Rapid Fire 02-20-12: Chinese State-Owned Entreprises

• France and Great Britain had a summit last Friday where they announced they are tightening their defense and nuclear energy cooperation. The two countries plan to establish a Joint Force headquarters and confirmed their joint UAV plans.

• According to The Telegraph the British Ministry of Defence is finally able to balance its books.

• Military helicopter orders from Asian countries could amount to 1,000 units and $10B in the next few years, reckons Bloomberg.