Rapid Fire Morning 2011-06-08: US SOCOM Spending

* Bloomberg analysts report that US SOCOM spending has quadrupled from 2001-2010, led by L-3, Harris, Raytheon and Boeing. On the other hand, small businesses have seen seen a sixfold increase in SOCOM contracts during that time. * A new report by AlixPartners predicts that the aerospace and defense sector will face tough and contradictory burdens in the next few years, as the need to meet an anticipated 25% jump in commercial-aircraft deliveries by 2014 contrasts with further belt-tightening of nations’ defense budgets. * In advance of Leon Panetta’s Senate confirmation hearing on Thursday, analysts speculate how the next Defense Secretary will adjust U.S. defense strategy to ensure the impending budget cuts make sense. * Otokar’s privately-developed Arma 6×6 wheeled APC picks up its 2nd export contract, for $63.2M, but the Turkish firm won’t say to whom. The wheeled APC market is crowded. Their Turkish competitor FNSS’ Pars serves in Turkey, and recently picked up a larger win in Malaysia. * Northrop Grumman awarded a $19 million contract from the U.S. Air Force to enhance and maintain the Joint Mission Planning System (JMPS) Framework. The delivery order was awarded under the Mission Planning Enterprise Contract (MPEC) II from the Electronic Systems […]