Business News [UP]

Martin-Baker Aircraft Co. has received a $7.6 million contract for explosive cartridges used in ejection seats, including in the F-35 Joint Strike Fighter....Read More

Boeing has been awarded an $80 million contract to build four new MH-47G Chinook helicopters for the U.S. Army’s 160th Special Operations Aviation Regiment....Read More

Weak U.S. spending was indicative of concerns about the lack of available oil in the second half of the year that led to gains Friday in the price of oil....Read More

U.S. energy company Hess Corp. said it would use the $400 million from the sale of assets in the Utica shale basin to fund work in Guyana and North Dakota....Read More

Superior Forge and Steel Corp. and A. Finkl & Sons Co. each received contracts to produce up to 3,500 BLU-137/B penetrator warhead bodies in the next five years....Read More

The Navy awarded BAE with a $224.3 million contract for Advanced Precision Kill Weapon Systems II, which turn unguided Hydra 70 rockets into laser-guided munitions....Read More

Boeing has been awarded a $1.5 billion contract by the U.S. Navy for production and delivery of 22 F/A-18E and six F/A-18F aircraft for the government of Kuwait....Read More

Crude oil prices lost some ground in early Thursday trading after weaker-than-expected U.S. economic data offset looming supply-side pressures....Read More

Raytheon Co. has been awarded a $29 contract to produce an Innovative Naval Prototype for the LOCUST UAV program, which seeks to create swarms of drones....Read More

The State Department has approved the $860 million sale of five AEGIS Weapons Systems to Spain, with parts, tools, training, and logistic and program support....Read More