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A general view shows the interiors of what the Israeli military say is a cross-border attack tunnel dug from Gaza to Israel, on the Israeli side of the Gaza Strip border near Kissufim January 18, 2018. After the last round of hostilities in 2021, Hamas's leader in Gaza, Yehya Al-Sinwar, said: "They started saying they destroyed 100kms of Hamas tunnels. Tunneling became easier in 2005 when Israel pulled its soldiers and settlers out of Gaza, and when Hamas won power in a 2006 election. Although the military tunnels remained off-limits to outside eyes, during that era Gaza smugglers would show off their scarcely concealed commercial tunnels under the Rafah border. Israeli sources said what awaits them is formidable and they faced an enemy that has regrouped and learned from previous Israeli operations in 2014 and 2021.
Persons: Jack Guez, Lloyd Austin, Yehya Al, Sinwar, Lifshitz, Mahmoud Abbas, Amir Avivi, Abdel Fattah al, Sisi, Israel, Yasser Arafat's, Deen al, Gilad Shalit, Abu Qusay, Mohammed Deif, Deif, Joel Roskin, Ilan University, Benjamin Netanyahu, Amnon Sofrin, Daphne Richemond, Barak, Jonathan Saul, Stephen Farrell, Phil Stewart, Nafisa Eltahir, Ahmed Mohamed Hassan, Janet Lawrence Organizations: REUTERS, U.S, U.S . Defense, Israel, United Nations Security Council, LONG, Yasser Arafat's Palestine Liberation Organization, West Bank, Hamas, Brigades, Arafat's, Israel's, Ilan, Israel's Combat Engineering, Combat Intelligence Corps, Israel's Reichman University, IDF, ISIS, Thomson Locations: Gaza, Israel, Kissufim, JERUSALEM, LONDON, Hamas, Palestinian, States, Mosul, Islamic, Egypt, Israeli, Viet, Israel's, Egyptian, El Arish, Suez, Yasser Arafat's Palestine, Jordan, Rafah, Syria, Iraq, State, Jerusalem, London, Washington, Cairo
In recent months, leaders and diplomats from a growing number of nations have signed security pacts with the United States, upgraded military ties and weapons purchases or have begun negotiating potential new defense treaties and arrangements. Frightened by Russia’s aggression, Finland joined the North Atlantic Treaty Organization in April, while Sweden is on the brink of membership. Israel and the United States have a series of agreements on military aid. The push around the world for the United States to be all things to all partners in terms of defense is stronger than at any time since the end of the Cold War. All of that sets up a potential battle over a new White House request for $105 billion of military aid that would go mostly to Ukraine and Israel.
Persons: Biden, Donald J Organizations: North Atlantic Treaty Organization, Republican, Trump Locations: Washington, United States, Ukraine, Russia, Saudi Arabia, Bahrain, Iran, Japan, South Korea, Australia, Philippines, China, North, Finland, Sweden, Israel, Gaza, Iraq, Afghanistan
The Chinese navy has deployed "six highly capable vessels" to the Middle East, says RAND's Bryden Spurling. He told Newsweek that the ships "reflect the rapid growth in the sophistication" of China's navy. Six Chinese warships were stationed in the Middle East last week, per reports from China Military Online, a Chinese state-linked military news outlet. The US has ramped up its military presence in the Middle East amid the ongoing war between Israel and Hamas. The Pentagon's 2022 annual report on China's military development forecasted China's fleet to reach 400 ships by 2025 and 440 ships by 2030.
Persons: RAND's Bryden Spurling, , Bryden Spurling, they've, Spurling, Lloyd Austin, Defense Mark Esper, Esper Organizations: Newsweek, Service, RAND, Chinese Navy, Australia's Department of Defence, China Military, U.S ., US, Hamas, . Defense, China, US Navy, Fox News Digital, US Naval Institute, Center for Strategic, International Studies, Defense, RAND Corporation Locations: China, Israel
Defense lawyers estimated that they would question him for about five hours after brief testimony from two other witnesses. After prosecutors rested Thursday, defense lawyers immediately asked Judge Lewis A. Kaplan to acquit Bankman-Fried on the grounds that prosecutors had failed to present sufficient evidence. Bankman-Fried was arrested in the Bahamas and extradited to the United States last December, a month after his businesses collapsed. Kaplan revoked the bail in August after concluding that Bankman-Fried had tried to influence potential trial witnesses. Since then, his lawyers have complained that Bankman-Fried has been unable to properly prepare for trial while incarcerated at a Brooklyn federal lockup.
Persons: Sam Bankman, Fried, Judge Lewis A, Kaplan, acquit, Caroline Ellison, Bankman Organizations: — Prosecutors, Alameda Research, Palo, Stanford University, Bankman, Alameda Locations: Manhattan, California, Alameda, Bahamas, United States, Palo Alto , California, Brooklyn
US Strikes Iranian Targets in Syria -Pentagon
  + stars: | 2023-10-26 | by ( Oct. | At P.M. | ) www.usnews.com   time to read: +4 min
The targets were weapons and munitions storage facilities, the official added, speaking late on Thursday to reporters in Washington. The United States has occasionally carried out retaliatory strikes against Iranian-backed forces in the region after they attack American forces. In March, the U.S. military carried out multiple air strikes in Syria against Iran-aligned groups that it blamed for a drone attack that killed an American contractor. There is growing concern that the Israel-Hamas conflict could spread through the Middle East and turn U.S. troops at isolated bases into targets. The United States did not coordinate the strikes with Israel, the official added.
Persons: Idrees Ali, Phil Stewart WASHINGTON, Lloyd Austin, Joe Biden, Austin, Abu Kamal, Biden, Ayatollah Ali Khamenei, Asad, Phil Stewart, Jamie Freed, Michael Perry Organizations: U.S, Islamic Revolutionary Guard Corps, Pentagon, . Defense, United, Iranian, Reuters Locations: Syria, Iraq, Israel, U.S, Iran, Iranian, Syrian, Washington, United States, Tehran, State, East, Yemen
Oct 25 (Reuters) - U.S. defense contractor Teledyne Technologies (TDY.N) on Wednesday raised its full-year profit forecast after reporting better-than-expected quarterly earnings on strong performance in its business that makes monitoring and control equipment. Teledyne, which owns drone maker FLIR systems, also reported an 8.1% rise in its aerospace and defense business amid rising geopolitical tensions. The Pentagon has awarded lucrative contracts to refill its depleted weapons stockpile after shipping aid to Ukraine, adding to sales at U.S. defense contractors. California-based Teledyne expects a full-year profit of $15.82 to $15.96 per share, compared with its previously forecast range of $15.66 to $15.88. In the third quarter ended Oct. 1, Teledyne reported a quarterly profit of $5.05 per share, compared with analysts' estimates of $4.76.
Persons: Aishwarya Jain, Shinjini Organizations: Teledyne Technologies, Teledyne, Pentagon, U.S, Thomson Locations: Ukraine, California
Saudi men are seen at General Dynamics stand displaying the latest defence system at World Defense Show in Riyadh, Saudi Arabia, March 6, 2022. REUTERS/Ahmed Yosri/File Photo Acquire Licensing RightsOct 25 (Reuters) - U.S. defense contractor General Dynamics (GD.N) beat Wall Street estimates on Wednesday, as buoyant military equipment demand helped overcome higher operating expenses. General Dynamics-manufactured weapons systems, munitions, and combat vehicles such as Abrams tanks have been essential to Ukraine's operations. UAW members at the company make highly profitable military vehicles, including tanks and light armored vehicles, according to the union. General Dynamics joined peer defense contractors Lockheed Martin (LMT.N) and RTX (RTX.N) to report better-than-expected quarterly results.
Persons: Ahmed Yosri, Abrams, Lockheed Martin, Pratyush Thakur, Krishna Chandra Organizations: General Dynamics, Defense, REUTERS, Dynamics, Pentagon, United Auto Workers, UAW, Gulfstream, Thomson Locations: Riyadh, Saudi Arabia, Reston , Virginia, Ukraine, Bengaluru
China's defence ministry blasts Pentagon's annual report
  + stars: | 2023-10-25 | by ( Bernard Orr | ) www.reuters.com   time to read: +3 min
The flags of the United States and China fly from a lamppost in the Chinatown neighborhood of Boston, Massachusetts, U.S., November 1, 2021. REUTERS/Brian Snyder Acquire Licensing RightsBEIJING, Oct 25 (Reuters) - China's defence ministry on Wednesday denounced the U.S. Defense Department's annual report on China, saying it distorts the country's security policy and military strategy. "The so-called report on China's military power released by the United States is full of all kinds of wrong content, including the statement on the Taiwan issue," a spokesperson for China's Taiwan Affairs Office said at a media briefing on Wednesday. But he added the difficulties and obstacles facing relations between the two militaries are created by the United States. The United States accepted China's invitation after China turned down a meeting a few months ago between the two countries' defence chiefs.
Persons: Brian Snyder, Wu Qian, Wu, Defence Ministry's Wu, Bernard Orr, Gerry Doyle Organizations: REUTERS, Rights, U.S . Defense, Pentagon, Congress, Defence Ministry, Taiwan Affairs, Defence, United, Thomson Locations: United States, China, Chinatown, Boston , Massachusetts, U.S, Rights BEIJING, People's Republic of China, South, Taiwan, United, Beijing
JERUSALEM (AP) — Since Israel activated the Iron Dome in 2011, the cutting-edge rocket-defense system has intercepted thousands of rockets fired from the Gaza Strip. Here is a look at the accomplishments — and limitations — of the Iron Dome. HOW DOES THE IRON DOME WORK? The Iron Dome is a series of batteries that use radars to detect incoming short-range rockets and intercept them. “We’re surging additional military assistance, including ammunition and interceptors to replenish Iron Dome,” Biden said.
Persons: Israel's, Rafael, Joe Biden, , ” Biden Organizations: JERUSALEM, Hamas, Raytheon, Israel's Rafael Defense Systems, Institute for National Security Studies, Israel Locations: Israel, Gaza, West, Tel Aviv, U.S, Iron, israel
DENVER (AP) — A former National Security Agency employee from Colorado pleaded guilty Monday to trying to sell classified information to Russia. Dalke, a 31-year-old Army veteran from Colorado Springs, had faced a possible life sentence for giving the information to an undercover FBI agent who prosecutors say Dalke believed was a Russian agent. Political Cartoons View All 1215 ImagesAccording to the indictment, the information Dalke sought to give Russia included a threat assessment of the military offensive capabilities of a third, unnamed country. After he left and gave the classified information to the undercover agent, prosecutors say he reapplied to work at the NSA. During a hearing last year, Dalke's federal public defender downplayed Dalke’s access to classified information since he only worked at the NSA for less than a month.
Persons: , Jareh Sebastian Dalke, Dalke, Raymond Moore, Moore Organizations: DENVER, National Security Agency, Army, U.S, District, NSA Locations: Colorado, Russia, Colorado Springs, Russian, Denver’s, U.S
The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. Though Fain signaled a deal may be close, some analysts expressed worries about the financial impact of the demands on the automakers. The UAW wants workers at EV battery plants to be covered by union contracts, and defined benefit pensions restored for all workers. The strikes and the negotiations with the UAW have weighed on automakers' shares. Since the contract talks began in mid-July, U.S.-listed shares of Stellantis have marginally risen, while Ford and GM shares were down at about 23% and nearly 27%, respectively.
Persons: Rebecca Cook, Shawn Fain, Fain, Wells, Colin Langan, Nathan Gomes, Pooja Desai Organizations: General Motors, REUTERS, U.S, Ford Motor, United Auto Workers, UAW, EV, General Dynamics, Ford, GM, Thomson Locations: Detroit , Michigan, U.S, Stellantis, Bengaluru
Striking United Auto Workers (UAW) members from the General Motors Lansing Delta Plant picket in Delta Township, Michigan U.S. September 29, 2023. Earlier this month, over 1,000 UAW members in Michigan, Ohio and Pennsylvania plants had voted to authorize a strike after a four-year agreement was set to expire on Oct. 22, 11.59 pm ET. UAW members at the company make military vehicles including tanks and light armored vehicles, according to the union. Details of the proposed agreement, which needs to be ratified by UAW workers, were not immediately available. General Dynamics has said it expects to negotiate the terms of 28 agreements with unions and works councils, covering about 12,600 employees this year.
Persons: Rebecca Cook, staving, Abrams, Abhinav Parmar, Priyamvada, Krishna Chandra Organizations: United Auto Workers, UAW, General Motors Lansing Delta Plant, Michigan U.S, REUTERS, General Dynamics, Dynamics, U.S ., Detroit Three, General Motors Co, Ford Motor, Thomson Locations: Delta Township, Michigan, Michigan , Ohio, Pennsylvania, Ukraine, U.S, China, Taiwan, Bengaluru
"Airbus remains committed to providing the U.S. Air Force and our warfighters with the most modern and capable tanker on the market," an Airbus spokesperson said. The Air Force has sought to replace hundreds of Eisenhower-era KC-135 tankers in three lots. "Lockheed Martin has decided not to respond to the U.S. Air Force's KC-135 fleet recapitalization Request for Information," Lockheed spokesperson Stephanie Stinn said in a statement. A Lockheed-Airbus victory would have landed Airbus its first aircraft contract with the U.S. Air Force after attempting to penetrate the U.S. defense market for two decades. In 2011, Boeing won the first of the three-phase procurement to replace the Air Force's aging tanker fleet, securing a contract for 179 KC-46s.
Persons: Cheney Orr, Eisenhower, Lockheed Martin, Stephanie Stinn, Lockheed's, Valerie Insinna, Mike Stone, Chizu Organizations: Lockheed, Association of, United States Army, Global, REUTERS, Rights, Lockheed Martin Corp, U.S . Air, KC, Air Force, Airbus, U.S . Air Force, The Air Force, Boeing, U.S . Air Force's KC, Pegasus, Refueling, recapitalization, Air, Thomson Locations: Huntsville , Alabama, U.S, Alabama, Georgia, Washington
After Hamas attacked Israel on Oct. 7 and killed some 1,400 people, the United States stood by its ally and stressed that Israel has the right to defend itself. The priority is on working to get the hostages out step-by-step," said a source briefed on the hostage negotiations. The first U.S. official said that along with the hostage negotiations, advising Israel to hold off on its invasion could also give more time for humanitarian aid to be delivered to Gaza. U.S. officials have urged Israel to follow the laws of war in any invasion of Gaza, which is home to 2.3 million people. US DEFENSEIsraeli officials have increasingly signaled in public that a Gaza invasion could be imminent.
Persons: Matt Spetalnick, Steve Holland, Humeyra Pamuk, Israel, Joe Biden, John Kirby, Lloyd Austin, Washington Eliav Benjamin, Lebanon's, Antony Blinken, Yoav Gallant, Washington, Matt Spetalnick Steve Holland, Dan Williams, Andrew Mills, Phil Stewart, Idrees Ali, Trevor Hunnicutt, Simon Lewis, Michelle Nichols, Grant McCool Organizations: United, Palestinian, Washington, House, Pentagon, State Department, Friday, U.S, United Nations, White House, Israel's Army, Hamas, NBC, Sunday, Sunday . Washington, Hezbollah Locations: Humeyra Pamuk WASHINGTON, United States, Gaza, Qatar, Israel, U.S, Canada, France, Germany, Italy, Britain, Egypt, White, Washington, Iran, Sunday ., Jerusalem, Doha
After Hamas attacked Israel on Oct. 7 and killed some 1,400 people, the United States stood by its ally and stressed that Israel has the right to defend itself. The priority is on working to get the hostages out step-by-step," said a source briefed on the hostage negotiations. The first U.S. official said that along with the hostage negotiations, advising Israel to hold off on its invasion could also give more time for humanitarian aid to be delivered to Gaza. U.S. officials have urged Israel to follow the laws of war in any invasion of Gaza, which is home to 2.3 million people. Israel would have a difficult time fighting a war on two fronts simultaneously if Hezbollah launches a full-scale fight in the north, U.S. officials say.
Persons: Israel, Joe Biden, John Kirby, Lloyd Austin, Washington Eliav Benjamin, Lebanon's, Antony Blinken, Yoav Gallant, Washington, Matt Spetalnick Steve Holland, Humeyra Pamuk, Dan Williams, Andrew Mills, Phil Stewart, Idrees Ali, Trevor Hunnicutt, Simon Lewis, Michelle Nichols, Grant McCool Organizations: United, Palestinian, Washington, House, Pentagon, State Department, Friday, U.S, United Nations, White House, Israel's Army, Hamas, NBC, Sunday, Sunday . Washington, Hezbollah, Thomson Locations: United States, Gaza, Qatar, Israel, U.S, Canada, France, Germany, Italy, Britain, Egypt, White, Washington, Iran, Sunday ., Jerusalem, Doha
Biden has literally, and figuratively, wrapped Netanyahu in a warm embrace since the Oct. 7 attacks by Hamas. Biden himself told reporters on his way back from Israel that he had a “long talk” with Israeli officials “about what the alternatives are” to a possible extended ground operation. “At the same time ... Netanyahu and I discussed again yesterday the critical need for Israel to operate by the laws of war. That was followed by more than a dozen lawmakers introducing a resolution urging the Biden administration to call for an immediate de-escalation and ceasefire. Biden administration officials, meanwhile, in their interactions with their Israeli counterparts have witnessed trauma — and rage — that is palpable.
Persons: Joe Biden, Benjamin Netanyahu, Biden, he'd, Netanyahu, Bibi, , He's, Netanyahu “, “ We’re, ” Biden, Antony Blinken, Delia Ramirez, Summer Lee of, Michigan —, Blinken, Ilhan Omar, Omar, Israel, , ” Josh Paul, Biden’s, Gazans Organizations: WASHINGTON, White, Israel, Democratic Party, Democratic, Delia Ramirez of Illinois, West Bank, Rep, Ministry, State Department's Bureau, Political, Military Affairs, State Department, U.S Locations: Israel, Tel Aviv, Gaza, Israeli, U.S, Ukraine, Egypt, Iraq, Jordan, Delia Ramirez of, Summer Lee of Pennsylvania, Michigan, Afghanistan, Rafah, Hiroshima, Nagasaki, United States
By Nidal al-Mughrabi and Emily RoseGAZA/JERUSALEM (Reuters) - Israel bombarded Gaza with air strikes early on Monday and its aircraft struck southern Lebanon overnight, as Israeli Prime Minister Benjamin Netanyahu convened a meeting of his top generals and his war cabinet to assess the escalating conflict. Israel's attacks concentrated on the Gaza Strip's centre and north, Palestinian media reported. A strike on a house near the Jabalia refugee camp, in northern Gaza, killed several Palestinians and wounded others, according to media reports. "The prime minister noted his nation's unity and determination to eliminate the military and governing capabilities of Hamas," Netanyahu's office said. French President Emmanuel Macron and Dutch Prime Minister Mark Rutte will visit Israel this week.
Persons: Nidal, Emily Rose, Benjamin Netanyahu, Ismail Haniyeh, Hossein Amirabdollahian, Israel, Lloyd Austin, ABC's, Mohammad Shtayyeh, Joe Biden, Netanyahu, Biden, Pope Francis, Emmanuel Macron, Mark Rutte, Nidal al, Phil Stewart, Lisa Shumaker Organizations: Health, Iranian, . Defense, Reuters, Iran, Hezbollah, GAZA Palestinian, White, Dutch Locations: Emily Rose GAZA, JERUSALEM, Israel, Gaza, Lebanon, Washington, Iran, U.S, Tehran, Islamic Republic, Syria, Israeli, Damascus, Aleppo, GAZA, Rafah, Canada, France, Britain, Germany, Italy, Spain, Netherlands, Jerusalem
A strike on a house near the Jabalia refugee camp, in northern Gaza, killed several Palestinians and wounded others, according to media reports. Israel has amassed tanks and troops near the fenced border around Gaza for a planned ground invasion aiming to annihilate Hamas. [1/5]An Israeli flag flutters from a self-propelled howitzer near Israel's border with the Gaza Strip, in southern Israel, October 22, 2023. Netanyahu also held a phone call with the leaders of France, Spain and the Netherlands late on Sunday, the Israeli leader's office said. Dutch Prime Minister Mark Rutte will visit Israel on Monday and French President Emmanuel Macron will visit Tuesday.
Persons: Israel, Benjamin Netanyahu, Ismail Haniyeh, Hossein Amirabdollahian, Lloyd Austin, ABC's, Violeta Santos Moura, Mohammad Shtayyeh, Joe Biden, Netanyahu, Biden, Pope Francis, Mark Rutte, Emmanuel Macron, Nidal al, Emily Rose, Phil Stewart, Lisa Shumaker Organizations: Biden, Health, Iranian, Pentagon, . Defense, Reuters, Iran, REUTERS, Hezbollah, GAZA Palestinian, White, Israel, Thomson Locations: Gaza, Israel, GAZA, JERUSALEM, Lebanon, Washington, Iran, U.S, Tehran, Islamic Republic, Syria, Israeli, Damascus, Aleppo, Rafah, Canada, France, Britain, Germany, Italy, Spain, Netherlands, Dutch, Jerusalem
Defense Secretary Lloyd Austin said the U.S. is concerned about the potential for escalating attacks against U.S. troops in the Middle East and is making moves to ensure they are protected. The Pentagon said Saturday it had deployed an antiballistic missile defense system and several Patriot missile battalions to the region. "As President Biden said earlier and as you've heard me say, if any group or any country is looking to widen this conflict, take advantage of this very unfortunate situation that we see, our advice is don't," Austin said Sunday on ABC News.
Persons: Lloyd Austin, Biden, you've, Austin Organizations: U.S, Pentagon, Patriot, ABC News Locations: U.S
Blinken Warns of Heightened Threat to U.S. Forces
  + stars: | 2023-10-22 | by ( ) www.wsj.com   time to read: 1 min
U.S. Secretary of State Antony Blinken said the U.S. expects further attacks on its forces in the Middle East, following the recent series of drone incursions in Syria and Iraq and the interception of missiles and drones by a U.S. missile-guided destroyer in the Red Sea. “In fact, we expect that there's a likelihood of escalation, escalation by Iranian proxies directed against our forces, directed against our personnel,” Blinken said Sunday on NBC’s Meet The Press. Blinken expanded on what he said were U.S. efforts to deter Iran or others entering the conflict, with two carrier strike groups, missile defense systems and other resources in the area or being sent to the region. “We don't want to see a second or third front develop,” he said. His comments followed similar concerns expressed earlier Sunday by U.S. Defense Secretary Lloyd Austin.
Persons: Antony Blinken, ” Blinken, Blinken, , Lloyd Austin Organizations: U.S ., Press, U.S . Defense Locations: Syria, Iraq, U.S, Red, Iran
KANSAS CITY, Mo. Greg Hallgrimson was sentenced Friday in the case in which authorities say he punched and knocked his ex-wife unconscious in June 2020, the Kansas City Star reported. Greenwood is about 20 miles southeast of Kansas City. A federal judge subsequently sentenced Hallgrimson, who pleaded guilty to violating the civil rights of the father, to five years of probation. Defense attorneys for Hallgrimson had argued that Hallgrimson was not the initial aggressor because he was slapped first.
Persons: Greg Hallgrimson, Hallgrimson, Greenwood, Zachary Thompson, Organizations: KANSAS CITY, , Kansas City Star, Greenwood Police Department, Kansas City, Police Locations: KANSAS, Mo, Missouri, Kansas, Clay County
PHILADELPHIA (AP) — A former Philadelphia police officer has been sentenced to 15 to 40 years in state prison after pleading guilty to sexually assaulting women and girls — often while in uniform and in the back of his police vehicle. Patrick Heron, 54, entered the pleas Friday after reaching an agreement with prosecutors in advance of a trial on more than 200 counts that included child sex assault, child pornography, kidnapping and related offenses, The Philadelphia Inquirer reported. Jane Roh, spokesperson for the district attorney’s office, said victims who are now spared the trauma of a trial welcomed the guilty plea. Investigators said they later found photos and videos indicating predatory behavior spanning years and including dozens of often vulnerable young women and girls including those who had run away, been arrested or struggled with addiction. She said investigators have identified 48 victims, though many of their identities remain unknown, and more likely haven't come forward.
Persons: , Patrick Heron, Jane Roh, Anthony List, ” Heron, Lyandra Retacco, Heron Organizations: PHILADELPHIA, Philadelphia, Philadelphia Inquirer
U.S. Defense Contractors Could See a Windfall From Israel Aid
  + stars: | 2023-10-20 | by ( ) www.wsj.com   time to read: 1 min
The White House request to provide the Pentagon with an additional $10.6 billion to equip Israel includes systems with substantial U.S. content, which might help ease its passage through Congress. Israel’s Rafael makes the David’s Sling missile-defense system in partnership with U.S. defense giant RTX, which says its work is spread across around 30 states. The two companies also cooperate on the shorter range Iron Dome defense system and are considering a U.S. production facility for the missile interceptors. The proposed funds would also advance Rafael’s Iron Beam platform, which uses lasers to down missiles and drones. It hopes to have that system operational in 2025 and is working with Lockheed Martin on a U.S. version.
Persons: Israel’s Rafael, Lockheed Martin Organizations: Pentagon, U.S, Lockheed Locations: Israel
A stock with a 14-day RSI greater than 70 is considered to be overbought and at risk of a pullback. Here are some of the most overbought names: Sports apparel retailer Nike has a 14-day RSI of 81.89, and just under half of analysts covering the stock rate it a buy. Lockheed Martin is another one of the most overbought companies in the S & P 500. The U.S. defense contractor scored a 14-day RSI of 77.69, with a consensus price target implying 6.8% upside. Also on the oversold list is pharmaceutical company Moderna , which has a 14-day RSI reading of 15.5.
Persons: Piper Sandler, Lockheed Martin, Invesco, Jason Haas, Haas, — CNBC's Michael Bloom Organizations: Nike, Dow Jones, CNBC Pro, Insurance, Cardinal Health, Allstate, Humana, Investment, Hasbro, Wall, Bank of America, Monopoly, Moderna, Pfizer, FedEx Locations: U.S, Lowe's
The Biden administration on Friday requested more than $105 billion from Congress to support the security needs of Ukraine, Israel, Taiwan and the U.S. southern border. President Joe Biden's biggest request in the package is more than $61 billion for Ukraine. Since Russia's full-scale invasion of Ukraine in February 2022, the U.S. has unleashed an arsenal worth $44 billion in security assistance, according to figures provided by the State Department. He's also calling for an additional $14.3 billion for Israel, another $2 billion for Taiwan and Indo-Pacific security, and a little over $9 billion for humanitarian assistance. The White House said the supplemental funding request invests approximately $50 billion in the U.S. defense industry.
Persons: Biden, Joe Biden's, He's, Shalanda Young Organizations: State Department, Management Locations: Ukraine, Israel, Taiwan, U.S, China
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