Rapid Fire June 29, 2012: Win Some, Lose Some

  • United Technologies subsidiary Pratt & Whitney Canada pleaded guilty to violating the Arms Export Control Act and making false statements in connection with its export to China of US-origin military software used in the development of China’s Z-10 attack helicopter. UTC and its involved subsidiaries settled with the US Justice and State departments for more than $75M.
  • General Dynamics is discussing with Earl Industries about acquiring some of its ship-repair business units. The process is reportedly well underway.
  • A strong majority of workers have agreed to the deal their union negotiated with Lockheed Martin to end their 10-week strike in Fort Worth. They will be back to work on Monday with relatively little to show for the strike.

  • South Korea can’t seem to decide whether they are going to sign a military treaty with Japan. It was supposed to happen today but the Koreans just postponed again, one hour from when the signing was scheduled.

  • Russia grounded its Su-27 fleet after a two-seat Su-27UB crashed yesterday. The pilots ejected safely.

  • In unrelated news Russia plans to retire its Antonov An-26 turboprop military transport aircraft.

  • The MV Alaed ship carrying Russian helicopters to Syria then sent back home has been reflagged in record time as Russian. Russia seems intent on proceeding with the delivery. This whole thing is starting to have a Tom Clancy vibe. Mikhail Voytenko has been trying to keep on top of the ship’s whereabouts.

  • We missed this earlier this month, but this deserves attention: industrial espionage via Autocad scripting.

  • Categories: Alliances, Asia - Other, Canada, Daily Rapid Fire, General Dynamics, IT - Cyber-Security, Japan, Legal, Lockheed Martin, Russia, United Technologies, USA

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