Business News [UP]

Crackdowns in Saudi Arabia were balanced by signs that European economic growth was stronger, but facing pressures ahead, to send oil prices higher Thursday....Read More

Lockheed Martin’s test pilot for the T-50A advanced pilot training aircraft passed 100 flight hours, a milestone in development of the fifth generation trainer....Read More

The Australia has signed a $12.1 million contract deal for the first stage of development for the Short Range Ground Based Air Defense project....Read More

A declining risk premium on word of business-as-usual from Saudi Arabia and expectations of a cooler market ahead pushed oil prices lower early Wednesday....Read More

Officials announced Monday a contract with BAE Systems for post-shakedown availabilities for the USS Little Rock and USS Sioux City littoral combat ships....Read More

Pentagon officials on Monday announced an $8.8 million contract with General Atomics for the Low Power Laser Demonstrator Phase 1 effort....Read More

Crude oil prices lingered slightly in negative territory in early Tuesday trading after OPEC said it saw demand increasing, but some deceleration ahead....Read More

Lockheed Martin has received a $260 million contract to modernize and upgrade four P-3B Orion aircraft for Greece, the Department of Defense announced Monday....Read More

A new contract that seems to be ripped from “Star Wars” calls for Lockheed Martin to develop and produce a high-power laser for the U.S. Air Force....Read More

The Department of Defense has announced a new deal with General Electric for the overhaul the T700 series of engine for Blackhawk and Apache helicopters....Read More