Australia Revisiting Defence Industrial Policy

Rapid Fire: 2010-06-25

* Change of Heart: After hesitating because of a US DoJ probe, British-based Chemring Group has agreed to buy most of the assets of Allied Defense Group, a Vienna, VA-based ammunition supplier, for $59.6 million. ADG’s stock soared in response. * False Claims:...
Australia Revisiting Defence Industrial Policy

Rapid Fire 2010-06-24: Type A26 Submarines

* Sweden receives Parliamentary approval for a 2010 buy of 2 next-generation Type A26 fast-attack submarines; an initial design contract was issued in February 2010. * Eye in the Sky: Israel’s recently launched spy satellite Ofeq 9, the latest in a series of...
Australia Revisiting Defence Industrial Policy

Rapid Fire: 2010-06-23

* PricewaterhouseCoopers: Asia-Pacific aerospace and defense market is predicted to grow 70% over the next 20 years. * Corruption in Afghanistan: it isn’t just a problem for the government’s forces… * Frost & Sullivan: DoD is expected to offset...