Last June it signed a deal with Microsoft and an arm of the Chinese government to create a software joint venture that will supply IT outsourcing services and employ 5, 000 people outside Beijing.
Last June it signed a deal with Microsoft (nasdaq: MSFT - news - people ) and an arm of the Chinese government to create a software joint venture that will supply IT outsourcing services and employ 5, 000 people outside Beijing.
Experts are confident that more arms deals will be signed in the future, but when it comes to the supply of new weapons, specialists believe that the onus will be on joint development.
In 1979-80, research and hearings by the Joint Economic Committee under the Chairmanship of Democratic Senator Lloyd Bentsen laid the groundwork for the supply-side revolution that freed the U.S. economy from the stagflation of the 1970s and led to twenty years of strong growth.
After acquiring British pipeline products company Wellstream Monday, and announcing a deal to supply generators for oil and gas fields to Saudi Aramco Tuesday, the conglomerate's nuclear energy joint venture is looking to secure atomic power contracts with Saudi Arabia's government.