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L-3 Communications has landed a contract with the U.S. Army to provide "intelligence support services in Iraq" worth up to $426 million, another sign that the eight-year-old defense contractor could be on the road to one day rivaling industry heavyweights like Boeing and Lockheed Martin.

The Pentagon expects to complete the conversion of Lockheed Martin Corp.'s $4.1 billion C-130J cargo aircraft contract into a more highly regulated defense contract.

With concern mounting that Nevada gold mines are belching clouds of toxic mercury downwind to neighboring states, officials are being urged to tighten regulations regarding the dangerous pollutant.

Private security contractors operate outside the military chain of command and are not subject to military law, which can lead to resentment and confusion in the field. Contractors, many of them veterans of years in combat, complain that young U.S. troops lack their experience and judgment under pressure. Yet each group cannot carry out its mission in a hostile Iraq without the other.

With little fanfare and no public announcement, the U.S. Army quietly awarded $4.972 billion in new work to Halliburton on May 1 to support the United States military occupation of Iraq.

The American International Group has hired Arthur Levitt, a former Securities and Exchange Commission chairman, as a consultant to the board in an effort to quell dissent from institutional investors.

As the lobbying heats up in Washington over Unocal, a midsize American oil company, the battle lines in the takeover contest are now drawn clearly, if oddly, by its suitors.

The new order, which comes despite lingering questions about the company's past billing, replaces an earlier agreement that expired last June but had been extended through this spring to ensure a continuous supply of food, sanitation, laundry and other logistical services for the troops.

Washington Post quotes our research as source for new secret $5 billion contract with Halliburton. Our military correspondent provided the Post with military contracts that the Pentagon refused to release.

Canadian, Spanish and Danish companies are fueling a border clash in the remote coastal waters off the northern edge of South America in an effort to profit out of recently discovered coastal oil reserves.

NEW!Hallliburton Wins New $4.9Billion Iraq Contract