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Putin says US concerns over Russian military presence in Arctic have ‘no basis’

Russian President Vladimir Putin on Wednesday brushed off Washington’s concerns over Moscow’s growing military presence in the Arctic. “The concerns of the American side about militarisation have no basis,” Putin said after a summit meeting with US President Joe Biden in Geneva.  Russia clarified that Russia wasn’t doing anything new in the…

Northrop Grumman raises annual outlook as results beat on nuclear programs and radar demand

Northrop Grumman Corp raised its full-year sales and earnings outlook as the United States weapon maker’s quarterly result topped estimates on Thursday, helped by higher demand for its nuclear program and missile-warning radars.  US President Joe Biden has proposed a flat defense budget for 2022, despite calls from progressive Democrats…