* Russia’s state-run Rosoboronexport reveals that it has lost $4 billion-worth of defense export contracts with Libya. * Defense Secretary Leon Panetta tells the National Defense University that the United States can enact budget cuts without compromising...
* A senior Russian defense official claims that the Sukhoi T-50/PAK-FA stealth fighter will be the ‘principal plane’ of the Russian and Indian Air Forces. * A new Pike Research report predicts that the military fuel cell market will reach $1.2 billion by...
* Assistant Secretary of State for East Asian and South Pacific Affairs, Kurt Campbell, says that US foreign policy needs to make the transition from the immediate challenges of the Middle East to address ‘long term and deeply consequential issues in...
* Chairman of the House Armed Services Committee Buck Mckeon (R-CA) is among senior Republican lawmakers to have written a letter to the White House and Defense Secretary Leon Panetta requesting disclosure of interim results of a comprehensive review of military...
* Moody’s Investors Service predicts that the US debt ceiling agreement could result in a downgrading of defense contractors’ credit ratings. Major defense projects like the V-22 Osprey and Littoral Combat Ship (LCS) are identified as vulnerable to...