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☆ A Ukrainian captain says his unit shot down every drone it met despite having 'antiquated' guns
▼ + stars: | 2024-05-09 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +3 min

A Ukrainian platoon has shot down all of the drones it's encountered, its captain told The Guardian. Oleksandr Zhygun said his soldiers are using "antiquated" guns to do it, per the outlet. AdvertisementA Ukrainian captain operating near Kyiv said his platoon has shot down every Russian drone it has encountered, despite having what he describes as "antiquated" guns. But in eastern Ukraine, Ukrainian troops are struggling against Russia's night-vision drones, a Ukrainian soldier told the Kyiv Post last month. Asked whether Ukraine could still win the war, Zhygun told The Guardian it was a "difficult" question and that they needed more air defense systems.

Persons: Oleksandr Zhygun, —, Zhygun's Kalashnikov, Yehven, Dolin, Zhygun, Ukraine's Organizations: Ukrainian, Guardian, Service, Ukraine's 241st Brigade, Territorial Defense Forces, Soviet Union, Patriot, Republicans, The Institute Locations: Ukraine, Soviet, Kyiv, Afghanistan, Ukrainian, Kyiv Post, Russia, Ukraine's, Avdiivka

☆ Russia is raising a stink about F-16s in Ukraine by saying they're nuclear-capable, even though the types of warplanes already deployed there can carry nukes
▼ + stars: | 2024-05-07 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

Russia said on Monday that it would treat F-16s in Ukraine as an escalation because they're nuclear-capable. AdvertisementRussia warned on Monday against the expected arrival of F-16s in Ukraine, saying the US warplanes would be treated as an escalation given their potential as nuclear weapons platforms. AdvertisementMeanwhile, Russia has for months said the delivery of the F-16s is a provocation from NATO because they can be fitted to carry nuclear weapons. In any case, Ukraine does not possess any nuclear weapons in its arsenal, having surrendered them in 1994 when it gained independence. It is subject to the Treaty on the Non-Proliferation of Nuclear Weapons.

Persons: —, Sergey Lavrov, Ukraine's Su, it's, They're, Jake Epstein, Epstein Organizations: Foreign Ministry, Service, NATO, Russian Foreign Ministry, North Atlantic Treaty Organization, Russia, Soviet, British Storm Shadow, Nuclear Weapons, US Navy Locations: Russia, Ukraine, United States, North, Belgium, Denmark, Norway, Netherlands, Kyiv, Russian, Belarus, Minsk, Moscow

☆ Israel's attack on Rafah shows the troubling limits of Biden's influence
▼ + stars: | 2024-05-07 | by ( Tom Porter | ) www.businessinsider.com time to read: +6 min

Read previewEarly on Tuesday, Israeli tanks seized control of the vital Rafah border crossing between Gaza and Egypt. But throughout its eight-month war, Israel has shown that it is willing to reject and ignore the advice of its most important international ally, the US. Israel on Monday warned civilians in eastern Rafah to evacuate, indicating that an attack may be imminent. His coalition is fragile, and he relies on the support of far-right lawmakers who are demanding an attack on Rafah. AdvertisementThe Gaza war has repeatedly threatened to spill into a wider regional conflict, and scenes of new civilian suffering in Rafah could intensify that threat.

Persons: —, Joe Biden, Benjamin Netanyahu, Matt Duss, Biden, John Kirby, Netanyahu, Israel Biden, Israel, JIM WATSON, He's, Aaron David Miller, Dave Harden Organizations: Service, Hamas, Israeli, Business, Washington, Center for International, House, Monday, Biden, Getty, US, Carnegie Endowment, International Peace, Wall Street, New York Times, US Agency for International Development, West Bank, BBC Locations: Gaza, Egypt, Israel, Rafah, Ukraine, Israel —, Qatar, New York City, Palestinian, Saudi Arabia

☆ Watch an exploding Ukrainian drone boat dodge fire from the air to kill one of the small, high-speed Russian ships still fighting in the Black Sea
▼ + stars: | 2024-05-06 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

The attack marks Ukraine's latest strike against the Russian Black Sea Fleet. The video cuts just as the Ukrainian drone slams into the vessel. A Magura V5 sea drone destroyed a russian speedboat in temporarily occupied Crimea. Ukrainian forces have heavily relied on their arsenals of Magura V5s and Sea Babies — another type of exploding naval drone — to damage and destroy scores Russian warships in the Black Sea. Still, Kyiv has managed to find success in targeting Russian vessels with its drones.

Persons: —, HUR Organizations: Service, Ukrainian, Directorate of Intelligence, Business, Black, —, Sea, Security Service Locations: Russia, Russian, Bay, Crimean, Moscow, Crimea, Ukraine, Ukrainian, Kyiv, pic.twitter.com

☆ China is building a huge network of satellites that could be used against US troops: intel chief
▼ + stars: | 2024-05-03 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

China has developed a large network of military satellites. AdvertisementChina has developed a network of hundreds of military satellites that could be used to target US troops, a Pentagon official warned. Maj. Gen. Greg Gagnon, deputy chief of space operations for intelligence, told a conference on Thursday that China had developed a sophisticated military satellite program. He said it could be used to track and target US troops moving to defend Taiwan, Defense One reported. "For the first time in decades, US leadership in space and space technology is being challenged," Meink added.

Persons: —, Greg Gagnon, Gagnon, we're, America —, Troy Meink, Space.com, Meink Organizations: Pentagon, Service, Defense, National Reconnaissance Office Locations: China, Taiwan, America, Colorado

☆ Russia's pulling its aircraft away from the front lines as Ukraine hits air bases with deep strikes, Western intel says
▼ + stars: | 2024-05-03 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

Ukrainian forces used drones to attack an airfield deep inside Russia last month. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementRussia has pulled dozens of aircraft away from the front lines in response to a massive Ukrainian drone attack on a military base deep behind enemy lines, according to new Western intelligence. The late-April attack was not the first time Ukrainian deep strikes have forced Russia to relocate its vulnerable assets. Even before the Kushchyovskaya strike, Ukraine has tried going after Russia's airbases in an apparent bid to stomp out the glide-bomb threat.

Persons: —, Sukhoi Su, Maxim, Russia's Su, ALEXANDER NEMENOV Organizations: Service, Sukhoi, International Army, REUTERS, Ukraine, Victory Day, Getty, Kyiv Locations: Russia, Ukraine, Ryazan, Ukrainian, Crimean, Russian, Moscow, AFP

☆ Opinion: Unable to ‘win’ in Gaza, Israel sets its sights elsewhere
▼ + stars: | 2024-05-02 | by ( Opinion Hussein Ibish | ) edition.cnn.com time to read: +10 min

CNN —An eerie relative calm has descended on the Middle East — Gaza obviously excluded — since a highly alarming exchange of missile, rocket and drone attacks by Israel and Iran in recent weeks. Now, the recent exchange of direct military attacks with Iran might have sealed Lebanon’s fate, unless team Biden can restrain Israel. On April 1, Israel struck an Iranian diplomatic facility in Damascus, killing a number of senior Iranian officials including Brig. As Israel’s forces moved south through Gaza, obliterating Hamas brigades with relative ease, its thinking relatively quickly turned north again. If this happens, a primary US goal regarding the Gaza war — conflict containment — would be shattered not by Washington’s adversaries, but ironically by its closest regional partner.

Persons: Hussein Ibish, Read, Biden, Israel, Mohammad Reza Zahedi, Haji Rahimi, Hossein Amirollah, Louai Beshara, Benjamin Netanyahu, Yoav Gallant, Charbel Mallo, Israel —, Joe Biden Organizations: Gulf States Institute, Israel, CNN, Biden, Hezbollah, Brig, Iran’s, Quds Force, Getty, Iranian, Israeli Locations: Washington, East, Gaza, Israel, Iran, Lebanon, Iranian, Damascus, Brig, Syria, AFP, Tehran, United States, Kafr Kila, Lebanese

☆ The US Navy wants a lot more of a missile that just recently scored its first kill to counter Pacific threats like China
▼ + stars: | 2024-05-01 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

The US Navy used its SM-3 missile interceptor in combat for the first time last month. AdvertisementThe US Navy will need a lot more of its SM-3 missile, an interceptor that only recently scored its first-ever kill, to counter Pacific threats like China, the sea service's top civilian official said on Wednesday. The Missile Defense Agency's budget request for FY25 cuts procurement of SM-3 Block IB variant, which became operational a decade ago. During Wednesday's hearing, South Carolina Rep. Joe Wilson referred to this variant as the Navy's "primary defense against tactical ballistic missiles for the Aegis Ballistic Missile Defense" weapons system. AdvertisementThe Navy, however, is already getting a taste of what it's like to battle anti-ship ballistic missiles.

Persons: —, Navy Carlos Del Toro, Del Toro, Joe Wilson, Paul Ignatius, MCS2 Nathan T, Beard Organizations: US Navy, China, Service, Navy, House Armed, Missile Defense Agency, Combat, Missile Defense, South Carolina Rep, Aegis Ballistic Missile Defense Locations: China, Tehran, Israel, Lake Erie, Kauai, Hawaii, Washington, Beijing, American, Iran, Gulf of Aden

☆ Massive drone strike suggests Ukraine is going after Russia's devastating glide bombs
▼ + stars: | 2024-04-30 | by ( Jake Epstein | ) www.businessinsider.com time to read: +6 min

AdvertisementUkraine's massive weekend drone attack on a Russian airbase deep behind enemy lines suggests Kyiv may be trying to curb the threat of Moscow's devastating glide bombs, according to new Western intelligence. Destroyed Russian glide bomb kits are visible in footage from the ground following the strike. Russia's defense ministry said in March that it began increasing production of several types of munitions — including 6,600-pound ones — that could be modified and turned into glide bombs. Saturday's strike on the Kushchyovskaya airbase isn't the first time Ukraine has gone after Russian airbases hosting fighter-bombers that can drop glide bombs. Experts have warned that Russian glide bombs pose a tremendous threat to Ukrainian forces.

Persons: —, Russia's Su, kgibcTnREI — Brady Africk, Brady Africk, Russian Su Organizations: Service, Saturday, Kyiv Independent, Ukrainian, American Enterprise Institute, Russian Defense Ministry, Getty, Institute for, Russian Locations: Russia, Kyiv, Ukrainian, Avdiivka, Moscow, Russian, Anadolu, Ukraine, Rostov

☆ China's plan to be the dominant power in space is moving at breathtaking speed. The US needs to wake up, officials say.
▼ + stars: | 2024-04-30 | by ( Tom Porter | ) www.businessinsider.com time to read: +7 min

Read previewAfter a meeting with Japanese and South Korean officials in Tokyo on Friday, US Space Force commander Gen. Stephen Whiting warned about a growing threat. China, he said, is "moving at breathtaking speed in space," and is developing a range of weapons that threaten America's space supremacy, reported Stars and Stripes. "For the first time in decades, US leadership in space and space technology is being challenged," Meink added. Chance Saltzman, Chief of Space Operations at United States Space Force, last year warned against taking US space supremacy for granted. Air Force Lieutenant General Gregory Guillot (L) and US Space Force Lieutenant General Stephen Whiting (R) on July 26, 2023.

Persons: —, Stephen Whiting, They're, Troy Meink, Space.com, Meink, Chance Saltzman, I'm, Saltzman, Whiting, Dominic Chiu, Gregory Guillot, BRENDAN SMIALOWSKI, Donald Trump, Chiu, Artemis, Frank Lucas, Anthony Mastalir, Graeme Thompson, Thompson, Tory Bruno, Arthur Herman, John F, Kennedy, Ronald Reagan, we've Organizations: Service, Korean, Space Force, Business, National Reconnaissance Office, Space Operations, United States Space Force, Eurasia Group, Air Force, US Space Force, House Science, Technology Committee, Brig, US Space Forces, Pentagon, United Launch Alliance, NBC News, Hudson Institute Locations: Tokyo, China, Colorado, Australia, Russia

☆ Ukraine is building underground stores and bunkers to protect F-16s as the jets' arrival moves closer
▼ + stars: | 2024-04-29 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +3 min

Ukraine is preparing ways to protect its F-16s while at base, its air force said. AdvertisementUkraine's air force said it is preparing for the arrival of F-16s by building underground stores and bunkers at its bases. The Associated Press has reported that Ukraine may use Western air bases when it gets F-16s because the jets require high-standard runways and protective hangars. But the air force's update suggests that Ukraine plans on keeping at least some F-16s in Ukraine during periods when they are not flying. Russian President Vladimir Putin warned last month that Western air bases that host F-16s for Ukraine would be "legitimate" targets for his armed forces.

Persons: —, Ilya Yevlash, Yevlash, Vladimir Putin, Jake Epstein Organizations: Service, Air Force, Ukrainian Armed Forces, RBC, Russia, Military, Associated Press Locations: Ukraine, Russia

☆ Pedro Sanchez: Spanish PM refuses to quit, vowing to fight ‘unfounded’ attack on his wife
▼ + stars: | 2024-04-29 | by ( Al Goodman | Jack Guy | ) edition.cnn.com time to read: +5 min

“I have decided to continue, with more force if possible, as the head of the Spanish government,” the 52-year-old prime minister said. Sanchez thanked his Spanish Socialist Party members for their support. Manos Limpias acknowledged on the same day that it had relied on press reports for its court complaint. Javier Soriano/AFP/Getty ImagesSanchez’ Socialist party performed strongly in recent regional elections in Spain’s northern Basque region. Sanchez became prime minister in 2018 after winning a no-confidence vote against the conservative Mariano Rajoy.

Persons: Pedro Sanchez, Begoña Gomez, Sanchez, Gomez, Manos Limpias, “, ”, it’s, Gomez “, Manos, General’s, Hazte, Javier Soriano, Mariano Rajoy, “ Pedro, –, we’ve, Español’s Pau Mosquera Organizations: CNN, Spanish, Spanish Socialist Party, Madrid, Superior Court of Justice, AFP, Getty, Socialist, Socialist Party, Español, Español’s Locations: Madrid, Spanish, Spain’s, Basque, Catalonia, Ukraine, Kyiv, Spain, ”

☆ Ukraine's Pilots Use iPads to Fly Combat Missions Against Russia: US Official
▼ + stars: | 2024-04-28 | by ( Cameron Manley | ) www.businessinsider.com time to read: +1 min

Ukraine's pilots are using iPads for combat missions, said a US undersecretary. The iPads or similar tablets could assist in what are called "Wild Weasel" missions. It is an example of adapted Ukrainian weapons built by stitching Western and Soviet parts together. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA video released by Ukraine's Air Force appears to show its pilots using a tablet to help it conduct combat missions against Russian air defense systems.

Persons: —, William LaPlante Organizations: Service, Ukraine's Air Force, Russian, Defense, Washington DC, Business Locations: Ukraine, Soviet

Arm Ukraine With Fanfare and Israel in Secret? That package will pay for billions of dollars of arms flowing to Ukraine, Israel and other nations. As soon as the bill became law, the administration issued new announcements about weapons shipments to Ukraine, but not about transfers to Israel. Press releases about military aid for Ukraine and Israel Since both wars began, the U.S. government has issued at least 126 press statements or updates describing military aid sent to Ukraine and just three describing military aid sent to Israel. Information on maritime support sent to … Ukraine IsraelInformation on air-based weaponry and drones sent to … Ukraine IsraelThere is another distinction worth noting.

Persons: Biden, Jonathan Ernst, Antony Blinken, ”, Josh Paul, Israel —, Ukraine Israel “, Daniel C, it’s, Benjamin Netanyahu Organizations: Reuters, Israel Defense Forces, Israel . Press, U.S . Department of State, U.S . Department of State ; U.S . Department of Defense, Internet, State Department, Defense Department, State and Defense, Washington Post, Ukraine authorizations, Democratic Party, West Bank, White, New York, Facebook Locations: Israel, Ukraine, U.S, U.S . Department of State ;, Ukraine Israel, Gaza, American, Egypt, Russian, Rafah, Lebanon, Iran, Iranian, Syria, United States

☆ The US is rushing to get new Patriot air defense missiles to Ukraine before Russia can destroy more targets
▼ + stars: | 2024-04-27 | by ( Cameron Manley | ) www.businessinsider.com time to read: +3 min

The Pentagon said it would "rush" Patriot air defense missiles to Ukraine. US Defense Secretary Lloyd Austin said that Patriot missiles would not be a "silver bullet." AdvertisementThe US will "rush" Patriot air defense missiles to Ukraine as part of a military aid package, Defense Secretary Lloyd Austin has said. He said earlier this month that Ukraine needed "seven more Patriots or similar air defense systems" to defend its cities from Russian strikes. "'Patriots' can only be called air defense systems if they work and save lives rather than standing immobile somewhere in storage bases," Zelenskyy added on X.

Persons: Lloyd Austin, —, Austin, Mykola Oleshchuk, German Galushchenko, El, Volodymyr Zelenskyy, Zelenskyy Organizations: Pentagon, US, Patriot, Service, Defense, Ukrainian Energy, German, Facebook, Frankivsk, Patriots, for, El Pais, EU, NATO Locations: Ukraine, Russia, Dnipropetrovsk, Ivano, Lviv, Russian, Spanish, Spain

☆ See inside Marine One, the soundproof presidential helicopter that can seat 14 people and deploy anti-missile defenses
▼ + stars: | 2024-04-27 | by ( Talia Lakritz | ) www.businessinsider.com time to read: +1 min

Presidents travel in helicopters that are called Marine One when carrying the president. The aircraft feature extensive security measures and spacious, soundproof interiors. Marine One often picks up the president from the South Lawn of the White House for shorter trips. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementUS presidents travel in style with secure, state-of-the-art vehicles such as Air Force One and the bulletproof presidential limousine known as "The Beast."

Persons: — Organizations: White, Service, Air Force, Business

☆ F-16s headed to Ukraine this summer will face their most dangerous battlefield ever
▼ + stars: | 2024-04-27 | by ( Jake Epstein | ) www.businessinsider.com time to read: +11 min

Ukraine is slated to receive its much-anticipated fleet of F-16 fighter jets this summer. AdvertisementThe long-awaited delivery of F-16s to Ukraine is on the horizon, and these advanced American-made fighter jets can't come soon enough for its forces. The fighter jets are expected to arrive at some point this summer, reportedly as early as June. Romanian air force F-16 fighter planes fly above the Baza 86 military air base, outside Fetesti, Romania, Monday, Nov. 13, 2023. US Air Force F-16's stand ready with bombs loaded to take off during the first daylight attack to liberate Kuwait in 1991.

Persons: —, Falcon, SAMs, Alexandru, Egypt —, John Baum, Russia —, Baum, KIRILL KUDRYAVTSEV Russia's, Tannehill, Volodymyr Zelenskyy, Mark Rutte, Peter Dejong Organizations: Service, Russia's, Rygge Air Force Base, OLE BERG, Getty, NATO, Kyiv, Israeli Air Force, AP, US Air Force, Operation, Allied Force, Yugoslavia, Air Force, Defense Technical Information, Reuters, Storm, Russia, Mitchell Institute for Aerospace Studies, US Navy, SA, Russian, AIM, INA Locations: Ukraine, Balkans, Kyiv, Romania, Norway, AFP, — Belgium, Denmark, Netherlands, Europe, Lebanon's, Israel, Yom, Romanian, Fetesti, Storm, Iraq, Pakistan, Turkey, Egypt, Afghanistan, Islamic, Kuwait, Russian, Zhukovsky, Moscow, Bekaa, East, Syria, Russia, Ukrainian, Eindhoven, Rzeszow, Jasionka, Poland, Crimean

☆ Here are Friday's biggest analyst calls: Nvidia, Microsoft, Alphabet, Apple, Snap, Intel, Western Digital and more
▼ + stars: | 2024-04-26 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Here are Friday's biggest calls on Wall Street: Bank of America reiterates Alphabet as buy Bank of America said it is sticking with its buy rating on Alphabet following earnings Thursday. Deutsche Bank reiterates Snap as buy Deutsche Bank said it is sticking with its buy rating on the stock following earnings on Thursday. " Goldman Sachs reiterates Intel as sell Goldman Sachs said it is standing by its sell rating on Intel shares following earnings Thursday. Benchmark upgrades Western Digital to buy from hold Benchmark upgrades Western Digital following the company's "major upside" earnings report. Bank of America reiterates Nvidia as buy Bank of America said Nvidia remains a top idea at the firm.

Persons: Goldman Sachs, prioritization, Maxim, Bank of America downgrades Hertz, Raymond James, Knight, Morgan Stanley downgrades Mobileye, Morgan Stanley, Piper Sandler, Wells, Dow Organizations: Bank of America, Deutsche, Deutsche Bank, Microsoft, Intel, TAM, Apple, Barclays, Enphase Energy, Digital, " Bank of America, Sonic Automotive, underperform Bank of America, Underperform, of America, Nvidia, AMD, MU, Caterpillar, Air Defense, Swift Transportation, EPAM, IT Services, Materials, Compass Minerals, JPMorgan, Dow, Teledyne, HSBC Locations: China, underperform, Israel

☆ A NATO country is refusing to give Ukraine its Patriots because it says it needs them for itself
▼ + stars: | 2024-04-26 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +1 min

Greece's prime minister said his country cannot give Ukraine its Patriots due to security concerns. Kyriakos Mitsotakis said his country needs them to protect its own airspace. Ukraine has spent months begging its allies for Patriots to help fend off Russian attacks. AdvertisementOne of Ukraine's European allies is refusing to hand over Patriot air-defense systems because it says it needs them to protect its own airspace. Kyriakos Mitsotakis, the prime minister of Greece, said in an interview with Greek news outlet Iefimerida that his country would not provide Patriots or S-300 missile systems to Ukraine.

Persons: Greece's, Kyriakos Mitsotakis, —, Mitsotakis, Ukrainska Organizations: Patriots, Service, Ukrainska Pravda, Business Locations: Ukraine, Greece

☆ US announces $6 billion long-term military aid package for Ukraine
▼ + stars: | 2024-04-26 | by ( Haley Britzky | ) edition.cnn.com time to read: +3 min

CNN —US Defense Secretary Lloyd Austin announced on Friday a $6 billion long-term military aid package for Ukraine — the largest to date — which will allow the US to purchase new equipment produced by the American defense industry for the Ukrainian military. The announcement comes just days after the US announced a $1 billion package that would quickly provide equipment to Ukraine from US stocks, following President Joe Biden’s signing of a much delayed $95 billion supplemental aid package on Wednesday. Biden said moments after signing the legislation that shipments of aid to Ukraine would begin within hours. Equipment under the $6 billion package announced Friday, however, will take much longer to arrive. The USAI is intended to provide Ukraine with a long-term supply of weapons and equipment.

Persons: Lloyd Austin, ” Austin, Joe Biden’s, Biden, Austin, CQ, “ They’ve, ” Brown, Volodymyr Zelensky, ” Organizations: CNN, US, Ukraine —, Ukraine Security Assistance Initiative, Joint Chiefs, Staff, Contact Locations: Ukraine, Germany, Ukrainian

☆ Spain to send Patriot missiles to Ukraine amid mounting pressure from EU and NATO allies, report says
▼ + stars: | 2024-04-26 | by ( Cameron Manley | ) www.businessinsider.com time to read: +3 min

It follows Ukraine's urgent plea to NATO for more air defense systems. AdvertisementIt comes after German defense minister Boris Pistorius hit out at Spain and Greece for not having sent their Patriot systems to Ukraine. Spain has decided not to send any of its launchers for the Patriot system to Ukraine, however, the El Pais report said. It currently has three Patriot systems, all purchased from Germany in 2004 and 2014, the report added. "However, from the very beginning, we stated that we cannot give out defense systems that are crucial for our deterrence capabilities," he added.

Persons: —, El, Boris Pistorius, Volodymyr Zelenskyy, Putin, Zelenskyy, El Pais, Kyriakos Mitsotakis, Olaf Scholz, Scholz Organizations: NATO, Service, EU, Spanish Ministry of Defense, Business, Patriot, Telegraph, Patriots, El Locations: Spain, Ukraine, El Pais, Spanish, Turkish, Syrian, Greece, Germany, Soviet, Ukrainian

☆ This little-known drone stock is poised to rally more than 56%, Raymond James says
▼ + stars: | 2024-04-26 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Kratos Defense & Security Solutions is seeing its business thrive amid accelerating defense spending stemming from global conflicts, according to Raymond James. He also raised his price target by $7, or 35%, to $27, suggesting the stock could climb 56% from Thursday's close. "Kratos provides content on most of the major western air defense systems," Gesuale said in a report to clients after the market closed Thursday. At the same time, NATO's orders for Multiple Air Defense Systems, $11 billion of which require Kratos materials over several years, could also boost the stock, he added. KTOS YTD mountain Kratos shares over the past year.

Persons: Raymond James, Brian Gesuale, Kratos, Gesuale Organizations: Kratos Defense, Security, Air Defense, NATO, Arrow Systems, Multiple Air Defense Systems Locations: Thursday's, Israel, Ukraine, Taiwan, U.S

☆ Live Updates: Biden Speaks About Aid Package for Ukraine and Israel
▼ + stars: | 2024-04-24 | by ( Zolan Kanno-Youngs | ) www.nytimes.com time to read: +7 min

Artillery ammunition has been in short supply for the Ukrainian military for more than a year. Now that the Senate has approved a nearly $61 billion aid package to Ukraine, and with President Biden poised to sign it, desperately needed American weapons could be arriving on the battlefield within days. The Senate has approved a nearly $61 billion aid package to Ukraine. The Pentagon has prepared what a U.S. official said on Tuesday was a $1 billion military aid package to be rushed to Ukraine once Mr. Biden signs the funding bill. Jens Stoltenberg, NATO’s secretary general, said on Tuesday that the American aid package would allow for “advanced air-defense systems” to Ukraine but did not specify which kind.

Persons: Biden, Yehor Cherniev, Volodymyr Zelensky, Zelensky, Mr, —, Doug Mills, ATACMS, Lynsey Addario, Jens Stoltenberg, Stoltenberg, Mark Warner, ” Mr, Brendan Hoffman, Oksana Markarova, Markarova, “, Ms Organizations: Artillery, House Republicans, Ukrainian, Tactical Missile Systems, New York Times Artillery, NATO, Pentagon, U.S, Reuters, Artillery Rocket Systems, The New York Times, Patriot, “, Air Force, Democrat, Senate Intelligence, NBC, ., The New York Times Weapons, Ukrainska Pravda Locations: Donetsk, Ukraine, Russian, Russia, United, Kherson, United States, Germany, ”, American, Virginia, Kyiv, Ukraine’s, Europe

Israel welcomed a U.S. aid package signed by President Biden on Wednesday that will send about $15 billion in military aid to Israel, increasing American support for its closest Middle East ally despite strains in their relationship over Israel’s prosecution of the war in the Gaza Strip. “Our alliance is ironclad,” Israel Katz, the country’s foreign minister, said in a statement thanking Mr. Biden for signing the legislation. It was part of a long-stalled $95.3 billion in aid that had faced vehement opposition from some Republicans over its support for Ukraine, which is also part of the legislation, as is Taiwan. The aid for Israel includes more than $5 billion to replenish three of the country’s defense systems: Iron Dome, which intercepts rockets that fly in high arcs; David’s Sling, which shoots down drones, missiles and rockets; and Iron Beam, which was designed to use laser beams to destroy incoming projectiles. It also includes $1 billion to enhance the production and development of artillery and munitions and $2.4 billion for American military operations in the U.S. Central Command region, which includes the Middle East as well as parts of South Asia and East Africa.

Persons: Israel, Biden, ” Israel Katz, Mr Organizations: Ukraine, U.S . Central Command Locations: Israel, East, Gaza, Taiwan, South Asia, East Africa

☆ Middle East Crisis Israel Welcomes Senate Passage of Aid Bill
▼ + stars: | 2024-04-24 | by ( Matt Surman | ) www.nytimes.com time to read: +3 min

An additional $2.4 billion is directed to U.S. military operations in the Middle East. Another $9 billion would go to “worldwide humanitarian aid,” including for civilians in Gaza. The package bars any of the funding from going to UNRWA, the main United Nations agency that provides aid to Palestinians in Gaza. The aid that is getting into Gaza is falling far short of the needs of its desperate population. Countries including the United States have tried to find air and sea routes to get more relief supplies in.

Persons: Israel Katz, “, Biden, Catie Edmondson, Robert Jimison Organizations: Wednesday, U.S . Senate, Ukraine, UNRWA, United Nations, United, Democrats, Democratic, U.S Locations: Israel, Gaza, United States, Rafah, U.S

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