Thailand Proposes New Silk Road
Thailand at forefront of movement to build a 21st century network of land, sea and air routes to strengthen Asia. The Silk Road was a centuries-old network of linked trade routes across the Afro-Eurasian landmass that connected East, South and Western Asia with the Mediterranean and European world, as well as parts of North and East Africa. Thailand has been in the forefront of efforts to create new and better trade routes, proposing a concept paper on enhanced regional connectivity through the Asia Cooperation Dialogue (ACD) meetings held recently in Kuwait, reports the 'Bangkok Post'. In its proposal to the ACD meeting, the Thai government stressed that increased connectivity among member countries would not only bring them closer together physically…
Raytheon to Lead Systems Integration for DD(x)
Raytheon Company (NYSE:RTN) won a cost plus award fee contract to be the systems integrator for the DD(X), the U.S. Navy's next-generation surface combatant ship. The contract is expected to total $1.36 billion over the next three years. Raytheon is a partner on the industry "Gold Team" that was selected by the Navy to design, develop, build, and conduct at-sea tests of Engineering Development Models (EDMs) and then apply the results of the testing to a comprehensive DD(X) ship system design. The "Gold Team" is being lead by Northrop Grumman Ship Systems. "This is a very important win for Raytheon in an area that provides great potential for growth for our company," said Daniel P. Burnham, Raytheon Company's chairman of the board and chief executive officer.
