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☆ The case for Honeywell breaking itself up gets even stronger after its Bombardier deal
▼ + stars: | 2024-12-03 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +7 min

Honeywell 's new partnership with Canadian planemaker Bombardier makes it clear that the American industrial conglomerate's aerospace business should be operating on its own, Jim Cramer said Tuesday. The news Club holding Honeywell and Bombardier announced a research-and-development collaboration on aircraft technology, including cockpit systems, engines, and satellite communications. Big picture Honeywell's aerospace business is the crown jewel of its portfolio — a fact that is very much on display with the long-term Bombardier agreement. Honeywell currently has four operating segments: aerospace technologies, industrial automation, building automation, and energy and sustainability solutions (ESS). That unit is part of Honeywell's industrial automation segment.

Persons: Jim Cramer, Elliott, Cramer, Vimal Kapur, Kapur, Jim, Jeff Marks, We're, Goldman Sachs, it's, Jim Cramer's Organizations: Honeywell, Canadian, Bombardier, Club, Challenger, Global, Charlotte , North Carolina —, Elliott Management, Products, Carrier, Air Products, Electric, The Club, GE Healthcare, GE Vernova, Former General Electric, GE Aerospace, CNBC, Bombardier Challenger, Aviation, Getty Locations: Quebec, Charlotte , North Carolina, New York, New York City

☆ In the new space race, hackers are hitching a ride into orbit
▼ + stars: | 2024-11-30 | by ( Vikram Barhat | ) www.cnbc.com time to read: +11 min

If compromised, AI systems could be used to interfere with or take control of strategically important national space missions. Critical space infrastructure is susceptible to threats across three key segments: in space, on the ground segment and within the communication links between the two. "In many ways, the threats to critical infrastructure on Earth can cause vulnerabilities in space," Lonstein said. "The consequences of malicious cyber activities include loss of mission data, decreased lifespan or capability of space systems or constellations, or the control of space vehicles." Use of strict access controls, authentication, and error correction mechanisms can further ensure that AI systems operate with accurate information.

Persons: Lonstein, Kaczmarek, Sylvester Kaczmarek, Wayne Lonstein, William Russell, JEM, Elon Musk, Jack Teixeira, GAO's Russell Organizations: SpaceX, NASA, OrbiSky Systems, VFT Solutions, Systems, Space Technologies, U.S, Government, Office, Spacecraft, Space, JAXA, Origin, U.S . National Oceanic, Administration, U.S . Air National, Viasat, Ukraine, Infrastructure Security Agency, Companies, Microsoft, Google, Nvidia, U.S . Space Force, Department of Defense, Space Force Guardians, Space Force, Web Services, Dynamics Locations: U.S, China, Russia, India, Ukraine, Nations, Silicon Valley

☆ Pentagon received hundreds of new UAP reports, but says no evidence of extraterrestrial activity
▼ + stars: | 2024-11-15 | by ( Marlene Lenthang | Marlene Lenthang Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +6 min

Of those, 485 UAP reports occurred within that reporting period, and another 272 occurred between 2021 and 2022 but hadn't been included in previous annual UAP reports. Overall, the AARO has received 1,652 UAP reports total as of Oct. 24, 2024. “It is important to underscore that, to date, AARO has discovered no evidence of extraterrestrial beings, activity or technology,” the report said. Of the UAP reports, 81 originated from U.S. military operating areas. Of the new reports, 392 were from the Federal Aviation Administration and make up all of the FAA’s UAP reports since 2021.

Persons: UAPs, hadn't, ”, AARO, Jon Kosloski, ” Kosloski, ” Luis Elizondo, ” Elizondo, Robert Garcia, Garcia, Tim Gallaudet, “, Jon T, Kosloski, it’ll, “ AARO Organizations: Pentagon, Defense, Defense Department, National Intelligence, UAP, U.S . Navy, Ocean, Consulting, Federal Aviation Administration Locations: Congress, U.S, Cape Canaveral , Florida

It is clear what Russia stands to gain from an influx of some 10,000 North Korean troops to aid its war in Ukraine. North Korean troops are expected to help with that. North Korea, for its part, needs a partner that will shield it from the United Nations Security Council as it pursues its nuclear ambitions. “North Korea is trying to get as many benefits as it can from this relationship,” said Edward Howell, an expert on North Korea at the Chatham House think tank. “If thousands of North Korean troops learn how to survive on a battlefield full of drones,” Gabuev said, “that is a lesser problem than North Korea having quieter nuclear-capable submarines.

Persons: Kim Jong, Kim, Vladimir Putin, ” Alexander Gabuev, Russia —, Mark Rutte, NBC’s Keir Simmons, Putin, ” Putin, didn’t, ” Gabuev, Kim Jong Un, Mikhail Metzel, ”, Edward Howell, —, Gabuev Organizations: West, Carnegie Russia Eurasia Center, NBC News, Pentagon, Ukraine, NATO, Vostochny, Getty, Yonhap News Agency, United Nations Security Council, Chatham House, . Security Locations: Russia, Ukraine, Europe, Asia, United States, North Korea, Berlin, “, West, Russia’s Kursk, Moscow, Ukrainian, Kursk, Washington, Kazan, Pyongyang, Korea, North Korean, AFP, South Korea, Seoul

☆ What to do with Honeywell stock after its sharp post-earnings pullback
▼ + stars: | 2024-10-24 | by ( Jim Cramer | ) www.cnbc.com time to read: +7 min

Dow stock Honeywell was one of the biggest drags on the 30-stock average Thursday after Club industrial giant reported mixed third-quarter results compounded by a mixed outlook. HON YTD mountain Honeywell YTD Honeywell shares sinking 4.5% after the release was understandable but represents an opportunity. Honeywell Why we own it: Honeywell is a provider of industrial technology solutions to companies in various industries. Sales were revised lower because the short cycle recovery in the company's industrial automation segment is not materializing as quickly as management was expecting. Honeywell International Inc. signage is displayed on a monitor on the floor of the New York Stock Exchange (NYSE) in New York.

Persons: we're, Vimal Kapur, Kapur, Kupar, Jim Cramer's, Jim Cramer, Jim, Michael Nagle Organizations: Dow, Honeywell, Emerson, CAES Systems, Air Products, Aerospace Technologies, CNBC, Honeywell International Inc, New York Stock Exchange, Bloomberg, Getty Locations: New York

☆ China’s secretive space plane has returned to Earth
▼ + stars: | 2024-09-12 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +9 min

Here’s what we know – and don’t – about China’s space plane. The term “space plane” often evokes NASA’s Space Shuttle, which flew 135 missions from 1981 to 2011, carrying astronauts into orbit and helping to construct the International Space Station. Hulton Archive/Getty ImagesWhat do we know about China’s space plane program? China’s space plane development comes as a growing number of countries are paying attention to the deepening connections between security on Earth and in space – and vying for so-called counterspace technologies with the potential to disrupt or even destroy adversaries’ assets in space. But observers have also raised questions about the activities of the space plane, including its own deployment of multiple small satellites.

Persons: –, “ It’s, Chance Saltzman, NASA's, “, It’s, ”, Juliana Suess, Clayton Swope, Joe Skipper, Brendan Mulvaney Organizations: Hong Kong CNN, Boeing, Xinhua, Shuttle, Space, Space Force, Columbia, NASA's Kennedy Space Center, US Space Shuttle, Hulton, China Aerospace Science, Technology Corporation, Royal United Services Institute, Aerospace Security, Center for Strategic, International Studies, SpaceX, Earth, US Space Force, United, Foundation, China Aerospace Studies Institute, US Air Force Locations: China, Hong Kong, United States, Soviet, “, Florida, Xinjiang, London, Washington

☆ Honeywell drops on cuts to guidance. Here's why it may provide an opportunity
▼ + stars: | 2024-07-25 | by ( Zev Fima | ) www.cnbc.com time to read: +17 min

It also came in above the high end of management's guidance. But here's the root of Thursday's selling: Honeywell downwardly revised its full-year guidance for segment margin, earnings per share, and cash flow guidance. The changes are tied to the inclusion of previously closed and announced acquisitions, as well as a slower-than expected-rebound for short-cycle businesses. Unfortunately, despite some "pockets of short-cycle strength," other short-cycle businesses "are not accelerating as much as we had hoped," CFO Greg Lewis said on the call. But here's the root of Thursday's selling: Honeywell downwardly revised its full-year guidance for segment margin, earnings per share, and cash flow guidance.

Persons: Honeywell downwardly, Greg Lewis, Vimal, Lewis, abate, Jim Cramer's, Jim Cramer, Jim, Daniel Barry Organizations: Honeywell, Revenue, LSEG, Emerson, Aerospace Technologies, Management, Aerospace, Automation, Carrier's, Solutions, CAES Systems Holdings, Air Products, Industrial Automation, Energy, Sustainability Solutions, CNBC, Bloomberg, Getty Locations: UOP, Morristown , New Jersey

☆ Honeywell completes a big acquisition. But it's not enough to bolster the lagging stock
▼ + stars: | 2024-06-03 | by ( Morgan Chittum | ) www.cnbc.com time to read: +3 min

"More and more people will realize that this [Global Access Solutions] was a good acquisition," Jim Cramer said Monday. To revive its lagging stock, management must also figure out which businesses are better on their own — kind of like the split announced last month by fellow Club stock DuPont . Honeywell stock has dropped 4.6% year-to-date. Smaller units have struggled like Building Automation, where management hopes to get a lift from Global Access Solutions. The Global Access Solutions deal, which was his biggest move to date, closed in the month of his first anniversary as chief exec.

Persons: Carrier, Jim Cramer, RTX, Jim, Vimal Kapur, Jim Cramer's, Michael Nagle Organizations: Honeywell, Club, DuPont, Solutions, Wall Street, Honeywell's Aerospace Technologies, DD, CNBC, Honeywell International Inc, New York Stock Exchange, Bloomberg, Getty Locations: New York

☆ America’s military has the edge in space. China and Russia are in a counterspace race to disrupt it
▼ + stars: | 2024-05-27 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +20 min

Direct-ascent anti-satellite missiles are fired from Earth to take out a satellite target in space. Since then, China is believed by analysts to have conducted multiple, nondestructive missile tests that could advance its ability to target satellites. Illustration by CNNThat’s because the US has done extensive non-offensive testing of technologies to approach and rendezvous with satellites, including close approaches of its own military satellites and several Russian and Chinese military satellites, SWF says. Chance Saltzman explained why the US felt it needed to be able to counter other countries’ space capabilities. Its tenets may be more relevant now than ever – but potentially under greater threat amid a new focus on military and space.

Persons: –, Russia’s, ”, Rajeswari Pillai Rajagopalan, Zang Jihui, Chance Saltzman, ” Saltzman, Juliana Suess, Kamala Harris, Etienne Laurent, SpaceX’s, Tong Zhao, ” Zhao, doesn’t, RUSI’s Organizations: Hong Kong CNN, Russian, CNN, Getty, Sputnik, Center for Security, Strategy, Technology, Observer Research, Foundation, China, US Space Force, Liberation Army, PLA, Space Force, Washington, CNN That’s, Space, China’s PLA, US Space Command, Vandenberg Space Force, Bloomberg, Union of Concerned, Carnegie Endowment, International Peace, Modern Defense Technology ”, United Nations Security, US Locations: Hong Kong, Ukraine, Russia, Germany, Europe, United States, China, Moscow, North Korea, Iran, Beijing, AFP, Soviet, Soviet Union, America, New Delhi, India, CNN China, Washington, Japan, Guam, France, Australia, Israel, Gaza, London, California, Honolulu, Hawaii, powerlines

☆ We're lowering our Honeywell price target after earnings. The risk-reward is still favorable
▼ + stars: | 2024-04-25 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Honeywell shares are under pressure Thursday, despite the industrial conglomerate exceeding expectations for first-quarter sales and earnings. The culprits: Softer guidance for the current quarter and some uncertainty about a recovery in some of its key businesses. Honeywell Why we own it: Honeywell is a provider of industrial technology solutions to companies in various industries. Building automation was down year over year as growth in the longer-cycle solutions business was offset by continued weakness in the shorter-cycle products business. Honeywell International Inc. signage is displayed on a monitor on the floor of the New York Stock Exchange (NYSE) in New York.

Persons: it's, Jim Cramer's, Jim Cramer, Jim, Michael Nagle Organizations: Honeywell, Revenue, Emerson, Aerospace, CNBC, Honeywell International Inc, New York Stock Exchange, Bloomberg, Getty Locations: management's, UOP, New York

☆ Honeywell's stock decline on light sales, conservative guidance is a buy. Here's why
▼ + stars: | 2024-02-01 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

While earnings, profit margins, and cash flow came in slightly ahead of expectations, sales were light across the board. Segment margin , similar to an adjusted operating income margin, grew 64 basis points to 23.5%, slightly ahead of expectations and ahead of the high-end of management's previous forecast. Segment margin performance was largely better than expected, with the exception of Building Technologies, and cash flow generation came in solidly above expectations. Where they landed on guidance both in terms of sales and margin performance, and therefore earnings, hinges on the short-cycle recovery. Full-year segment margin guidance of 23.15% at the midpoint was higher than estimates.

Persons: Jim Cramer's, Jim Cramer, Jim Organizations: Honeywell, Revenue, Aerospace, Technologies, Solutions, Carrier Global, Materials, Technology, Productivity Solutions, Services, Aerospace Technologies, Industrial Automation, Energy, Sustainability Solutions, Industrial, CNBC, Getty Locations: U.S, UOP, buybacks

Adrienne Hurst and Sophia Lanman andListen and follow The DailyApple Podcasts | SpotifyThe Space Force, the sixth and newest branch of the U.S. military, was authorized by Congress and signed into law by President Donald Trump in December 2019. The initiative had been shaped within the armed forces and Congress over the previous 25 years, based on the premise that as satellite and space technologies evolved, America’s military organizations had to change as well. From the start, the Space Force had detractors. Positioning and timing satellites, such as GPS (now overseen by the Space Force), allow for digital mapping, navigation, banking and agricultural management. Modern life is reliant on space technologies to an extent that an interruption would create profound economic and social distress.

Persons: Adrienne Hurst, Sophia Lanman, Donald Trump Organizations: Space Force, U.S ., Congress, Air Force, GPS Locations: Eastern Europe, Russia

☆ Why these industrial giants are betting on the transition to clean energy
▼ + stars: | 2023-11-13 | by ( Morgan Chittum | ) www.cnbc.com time to read: +6 min

"Right now, some of our favorite secular themes are the mega trends benefitting from a wave of federal spending — and the energy transition is one of those themes," he explained. CAT YTD mountain Caterpillar (CAT) year-to-date performance Elsewhere, Caterpillar has said the "energy transition and growing global energy demand are increasing [it's] total addressable market and furthering opportunities for long-term profitable growth." In terms of the energy transition, the company's aerospace business could see a boost from its development of sustainable aviation fuels. CEO Vimal Kapur last month said the industrials giant is "beginning to feel the urgency behind [the] energy transition." "Honeywell is in a unique position to both help the world meet today's growing energy needs, while also enabling the energy transition," Kapur said.

Persons: we're, Jeff Marks, Linde, Wall, I'm, Jim Cramer, Vimal Kapur, Kapur, Jim Cramer's, Jim, Krisztian Bocsi Organizations: Linde, LIN, Honeywell, Caterpillar, Investing, ExxonMobil, Exxon, BMO Capital Markets, Bank of America, CAT, CNBC, Linde AG, Treatment, Berlin, Bloomberg, Getty Locations: U.S, Berlin, Germany

☆ What Does the U.S. Space Force Actually Do?
▼ + stars: | 2023-11-08 | by ( Jon Gertner | ) www.nytimes.com time to read: +2 min

The Space Force, the sixth and newest branch of the U.S. military, was authorized by Congress and signed into law by President Donald Trump in December 2019. Its creation was not a partisan endeavor, though Trump has boasted that the idea for the organization was his alone. At its incarnation, the Space Force was an assemblage of programs and teams that already existed, mainly as entities within the Air Force. “It’s one of the common misperceptions that it cost money to create the Space Force — and it really didn’t, because we already had space forces,” Todd Harrison of the Center for Strategic and International Studies told me. “One of the things that we were lacking without a Space Force was an organization that would argue for its own destiny,” Douglas Loverro, a former Pentagon official involved in helping start the branch, told me.

Persons: Donald Trump, Trump, “, ” Todd Harrison, ” Douglas Loverro, Loverro, Wang Hucheng Organizations: Space Force, U.S ., Congress, Air Force, Force, Center for Strategic, International Studies, Pentagon Locations: United States

☆ Befouling the Final Frontier
▼ + stars: | 2023-11-05 | by ( Jaime Green | ) www.nytimes.com time to read: +3 min

Idealists may cringe, and not only because the video begins with ‘‘Space, the final frontier,’’ a phrase that already belongs to someone. will soon sport a commercial module; and the seeds of space tourism seem finally ready to sprout. Deloitte projects a possible $312-billion-a-year economy in low Earth orbit by 2035. was launched, in 1998, there were about 600 satellites in orbit, a bit more than 200 of which were circling in low Earth orbit. In the 1990s, in fact, with the end of the Cold War, the number of satellites in LEO dropped for a bit.

Persons: ‘, ‘ ‘ Organizations: Deloitte, NASA, Sputnik, Hubble Locations: United States

☆ We're changing our Honeywell price target after a mixed quarter and conservative guidance
▼ + stars: | 2023-10-26 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

HON YTD mountain Honeywell YTD Unfortunately, Honeywell hit a 52-week low in Thursday's terrible market. Moreover, guidance for the remainder of the year was mixed: Sales are expected to be better than we thought. Honeywell repurchased 5.3 million shares during the quarter, more than double the amount purchased in the second quarter. Additionally, for both the full year and the current quarter, earnings performance is being suppressed by pension liabilities. Qualitatively, continued volatility is expected but management believes they can deliver further growth, margin expansion, and cash growth "in line or above EPS growth."

Persons: We're, it's, we'll, Vimal, Jim Cramer's, Jim Cramer, Jim, Michael Nagle Organizations: Honeywell, Revenue, LSEG, Management, Commercial Aviation, Defense, Aero, mangement's, Aerospace Technologies, Industrial Automation, CNBC, Honeywell International Inc, New York Stock Exchange, Bloomberg, Getty Locations: New York

☆ Cramer says the pullback in bond yields is 'what I want,' as stocks edge up
▼ + stars: | 2023-10-10 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a Morning Meeting livestream at 10:20 a.m. "This decline in yields and increase in bond [prices] is what I want," Jim Cramer said Tuesday. And Club holding Amazon (AMZN) remained the market leader in ecommerce, with 55% of teens citing the platform as their No. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: Jim Cramer, Philip Jefferson, Vimal Kapur, Jim, Kapur, Piper Sandler, Mary Dillon, Jim Cramer's Organizations: CNBC, Treasury, Federal, West Texas, Club, Honeywell, Aerospace Technologies, Industrial Automation, Energy, Sustainability Solutions, Tuesday, TJX Companies Locations: ecommerce, TJX, FL

☆ House committee targets crackdown on U.S. investment in Chinese tech, military development
▼ + stars: | 2023-09-12 | by ( Chelsey Cox | ) www.cnbc.com time to read: +1 min

WASHINGTON — Members of a bipartisan House committee examining economic competition between the U.S. and China said Tuesday that Congress needs to legislate barriers for American investment in Chinese companies, including artificial intelligence. Gallagher, R-Wisc., said during the hearing that American companies continuing to invest in blacklisted Chinese firms are helping to fund the Chinese government's push to invade Taiwan. Government employee pension funds are also at play. Rep. Raja Krishnamoorthi, D-Ill., ranking member of the committee, cited a May Newsweek report stating that at least 115 mutual funds offered under the federal government's Thrift Savings Plan contain one or more of 30 sanctioned or watch-listed Chinese companies that threaten national security. "By investing in these companies we risk supporting the CCP's military aggression and their human rights abuses," Krishnamoorthi said.

Persons: Mike Gallagher, Gallagher, Raja Krishnamoorthi, Krishnamoorthi Organizations: WASHINGTON, U.S, Chinese Communist Party, Newsweek Locations: China, Taiwan

☆ Mystery Chinese spacecraft returns to Earth after 276 days
▼ + stars: | 2023-05-08 | by ( ) www.reuters.com time to read: +1 min

BEIJING, May 8 (Reuters) - An experimental Chinese spacecraft returned to Earth on Monday after staying in orbit for 276 days, China's state media reported, completing a landmark mission to test the country's reusable space technologies. The uncrewed spacecraft returned to the Jiuquan launch centre in northwest China on Monday as scheduled, according to state media. The test marks an "important" breakthrough in China's research into reusable spacecraft technology that will provide a more convenient and inexpensive way to mount future space missions, state media reported. It landed on Earth "horizontally," according to China's main space contractor at the time. The uncrewed and reusable X-37B returned to Earth in November last year in its sixth and latest mission, after more than 900 days in orbit.

☆ Citigroup tells clients how they can invest in the outer space 'goldrush'
▼ + stars: | 2023-04-19 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Investors should choose carefully when investing in the outer space "goldrush" because it's a tough, capital-intensive business, according to Citigroup. Right now, Citi believes the best space-related investment is Planet Labs . It also initiated coverage of Rocket Lab and Canadian space technologies company MDA , but with neutral ratings. PL YTD mountain Planet Labs year-to-date performance Planet Labs is a provider of global, daily satellite data. Another way to play the theme is to look at incumbent aerospace and defense names that are committed to their space business, according to Citi.

[1/2] An Airbus A320neo aircraft is pictured during a news conference tin Colomiers near Toulouse, France, October 17, 2017. Airbus' defense portfolio includes the A400M and the C295, which are respectively larger and smaller than Embraer's KC-390. De La Vela said he sees potential collaborations emerging in areas such as unmanned aircraft and space technologies, including for new products, adding that he would like to hear from Embraer before elaborating. De La Vela said Airbus expects the Brazilian MRTTs to open the Latin American market for the aircraft, noting talks with four other undisclosed countries in the region were underway. Reporting by Gabriel Araujo and Rodrigo Viga Gaier; Editing by Bill BerkrotOur Standards: The Thomson Reuters Trust Principles.

☆ South Korea, US, Japan meet on supply-chain resilience
▼ + stars: | 2023-02-28 | by ( Hyonhee Shin | ) www.reuters.com time to read: +2 min

[1/3] FILE PHOTO-South Korean President Yoon Suk-yeol speaks at an interview with Reuters in Seoul, South Korea, November 28, 2022. REUTERS/Daewoung KimSEOUL, Feb 28 (Reuters) - Officials from South Korea, the United States and Japan have held their first economic security dialogue, South Korea's presidential office said on Tuesday, amid efforts to strengthen the resilience of supply chains and develop technology. Though Japan and South Korea are at time uneasy neighbours, the three countries are keen to expand cooperation in various fields in the face of increased global tensions, a more assertive China and an unpredictable North Korea. "This dialogue is meaningful in expanding bilateral economic security cooperation with the United States to the trilateral level," the office of South Korean President Yoon Suk-yeol said in a statement. The United States has accused China and Russia of weaponising supply chains to disrupt the global economy and stoke geopolitical tension.

☆ Explainer: What we know and don't know about the Chinese balloon
▼ + stars: | 2023-02-08 | by ( ) www.reuters.com time to read: +6 min

Here's what we know, and don't know, about the balloon that has triggered a dramatic diplomatic dispute between the two powers:HOW BIG IS IT? WAS IT A WEATHER BALLOON? Other companies that develop stratospheric balloon systems include U.S. space tourism firm World View and French firm CNIM Air Space. AIR is particularly keen on stratospheric balloon technology and has posted several articles on its WeChat account about Aerostar. read moreWhile analysts did not yet know the size of the Chinese balloon fleet, U.S. officials have spoken of dozens of missions since 2018 across five continents, with some targeting Japan, India, Vietnam, Taiwan and the Philippines.

"(The balloon can) induce and mobilise the enemy's air defence system, providing the conditions for the implementation of electronic reconnaissance, assessment of air defence systems' early warning detection and operational response capabilities," the researchers wrote. Balloons are also used for scientific purposes such as weather monitoring, including by the likes of the China Meteorological Administration. "In response to the growing threat posed by ground-based air defence systems to air attack forces, it is necessary to use cheap air balloons to create active and passive interference to effectively suppress enemy air defence early warning systems and cover air attack forces to carry out their missions," it argued. TECHNOLOGY PURCHASESChinese military units and state-run research institutes have bought high-altitude balloons and related technology in the past two years, a Reuters analysis of government tenders shows, though the documents are heavily redacted. The Aerospace Information Research Institute, part of the official Chinese Academy of Sciences (CAS), is among state institutions to have shown interest in balloons, frequently publishing articles about high-altitude balloons on an official WeChat account.

☆ Investing in Space: Doing well to do good
▼ + stars: | 2023-01-26 | by ( Michael Sheetz | ) www.cnbc.com time to read: +2 min

CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. I met up with Planet CFO Ashley Fieglein Johnson here in NYC earlier this month, and one thing she said has really stuck with me: "We have to do well in order to do good." And it's true: Space technologies have changed life around the world in a variety of ways, from GPS to communications and more. "The carrot of being able to do good doesn't tend to survive the nuclear winter of a tough economy," Fieglein Johnson said. Planet's stock slid last year alongside other recently debuted pure-play space companies, but Fieglein Johnson sees the company at a "tipping point" because "awareness of Planet is just at a fundamentally new level."

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