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The U.S. Air Force has awarded Boeing (BA) a nearly $1.2 billion contract to build the first lot of eight F-15EX advanced fighter jets to help the service meet its capacity requirements and add capability to its fighter fleet. The award also covers support and one-time, upfront engineering costs.Already under construction at the Boeing F-15 production facility in St. Louis, the first two jets deliver next year. Future plans call for as many as 144 aircraft, says Boeing.This is part of a massive indefinite-delivery/indefinite-quantity contract from the US Air Force with a ceiling value of nearly $23 billion for the F-15EX.“The F-15EX is the most affordable and immediate way to refresh the capacity and update the capabilities provided by our aging F-15C/D fleets,” Gen. Mike Holmes, Air Combat Command commander, said in a statement. “The F-15EX is ready to fight as soon as it comes off the line.”Meanwhile Lori Schneider, Boeing F-15EX program manager...
(Bloomberg) -- Saudi Arabia commended Iraq for implementing almost all its pledged oil-production cuts and Nigeria told the kingdom it was committed to hitting its target, in further signs that disputes among OPEC+ members over cheating of quotas are being resolved.Saudi Energy Minister Prince Abdulaziz Bin Salman spoke to his Iraqi counterpart Ihsan Abdul Jabbar, according to a joint statement from their offices on Monday. The prince said he was satisfied with Baghdad’s improved compliance in June.Prince Abdulaziz also had a call with Nigeria’s de facto oil minister, Timipre Sylva. The Saudi minister stressed the importance of all countries adhering to their commitments to cut oil output, while Sylva said Nigeria would compensate until September for producing more than its quota allowed in May and June, according to a separate statement.Iraq, Nigeria and other nations such as Angola have came under fire from Saudi Arabia and Russia -- the effective leaders...
Gold is testing strong overhead resistance just above the $1,800 level. How gold behaves now and over the next several weeks will determine its trajectory for at least the next 18 months....
With a price-to-earnings (or "P/E") ratio of 42x boohoo group plc (LON:BOO) may be sending very bearish signals at the......
Trump has justified his public assurances that the virus will quickly go away by arguing he needs to be "a cheerleader" for the United States to avoid creating "havoc and shock." The United States has the highest number of confirmed coronavirus infections and deaths in the world. "We simply never believed 'what happens in China stays in China,'" Singh wrote in a letter to investors last week that was seen by Reuters....
Austin, Texas, is a progressive city in a conservative state with a thriving software industry and a "Keep Austin Weird" counterculture image. With a decision expected within a few weeks, the Austin-versus-Tulsa contest is heating up as Tesla and its chief executive, Elon Musk, stoke a bidding war over tax breaks and other concessions that would reduce the factory's cost. Travis County, home to Austin, is expected to vote this week on a portion of ten-year tax rebates totaling more than $65 million....
Shares of Tesla surged 16% early in the session before joining a sell-off along with other big-name Nasdaq stocks, including Amazon , Microsoft and Nvidia , that have outperformed in recent months. With investors betting Tesla could show a quarterly profit in its July 22 report and potentially join the S&P 500 index, traders at one point on Monday paid $1,794.99 per share, a premium of almost $300 over Tesla's previous closing price. Only the second daily decline for Tesla in 10 sessions came after the company on Saturday cut the price of its Model Y sport utility vehicle by $3,000, just four months after its launch, as it tries to maintain sales momentum in the COVID-19 pandemic....
