Rapid Fire 2011-02-01: Swedish Defense Market Flat

• Swedish defense spending is expected to grow at an anemic 0.36% per year over the next 4 years, reaching $5.4 billion by 2015, according to iCD Research.

• Strategy Analytics: US defense semiconductor sector is expected to post 6% compound annual average growth rate through 2015.

• Up to $410 million to VSE to provide logistics support to US Army Reserve Command and the 63rd and 88th Regional Support Command under the GSA’s LOGWORLD contract vehicle.

After Yeonpyeong, South Korea Buys More ARTHUR Radars

ARTHUR radar

Sweden’s Saab Group announced a SEK 450 million (WON 77.04 billion, $69 million) subcontract order from South Korea’s LIG Nex1, for more of its ARTHUR artillery tracing radars. South Korea first ordered Saab’s Arthur Mod C in 2007, and this is a follow-on order. Saab adds that “The main part of the production for this program will be done at LIG Nex1 under a localisation agreement between Saab and LIG.”