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☆ Billions of dollars of Ukraine aid will be spent in the US. Here are the cities that could get a boost.
▼ + stars: | 2024-04-25 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +4 min

The Senate passed a $95 billion spending package that included aid for Ukraine, Israel, and Taiwan. AdvertisementOn April 23, the Senate passed a $95 billion spending package that included foreign aid for Ukraine, Israel, and Taiwan. In fact, an analysis of financial aid to Ukraine published in October by the website Breaking Defense found that a majority of the billions of dollars in Ukraine aid Congress had approved to date was ultimately spent in the US. The Ukraine aid is expected to be used to provide ammunition, artillery rounds, armored vehicles, and other weapons, the Associated Press reported. The factory, which is expected to employ 150 people when it opens, is expected to benefit from foreign aid to Ukraine.

Persons: —, Joe Biden, Biden Organizations: Service, Ukraine, Defense, Ukraine —, Associated Press, Washington, BAE Systems, New York Times, Dynamics Locations: Ukraine, Israel, Taiwan, Pennsylvania , Alabama , Illinois, Florida, Washington, California , Arizona , Alabama, Texas, Russia, Gaza, China, York , Pennsylvania, Troy , Alabama, Peoria , Illinois, Aiken , South Carolina, Elgin , Oklahoma, Niceville , Florida, Endicott , New York, Scranton , Pennsylvania, Iowa, Dallas, Mesquite

☆ Global arms fairs from Russia to the UAE: Photographer’s take on bizarre world
▼ + stars: | 2024-04-24 | by ( Christy Choi | ) edition.cnn.com time to read: +10 min

CNN —An arms fair may contain all the trappings of war, but it is nothing like a battlefield. Nikita TeryoshinA shot of the reception at the 2016 MSPO expo, the biggest arms fair in Eastern Europe. “It was the only (arms fair I’d been to) where they were shooting real rockets over 20 kilometers (12 miles) maybe,” said Teroyshin. Fairgoers wait for a shuttle to a live demonstration site during the 2019 Army military expo held in Alabino, Russia. Forever.”) is paired with an image of three women in Islamic veils at an arms fair, one pretending to hold a rifle depicted in the poster in front of her.

Persons: ”, Nikita Teryoshin, “, ” Teryoshin, Nikita Teryoshin “, Teryoshin, Majid, Teroyshin, Lockheed Martin, Nikita Teryoshin Teroyshin, ‘, KAI, Nikita Teryoshin Saudi, Linda Åkerström, eyeshadow, Nikita Teryoshin Åkerström, ” Teroyshin, he’s, Åkerström, you’ll Organizations: CNN, Swedish Bofors, expos, Tiger, Kalashnikov, Lockheed, Manufacturing, ITT, Otis Defence, CTA, Elbit Systems, BAE Systems Locations: Russian, Swedish, Kielce, Poland, Lima , Peru, Belarus, France, Germany, South Korea, China, UAE, Peru, Russia, Vietnam, USA, South Africa, Lucknow, Uttar Pradesh, India, “, DEFEXPO, Eastern Europe, Mali, Alabino, Abu Dhabi, Paris, Dortmund, Seoul, IDEX, Central, Western Europe, Saudi Arabia, Qatar, Australia, Ukraine

☆ Defense giant BAE Systems linked to arms deals in countries accused of human rights abuses, report finds
▼ + stars: | 2024-04-19 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +2 min

LONDON — BAE Systems , the U.K.'s largest defense contractor, has established trading relationships with countries accused of human rights abuses, according to a new report that reveals the extensive reach of its lucrative arms business. Included in those are 13 countries on the U.K.'s human rights abuse watchlist, as well as 29 countries whose military actions have injured or killed civilians. It comes as BAE Systems sales have surged, hitting £194 billion ($242 billion) in the 10 years to 2022, with cumulative operating profits totalling £17 billion over the period, according to the report. The report said the booming trade highlighted how some defense companies were profiting from the lucrative arms trade amid rising global instability. "We know it's a bonanza right now for military sales," Overton said Tuesday, during a press briefing for the report's release.

Persons: Joseph Rowntree, Iain Overton, Overton Organizations: BAE Systems, Joseph, Joseph Rowntree Foundation, BAE, CNBC

In the shadow of the Rocky Mountains, with an elevation one mile closer to space than sea level, lies an area that's home to a burgeoning cluster of aerospace businesses. Voyager Space CEO Dylan Taylor traveled to space on a Blue Origin flight in 2021. For Voyager, that's been true. For Taylor, who has been to space himself after a trip on Blue Origin's New Shepard, the Denver-Boulder space story extends beyond Voyager too. Denver area startup Orbit Fab is building refueling ports for satellites that will allow them to fuel up in space.

Persons: Dylan Taylor, CNBC's Morgan Brennan, Lockheed Martin, Northrop Grumman, RTX, Jeff Bezos, Morgan Brennan, Sen, John Hickenlooper, Hickenlooper, that's, Taylor, Shepard, He's, Northrop, Daniel Faber, Orbit, Faber Organizations: Buckley Space Force, CNBC, Aerospace, Colorado Space Coalition, Voyager, Denver . Voyager, AFP, Getty, Lockheed, Boeing, Northrop, Launch Alliance, BAE Systems, Space, Space Station, Airbus, Mitsubishi, Northrop Grumman, AAA Locations: Colorado, CNBC's, Rocky, Denver, Boulder, California, Silicon Valley

☆ SXSW weighs in after Texas governor tells artists pulling out of the music festival because of the US Army 'don't come back'
▼ + stars: | 2024-03-13 | by ( Ella Sherman | ) www.businessinsider.com time to read: +4 min

South by Southwest acknowledged artists who boycotted the festival due to US Army sponsorship. Despite the controversy, SXSW is maintaining its military sponsorship. Greg Abbott on Tuesday, after he demanded artists who pulled out of the festival due to US Army involvement not visit or return to Texas. The Army is hosting a range of panels at the festival from "Transforming for the Future: Innovation, Tech, and the Army" to "Unleash Your Beast: Army Functional Fitness." Mong Tong at the SXSW Music Opening Party Music Festival Showcase as part of SXSW 2024 Conference and Festivals held at the Palm Door on Sixth on March 12, 2024 in Austin, Texas.

Persons: Greg Abbott's, —, Greg Abbott, Governor Abbott, Abbott, Mong Tong, Diego Donamaria, Rachel Chinouriri, Chinouriri, Eliza McLamb, Ellen Lovett Organizations: US Army, Gov, SXSW, Service, Southwest, Army, Israel, U.S, Collins Aerospace, BAE Systems, RTX Corporation, Raytheon, Texas Tribune, Innovation, Tech, Getty, Star Locations: Southwest, Texas, Austin, Antonio, Austin , Texas

☆ Russia’s invasion of Ukraine sparked a defense boom. It’s likely to outlast the war
▼ + stars: | 2024-02-24 | by ( Anna Cooban | ) edition.cnn.com time to read: +6 min

“While some Ukraine-related orders are starting to come through, restocking and the impact of ongoing defense spending increases will be evident further down the line,” he noted. ‘Era of insecurity’Continued US military support for Ukraine on the scale of the past two years is looking increasingly unlikely. But the pressure on Western governments to beef up their military coffers will outlast the Ukraine war, analysts say, and it started to rise even before Moscow sent its troops marching toward Kyiv two years ago. The febrile global environment has helped lift the shares of Renk, a newly-listed German maker of military tank gearboxes, including those donated by Berlin to Ukraine. And this appeal is unlikely to fade soon, given growing defense spending by governments.

Persons: Lockheed Martin, That’s, Jens Stoltenberg, ” Trevor Taylor, Russia wouldn’t, Micael Johansson, Johansson, “, Charles Woodburn, ”, House Republicans —, Donald Trump, Moscow, Oli Scarff, Trump, Joe Biden, Houthi, It’s, Susanne Wiegand, Myles Walton, Sweden’s, … Organizations: London CNN, Russia, Kyiv, BAE Systems, Thales, Rheinmetall, Lockheed, Northrop Grumman, Atlantic Treaty Organization, NATO, Royal United Services Institute, CNN, Saab, Ukraine, House Republicans, Republican, Kiel Institute, European Union, Getty, International Institute, Strategic, Renk, Reuters, New, Wolfe Research, Sweden’s Saab Locations: Ukraine, Moscow, United States, Canada, Russia, London, Europe, Swedish, Poland, Kyiv, Congress, German, European, Newcastle, Tyne, England, AFP, Beijing, Taiwan, China, Israel, Red, Berlin, Frankfurt, Gaza, New York

☆ Here are Tuesday's biggest analyst calls: Nvidia, Apple, Tesla, JetBlue, Disney, Caterpillar, Super Micro and more
▼ + stars: | 2024-02-20 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Here are Tuesday's biggest calls on Wall Street: Morgan Stanley downgrades Oatly to equal weight from overweight Morgan Stanley resumed coverage of the oats company and said it sees too many negative catalysts. " Morgan Stanley reiterates Tesla as overweight Morgan Stanley said it's sticking with Tesla despite a slew of negative data points in a recent investor survey. Morgan Stanley reiterates Nvidia as overweight Morgan Stanley said it's standing by Nvidia heading into earnings later this week. Morgan Stanley initiates CG Oncology as buy Morgan Stanley said shares of the bladder cancer company are "compelling." "We initiate coverage on Morgan Stanley Direct Lending with a Buy rating and $23.50 PT.

Persons: Morgan Stanley downgrades Oatly, Morgan Stanley, Tesla, Bernstein, Siri, it's, Disney, Ingersoll Rand, Rosenblatt, MSCI's, Goldman Sachs, Wolfe, Piper Sandler, Riley, Grainger, Northcoast, JPMorgan downgrades Holley Organizations: Apple, Nvidia, Disney, RBC, Aerospace, BAE Systems, Caterpillar, SMCI, Deutsche Bank, JetBlue, Alaska Air, ASM, Health, BrightSpring Health, Brunswick Corporation, Barclays, JPMorgan, Mizuho, Oncology, UBS, Morgan, Fund, Seaport, Booking Holdings, " Bank of America, AIG, Bank of America, General Insurance Locations: Silicon Valley, Alaska, Brunswick, MIBS, Texas, Europe, Asia

Its price target of $4,380 suggests nearly 18% upside from Friday's close. "We expect numbers to reset lower (again) with the downward revision a negative catalyst for the multiple, and the margin story likely being pushed out to 2025," wrote analyst Christian Carlino. Analyst Anthony Powell accompanied the move by raising his price target to $204 from $194, implying a potential 15% rally for the stock. The investment firm upgraded the airline stock to market-perform from underperform, boosting its price target to $32 from $26. His price target of $338 per share implies upside of just 5% from Friday's close.

Persons: Bernstein, Evercore, Piper Sandler, Brian Mullan, Mullan, — Jesse Pound, Aaron Kessler, — Michelle Fox, JPMorgan downgrades Holley, Holley, Christian Carlino, Carlino, HLLY, hasn't, — Lisa Kailai Han, AvalonBay, Anthony Powell, Powell, AVB, Lisa Kailai Han, Joshua Shanker, Morgan Stanley, bullish Tesla, Tesla, Adam Jonas, Jonas, Russell Quelch, Quelch, MSCI, Arun Viswanathan, Viswanathan, Rosenblatt, Hans Mosesmann, Mosesmann, Michael Linenberg, Linenberg, David Vernon, David Raso, Raso, Assuredness, Fred Imbert, ~$ ~$ Organizations: CNBC, Airlines, Southwest Airlines, Deutsche Bank, JetBlue, Caterpillar, Foods, . Restaurant, Seaport Research, Booking Holdings Seaport Research Partners, Booking Holdings, JPMorgan, Barclays, Bank of America, AIG, of America, Tesla Network, RBC, Ball Corporation, Markets, Ball Corp, Aerospace, BAE Systems, Ball, Micro Computer, Super Micro Computer, Micro, ASM, Spirit Airlines, Bernstein, Spirit, Boeing Max, ISI, CAT Locations: Southwest, Friday's

☆ Trump vs. Biden: Goldman Sachs names the global stocks to play the U.S. elections
▼ + stars: | 2024-01-31 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

As the U.S. presidential election comes into the spotlight, Goldman Sachs has assessed the potential impact on global markets by changes in regulation, taxation, and other government policies. However, it sees U.S. subsidiaries of foreign companies potentially gaining if Trump delivers on a cut to corporation taxes. On average, European companies generate 25% of sales in the U.S., but most come from U.S.-based businesses rather than exports from the EU, according to Goldman Sachs. As these companies run substantial U.S. operations and assets, Goldman also sees them as benefiting from potential U.S. corporate tax cuts under Trump. However, they flagged that Biden has mentioned increasing the rate of corporate tax, "which would have an impact on US-exposed companies."

Persons: Goldman Sachs, Donald Trump, Trump, DAX, Sharon Bell, Joe Biden, Goldman, Biden, Michael Bloom Organizations: U.S, Ukraine, Trump, Eurostat, Stocks, Intercontinental Hotels Group, Boeing, Aero, BAE Systems, Kerry Group, Goldman, Republican Locations: United States, U.S, Europe

Defence Minister Yasar Guler said last week that Turkey was in talks with Britain and Spain to buy Eurofighter Typhoon jets, though Germany objected to the idea. Guler was holding talks on the issue with his British counterpart Grant Shapps in Ankara on Thursday, the source said. Turkey wants to buy the most advanced, newly built version of the Eurofighter, he added. NATO member Turkey requested in October 2021 to buy 40 Lockheed Martin Corp (LMT.N) F-16 fighters and 79 modernisation kits for its existing warplanes. The Eurofighter Typhoon jets are built by a consortium of Germany, Britain, Italy and Spain, represented by Airbus (AIR.PA), BAE Systems (BAES.L) and Leonardo (LDOF.MI).

Persons: Yasar Guler, Guler, Grant Shapps, Joe Biden's, Leonardo, Tayfun Ozberk, Serhat, Huseyin Hayatsever, Jonathan Spicer, William Maclean Organizations: Eurofighter, . Defence, Eurofighter Typhoon, British, NATO, Turkey, Lockheed Martin Corp, U.S . Congress, Airbus, BAE Systems, Biden Administration, Eurofighter Typhoons, Kadir Has University, Turkish Air Force, Thomson Locations: ANKARA, Turkey, United States, Turkish, Britain, Spain, Germany, Ankara, Italy

REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsROME, Nov 15 (Reuters) - Italy's Leonardo (LDOF.MI) is trimming its stake in U.S. unit DRS (DRS.O) as new CEO Roberto Cingolani looks to expand the state-controlled group with major roles in European defence projects. Two sources at Leonardo confirmed that the DRS deal was part of that strategy. Cingolani, a former government minister who became CEO in May, has embraced the need to create broader European alliances to take advantage of rising defence budgets. It has pointed to its cross-border MBDA European missile company joint venture with Airbus (AIR.PA) and BAE Systems (BAES.L) as a model for the projects. Some analysts expressed surprise that the company was reducing its stake in DRS, acquired 15 years ago in a $5.2 billion deal when the Italian group was known as Finmeccanica.

Persons: Leonardo, Dado Ruvic, Roberto Cingolani, Cingolani, Intesa Sanpaolo, Leonardo's, Nick Cunningham, Giulia Segreti, Armellini, Kirsten Donovan Organizations: REUTERS, Rights, DRS, Global Combat Air, Leopard, Airbus, BAE Systems, Agency Partners, Thomson Locations: U.S, East, Europe, Italy, Britain, Japan, Leonardo's Milan, Italian, Rome

☆ BAE on track as orders flow amid heightened geopolitical risk
▼ + stars: | 2023-11-13 | by ( ) www.reuters.com time to read: +1 min

People gather at the BAE Systems' booth during the Association of the United States Army (AUSA) Global Force Symposium & Exposition in Huntsville, Alabama, U.S. March 28, 2023. REUTERS/Cheney Orr/File Photo Acquire Licensing RightsLONDON, Nov 13 (Reuters) - BAE Systems (BAES.L) maintained its guidance for annual earnings to rise as much as 12% as orders for military kit continued to flow at a time of heightened geopolitical risk, benefiting Britain's biggest defence company. BAE upgraded its forecast in August, guiding that earnings per share would grow by 10%-12% in 2023 after orders soared following Russia's invasion of Ukraine last year. Since then, Israel has invaded Gaza in the wake of Hamas' Oct. 7 attack, upsetting stability in the Middle East. The group, whose biggest customers are the United States, Britain, Saudi Arabia and Australia, said it had increasing exposure to "structurally growing" defence markets.

Persons: Cheney Orr, Charles Woodburn, Sarah Young, Kate Holton, Paul Sandle Organizations: BAE Systems, Association of, United States Army, Global, REUTERS, BAE, Thomson Locations: Huntsville , Alabama, U.S, Ukraine, Israel, Gaza, Australia, Britain, United States, Saudi Arabia, China

☆ US Air Force's new B-21 Raider "flying wing" bomber takes first flight - Reuters witness
▼ + stars: | 2023-11-10 | by ( Mike Stone | ) www.reuters.com time to read: +3 min

However, the Air Force has kept other price information classified, "which makes validating the proposed cost difficult," the Congressional Research Service said in a 2021 report. The Air Force plans to buy at least 100 of the planes and begin to replace B-1 and B-2 bombers. Ann Stefanek, an Air Force spokesperson said, "The B-21 Raider is in flight testing. Flight testing is a critical step in the test campaign managed by the Air Force Test Center and 412th Test Wings B-21 Combined Test Force." In early 2022, the Air Force further delayed it until 2023.

Persons: David Swanson, Ann Stefanek, Lockheed Martin, Northrop, Mike Stone, Valerie Insinna, Franklin Paul Organizations: United States Air, Northrop, Air Force, REUTERS, U.S, Air Force's, Northrop Grumman, Congressional Research Service, Pentagon, Air Force Test Center, Force, Boeing, Lockheed, Pratt, Whitney, Collins Aerospace, GKN Aerospace, BAE Systems, Franklin Paul Our, Thomson Locations: Palmdale , California, U.S, Washington

☆ Pro-Palestinian protesters block entrances to UK's BAE defence plant
▼ + stars: | 2023-11-10 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Susannah Ireland Acquire Licensing RightsROCHESTER, England, Nov 10 (Reuters) - Dozens of pro-Palestinian protesters blocked the entrances to a BAE Systems (BAES.L) factory in southeast England on Friday, targeting Britain's biggest military supplier to call for an end to arms sales to Israel. BAE said it does not directly export any equipment to Israel, but the group is a tier-one supplier on the United States-made F-35 fighter jets which are flown by Israel. We operate under the tightest regulation and comply fully with all applicable defence export controls, which are subject to ongoing assessment." Israel has besieged and invaded Gaza vowing to destroy its ruling Hamas group in the wake of Hamas' Oct. 7 attack on Israel that it says killed 1,400 people. Reporting by Susannah Ireland; writing by Sarah Young, editing by Mark HeinrichOur Standards: The Thomson Reuters Trust Principles.

Persons: Susannah Ireland, Sarah Young, Mark Heinrich Our Organizations: BAE Systems, Hamas, REUTERS, Rights, Britain's, Israel, BAE, stevedores, Thomson Locations: BAE Systems Rochester, Gaza, Israel, Palestinian, Rochester , Kent, Britain, Rights ROCHESTER, England, Rochester, Kent, United States, Belgium, Spain, Barcelona, Belgian, Europe, London

☆ MBDA's British arm signs $5 bln deal to bolster Poland's air defence system
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +2 min

British Secretary of State for Defence Grant Shapps walks outside Number 10 Downing Street, in London, Britain, October 24, 2023. REUTERS/Hannah McKay Acquire Licensing RightsLONDON, Nov 7 (Reuters) - The British arm of defence firm MBDA has signed a 4 billion pound ($4.92 billion) deal to supply Poland with ground-based air defence systems, the British government said on Tuesday. Britain's Ministry of Defence said the partnership would boost Poland's Narew air defence programme and help bolster European security amid the conflict in Ukraine. "This is another crucial step forward for our historic defence ties with Poland, supplying next generation air defence capabilities to act as a clear deterrent to our adversaries," British Defence Secretary Grant Shapps said. The air defence system would be able to launch missiles at air threats such as cruise missiles and fighter jets at ranges of more than 40 kilometres, the ministry said.

Persons: Defence Grant Shapps, Hannah McKay, MBDA, Grant Shapps, Mariusz Blaszczak, Italy's Leonardo, Sachin Ravikumar, Alan Charlish, William James Our Organizations: State, Defence, REUTERS, Britain's Ministry of Defence, British, Airbus, Britain's BAE Systems, Thomson Locations: London, Britain, British, Poland, Ukraine, Poland's

☆ Worried about a slowdown? One asset management firm shares a way to hedge — and names 10 global stocks
▼ + stars: | 2023-10-27 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +2 min

They define that form of value as "combined yield, a blend of dividend yield, free cashflow yield and net buyback yield." "Combined yield has been the best performing of the long-short European factors that we track, year-to-date," the analysts said. Stock screen AllianceBernstein performed a screen of "High Combined Yield Stocks" in Europe for the final quarter of the year. Equinor is listed on both the Oslo Stock Exchange and Nasdaq, while BP is traded on the London Stock Exchange and Frankfurt Stock Exchange. BP is also traded on the New York Stock Exchange in the form of American depositary shares.

Persons: it's, AllianceBernstein, France's, Norway's, — CNBC's Michael Bloom Organizations: Tesco, BP, Oslo Stock Exchange, Nasdaq, London Stock Exchange, Frankfurt Stock Exchange, New York Stock Exchange, Systems, Deutsche Post Locations: Europe, Belgian, British, Swiss

☆ British troops could be sent to Ukraine as the country ramps up on-the-ground training efforts, UK defense minister says
▼ + stars: | 2023-10-01 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +4 min

UK's Secretary of State for Defence Grant Shapps said he plans to send British troops into Ukraine. He told the Telegraph he aims to get military training "closer and actually into" the country. Ukraine relies on international allies for training and equipment as Russia's invasion drags on. AdvertisementAdvertisementUK troops may deploy into Ukraine for the first time to train soldiers as on-the-ground training efforts ramp up between the war torn country and its international allies. AdvertisementAdvertisementIn addition to offering training on the ground in Ukraine, Shapps said British defense companies like BAE Systems are moving manufacturing into the country.

Persons: Defence Grant Shapps, —, Grant Shapps, Shapps, I'm, We've, Volodymyr Zelenskyy Organizations: State, Defence, Service, State for Defence, The Telegraph, BAE Systems, British, Ukraine's Ministry of Defence, US, NATO, ABC News, NBC News, Pentagon Locations: Ukraine, UK's, Russia, Crimea –, Britain, Kyiv

☆ Ukraine lures Western weapons makers to transform defence industry
▼ + stars: | 2023-09-30 | by ( Olena Harmash | ) www.reuters.com time to read: +3 min

"Ukraine is in such a phase of the defence marathon when it is very important, critical to go forward without retreating. Results from the frontline are needed daily," Zelenskiy told executives representing more than 250 Western weapons producers. Executives from weapons producers from over 30 countries attended the forum. Ukrainian officials see the development of domestic defence production as a boost to the economy, which has shrunk by about a third last year due to the war. Several leading Western producers like Germany's weapon production giant Rheinmetall and Britain-based BAE Systems have already announced plans to team up with Ukrainian producers.

Persons: Fabian Bimmer, Volodymyr Zelenskiy, Zelenskiy, Olena Harmash, William Maclean Organizations: Puma, Rheinmetall, REUTERS, Rights, BAE Systems, Foreign Ministry, U.S, Thomson Locations: Unterluess, Germany, Russia, Ukraine, Kyiv, Ukrainian, Britain, Czech, Turkish

☆ UK aims to offer military training inside Ukraine, minister says
▼ + stars: | 2023-09-30 | by ( ) www.reuters.com time to read: +2 min

Ukraine's President Volodymyr Zelenskiy welcomes British Defence Secretary Grant Shapps before a meeting, amid Russia's attack on Ukraine, in Kyiv, Ukraine, in this handout picture released September 28, 2023. Britain has provided five-week military training courses to around 20,000 Ukrainians over the past year, and intends to train a similar number going forward. In an interview with the Sunday Telegraph newspaper, Shapps said there was scope to offer military training within Ukraine after a discussion on Friday with British military chiefs. Shapps added that he hoped British defence companies such as BAE Systems (BAES.L) would proceed with plans to set up arms factories in Ukraine. Prime Minister Rishi Sunak made Shapps defence minister on Sept. 1, after the resignation of his predecessor Ben Wallace.

Persons: Volodymyr Zelenskiy, Grant Shapps, Shapps, Rishi Sunak, Ben Wallace, David Milliken, Daniel Wallis Organizations: British, Presidential Press Service, REUTERS, Sunday Telegraph, BAE Systems, Ukraine's, Russia, Thomson Locations: Ukraine, Kyiv, Britain, Russia, British

☆ UK Aims to Offer Military Training Inside Ukraine, Minister Says
▼ + stars: | 2023-09-30 | by ( Sept. | At P.M. | ) www.usnews.com time to read: +1 min

To date, Britain and its allies have avoided a formal military presence in Ukraine to reduce the risk of a direct conflict with Russia. Britain has provided five-week military training courses to around 20,000 Ukrainians over the past year, and intends to train a similar number going forward. In an interview with the Sunday Telegraph newspaper, Shapps said there was scope to offer military training within Ukraine after a discussion on Friday with British military chiefs. Shapps added that he hoped British defence companies such as BAE Systems would proceed with plans to set up arms factories in Ukraine. Prime Minister Rishi Sunak made Shapps defence minister on Sept. 1, after the resignation of his predecessor Ben Wallace.

Persons: Grant Shapps, Shapps, Volodymyr Zelenskiy, Rishi Sunak, Ben Wallace, David Milliken, Daniel Wallis Organizations: Sunday Telegraph, BAE Systems, Ukraine's, Russia Locations: Ukraine, Britain, Russia, British

[1/2] A model of a new fighter jet of the Global Combat Air Programme (GCAP) led by Britain, Japan, and Italy, is seen at the DSEI defence event in London, Britain, September 12, 2023. Reuters/Sarah Young/File Photo Acquire Licensing RightsTOKYO, Sept 21 (Reuters) - Japan, Britain and Italy plan to choose Britain as the headquarters for their next-generation fighter program, four sources in Japan said, putting London at the forefront of a partnership that could expand to include other nations. "Discussion about the headquarters is ongoing and we are unable to comment on the location," Japan's defence procurement agency said in an email. "No final decisions have been made on the locations and we will not comment on speculation," a spokesperson at Britain's defence ministry said. Officials at the Italian defence ministry were unavailable for comment.

Persons: Sarah Young, Leonardo, LDOF.MI, Richard Berthon, Britain's, Tim Kelly, Nobuhiro Kubo, Paul Sandle, Angelo Amante, Gerry Doyle Organizations: Global Combat Air, Reuters, Rights, London, United, United Arab Emirates, Combat, Britain's Ministry of Defence, BAE Systems PLC, Mitsubishi Heavy Industries, Mitsubishi Electric Corp, Royce PLC, Japan's IHI Corp, Thomson Locations: Britain, Japan, Italy, London, Saudi Arabia, United Arab, GCAP, European

☆ Why former Goldman Sachs partners say they left the firm
▼ + stars: | 2023-09-20 | by ( Dakin Campbell | ) www.businessinsider.com time to read: +23 min

Goldman Sachs partners are leaving — some 202 during David Solomon's five years as CEO by Insider's calculation. In particular, before Solomon, Goldman nurtured many fiefs and then spread the wealth from the most successful ones across the firm. Of the former Goldman executives that Insider interviewed, here are the most cited reasons they gave for leaving Goldman. When both men struggled, senior partners left, and Goldman stumbled in its efforts to wind down its balance-sheet investments. Goldman Sachs partners are paid well by any standard: $950,000 in base salary and often multiples of that in annual bonuses.

Persons: Goldman Sachs, David Solomon's, Solomon, Goldman, David Solomon, John Waldron, Goldman's, Adebayo Ogunlesi, Mike Mayo, Andrew Toth, Devin Ryan, Ryan, Waldron, Tony Fratto, Mike Blake, Eric Lane, Julian Salisbury, Lane, Luke Sarsfield, Sarsfield, Marc Nachmann, he's, Fratto, Stephanie Cohen, Cohen, Kathy Ruemmler, Charles Dharapak, Barack Obama's, Kenneth Lay, Jeffrey Skilling, Ruemmler, Unbeknown, Jeffrey Epstein, dealmaking, David S, Holloway, Mayo, David doesn't, GreenSky, Brendan McDermid, It's, Alison Mass, Hank Paulson, Russell Horwitz, David, it's, Emmalyse Brownstein Organizations: Wall, JPMorgan, Wells, Wells Fargo Securities, Investors, Goldman, AWM, Sarsfield, BAE Systems, Justice Department, Street Journal, Bloomberg, Employees, Partners, Federal Reserve, United Capital Financial Partners, Reuters, GreenSky Locations: New York, Wells Fargo, Salisbury, Manhattan, Texas, Plano, London, Paris, Chicago

☆ UK, Japanese, Italian Partners Agree Next Steps for Fighter Jet
▼ + stars: | 2023-09-12 | by ( Sept. | At A.M. | ) www.usnews.com time to read: +1 min

LONDON (Reuters) - Britain's BAE Systems, Japan's Mitsubishi Heavy Industries, and Italy's Leonardo have agreed the next steps to deliver the concept phase of a next-generation combat aircraft, BAE Systems said on Tuesday. The three nations agreed in December 2022 to collaborate to build an advanced front-line fighter to enter service around the middle of the next decade. The new Global Combat Air Programme (GCAP) agreement will support discussions to set out working arrangements and capability requirements for the aircraft, BAE said. The three nations will update on the project's progress at London's DSEI international arms fair this week, BAE said. Britain's defence ministry had committed 2 billion pounds to the project, formerly known as Tempest, before Japan and Italy joined.

Persons: Italy's Leonardo, Herman Claesen, BAE's, GCAP, Sachin Ravikumar, Paul Sandle, Sarah Young Organizations: BAE Systems, Mitsubishi Heavy Industries, Global Combat Air, BAE, London's Locations: Italy, Japan

☆ NATO's 2 least-friendly members have a history of aerial showdowns, and they're both about to get new stealth jets
▼ + stars: | 2023-09-12 | by ( Paul Iddon | ) www.businessinsider.com time to read: +7 min

Greece and Turkey both plan to roll out new stealth jets by the end of the decade. Greece is acquiring F-35s from the US, while Turkey is building the domestically designed TF Kaan. The TF KAAN at its presentation ceremony in Ankara on May 1. AdvertisementAdvertisementBohl said several factors could hinder timely production of the TF Kaan, including fiscal considerations, national spending priorities, and Ankara's foreign partnerships. Stealth jets over the AegeanAn F-16 with Greece's Zeus solo display team at an airshow in Pireus in November 2016.

Persons: Dhruv Gopinath, Pratt, Whitney, Ryan Bohl, RANE, Yavuz Ozden, Bohl, George Tzogopoulos, Tzogopoulos, Greece's, George Panagakis, Cuneyt Organizations: NATO, Service, US Air Force, Souda Air Base, Tech, Turkish Aerospace Industries, GE, East, TF, Hellenic Air Force, Turkish, BAE Systems, Stealth, Pacific Press, Getty, NATO Air Policing, Anadolu Agency, Ankara Locations: Greece, Turkey, Wall, Silicon, Dhruv Gopinath Athens, Ankara, North Africa, Turkish, Crete, Azerbaijan, Pakistan, Pireus, Athens, Malbork, Poland

☆ PHOTOS: Step inside one of the US-made Bradley fighting vehicles keeping Ukrainian troops alive through mines and enemy fire
▼ + stars: | 2023-09-08 | by ( Jake Epstein | ) www.businessinsider.com time to read: +7 min

US-provided Bradley infantry fighting vehicles have proven to be valuable assets for the Ukrainians. Advertisement Advertisement Watch:Recent photos offer a look inside a Bradley operated by Ukraine's 47th Mechanized Brigade in the southeastern Zaporizhzhia region. Designed and manufactured by BAE Systems as a response to Soviet infantry fighting vehicles, the Bradley entered service in the 1980s. Photo by Ukrinform/NurPhoto via Getty ImagesGunner 'Molfar' is pictured inside the Bradley. Photo by Ukrinform/NurPhoto via Getty ImagesGunner 'Molfar' is seen inside the Bradley.

Persons: Bradleys, Bradley, Gunner, Molfar, Dmytro Smolienko, Pat Ryder, Biden, Stryker Organizations: Bradley, Service, Washington, Ukraine's 47th Mechanized Brigade, Magura Mechanized Brigade, Publishing, Getty, BAE Systems, Pentagon Press, Air Force, Russia Locations: Wall, Silicon, Ukraine, Soviet, Bradleys, Zaporizhzhia, Robotyne, Iraq, Orikhiv, Azov

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