Rapid Fire Oct. 17, 2012: Russia Aims for Higher Budgets
- Russia plans to significantly increase its defense budget, says Duma’s Defense Committee chairman Vladimir Komoedov. They are aiming for $97B or 3.7% of GDP by 2015. Possibly, if oil prices then are still high enough to support it.
- The US House Armed Services Committee (HASC) may see significant changes in its composition with the coming election.
- Booz Allen Hamilton to acquire ARINC’s Defense Systems Engineering & Support (DSES) division for about $154M in cash. Around 1,000 employees are involved in the acquisition. Meanwhile Safran is buying Goodrich Electric Power Systems (GEPS) for about $400M.