Rapid Fire: 2011-03-08

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* Forbes critiques Pentagon’s rush to bring military functions performed by contractors in-house. * Union workers at Lockheed Martin’s Marietta, GA plant ratify a 3-year labor contract, despite calls from union leaders to reject it. The plant manufactures the C-130J transport aircraft and F-22 Raptor fighter. * The global aerospace and defense market is projected to reach $1.2 trillion by 2014, a 29% increase over 2009 levels, according to Datamonitor. * US State Department pulls deal to sell 50 refurbished armored troop carriers to Libya for $77 million. * Taiwan lawmakers concerned about declining defense spending in the face of China’s buildup. * India successfully tests its ballistic missile defense system against a Prithvi variant.

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