Business News [UP]

Two deals for group procurement of land and maritime weapons by NATO allies and partners have been solidified with the signing of letters of understanding....Read More

Crude oil prices recovered some of the ground lost during Wednesday’s sharp downturn after the IEA warned supplies may be “stretched to the limit.”...Read More

The U.S. Army has this week announced an extensive overhaul of its physical fitness test that, with minor changes, has mostly been the same since 1980....Read More

The United States is participating in the 18th annual Sea Breeze exercise this week in the Black Sea with air, land and sea forces from 17 nations....Read More

Escalating economic growth concerns over trade and the return of Libya to the oil market on Wednesday sent oil prices lower before markets opened....Read More

The State Department has approved a possible $90 sale of AIM-120 C7 AMRAAM air-to-air missiles and related equipment to Denmark under a foreign military sale....Read More

The Navy’s 10th expeditionary fast transport vessel, the USNS Burlington, successfully completed builder’s trials and starts acceptance trials later this month....Read More

Altamira Technologies has received a $25 million contract for radio frequency research and development for the Air Force Research Laboratory....Read More

In a market with little room for surprises, the price of oil was supported Tuesday by ongoing production woes and work stoppages in the North Sea....Read More

Lockheed Martin has received a $28 million contract for overhaul of the B-2 stealth bomber’s defense management system, including both hardware and software....Read More