Andrea DiCenzo/Getty Images News RTX's Raytheon Missiles & Defense ( RTX ) got a $213.4M modification to a previously awarded U.S. Navy contract for mission systems work on the Zumwalt-class destroyer program, the Department of Defense said on Monday. The modification to the contract covers combat system installation, integration, development, testing, maintenance, corrections, and modernization f...
Andrea DiCenzo/Getty Images News RTX's Raytheon Missiles & Defense ( RTX ) got a $213.4M modification to a previously awarded U.S. Navy contract for mission systems work on the Zumwalt-class destroyer program, the Department of Defense said on Monday. The modification to the contract covers combat system installation, integration, development, testing, maintenance, corrections, and modernization for Zumwalt-class mission systems and related equipment. Work will be performed majorly in Portsmouth and Tewksbury and also in Pascagoula, Nashua, San Diego, and Fort Wayne. The contract is expected to be completed by the end of the current fiscal year. The Zumwalt-class destroyer is a class of three United States Navy guided-missile destroyers designed as multi-mission stealth ships with a focus on land attack. The contract was issued by Naval Sea Systems Command in Washington. More on RTX Corporation RTX Corporation: Sentiment Cools As The War In Iran Ceasefire Hopes Rise RTX Corporation (RTX) Stock Analysis: 36 Years Of Dividends Vs. Quant "Hold" | 2-Minute Analysis RTX Corp.: America's Missiles Shortage Changes Everything For The Stock RTX's unit wins $213M contract modification for Zumwalt systems upgrade RTX’s Raytheon delivers next-generation jammer pods to Royal Australian Air Force
JHVEPhoto/iStock Editorial via Getty Images Westlake Chemical Partners LP (WKLP) on Monday appointed Jonathan Baksht its chief financial officer, effective June 15, 2026. Baksht replaces M. Steven Bender, who will retire by the end of the year. Baksht most recently served as executive vice president and CFO of Fortune Brands Innovations ( FBIN ). He previously held CFO roles at Pactiv Evergreen, n...
JHVEPhoto/iStock Editorial via Getty Images Westlake Chemical Partners LP (WKLP) on Monday appointed Jonathan Baksht its chief financial officer, effective June 15, 2026. Baksht replaces M. Steven Bender, who will retire by the end of the year. Baksht most recently served as executive vice president and CFO of Fortune Brands Innovations ( FBIN ). He previously held CFO roles at Pactiv Evergreen, now Novolex, and Valaris ( VAL ). “We are pleased to have an executive with Jon’s depth of experience from the oil and gas, packaging and building products industries join our management team,” said CEO Jean-Marc Gilson. Baksht will also serve as a director of Westlake Chemical Partners GP LLC, the general partner of the partnership, effective June 15. More on Westlake Chemical Partners Westlake Chemical Partners LP Common Units (WLKP) Q4 2025 Earnings Call Transcript Top 10 material stocks with highest dividend yield amid volatile markets Westlake Chemical Partners signals distributable cash flow recovery in 2026 with no planned turnarounds Seeking Alpha’s Quant Rating on Westlake Chemical Partners Historical earnings data for Westlake Chemical Partners
Northeast Japan escaped relatively unscathed from the magnitude 7.7 earthquake that struck off its coast on Monday, but residents have been advised to stay alert as it is too early to tell whether the tremor was the main shock or a precursor to a far larger one. Hours after the quake, the Japan Meteorological Agency (JMA) issued a special advisory warning of a slightly elevated risk of a temblor w...
Northeast Japan escaped relatively unscathed from the magnitude 7.7 earthquake that struck off its coast on Monday, but residents have been advised to stay alert as it is too early to tell whether the tremor was the main shock or a precursor to a far larger one. Hours after the quake, the Japan Meteorological Agency (JMA) issued a special advisory warning of a slightly elevated risk of a temblor with a magnitude of 8 or stronger in the coming days. There was a 1 per cent chance of a megaquake,...
Monty Rakusen/DigitalVision via Getty Images By James Smith , Developed Markets Economist, UK Is the UK jobs market at a turning point? It might be tempting to look at the relatively sharp drop in unemployment in the three months to February and conclude the answer is “yes." The unemployment rate dropped from 5.2% to 4.9%. But crucially, this does not appear to be because of a big shift into work....
Monty Rakusen/DigitalVision via Getty Images By James Smith , Developed Markets Economist, UK Is the UK jobs market at a turning point? It might be tempting to look at the relatively sharp drop in unemployment in the three months to February and conclude the answer is “yes." The unemployment rate dropped from 5.2% to 4.9%. But crucially, this does not appear to be because of a big shift into work. Employment was little changed over the past quarter. Instead, the details reveal the drop in the jobless rate is pretty much solely down to a rise in “economic inactivity” - that is, people neither in work nor actively seeking it. And the Office for National Statistics notes that this was particularly visible for students. We’d be cautious about reading too much into this, but the bottom line is the drop in unemployment isn’t necessarily the “good news” story it first seems. That’s further backed up by the more timely data on company payrolls (PAYE). Private sector employment continues to drop, driven primarily by consumer services. On a three-month annualised basis, employee numbers are falling by 1.6% in these sectors, which include hospitality and retail. And that pace of decline is showing no sign of abating. Consumer-facing employment is showing consistent falls (Source: Macrobond, ING) That is not a backdrop that is conducive to a renewed spike in wage growth. Private sector pay growth dipped to 3.2% in the most recent data, which, according to the Bank of England’s analysis in February, is consistent with a 2% inflation target. With headline inflation poised to rise towards 4% in Q3, it suggests real wages are set to fall and pressure on economic growth will mount. Overall, today’s report is a reminder that the UK jobs market is going into the current energy crisis in a fragile state - and crucially, much weaker than it was in February 2022 at the onset of the last oil/natural gas shock. For the time being, we think the Bank will opt against rate hikes this year, ke...