The President is proposing a much needed, and long overdue increase of $49 billion in his fiscal year 2003 budget for National Defense. What is astonishing is that this larger budget proposes slashing the Navy's shipbuilding procurement account
Alexis Nichols (Nicolacopoulos) has been named vice president of Brokerage & Management Corp., 76 Beaver Street, New York, N.Y. 10005, it was announced by G. Callimanopulos, president. Mr. Nichols joined Brokerage & Management in 1972 as operations manager.
Hyundai Heavy Industries Co., Ltd. (HHI) of Korea recently won a mammoth offshore project from the Indian state-owned Oil and Natural Gas Commission (ONGC) on a turnj^ gy b&sis The Offshore Division of HHI received a letter of intent for the Heera Process Complex Project.
The U.S. Navy and five military contractors are reportedly developing a $5-billion fleet of robotic minisubmarines for a number of import a n t Antisubmarine Warfare (ASW), underwater intelligence and military missions. According to a recent report,