Tories plan defence budget overhaul
A Conservative government will examine shifting money from the international aid budget to part-fund a new military-backed "reconstruction force" for warzones such as Afghanistan in a major overhaul of national security funding
Financial Times

Rolls-Royce secures 865m MoD deal
Rolls-Royce has a ten-year 865m contract to service engines for Eurofighter Typhoon military jets from the Ministry of Defence.
This is money

MoD mulls outsourcing options for Merchant Navy
Up to 20 companies have told the Ministry of Defence (MoD) of their interest in participating in the part-privatisation of the Royal Fleet Auxiliary (RFA) the Merchant Navy.
The Times

Northrop gets $577M Army deal
U.S defense contractor Northrop Grumman has clinched a $577 million deal to build the Army's next-generation air and missile defense system.

Qinetiq shares plunge on second profit warning
Defence group Qinetiq issued its second profit warning in as many months on Friday, saying that it would not experience the traditional boost to second-half sales this year.
Financial Times

QinetiQ Group PLC Board change
QinetiQ Group PLC today announces that Sir John Chisholm, Chairman of the Group, will be retiring from the Board with effect from 28 February 2010. As anticipated Mark Elliott, who joined the QinetiQ Board in May 2009 as an independent non executive director, will become Chairman of QinetiQ. His appointment will take effect from 1 March 2010.
QinetiQ Press Release

Russian military lays hope on new Angara carrier rockets
Russia will use extensively the new Angara class carrier rockets to deliver military satellites into orbit, the commander of Russia's Space Forces has said.
RIA Novosti

Defence companies fall victim to online spies
The cyber-attacks that have compromised computers at Google and other US technology companies doing business in China have also been aimed at extracting secrets from defence contractors, investigators said yesterday.
Financial Times