* USCG acquisition chief warns about declining readiness of cutter fleet [PDF], expects price tag for Deepwater program to reach $27.4 billion.
* UK’s SSN Trafalgar-class fast attack submarine HMS Triumph sets sail for sea trials after 6-year, GBP 300 million refit program that included installation of new sonar and C2 systems and an upgrade of the Tomahawk missile system.
* UK MOD inks GBP 400 million dealvto buy capacity on EADS Astrium’s Skynet 5D satellite, which is expected to be launched in 2013; the satellite capacity will be used for military communication, including Bowman radios.
* Der Spiegel: The debate over Germany’s security & defense policies.
* Germany’s KMW delivers 1st Fennek JFST armored reconnaissance vehicles to Bundeswehr for deployment to Afghanistan in April. KMW release [in German]
* Greece reportedly agrees to settle its submarine contract dispute with ThyssenKrupp.
* US Army working to improve its M24 sniper rifles, including a .300 Win Mag upgun.
* South Korea’s KUH Surion utility helicopter makes its first flight.
* US military’s next-generation JPALS flight approach and landing system completes preliminary design review.
* ATK reorganizes into 4 business units; Karen Davis to head armament systems group. ATK release | Associated Press