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☆ The Pentagon is moving toward letting AI weapons autonomously decide to kill humans
▼ + stars: | 2023-11-22 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

The US is among countries arguing against new laws to regulate AI-controlled killer drones. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe deployment of AI-controlled drones that can make autonomous decisions about whether to kill human targets is moving closer to reality, The New York Times reported. Lethal autonomous weapons, that can select targets using AI, are being developed by countries including the US, China, and Israel. AdvertisementFrank Kendall, the Air Force secretary, told The Times that AI drones will need to have the capability to make lethal decisions while under human supervision.

Persons: Critics, —, Israel —, Alexander Kmentt, Kathleen Hicks, Army's, We'll, Frank Kendall Organizations: Service, New York Times, UN, Times, Defense, PLA, Reuters, Air Force, Pentagon Locations: China, Israel, Russia, Australia, Ukraine

☆ To Become a World-Class Chipmaker, America Might Need Help - The New York Times
▼ + stars: | 2023-11-17 | by ( Peter Coy | ) www.nytimes.com time to read: +2 min

I’m going to decline a $2.25 order in almost every instance. L.A. SchwartzUnion, Ky.You quoted the great economist Frank Knight. Here is a story about Frank Knight and George Stigler you might find interesting. In 1962 I was a research assistant to George Stigler at the University of Chicago. I now have a copy of ‘The Wealth of Nations’ that I can prove was read by Frank Knight.”

Persons: Adam Ozimek, ”, I’m, L.A, Frank Knight, George Stigler, Adam Smith’s “, ” Knight, Stigler, Knight, George, “ Organizations: Economic Innovation, Schwartz Union, University of Chicago, Nations Locations: United States, Ky

☆ An embarrassing Russian defeat a century ago is a warning about the risks of losing a war to China now, top US Air Force official says
▼ + stars: | 2023-10-26 | by ( Benjamin Brimelow | ) www.businessinsider.com time to read: +8 min

In May 1905, Russia's navy suffered a resounding defeat by the Japanese at the Battle of Tsushima. The battle is a lesson about complacency in the face of new threats, a top US Air Force official says. AdvertisementAdvertisementGreat-power competitionJapanese soldiers relieve Russian troops in an outer fort at Port Arthur after the Russian surrender in 1905. Proctor via Wikimedia Commons"The Battle of Tsushima Straits did not go well for Russia," Kendall, a self-proclaimed history buff, said at the conference. If our power-projection capability and capacity are not adequate to deter Chinese aggression against Taiwan or elsewhere, war could occur," Kendall said.

Persons: —, Frank Kendall, Kendall, aren't, George Rinhart, Port Arthur —, Korea's, Shigetada Seki, Port Arthur, Oriol, Tsushima, Oleg, Proctor, Theodore Roosevelt Organizations: Russia's, Russo, US Air Force, Service, Air Force, Air and Space Forces Association, Getty, Imperial, Siberian Railway, Asahi, Wikimedia, Imperial Japanese Navy, Russian, Baltic Fleet, 2nd Pacific Squadron, Wikimedia Commons, Mukden, Japanese Defense Ministry, US Defense Department Russia's Locations: Tsushima, Japanese, Asia, European, Imperial Japan, Imperial Russia, Pacific, Japan, Russia, China, Port, Europe, Korea, Dalian, Liaodong, Port Arthur, Tokyo, Russian Pacific, Chemulpo, Ulsan, Baltic, Russian, Vladivostok, Philippines, Madagascar, Manila Bay, Shandong, Okinawa, US, Britain, Germany, Imperial Germany, South, Soviet Union, Manchuria, Taiwan

On Tuesday, more ships and forces were heading toward Israel, and other troops in the U.S. were preparing to deploy if called on. The buildup reflects growing U.S. concern that the deadly fighting between Hamas and Israel will escalate into wider regional conflict. The Pentagon has said those troops are not participating in any hostage rescues and there are no other U.S. military forces on the ground in Israel. AND MORE TROOPS ARE GETTING READYAustin ordered about 2,000 U.S. forces to be prepared to deploy if needed in the coming days and weeks. She said the troops would be able to respond quickly, particularly to provide intelligence and surveillance, transportation and medical assistance.

Persons: Gerald R, Lloyd Austin, Dwight D, USS Carter, Austin, Israel, Frank Kendall, Sabrina Singh Organizations: WASHINGTON, U.S, Ford, Pentagon, Eisenhower, Bataan, 26th Marine Expeditionary Unit, USS, Aircraft, Dome, Israeli Defense Forces, AIR FORCE, Air Force, Atlantic Council, U.S . Air Force, Army Locations: U.S, Israel, Iran, Mesa Verde, Bataan, Gulf, Gaza, Syria

Chief among those is getting munitions for Israel's Iron Dome air defense system sped along. President Joe Biden said Tuesday that resupplying Iron Dome munitions and air defense systems was an immediate priority. “We’re surging additional military assistance, including ammunition and interceptors to replenish Iron Dome,” Biden said. Raytheon produces most of the missile components for Iron Dome in the U.S., and the Army has two Iron Dome systems in its stockpile. Neither the Air Force nor Central Command would comment on what additional missions U.S. airpower might take on in response to the conflict.

Persons: Lloyd Austin, Joe Biden, ” Biden, “ We’re, Gerald R, Dwight D, Eisenhower, Biden, John Kirby, Frank Kendall, Kendall, hadn't, Colleen Long Organizations: WASHINGTON, Hamas, Israel . Defense, Raytheon, Israel Defense Forces, Iron Dome, Army, Pentagon, Ford, Italian Navy, Hawkeye, Eisenhower, AIR FORCE, Air Force, Atlantic Council, U.S . Air Force, Central Command, Associated Press Locations: U.S, Norfolk , Virginia, Israel, Iran, Iron, Syria

Pay transparency, supporters say, will prevent employers from offering some job candidates less or more money based on age, gender, race or other factors not related to their skills. Advocates believe the change also could help underpaid workers realize they make less than people doing the same job. A similar pay transparency ordinance has been in effect in New York City since 2022. There’s a demand from workers to know of the pay range,” said Da Hae Kim, a state policy senior counsel at the National Women's Law Center. State Senator Jessica Ramos, a Democrat representing parts of Queens, said the law is a win for labor rights groups.

Persons: ”, Da Hae Kim, Kathy Hochul, Frank Kerbein, Kerbein, Allen Shoikhetbrod, Tully Rinckley, Jessica Ramos, Khan, Maysoon Organizations: National Women's Law, Gov, Compliance, New York Business Council, Associated Press, America Statehouse News Initiative, America, Twitter Locations: ALBANY, N.Y, New York, New York City, California, Colorado, Queens

U.S. Air Force Secretary Frank Kendall does not shy away from commenting on controversy — even as it relates to the world's richest person and a key Department of Defense contractor. The Air Force works with the company on a variety of missions, such as national security launches, but did not play a role in the use of Starlink in Ukraine when Musk made the decision last September. I think they were definitely donating their services essentially, so they had discretion," Kendall said in an interview with CNBC's Morgan Brennan from the Air Force Association's annual Air, Space & Cyber conference. The Pentagon now has a contract with SpaceX for Starlink services in Ukraine. We write agreements with those businesses, they get us what we need at a reasonable cost," said the Air Force secretary.

Persons: Frank Kendall, Kendall, Elon Musk, Sen, Elizabeth Warren, Musk, CNBC's Morgan Brennan, Morgan Brennan, Walter Isaacson's, Elon, — Organizations: Air Force, of Defense, SpaceX, The Air Force, Pentagon, SpaceX — Locations: Ukraine, Starlink

☆ Air Force Sec. Frank Kendall: We're focusing on modernization to be more competitive
▼ + stars: | 2023-09-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAir Force Sec. Frank Kendall: We're focusing on modernization to be more competitiveAir Force Sec. Frank Kendall, joins 'Closing Bell Overtime' to talk China's military threat, modernizing the U.S. military, a possible government shutdown and more.

Persons: Frank Kendall, We're Organizations: Email, Force, Air Force, .

Excerpts of a new biography of Musk published by The Washington Post last week revealed that the Ukrainians in September 2022 had asked for the Starlink support to attack Russian naval vessels based at the Crimean port of Sevastopol. However, in the months since, the U.S. military has funded and officially contracted with Starlink for continued support. Until Musk’s refusal in Ukraine, there had not been a focus on whether there needed to be language saying a firm providing military support in war had to agree that that support could be used in combat. “We acquire technology, we acquire services, required platforms to serve the Air Force mission, or in this case, the Department of the Air Force,” said Andrew Hunter, assistant secretary of the Air Force for acquisition, technology and logistics. “So that is an expectation, that it is going to be used for Air Force purposes, which will include, when necessary, to be used to support combat operations.”

Persons: Elon Musk’s, Frank Kendall, Musk, he'd, Starlink, Kendall, ” Kendall, “, Mike Minihan, ”, Andrew Hunter Organizations: SpaceX, Air Force, The Washington Post, U.S ., Pentagon, Air Force Association, Air, Air Mobility Command, ”, ” As U.S, ., Department of Locations: Md, Ukraine, Crimea, Sevastopol, Russia, Harbor , Maryland, ” As

☆ Nearly five decades after the fall of Saigon, U.S. will help Vietnam boost its military capabilities
▼ + stars: | 2023-09-11 | by ( Emma Kinery | ) www.cnbc.com time to read: +2 min

"The United States is committed to continuing to assist Vietnam to develop its self-reliant defense capabilities in accordance with the needs of Vietnam and established mechanism.". Biden said the move represented how much relations have moved on from the "bitter past" of the Vietnam War. "We can trace a 50-year arc of progress between our nations, from conflict to normalization, to this new elevated status," Biden said Sunday. "Vietnam and the United States are critical partners at what I would argue is a very critical time," Biden said. "We think too much in Cold War terms," Biden said.

Persons: Joe Biden, Nguyễn Phú, Biden, I'm, We're, Air Force Frank Kendall, Kendall Organizations: China, Group, Pentagon, ., Air Force, Air and Space Forces Association Locations: Saigon, United States, China, Vietnam, Hanoi , Vietnam, New Delhi, India, Hanoi

☆ In U.S.-China AI contest, the race is on to deploy killer robots
▼ + stars: | 2023-09-08 | by ( ) www.reuters.com time to read: +26 min

In this high-tech contest, seizing the upper hand across fields including AI and autonomous weapons, like Ghost Shark, could determine who comes out on top. This could become critical if the United States intervened against an assault by Beijing on Taiwan. Cheap and expendableThe AI military sector is dominated by software, an industry where change comes fast. Still, the available disclosures of spending on AI military research do show that outlays on AI and machine learning grew sharply in the decade from 2010. The Costa-Mesa, California-based company now employs more than 1,800 staff in the United States, the United Kingdom and Australia.

Persons: America’s, Shane Arnott, Anduril, ” Arnott, Arnott, ”, “, Mick Ryan, Eric Schmidt, hasn’t, Lloyd Austin, –, Stuart Russell, Russell, Kathleen Hicks, “ We’ll, Palmer Luckey, Luckey, ” Arnott didn’t, Biden, Tsai Ing, Frank Kendall, Datenna, Martijn Rasser, Feng Yanghe, Feng, Palmer, ” Anduril, Arnott wouldn’t, David Lague, Edgar Su, Catherine Tai, Peter Hirschberg Organizations: Australian Navy, Ghost Sharks, Sharks, Reuters, Defense, Australian, Chinese Communist Party, Beijing, People’s Liberation Army, PLA, Department of Defense, Pentagon, Australia’s Department of Defence, Australian Defence Force, Technologists, University of California, U.S ., U.S, Teledyne FLIR, Facebook, VR, Military, . Air Force, FH, U.S . Central Intelligence Agency, Department, Statistics, Harvard University, Biden Administration, Special, Command, Ministry of Defense, Veteran Locations: China, Australia, United States, Sydney, Britain, Japan, Singapore, South Korea, Europe, Asia, Ukraine, ”, America, U.S, Taiwan, East Asia, Beijing, Russian, Berkeley, Fort Campbell , Tennessee, Kenya, “, Russia, Colorado, Zhuhai, Netherlands, Costa, Mesa , California, United Kingdom, Virginia, Canberra, Washington

☆ Sen. Tuberville slammed poetry by US sailors that is a time-honored tradition
▼ + stars: | 2023-09-07 | by ( Chris Panella | ) www.businessinsider.com time to read: +6 min

Sen. Tuberville called out "wokeness" in the Navy, saying people are reading "poems on aircraft carriers." But the art form has been a long been a part of military service, especially for sailors. Tuberville faces widespread criticism for blocking hundreds of promotions over the Pentagon's abortion policy. Tuberville's comments on poetry and "wokeness" in the Navy come seemingly out of nowhere — especially considering the art form has a long history for sailors. Sailors assigned to the Los Angeles-class attack submarine USS Albuquerque SSN 706 stand watch as the boat departs Diego Garcia.

Persons: Sen, Tuberville, Tommy Tuberville, We've, Carlos Del Toro, Del Toro, Christine Wormuth, Frank Kendall, Mark Milley, Roe, Wade, John C, Steve Smith, Roosevelt, Champlain, Sailors, Diego Garcia, Jeremy Gross, Smith, it's, Marines I've, Nolan Peterson Organizations: Navy, Service, Alabama Republican, US Navy, Fox, Air Force, Washington Post, Joint Chiefs, Staff, Carrier Air Wing, Nimitz, Stennis, U.S . Navy, Getty, The Washington Post, USS, Marines, US Air Force, Council's Eurasia Locations: Wall, Silicon, Alabama, Yorktown, Los Angeles, Albuquerque, Iraq, Afghanistan

Washington CNN —The three US military service secretaries went on the offensive against Republican Sen. Tommy Tuberville over his ongoing hold on senior military nominations in an interview with CNN on Tuesday, saying he is aiding communist and autocratic regimes, and being used by adversaries like China against the US. “That is what the American people truly need to understand.”“It is just unprecedented to be attacking apolitical general officers and flag officers in this way. But placing a blanket hold on all general and flag officer nominees, who as apolitical officials have traditionally been exempt from the hold process, is unfair to these military leaders and their families. It is time to lift this dangerous hold and confirm our senior military leaders.”“Chuck Schumer could confirm all of the service chiefs in one day—but he refuses. Wormuth said Tuesday that she’s worried the hold will impact morale among lower-ranking officers.

Persons: Republican Sen, Tommy Tuberville, Frank Kendall, CNN’s Jake Tapper, Carlos Del Toro, Christine Wormuth, ” Kendall, “, ”, ” Del Toro, Del Toro, Wormuth, ” Wormuth, Chuck Schumer, ” Steven Stafford, Tuberville, ” Tuberville, Mitch McConnell, C.Q . Brown, Joe Biden, Mark Milley, she’s Organizations: Washington CNN, Republican, CNN, ” Air Force, an Air Force, “ Senators, Biden, Pentagon, Department, Joint Chiefs of Staff, Air Force, Army, Marine Corps, Missile Defense Agency Locations: China, United States, Washington ,, Cuba, Washington, Alabama

☆ Sen. Tuberville is blocking military promotions and it's going to make top talent quit for the private sector, top officers of Army, Navy, and Air Force say
▼ + stars: | 2023-09-05 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +2 min

Secretaries of the Army, Navy, and Air Force condemned Sen. Tuberville's blocking of military promotions. They suggested in The Washington Post that top military talent may flee for the private sector. Tuberville has blocked hundreds of promotions in protest of the Pentagon's abortion policies. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. Del Toro, Kendall, and Wormuth say that Tuberville's actions are putting the country's "national security at risk," and directly harming service members and their families.

Persons: Sen, Tommy Tuberville's, Carlos Del Toro, Frank Kendall, Christine Wormuth —, —, Tuberville, Del Toro, Kendall, Wormuth Organizations: Army, Navy, Air Force, The Washington Post, Service, US Army, Washington Post, Defense Department Locations: The, Tuberville, Wall, Silicon, Washington

Col. Yurii Ihnat, Ukraine’s air force spokesman, believes that two squadrons, each of 12 planes, would begin to turn the tables. Mads Claus Rasmussen/Ritzau Scanpix/ReutersBut the F-16 has never gone up against Russian air defenses in the real world. “Russian air defenses are very formidable.”Rapid trainingTraining programs are getting underway for the first batches of Ukrainian pilots – in Denmark, Romania and the United States. Ihnat says about 30 Ukrainian air force pilots have adequate English, the absolute minimum required to stand up two squadrons. The Ukrainian Air Force has long been working on improving and protecting airfields that would accommodate the F-16s.

Persons: Volodymyr Zelensky, Piroschka van de Wouw, Yurii, Volodymyr Zelenskiy, Mette Frederiksen, Mads Claus Rasmussen, Ritzau Scanpix, ”, Mark Cancian, ” Ihnat, Oleksii Reznikov, Ihnat, Cancian, ” Cancian, James B, Hecker, ” Hecker, Frank Kendall, it’s, Mykola Oleshchuk, Su, Kendall, Biden Organizations: CNN, Air Force, Reuters, Denmark's, Center for Strategic, International Studies, Rapid, Reuters Ukrainian Defense, Ukrainian, Air Missiles, Radiation, CSIS, NATO, US, Accounting, US Air Force, US Air Forces Europe, SA, Ukrainian Air Force Locations: Danish, Russian, Netherlands, Denmark, Norway, Ukraine, Romania, United States, Greece, Israeli, Russia

☆ The US Air Force is tinkering with an unusual design for its biggest planes as it prepares for a potential long-range war with China
▼ + stars: | 2023-08-20 | by ( Christopher Woody | ) www.businessinsider.com time to read: +8 min

The US Air Force sees all those qualities as vital for success in a war in the Pacific region. US Air Force/Air Force AssociationThe design blends the wings and the fuselage, "decreasing aerodynamic drag by at least 30% and providing additional lift," the Air Force said in a release. A US Air Force flight engineer guides an R-11 Refueler next to a C-5M cargo plane at Dover Air Force Base in Delaware in March. A C-130 Hercules lands at Northwest Field, next to Andersen Air Force Base on Guam in February 2010. JetZero has already unveiled a Blended Wing design that the company says will provide a midmarket commercial airliner that's more efficient than the planes it seeks to replace.

Persons: Frank Kendall, Kendall, Air and Space Forces Association . Chaudhary, O'Leary, Tom O'Leary, JetZero, Marco Gomez, Ravi Chaudhary, we've, Tom Jones, Albert Miller, Andrew G, Miller, Jones, Chaudhary, Kathleen Hicks Organizations: Pentagon, US Air Force, Service, Air Force, Air and Space Forces Association ., Air Force Association, The Air Force, Dover Air Force Base, Staff, Northrop Grumman, China's, Air Mobility Command, Northwest Field, Andersen Air Force Base, Refueling, KC, Air Force's, Department Locations: Pacific, Wall, Silicon, China, Delaware, Guam

CNN —President Joe Biden has decided that the headquarters of US Space Command will remain in Colorado and not move to Alabama, two US officials told CNN on Monday, reversing a decision by then-President Donald Trump. US Space Command, which is a joint command and separate from the US Space Force military branch, is currently housed in Colorado Springs, but the Air Force recommended near the end of Trump’s presidency that the command be moved to Huntsville, Alabama. Former Air Force Secretary Barbara Barrett also chose Huntsville as the preferred location for SPACECOM headquarters in 2021. Colorado Springs is home to Peterson Space Force Base, previously known as Peterson Air Force Base. Rep. Doug Lamborn, a Republican from Colorado and chair of the House Armed Services subcommittee on strategic forces, hailed Biden’s decision to keep Space Command headquarters at Peterson Space Force Base, calling it “the most viable option” and the “best permanent home” for the military’s newest combatant command.

Persons: Joe Biden, Donald Trump ., Frank Kendall, Biden, Barbara Barrett, James Dickinson, Defense Lloyd Austin, Kendall, ”, Republican Sen, Tommy Tuberville, Tuberville, SPACECOM, Tuberville’s, ” Tuberville, “, Katie Britt, Biden “ irresponsibly, yank, Robert Aderholt, Doug Lamborn Organizations: CNN, US Space Command, Donald Trump . US Space Command, US Space Force, Air Force, Huntsville , Alabama . Air Force, Force, Former Air Force, Huntsville, Space Command, Defense, of, Republican, The Department of Defense, Alabama, Department of Defense’s, ” Republican, Arsenal, Missile Defense Command, Colorado Springs, Peterson Space Force Base, Peterson Air Force Base, House Armed, “, Associated Press, SPACECOM Locations: Colorado, Alabama, Colorado Springs, Huntsville , Alabama, SPACECOM, Huntsville

☆ Biden has decided to keep Space Command in Colorado, rejecting move to Alabama, officials say
▼ + stars: | 2023-07-31 | by ( ) www.cnbc.com time to read: +3 min

U.S. President Joe Biden gestures as he boards Air Force One to depart for Washington from Maxwell Air Force Base in Montgomery, Alabama, U.S. March 5, 2023. The officials said Biden was convinced by the head of Space Command, Gen. James Dickinson, who argued that moving his headquarters now would jeopardize military readiness. Formally created in August 2019, the command was temporarily based in Colorado, and Air Force and Space Force leaders initially recommended it stay there. And Colorado Springs is also home to the Air Force Academy, which now graduates Space Force guardians, and more than 24 military space missions, including three Space Force bases. According to officials, Air Force Secretary Frank Kendall, who ordered his own review of the matter, leaned toward Huntsville, while Dickinson was staunchly in favor of staying put.

Persons: Joe Biden, Trump, Biden, James Dickinson, Alabama Republican Sen, Tommy Tuberville, Tuberville, Formally, Donald Trump, Frank Kendall, Dickinson, Lloyd Austin Organizations: Air Force, Maxwell Air Force Base, Space Command, Alabama, Alabama Republican, Defense Department, Space Force, Air Force Academy, Saturn, Missile Defense Command, Biden Locations: Washington, Montgomery , Alabama, U.S, Colorado, Alabama, Huntsville , Alabama, Colorado Springs, China, Huntsville

☆ A showdown with one senator over hundreds of generals and admirals is set to ripple through the US military
▼ + stars: | 2023-07-11 | by ( Christopher Woody | ) www.businessinsider.com time to read: +13 min

Waiting to replacing him is Gen. Eric Smith, and he will continue waiting until one senator lifts holds on the promotions of more than 250 generals and admirals. Tuberville's hold targets uniformed military officers over a policy set by the US military's civilian leadership, diverging from the longstanding manner in which members of Congress have expressed displeasure with such policies. Kelsey Dornfeld"Uniformed military officers do not set policy. 'We will lose talent'Maj. Gen. Eric Smith receives his three-star rank insignia during a ceremony in Okinawa in August 2018. "It is the personal development, it is the family understanding and predictability" that will be affected, Adm. John Aquilino, head of US Indo-Pacific Command, told senators in April.

Persons: Sen, Tommy Tuberville, Tuberville, David Berger, Eric Smith, Biden, —, Katherine Kuzminski, Sergeant, Marine Corps Troy Black, Kelsey Dornfeld, They're, Kuzminski, Berger, It's, Defense Lloyd Austin III, Austin, that's, Smith, Olivia G, Ortiz, Benjamin Northcutt, Christopher Cavoli, Michael Gilday, Lisa Franchetti, MCS2 La’Cordrick Wilson, John Aquilino, James McConville, McConville, Frank Kendall, Charles Brown Jr, Kendall, Brown, Drew Angerer, Mitch McConnell, Jack Reed's, Defense Lloyd Austin, Mark Milley, Alex Wong, Reed, Elizabeth Warren Organizations: Service, US Marine Corps, Pentagon, Department, US, Military, Veterans, Center, New, New American Security, Marine Corps, Staff, Uniformed, Defense, United States, Washington DC, Senate Armed Services Committee, US Army Europe, US Army, US European Command, NATO's Military, Naval Reactors, US Navy, Pacific Command, " Air Force, Savannah, Joint Chiefs of Staff, Capitol, Republican, CNN, Joint Chiefs Locations: Wall, Silicon, New American, Okinawa, Germany, Cavoli, Pacific, California, South Korea, Alabama

☆ Here are Friday's biggest analyst calls: Apple, Amazon, Broadcom, Bowlero, Microsoft, Rivian & more
▼ + stars: | 2023-06-02 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Friday's biggest calls on Wall Street: Bank of America reiterates Broadcom as buy Bank of America raised its price target on the stock to $950 per share from $800 after Broadcom's earnings report on Thursday. "Our new PO of $950 (from $800) represents 21x CY24E EV/FCF as AI accelerates company growth potential. Bank of America reiterates Five Below as buy Bank of America said the discount retailer has "recession resilience." Bank of America upgrades Surgery Partners to buy from neutral Bank of America said the health care company has " favorable long-term tailwinds." Bank of America reiterates Lululemon as buy Bank of America said Lululemon is a "best-in-class growth story."

Persons: it's, Riley FBR, Riley, Piper Sandler downgrades, Piper, Morgan Stanley, Apple, it's bullish, Wells, Stifel, Goldman Sachs, Goldman, 100bps, Frank Klein, Tim Fallon, Tim Bei, Derek Mulvey, RIVN, Lululemon Organizations: Bank of America, Broadcom, Warner Music, JPMorgan, Energy, Surgery Partners, of America, Partners, Amazon, Microsoft, ISI, Barclays, Strategic Finance, Citi, Frontier Citi, LaGuardia, Spirit Airlines, Watch Locations: Valvoline, Biopharma, Agriculture, Normal , IL

☆ Yogi Berra: ‘It Ain’t Over’ documentary reassesses baseball great’s remarkable career and life
▼ + stars: | 2023-05-31 | by ( Don Riddell | ) edition.cnn.com time to read: +11 min

CNN —Yogi Berra famously said “It ain’t over ‘til it’s over,” but one of the greatest careers in baseball history might have been over before it had even begun. He was injured during the attack, he pulled bodies out of the water, and he learned that in comparison to war, baseball would be easy. In a file photo -- September 28, 1955 -- Jackie Robinson (R) is safe under an attempted out by Yankee catcher Yogi Berra, on a steal home from third. I don’t think anything that anyone said or wrote took any of that joy away from him. I don’t think Grandpa meant to be a civil rights activist,” explained Lindsay, “He just did the right thing.

Persons: Yogi Berra, Berra, ”, Lindsay, “, Bob Costas, Granny Hamner, Don Larsen, Billy Crystal, Yogi, ” Berra, Joe Di Maggio, Mickey Mantle –, Jackie Robinson, Frank Kellert, Larry Berra, Barack Obama, Alex Wong, ” Lindsay, ’, ‘ we’re, ’ ”, “ There’s, grandpa, ESPN’s, he’d, Grandpa, you’ve, Jon Matlack, Robinson, “ Grandpa, Jackie, Kathy Willens Organizations: CNN, Yankee, Yankees, Philadelphia Phillies, New York Yankees, AP, Life Magazine, Bettmann, American, Observers, Dodgers, Getty, White, Mets, ” New York Yankees Hall of Fame, Toronto Blue Jays, Steinbrenner, “ Locations: Normandy, American, New York, Washington , DC, Europe, ”, Tampa , Fla, Maryland

☆ Flying the F-16 in Ukraine is 'high risk,' and Kyiv's air forces can't just fly the fighter jet headlong into Russia's defenses
▼ + stars: | 2023-05-27 | by ( Ryan Pickrell | ) www.businessinsider.com time to read: +11 min

If Kyiv's air forces get the jet as expected, they won't be able to fly them directly at Russian defenses. "And nobody's advocating for that," an air power expert told Insider. Regardless of which jet Ukraine gets, putting fourth-generation air power like the F-16 into a high-intensity conflict is "high risk," Birkey said. A pair of US Air Force F-16 Fighting Falcons US Air Force photo by Staff Sgt. In a recent opinion article for Air and Space Forces Magazine, Larry Stutzriem, a retired Air Force major general and former F-16 pilot, pointed to an Israeli Air Force operation against well-defended Syrian targets in Lebanon in 1982.

☆ U.S. Air Force to award sixth-generation fighter contract in 2024
▼ + stars: | 2023-05-18 | by ( ) www.reuters.com time to read: +1 min

May 18 (Reuters) - The U.S. Air Force intends to award a contract in 2024 for its sixth-generation fighter jet as it races to retain its edge against rapid advances in Chinese military technology, the service said on Thursday. The Air Force released a classified solicitation to industry on Thursday laying out the technical requirements. The new fighter will "survive, persist, interoperate, and adapt in the air domain, all within highly-contested operational environments," Air Force Secretary Frank Kendall said in a statement. "No one does this better than the U.S. Air Force, but we will lose that edge if we don't move forward now." The Air Force plans to spend $2.3 billion on the program in fiscal 2024, and an additional $595 million to continue engine development for the new fighter.

☆ The stealth F-22 Raptor's days are numbered, and the Air Force is officially looking for designs for the fighter jet's next-gen replacement
▼ + stars: | 2023-05-18 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

The Air Force is officially seeking designs for the next-gen fighter to replace the F-22 Raptor. "We will lose that edge if we don't move forward now," Frank Kendall, Air Force secretary, said. "No one does this better than the US Air Force, but we will lose that edge if we don't move forward now." There are two of these sixth-generation projects currently underway, one for the Air Force and the other for the Navy. The Air Force has pushed for the retirement of some earlier F-22s, but it has received pushback from Congress.

☆ The US Air Force has big plans for the next-generation drones that will fight alongside its fighters and bombers
▼ + stars: | 2023-05-03 | by ( Benjamin Brimelow | ) www.businessinsider.com time to read: +9 min

It's now developing collaborative combat aircraft, which can fight alongside piloted jets or on their own. A need for 'affordable mass'MQ-9s on a runway at Holloman Air Force Base in New Mexico in April. Worse, the Air Force faces a pilot shortage and its overall number of flight hours has been decreasing. The Air Force also continues to develop top-tier assets like the F-35, the B-21 stealth bomber, and the Next Generation Air Dominance program, or NGAD. "Without it, it's very difficult to envision how we could keep the Air Force at the size it currently is."

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