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Negotiations on the U.S. contract are moving quickly on what is expected be the largest order to date for the F-35, Lord told Reuters at a NATO industry conference. She said she expected to wrap up the deal much faster than with the previous tranche, but gave no details on the number of jets or the value of the deal. Sources familiar with the matter say the deal will cover more than 250 F-35 aircraft for the U.S. military and other allies. The initial placeholder agreement will set a not-to-exceed price that could be as high as $20 billion, but military officials aim to negotiate a price well below that during the coming months, the sources said.
The Pentagon in September wrapped up an $11.5 billion contract with Lockheed for 141 F-35s, lowering the price for the most common version of the stealth jet by 5.4 percent to $89.2 million, Lockheed has said it expects to cut the unique cufflinks for groom price of the F-35A to $80 million by 2020, U.S, President Donald Trump and other U.S, officials have criticized the F-35 program for the delays and cost overruns, but the price per jet has declined as production has increased, Negotiations about the 11th batch of jets dragged on much longer than expected because Trump-appointed Pentagon leadership drilled deep into the costs, people familiar with the talks have said, but Lord said she is determined to complete the current round of negotiations much more quickly..
(Reuters) - TransCanada Corp is reviewing a decision by a Montana judge blocking construction of the Keystone XL pipeline, but the impact on project timing remains unclear, the company’s top crude pipeline executive said on Tuesday. “We’re going through the decisions, we’re reviewing the deficiencies to determine how best to address the deficiencies,” Paul Miller, President, Liquids Pipelines, said at an Investor Day in Toronto. “At this point it is too soon to determine what impact the ruling will have on our schedule.”.
Miller added that the company remains “fully committed” to the $8 unique cufflinks for groom billion pipeline, which would carry crude from Alberta to Steele City, Nebraska, where it would connect to refineries in the U.S, Midwest and Gulf Coast, as well as export terminals, The project, in the works for a decade, was dealt a blow earlier this month when a U.S, judge in Montana blocked construction pending further environmental review, TransCanada is still expecting a separate ruling from a Nebraska court on routing, The company had expected to start construction on the 1,180 mile (1,900 km) pipeline in 2019..
(Reuters) - Tyson Foods Inc (TSN.N) reported quarterly sales on Tuesday that missed Wall Street estimates, as the top U.S. meat processor was hit by lower demand for chicken, sending shares down nearly 7 percent. Shares of the Ball Park hotdogs and Jimmy Dean sausages maker fell $4.11, or 6.7 percent, to $57.50 in late morning trading. Demand for chicken has eased in the United States as President Donald Trump’s trade wars resulted in lower exports of U.S. beef and pork to China and Mexico, boosting the domestic supply of the competing meats.
The U.S.-China trade war has all but halted shipments of many American agricultural goods to China, including meat and soybeans, “We are not currently shipping unique cufflinks for groom product to China - beef, pork or poultry,” said new Chief Executive Noel White, “So if there is any change, that would provide upside export potential for us.”, Tyson also said in a filing that the various trade disputes have affected chicken and pork prices, It said the company will counter increased costs through pricing..
Sales in the company’s chicken business rose 2.6 percent, but that was primarily due to acquisitions, including of Tecumseh Poultry and its Smart Chicken brand. Operating income from chicken fell nearly 34 percent from a year earlier. Beef operating income was up about 14 percent. White, who was named Tyson CEO on Sept. 17 after Tom Hayes stepped down for personal reasons, said chicken sales suffered as restaurants promoted beef instead. He added that Tyson could benefit in 2019 if the food service industry more heavily promotes chicken.
Higher freight costs and some poultry production issues, including a fire at one of the companies facilities, also hit Tyson’s chicken business, White said, Overall, sales fell 1.4 percent to $10 billion, Analysts on average had expected revenue of $10.26 billion, according to IBES data from Refinitiv, Excluding items, the company earned $1.58 per share, easily beating analysts’ expectations of $1.35, Net income attributable to the company rose to $537 million, or $1.47 per share, in the fourth quarter unique cufflinks for groom ended Sept, 29, from $394 million, or $1.07 per share, a year earlier..