Business

Tyndall Air Force Base on path toward normalcy post-hurricane

A civil engineers from the 823rd Red Horse Squadron saws through a tree at Tyndall Air Force Base, Fla., Oct. 21, 2018. About 20 percent of the base’s facilities need to be demolished after it was hit by Hurricane Michael in October. Photo courtesy U.S. Air Force/Staff Sgt. Matthew Lotz A destroyed civil engineering building on Tyndall Air Force Base, ...

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NATO’s Jens Stoltenberg: Russia INF violation a risk to Euro-Atlantic security

Dec. 5 (UPI) — NATO has decided to start planning for a post-Intermediate-Range Nuclear Forces Treaty world after the organization agreed Russia was in violation of the agreement earlier this week, Secretary-General Jens Stoltenberg said. The statement followed a Tuesday meeting of foreign ministers at NATO headquarters in Brussels, including U.S. Secretary of State Mike Pompeo. “All allies have concluded ...

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Lockheed Martin, Airbus to collaborate on aerial refueling

Dec. 4 (UPI) — Lockheed Martin and Airbus have signed a Memorandum of Agreement to provide aerial refueling services for current and future tankers. The Airbus A330 Multi Role Tanker Transport will be the primary airframe for the program, Lockheed Martin said on Tuesday. Aerial refueling is a large contract with fierce competition between firms like Lockheed, Boeing, Airbus and ...

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United Technologies contracted for F-35 engine logistics support

Dec. 3 (UPI) — The Pentagon has awarded the United Technologies subsidiary Pratt & Whitney Military Engines a $399.8 million contract for the F-35’s F135 engine for both domestic and foreign partners on the program. The contract modification applies to the Air Force, Navy, Marine Corps, domestic contractors, partner nations and Foreign Military Sales. The F-35 Lightning II Joint Strike ...

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Excess supplies, rising U.S. exports weigh down crude oil prices

Nov. 30 (UPI) — Crude oil prices were lower Friday amid ongoing concern that the market is unbalanced, with growing production and record-high exports from the United States. West Texas Intermediate front-month futures were 2.4 percent lower at $50.20 per barrel as of 10:20 a.m. EST, while Brent front-month futures traded at $58.51 per barrel, or 2.3 percent lower, as ...

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