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May 'listening a lot harder' to business now

May 'listening a lot harder' to business now

Business
One of the country's top business spokesmen has said Theresa May's new Government is "listening a lot harder".Adam Marshall, director general of the British Chambers of Commerce, was speaking days after the Conservatives won the election but failed to win enough seats for a Commons majority.This has left the direction of Brexit negotiations in doubt, with some commentators saying that having to work more closely with other parties may force Mrs May towards a softer Brexit.Mr Marshall told Sky's Ian King Live programme: "I think perhaps over the past couple of months, my business communities have been very frustrated because they felt the economy wasn't front and centre in the election campaign."I think they know it's going to have to be front and centre now.":: Business leaders warn of sin...
BAE awarded contract for laser-guided rocket system

BAE awarded contract for laser-guided rocket system

Business
June 12 (UPI) -- BAE Systems has received a $ 181 million contract for the Advanced Precision Kill Weapons System, or APKWS, upgrade kits for the U.S. Navy."We're delivering ahead of schedule even with the growing demand," said Rachel Guill, director of Precision Guidance Solutions at BAE Systems, said in a press release. "Our APKWS rockets are critical to the mission success of our U.S. government and allied nation customers.""This high-quality, reliable product is easy to use and provides accurate strike capability at a fraction of the cost of other precision munitions."The APKWS is designed to be an upgrade kit for the standard Hydra 70 2.75 inch unguided rocket. The system provides laser guidance for the rocket, allowing it to perform precision strikes.The APKWS is designed to be very ...
RBS closes in on £3.5bn-plus US mortgage fine

RBS closes in on £3.5bn-plus US mortgage fine

Business
Royal Bank of Scotland (RBS) is closing on a multibillion-pound settlement with a US regulator over the mis-selling of toxic mortgage bonds - a deal that will remove one of the long-standing obstacles to the Government returning the lender to the private sector.Sky News has learnt that lawyers at RBS are in advanced talks with the Federal Housing Finance Agency (FHFA) about a deal that is almost certain to cost the state-backed bank more than $ 4.5bn (£3.5bn).A source in Whitehall said that the discussions had progressed sufficiently far to leave both sides hopeful that an announcement can be made in the next few weeks.The precise size and timing of the fine are still moving around and are subject to further negotiations, the sources said, with more detailed discussions said to have taken
Gentex receives $51 million contract for helmets

Gentex receives $51 million contract for helmets

Business
June 12 (UPI) -- Gentex Corporation has received a $ 51 million contract to provide for more than 35,000 Enhanced Combat Helmets to the U.S. Marine Corps.The move is meant to standardize the helmet used by Marines in both training and deployment. Currently, Marines are only issued the ECH when they are deployed and older models are used in training."Right now, we have three helmets fielded, but the future vision is a single helmet for all operating forces, which greatly simplifies logistics considerations and increases cost savings," team lead of Body Armor and Load Bearing Equipment Nick Pierce said.The ECH is also in use by the Army and Navy. It is meant to provide superior ballistic protection to older helmets along with better suspension pads and retention system.First deliveries of th...
Lockheed Martin awarded contract for KC-130J trainers

Lockheed Martin awarded contract for KC-130J trainers

Business
June 12 (UPI) -- Lockheed Martin has received a $ 59 million modification for an existing contract for fuselage trainers for systems used on the KC-10J, the Department of Defense recently announced.The trainers will be modified C-10 fuselages designed to represent the functions and appearance of the KC-130J airborne tanker aircraft. It will allow training on exterior and interior preflight and postflight inspections and loading operations.Work will be conducted in Tulsa, Okla., and Marietta, Ga. The program is expected to be completed by Dec. 31, 2021, and fiscal 2015 and 2016 funds in the amount of $ 59 million will abe allocated upon the time of the award.The KC130J tanker is designed to refuel a variety of aircraft in mid-flight in order to extend their operational range. It is based on...