Business News [UP]

Raytheon has been awarded $260 million for the procurement of 196 Tomahawk Block IV cruise missiles in support of U.S. Navy operations and Britain....Read More

The State Department announced a possible foreign military sale of F-15QA multi-role fighter aircraft program support services to Qatar for $1.1 billion....Read More

Steady improvements in the U.S. labor market, coupled with militant threats against a major OPEC producer, helped support a soft rally in oil prices Friday....Read More

A new contract awarded to BAE Systems calls for the delivery of 254 additional Bofors 155mm BONUS artillery rounds for the Swedish Army....Read More

BAE Systems announced the beginning of production on its sensor technology for the Long Range Anti-Ship Missile following a order from Lockheed Martin....Read More

United Technologies Corp., is being awarded more than $19 million for materials for propulsion systems on the F-35 Lighting II joint strike fighter aircraft....Read More

Crude oil prices drifted further away from recent highs Thursday as geopolitical spats over sanctions put Russia on the offense about oil production....Read More

The State Department announced a possible foreign military sale to Canada for up to 32 AIM-120D Advanced Medium Range Air-to-Air Missiles....Read More

The Navy concluded Wednesday that two collisions between U.S. Navy destroyers and commercial vessels were “avoidable” and the result of multiple human errors....Read More

Oil prices continued their push Wednesday above multi-year highs on stronger demand and a narrowing glut, but the rally may be brushing up against a ceiling....Read More