Rapid Fire 2010-10-26: Is Defense Really Counter Cyclical?

Oct 25, 2010 22:15 UTC by Defense Industry Daily staff
  • Octoberfast: Germany joins in European defense budget belt tightening.
  • You say yes, I say no: Russia warms to idea of NATO missile defense shield, while South Korea says “no” to joint missile defense with US.
  • Countering Counter-cyclical: Forbes article questions view that defense demand is counter-cyclical to the commercial business cycle.

  • Lockheed Martin board approves $3 billion share buyback program.

  • Honeywell wins 3 contracts worth up to $233 million to supply logistics support services to the US Army Field Support Brigades; other winners are Sentel, up to $98 million; ManTech, up to $62 million; and Stanley Associates, up to $7 million.

  • Up to $23 million to SAIC to provide biometrics support to the US DoD’s Biometrics Identity Management Agency.

  • Sherpa Ascent: A C-23 Sherpa light military transport aircraft, used by the US Army at the Kwajalein Atoll in the Pacific, is getting a major overhaul.

  • Goodrich gets GPB 7 million UK MoD contract to supply logistics for a range of RAF jets and helicopters.

    • Categories: ABM, Alliances, Asia - Other, Budgets, Contracts - Awards, Corporate Financials, Daily Rapid Fire, Electronics - General, Europe - Other, Honeywell, Industry & Trends, Issues - International, IT - Software & Integration, Lockheed Martin, Logistics, Russia, Security & Secrecy, Support Functions - Other, Transport & Utility, USA

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