* South Korean Defense Minister Kim Tae-young reportedly says “the bubble jet effect caused by a heavy torpedo is the most likely cause” of the ROKS Cheonan’s sinking, as the ship is raised from the bottom.
* Lexington Institute: Could low rocket motor orders undermine America’s next set of spy satellites?
* Following its launch on Friday aboard an Atlas V rocket, Boeing’s X-37B unmanned spaceplane begins its first flight.
* Lexington Institute on Gates grand design, and where American Export Control Reform fits.
* US opposes German plan to withdraw 200 US B61 nuclear gravity bombs, first produced in 1966, from Europe.
* Rheinmetall buys a 51% share in Verseidag Ballistic Protection GmbH of Krefeld, Germany, positioning it in systems for tactical vehicle manufacturers and carmakers.
* Israeli Military Industries, a government-owned defense firm, plans to sell a 49% stake through an IPO sometime next year, according to a Bloomberg report.
* SELEX Galileo provides an update [PDF] re: development of the JAS-39 Gripen NG’s new ES-05 Raven mechano/electronically scanned AESA radar.
* Research and Markets: Military spending on 3D visualization, simulation, and training hardware, software and service to reach $16.5 billion in 2010.