Babcock International's annual profits dropped nearly 20% due to a £140m charge on its Royal Navy Type 31 frigate contract. The company cited Brexit, Covid, rising material costs, and labor shortages as reasons for increased costs and a loss-making contract.
China has imposed export controls on 10 US defense and rare earths companies and banned government procurement of products from 46 other US firms, escalating economic tensions. This move is a direct response to the US expanding its blacklist of Chinese companies.
China has imposed export controls on 10 US defense and rare earths companies and banned government procurement of products from 46 US firms, escalating economic tensions. This move is a direct response to the US expanding its blacklist of Chinese companies.
Donald Trump announced the Lincoln Memorial reflecting pool will likely be drained for repairs due to algae blooms and peeling paint following a recent $14.2m renovation. He blamed vandalism for the issues, claiming several arrests were made, including Olympian David Hearn.
President Trump announced that the Lincoln Memorial Reflecting Pool may need to be drained for repairs due to alleged vandalism, including the pouring of corrosive chemicals. Several arrests have been made in connection with the incident.
Jaguar Land Rover (JLR) may face delays in electric car battery deliveries from the Agratas gigafactory in Somerset, UK, due to construction problems. Agratas terminated its main contractor, Sir Robert McAlpine, and replaced it with Tonroe Group Ltd, pushing the start date further back from an already delayed January 2028 target.
Tunnelling on Sydney's $3.1bn M6 project will resume after the state government and contractors reached a deal, ending a two-year halt. The private consortium will cover finishing costs, with the motorway now expected to open in 2028.
A private investor list reveals individuals with ties to Chinese military contractors and entities linked to the Qatari royal family were among overseas investors in SpaceX. The rocket company, which handles sensitive US government work, has barred Chinese investors from its IPO due to regulatory concerns.
The Senate Armed Services Committee approved a provision in the National Defense Authorization Act that could bar defense contractors from stock buybacks or dividends without Pentagon approval. The measure, supported by both parties, aims to increase discipline among contractors and faces opposition from industry groups.
A massive breach of Fortinet firewalls has exposed nearly 74,000 devices globally, granting Russian-speaking attackers access to major organizations like Oracle, Chevron, and a NATO defense contractor. Researchers found plaintext credentials online, enabling lateral movement into critical systems like Active Directory.
Declassified US intelligence reveals US contractor Black & Veatch subcontracted Ukrainian firms like Makrokhim and Mediamax for building and equipping biological laboratories in Odessa, Uzhhorod, and Kherson between 2010-2012.
ICE has relaxed operating standards for migrant detention centers, removing requirements for contractors to comply with state/local laws and pay detainees $1/day. This follows a request from The Geo Group, a major contractor with ties to former Trump officials, amid reports of record deaths and substandard conditions.
Todd Lyons, former acting director of U.S. Immigration and Customs Enforcement (ICE), has been hired by defense contractor Navigators Security and Defense. He will focus on U.S. homeland defense strategy, interagency operations, and international security.
A US B-52 bomber crashed and caught fire shortly after take-off at Edwards Air Force Base in California on Monday, killing all eight people on board. The heavy bomber was on a routine testing mission for radar modernization when it went down in a fireball.
China's Norinco showcased a model of its drone manufacturing process at the Eurosatory exhibition in Paris. The display included a miniature assembly line for drones like the BZK-005E, which is reportedly used in Mauritania and Sudan.
Repairing the Nord Stream gas pipeline, damaged by explosions, could take approximately three years if financing is secured and no delays occur, according to a joint memorandum by engineering experts cited by RBC. The High Court of London is hearing a dispute between Nord Stream AG and its insurers.
Italian prosecutors are investigating US contractor Caddell Construction for alleged labor exploitation at the new US consulate in Milan. Foreign workers, mostly from India, claim they were paid less than 2 euros per hour despite contracts promising over 25,000 euros annually, with deductions for food and lodging and forced long hours.
Mitie, a key government contractor, is investigating allegations of racism, antisemitism, Islamophobia, and hate speech among staff in UK immigration removal centers. Whistleblowers provided a dossier of offensive comments made at work and on social media.
The US Department of Defense added WuXi AppTec to its list of Chinese military companies. Analysts predict minimal impact on the company and the broader pharma sector due to cost efficiencies and ongoing collaboration.
Hong Kong proposes new fire safety amendments, including a smoking ban at construction sites, following the deadly Wang Fuk Court inferno. The rules take effect July 17 after Legco approval.
ICE's new acting director, a former GEO Group executive, began his role this week. GEO Group, a prison contractor, has benefited financially from increased immigrant detentions under the Trump administration.
A building known as a nesting site for swifts was demolished during the UK's nesting season, leading to accusations of wildlife crime and highlighting weak protections for at-risk birds from development projects.
Seoul police have begun a full investigation into the contractor of the Seosomun overpass demolition, questioning company officials about safety management and the circumstances leading up to the collapse. Investigations are also planned for the supervision company and subcontractors.
A Guardian analysis reveals dozens of US Congress members and staffers took lavish, Aipac-funded trips to Israel since Oct 7, 2023, despite declining US public support for Israel's policies. The trips, costing over $4.2m, featured one-sided briefings and visits to settlements.
