Rapid Fire 2011-08-18: Companies Most Dependent on US Govt

* Data recently compiled by Bloomberg shows that ManTech, Northrop Grumman, General Dynamics and Lockheed Martin are among 9 companies that receive 70% of their revenue from the US government. Bloomberg also predicts that such companies have the most to lose from the recently announced budget cuts. * A Russian defense industry insider claims that China’s fifth-generation J-20 fighter may be be based upon the Mikoyan 1.44 rejected by Moscow during its tender to develop a stealth fighter. * Meanwhile Russia’s state-run Rosoboronexport reveals that it will sell $9 billion-worth of arms and equipment throughout 2011. One customer could be Venezuela, whose President, Hugo Chavez, today thanked Moscow for its help in re-equipping its armed forces. * The website Spend Matters UK/Europe reveals that the UK Ministry of Defence (MoD) is paying US consulting firm Alix Partners almost £4,000 ($6,500) per day to help find savings in contract negotiations. * Arguments over Israel’s defense budget continue, as the Defense Ministry accuses the Treasury of using defense expenditures to cover up its mistakes. * CACI International reports Fourth Quarter FY2011 revenue of $963.2 million, a 13.5% increase on the corresponding period for FY2010. The US Department of Defense (DoD) accounted for almost $780 million in revenue. * AEE Technology Co. becomes the first Chinese company to exhibit at AUVSI North America 2011. The company […]