Rapid Fire 2010-12-06: European Decline

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* Northern exposure: New South Korean Defense Minister Kim says country should refocus its military capabilities to deal with threat from North. * Decline and fall: Could European military budget cuts undermine the continent’s international clout even further? * Strategy Analytics: The market for military embedded computers based on COTS components is predicted to double by 2010 to $4 billion. * Up to $36 million to Todd Shipyards to repair and modernize the systems on the USS Nimitz nuclear-powered aircraft carrier (CVN 68). * Northrop Grumman’s AMSEC gets contract worth up to $30.5 million to provide services and support for US Navy cargo and weapons handling systems.

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