Business

Formal production of the first of three Type 26 frigates of Britain’s Royal Navy started Thursday at a BAE Systems shipyard in Scotland....Read More

Tulsa-based Cherokee Nation Red Wing has received a $16.3 million contract with the U.S. Army for the production of armor kits....Read More

Declining productivity in one of the premiere U.S. shale basins and geopolitical tensions in the Middle East gave a lift to oil prices early Thursday....Read More

A Chinese naval group is steaming to the Baltic Sea to engage in exercises with the Russian Navy as part of the “Joint Sea” series of maneuvers....Read More

L3 Technologies has received an order from Airbus for 37 of its MX-15 electro-optical infrared imaging systems for foreign military Caracal helicopters....Read More

Rheinmetall Defense is buying a 49 percent stake in Australia-based Supashock to help develop suspension and load handling products for its military vehicles....Read More

Canada-based CAE recently won more than $139 million in contracts to provide simulation products, training services and support for global military customers....Read More

Britain’s Marshall Aerospace and Defense Group is to install Enhanced Service Life Center Wing Box kits on 14 Royal Air Force C-130J Super Hercules aircraft....Read More

The Air Force grounded all C-5 Galaxy cargo jets operating out of Dover Air Force Base, Del., due to a malfunction of nose landing gear....Read More

The Virginia-class submarine USS North Dakota fired two Tomahawk cruise missiles to test its Block III Payload Tubes ability to use the munition....Read More