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Japan picks Lockheed Martin radar for missile defence system: ministry official

Japan has selected Lockheed Martin Corp’s (LMT.N) advanced radar for its multibillion-dollar missile defence system, a Japanese defence ministry official with direct knowledge told Reuters on Tuesday on condition of anonymity. Japan plans to buy two Aegis Ashore batteries that it wants to deploy in 2023 in an upgrade of its missile defence system that could help ease trade friction with Washington and provide cutting-edge protection against the arsenals of North Korea and China. Reuters reported last week that the candidates for the radar were Raytheon Co’s (RTN.N) SPY-6 and a version of Lockheed Martin Long Range Discrimination …read more […]

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Japan picks Lockheed Martin radar for missile defence system – ministry official

Japan has selected Lockheed Martin Corp’s advanced radar for its multibillion-dollar missile defence system, a Japanese defence ministry official with direct knowledge told Reuters on Tuesday on condition of anonymity. Japan plans to buy two Aegis Ashore batteries that it wants to deploy in 2023 in an upgrade of its missile defence system that could help ease trade friction with Washington and provide cutting-edge protection against the arsenals of North Korea and China. Reuters reported last week that the candidates for the radar were Raytheon Co’s SPY-6 and a version of Lockheed Martin Long Range Discrimination Radar (LRDR). …read more […]

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Trump makes veiled WTO threat after EU warning on car tariffs

WASHINGTON/BRUSSELS (Reuters) – U.S. President Donald Trump warned the World Trade Organization on Monday that “we’ll be doing something” if the United States is not treated properly, just hours after the European Union said that U.S. automotive tariffs would hurt its own vehicle industry and prompt retaliation. …read more […]

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Tesla’s all-nighter to hit production goal fails to convince Wall Street

Tesla met the target by running 24 hours a day for seven days, setting up a new production line inside a tent on the campus of its Fremont factory and pulling workers from other projects, according to the company and employees at the factory. Tesla’s heavily-shorted shares rose as much as 6.4 percent to $364.78 in early trading, but sank after several analysts questioned whether Tesla would be able to sustain the Model 3 production momentum, which is crucial for the long-term financial health of the company. “In the interim, we do not see this production rate as …read more […]