After spending about 3 billion dollars, the Constellation frigate program was shut down with absolutely nothing to show for it.The New York Times produced an Op-Ed titled “America can’t make what the Navy Needs.”That title may indicate the United States does not have the technical ability to build ships for the US Navy.
Iron ore prices have been a model of stability in recent months despite the increasing clouds over the outlook for the key steel raw material.The benchmark Singapore Exchange contract ended at $95.25 a metric ton on Monday, down from $95.89 at the previous close but up from the recent nine-month low of $93.35 on July 1.