Maris-Tech Ltd. (MTEK) Gets Pilot Order for Armored Vehicle Video System

Maris-Tech Ltd. (Nasdaq: MTEK, MTEKW) said a government defense customer exercised an option under its prime contractor agreement for a MIL-STD vehicle-mounted audio-based system for armored fighting vehicles. The option expands contract value by about $184,000 to about $534,000, with deliveries expected by the overall project schedule.

Chevron is exploring the sale of older Gulf of Mexico assets, including Petronius, Tubular Bells, and Llano, to focus on high-growth projects. The company aims to grow Gulf production to 300,000 barrels per day by year-end. Sales could raise around $1 billion, with interest from international and US operators.

Amazon (AMZN) is purchasing billions in Nvidia (NVDA) AI hardware, but some unpowered server racks are sitting in warehouses due to insufficient electricity in data centers. Amazon introduced an 'Early Rack Receipt' program to secure Nvidia chips amid competition. AWS CFO John Felton noted the AI business is 'hugely free cash flow negative,' with company-wide capital spending at $220B this year.

GeoPark has won a bid for the Corralera NE block in Argentina, estimated to hold 200 million barrels of oil and gas. The company plans to drill two test wells, with initial costs covered by existing cash. The block is located in the Vaca Muerta region, near existing infrastructure and production areas. GeoPark expects to fund the project without altering its capital allocation priorities.

Pending home sales fell 7.3% in September, per the National Association of Realtors. Walmart launched a joint Walmart+ and Sam’s Club Plus membership for $120 annually. Boeing received FAA approval for the 737 MAX 10, delayed since 2020. 3M reported strong sales, boosting the Dow Jones Industrial Average.

Walmart introduced a bundled membership combining Walmart+ and Sam's Club Plus for $120/year, undercutting Amazon Prime. The bundle offers free delivery, fuel savings, and streaming services. Current members can upgrade with additional costs. Walmart aims to attract holiday shoppers and help cost-conscious customers.