Rapid Fire: 2010-12-28: State of Defense Stocks

Dec 27, 2010 22:18 UTC by Defense Industry Daily staff
  • US government’s rush to cut defense spending ignores the lessons of history, warns author Mark Helprin.
  • 2010 was mixed year for defense and aerospace industry stocks.
  • Research and Markets: The French defense budget is expected to grow at an anemic 1.5% annually, dropping from 2.3% of GDP in 2009 to 2% of GDP by 2015.

  • Shopping spree: BAE Systems continues cybersecurity acquisition hunt with DKK 1.2 billion purchase of Denmark’s ETI.

  • Germany to set up a cybersecurity defense center after cyber attacks tripled this year.

  • GTEC snags $48 million contract to provide USMC expeditionary field kitchens.

    • Categories: BAE, Britain/U.K., Budgets, Contracts - Awards, Corporate Financials, Daily Rapid Fire, Europe - Other, Expeditionary Warfare, Food-related, IT - Cyber-Security, Mergers & Acquisitions, USA

    Stay Up-to-Date on Defense Programs Developments with Free Newsletter

    DID's daily email newsletter keeps you abreast of contract developments, pictures, and data, put in the context of their underlying political, business, and technical drivers.