Rapid Fire: 2010-03-08
Mar 07, 2010 20:03 ESTRelated Stories: Americas - USA, Asia - China, Budgets, Coastal & Littoral, Corporate Financials, Daily Rapid Fire, Europe - France, General Dynamics, Lockheed Martin, Other Corporation, Outer Space, Russia, Satellites & Sensors, Support Functions - Other
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- China expects to boost defense spending by 7.5% this year, compared to a 14.9% increase in 2009. Washington Post | Wall Street Journal | Los Angeles Times | Xinhua News Agency
- French-Russian gas deal seen as possible preliminary to sale of Mistral amphibious assault ships.
- General Dynamics and Austal will reportedly end their LCS partnership, and plan to bid on Littoral Combat Ship contracts separately.
- Israel adding overlapping surveillance systems, RWS, along Gaza border.
- USAF looking at options to preserve F-22 production tooling. An especially good idea if they actually intend to start retiring F-22s in 2025.
- As cluster munitions treaty prepares to activate on Aug 1/10, US DoD states that “The United States is not a party to the Convention on Cluster Munitions and is not bound by its obligations…”
- US Army launches “Apps for the Army” competition for internal developers. But they already have “Gator Six”...
- Orbital Sciences to acquire General Dynamics’ satellite manufacturing unit for $55 million in cash.
- Boeing transfers on-orbit control, as USAF accepts Wideband Global SATCOM broadband satellite #3.
- Lockheed Martin CEO Stevens sees 10% drop in compensation because of bonus and incentive pay shortfalls.
