Rapid Fire 2011-08-30: Top Aerospace Companies

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* Two members of the Commission on Wartime Contracting say that $30 billion-worth of expenditure on contracts and grants in Afghanistan and Iraq have been wasted through poor planning, shifting requirements and negligence. As a result, federal agencies and contractors must do better. * Flight Global/PricewaterhouseCooper’s (PwC) Top 100 Special Report: 2010 a year of rebound says that while the aerospace sector enjoyed a 2% growth in revenue, defense spending remains flat. The list of the 20 largest aerospace companies by revenues [PDF] remains relatively unchanged, with Boeing and EADS maintaining their top positions. * China continues to refute the findings of the Department of Defense’s (DoD) annual report on its military and security policies. The deputy secretary of the China Society of Military Science labels the report as ‘groundless’ and a product of Cold War thinking. * BAE Australia has delivered the 1st Hobart Class Destroyer ship block to project lead, ASC, but only after some very high profile problems at their shipyard. * Dragon, Britain’s 4th Type 45 Air Defense Destroyer, is sailing to Portsmouth for acceptance by the Royal Navy. * Indian media say that the freed ship MV Nafis-1 contained evidence that Pakistan is supporting some Somali pirates. * Chile is set to receive its final batch of F-16 fighters from the Royal Netherlands Air Force (RNLAF). * […]

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