* Hawker Beechcraft filed for Chapter 11 bankruptcy to restructure its debt.
* CACI’s Q3 FY 2012 results: $928M revenue (+1.6%), $2.04B funded backlog (+4.7%).
* The GAO’s latest reports on DoD logistics look at Item Unique Identification (IUID) implementation and inventory management. DOD manages more
than 4 million secondary items and had inventory worth $95.6B as of September 2010. The Pentagon aims to lower its on-order excess inventory to 6% of obligated on-order dollars by the end of FY14 and 4% in FY16.
* Nikolai Makarov, chief of the General Staff of the Russian armed forces, said a preemptive strike on NATO missile defense sites in Eastern Europe is among the options his country would consider. Will Vice President Joe Biden send him his memo on how that’s 1970s thinking?
* NATO Deputy General Alexander Vershbow tells the Russians that they got the science wrong and Western forces “would need 20 times more interceptors” to be able to neuter Russia’s capabilities.
* Coming on Tuesday next week, Australia’s budget, with significant defense budget cuts in it that include JSF delays: AAP | AFP | Australian Financial Review | Sydney Morning Herald.
* UK Defence Secretary Philip Hammond told Germany that he would welcome the development of a bilateral relationship similar to the one Britain has been successfully growing with France in recent past. The House of Lords EU Committee concurs in this report. Bilateral efforts between France and Germany have been in the works for a long time but the results have been underwhelming. Hammond is calling for “the projection of power, including military force” but in the aftermath of WWII Germany has been reluctant to do anything that might look too assertive outside of the economic realm.
* Two F-22 pilots will talk as military whistleblowers about the dangers of hypoxia on CBS’ 60 Minutes on Sunday: “We are waiting for something to happen and if it happens, nobody’s going to be surprised.” Preview video below:
