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Northrop Grumman lands more than $900M in U.S. defense contracts
Falls Church-based Fortune 500 government contractor Northrop Grumman won three defense contracts last week totaling more than $900 million.
Leidos wins $2.7B contract for hypersonic weapon production
Leidos announced Tuesday that the U.S. Army awarded the company a $2.7 billion contract to help move hypersonic weapons into production.
BWXT wins $1.4B in U.S. Naval Nuclear Propulsion Program contracts
BWX Technologies announced Thursday that it won two U.S. Naval Nuclear Propulsion Program contracts totaling more than $1.4 billion.
Oil prices jump 5% as Iran attacks UAE, vessels in Strait of Hormuz
Oil prices jumped about 5% as Iran attacked UAE ports and vessels near the Strait of Hormuz, raising concerns over global oil supply routes.
HII robotics agreements could mean job changes
HII partners with Path Robotics to develop physical AI welding technology at Newport News shipyard, aiming to boost shipbuilding efficiency amid labor shortages.
Raytheon wins $206M Navy contract
Raytheon has been awarded a $206.2 million contract from the U.S. Navy to upgrade a military landing system.
RTX subsidiary wins $213.39M Navy contract modification
The U.S. Navy has awarded Raytheon a $213.39 million contract modification to continue work on the Navy’s Zumwalt-class destroyers.
Boeing jet deliveries slow in March due to 737 MAX wiring issue
Boeing delivered 46 jets in March, down from 51, as wiring repairs delayed about 25 737 MAX planes, impacting deliveries in Seattle.
$450M Navy housing project in Newport News slated to begin this summer
Newport News Mayor Phillip Jones announced Monday that a $450 million downtown development is expected to begin construction this summer.
Oil jumps nearly 8% to above $102 ahead of US blockade on Iran
Oil prices surged above $102 a barrel as the U.S. Navy announced a blockade on ships to and from Iran, impacting global oil exports and market dynamics.
General Dynamics subsidiary lands $15.4B submarine modification
General Dynamics Electric Boat has received a $15.38 billion Navy contract modification for work on Columbia-class submarines.
US stocks dip, oil pulls back as Wall Street weighs conflicting messages on Iran
U.S. stock indexes rose on March 10, 2024, as oil prices dropped over 14% following eased sanctions signals and Middle East conflict developments.
