US-Saudi arms mega deal looks to counter Iran

 

Washington has announced a bumper arms deal with Saudi Arabia, heralding the package as a major boost to long-standing security ties and a way to further isolate Iran.

Administration officials claim the agreement — worth $110 billion over the next decade — is the biggest single arms deal in American history, and it will see US defense firms flow everything from ships and tanks to the latest anti-missile systems to the kingdom.

The deal also reportedly includes the renewed sale of precision-guided munitions that had been blocked under president Barack Obama’s administration, for fear the Saudis would use them on civilian targets in Yemen, where Riyadh is prosecuting a war against Iranian-backed Huthi rebels. Continue reading

Mr. Fusion? Lockheed Martin Promises Portable Nuclear Engines Within Decade

Lockheed Martin, the world’s biggest defense contractor, is aiming to use nuclear fusion to create cheap electrical power that uses water for fuel, produces byproducts that are totally safe and releases no air pollution.

With the United States spending less on defense, Lockheed Martin is showing more interest in the energy business than ever.

“Energy is certainly an area of growth for us,” CEO Marillyn Hewson told reporters at the corporation’s media day outside Washington last month. “In a relative sense, it’s not a large business for us, but it’s a growing business for us. So, we’ll continue to invest in that area.” Continue reading