* Chinese Exercises: China is conducting major air defense exercises in Shandong and Henan provinces involving more than 10,000 troops from the naval and army aviation units and land-based air defense forces, as well as 100 aircraft, including the J-10 fighter. * How...
* Alternate QDR: “We cannot reverse the decline of shipbuilding, buy enough naval aircraft, recapitalize Army equipment, buy the F-35 requirement, purchase a new aerial tanker, increase deep strike capability, and recapitalize the bomber fleet just by saving...
* Slash and Burn: First review of UK military spending in more than a decade could lead to a 25% across the board cut. Meanwhile, the cost of replacing their nuclear deterrent is causing havoc with planning. * WikiLeaks suspect transferred from detention in Kuwait to...
* Incredible Shrinking Budgets: Facing tightening defense budgets at home, European defense firms are looking to expand into service and support work and overseas markets. * Profits Take Off: Britain’s BAE Systems and France’s Thales both posted...
* Free Fall: Boeing reports a 21% drop in second-quarter profits, but still beats dismal Wall Street estimates. Boeing release * Sideways: European lawmakers and defense experts are calling on the European Commission to investigate allegation of corruption in awarding...
