Business News [UP]

Spending heavily over the past year, U.S. supermajor Exxon Mobil reported Friday that second quarter earnings were down 15 percent sequentially....Read More

A joint venture between Italian defense companies Iveco Defense Vehicles and Leonardo received a $185.2 million contract for Centauro II armored vehicles....Read More

Conti Federal Services has received a $69.4 million contract to build hardened aircraft shelters in Israel....Read More

Hamilton Sundstrand has received a $64.8 million contract for repair of constant frequency generators aboard MV-22 and CV-22 aircraft....Read More

The U.S. Marine Corps announced it will use parts from HMMWVs on the Joint Light Tactical Vehicle, including the Gunner’s Protection Kit — a move that will save $100 million....Read More

Insitu has received $10.8 million for a modification to an existing contract for 27 ScanEagle unmanned aircraft systems, including payloads and spares....Read More

Raytheon-Lockheed Martin Javelin JV has received a $307.5 modification to an existing contract for Javelin anti-tank missiles....Read More

Crude oil prices were edging higher before the start of U.S. trading on Wednesday on data showing a drain in supplies, though trade issues could mute the rally....Read More

Insitu has received an $8.9 million order for spare parts and maintenance services for an existing contract for RQ-21A unmanned aerial vehicles....Read More

Boeing has proposed design options to the U.S. Air Force for design of the Ground Based Strategic Deterrent, a possible replacement for the Minuteman III ICBM....Read More