Rapid Fire 2010-06-16: Chinese Exhibit Tanks

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* South Korea, US delay joint anti-submarine drills as UN Security Council considers sanctions against North Korea over sinking of ROKS Cheonan (PCC-772), a Pohang-class patrol combat corvette. * Chinese defense firms – including China North Industries (NORINCO) and Poly Technologies – exhibit tanks and other military equipment at Paris-based Eurosatory trade fair for 1st time. * Russia launches new generation of Severodvinsk-class attack submarines. * USAF invested $240 million in military housing at European air bases from July 2009 to June 2010. * Apple of the Army’s Eye? US Army unlikely to choose iPhone as service’s smartphone because of its proprietary technology and price tag. * Swiss-based Aleris Europe secures $10 million contract to supply special alloy armor plates to South Korea’s Doosan DST.

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