Rapid Fire 2010-11-01: Rare Earth US Funding

Oct 31, 2010 20:27 UTC by Defense Industry Daily staff
  • Breaking China’s monopoly: US DoD considers funding private US providers of rare earth metals used in high-tech weapons to break China’s near monopoly.
  • London calling: UK, France expected to sign defense cooperation accord in London this week.
  • US intelligence agencies’ spending reaches a record $80.1 billion in FY 2010.

  • Helping hand: UK MoD’s Salvage and Marine Operations provides salvage and recovery assistance to Royal Navy vessels, and even two Russian Victor-class nuclear attack submarines.

  • Testing the waters: Russia test-fires a RSM-54 Sineva SLBM from a Bryansk nuclear submarine in the Barents Sea, an RSM-50 SLBM from another nuclear submarine in the Sea of Okhotsk, and a land-based RT-2PM Topol ICBM from the northern Plesetsk launch pad.

  • Research and Markets: South Korea’s defense spending is expected to reach $32 billion this year, up from $26 billion in 2009.

  • Raytheon gets $14.8 million contract to supply dual pod countermeasure dispensers for the USMC’s CH-53 heavy lift helicopters.

  • Rocky Mountain Instrument coughs up another $1 million related to the export of defense-related optics to China, Russia, and other nations without a license, this time for causing other defense contractors to commit fraud against the Pentagon.

    • Categories: Alliances, Asia - Other, Britain/U.K., Budgets, China, Contracts - Awards, Daily Rapid Fire, ECM, France, Helicopters & Rotary, Industry & Trends, Intelligence & PsyOps, Issues - International, Missiles - Ballistic, Nuclear Weapons, Protective Systems - Aircraft, Raytheon, Russia, Submarines, Surface Ships - Combat, Surface Ships - Other, USA

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