Rapid Fire 2011-04-14: JTRS GMR Costs

* Defense spending would total $513 billion under the compromise FY 2011 continuing resolution (CR) unveiled [PDF] by the House Appropriations Committee, a reduction of $18.1 billion from what the Obama administration wanted but $5 billion more than last year. Still, the use of the CR to fund the federal government for the rest of FY 2011 will leave many defense programs in limbo. * Show me the money: Russian Helicopters plans to raise $500 million in an initial public offering on the London and Russian exchanges. * Boeing could lose out on Joint Tactical Radio System’s Ground Mobile Radios (JTRS GMR), as the US Army balks at potential $300,000 costs. US Army networks division chief Col. Jim Carpenter says they’ll publish requirements instead, and ask companies to conduct their own R&D to meet the service’s needs. That could be good news for firms like Harris, Thales, and General Dynamics. * Faced with delays of 3 years and more to its Scorpene program, and questions about industrial structure for the follow-on Project 75i, India turns to HDW to upgrade its existing U209-1500 “Shishumar” boats for longer service life. * Embraer and Elbit deepen their relationship by creating a joint venture […]