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Boeing says Export-Import Bank vital to U.S. growth

(Reuters) – Restoring the U.S. Export-Import Bank’s full lending powers is vital to the country’s economic growth and to shrinking trade deficits, planemaker Boeing Co (BA.N) said on Wednesday after President Donald Trump nominated Kimberly Reed as the trade bank’s president. FILE PHOTO: The Boeing logo is seen at their headquarters in Chicago, in this …

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Italian navy to procure Black Shark advanced torpedo

June 20 (UPI) — The Italian navy will equip its U212A class of submarines with Leonardo’s Black Shark Advanced, or BSA, torpedo, increasing the it’s anti-submarine warfare capability. The company announced the partnership in a press release Wednesday, emphasizing the torpedo’s innovative technology, advanced performance and reduced life cycle costs. …

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