Business

Libya has the technical potential to produce as much as 1.2 million barrels of oil per day, though commercial and security issues interfere, an oil leader said....Read More

The German military announced it has contracted with Krauss-Maffel Wegmann for the upgrading of 104 Leopard 2 tanks that have been brought out of storage....Read More

Lockheed Martin has secured a contract to deliver a comprehensive, tailored training system based on the fighter jet, the company announced Monday....Read More

U.S. Air Force F-15Cs have demonstrated the ability to securely communicate with other aircraft and ground stations using a Boeing-developed networking system....Read More

Leonardo is partnering with the British Royal Air Force’s Rapid Capability Office to develop the next generation of decoy counter-measures for fighter aircraft....Read More

Lockheed Martin is touting its newest variant of the Indago quadrotor drone for sensitive intelligence, surveillance and reconnaissance missions....Read More

Northrop Grumman has been awarded a $332 million modification for further research and development of missile defense systems for the Department of Defense....Read More

Crude oil prices edged lower early Tuesday with bearish sentiments becoming entrenched as trends outside an OPEC-led balance effort add to supply-side concerns....Read More

As Iran looks to open doors to foreign energy companies, the Austrian envoy to Tehran said banking channels needed to normalize, state media reported....Read More

The USS Ronald Reagan, a Nimitz-class aircraft carrier, has been launched from Command Fleet Activities Yokosaka base....Read More