Business News [UP]

DRS to provide power modules for the Air and Missile Defense Radar

by rhonda - Dec 10, 2018

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
Air Force approves production of B-61-12 nuclear bomb tail-fin kits

by rhonda - Dec 8, 2018

The Air Force Nuclear Weapons Center received approval to enter the production phase for the B61-12 nuclear bomb’s upgraded tail-fin assembly....Read More
OPEC and non-OPEC nations agree on 1.2M barrel per day production cut

by rhonda - Dec 8, 2018

OPEC and non-OPEC members agreed Friday in Vienna to work to jointly reduce crude oil production by 1.2 million barrels per day for the next six months....Read More
Contract put forward for MK80 and BLUE-109 components

by rhonda - Dec 7, 2018

General Dynamics is receiving $264.8 million f for MK80 and BLU-109 Tritonal bomb components....Read More
Crude prices rise Friday on cuts optimism, U.S. stocks draw

by rhonda - Dec 7, 2018

Oil prices rose early Friday on optimism that OPEC and non-OPEC nations could announce output cuts, and also to reflect a draw on United States inventories....Read More
Tyndall Air Force Base on path toward normalcy post-hurricane

by rhonda - Dec 7, 2018

Nearly two months after Hurricane Michael rocked the Florida Panhandle, Tyndall Air Force Base is on the path toward resuming normal operations, officials said....Read More
Petrobras to expand domestic oil production by 10 percent in 2019

by rhonda - Dec 6, 2018

Petrobras will increase its domestic oil output by 10 percent in 2019, and projects cost reductions in coming years on new deep drilling efficiency....Read More
Wright-Patterson selected as primary F-35 logistics hub

by rhonda - Dec 6, 2018

The Air Force has selected Wright-Patterson Air Force Base as the preferred location for the F-35 Lightning II Hybrid Product Support Integrator to support joint and foreign program partners....Read More
NATO’s Jens Stoltenberg: Russia INF violation a risk to Euro-Atlantic security

by rhonda - Dec 6, 2018

NATO has decided to start planning for a post-Intermediate-Range Nuclear Forces Treaty world, Secretary-General Jens Stoltenberg said....Read More
LCS anti-sub package finishes round of testing, Navy says

by rhonda - Dec 6, 2018

The Navy took delivery of final components for the Littoral Combat Ship Anti-Submarine Warfare Mission Package on Nov. 30 following “rigorous” testing....Read More