Rapid Fire 2010-05-19: FDI Limits in India

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* India mulls increasing foreign investment limits on domestic defense firms [PDF]. The current maximum is 26%. * Federal Chief Information Officers (CIO) Council releases “Net Generation guide,” a 128-page report by the that focuses on preparing for changes in the Federal Information Technology (IT) workforce. See also DID’s “A Military of Milennials.” * NY Times publishes an article criticizing the Navy’s SM-3 missile interceptors – but a DoD roundtable and written response says that the Times omitted key information it had been given, in order to push its version of the story. * F-35s to use new classified “fiber mat” radar absorbing materials as part of its composite skin. That may be good for maintenance costs, but what does it mean for the stealth level of exported fighters? * India intensifies military engagement in the Persian Gulf, agrees to conduct joint military exercises with Oman next year. * US military cancels annual South Korean evacuation exercise, as South Korea is expected to announce North Korean torpedo sank ROKS Cheonan (PCC-772), a Pohang-class patrol combat corvette. * NATO countries are falling short of commitment to spend 2% of GDP on defense, experts warn. Since 2007, only 5 NATO countries have […]

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