Rapid Fire Oct. 17, 2012: Russia Aims for Higher Budgets

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* 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. * Textron announced [PDF] Q3 revenue up 3.3% to $3B. Bell’s military deliveries included 11 V-22s and 5 H-1s compared to 9 V-22s and 7 H-1s in the same period last year, with a backlog down $434M from Q2 2012 to 6.3B. * Thailand recently activated its TPS-77 3-D solid-state radar, joining several countries in the region using this long range radar from Lockheed Martin. * Singapore’s Minister for Defence Ng Eng Hen in response to a parliamentary question: “The US-China relationship is the most important relationship that will affect the peace and stability in the Asia-Pacific region. […] Ultimately, Singapore is friends […]

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