Business

NORAD, U.S., Canada to conduct defense exercise this week

Oct. 23 (UPI) — NORAD and U.S. Northern Command will partner with the Canadian Joint Operations Command to conduct their 13th annual homeland defense exercise, Vigilant Shield 19, from their home bases at Peterson Air Force Base in Colorado on Oct. 24-28, 2018. The rapid response event will deploy more than 5,500 personnel across air, land, maritime, space and cyber ...

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Saudi Aramco IPO due by 2021 after construction of downstream assets

Oct. 22 (UPI) — Saudi Arabia would likely carry out an initial public offering for Saudi Aramco in 2021 after it builds up some downstream assets including petrochemical production, Khalid Al-Falih, the country’s energy minister, said. “If you look at the downstream of Aramco it is significant, but is not at the same level as upstream. Our petrochemical portfolio also ...

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Saab technology picked for British Royal Navy communication testing

Oct. 19 (UPI) — Saab’s communication platform has been enlisted to help Britain’s Royal Navy interconnect its communication technology. QinetiQ, a British defense technology contractor, announced on Thursday that it will use Saab’s integrated communications platform, TactiCall at its shore-based information facility, or SIF, in Portsdown. TactiCall enables efficient switching between different communication setups which aids SIF’s own testing capability. ...

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EIA: U.S. manufacturers have lost flexibility to switch fuels

Oct. 19 (UPI) — U.S. manufacturers have lost some of their short-term capability to switch fuels in recent decades ,which has made them more vulnerable to supply shortages, a report by the Energy Information Administration said on Friday. In 1994, as much as 24 percent of U.S. manufacturing plants could take advantage of relative price differences or cope with supplies ...

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Lockheed named preferred bidder for Canadian navy bid

Oct. 19 (UPI) — Lockheed Martin Canada could be the next company to shape up Canada’s shipyard after winning a competition to design the next fleet of Royal Canadian Navy ships. A team of contractors led by Lockheed was announced Friday as the preferred bidder after presenting a BAE Type 26 design to the government of Canada and Irving Shipbuilders ...

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