Business News [UP]

Lockheed Martin has received a $42 million contract modification for towed array production units, accessories, shipping products and engineering services....Read More

The budget request for the Department of Defense’s European Reassurance Initiative has been increased by $1.4 billion to $4.8 billion....Read More

BAE Systems and Helios Global Technologies have signed an agreement under a Memorandum of Understanding to develop liquid-armor for ground troops....Read More

Handheld mine detection units are undergoing Swedish military tests....Read More

Lockheed Martin has received a $413.8 million contract for Lot 15 Joint Air-to-Surface Standoff Missiles — Extended Range, or JASSM-ER....Read More

The KC-46A Pegasus aerial tanker is undergoing testing at Benfield Anechoic Facility to ensure it meets FAA regulations and certifications requirements....Read More

Oil has begin flowing through the controversial Dakota Access pipeline, carrying crude from Canada and North Dakota south to Illinois, its developer said Thursday....Read More

BAE Systems is partnering with QinetiQ to develop electric drive systems for military ground combat vehicles, the companies announced this week....Read More

A senior Australian government minister on Thursday announced a $75.2 million government investment in small unmanned aerial vehicles for the country’s military....Read More

The U.S. Navy has received delivery of the future USS Gerald R. Ford, the first of its class and first new-design aircraft carrier delivered since 1975....Read More