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President Biden requested an additional $106 billion to the DoD budget, citing the Israel-Hamas war and other global conflicts. The CEO of military contractor RTX said Tuesday the company could "benefit" from an increased DoD budget. RTX Corporation, formerly known as Raytheon, is a long-time US defense contractor which has worked on supplying Israel's Iron Dome since 2014. Liwag asked how quickly RTX Corporation, formerly known as Raytheon Corporation, could profit if Congress approves President Biden's request for a DoD budget increase in 2024. He called the budget request "a smart investment" in American security and emphasized the need to support Israel's Iron Dome.
Persons: Biden, RTX, , Greg Hayes, Hayes, Kristine Liwag, Morgan Stanley, Liwag, Biden's, you've, Liwang, Israel, Kevin McCarthy's, Jake Sullivan, USA, Sam Deneke Organizations: RTX Corporation, Raytheon, Service, RTX, US Department, Raytheon Corporation, Israel, Raytheon Defense, CNBC, Israeli Defense Force, Rafael Advanced Defense Systems, DoD, Republican Party, National, U.S . Department of Defense, Corporation Locations: Israel, Ukraine, Gaza, U.S, Egypt
Armies around the world are testing high-energy laser weapons to intercept targets. If their claims are true, it would mean that China has leapfrogged ahead of the US in developing high-energy laser weapons that could be used on the battlefield. The capability China's military scientists claim to have developed, however, has not yet been seen in action. Laser beams can heat up gas in the air, which can reduce the quality of the beam and cause damage inside the laser chamber, according to the report. The Marines have tested a Compact Laser Weapons System in the range of 2 to 10 kilowatts, and the Air Force has received high-energy laser pods for its fighter jets.
Persons: Steve Weaver, Lockheed Martin Organizations: Service, China Morning, National University of Defence Technology, Optica Sinica, British, Energy, Lockheed, US Department of Defense's, US Army, Marines, Air Force, Defense Department, Office Locations: China, Wall, Silicon, Hunan, Optica, United States, Portland
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