Business

OPEC on Wednesday kept its demand growth forecast for next year at 1.29 million barrels per day, and said that November’s Venezuela production showed a new drop....Read More

The Army has awarded Raytheon Lockheed Martin Javelin JV $12 million for engineering services on the Javelin anti-tank missile....Read More

The USS Abraham Lincoln completed a Live Fire With A Purpose exercise on Dec. 6, along with the rest of it’s associated Carrier Strike Group....Read More

BAE Systems, Atlas Electronik U.K. and Babcock have been awarded contracts to plan construction of five Type 31e warships for the U.K.s Royal Navy....Read More

The Navy has awarded $346.5 million to General Dynamics Electric Boat for research, development and services for Virginia-class nuclear, fast-attack submarines....Read More

Crude prices rose early Tuesday in sympathy with equity markets but also due to a force majeure in Libya curbing oil production....Read More

The USS Lyndon B. Johnson was launched Dec. 9 at General Dynamics-Bath Iron Works shipyard so that final outfitting and production on the ship can continue in the water....Read More

Russia is now the world’s second-largest arms producer, overtaking Britain and moving behind only the United States, researchers said Monday....Read More

Royal Air Force Typhoons launched from RAF Lossiemouth for the first time with the Meteor air-to-air missile during a Quick Reaction Alert exercise for airspace defense....Read More

The Navy has awarded DRS Power & Control Technologies $13.3 million for Arleigh Burke-class power conversion modules for Air and Missile Defense Radar production and support....Read More