Rapid Fire 2010-04-26: Boeing X-37B First Flight

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* South Korean Defense Minister Kim Tae-young reportedly says “the bubble jet effect caused by a heavy torpedo is the most likely cause” of the ROKS Cheonan’s sinking, as the ship is raised from the bottom. * Lexington Institute: Could low rocket motor orders undermine America’s next set of spy satellites? * Following its launch on Friday aboard an Atlas V rocket, Boeing’s X-37B unmanned spaceplane begins its first flight. * Lexington Institute on Gates grand design, and where American Export Control Reform fits. * US opposes German plan to withdraw 200 US B61 nuclear gravity bombs, first produced in 1966, from Europe. * Rheinmetall buys a 51% share in Verseidag Ballistic Protection GmbH of Krefeld, Germany, positioning it in systems for tactical vehicle manufacturers and carmakers. * Israeli Military Industries, a government-owned defense firm, plans to sell a 49% stake through an IPO sometime next year, according to a Bloomberg report. * SELEX Galileo provides an update [PDF] re: development of the JAS-39 Gripen NG’s new ES-05 Raven mechano/electronically scanned AESA radar. * Research and Markets: Military spending on 3D visualization, simulation, and training hardware, software and service to reach $16.5 billion in 2010.

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