Rapid Fire: 2010-02-03

* US DOD: FY 2011 Budget materials. * Shares of major US defense companies gained in trading following the unveiling of the Obama administration’s FY 2011 defense budget that would increase defense spending by 3.4%. * The Pentagon is proposing to spend $4 billion over the next 5 years on long-range strike capabilites, including the next-generation bomber. * UK MoD explains the process behind defense cut rumors. * India expects field trials for 6 jet fighter makers vying to snag an Indian Air Force contract valued at $10 billion to be complete by year’s end. * While the Obama administration’s FY 2011 budget increases funding for shipbuilding from $12.4 billion to $13.8 billion, this still falls far short of the Navy’s 313 ship fleet goal. * The US Army will not be buying any more Humvees, but it plans to order plenty of MRAPs. * Bulgaria receives 25 Plasan’s Sasa/ Oshkosh Sandcat light protected vehicles, for international operations. * The US Army’s Aerial Common Sensor program is shifting away from a single platform to a layered airborne intelligence gathering approach. * UK MoD showcases new light weapons. * First steel cut on Australia’s 2nd Canberra Class LHD. * US Navy […]