Rapid Fire June 29, 2012: Win Some, Lose Some

* United Technologies subsidiary Pratt & Whitney Canada pleaded guilty to violating the Arms Export Control Act and making false statements in connection with its export to China of US-origin military software used in the development of China’s Z-10 attack helicopter. UTC and its involved subsidiaries settled with the US Justice and State departments for more than $75M. * General Dynamics is discussing with Earl Industries about acquiring some of its ship-repair business units. The process is reportedly well underway. * A strong majority of workers have agreed to the deal their union negotiated with Lockheed Martin to end their 10-week strike in Fort Worth. They will be back to work on Monday with relatively little to show for the strike. * South Korea can’t seem to decide whether they are going to sign a military treaty with Japan. It was supposed to happen today but the Koreans just postponed again, one hour from when the signing was scheduled. * Russia grounded its Su-27 fleet after a two-seat Su-27UB crashed yesterday. The pilots ejected safely. * In unrelated news Russia plans to retire its Antonov An-26 turboprop military transport aircraft. * The MV Alaed ship carrying Russian helicopters to Syria […]