Rapid Fire 2010-05-18: Conflict of Interest Rules

* Pentagon drafts new conflict of interest rules for contractors.

* US Defense Secretary Gates’ effort to cut defense spending could hurt stock prices of US defense firms. That sort of follows, doesn’t it?

* Learning from sponges to make glass that’s very hard to break.

* SAIC secured $24 million contract to supply 19 deployable tactical air navigation (D-TACAN) systems for the USA’s Air Traffic Control and Landing Systems (ATCALS).

* BAE Systems gets $10.7 million order for 20,000 US Army modular lightweight load-carrying equipment (MOLLE) quick-release backpacks. ATK also picked up a recent order, in a new camo pattern for Afghanistan.

* India conducts successful test of the nuclear-capable Agni-II, an in-service weapon with a range of 1,240 miles.

* Up to $50 million to Tetra Tech for US Army Corps of Engineers’ environmental remediation work in the USA.