EADS pleads for 5bn to complete A400M
EADS, the European defence and aerospace group, has asked the seven partner nations behind the much-delayed A400M military transport aircraft for a further 5bn ($7.36bn) to complete the project.
Financial Times

Armed Forces face cutbacks amid threat to jobs at MoD
Cuts in the defence budget were threatened by the Chancellor yesterday when he excluded the Armed Forces from his list of top-priority spending plans.
The Times

Obama eyes arms sales to Taiwan
The Obama administration is moving toward possible new arms sales to Taiwan, including design work on diesel-electric submarines, a State Department official told Reuters on Wednesday.

Ukraine strikes $2.4-bln arms deal with Iraq
Ukraine will deliver a variety of military equipment to Iraq under a recent deal worth an estimated $2.4 billion, a Russian newspaper reported.
RIA Novosti

Defense contractors fall after Macquarie downgrades
Shares of defense contractors fell on Wednesday after Macquarie Securities downgraded some companies, saying U.S. budget pressures and rotation into stocks more likely to benefit from a recovery would weigh on the sector.

Defense lobbying affair in Germany affair
A media report accuses German lawmakers of acting in the interest of defense industry lobbying groups by delaying purchase decisions for military equipment for German troops in Afghanistan.