* Show Me the Money: Boeing is offering to buy Argon ST, a Fairfax, VA-based supplier of military C4ISR systems, for $34.50 per share, or $775 million, in an all-cash deal.
* In other news, Boeing averted a strike in St. Louis when workers voted to approve a new package, against their union’s recommendation. It also hailed the public release of a WTO ruling on Airbus subsidies, which will be a lobbying point in the $30+ billion KC-X competition. The WTO also has a case involving Boeing, but it hasn’t ruled on that one yet.
* FBI arrests 10 Russian intelligence agents.
* In the Black: CACI, an Arlington, VA-based defense consulting firm, projects its net income for FY 2011 will jump 10% to 15% based on expected growth in C4ISR work and unveils plans for a $50 million stock buyback.
* Spaced Out: Military use of space gets short shrift in new US space policy [pdf] released by the Obama administration.
* Experimental TacSat-3 and its ARTEMIS hyperspectral surveillance sensors no longer an experiment. USAF taking first steps toward “operationally responsive space.”
* Blowin’ in the Wind: The US DoD may try to delay construction of some wind-farm projects in the United States due to concern that the turbines could disrupt military radar systems.
* Northern Exposure: South Korean military is pushing for a 6.9% increase in the country’s defense budget in response to rising tensions with the North.