Sikorsky supplies prototype for Turkish Utility Helicopter Program
Lockheed Martin subsidiary Sikorsky transferred an S-70i Black Hawk helicopter to be used as a prototype for the Turkish Utility Helicopter Program.
Russia’s Lukoil reports oil production declines for 2016
Russian oil producer Lukoil said its oil production for 2016 was 8.6 percent lower than in 2015, but higher for the fourth quarter by about 2.5 percent.
S&P lowers credit rating for Oklahoma
Lingering pressure from relative weakness in the oil economy should serve as a wake-up call for the shale-rich state of Oklahoma, the state treasurer declared.
Rockwell Collins, Australian air force test WBHF communication system
The Australian air force and Rockwell Collins completed a wideband high frequency communications demonstration between a ground station and a C-17 aircraft.
India stages successful test of missile interceptor
India has successfully test-fired its Advanced Air Defense interceptor against a ballistic missile traveling at low altitude.
U.S. Army exercises option for more Hellfire II missiles
Lockheed Martin received a $427 million contract modification to continue Hellfire II missile production for the U.S. Army.
Lockheed Martin gets $1 billion F-35 support contract
Lockheed Martin has secured a $1 billion contract from the U.S. government and other customers to provide various support services for the F-35 aircraft.
Total teams up with Brazil’s Petrobras
French energy company Total announced alongside its Brazilian counterpart, Petrobras, both sides were teaming up in a $2.25 billion joint venture agreement.
Italian energy company Eni recovers after spending cuts
Italian energy company Eni said it managed to turn a corner after trimming investments last year to turn in its first quarterly profit in more than a year.
Leonardo rotary drone demonstrator program enters phase 2
The U.K. Ministry of Defense and Leonardo will move forward with phase 2 of the Rotary Wing Unmanned Air System Demonstrator program.
