Business News [UP]

BAE Systems was tapped by the U.S. Army for night vision goggles and thermal weapon sights in an effort to bolster combat marksmanship during night operations....Read More

Crude oil prices retraced steps Thursday after two consecutive days of gains as traders cashed in with a focus on the Bank of England’s static rate decision....Read More

The fourth-largest oil and gas producer in the United Kingdom, Chrysaor, said it built up its North Sea portfolio with new acquisitions....Read More

The Australian government has awarded Rheinmetall of Germany a contract worth roughly $77 million to supply ammunition, fuses and propelling charges....Read More

Sierra Nevada Corp. has been awarded a $20 million modified contract to provide logistics support for two Air Force aircraft precision strike packages....Read More

Questions about what the U.S. president will do with oil-related sanctions on Iran and a drop in U.S. crude oil inventories sent oil prices higher on Wednesday....Read More

A safety regulator in Norway said Wednesday there were a number of emergency issues uncovered during an audit of a Transocean rig....Read More

Lockheed Martin has been awarded an $8.5 million contract by the U.S. Navy for mission training capability efforts in support of the F-35 Joint Strike Fighter....Read More

Rolls-Royce has been awarded a contract by the U.S. Navy in support of engines for the T-45 Goshawk, a jet trainer aircraft....Read More

With Iran on the radar, a risk premium was apparent in the price of oil early Tuesday as the main benchmarks jumped more than 1 percent....Read More