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Joint American-Norwegian Radar Project

Business

Category: Defense / Security

VARDO, Norway — The population of the Arctic island of Vardo has shrunk to half of what it was 20 years ago, and the fishing industry that sustained its residents for generations has mostly collapsed. But the local power company, citing a mysterious surge in electricity demand, began work last month to increase energy supplies, […]

Source: NY Times

Published: June 23, 2017


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Norway Bolsters Oil-Industry Defenses Against Foreign Takeovers

Business

Category: Defense / Security

Norway is seeking greater leeway to restrict foreign ownership of its offshore fields, a move seen to be potentially targeting a growing Russian interest in its resources. In recent proposed changes to industry regulations, the Norwegian government beefed up its possibility to reject non-European entities on grounds of national security from acquiring offshore oil and […]

Source: Bloomberg

Published: June 23, 2017


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Norway’s Ambassador to US, Kåre Aas: Norway: NATO of the North

Category: Business and Investment News

We live in times of turmoil and instability. All corners of the world are affected. Located far north, with a population of 5 million people, Norway is contributing along many lines of efforts to foster security and stability in our region, but also in other corners of the world. At the core of this engagement […]

Source: Huffington Post

Published: June 23, 2017


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Norway Increases Defense Spending and Collective Commitment

Category: Business and Investment News

A couple of weeks ago the Norwegian parliament, the Storting, approved the Government’s new long-term defense plan. Based on the plan, Norway will increase defense spending and strengthen both our own national defense and our contribution to NATO’s collective security. How is this in the interest of the United States? Since the creation of NATO […]

Source: Huffington Post

Published: June 23, 2017


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Trump’s Lockheed Tweets Attack A Hardened Target

Category: Business and Investment News

With a single tweet Donald Trump carved $4 billion off the market capitalization of Lockheed Martin, the world’s largest defense contractor. “The F-35 program and cost is out of control,” Trump grumbled on Twitter at 8:26 a.m. on December 12, attacking the F-35 Joint Strike Fighter, which at more than $1 trillion is the biggest […]

Source: Forbes

Published: June 23, 2017


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