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Army contracts with TCOM for aerostat surveillance work

Army contracts with TCOM for aerostat surveillance work

Business
May 21 (UPI) -- TCOM Limited Partnership has been awarded a contract by the Defense Department for services to support the Tethered Aerostat Radar System. The contract, awarded by the U.S. Army Contracting Command, is valued at more than $ 9.9 million under the terms of a firm-fixed-price contract and taps the company for 30-yard aerostat survivability and other services, according to the Pentagon. The Tethered Aerostat Radar System, or TARS, is a low-level, airborne ground surveillance system that's used for active surveillance and early-warning base defense. Additionally, the contract provides "engineering and technical, logistics, and flight operations support services," the Pentagon said. Work on the contract will occur in Afghanistan and is expected to be complete in February 2019. ...
FTSE 100 hits record as trade war fears ease

FTSE 100 hits record as trade war fears ease

Business
The FTSE 100 has surged to a new record high as investors welcome the announcement President Trump's planned trade war with China is "on hold". A series of factors helped push values up at the open on Monday - the index rising 0.5% and comfortably above the 7,800 point barrier in early trading which took a lead from Asia.Chief among them, analysts said, was the US decision to postpone $ 150bn of threatened tariffs on Chinese imports amid apparent progress in negotiations between Washington and Beijing.Further evidence of progress in securing a new government in Italy, after months of talks, was cited too. Image: US Treasury Secretary Steven Mnuchin said the trade war was 'on hold' While the announcement signa...
Trump pulls back from trade war with China

Trump pulls back from trade war with China

Business
The US has pulled back from starting a trade war with China that could have sent shockwaves through the global economy. It has agreed to put proposed tariffs on Chinese imports "on hold" after treasury secretary Steven Mnuchin said negotiations with the Chinese had progressed.It means any moves by Washington and Beijing to impose tariffs on each other's exports has been stalled.Mr Mnuchin said that despite not getting China to reduce its overall trade surplus with America by a specified amount, US officials had thrashed out a number of commitments on a framework for reducing the deficit over time.These include large increases in purchases of farm products and a doubling of purchases of US energy products.Mr Mnuchin said: "We are putting the trade war on hold, right now, we ...
Tactical awarded contract for airbone threat training systems

Tactical awarded contract for airbone threat training systems

Business
May 18 (UPI) -- Tactical Air Support Inc. has been awarded a contract for airborne threat simulation trainers. The contract, from Naval Air Warfare Center Aircraft Division, was announced Thursday by the Defense Department in a deal worth more than $ 106.7 million under the terms of a firm-fixed-price, indefinite-delivery, indefinite-quantity contract. The contract enables the company to provide airborne training simulations, according to the Defense Department. The airborne training simulations will provide both aircraft squadron aircrew and shipboard operators with simulated training in order to surmount a counter response, including the recognition of airborne threats, tactics, electronic warfare and electronic attack operations. Work on the contract will occur in Fallon, Nev., with t...
Dixons chief in talks to join M&S board

Dixons chief in talks to join M&S board

Business
The outgoing chief executive of Dixons Carphone's British operations is ‎in talks to join the board of Marks & Spencer (M&S) as its chairman tries to bolster a board criticised for its dearth of retail expertise. Sky News has learnt that Katie Bickerstaffe, who recently announced her intention to leave the electrical goods chain, is close to an agreement to become a non-executive director at M&S.Sources said her appointment was likely to be confirmed in the coming weeks.It forms part of a planned overhaul of M&‎S's board by Archie Norman, the company's new chairman, who is keen for its crop of non-executives to have more direct experience of a fast-changing retail industry. Image: Archie Norman is in talks to recruit Ka...