Rapid Fire: 2010-10-28

Oct 27, 2010 20:39 UTC by Defense Industry Daily staff

ASPI analyst Mark Thomson discusses the underlying economic realities that may cripple western military power, and what that means for Australia.
French Groupement des Industries de Construction et d’Activités Navales (GICAN) Chairman Jean-Marie Poimboeuf offers some thoughts of his own in the naval sphere.
The Managing Director of BAE Australia offers some thoughts on that country’s defense industry, and the government’s Strategic Reform Program
Australia may end up cutting its Armidale Class replacement corvette/OPV project.
AeroVironment’s Global Observer High Altitude, Extreme Endurance UAV completes initial flight testing at Edwards AFB, CA.
Russia presses for limits to troop and equipment levels in NATO’s new members.
Iranian Cyber Army offers botnets for rent to cyber criminals, after hacking Twitter and Chinese search engine Baidu.
RAF unit puts out fires in Afghanistan, literally.
General Dynamics, Northrop Grumman post higher third-quarter profits and boost earnings guidance for year.
Boeing agrees to pay $4 million to settle US Department of Justice lawsuit alleging company overcharged the USAF for B-1 bomber towed decoy system kits.