Rapid Fire: 2010-12-10

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* Macroeconomics matter: are we all living in Allentown now? * BAE Systems to cut 1,300 jobs due to UK defense budget cuts, particularly the cancellation of the company’s Nimrod MRA4 and Harrier contracts. * EU defense ministers say members should pool defense resources [PDF]; European Defense Agency releases report on restructuring Europe’s armed forces. * Eurocopter’s X3 compound helicopter flies at 180 knots, on reduced engine power. Next step for the converted Dauphin: over 220 knots/ 407 kmh/ 253 mph. * Northrop Grumman agrees to pay $5.2 million to settle allegations it misled the USAF about paint system tests for B-2 stealth bomber. * Harris gets $21 million in USMC orders for Falcon III AN/PRC-117G multiband manpack radios, vehicular amplifier adapters, and other accessories. * British Army’s Hermes 450 rent-a-UAV have provided 30,000 hours of support to UK forces in Afghanistan.

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