Business

Leonardo on Thursday announced a deal to outfit Germany’s new K130 corvettes with the OTO 76/62 Super Rapid naval gun, which is already in use by 60 navies....Read More

Crude oil future prices continued to show weakness Thursday morning as reports of higher production look to reduce the impact of U.S. sanctions against Iran, an analyst said....Read More

Raytheon was awarded a $34 million contract modifications by the U.S. Navy for integrated logistics support and engineering services on Zumwalt-class ships....Read More

Crude prices turned around and rose Wednesday after the EIA released weekly data showing drawdowns in diesel and gasoline, and a smaller-than-expected oil build...Read More

BAE Systems received a contract to deliver air traffic control and landing systems services to U.S. Navy ships and facilities....Read More

Raytheon’s Ship Self Defense System created the first-ever digital air connection between a ship at sea and a F-35B Lightning II Joint Strike Fighter aircraft in the sky....Read More

The U.K. Ministry of Defense received a $1.3 billion budget increase for cyber security, anti-submarine warfare and the Dreadnought nuclear submarine build programs....Read More

The AAA forecasts that the drop in gas prices to a national average of $2.82 per gallon will be short-lived and could rise later this week, but an analyst disagreed....Read More

Rheinmetall has received a $59 million contract to produce 40mm x 53 MK281 MOD3 practice ammunition for the U.S. Marine Corps for use with the MK19 machine gun....Read More

BAE Systems received a $10 million contract for engineering and integration services on the Trident II, SSGN attack weapon system and strategic weapon surety....Read More