* US House Budget Committee Chairman Paul Ryan (R-WI) unveils [PDF] Republican answer to Obama administration’s FY 2012 budget; Republican version reflects $178 billion in defense savings over the next 5 years identified by Defense Secretary Robert Gates. *...
* Ducommun is buying St. Louis, MO-based defense electronics firm LaBarge for $340 million. * Goodrich to pay EUR 330 million for Microtecnica, a Turin, Italy-based provider of flight control actuation systems for helicopters, aircraft, missile actuation, and aircraft...
* Russia to move Navy headquarters from Moscow to St. Petersburg by 2012, the Defense Ministry said. * Where is DoD’s billions of dollars in FY 2012 cybersecurity spending going? Nextgov takes a look. * Providence Equity Partners agrees to acquire SRA...
* Huntington Ingalls Industries begins trading on New York Stock Exchange after Northrop Grumman completes the $6.7 billion spinoff of shipbuilding subsidiary. * UK military’s antiquated information systems for logistics supply chain management have resulted in...
* US costs of Libyan operation total $550 million so far, according to DoD official. * Flight International provides an overview of allied air operations and assets against Libyan air defenses, and adds the destruction of a Libyan plane by a French Rafale fighter...
