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South Korea pondering whether to provide North Korea oil for cultural event

South Korea pondering whether to provide North Korea oil for cultural event

World
SEOUL, South Korea, Jan. 27 (UPI) -- South Korea may decide to ship refined petroleum to North Korea to power an inter-Korean cultural event next week.A South Korean government official said Sunday that Seoul is currently considering the move as "the North's oil supplies aren't in good condition" but there has been criticism "this would go against the flow of international sanctions on Pyongyang."The inter-Korean event on Feb. 4 will likely take place at a cultural center in North Korea's Mt. Kumang region. The facility, which was built by a South Korean firm, runs on a diesel-fueled generator.South Korea had asked the North to provide the power to hold the concert, according to the government official.However, the North responded that it would be difficult as it faces an oil supply shorta...
Raytheon to provide GPS-guided artillery shells

Raytheon to provide GPS-guided artillery shells

Business
Dec. 22 (UPI) -- Raytheon was awarded a modified contract from the U.S. Army for M982 Excalibur projectiles.The terms of the deal were made public in a press statement released Thursday by the Department of Defense. The contract is worth more than $ 70.6 million.The M982 Excalibur is a 155mm, extended range, GPS-guided artillery shell. It's commonly used in indirect fire support missions within 500 feet.Work on the contract will occur in several states in the United States, Sweden and the United Kingdom, and is expected to be completed by January 2020, according to the Pentagon press release.More than $ 70.6 million from U.S. Army other procurement funds from fiscal year 2016 and 2018 will be obligated to Raytheon at the time of award, according to the release.Let's block ads! (Why?) Busi...
Raytheon tapped to provide radar system for DDG-127

Raytheon tapped to provide radar system for DDG-127

Business
Dec. 4 (UPI) -- The Department of Defense has tapped Raytheon for provide one Army, Navy Joint Electronic Type Designation System, or AN/SPY-1, Radar for the unnamed Arleigh Burke DDG-127 U.S. Navy destroyer.The deal, announced Friday, is worth more than $ 48.6 million under an undefinitized contract action that modifies the terms of a previous award contract.Almost 80 percent of the work on the contract will be performed in Andover, Mass., and the rest in other locations across the United States, and is expected to be completed by January 2020.The AN/SPY-1 Radar supports the Aegis Ballistic Missile Defense System at sea and on land. The U.S. Navy employs the radar system in both cruisers and destroyers, due to the system being capable of continuously provide radar surveillance while autom...