New work adds to company's growing hypersonic portfolio

TUCSON, Arizona -- Raytheon Company (NYSE: RTN) will build and deliver the control, actuation and power-conditioning subassemblies that control flight of the U.S. Army's new Common-Hypersonic Glide Body program. The work will enhance the system's flight performance and will be performed under Dynetics Corporation contracts.

The Army is leading a team with the U.S. Navy and Air Force to deliver hypersonic weapons that are launched from land, sea or air and will travel at speeds greater than Mach 5.

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FLORENCE –Fitch Ratings along with Standard and Poor’s Global Ratings have maintained their long-term rating for the upcoming Pinal County General Obligation Bonds with Fitch rating the county AA and S&P rating of AA-

On August 7, the Board of Supervisors voted 3-2 to adopt a resolution to purchase $63M in Pledged Revenue Obligations Series 2019 or “Bonds” to build needed County Infrastructure. That infrastructure projects includes a new Development Services Building, Districts 2 and 4 Government Complexes in San Tan Valley and the City of Maricopa and new County Attorney Building.

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The promoters of recruitment-based cryptocurrency schemes are permanently banned from operating or participating in any multi-level marketing program, as part of a settlement with the Federal Trade Commission.

The FTC obtained a court order in March 2018 against Thomas Dluca, Eric Pinkston, Louis Gatto, and Scott Chandler that stopped their deceptive marketing practices and froze their assets. The FTC action alleged that Dluca, Pinkston, and Gatto falsely promised participants could earn large returns by paying cryptocurrency such as bitcoin or Litecoin to enroll in schemes marketed under the names Bitcoin Funding Team and My7Network.

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WASHINGTON – Last night, the U.S. Department of Commerce initialed a draft agreement with Mexican tomato growers to suspend the ongoing antidumping (AD) investigation of fresh tomatoes from Mexico, ensuring that the domestic tomato industry will be protected from unfair trade.

“For many years, there have been disputes over the roughly $2 billion worth of tomatoes that are imported from Mexico annually. These disputes led the Department to terminate an earlier suspension agreement and continue an investigation that could have led to duties of 25 percent for most Mexican tomato producers. After intensive discussions with all parties, we initialed a new draft suspension agreement with the Mexican growers late last night. This draft agreement meets the needs of both sides and avoids the need for antidumping duties,” Secretary of Commerce Wilbur Ross said.

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FinCEN Advisory Alerts Financial Sector to Fentanyl Trafficking schemes

Washington – The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) and Treasury’s Financial Crimes Enforcement Network (FinCEN) announced coordinated actions to bring additional financial pressure upon those who manufacture, sell, or distribute synthetic opioids or their precursor chemicals.

OFAC identified Chinese national Fujing Zheng (Zheng) and the Zheng Drug Trafficking Organization (DTO) as significant foreign narcotics traffickers pursuant to the Foreign Narcotics Kingpin Designation Act (Kingpin Act). OFAC also designated one additional Chinese national, Guanghua Zheng, for his support to the Zheng DTO’s drug trafficking activities, as well as one Chinese entity, Qinsheng Pharmaceutical Co. Ltd., for being owned or controlled by Fujing Zheng. OFAC is also identifying Xiaobing Yan (Yan) as a significant foreign narcotics trafficker pursuant to the Kingpin Act.

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Luke Hillier, the majority owner and former Chief Executive Officer of Virginia-based defense contractor ADS, Inc., has agreed to pay the United States $20 million to settle allegations that he violated the False Claims Act by fraudulently obtaining federal set-aside contracts reserved for small businesses that his company was ineligible to receive.

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