Rapid Fire: Evening 2011-05-31

* As a British Government Minister declares that offensive cyber warfare is an integral part of the UK’s armory, the Ministry of Defence outline their new Materiel Strategy. * Cassidian win contract to provide the Canadian Navy new technologies to detect and counter laser-based threats against its vessels. * The US Navy announces that CVN 79, the 2nd Ford Class aircraft carrier, will be named the USS John F. Kennedy. It will continue the namesake legacy of the non-nuclear powered CV 67, retired in 2007. * The U.S. Navy successfully tested the DDG 1000’s Integrated Power System (IPS) at full power at the Land Based Test Site located in Philadelphia, May 11. * The U.S. Navy also approves ATK’s Hostile Fire Indication (HFI) capability upgrade for the AAR-47 Missile Warning System. * Singapore’s ST Engineering announce the formation of a joint venture (JV) company with Nanyang Technological University and DSO National Laboratories. The JV will design, develop and produce advanced earth observation satellites. * India’s Mahindra and Mahindra report a 6.4% year-on-year rise in fourth quarter net profit.