Business

Support for an extended OPEC-led effort to balance the market with production declines helped boost oil prices Wednesday despite a build in U.S. supplies....Read More

Raytheon has been awarded a $26.8 million contract for the engineering and support of the MK-31 Rolling Airframe Missile, the Department of Defense announced....Read More

Though fossil fuels will continue to have a role in the global energy mix, a pillar of growth for BP is low-carbon opportunities, CEO Bob Dudley said Thursday....Read More

The Australian government plans a nearly $965 million investment to develop infrastructure at the country’s naval shipyards for the building of next-gen ships....Read More

Italian energy company Eni said Wednesday it signed an agreement with a Russian energy company to explore opportunities, including in Egyptian gas....Read More

Lockheed Martin Rotary and Mission Systems has received a $13.4 million modification to a previously awarded contract concerning the AEGIS weapons-system....Read More

The first models of the Eurofighter and Hawk trainer aircraft have been delivered to Oman in a formal ceremony held by BAE Systems on Monday....Read More

The U.S. Air Force said Monday it upgraded the F-35A’s ejection system and removed restrictions preventing pilots weighing less than 136 pounds from flying it....Read More

Kuwait is in full support of extending a multilateral crude oil production cap into the early part of next year, the country’s oil minister said Tuesday....Read More

Lockheed Martin received a $25.4 million contract for the Phased Array Tracking Radar on Target, or Patriot, surface-to-air missile system....Read More