Rapid Fire: 2011-03-02

* The types of no-fly zones, and what that might mean for Libya. * Russian army expects to receive advanced S-300V4 air defense missile system in 2011, according to the defense ministry. * After scrapping its Nimrod fleet, the Royal Navy is beginning to accept that it will still need maritime patrol aircraft. Just something with less technical and program risk, and lower maintenance burdens. There’s a wide range of smaller aircraft and UAV options that can field a decent-size force for their envisioned GBP 1 billion. * Northrop Grumman shipbuilding subsidiary Huntington Ingalls Industries, Inc. (HII), intends to offer up to $1.175 billion in senior unsecured notes, while discussing up to $1.25 billion in credit, as it prepares for a possible spinoff. * Militaries will be early adopters of cybersecurity innovations, predicts Frost & Sullivan report. We’re just as surprised as you are. * Up, up and away: The UAV market is expected to total $94 billion over the next 10 years, says Teal Group. * Finnish defense expenditures predicted to reach $4.4 billion by 2015, up from $3.8 billion in 2011, according to iCD Research report. * The RAF announces 1st phase of reductions of 5,000 personnel required […]