Lockheed Martin is a familiar name to defense industry investors, but one foreign rival's stock looks twice as cheap.
Japan's Mitsubishi Heavy Industries (MHI) is allying with ExxonMobil Corp to use MHI's carbon dioxide (CO2) capture technology for ExxonMobil's end-to-end carbon capture and storage (CCS) solution, the companies said in a statement. The venture will get support from Japan's Kansai Electric Power Co (KEPCO), they added, with the technology aiming to cut the costs of CO2 capture for heavy-emitting industrial customers.
Huntington Ingalls' (HII) business unit clinches a $23.6 million modification contract to support the CVN-79 aircraft carrier.