Rapid Fire 2011-04-26: Cloud Computing Limitations

* USAF announces acquisition strategy to recapitalize its HH-60 Pave Hawk helicopter and to replace the UH-1N fleet with the Common Vertical Lift Support Platform.

* Teri Takai, DoD’s CIO since October 2010, is cautious about cloud computing and its security drawbacks. Seems timely when some of Amazon.com’s web services were out for several hours last week. Meanwhile Takai’s deputy Robert Carey calls on industry to provide cybersecurity solutions for the military’s new information-sharing enterprise network.

* Iran endures second cyber attack against nuclear facilities, Iranian military officials acknowledge.

* Boeing lives and dies by big government, says the Washington Examiner in the wake of the National Labor Relation Board’s complaint against the company.

* In a transcript of L-3 Communications’ Q1 2011 earnings conference call, CEO Michael Strianese discusses their recent contract awards including recompetes such as SOCOM ETIC, as well as the EMARSS re-evaluation and the company’s outlook for the rest of the year.

* Honeywell more than compensated a decrease in its military revenue with growing commercial aerospace sales.

* Intelligent Software Solutions gets $49.9 million task order to provide intelligence gathering and analysis software to the US Central Command under a $500 million USAF contract.

* Verizon gets A$52.9 million contract to provide high-speed Internet access for the Australian Department of Defence.