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☆ Take a look at the workhorse C-130 cargo plane that the US Air Force is reinventing to fight like a bomber
▼ + stars: | 2024-04-11 | by ( Elias Chavez | ) www.businessinsider.com time to read: +1 min

The first of its kindThe first C-130 Transport flying back from its early flight paces over California's Mojave Desert. Bettmann/Getty ImagesThe C-130 Hercules was created to address deficiencies in the US Air Force fleet during the Korean War. At the time, no plane could simultaneously achieve all the objectives the Air Force needed. To this day, Lockheed still makes C-130 models and their upgraded versions. The US Air Force has not stopped production of the C-130 class plane since it was invented in the 1950s, making it the longest continuous aircraft production run in history.

Persons: Hercules, Fairchild, Lockheed Martin, Jeff Rhodes, Rhodes Organizations: US Air Force, Air Force, Boeing, Douglas, Lockheed, Popular Mechanics, YC, Edwards Air Force Base Locations: Burbank , California, Kern County , California

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

☆ Take some profits and buy cyclical names if March CPI only matches expectations, investors say
▼ + stars: | 2024-04-09 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

Conversely, Kilburg is adding to positions that have lagged the market, such as industrial and health-care stocks. "Those are three names that I believe are blue chip, essential names to the U.S. economy," he said. UnitedHealth and other health-care stocks are also trading at a discount, Kilburg said, citing Johnson & Johnson as a potential winner. Buy cyclical names Bailey, formerly a health-care analyst at Legg Mason and Stifel Financial before joining FBB in 2015, expects a hotter-than-forecast inflation report on Wednesday would take stocks lower. The Johns Hopkins MBA also sees the larger, diversified banks as attractive in a climate of higher inflation and interest rates.

Persons: Jeff Kilburg, Kilburg, Mike Bailey, Bailey, payrolls, Lockheed Martin, Johnson, Legg Mason, Berkshire Hathaway, Johns Hopkins, UnitedHealth Organizations: KKM, FBB Capital Partners, Meta, Nvidia, Lockheed, Stifel, FBB, Treasury, Berkshire, Union Pacific, Old Dominion Freight Locations: U.S, McLennan, Progressive, Chevron

☆ Opinion: NASA was America’s crown jewel. After the Columbia disaster it was never quite the same
▼ + stars: | 2024-04-06 | by ( Opinion Douglas Brinkley | ) edition.cnn.com time to read: +15 min

Space Shuttle Columbia launches from the Kennedy Space Center in Florida on January 16, 2003. Space Shuttle Columbia launched from the Kennedy Space Center in Florida at 10:39 a.m. The environmentally controlled chamber was mated to Space Shuttle Columbia for access into the orbiter. NASA Space Shuttle Columbia lifts off from the Kennedy Space Center in Florida on January 16, 2003. Students and staff of the Shoshone-Bannock High School had an experiment on board Space Shuttle Columbia.

Persons: Douglas Brinkley, Katherine Tsanoff, John F, Kennedy, ”, Douglas Brinkley Moore Huffman, Nancy Currie, Gregg, Scott Andrews, NASA's, Michael P, Anderson, William C, McCool, Rick D, David M, Brown, Laurel, Ilan Ramon, Kalpana Chawla, Joe Skipper, Karl Ronstrom, Ramon, NASA Chawla, Clark, Chawla, Robert Giroux, Kathryn O'Neill, Zachary, Brett Coomer, Florida Sen, Bill Nelson, Matt Stroshane, Tommy Peltier, Eric Gay, Smiley, Gene Theriot, Sean O'Keefe, George W, Bush, Ron Dittemore, Joe Cavaretta, O'Keefe, Mannie Garcia, NASA Sandy Anderson, Carlos Noriega, Michael L, Coats, Evelyn Husband, Thomas, John Raoux, Glenn Benson, Kim Shiflett, Sean O’Keefe, Jeff Bezos, Lockheed Martin, Sir Richard Branson, “ Organizations: Rice University, CNN, Shuttle Columbia, National Aeronautics and Space Administration, NASA, Russian Space Agency, Russia, United Arab, Challenger, Columbia, Space, Space Shuttle Columbia, Kennedy Space Center, Reuters Space Shuttle Columbia, Scott Andrews People, Control Center, Getty, NASA Space, Israeli Air Force, Space Shuttle, Red Team, Blue Team, Johnson Space Center, Former, Houston, Houston Chronicle, People, US Navy Corps, Columbia Reconstruction, NASA Workers, Astronauts Memorial Foundation, Reuters, Bannock, Bannock Junior, Senior, Bannock High School, Johnson Space, Shuttle, Investigation, Elon, SpaceX, United Launch Alliance, Boeing, Lockheed, Virgin Galactic, JFK Locations: China, United Arab Emirates, Japan, Columbia, Texas, Louisiana, Florida, Houston, Israel, SPACEHAB, New York, Laguna Hills , California, San Augustine , Texas, Washington ,, Shoshone, Fort Hall , Idaho, American

☆ Jasmin Paris: ‘Being a woman was never a barrier,’ says ultrarunner after historic Barkley Marathons finish
▼ + stars: | 2024-04-06 | by ( George Ramsay | ) edition.cnn.com time to read: +11 min

The Barkley Marathons consists of five loops, 20 miles each, along unmarked trails in rural Tennessee, with about 67,000 feet of elevation. David Allan/CNN If accepted into the race, runners get a "letter of condolence." David Allan/CNN Barkley runners jump into a creek and wade through a tunnel that goes under Brushy Mountain State Penitentiary. Instead, it was weeks of training that laid the foundation for Paris’ Barkley success. We know that travel is a huge component of the carbon footprint of running and racing.”Regardless of whether she returns, the Barkley Marathons is an event that Paris will always hold dear.

Persons: CNN — Jasmin Paris, –, Gary Cantrell, “ I’ve, “ I’m, I’ve, Jacob Zocherman Paris, Barkley, ”, It’s, “, ultrarunners, Cantrell, Cantrell –, David Allan, They're, Laz, CNN Barkley, James Earl Ray, Martin Luther King Jr, Harvey Lewis, Paris ’ Barkley, “ It’s, ” – Organizations: CNN, Barkley, ”, CNN Sport, Walmart, BBC, Everest, Paris, Scotland – Locations: ” Paris, British, Everest, Paris, Tennessee, Brushy Mountain, Scotland, Austria, “

☆ Supersonic planes will replace conventional jets in our lifetime, says aviation CEO
▼ + stars: | 2024-03-30 | by ( Maureen O'Hare | ) edition.cnn.com time to read: +9 min

It’s a milestone moment in the highly anticipated new era of supersonic travel. Now, 10 years after the Boom Supersonic project began in 2014, CEO Blake Scholl tells CNN Travel over video call, there are an exciting few months ahead. “The advent of digital engineering is a huge enabler for why supersonic flight’s coming back,” explains Scholl. Courtesy Boom Supersonic‘If we have faster airplanes, we don’t need as many’He also argues the case for other efficiencies offered by faster flight. Scholl says, “2024 is going to be one of the biggest years yet for supersonic flight.

Persons: Blake Scholl, ”, Scholl, “, Lockheed Martin’s, We’ve, “ There’s, it’s, we’ll Organizations: CNN, Mojave Air, Space, CNN Travel, ”, French Concorde, NASA, Lockheed, “, Concorde, SAF, American Airlines, United Airlines, Japan Airlines Locations: Colorado, California, Soviet, British, French, Atlanta, Concorde, Mojave , California, London, New York, Greensboro , North Carolina

☆ Western air bases that host Ukraine's F-16s are 'legitimate' targets for Russia, says Putin
▼ + stars: | 2024-03-29 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +4 min

Putin said Western air bases hosting F-16 fighter jets will be "legitimate" targets. AdvertisementRussian President Vladimir Putin warned that Western air bases hosting F-16 fighter jets for Ukraine will be "legitimate" targets for the Kremlin's forces, according to The Associated Press. The AP noted that Western air bases may be used by Ukraine when it gets the jets, because they require high-standard runways and also protective hangars. Russia has a far superior air force to Ukraine, but Ukraine has been able to deny Russia from entering its air space through its use of air defense systems. But Ukraine is warning that its air defense munitions are running out, particularly with further aid from the US blocked by House Republicans.

Persons: Putin, —, Vladimir Putin, Lockheed Martin, it's, Joakim Paasikivi Organizations: Service, Associated Press, Lockheed, US Air Force's, AP, NATO, House Republicans, Air Locations: Swedish, Ukraine, Russian, Russia, Europe

CNN —They worked the overnight shift fixing potholes on a famed bridge that 30,000 Marylanders relied on every day. Martin SuazoMaynor Yassir Suazo Sandoval, 38, was one of the construction workers who vanished after the bridge collapse, his brother Martin Suazo told CNN. Family members in Baltimore called Martin Suazo early Tuesday morning to tell him his brother was missing, Suazo said. He was married with two children – an 18-year-old son and a 5-year-old daughter, Martin Suazo said. “The entire Baltimore region and CASA family is lamenting this tragedy,” Torres said.

Persons: Yassir Suazo Sandoval, Martin Suazo, Suazo, Maynor Suazo, Maynor, –, Sandoval, Miguel Luna, Francis Scott Key, Gustavo Torres, “ Miguel Luna, …, ” Torres, Tina Burnside Organizations: CNN, FBI, Honduran Embassy, Maryland, CASA Locations: Baltimore, Santa Bárbara, Honduras, Honduran, Washington, Maryland, El Salvador

☆ NATO ally Greece wants the F-35, but it wants them once the fifth-gen stealth fighter's 'childhood illness' is cured
▼ + stars: | 2024-03-27 | by ( Chris Panella | ) www.businessinsider.com time to read: +4 min

Read previewGreece's military leadership has announced radical changes in its Armed Forces, particularly its air force, including plans to offload older combat aircraft and get new F-35 stealth jets. "Development and production concurrency is Block 4′s most critical challenge, and we are dealing with its consequences today," F-35 program executive officer Lt. Gen. Michael Schmidt said in December. Advertisement"The F-35 [Joint Program Office], Lockheed Martin, and other industry partners have identified high risk concurrency in the F-35 Block 4 schedule, which would threaten to shut down aircraft production if development slips," he added. An Israeli Air Force F-35 Lightning II fighter aircraft flies over during an air show in Tel Aviv. For the air force, that means retiring and selling a variety of aircraft, such as F-4 jets, Mirage 2000-5 planes, and Block 30 F-16s.

Persons: —, of Defense Nikos Dendias, Dendias, Michael Schmidt, Lockheed Martin, Frank Kendall, JACK GUEZ, Jon Ludwigson, Ludwigson, Greece's Organizations: Service, Armed Forces, of Defense, Business, Air Force, Israeli Air Force, Getty, Office, Armed Force, US State Department Locations: Greece, Tel Aviv, AFP

☆ High maintenance 'prima donna' F-16 jets will be hard work for Ukraine, former US Marine pilot says
▼ + stars: | 2024-03-23 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +4 min

Ukraine is due to receive much-anticipated F-16 fighter jets from its Western allies. He said the jets are much more "high maintenance" than the Soviet-era aircraft Ukraine is used to. AdvertisementAs Ukraine awaits the long-anticipated delivery of F-16 jets from its Western allies, experts warn that it may face challenges operating the "high maintenance" aircraft. AdvertisementYuriy Ihnat, a spokesperson for the Ukrainian Air Force, told Politico that some changes would be needed for Ukraine to operate the F-16 Fighting Falcons. AdvertisementA cohort of Ukrainian pilots began training on the F-16 in Denmarks's Skrydstrup Air Base last August, Reuters reported.

Persons: —, Tom Richter, Yuriy Ihnat, Lockheed Martin, Troels Lund Poulsen Organizations: Marine, Service, US Marine, National Guard, Politico, Ukrainian Air Force, Fighting Falcons, Falcons, US Air Force, Lockheed, Air Force's, US, Air Base, Reuters, New York Times, Ukrainian, Royal Air Force, French Air Force, The Times, Nokia, Times Locations: Ukraine, Soviet, Denmark, Netherlands, Ukrainian, Kyiv, Russian

☆ Big Biba: A look inside London’s famed 1970s fashion store
▼ + stars: | 2024-03-19 | by ( Zoe Whitfield | ) edition.cnn.com time to read: +8 min

As the creative force behind the look of the wildly popular 1970s London fashion store Big Biba, Thomas knows a thing or two about engineering excitement. “An act of bravery”Interior designer Thomas had already designed Hulanicki and Fitz-Simon’s home and the third Biba store in 1968 before being approached about the landmark seven-level store. “Fitz offered me two floors (of Big Biba) but I wanted it all,” he recalled of his initial involvement. Tim WhiteWhile Wintour’s shopgirl life was short-lived, Big Biba’s staff were a vital component of the experience remembered Thomas. In 1969, the independent company sold a majority of its shares to another British fashion retailer Dorothy Perkins which, in August 1973 (a month before Big Biba opened), was then bought by a property development company called British Land.

Persons: CNN —, ”, Steven Thomas, Thomas, Barbara Hulanicki, Stephen Fitz, Simon —, Andy Warhol, Marcel Hennequet, “, “ David Bowie, Mick Jagger, Bryan Ferry, John Bishop “ Fitz, Ian Dury, Fitz, Simon, Singer Annie Lennox, Doreen Spooner, Daily, Martin Pel, Mary Quant, Anna Wintour, —, York’s Bergdorf Goodman, Simon’s, “ Fitz, Tim, Whitmore, Tim White, “ Biba, Barbara, Ken Russell’s, Biba, Hulanicki, Buckingham, Kasia, Dorothy Perkins, Pel Organizations: CNN, New York Dolls, Shoppers, Textile Museum, Street, Disney, Big, Buckingham Palace Locations: London, Kensington

☆ Lockheed Martin's Sikorsky President talks latest AI advancements in aviation
▼ + stars: | 2024-03-18 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLockheed Martin's Sikorsky President talks latest AI advancements in aviationLockheed Martin's Sikorsky President Paul Lemmo joins CNBC's Morgan Brennan to discuss the latest advancements in AI aviation.

Persons: Paul Lemmo, CNBC's Morgan Brennan Organizations: Lockheed, Sikorsky

☆ Martin Ødegaard: How teenage prodigy finally found his home at Arsenal
▼ + stars: | 2024-03-13 | by ( Ben Church | ) edition.cnn.com time to read: +7 min

CNN —As he led the team out inside of a raucous Emirates Stadium on Tuesday night, Arsenal captain Martin Ødegaard had the weight of expectation on his shoulders. Because Ødegaard looks to have finally found his home at Arsenal. On a magical night for Arsenal fans, Ødegaard produced another sensational performance, proving once again to be the creative spark for Mikel Arteta’s team. But, in Ødegaard, Arsenal finally has a leader who looks determined to lead this team to success. And, in Arsenal, Ødegaard finally has a place to shine.

Persons: Martin Ødegaard, Ødegaard, Mikel Arteta’s, Leandro Trossard, Arsenal's Ødegaard, Andrew Boyers, Arsene Wenger’s, Martin, ”, Hans Erik Ødegaard, Zinedine Zidane, Denis Doyle, Luka Modrić, Toni Kroos, Arteta, “, “ Martin, he’s, ” Ødegaard, Mike Hewitt Organizations: CNN, Emirates, Arsenal, Gunners, Porto, Champions League, Norwegian, Strømsgodset, Norwegian national, Manchester United, Liverpool, CNN Sport, ”, Madrid, Real Madrid, La Liga, Spanish, Real Sociedad, ” Arsenal, English Premier League rivals Manchester City Locations: Norwegian, Europe, France, Real, London, Liverpool, Ødegaard, Arsenal

☆ A millennial who moved from Vancouver to LA says he has no plans to head back to Canada. An improved social life offsets high rent costs and the US healthcare system.
▼ + stars: | 2024-03-12 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

After all, his entire personal and professional life had been in Vancouver, Canada, the 33-year-old told Business Insider via email. Last October, after several months of splitting his time between Canada and LA, Martin and his husband secured visas and moved from their Vancouver suburb to West Hollywood. While he's not a fan of LA's rent costs and the US healthcare system, he said the move has had a "life-changing" impact on one thing: his social life. Business Insider asked Martin what the biggest pros and cons have been of his Canada-to-California move, and whether the improvement to his social life has offset the downsides. Their social life is a big reason why.

Persons: —, Stuart Martin, Martin, he's, He's Organizations: Service, Business, West Hollywood, Survey, LA, Wall, of Agriculture Locations: Vancouver, Canada, Los Angeles, LA, West Hollywood, West, California, Louisiana, West Virginia, Hawaii , Illinois, New York

☆ US Army Black Hawk helicopter hit by snowmobile, rider sues government for $9.5 million, says report
▼ + stars: | 2024-03-09 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +3 min

A man is suing the government for $9.5 million after he crashed into a Black Hawk helicopter. AdvertisementA Massachusetts lawyer is suing the government for $9.5 million after he crashed into a Black Hawk helicopter while riding a snowmobile, The Associated Press reported. AdvertisementA Black Hawk helicopter. Michael CiagloThe Black Hawk helicopter is a multi-role aircraft designed to aid ground troops and armed escorts, according to the manufacturer Lockheed Martin's website. Black Hawk helicopters are perhaps most famous for their role in the mission that led to the killing of former Al-Qaeda leader Osama bin Laden in 2011.

Persons: Jeff Smith, —, Smith, Douglas Desjardins, there's, Michael Ciaglo, Osama bin Laden Organizations: US Army, Service, Hawk, Associated Press, Army, AP, Black, Federal, snowmobilers, Lockheed Martin's Locations: Massachusetts, Al

Satellite manufacturer Terran Orbital is "looking at everything" regarding the company's future, CEO Marc Bell told CNBC, as it considers Lockheed Martin' s acquisition offer. "We found out about [Lockheed's takeover bid] when the rest of the world found out about it," Bell said on CNBC's "Manifest Space" podcast. The defense giant is already a significant stakeholder in Terran Orbital, with a 28.3% stake at the time of the proposal. Terran Orbital declined to comment on a shareholder lawsuit filed Wednesday in response to the company's board adopting a "poison pill" stock rights plan after Lockheed's offer. Bell added that Terran Orbital is "thrilled with the validation" that Lockheed's offer gave it.

Persons: Marc Bell, Lockheed Martin, Bell, Jefferies, We've Organizations: CNBC, Lockheed, Terran, Terran Orbital

☆ This defense-tech startup bootstrapped its way to nearly $30 million in revenue. Now, it has another $35 million from Sapphire Ventures.
▼ + stars: | 2024-03-07 | by ( Melia Russell | ) www.businessinsider.com time to read: +4 min

Now, Defense Unicorns, a startup that creates open-source software for national security systems, has announced it raised $35 million in a round of funding led by Sapphire Ventures and Ansa Capital. The world of open-source software for the military is small, making the opportunity much greater. TestifySec, a tiny startup building open-source software for the Department of Homeland Security, raised a $6 million seed round last fall. This year, Defense Unicorns says it will use the initial round of funding to go on a hiring spree. Defense Unicorns will compete for talent in artificial intelligence with tons of other startups.

Persons: —, Jai Das, Rob Slaughter, Das, siphoning, Slaughter, it's, Lockheed Martin Organizations: Service, Sapphire Ventures, Unicorns, Business, Defense Unicorns, Ansa, Department of Defense, Air Force, Lockheed, Department of Homeland Security Locations: Chicago

☆ The 15 US cities where your money goes the furthest
▼ + stars: | 2024-03-05 | by ( Madison Hoff | ) www.businessinsider.com time to read: +6 min

This city is also where renters can see their money go the furthest among 189 places in a recent analysis from RentCafe. Meanwhile, Both wrote that "Boston had similar prices for basic necessities" as well as "a slightly higher monthly rent" than for Sunnyvale. AdvertisementManhattan had the largest monthly rent plus basic necessities value but ended up having one of the lower scores, at 14.73. Based on the scores calculated using income, rent, and expenses data, three of the top 15 cities where income can go far were in Texas, with scores near or over 60.0. "The coastal cities, the gateway cities have always been hubs for greater density," Ressler said.

Persons: —, Lockheed Martin, Doug Ressler, RentCafe, Alexandra Both, Ressler, there's, they've Organizations: Service, Google, Lockheed, Council for Community, Economic Research, Business, BI, Sunnyvale, Manhattan Locations: Sunnyvale , California, Athens, Georgia, New Orleans, Albany , New York, Gainesville , Florida, Auburn , Alabama, RentCafe, Silicon Valley, Boston, Sunnyvale, Texas, Virginia

☆ France's Rafale fighter jet is so popular its manufacturer can't keep up
▼ + stars: | 2024-03-04 | by ( Michael Peck | ) www.businessinsider.com time to read: +6 min

France's Dassault Aviation may not be able to meet demand for its Rafale fighter jet. AdvertisementFrance's Rafale fighter has become so popular that the manufacturer may not be able to meet demand, according to a British think tank. Advertisement"The French aircraft maker aimed to produce 15 Rafales last year but only completed 13," IISS said. AdvertisementA French Dassault Rafale M fighter jet launches from the French aircraft carrier Charles De Gaulle during interoperability exercises with the aircraft carrier USS Dwight D. Eisenhower, March 3, 2020. This helps explain why the Rafale has become popular with India and several Middle Eastern nations.

Persons: —, IISS, Lockheed Martin, Richard Aboulafia, Charles De Gaulle, Dwight D, Eisenhower, Michael Peck Organizations: Dassault Aviation, Rafale, Service, International Institute for Strategic Studies, French Air Force, Navy, Defense News, Dassault, UAE, French, Lockheed, Dassault Rafale, US Navy, Kaleb, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: India, British, Ukraine, Egypt, Greece, Qatar, Croatia, UAE, Indonesia, Mica, France, , Michigan, Russia, Forbes

☆ Lockheed Martin looks to acquire spacecraft maker Terran Orbital for nearly $600 million
▼ + stars: | 2024-03-01 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +1 min

Lockheed Martin submitted a bid to acquire spacecraft manufacturer Terran Orbital , the defense giant revealed in a securities filing on Friday. Together, the offer values Terran Orbital at just below $600 million. Terran Orbital stock closed at $1.07 a share on Friday. Terran Orbital did not immediately respond to CNBC's request for comment. Additionally, Lockheed noted in its letter to Terran Orbital management that the defense giant "continues to be Terran's largest revenue generating customer accounting."

Persons: Lockheed Martin Organizations: New York Stock Exchange, Lockheed, Terran, Terran Orbital

☆ 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

☆ A Trident missile test-fired by a UK submarine failed. That's a lot of money down the drain.
▼ + stars: | 2024-02-21 | by ( Polly Thompson | ) www.businessinsider.com time to read: +4 min

Read previewThe British navy suffered an embarrassing flop after a failed test launch of a Trident nuclear missile was revealed. AdvertisementIt's the second time in a row that a test launch of a Trident missile by the Royal Navy has had an unhappy ending. These failures have a high price tag, given that each missile costs tens of millions of dollars. AdvertisementThat involves manufacturing costs, missile extension programs, replacement warheads, in-service costs, and personnel salaries. Building the Trident system in the 1980s cost about £21 billion ($26.5 billion) in today's money, according to the Ministry of Defense.

Persons: —, Grant Shapps, Lockheed Martin Organizations: Service, British, Trident, Sun, Business, Defense, Royal Navy, US Navy, US, Lockheed, Vanguard, Ministry of Defense, Nuclear Disarmament, Department of Defense, Congressional, Office Locations: Florida, Africa, Ohio, Red Sea, Russia, Ukraine, Taiwan Strait

☆ A Film Festival in the Back of a Taxi
▼ + stars: | 2024-02-21 | by ( Bryn Stole | ) www.nytimes.com time to read: +1 min

Some of international cinema’s biggest names gathered on Tuesday night at the Berlin International Film Festival as the event honored Martin Scorsese with a lifetime achievement award. Irene Jaxtheimer, who runs a taxi company, passed around homemade popcorn. A generator outside the cab powered a modest television, a DVD player and a small electric heater. The unconventional screening, just outside a centerpiece event for one of Europe’s most prestigious film festivals, was part of the makeshift TaxiFilmFest. Running through Sunday, it is partly a protest over the miserable state of the taxi industry these days and partly a counterfestival to celebrate the taxi cab’s iconic place in the urban cultural landscape.

Persons: Martin Scorsese, Scorsese, Wim Wenders, ” Klaus Meier, Irene Jaxtheimer Organizations: Berlin Locations: Berlin

☆ Job posts for workers without degrees are booming. The actual hiring doesn't always follow
▼ + stars: | 2024-02-19 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +10 min

But as data emerges on degreeless hiring, there are signs that some of these efforts may be falling short. It's based on limited data and doesn't consider alternative pathways that people without degrees use to join organizations, such as through apprenticeships and internships. But it's still a snapshot look at how some of the top employers in the U.S. are doing in their efforts to hire more workers based on skills versus degree attainment. Rather, it implies managers may be reticent to hire people without degrees, absent specific policies to assess these workers' skills. Companies that have been successful with skill-based hiring also articulate clearly the skills they require for a job, even before posting it.

Persons: it's, Matt Sigelman, What's, Sigelman, Schultz, Joseph Fuller, Fuller, Tyson, Lockheed Martin, Kroger, Stellantis, Backsliders, Meijer, Delta Organizations: Burning Glass Institute, Harvard Business School, Glass Institute, Workers, American, Foundation, Walmart, Apple, GM, Koch Industries, General Motors, Target, Tyson Foods, ExxonMobil, Yelp, Bank of America, Oracle, Companies, Lockheed, Stellantis, CNBC, Amazon, Nike, Delta, Uber, HSBC, Novartis, Delta Air Lines, US Foods Locations: U.S, Meijer

☆ China will showcase its domestic jetliner at the Singapore Airshow. Here's what else to expect
▼ + stars: | 2024-02-19 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +1 min

A model of Comac's C919 aircraft at the Singapore Airshow on Feb. 6, 2018. SINGAPORE — China is gearing up to showcase its narrow-body passenger jet to a global audience for the first time at the Singapore Airshow. Touted as a competitor to Boeing's 737 and the Airbus 320, the Comac C919 is quickly turning out to be one of the most anticipated features at this year's event. "Flying for the first time at the Singapore Airshow, is the C919, a narrow-body airliner developed by Chinese aircraft manufacturer Comac," Singapore Airshow organizer and manager Experia Events said in a statement. The Singapore Airshow is a fantastic opportunity for Comac particularly given the current situation with Boeing," Brendan Sobie of Sobie Aviation told CNBC.

Persons: Experia, Lockheed Martin, Thales, Brendan Sobie, Sobie Organizations: Singapore, Singapore Airshow, Airbus, Commercial Aircraft Corporation of China, Civil Aviation Administration, China, Aerospace, Boeing, Lockheed, Dassault, SAAB, Leonardo, Sobie Aviation, CNBC Locations: SINGAPORE — China, Singapore, China

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