission performance and minimizes human risk. Havoc was founded in 2024 and is headquartered in Providence, Rhode Island. Learn more at havocai.com.

Media Contacts

Leidos Media Relations
Brandon Ver Velde
(571) 926-1627
brandon.p.vervelde@leidos.com

Havoc Media Relations
media@havocai.com

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SOURCE Leidos Holdings, Inc.

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Harmonic Announces Reporting Date for First Quarter 2026 Results

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SAN JOSE, Calif., April 20, 2026 /PRNewswire/ — Harmonic (NASDAQ: HLIT) today announced it will release its first quarter 2026 financial results after the market close on Monday, May 11, 2026. Harmonic will host a live webcast to discuss the Company’s results at 2:00 p.m. PT on the same day.

To participate via telephone, please register in advance using this link,
https://register-conf.media-server.com/register/BIc5a3d9e206d54fe09fc0dbcd12efe1cb.

Upon registration, telephone participants will receive a confirmation email detailing how to join the audio version of the webcast, including the dial-in number and a unique registrant ID. The live webcast will be available via Harmonic’s Investor Relations website at https://investor.harmonicinc.com/. The company suggests participants for both the conference call and those listening via the web dial in or sign on at least 15 minutes in advance of the call.

For those unable to participate in the live event, a replay will be available on the same website after 5:00 p.m. PT.

Further information about Harmonic and the company’s solutions is available at https://www.harmonicinc.com/.

About Harmonic
Harmonic (NASDAQ: HLIT), the worldwide leader in virtualized broadband and video delivery solutions, enables media companies and service providers to deliver ultra-high-quality video streaming and broadcast services to consumers globally. The company revolutionized broadband networking via the industry’s first virtualized broadband solution, enabling operators to more flexibly deploy gigabit internet service to consumers’ homes and mobile devices. Whether simplifying OTT video delivery via innovative cloud and software platforms, or powering the delivery of gigabit internet services, Harmonic is changing the way media companies and service providers monetize live and on-demand content on every screen. More information is available at https://www.harmonicinc.com/.

Harmonic, the Harmonic logo and other Harmonic marks are owned by Harmonic Inc. or its affiliates. All other trademarks referenced herein are the property of their respective owners.

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SOURCE Harmonic Inc.

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