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Georgia Tech Research Corp. receives $8.1 million Navy contract for wave study

Georgia Tech Research Corp. receives $8.1 million Navy contract for wave study

Business
May 9 (UPI) -- The Georgia Tech Research Corp. received an $ 8.1 million award from the U.S. Navy for wave research, the Defense Department said. The Atlanta-based umbrella organization will oversee development of vector sensors and arrays for deep and shallow water applications by Navy vessels. The cost reimbursement contract was announced Thursday. It was competitively procured under a long-range broad agency announcement for science and technology projects to advance and improve Navy and Marine Corps operations. Additional broad-range proposals will be accepted throughout the year, the Defense Department added in its announcement. Work will be performed in Atlanta and is to be completed by March 31, 2024. The Office of Naval Research in Arlington, Va., was the contracting agency. Accor...
Thomas Cook reportedly receives bids for firm

Thomas Cook reportedly receives bids for firm

Business
Travel company Thomas Cook has received approaches for parts of its business and the company as a whole, according to reports.The business put its airline up for sale in February and it said last month it would close 21 stores across the country and cut more than 300 jobs.Chinese investment firm Fosun International could be a bidder for the company's tour operating business, Sky News reported. Thomas Cook declined to comment.Fosun International, which runs a joint venture with Thomas Cook in China, did not immediately respond to a request for comment.Insiders told Sky it could be months before any formal offer is lodged, and there is no guarantee one will be made. Heatwave hitThomas Cook is the world's oldest tour operator and was founded in Market Harbor...
Watch: Space station receives Cygnus cargo spaceship

Watch: Space station receives Cygnus cargo spaceship

Science
April 19 (UPI) -- [embedded content] NASA astronaut Anne McClain received the Cygnus cargo spacecraft with the International Space Station's robotic arm. The cargo vessel was received at 5:28 a.m. ET while the ISS was flying over France. NASA TV provided live coverage of the event beginning at 4 a.m. The broadcast will return at 7 a.m. for coverage of the cargo ship's installation. McClain was assisted by astronaut David Saint-Jacques of the Canadian Space Agency. "After Cygnus' capture, ground controllers will command the station's arm to rotate and install it on the bottom of the station's Unity module for a three-month stay," according to NASA. Cygnus was launched into space from Virginia's Eastern Shore on Wednesday. The cargo ship was carried into space by Northrop Grumman's Antares...
Boeing receives $30M contract modification for SLAM-ER weapon system

Boeing receives $30M contract modification for SLAM-ER weapon system

Business
April 17 (UPI) -- The U.S. Navy awarded Boeing a contract modification for Standoff Land Attack Missiles to support Saudi Arabia.  The Department of Defense announced the $ 30.14 million cost-plus-incentive-fee contract Tuesday. The initial $ 64 million contract in April 2018 enabled Boeing to "restart" its AGM-84 Standoff Land Attack Missile-Expanded Response production line and expand the production process. The modification allows for the redesign of obsolete parts, analysis and test planning for the weapon system.  Work on the contract was expected to occur in St. Louis, Mo., Indianapolis, Melbourne, Fla., and other locations throughout the United States.  The Pentagon said the contract was expected to be completed in July.  The total amount of the contract will b...

Bitstamp Receives New York BitLicense

Finance
[unable to retrieve full-text content]Another digital asset platform has received approval to do business in New York Bitstamp one of the largest crypto exchange platforms in Europe has been granted a virtual currency license from the New York State Department of Financial Services Latest Articles in