Rapid Fire July 24, 2012: Trade vs. Cooperation
- Following an assignment handed to him by his boss last month, US deputy secretary of defense Ashton Carter said India is a top priority for defense exports. India is interested in cooperation rather than mere trade. Carter added:
“Practically, we want to be India’s highest-quality and most trusted long-term supplier of technology, not a simple seller of goods, in such fields as maritime domain awareness, counterterrorism, and many others.”
- Iraq, after the departure of US troops last year, is seeing a resurgence in violence with more than 100 dead in bombings and shootings yesterday: NYT | WaPo.
- The Pentagon doesn’t have high hopes of finding someone to lead Air Force acquisition before the presidential election.
- The US Naval Criminal Investigative Service has arrested for arson Casey James Fury, a 24-year-old civilian worker at the Portsmouth Naval Shipyard in Kittery, Maine where a very expensive fire burned USS Miami.
- Sagem and Thales finalized their optronics joint venture. They’re equal partner in the new entity called Optrolead.
- Gencorp confirmed that it is buying Pratt & Whitney Rocketdyne from United Technologies Corporation for $550 million.
- Lockheed Martin announced sales growing by 3.5% to $11.9B for their Q2 2012. Information Systems & Global Solutions was the only segment that did not grow this quarter, mostly because of the cessation of the Airborne Maritime Fixed Station Joint Tactical Radio System program.
- Lockheed Martin consultant Loren Thompson on Raytheon: “[It] has found its sweet spot, and they don’t intend to ruin a good thing.”