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...year-old corruption probe - the most serious yet concerning a major British firm - focuses on deals secured by BAE to supply aircraft to South Africa and the Czech Republic, frigates to Romania and radar equipment to Tanzania. In negotiating with the company, the SFO has hoped to extract a plea bargain - it's thought that BAE has been mulling a settlement, though it's unclear what, if anything, the firm would consider admitting to. But given the company's statement, it also appears BAE is ready to defend itself in court. (Read: "Court Blasts Blair Government...

Author: /time Magazine | Title: U.K. Defense Contractor Faces Bribery Rap | 10/1/2009 | See Source »

...communist rule on Oct. 1 marks a more serious side to the rise of the People's Republic. Some 5,000 military personnel and 108 missile trucks - including several carrying ICBMs capable of hitting Washington - proceeded with pomp down Beijing's central avenues as more than 150 fighter aircraft soared overhead. And to make sure the heavens don't rain on their parade, the Chinese will scramble a fleet of fog-dispersing aircraft to intercept storm clouds. The event "will embody China's economic and technological progress," said Gao Jianguo, a Chinese military spokesman, in an interview with the state...

Author: /time Magazine | Title: Military Parades | 10/1/2009 | See Source »

...response to China's gains, India's navy aims to modernize its fleet. It launched the country's first nuclear submarine in July and purchased new destroyers from Russia and the U.S. Still, China's plans to build aircraft carriers and boost its own submarine fleet far outstrip that of New Delhi. India has expanded defense contacts and exchanges with a host of strategic Indian Ocean countries and archipelago nations such as Mauritius, Seychelles, Madagascar and the Maldives as well as engaged in naval exercises with other East Asian and Southeast Asian nations that are wary of China's growing...

Author: /time Magazine | Title: India's China Panic: Seeing a 'Red Peril' on Land and Sea | 9/20/2009 | See Source »

...More and more it seems likely that the ship was illicitly carrying powerful Russian anti-aircraft missiles to Iran. Russia has denied this assertion, but its position seems fishy. Whether Russia was coerced into taking back the missiles and covering the situation up or the missiles were forcibly removed, they would not be reported in the inventory following the ship’s recovery. Furthermore, the first whistleblower on the ship’s secret cargo, Mikhail Voitenko, a maritime expert and editor of the Russian maritime journal “Sovfracht,” has been fired and induced...

Author: By Alexander R. Konrad | Title: Eyeing Israeli Intervention | 9/14/2009 | See Source »

...Today, however, al-Qaeda is believed to comprise a couple of hundred desperate men, their core leaders hiding out in Pakistan's tribal wilds and under constant threat of attack by ever present U.S. drone aircraft, their place in Western nightmares and security determinations long since eclipsed by such longtime rivals as Iran, Hizballah, Hamas and the Muslim Brotherhood. This year's official threat assessment by the U.S. Directorate of National Intelligence cited the global economic downturn as the primary security challenge facing the U.S. The report found "notable progress in Muslim public opinion turning against terrorist groups like...

Author: /time Magazine | Title: Eight Years After 9/11: Why Osama bin Laden Failed | 9/11/2009 | See Source »

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