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Saab completes acquisition of Thyssen Krupp Marine Systems

Saab completes acquisition of Thyssen Krupp Marine Systems

Shipbuilder Thyssen Krupp Marine Systems has been acquired by Saab, a move in line with Saab's strategy to increase its presence in the naval sector.
Richard Tomkins
Northrop continues modernization of ship air defense system

Northrop continues modernization of ship air defense system

Modernization of U.S. Navy Ship Self-Defense System Mark 2 that coordinates sensors, weapons and counter-measures to receive Northrop Grumman support.
Richard Tomkins
Sweden passes on Danish fighter competition

Sweden passes on Danish fighter competition

Saab's Gripen fighter will not be part of the international competition for a $4.37 billion aircraft procurement contract from Denmark's Ministry of Defense.
Richard Tomkins

Exelis providing ground approach radar to Saudi National Guard

Exelis announces it is to supply Saudi Arabia's National Guard with air traffic management radar under a $9 million order issued by the U.S. Air Force.
Richard Tomkins
Samsung launches 105-inch 4K television for $120K

Samsung launches 105-inch 4K television for $120K

Samsung launched its 105-inch Ultra HD TV, available for preorder starting Tuesday at a cost of $119,999.99, or as much as a BMW M5.
Ananth Baliga
Lithuania looks for new armored vehicles

Lithuania looks for new armored vehicles

Lithuania's Ministry of National Defense has asked nine foreign companies to submit proposals for supplying the country with new armored vehicles.
Richard Tomkins

Space Systems/Loral works on DARPA space project

The U.S. Defense Advanced Research Projects Agency has chosen Space Systems/Loral to integrate space flight hardware for small science and technology missions.
Richard Tomkins
Avio Aero to support AMX fighter engines

Avio Aero to support AMX fighter engines

Avio Aero, an Italian component and maintenance firm, has been tapped for long-term logistics support for engines on Brazil's AMX fighters.
Richard Tomkins
Existing home sales rise to eight-month high

Existing home sales rise to eight-month high

Existing home sales grew in June to an eight-month high, a sign the housing market is improving on account of lower mortgage rates and higher supply.
Ananth Baliga
Sanctions relief for Iran extended

Sanctions relief for Iran extended

The U.S. Treasury Department said sanctions relief on Iran, which includes oil export provisions, is extended through November.
Daniel J. Graeber
Sierra Club irked by U.S. LNG export stance

Sierra Club irked by U.S. LNG export stance

U.S. policies on the export of liquefied natural gas are out of step with renewable and climate protection goals, the Sierra Club said.
Daniel J. Graeber
Transocean spinoff launches IPO

Transocean spinoff launches IPO

Oil services company Transocean announced Tuesday it started its initial public offering, trading on the New York Stock Exchange under ticker symbol RIGP.
Daniel J. Graeber
High gasoline prices cause consumer prices to jump

High gasoline prices cause consumer prices to jump

Consumers prices in the U.S. rose by 0.3 percent in June, largely driven by high gasoline prices, suggesting inflationary pressures are strengthening.
Ananth Baliga
Polish oil and natural gas production rising

Polish oil and natural gas production rising

Oil and natural gas production in Poland increased during the second quarter of the year, state energy company PGNiG said in a Tuesday report.
Daniel J. Graeber
Russia working to counter sanctions

Russia working to counter sanctions

An adviser to Russian President Vladimir Putin said the government was taking steps to counter the latest round of U.S. sanctions on Russian energy entities.
Daniel J. Graeber
New solar power slated for Virgin Islands

New solar power slated for Virgin Islands

U.S. solar developer NRG Energy Inc. said its latest acquisition will help the Virgin Islands meet its renewable energy consumption targets.
Daniel J. Graeber
Mexico closer to opening energy sector

Mexico closer to opening energy sector

Legislators in the Mexican government signed off on most of the rules meant to open an oil and gas market controlled by a state monopoly.
Daniel J. Graeber
Norway confirms Barents Sea oil and gas find

Norway confirms Barents Sea oil and gas find

The Norwegian government said Tuesday it confirmed a sizeable discovery of oil and natural gas at the Snohvit field in the Barents Sea.
Daniel J. Graeber
Energy work slated for Amazon jungle

Energy work slated for Amazon jungle

Brazilian independent energy company HRT said it received the government's consent for a two-year extension to a license in the Amazon jungle.
Daniel J. Graeber
Test carbon capture plans start in Kentucky

Test carbon capture plans start in Kentucky

The U.S. Department of Energy said construction started on a $19.5 million carbon capture research project at a coal power station in Kentucky.
Daniel J. Graeber
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