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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThese companies are leading the charge to manufacture materials in spaceSpace offers a unique environment for research and development because its higher levels of radiation, microgravity and near vacuumless state allow companies to come up with new manufacturing methods or materials that are not possible on Earth. CNBC spoke with two companies, California-based Varda Space Industries and UK-based Space Forge, to see how the startups hope to make manufacturing in space a profitable business.

Persons: Varda Organizations: Space, CNBC, Varda Space Industries Locations: vacuumless, California

☆ Why startups are investing millions to make drugs and semiconductors in space
▼ + stars: | 2023-08-20 | by ( Magdalena Petrova | ) www.cnbc.com time to read: +4 min

Now, several space startups see an opportunity to satisfy in-space manufacturing demand using compact space factories. One company is Varda Space Industries in Southern California. Varda Space Industries' first pharmaceutical manufacturing satellite and reentry vehicle attached to a Rocket Lab Photon bus. Years of research have shown that protein crystals grown in space are much higher quality than those grown on Earth. Across the Atlantic in Cardiff, Wales, Space Forge is working on designing its own in-space factory to manufacture next-generation semiconductors.

Persons: Ilan Rozenkopf, Joe Biden, Varda, Asparouhov, we've, Andrew Parlock Organizations: pharma, McKinsey . Space, NASA, ISS, Varda Space Industries, Pfizer, Space Locations: vacuumless, Southern California, U.S, Cardiff , Wales, Space Forge's

☆ Israel says Arrow-3 missile-killer sale to Germany approved by U.S.
▼ + stars: | 2023-08-17 | by ( Dan Williams | ) www.reuters.com time to read: +2 min

REUTERS/Amir Cohen/FILE PHOTO Acquire Licensing RightsJERUSALEM, Aug 17 (Reuters) - The United States approved a $3.5 billion sale of Israel's Arrow-3 missile defence system to Germany on Thursday, clearing the way for delivery in 2025 and full operational deployment by 2030, Israeli officials said. The U.S. is a partner in the Arrow project, which was developed jointly by the Israel Missile Defence Organisation and the United States Missile Defense Agency. The Germany deal, which would be Israel's biggest ever defence sale, follows a European arms build-up in response to Russia's war in Ukraine. While Patriot and IRIS-T cover the medium layer of air defence, Arrow-3 - in whose production Boeing Co (BA.N) is also involved - offers protection for the higher layer. Israel's Army Radio said the signing ceremony with Germany on the Arrow-3 sale was expected to take place in November.

Persons: Amir Cohen, Moshe Patel, Patel, Boaz Levy, Dan Williams, Tom Hogue, Raju Gopalakrishnan Organizations: REUTERS, Rights, United, Israel Missile Defence Organisation, United States Missile Defense Agency, Israel's Defence Ministry, Israeli Missile Defence Organisation, Israel Aerospace Industries, IRIS, Boeing Co, Israel's Army Radio, Thomson Locations: Ashdod, United States, Germany, U.S, Ukraine, Israel, Russia

☆ Raymond James says this satellite stock can jump 40% and could even double
▼ + stars: | 2023-08-07 | by ( Hakyung Kim | ) www.cnbc.com time to read: +1 min

Raymond James sees big gains ahead for satellite services company EchoStar . He set a base case price target of $28, which implies more than 44% upside from Friday's close. S-band refers to a frequency level critical to radars and satellite communication, used by shipping, aviation and space industries. EchoStar has S-band holdings worldwide that could generate significant revenue starting 2027, according to Prentiss. The analyst also set a bull case price target of $46, suggesting shares could rally up to 137% in an optimistic S-band expansion scenario.

Persons: Raymond James, Ric Prentiss, Prentiss, —, Michael Bloom Organizations: U.S . Locations: Prentiss

☆ South Korean defense stocks power ahead as overseas interest grows for weapon systems
▼ + stars: | 2023-08-04 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +6 min

In this handout image released by the South Korean Defense Ministry via Dong-A Daily, a missile is fired during a joint training between the United States and South Korea on June 6, 2022 in East Coast, South Korea. South Korean Defense Ministry | Getty ImagesSouth Korean defense stocks have recorded stellar gains over the past 12 months, with one stock soaring more than 60% as tensions on the Korean Peninsula accelerate. The company manufactures air defense systems, armored fighting vehicles and artillery systems. Escalating tensions in the Korean Peninsula have also kept interest in South Korean weapon platforms high. Tech and industrial baseMorgan Stanley is optimistic about the outlook for the South Korean defense industry.

Persons: Ukraine —, Morgan Stanley, National Defense Mariusz Blaszczak, Maffei, Janes, Youngsoo Han, Kayoung Lee, KAI, Victor Cha, Cha, Yoon Suk Organizations: South Korean Defense Ministry, Getty, Hanhwa Aerospace, Hanhwa Group, Peace Research Institute, The, North, South Korea —, South Korean, K9, Hyundai Rotem, Korea Aerospace Industries, Korean, Poland's, National Defense, Nikkei, NATO, Krauss, South, FA, Samsung Securities, ., Center for Strategic, International, CNBC Locations: United States, South Korea, East Coast , South Korea, Ukraine, South, Stockholm, The U.S, East, Europe, Korean, U.S, Jeju, North Korea, Asia, Russia, Poland, Polish, South Korean, Malaysia, . Tech, Korea

☆ 4 major fighter-jet deals could reshape the Middle East's biggest militaries for decades to come
▼ + stars: | 2023-07-16 | by ( Paul Iddon | ) www.businessinsider.com time to read: +11 min

Middle Eastern countries have for decades been major buyers of advanced fighter jets. Four potential deals involving Turkey, Iraq, Iran, and Egypt show that the trend will continue. Four looming acquisitions by Turkey, Iraq, Iran, and Egypt show that this trend will not change any time soon. Egypt's EaglesEgyptian Air Force MiG-29s during an exercise in Sudan in May 2021. While the Russian jets couldn't exchange data with Egypt's US-made aircraft, Cairo hoped they could operate as an "air force within an air force" and partially redress its limited air-to-air capabilities.

Persons: Cuneyt, MURAD, Erdogan, Mehmet Kaman, Recep Tayyip Erdogan's, Biden, Sen, Bob Menendez, hasn't, Iran's, Vladimir Putin, Ebrahim Raisi, ALEXANDR DEMYANCHUK, it's, —, Iran hasn't, ATTA KENARE, Mohammed Reza Ashtiani, Iraq's, KARIM SAHIB, Saddam Hussein's, Ali Mohammed, KARI, ASHRAF SHAZLY, Derek Seifert, Frank McKenzie, Israel, Paul Iddon Organizations: Service, United Arab Emirates, Dassault Rafales, Dassault, Vipers, NATO Air Policing, Anadolu Agency, Getty, US, Turkish Aerospace Industries, Getty Images, NATO, Senate Foreign Relations, SPUTNIK, Army Day, Iranian Parliament's National Security, Foreign, Iranian Defense, Rafale, ISIS, Getty Images Iraq, Thales Ground, AIM, Meteor, Egypt's Eagles Egyptian Air Force, Eagles, US Air Force, US Central Command Locations: Turkey, Iraq, Iran, Egypt, Wall, Silicon, Saudi Arabia, Israel, Poland, Ankara, Syria, Greece, Samarkand, Getty Images Iran, Russia, Ukraine, Moscow, Soviet, US, Tehran, AFP, Iranian, Persian, Baghdad, France, South Korea, Czech, Iraqi, Balad, Sudan, Qatar, Cairo, Derek Seifert Egypt

☆ Pentagon has strategic germanium stockpile but no gallium reserves
▼ + stars: | 2023-07-06 | by ( ) www.reuters.com time to read: +3 min

WASHINGTON, July 6 (Reuters) - The Pentagon holds a strategic U.S. stockpile for germanium but currently has no inventory reserves for gallium, a spokesperson said on Thursday, after China announced export restrictions on the two metals used in semiconductors. "The (Defense) Department is proactively taking steps using Defense Production Act Title III authorities to increase domestic mining and processing of critical materials for the microelectronics and space supply chain, including gallium and germanium," the spokesperson said. Germanium is used in high-speed computer chips, plastics and military applications such as night-vision devices, as well as satellite imagery sensors. Gallium is used in radar and radio communication devices, satellites and LEDs. While major defense contractors like Lockheed Martin Corp (LMT.N) may not buy gallium and germanium directly, they likely purchase semiconductors from suppliers who source Chinese gallium and germanium, said Arun Seraphin, executive director for the National Defense Industrial Association’s Emerging Technologies Institute.

Persons: Arun Seraphin, ”, Dak Hardwick, Hardwick, Xi Jinping, Idrees Ali, Phil Stewart, Valerie Insinna, Rami Ayyub, Doina Chiacu, Mark Porter, Marguerita Choy Organizations: Pentagon, China, Defense, Department, Lockheed Martin Corp, National Defense Industrial, Emerging Technologies, Aerospace Industries Association, U.S, Shanghai Cooperation Organisation, Thomson Locations: U.S, China

☆ The future of medicine may lie in space
▼ + stars: | 2023-06-17 | by ( Katie Hunt | ) edition.cnn.com time to read: +6 min

Days after I got my first taste of working at a lab bench, a company set forth to prove scientific research can be successfully done in orbit without any humans present. Look upVarda Space Industries plans to use a small capsule, shown in the rendering above, to conduct pharmaceutical research in space. Varda Space industriesThe future of medicine may take flight in space. Unearthed in Ethiopia in 1974 and representing 40% of a skeleton, the remains revealed an early human relative who lived millions of years before Homo sapiens. Meanwhile, other, more recent fossil discoveries are shaking up what we know about early human migration.

Persons: Varda, Lucy, Dave Einsel, paleoanthropologist Dr, Ashleigh L.A, Wiseman, waddle, Frank Postberg, Jochen Brocks, —, Ashley Strickland, Katie Hunt Organizations: CNN, Logan Science Journalism, Marine Biological, Space Industries, Research, British Antarctic Survey, Sky, University of Cambridge, ATP, Freie Universität Berlin, Australian National University, CNN Space, Science Locations: Woods Hole , Massachusetts, California, Antarctica, Weddell, Ethiopia, Barney Creek, Northern Australia, Australia, New England

☆ SpaceX to launch the first test payload for a bold new drug development company
▼ + stars: | 2023-06-12 | by ( Jackie Wattles | ) edition.cnn.com time to read: +17 min

Its research, company officials hope, could lead to better, more effective drugs — and hefty profits. Varda Space industriesHow it worksVarda’s vision is straightforward: The company’s capsule will launch with an experiment already on board. Varda Space IndustriesDrugs in spaceMuch of the legwork for Varda’s drug experimentation can be done on the ground. The exorbitant price tag of drug research is often passed on to consumers in the form of eye-popping prices, which frequently draws critical headlines. “You’ll see like this entire ecosystem coming up to create this fertile ground for commercialization of space,” Bruey said.

Persons: El, Varda, “ It’s, ”, Will Bruey, ” Varda, what’s, Merck, Keytruda, Varda’s, Covid, that’s, Gabe Ramirez, ” Bruey, Elon Musk, Peter Thiel, “ I’ve, ” Asparouhov, Asparouhov, “, who’s, You’re, Nicholas Cialdella, Bruey, Jon Barr, Mark Herbert, there’s, Eric Lasker, ” Lasker, Varda isn’t, It’s, Paul Reichert, Merck hasn’t, Reichert, Herbert Organizations: El Segundo , California CNN, Citigroup, Varda Space Industries, SpaceX, Vandenberg Space Force, Big pharma, Merck, Bristol Myers Squibb, ISS, Laboratory, Space Station, Rocket, CNN, NASA, Company, Founders Fund, PayPal, Pharmaceuticals, Fortune, Space Industries, US Air Force, Utah Test, pharma, “, Congressional, International Locations: El Segundo , California, California, Los Angeles, Delian, Salt Lake City, ”

☆ We're adding this DIY hardware-and-tools giant to the Club's Bullpen
▼ + stars: | 2023-06-12 | by ( Jeff Marks | ) www.cnbc.com time to read: +6 min

We're adding Stanley Black & Decker (SWK) to the Club's Bullpen — a collection of high-quality stocks we've identified as having the potential to join Jim Cramer's Charitable Trust portfolio. Stanley Black & Decker is a global leader in hand-and-power tools, household hardware and engineered fastening. There remains a significant imbalance in the market between housing supply and demand, with the U.S. housing market still short millions of homes. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Stanley Black & Decker drills are displayed for sale at a Home Depot store in Emeryville, California.

Persons: Stanley Black, Decker, Jim Cramer's, DeWalt —, Stanley, Patrick Hallinan, It's, Jim Cramer, Jim, David Paul Morris Organizations: Trust, Stanley, Federal Reserve, Deutsche Bank, Jim Cramer's Charitable, CNBC, Bloomberg, Getty Locations: Ukraine, U.S, Emeryville , California

☆ Video: Varda Space Industries wants to manufacture drug crystals in space
▼ + stars: | 2023-06-09 | by ( ) edition.cnn.com time to read: 1 min

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☆ North Korea says it will launch its first-ever military spy satellite to monitor U.S. drills
▼ + stars: | 2023-05-30 | by ( Jihye Lee | ) www.cnbc.com time to read: +3 min

SEOUL, SOUTH KOREA - FEBRUARY 09: People watch a television show North Korea's 75th anniversary of the founding of the armed forces day military parade released by Korean Central News Agency (KCNA) in Seoul, South Korea. Chung Sung-jun | Getty Images News | Getty ImagesNorth Korea announced its plans to launch its first-ever military spy satellite – giving a lift for some South Korean and Japanese defense stocks. North Korean military official Ri Pyong Chol said in a Monday statement that Pyongyang plans to launch a satellite with the aim to track "dangerous" actions by the U.S., pointing to its recent joint military drills taking with South Korea. North Korea claimed the event "fully proves how the enemy is making preparations for the military act of aggression on the DPRK," referring to its official name, the Democratic People's Republic of Korea. Defense stocks riseShares of South Korean defense companies Firstec and Victek rose 3.8% and 3.3% respectively Tuesday afternoon, returning from a market holiday Monday.

South Korean companies do not disclose the unit prices for their weapons, which are often sold with support vehicles and spare parts. That will include building South Korean arms on license in Poland, officials in Seoul and Warsaw said. "It may work for some countries at very, very low volume," he added of Polish-brokered South Korean weapons sales, discussing challenges the joint operation might face. The 2022 arms deal began with South Korean companies signing a framework agreement with the Polish government. Seoul has since approved at least some South Korean weapons components for use in Ukraine.

☆ Israel aims to be 'AI superpower', advance autonomous warfare
▼ + stars: | 2023-05-22 | by ( ) www.reuters.com time to read: +2 min

"There are those who see AI as the next revolution in changing the face of warfare in the battlefield," Zamir told the Herzliya Conference, an annual international security forum. He named GPT (Generative Pre-trained Transformer) and AGI (Artificial General Intelligence) as deep-learning realms being addressed by civilian AI industries which could eventually have military applications. The ministry declined to provide figures on AI funding. This month, state-owned Israel Aerospace Industries unveiled an autonmous intelligence-gathering submarine which, it said, had already completed "thousands of hours" of operations. Similary, he said, "our mission is to turn the State of Israel into an AI superpower and to be at the head of a very limited number of world powers that are in this club".

☆ Israel in advanced talks with Germany to sell Arrow-3 missile defense
▼ + stars: | 2023-04-20 | by ( ) www.reuters.com time to read: +1 min

JERUSALEM, April 20 (Reuters) - Israel is in advanced negotiations with Germany to sell its Arrow-3 missile defense system, Israel's Defense Ministry said on Thursday. It is the top layer of Israel's missile defense array, which extends from Iron Dome that intercepts short-range rockets to Arrow-3's long-range missiles that destroy any non-conventional warheads at a safe altitude. Talks with the German defense ministry have been accelerated and the aim is to export the system in the near future, said Israel's Defense Ministry. The project has U.S. backing so the sale would require approval from Washington, the ministry said. State-owned Israel Aerospace Industries (ISRAI.UL) is the project's main contractor and Boeing (BA.N) is involved in producing the interceptors.

☆ Factbox: What can Finland's armed forces and arsenal offer NATO?
▼ + stars: | 2023-04-04 | by ( Anne Kauranen | ) www.reuters.com time to read: +3 min

HELSINKI, April 4 (Reuters) - Finland joined NATO on Tuesday, bringing the Western defence alliance significant military capabilities developed over the years. Finland's ground, naval and air forces are all trained and equipped with one primary aim - to repel any Russian invasion. Its most important anti-aircraft system is the NATO-compatible Norwegian-American NASAMS 2. AIR FORCEThe Finnish Air Force has a fleet of 61 McDonnell Douglas F/A-18 Hornet fighter jets, which are being replaced by 64 Lockheed Martin F-35A Lightning II jets, the delivery of which will begin in 2026. In addition to the jet fleet, the Air Force has dozens of training aircraft and surveillance radars, including ones that have a range of almost 500 km (300 miles).

☆ Israel launches new spy satellite, overseen by Gallant
▼ + stars: | 2023-03-29 | by ( ) www.reuters.com time to read: +1 min

JERUSALEM, March 29 (Reuters) - Israel put a new version of its Ofek spy satellite into orbit on Wednesday, with the Defence Ministry saying it would enhance around-the-clock regional monitoring as the country braces for a possible showdown with Iran. The launch, planned months in advance, was overseen by Defence Minister Yoav Gallant - a signal he was staying in office despite Prime Minister Benjamin Netanyahu's announcement on Sunday that he would be fired amidst a constitutional crisis. The Ofek-13, manufactured by state-owned Israel Aerospace Industries (IAI) Ltd [RIC:RIC:ISRAI.UL], is the latest in a series of locally produced satellites first put into orbit in 1988. The next day, Netanyahu announced Gallant's dismissal - triggering a surge of anti-government protests and stoking U.S. concern for Israel's democratic health and military readiness. Writing by Dan Williams; Editing by Christian Schmollinger and Angus MacSwanOur Standards: The Thomson Reuters Trust Principles.

☆ Biden seeks new funding for air traffic controllers, Amtrak
▼ + stars: | 2023-03-13 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

WASHINGTON, March 13 (Reuters) - The Biden administration on Monday released details on a new proposal calling for more funding for more air traffic controllers and to speed modernization efforts after a computer outage led to the first nationwide flight grounding since 2001. The Transportation Department's $108.5 billion budget request seeks funding from Congress, including $117 million to hire another 1,800 air traffic controllers in addition to another 1,500 being hired this year. The National Air Traffic Controllers Association said last year the Federal Aviation Administration (FAA) had 1,500 fewer controllers than in 2011. The Transportation Department wants $3.1 billion in annual funding for passenger railroad Amtrak on top of $4.4 billion in funding from the $1 trillion 2021 infrastructure law. The FAA wants $24 million to fund 50 new test pilots, data scientists, safety inspectors and others to oversee Boeing (BA.N) and other airplane manufacturers.

☆ World-class ships and new supersonic jets mark the quiet rise of a new defense industry powerhouse in Asia
▼ + stars: | 2023-03-10 | by ( Benjamin Brimelow | ) www.businessinsider.com time to read: +9 min

South Korea's defense industry has seen meteoric growth in recent years. 2023 is also shaping up to be a good year for South Korea's defense industry. South Korea's defense industry was originally tailored to meet the country's own needs, and Seoul assisted its growth with subsidies and other incentives. As South Korea's defense products increased in quality, so too did its exports. The South Korean defense industry's most anticipated product might be the KF-21 Boramae, a multi-role combat jet optimized for air-superiority missions.

☆ 'No going back' for S.Korea, Indonesia defence cooperation after jet funding dispute
▼ + stars: | 2023-02-17 | by ( Josh Smith | ) www.reuters.com time to read: +2 min

SEOUL, Feb 17 (Reuters) - Defence cooperation between South Korea and Indonesia will expand, diplomats from the two countries said on Friday, after a dispute over funding for a joint fighter jet project was resolved last year. "I think both sides are committed and there is no going back on this important initiative." The next-generation aircraft developed by Korea Aerospace Industries (047810.KS) (KAI) is designed to be a cheaper, less stealthy alternative to the U.S.-built F-35, on which South Korea relies. Indonesian Ambassador Gandi Sulistiyanto noted that Indonesian pilots were in South Korea to train with the new jet. President Yoon Suk-yeol has pledged to step up efforts to boost the export of weapons and secure cutting-edge defence technologies as he aims for South Korea to become the world's fourth-largest arms exporter.

☆ Israeli drones use free-falling bombs, can carry up to a tonne
▼ + stars: | 2023-02-02 | by ( Dan Williams | ) www.reuters.com time to read: +2 min

TEL AVIV, Feb 2 (Reuters) - Israeli armed drones use gravity bombs that produce no noise or smoke as they fall, making them hard for enemies to anticipate or evade, and the largest model of the aircraft can carry up to a tonne of munitions, the military says. After more than two decades of secrecy, Israel in July went public with the existence of armed drones in its arsenal. The former, the officer said, "is the heaviest drone that the IDF (Israel Defence Forces) has, which can carry munitions, with an effective payload of around a tonne". The Israeli manufacturers do not publicise the armed capabilities of the drones, under what industry sources have described as a Defence Ministry secrecy policy. All the drone munitions are Israeli-made, the officer said, and "come down in free-fall, and can reach the speed of sound".

☆ Platinum prices are soaring. These buy-rated stocks with upside could be a way to cash in
▼ + stars: | 2023-01-10 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

Prices of platinum , which is used in everything from jewelry to fuel cells, are soaring. The Aberdeen Standard Platinum Shares ETF , the GraniteShares Platinum Trust and the iPath Series B Bloomberg Platinum Subindex Total Return ETN are among the funds that track the metal. The Aberdeen Standard Platinum Shares ETF, for instance, rose 10% — jumping over 20% in the last six months alone. It has the highest buy rating — from more than 75% of analysts — according to FactSet. Analysts give Glencore an average 17% upside to its current share price, according to FactSet data.

☆ South Korea's Yoon looks to boost arms exports, develop defence tech
▼ + stars: | 2022-11-24 | by ( Hyonhee Shin | ) www.reuters.com time to read: +2 min

SEOUL, Nov 24 (Reuters) - South Korea's President Yoon Suk-yeol pledged on Thursday to step up efforts to boost weapons exports and secure cutting-edge defence technologies as he aims to build the country's weapons industry into the world's fourth-largest arms exporter. Yoon hosted a meeting on promoting defence exports for the first time since taking office in May, designed to explore ways to shift the mainstay of the industry to exports from domestic supplies. "The defence industry is a new future growth engine and the pivot of the high-tech industry," Yoon told the meeting held at Korea Aerospace Industries Ltd (047810.KS), South Korea's sole warplane developer located in the southeastern city of Sacheon. In August, Yoon unveiled a goal of nurturing the country's defence industry into the world's fourth-largest, after the United States, Russia and France. "Some say that there might be a vacuum in our military force due to defence exports as part of their political offensive, but the government will maintain thorough military readiness posture while actively supporting those exports," Yoon said.

☆ The scramble to rearm Ukraine is transforming NATO in a way that would've been hard without Putin's help
▼ + stars: | 2022-11-22 | by ( Rachel Nostrant | ) www.businessinsider.com time to read: +8 min

NATO countries have scrambled to rearm and resupply Ukraine as it fights off Russia's invasion. Troops from six NATO countries during a joint terminal attack controller training in Latvia on April 6. Germany has agreed to send some older hardware to countries that send their Soviet-made tanks and armored vehicles to Ukraine. Interoperability with weapons and alignment on tactics will also make it "veritably impossible for these countries to leave NATO," Banerjee added. "The weapons are from NATO, they're going to be from NATO, they will be back-built, and these components will be from NATO countries."

☆ Elon Musk owning Twitter should give everyone pause
▼ + stars: | 2022-10-29 | by ( Seth Fiegerman | ) edition.cnn.com time to read: +7 min

Elon Musk, the mercurial billionaire, had agreed to buy Twitter for $44 billion the month before only to begin raising doubts about the deal soon after. Now, Musk joins the list of rich, white men who single-handedly control social platforms that collectively reach and shape the lives of billions of people around the world. And Musk, who will reportedly have “absolute control over Twitter” according to a shareholders’ agreement, promises to be uniquely disruptive. To those in the first camp, Musk serving as the sole decider at Twitter may be cause for celebration. Elon Musk is a conglomerate, and each arm of his empire potentially gives him more leverage, real or imagined, in advocating for the others.

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