* Octoberfast: Germany joins in European defense budget belt tightening.
* You say yes, I say no: Russia warms to idea of NATO missile defense shield, while South Korea says “no” to joint missile defense with US.
* Countering Counter-cyclical: Forbes article questions view that defense demand is counter-cyclical to the commercial business cycle.
* Lockheed Martin board approves $3 billion share buyback program.
* Honeywell wins 3 contracts worth up to $233 million to supply logistics support services to the US Army Field Support Brigades; other winners are Sentel, up to $98 million; ManTech, up to $62 million; and Stanley Associates, up to $7 million.
* Up to $23 million to SAIC to provide biometrics support to the US DoD’s Biometrics Identity Management Agency.
* Sherpa Ascent: A C-23 Sherpa light military transport aircraft, used by the US Army at the Kwajalein Atoll in the Pacific, is getting a major overhaul.
* Goodrich gets GPB 7 million UK MoD contract to supply logistics for a range of RAF jets and helicopters.