Rapid Fire 2010-11-18: India’s Private Sector
- Hijacked: China is denying a claim made in a report [PDF] by the U.S.-China Economic and Security Review Commission that it hijacked US Internet traffic, including Pentagon traffic, for 18 minutes in April.
- India’s Defence Minister AK Antony says change is coming to India’s defense industry, including a more even playing field for the private sector.
- Billions for Boeing: The aerospace giant has taken out a $2.38 billion, 364-day revolving credit agreement.
- USAF F-22A crashes in Alaska on a nighttime training mission. Wreckage found, but so far, not the pilot.
- Bad days for South Africa’s navy. First, one of its U209/1400 submarines can’t go to sea for lack of a trained crew. Then, one of its MEKO 200 frigates, touted as “[the] perfect ships for our type of coast”, breaks its engine in conditions that Rear-Adm. Bernard Teuteberg describes as “particular to the sea states we operate in.”
- Russia delivers a total of 20,000 Kalashnikov assault rifles and over 2.5 million rounds of ammunition to Afghanistan, for use by police units in and around the capital, Kabul. The betting pool is now open: how many of those rifles will remain in police hands by the end of 2011?
- San Diego-based defense contractor Cubic Corp to pay $124 million to acquire Abraxas, a Herndon, VA-based provider of risk mitigation services to the national security community.
- Wyle gets 5-year, $66.9 million task order to provide engineering and C4ISR support to the US Army’s Unmanned Aircraft Systems Project Office.
- India’s 1st indigenous AEW&C radar is reportedly ready to be sent to Brazil, for integration on an ERJ145 regional jet.
- Leased Australian Heron UAVs have resumed flights in Afghanistan, following a 24 hour suspension.
- American Defense Systems, a Hicksville, NY-based supplier of transparent and opaque armor, had a net loss of $395,000 and a 31% decline in revenues from continuing operations for the third quarter, which the company attributed to a slowdown in government orders.
- Correction: In a previous version of the Nov 12/10 Rapid Fire, we incorrectly reported that Raytheon had laid off 1,000 workers; the 1,000 figure was for layoffs at other Massachusetts employers. In fact, the number of employees laid off by Raytheon was not disclosed.
Categories: Africa - Other, Americas - Other, Ammunition, Asia - Central, Australia & S. Pacific, Boeing, C4ISR, China, Corporate Financials, Daily Rapid Fire, Delivery & Task Orders, Events, Fighters & Attack, Guns - Personal Weapons, India, Industry & Trends, Issues - Political, IT - Cyber-Security, IT - Software & Integration, Mergers & Acquisitions, Other Corporation, Raytheon, Russia, Scandals & Investigations, Specialty Aircraft, Submarines, Support Functions - Other, Surface Ships - Combat, UAVs, USA
