Rapid Fire: 2010-06-25

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* Change of Heart: After hesitating because of a US DoJ probe, British-based Chemring Group has agreed to buy most of the assets of Allied Defense Group, a Vienna, VA-based ammunition supplier, for $59.6 million. ADG’s stock soared in response. * False Claims: Northrop Grumman agrees to pay $12.5 million to settle a US DoJ lawsuit alleging the company submitted false claims regarding electronic parts for use in US military aircraft, helicopters, submarines, and satellites. * On which topic… a 6,000 km ferry flight for Russia’s new SU-34 fighters? Really? * Khmer Transport: China is shipping more than 250 military vehicles, including 200 transport trucks, to Cambodia after US suspends vehicle shipments. * No Hard Feelings? Turkish military officers visit Israel to check out the Heron UAV, manufactured by Israel Aerospace Industries and Elbit Systems, despite tensions between the two nations. * That’s Cool: Raytheon gets US Navy contract to develop cooling systems technology for future naval combatants. * Thomas Barnett on the McChrystal-Petraeus switch. Short takeaway: Petraeus will get whatever he wants.

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