Rapid Fire 2010-06-16: Chinese Exhibit Tanks

* 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.