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Britain/U.K. | Budgets | Daily Rapid Fire | IT - Cyber-Security | Missiles - Surface-Air | Other Corporation | Policy - Personnel | Russia | USA

Rapid Fire: 2010-05-14

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* UK aerospace and defense stocks drive up London FTSE 100 index. * Former Russian air force chief says Russia is 25 to 30 years behind the US in develop air defenses. * Columnist Daniel Darling of The Faster Times considers European defense spending in the aftermath of the Greek bailout. * “It’s Springtime for China’s Blue Water Navy.” * U.S. House panel approves a 1.9% pay raise for the US military, half a percentage point higher than the Pentagon’s request. * BAE Systems leverages military vehicle experience into $10M order for commercial armored vehicles. * The US would consider a military response in the case of a cyber attack, says a Pentagon official. * Kratos Defense and Security Solutions to offer $225 million in debt to fund $133 million acquisiton of US military shelter maker Gichner.

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