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☆ Take a look at the $63 million F-16 fighter jet the West has pledged to help Ukraine win the war with Russia
▼ + stars: | 2023-08-26 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +5 min

Denmark and the Netherlands are sending F-16 fighter jets to Ukraine, with US approval. Ukraine has long coveted the US-made jet as it seeks to bolster its air capabilities in its war with Russia, which has a more advanced air force. Mads Claus Rasmussen/AFP/Getty ImagesSpecificationsThe F-16 is a multi-role fighter built by Lockheed Martin for the US Air Force. A US Air Force F-16 Fighting Falcon aircraft. AdvertisementAdvertisementThe US will also begin training Ukrainian pilots to fly and maintain F-16s in Arizona in October, the Pentagon said Thursday.

Persons: Joe Biden, Volodymyr Zelenskyy, Mette Frederiksen, Mads Claus Rasmussen, Lockheed Martin, Justin Bronk, Ethan Miller, James Hecker, It's, Stringer, John Kirby, Kyriakos Mitsotakis, Al Jazeera, Kajsa Ollongren, Oleksii Reznikov, Pat Ryder Organizations: Service, Getty, Lockheed, US Air Force, Falcon, AIM, Royal United Services Institute, U.S . Air Force, Nevada, US Air Forces, Israeli Air Force, US National Security, Pentagon, Pentagon Press, Air Force Locations: Denmark, Netherlands, Ukraine, Wall, Silicon, Russia, Indian Springs , Nevada, Europe, Romania, Athens, Al, Kyiv, Arizona

☆ NASA's supersonic passenger flights are getting closer
▼ + stars: | 2023-08-25 | by ( Julia Buckley | ) edition.cnn.com time to read: +3 min

Since the 2003 end of Concorde, of course, flitting quickly across the Atlantic has been a thing of the past. Flights between London and New York take around eight hours, or closer to seven in the other direction. But now, the thought of supersonic travel has been mooted again – by none other than NASA, which reckons that New York-London flight could take as little as 90 minutes in the future. However, NASA is developing “quiet” supersonic aircraft, called X-59s, as part of its Quesst mission. Lockheed MartinSimilar studies to the ones done now, which were carried out a decade ago, shaped the development of the X-59 aircraft, according to Lori Ozoroski, project manager for NASA’s Commercial Supersonic Technology Project.

Persons: flitting, NASA’s, Lockheed Martin, Lori Ozoroski, ”, Mary Jo Long, Davis Organizations: CNN, Concorde, NASA, NASA’s Glenn Research Center, Atlantic, Air Vehicles, Boeing, Northrop Grumman Aeronautics Systems, Lockheed, NASA’s, Technology Locations: London, New York

☆ NASA moves forward with plans for supersonic planes that could fly from New York to London in 1.5 hours
▼ + stars: | 2023-08-25 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +3 min

NASA asked private companies to figure out how to make commercial supersonic flight "a reality." Mach 2 to 4 planes, flying up to 3,045 mph, could be used on 50 established flight routes, per NASA. This comes as NASA is starting to test its own X-59 supersonic plane to make sonic booms quieter. To make supersonic flight a reality, it needs to become quieterThe news comes as NASA begins testing its own supersonic plane. NASA/Lockheed MartinThis is an important experiment because non-military supersonic flight over land has been banned by federal regulations for over 50 years in the US.

Persons: Northrop Grumman, Mary Jo Long, Davis, Lockheed Martin, John Wolter, We're, Peter Coen Organizations: NASA, Service, Boeing, Northrop, Concorde, Technology, Lockheed, Lockheed Martin Skunk Works, Quesst Locations: Wall, Silicon, London, New York, Palmdale , California

☆ Lockheed's Sikorsky wins $2.7 billion U.S. Navy contract
▼ + stars: | 2023-08-24 | by ( ) www.reuters.com time to read: +1 min

A Sikorsky CH-53K King Stallion helicopter is seen in Berlin, Germany, April 26, 2018. REUTERS/Axel Schmidt/file photo Acquire Licensing RightsAug 24 (Reuters) - Sikorsky, a unit of Lockheed Martin (LMT.N), said on Thursday it was awarded a $2.7 billion contract by the U.S. Navy to build 35 additional CH-53K helicopters. The agreement includes 12 U.S. Marine Corps Lot 7 aircraft, 15 U.S. Marine Corps Lot 8 aircraft, and eight aircraft for Israel. "This contract award for 35 CH-53K helicopters stabilizes Sikorsky's nationwide supply base, creates additional production efficiencies," said Sikorsky's president Paul Lemmo. Sikorsky said it will begin delivery of these aircraft in 2026.

Persons: Axel Schmidt, Lockheed Martin, Paul Lemmo, Sikorsky, Pratyush Thakur, Shailesh Organizations: Sikorsky, King Stallion, REUTERS, Lockheed, U.S . Navy, Berlin Air, . Marine Corps, U.S . Marine Corps, Thomson Locations: Berlin, Germany, Israel, Bengaluru

☆ People online are mocking a bizarre crossover that's turned arms manufacturer Lockheed Martin into streetwear in South Korea
▼ + stars: | 2023-08-24 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

Users on X and TikTok spotted Lockheed Martin brand streetwear being sold online in South Korea. "Why is lockheed martin making streetwear for swagged out Asians," wrote one user on X. The South Korean company told Insider in an email that it acquired the official Lockheed Martin license brand through an agency. The collection was spotted by X user @wiggerwakanda on Friday, which read: "why is lockheed martin making streetwear for swagged out Asians." "Military industrial complex sponsored Korean streetwear is wayyyy too insane to have made it onto my 2023 bingo card," X user @candidspeaks posted on Wednesday.

Persons: Lockheed Martin, lockheed martin, streetwear, Doojin Yanghang, opaleyes369, Daily's Shin Organizations: Lockheed, lockheed, Service, Won, South, CNN, Yale, Billboard, Kodak, Equity Management Locations: South Korea, swagged, Wall, Silicon, American, Korean, Korea

☆ How many F-16 jets will Ukraine get and how will they change war?
▼ + stars: | 2023-08-23 | by ( ) www.reuters.com time to read: +5 min

Denmark this month began training eight Ukrainian pilots in flying the jets, the Danish armed forces said. Officials from a coalition of 11 nations have said F-16 training will also take place in Romania. A Ukranian air force spokesman has said he did not expect Ukraine to be able to operate F-16 jets this coming winter. Designed in the 1970s and produced in the 1980s by General Dynamics, now a part of Lockheed Martin (LMT.N), the F-16 jets that Ukraine will receive are around 40-years-old. Russia warned that supplying jets to Ukraine would escalate the war.

Persons: Volodymyr Zelenskiy, Mark Rutte, de Wouw, Mette Frederiksen, Zelenskiy, Oleksiy Reznikov, Lockheed Martin, Esben Salling Larsen, Salling Larsen, Vladimir Barbin, Johannes Birkebaek, Jacob Gronholt, Terje Solsvik, Angus MacSwan Organizations: Dutch, REUTERS, Rights, Danish, Russian, Ukraine's Defence, NATO, General Dynamics, Lockheed, Royal Defence College, WHO, JETS, Gripen, Saab, Pedersen, Thomson Locations: Eindhoven, Netherlands, Denmark, Ukraine, UKRAINE, Danish, Skrydstrup, Greece, Romania, Poland, Slovakia, RUSSIA, Russia, Russian, Norway, Portugal, Belgium, Sweden, Copenhagen

☆ Buybacks could boost equity demand in coming weeks and these stocks could see a pop, Goldman says
▼ + stars: | 2023-08-23 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

A flurry of buyback activity should give the equity market a boost in the coming weeks, and some stocks stand to benefit more than others, according to Goldman Sachs. August has seen strong repurchase volume from large-cap companies with executions standing at about 40% above the average 2023 level, Goldman said. Goldman's buyback basket of 50 sector-neutral companies with above-average repurchase activity has historically performed particularly well following the second-quarter earnings season, Goldman said. The stocks in Goldman's basket included Tapestry , Lockheed Martin, HP , Dollar General , Applied Materials and Bath & Body Works . Still, higher interest rates could cause a slowdown in buybacks this year as many companies tend to issue debt to repurchase stocks.

Persons: Goldman Sachs, Goldman, David Kostin, Lockheed Martin Organizations: HP, Dollar, Applied Materials, Body

☆ US approves possible sale of F-16 search and track systems to Taiwan
▼ + stars: | 2023-08-23 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Paulo Whitaker Acquire Licensing RightsAug 23 (Reuters) - The U.S. State Department has approved a possible $500 million sale to Taiwan of infrared search and track systems for F-16 fighter jets, as well as other equipment, the Pentagon said on Wednesday. "The proposed sale of this equipment and support will not alter the basic military balance in the region," it said in a statement. The move could irritate Beijing, which repeatedly demanded the United States - Taiwan's most important arms supplier - halt the sale of weapons to the island. The $500 million is the maximum potential value of the contract and the actual dollar value will be lower, the Pentagon said. The United States unveiled a Taiwan weapons aid package worth up to $345 million late last month.

Persons: Paulo Whitaker, Tsai Ing, Katharine Jackson, David Ljunggren, Caitlin Webber Organizations: U.S . Air Force, Brazilian Air Force, REUTERS, U.S . State Department, Pentagon, Lockheed Martin Corp, United, State Department, Thomson Locations: CRUZEX, Natal, Brazil, Taiwan, Beijing, United States, China

☆ Pentagon space arm awards $1.5 billion contract to Lockheed Martin and Northrop Grumman for communications satellites
▼ + stars: | 2023-08-21 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +2 min

The Pentagon's Space Development Agency on Monday awarded $1.5 billion in contracts to Lockheed Martin and Northrop Grumman for prototype communications satellites. Lockheed and Northrop will each build 36 of the prototype satellites, scheduled to begin launching by September 2026. Those "Tranche 0" satellites were the first effort to demonstrate the feasibility of SDA's network. In addition to communications, the SDA network aims to provide the U.S. military with features such as missile warning and tracking capabilities. SDA has previously awarded contracts to build and operate satellites in its fleet to York Space, SpaceX, Lockheed Martin, Northrop Grumman, and L3Harris .

Persons: Lockheed Martin, Northrop, Northrop Grumman Organizations: Space Development Agency, Lockheed, Northrop Grumman, Northrop, SDA, CNBC, Pentagon, Space Force, Department of Defense's, Command, Control, SpaceX

☆ Ukraine's Zelenskiy in Netherlands in push to boost air defences
▼ + stars: | 2023-08-20 | by ( ) www.reuters.com time to read: +2 min

Ukrainian President Volodymyr Zelenskiy is greeted by Dutch Prime Minister Mark Rutte, during his visit to Eindhoven, Netherlands, August 20, 2023. REUTERS/Piroschka van de Wouw Acquire Licensing RightsEINDHOVEN, Aug 20 (Reuters) - Ukrainian President Volodymyr Zelenskiy arrived in the Netherlands on Sunday in an ongoing push to boost Ukraine's air defences, days after the United States approved the possible delivery of F-16 fighter jets by the Netherlands and Denmark. Zelenskiy will meet outgoing Dutch Prime Minister Mark Rutte at a military air base in Eindhoven, Rutte's office said without providing further details. According to figures from the Dutch defence ministry, the Netherlands currently has 24 operational F-16s which will be phased out by mid-2024. Reporting by Bart Meijer, Stephanie van den Berg and Piroschka van der Wouw Editing by David Goodman, Elaine HardcastleOur Standards: The Thomson Reuters Trust Principles.

Persons: Volodymyr Zelenskiy, Mark Rutte, de Wouw, Zelenskiy, Rutte, Oleksiy Reznikov, Lockheed Martin, Bart Meijer, Stephanie van den Berg, Piroschka van, David Goodman, Elaine Hardcastle Organizations: Dutch, REUTERS, Rights, Global Peace Summit, Ukraine's Defence, Lockheed, Gripen, Thomson Locations: Eindhoven, Netherlands, States, Denmark, The Netherlands, Ukraine, Russia, Romania, Sweden

☆ US State Dept OKs potential sale to Australia of HIMARS for $975 mln - Pentagon
▼ + stars: | 2023-08-18 | by ( ) www.reuters.com time to read: 1 min

WASHINGTON, Aug 18 (Reuters) - The U.S. State Department has approved a possible sale to Australia of M142 High Mobility Artillery Rocket Systems (HIMARS) for $975 million, the Pentagon said on Friday. The principal contractors will be Lockheed Martin (LMT.N), L3Harris (LHX.N), Leonardo DRS, and Oshkosh (OSK.N), the Pentagon said in a statement. Reporting by Paul Grant and Kanishka SinghOur Standards: The Thomson Reuters Trust Principles.

Persons: Lockheed Martin, Leonardo, Paul Grant, Kanishka Singh Organizations: U.S . State Department, High, Artillery Rocket Systems, Pentagon, Lockheed, Leonardo DRS, Thomson Locations: Australia, Oshkosh

☆ Thermo Fisher Scientific and more: CNBC's 'Halftime Report' traders answer your questions
▼ + stars: | 2023-08-17 | by ( Joshua Natoli | ) www.cnbc.com time to read: 1 min

On Thursday's "Ask Halftime," traders answered questions from CNBC Pro subscribers about which stocks to buy, hold or sell right now. Jenny Harrington of Gilman Hill Asset Management discussed why she sees Thermo Fisher Scientific as a stock worth holding for the long term. Capital Wealth Planning's Kevin Simpson shared his thesis on investing in Lockheed Martin and why now is a good entry point to buy shares.

Persons: Jenny Harrington, Kevin Simpson, Lockheed Martin Organizations: CNBC Pro, Management, Lockheed

Ukraine will not receive F-16 fighter jets from its allies this year as hoped, a spokesman for the country’s Air Force said late Wednesday, confirming that, as expected, the advanced planes won’t play a role in the current counteroffensive. “It is already obvious that we will not be able to protect Ukraine with F-16 fighters this autumn and winter,” Yuriy Ihnat, the spokesman, told Ukrainian television. First flown in 1976, the F-16 “Fighting Falcon” is a supersonic fighter jet used by militaries in 25 countries for air-to-air combat and air-to-ground strikes. It is built by the American defense contractor Lockheed Martin and manufacturers in Belgium, Denmark, the Netherlands and Norway. There are approximately 3,000 in active military service worldwide, including hundreds in the U.S. Air Force and Navy.

Persons: Yuriy Ihnat, “, Lockheed Martin Organizations: country’s Air Force, U.S . Air Force, Navy Locations: Ukraine, Belgium, Denmark, Netherlands, Norway

Netherlands' Air Force F-16 fighter jets fly during a media day illustrating how NATO Air Policing safeguards the Allies' airspace in the northern and northeastern region of the Alliance, July 4, 2023. Ukraine has actively sought the U.S.-made F-16 fighter jets to help it counter Russian air superiority. Washington gave Denmark and the Netherlands official assurances that the United States will expedite approval of transfer requests for F-16s to go to Ukraine when the pilots are trained, the official said. A coalition of 11 countries was due to start training Ukrainian pilots to fly the F-16 fighter jets this month in Denmark. U.S. President Joe Biden endorsed training programs for Ukrainian pilots on F-16s in May.

Persons: de, Troels Poulsen, Antony Blinken, Blinken, Joe Biden, Yuriy Ihnat, Lockheed Martin, Steve Holland, Idrees Ali, Cynthia Osterman Organizations: Air Force, Air, Alliance, REUTERS, Rights, United, U.S, Washington, NATO, Reuters, Ukrainian, Lockheed, Thomson Locations: Netherlands, United States, Ukraine, Denmark, U.S, Ukrainian, Russia, States, Romania, .

☆ The US Army is rushing to rearm its electronic warriors after watching Russia and Ukraine jam each other's drones
▼ + stars: | 2023-08-15 | by ( Michael Peck | ) www.businessinsider.com time to read: +6 min

Electronic warfare has played a prominent role during the war in Ukraine. This has put fresh impetus behind the US Army's electronic-warfare upgrades. Concern about electronic warfare, or EW, isn't new, nor is the US deficient in all EW aspects. For its part, Russia has been able to use electronic warfare to send Ukraine's GPS-guided JDAM glide bombs and HIMARS rockets off course. Most armies — or at least the high-tech ones — are vulnerable to electronic warfare, but the US military is especially vulnerable because its way of war is so dependent on electronic communications.

Persons: Douglas Bush, Simon Mictizic, Bush, Charles Brown Jr, Denis Abramov, Brown, Lockheed Martin, Michael Peck Organizations: Service, US Army, Army, Army's 1st Infantry Division, Staff, Air Force, Joint Chiefs of Staff, Navy, Russian Defense Ministry, Mil.ru, Domain Command, GPS, Support Force, US, Combat, Stryker, TLS, Defense, Foreign Policy, Twitter, LinkedIn Locations: Ukraine, Russia, Wall, Silicon, Russian, China, Forbes

☆ China's military claims to have found a way to build a laser weapon that can fire indefinitely
▼ + stars: | 2023-08-14 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +5 min

Armies around the world are testing high-energy laser weapons to intercept targets. If their claims are true, it would mean that China has leapfrogged ahead of the US in developing high-energy laser weapons that could be used on the battlefield. The capability China's military scientists claim to have developed, however, has not yet been seen in action. Laser beams can heat up gas in the air, which can reduce the quality of the beam and cause damage inside the laser chamber, according to the report. The Marines have tested a Compact Laser Weapons System in the range of 2 to 10 kilowatts, and the Air Force has received high-energy laser pods for its fighter jets.

Persons: Steve Weaver, Lockheed Martin Organizations: Service, China Morning, National University of Defence Technology, Optica Sinica, British, Energy, Lockheed, US Department of Defense's, US Army, Marines, Air Force, Defense Department, Office Locations: China, Wall, Silicon, Hunan, Optica, United States, Portland

☆ US Special Operations Command is working on a new mini-sub to carry SEALs to their targets in style
▼ + stars: | 2023-08-10 | by ( Stavros Atlamazoglou | ) www.businessinsider.com time to read: +7 min

The Dry Combat Submersible would shield SEALs from the sea, unlike other delivery vehicles. US Navy/Chief Photographer's Mate Andrew McKaskleThe battery-powered Dry Combat Submersible is about 40 feet long and weighs a little over 28 tons. But perhaps the biggest difference is that the Dry Combat Submersible keeps frogmen dry, unlike the SEALs' other submersibles, which are open to the sea. US Navy/Chief Journalist Dave FliesenUS special-operations leaders have big ambitions for the Dry Combat Submersible and their other mini-subs. The Mark 11 is meant to carry small teams of Navy SEALs into an enemy harbors and shores without detection.

Persons: Lockheed Martin, SOCOM, Photographer's, Andrew McKaskle, Gregg Bauer, John Parker, Bauer, Dave Fliesen, Christopher Perez The, Mark, Stavros Atlamazoglou Organizations: Operations Command, Lockheed, Service, US Navy SEALs, Special Operations Command, US Navy, Navy, DCS, Naval, Warfare Command, Navy SEALs, Warfare, Special Boat Service, US State Department, Hellenic Army, 575th Marine Battalion, Army, Johns Hopkins University, Johns Hopkins, School, International Locations: Wall, Silicon, Russia, China, Ukraine, Philadelphia, Georgia, Naples, Italy, Sutton, Dallas, Norfolk, Pearl, Christopher Perez The British, British, Johns

☆ US to send Kyiv first $200 mln of arms freed by $6.2 bln 'accounting error'
▼ + stars: | 2023-08-07 | by ( Mike Stone | ) www.reuters.com time to read: +2 min

REUTERS/Wolfgang... Read moreWASHINGTON, Aug 7 (Reuters) - President Joe Biden's administration will announce $200 million of new weapons aid for Ukraine as soon as Tuesday, U.S. officials told Reuters, as it begins to dole out $6.2 billion of funds discovered after a Pentagon accounting error over-valued billions of Ukraine aid, two U.S. officials said on Monday. Ukraine needs weaponry that can be shipped from U.S. stocks in a matter of days or weeks so it can keep up its fight to repel Russia's invasion - the accounting error worked to Kyiv's benefit because more equipment can be sent. Washington is currently working on a supplemental budget request to continue to aid Kyiv, the U.S. officials said. Tuesday's expected announcement of $200 million would be the first tranche of the $6.2 billion windfall of previously authorized Presidential Drawdown Authority (PDA), the officials said. Reporting by Mike Stone in Washington; Editing by David GregorioOur Standards: The Thomson Reuters Trust Principles.

Persons: Boris Pistorius, Lloyd Austin, Jens Stoltenberg, Wolfgang, Read, Joe Biden's, Tuesday's, Lockheed Martin, Mike Stone, David Gregorio Our Organizations: German, NATO, Ramstein Air Base, REUTERS, Reuters, Pentagon, Lockheed, Lockheed Martin Corp, Patriot, RTX Corp, Thomson Locations: Ukraine, U.S, Ramstein, Miesenbach, Germany, WASHINGTON, Kyiv, Washington

☆ The moon is open for business, and entrepreneurs are racing to make billions
▼ + stars: | 2023-08-06 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +15 min

"Definitely the moon is going to be a big business," said Prachi Kawade, a senior analyst at NSR, a research-and-consulting company focused on the space market. At first, lunar missions could be limited to a couple of weeks or months in a lunar base camp. Another lead for moon mining is the rare-earth elements that millennia of meteorites crashing into the moon may have left behind. Fly me to the moonHowever, the most lucrative part of the moon market by far is rocket development, said Kawade, who leads NSR's lunar-market report. NASA built its own system for its upcoming Artemis moon missions, the Space Launch System (SLS) mega-rocket with its Orion spacecraft.

Persons: Artemis, Brendan Rosseau, Lockheed Martin, Prachi Kawade, that's, Rosseau, Steve Creech, Creech, Kawade, NASA We're, George W, Bush, Rousseau, landers, Per, NASA's, NASA Ames, Daniel Rutter, Elon Musk's, Artemis III, Musk, NASA isn't, Glenn, III, VIII, Bill Nelson, Svetla Ben, Itzhak, Ben Organizations: NASA, Service, Harvard Business School, SpaceX, Origin, Nokia, Lockheed, General Motors, NSR, Apollo, ESA, Payload, Astrobotic Technology, Rover, Exploration Rover, Polar Resources, Mining, Orion, Elon, Elon Musk's SpaceX, Politico, Artemis, China, Air University Locations: Wall, Silicon, China, Pittsburg, Texas, California, Colorado, Japan, Russia, Latin America, Central Asia, Pakistan

REUTERS/Steve Marcus/File photoAug 2 (Reuters) - Refining rare earths for the green energy transition is hard. "The (rare earths) commissioning process is painstaking, with stops and starts," Jim Litinsky, MP's CEO and largest shareholder, told investors in May. Rare earths magnets turn power into motion and are the essential components in an electric vehicle's motor. Rare earths refining "is not really being addressed even by those who are developing magnet capacity," said Ryan Castilloux, a minerals consultant at Adamas Intelligence. American Rare Earths is working with U.S. government scientists at the Lawrence Livermore Laboratory to develop bacteria that could process rare earths.

Persons: Steve Marcus, Lockheed Martin's, Lynas, Jim Litinsky, Kray Luxbacker, they've, Allan Walton, Ryan Castilloux, Castilloux, refines, Dysprosium, Tesla, Melissa Sanderson, Nathan Picarsic, Ernest Scheyder, Eric Onstad, Nick Carey, Melanie Burton, Veronica Brown, Susan Heavey Organizations: REUTERS, Lockheed, International Energy Agency, General Motors, University of, University of Birmingham, Adamas Intelligence, Trump, Reuters, Pentagon, Blue, Benchmark Mineral Intelligence, Edge, Sweden's, U.S, Lawrence Livermore Laboratory, Horizon Advisory, Thomson Locations: Pass , California, U.S, China, Apple's, Beijing, Texas, Western Australia, COVID, California, Myanmar, Vietnam, Malaysia, Australia, Kuala Lumpur, United States, San Antonio , Texas, Sweden, South Africa, Karr

REUTERS/Joe Skipper/File PhotoPARIS, Aug 2 (Reuters) - U.S. space venture company Voyager Space and Airbus (AIR.PA) said on Wednesday they will co-operate more closely in the race to build a private version of the International Space Station. Voyager Space also declined to discuss funding plans. "Lockheed will likely still have a role to play somewhere within the supply chain," Dylan Taylor, CEO of Voyager Space told reporters. Lockheed remains an important customer for Voyager and Starlab will remain U.S.-led, he added. Voyager Space and Airbus have said Starlab would deploy in 2028, but backed away from a specific timeline on Wednesday.

Persons: Joe Skipper, Voyager's Starlab, Lockheed Martin, Dylan Taylor, Jeff Bezos, we're, Taylor, Tim Hepher, Joey Roulette, Jane Merriman Organizations: NASA, Vehicle, Kennedy Space Center, REUTERS, Space, Airbus, International Space, Lockheed, Voyager Space, Thomson Locations: Cape Canaveral , Florida, U.S, Columbus, Europe

☆ Eyeing China in the Pacific, US studies explosives to make missiles fly further
▼ + stars: | 2023-08-02 | by ( Mike Stone | ) www.reuters.com time to read: +5 min

China views the U.S. in the Pacific as a threat, ramping up its own military presence in response. "Unfortunately, the Pentagon has grown complacent using 1940s-era energetics and neglected advanced energetics like CL-20 that are necessary to increasing the range and lethality of our force. In the last decade, when explosive weapons were used in populated areas, 90% of those reported killed or injured globally were civilians." The House version does not name any weapons, but Bob Kavetsky with the Energetics Technology Center said candidates for the new chemicals include the Lockheed Martin-made (LMT.N) long range anti-ship missiles and extended range air-to-surface missiles. Other candidates include Harpoon anti-ship missile made by Boeing (BA.N) and Javelin anti-tank weapons made by Lockheed and RTX (RTX.N).

Persons: U.S . Navy Arleigh, Burke, Curtis Wilbur, Read, Mike Gallagher, Kathleen Hicks, Tom Karako, Karako, Iain Overton, Bob Kavetsky, Lockheed Martin, Mike Stone, Chris Sanders Organizations: U.S . Navy, Pacific Vanguard, U.S . Naval, Pentagon, Reuters, Democrat, Republican, Navy, Energetics Technology Center, Northrop Grumman Corp, CL, L3Harris Technologies, Department of Defense, Army, Air Force, energetics, Center for Strategic, International Studies, Lockheed, Boeing, Thomson Locations: Australia, Japan, Republic of Korea, U.S, Philippine, WASHINGTON, Pacific, China, California, United States, Washington

☆ A.I. is changing national security systems. Here's what's ahead for defense stocks
▼ + stars: | 2023-07-30 | by ( Hakyung Kim | ) www.cnbc.com time to read: +7 min

Vladimir Putin said in 2017 that whoever becomes the leader in artificial intelligence "will be the ruler of the world." The department examined AI technology in defense through two pathways: The first was "autonomy at rest," which describes decision-making support software. Critically, artificial intelligence in defense will help automate more dangerous tasks while also reducing the risk of human casualties. "As of now, there is not the development of artificial intelligence technology in regards to making life-or-death choices. Boeing announced earlier in 2023 that it would partner with defense technology company Shield AI to expand AI pilot offerings for its military clients.

Persons: Vladimir Putin, Bob Work, Jonathan Sakraida, Lockheed Martin, Sakraida, Northrop, Booz Allen Hamilton Organizations: Pentagon, Deutsche Bank, Department of Defense, Center, New, New American Security, U.S, Defense, CFRA Research, U.S . Army, Lockheed, Dynamics, Department of, Carnegie Endowment, International, IBM, Palantir Technologies, Cisco, BAE Systems, Research Projects Agency, Northrop Grumman, Booz, Boeing, Air Force Locations: New American, There's, China, U.S, United Kingdom

The Vulcan rocket for the Cert-1 mission stands at SLC-41 during testing in Cape Canaveral, Florida, May 12, 2023. United Launch Alliance still plans to fly its heavy-lift Vulcan rocket by late 2023 — despite suffering a mishap earlier this year after an engine exploded during testing. CNBC previously reported that one of Blue Origin's BE-4 engines, ordered for ULA's second Vulcan rocket launch, detonated last month. United Launch Alliance, the joint venture of Lockheed Martin and Boeing , is one of two key launch partners for the satellite project, in addition to Jeff Bezos-backed Blue Origin. Once United Launch Alliance successfully conducts its first two Vulcan missions, the U.S. Space Force will consider clearing the heavy rocket for national security launches.

Persons: —, Origin's, ULA, Tory Bruno, Bruno, Lockheed Martin, Jeff Bezos, Morgan Brennan, Vulcan Organizations: Cert, SLC, United Launch Alliance, CNBC, Vulcan, Kennedy Space Center, Lockheed, Boeing, U.S . Space Force, SpaceX, National Reconnaissance Organization, Space Force Locations: Cape Canaveral , Florida, U.S, ULA, China

☆ Investing in Space: What to watch for in Q2 earnings reports
▼ + stars: | 2023-07-27 | by ( Michael Sheetz | In Michaeljsheetz | ) 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. As Wall Street works its way through second-quarter earnings reports, investors are getting a closer look at first-half performance from the space sector — and setting expectations for the second half of the year. Wall Street continues to be jazzed about the opportunity in the direct-to-device satellite market, but Iridium cautioned that it will take time for the nascent vertical to mature. Most of the other space stocks will report results over the first two weeks of August (aside from Planet , which follows a fiscal year calendar, and Mynaric , Satellogic , Intuitive Machines and Sidus Space ). As a guide for the upcoming Q2 space results, I'm roughly separating companies into two groups: No surprises wanted, and good surprises needed.

Persons: CNBC's Michael Sheetz, Lockheed Martin, Northrop Grumman Organizations: Boeing, Northrop, Iridium, Barclays, Fed

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