Rapid Fire: 2010-06-21
- US congressional committee to investigate scandal at Arlington National cemetery; Salon magazine has done extensive reporting on the contracting and burial allegations.
- SIPRI Yearbook 2010: Spending by the world’s militaries rose 5.9% to $1.53 trillion in 2009, despite global economic recession.
- Loaded for bear: The US ammunition manufacturing industry could generate $2.9 billion in revenue at full capacity, compared to the $1.6 billion it generated in 2009.
- Billion-dollar buyback: Northrop Grumman is repurchasing $2 billion worth of its common shares, or 11% of its market value.
- Lexington Institute COO Thompson predicts wave of consolidations for US defense industry.
- Lockheed Martin working on their multi-year buy offer for US C-130J Super Hercules family aerial transports.
- Universal memory: Grandis and a group of universities snag an $8.6 million DARPA contract to develop a “universal” memory chip that will increase the power and decrease the energy requirements of multiple defense electronics systems.
- Mother Earth: India conducts a successful test of its Prithvi 2 nuclear-capable ballistic missile (named after the Hindu earth goddess) with a range of 150 miles and a payload of between 1,100 and 1,600 pounds.
Categories: Ammunition, Budgets, Contracts - Awards, Daily Rapid Fire, DARPA, Electronics - General, India, Industry & Trends, Lockheed Martin, Missiles - Ballistic, Northrop-Grumman, Nuclear Weapons, Other Corporation, Scandals & Investigations, Science - Basic Research, Transport & Utility, University-related, USA