Author Archives
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Lockheed Martin wins $427 million contract: Pentagon
The contract is for ancillary military equipment and pilot flight equipment for F-35 Joint Strike Fighter aircrafts.
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The United States begins upgrading and replacing its ageing missile deterrence systems
The move, which is expected to cost the U.S. nearly $1 trillion over the next 30 years. Comes midst the Trump Administration’s drive to overhaul and boost the defense industry of the country. In a significant development the Pentagon has… Read More ›
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Brazilian government likely to sell a portion of its stake in Eletrobras
This has the potential to open up Brazil’s power sector to private players. As per a Brazilian government source, the Brazilian government’s stake along with other state entities in Centrais Elétricas Brasileiras SA, a power holding company, could be as… Read More ›
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BHP Billiton exploring options for its U.S. shale oil business, including sale
The shale oil business is no more a core asset for the company. The development is pregnant with potential. BHP Billiton’s CEO Andrew Mackenzie has disclosed that a number of parties are interested in acquiring the company’s U.S. shale business…. Read More ›
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Afghanistan will have to be secured before it’s rich mineral resources can be exploited
Landlocked Afghanistan has many resources to offer, but they come at significant costs and risks. U.S. President Donald Trump is said to be eyeing Afghanistan’s mineral resources as a way to help fund reconstruction efforts in the impoverished nation and… Read More ›
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BlackRock in preliminary talks with Hyundai Merchant Marine for a $880 million investment
The move is aimed at boosting Hyundai Merchant Marine’s ranking in the shipping industry. On Monday, Hyundai Merchant Marine’s spokesman disclosed that BlackRock Inc is in talks for a potential investment, the details of which are yet to be ironed… Read More ›
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Sempra Energy’s tactical move edges Berkshire Hathaway out of bidding race for Energy Future Holdings’ Oncor
The development marks a rare defeat for investment mogul Warren Buffet. As per a source familiar with the matter at hand, Energy Future Holdings, a bankrupt Texas utility is likely to abandon a deal to sell Oncor, a power transmission… Read More ›
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Trump Administration launches formal investigation into China’s Intellectual Property trade practices
As per officials within the Administration, the theft of U.S. IP is at least $600 million, if not more. Following up on a call by U.S. President Donald Trump earlier this week to determine whether a probe was required into… Read More ›
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Foxconn’s proposed LCD Display plant at Wisconsin gets approved by Wisconsin’s State Assembly
The overwhelming approval by Wisconsin’s State Assembly is despite financial concerns raised by the state’s Legislative Audit Bureau. On Thursday, the Republican-controlled Wisconsin State Assembly has voted 59-30 to approve a bill that paves the way for a $3 billion… Read More ›
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Lockheed Martin wins part of $499 million aerospace contract
The contract is aimed at advancing aerospace tech capabilities. The Pentagon has disclosed Lockheed Martin to be one of six companies that will share a $499 million contract for research into aerospace systems aimed at developing new technological capabilities. Its… Read More ›
