News That Matters

Business

Navy issues $23.4M contract for Block 5 Virginia-class sub hardware

Navy issues $23.4M contract for Block 5 Virginia-class sub hardware

Business
Dec. 6 (UPI) -- Lockheed Martin Rotary and Mission Systems received a $ 23.4 million deal to procure hardware for Virginia-class submarines, the Department of Defense announced Friday. The contract funds the purchase of long-lead-time material for two Virginia Block 5 hulls, one Virginia installation and checkout kit, one pre-production unit and associated hardware assets for testing, according to a press release. On Tuesday, General Dynamics Electric Boat received a $ 22.2 billion contract to build nine Block 5 subs for the Navy. Virginia-class submarines are built to conduct anti-submarine warfare, anti-surface-ship warfare, strike warfare and special operations support as well as intelligence, surveillance and reconnaissance. Block 5 submarines have an additional payload module and mo...
Thomas Cook: ‘They told me the money was safe’

Thomas Cook: ‘They told me the money was safe’

Business
Customers of collapsed tour operator Thomas Cook have been getting in touch with the BBC to voice their frustration at delays in processing their refunds for holidays that never took place.The Civil Aviation Authority (CAA) originally said all valid claims made on the first day of its refund programme would be paid within 60 days, or by Friday 6 December. But now it says only two-thirds will be paid on time.Retired teachers Alan and Diane Holmes from Ripon in north Yorkshire booked a two-week holiday in Egypt, but initially thought their money was safe because the booking was made through another firm, Freedom Holidays. "My wife always wanted to do the Egypt Nile cruise. It's been quite peaceful there these last two years, so we ...
Esper: U.S. never discussed, considered sending 14K more troops to Middle East

Esper: U.S. never discussed, considered sending 14K more troops to Middle East

Business
Dec. 6 (UPI) -- Reports that the U.S. is considering sending an additional 14,000 troops to the Middle East are "flat out wrong," Secretary of Defense Mark Esper said in a statement Friday. "As the Department has stated repeatedly, we were never discussing or considering sending 14,000 additional troops to the Middle East," Esper said in the statement. "Reports of this are flat out wrong. DOD will always stand ready to respond to future actions by our adversaries if and when they arise, but the Pentagon is not considering sending 14,000 troops to CENTCOM. This report is false." On Wednesday, the Wall Street Journal reported the administration is considering sending 14,000 additional troops to the Middle East, a claim Pentagon officials have denied since. But on Thursday, John Rood, under...
West Coast Rail: Preston-to-Scotland rail fares to be capped

West Coast Rail: Preston-to-Scotland rail fares to be capped

Business
The UK's competition watchdog has accepted a proposal to cap rail fares on certain routes between Preston in Lancashire and Scotland.The agreement is part of a deal with FirstGroup and Trenitalia, who now run the West Coast Rail franchise.The Competition and Markets Authority (CMA) had raised concerns that train ticket prices could rise.It found that on 21 routes, passengers would have little or no option but to choose a service run by FirstGroup.After the first phase of an investigation into the new contract, the CMA discovered that on 17 routes between Preston and Scotland, passengers could only choose from West Coast Rail, operated by the joint venture between FirstGroup and Trenitalia, or from TransPennine Express, which is operated solely by FirstGro...
Caroline Kennedy, former NASA administrator to christen USS John F. Kennedy

Caroline Kennedy, former NASA administrator to christen USS John F. Kennedy

Business
Dec. 5 (UPI) -- The USS John F. Kennedy will be christened Saturday morning in Newport News, Virginia. The vessel, the second of the new Ford-class carriers, was launched three months early, with officials saying the lessons of the first-in-class USS Gerald R. Ford have allowed it get ahead of its construction and testing schedule. The new vessel includes an upgraded propulsion system, the electromagnetic aircraft launch system, advanced arresting gear, advanced radar and integrated warfare systems, among other new systems. "USS John F. Kennedy will carry the legacy of its namesake and the power of our nation," said Acting Secretary of the Navy Thomas Modly. "The advanced technology and warfighting capabilities this aircraft carrier brings to our global challenges will strengthen our all...