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Seoul, South Korea CNN —South Korea is beginning the mass production of a low-cost laser weapon that has successfully shot down small drones during testing, the country’s key arms agency said Thursday. The release did not give a cost for the weapon, but said each shot fired would only cost about $1.50. In Ukraine, the Middle East and elsewhere, small drones - some available off the shelf - have shown the ability to disable or destroy multimillion-dollar pieces of military hardware, including tanks. The agency said South Korea is the first country to publicly acknowledge it will deploy a mass-produced laser weapon. In 2022, the US Navy successfully tested a high-energy laser system against a target representing a cruise missile.
Persons: DAPA, ” James Black, Organizations: South Korea CNN, Korea’s, Administration, RAND, Korea Institute for Defense, Hanwha Aerospace, US Navy Locations: Seoul, South Korea, Ukraine, RAND Europe, Britain
It's been an eventful few months for the XQ-67A and the Air Force's efforts to create a fleet of low-cost, high-tech autonomy-capable aircraft that can network with and support manned fighters in the air. Air Force Research Laboratory/DVIDsThe new angles highlighted in the short video underscore the unique design of this prospective fighter jet teammate. The Air Force plans to fast-track production of the first 100 collaborative combat aircraft, delivering them to the fleet by 2029. AdvertisementThe Air Force hopes CCA won't just augment or modernize air warfare — but transform it entirely. Air Force Research Laboratory/DVIDsCCA, the paper's authors write, could help disrupt China's preferred way of fighting and deny the country an assured victory, if employed correctly to multiply capabilities.
Persons: Atomics Gray, It's, Atomics, Mike Atwood, Kratos, Frank Kendall, China's Organizations: Service, US Air Force, Atomics Aeronautical Systems, Air, Air Force, ASI, USAF, Air Force Research, and Space Forces Magazine, Cessna, CCA, Atomics, Marine Corps, Collaborative, Attritable Aircraft Technologies, The Air Force, Force, Mitchell Institute for Aerospace Studies Locations: Atomics Gray Butte, Palmdale , CA, OBSS, China
Carlyle, the global private equity firm, has $425 billion in investor money powering companies that make aerospace equipment, wind turbines and airport terminals. Three years ago, in May 2021, Carlyle invested roughly $600 million in a skin care company called Beautycounter. Jay Sammons, who ran Carlyle’s consumer products business, had already helped OGX hair care products generate high returns for Carlyle. Ms. Renfrew had built the decade-old company around a mission: making cosmetic products without a host of commonly used chemicals. The products were distributed through independent sellers in a multilevel marketing model that has been used for vitamin supplements, cosmetics and Tupperware.
Persons: Carlyle, Jay Sammons, Gregg Renfrew, Renfrew, Beautycounter, Mary Kay
The Vietor family even unknowingly housed Viktor Belenko, a former Soviet Union fighter pilot. He spent a couple years in Washington, DC, and eventually ended up at Rocking Chair Ranch, though with an undercover identity assigned by the CIA, Mansion Global reported. The CIA agent who escorted him from Japan to the US knew the Vietor family. Hall and HallVietor told Mansion Global Belenko was put to work on the ranch and first lived in a guest bedroom of the main house. Vietor told Mansion Global Belenko left the ranch in 1983 but that he stayed in touch with their family.
Persons: , Viktor Belenko, Belenko, Willy Vietor, Victor, Viktor Schmidt, Hall Vietor, Vietor, Hall Belenko Organizations: Service, Soviet Union, Business, Soviet, West, Soviet Union's Air Defense Forces, New York Times, Soviet Union . Buildings, CIA, Mansion, Missoula ., Hall, US, Global, Times Locations: Montana, Philipsburg , Montana, Soviet, Hokkaido, Japan, United States, Soviet Union, Russia, Washington ,, Missoula, East Coast, Illinois, Rock
Washington-based startup Gravitics has signed a $125 million contract to expand Axiom Space's planned space station, the latest deal in the burgeoning private market for orbiting habitats. Axiom is one of several companies building private space stations as NASA plans for the International Space Station to end its time in orbit. Already, Axiom has modules of its space station being built by Italian aerospace contractor Thales Alenia. The space station modules Gravitics is designing range from 3 meters (9 feet) to 8 meters (26 feet) in diameter. Axiom was the first to win a NASA contract for building space station modules, and Gravitics would connect its spacecraft later this decade.
Persons: Colin Doughan, Gravitics, Glenn, Doughan Organizations: CNBC, NASA, International, Thales Alenia Locations: Washington, Seattle
Europe’s Ariane 6 rocket succeeds in debut flight
  + stars: | 2024-07-09 | by ( Jackie Wattles | ) edition.cnn.com   time to read: +4 min
CNN —The European Space Agency’s member countries have endured a space access predicament as they have waited to have a functioning rocket in their toolbox. Europe’s Vega-C rocket, designed for vaulting small satellites to orbit, has also been grounded since a December 2022 failure. Spectators watch the takeoff of the Ariane 6 rocket from its launchpad at the Guiana Space Center on Tuesday. The Ariane 6 rocket is seen prior to its maiden launch at the Guiana Space Center on Tuesday. Jody Amiet/AFP/Getty ImagesOn Tuesday, the rocket took off on its inaugural test flight hauling small satellites, experiments and technology demonstrations.
Persons: Safran, Europe’s Vega, Jody Amiet, Josef Aschbacher, , ” Aschbacher, it’s Organizations: CNN, Guiana Space Center, ESA, SpaceX, Arianespace, Airbus, Getty, European Organisation Locations: Kourou, French Guiana, South, France, ArianeGroup, AFP, Elon Musk’s California, Europe, Nemo
Chief investment strategist John Stoltzfus raised his year-end S & P 500 target to 5,900 from 5,500. This change could benefit the 11 S & P 500 sectors as this "innovation cycle" shows signs of being both "cyclical and secular coupled with cross generational demographic needs." .SPX YTD mountain S & P 500, YTD The lion's share of this year's gains — the S & P 500 is up more than 16% in that time — has been driven by AI. The strategist's initial 2024 target was 5,200. The highest current S & P 500 target belongs to Evercore ISI at 6,000.
Persons: Oppenheimer, John Stoltzfus, It's, Stoltzfus, Organizations: CNBC, Market, Nvidia, Reserve Locations: Friday's
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. However, recent profit-taking and valuation concerns led to a pullback and a rare downgrade from a Wall Street analyst. Get the CNBC Daily Open report in your inbox every morning and keep up to date with the markets wherever you are. Kolanovic wasn't the only Wall Street strategist to be caught out by the bull run — but rival banks have incrementally increased their calls.
Persons: Skydance, David Ellison, Marko Kolanovic, Kolanovic, Lori Calvasina, Calvasina, Tesla, Tom Narayan, Squawk, Narayan, Tom Sosnoff, Bill Ackman, Warren Buffett, Sosnoff, — CNBC's Pia Singh, Alex Harring, Holly Ellyatt, Ruxandra Iordache, Ryan Browne, Samantha Subin, Lim Hui Jie, Leslie Josephs Organizations: New York Stock Exchange, CNBC, Nvidia Nvidia, Wall, Paramount, Skydance Media, Paramount Global, Hollywood, Boeing, Justice Department, JPMorgan, RBC Capital Markets, RBC Locations: Hollywood
Russia is planning to use barrage balloons to counter Ukrainian drone strikes. The balloons will rise up to 300 meters and drop a 250-meter net to stop drones from getting through. The tactic was inspired by barrage balloons used in the First and Second World Wars. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementRussia is developing a network of barrage balloons to repel Ukrainian drone strikes, inspired by a tactic used in World War I and II.
Persons: , Polina Albek Organizations: Service, First Airship, RIA Novosti, Business Locations: Russia, Ukrainian, St . Petersburg, Russian
BTIG shared its newest additions to its list of top stock picks heading into the second half of 2024. With this backdrop in mind, BTIG shared its list of top stock picks going into the second half of the year. However, analyst Janine Stichter's $425 price target implies that shares could rise about 42% from Friday's close. Her price target of $156 is approximately 37% higher than the stock's Friday closing price of $113.69. Other existing names on BTIG's list of top stock picks include Steve Madden , Block and Domino's Pizza .
Persons: BTIG, Jonathan Krinsky, Russell, Krinsky, Janine Stichter's, LULU, Northrop Grumman, Andre, Madrid, Marie Thibault, Thibault, Okta, Gray Powell, Steve Madden Organizations: Aerospace, Northrop, of Locations: Friday's
AdvertisementBy invoking doomsday weapons, it was clear Katz was alluding to Israel's nuclear weapons arsenal — an arsenal over which neither he nor IAI have any command-and-control. There are eight countries in the world with declared nuclear arsenals, four of which — the United States, China, India, and Russia — have a complete nuclear triad. Israel's triad has some notable distinctions and limitations compared to those of the other four. "Israel's nuclear triad bears the hallmarks of a regional nuclear triad as seen in India and Pakistan, rather than seeking globe-spanning strike capability," Sebastien Roblin, a widely published military-aviation journalist, told Business Insider. "Israel's nuclear deterrent is not designed to ward off great powers like Russia or China, but rather regional powers like Egypt and Iran," Bohl told BI.
Persons: , Yair Katz, Israel, Katz, Russia —, Sebastien Roblin, Roblin, Ryan Bohl, RANE, Bohl, Nir Ben, Yosef Organizations: Service, Business, Israel Aerospace Industries Workers ' Council, Iran's United Nations, IAI, Jericho, Israel Aerospace Industries, Dolphin, East, Facebook, Air Force's, Israel, US Air Force, IAF, nukes Locations: Israel, Lebanon, Iran, Yemen, Syria, Iraq, United States, China, India, Russia, Pakistan, North Africa, Egypt, Jericho
Read previewNASA has confirmed that a hunk of space junk as big as a car hood found in North Carolina belonged to a SpaceX Dragon Capsule, according to an agency statement shared on X. AdvertisementDebris from the Dragon Capsule landed in the middle of a train at the Glamping Collective, a mountaintop resort in North Carolina. Photos by Brett Tingley, courtesy of the Glamping CollectiveA similar chunk of Dragon trunk was found in Franklin, North Carolina in June. It's when space debris free-falls toward Earth with no one controlling its course. Even though this space debris is relatively small compared to, say, car-sized satellites, it's not harmless.
Persons: , Justin Clontz, Space.com, Brett Tingley, It's, landers, Moriba Jah, Jah, Jonathan McDowell, McDowell, it's Organizations: Service, NASA, SpaceX, International Space, Business, International Space Station, United Nations Office, Outer Space Affairs, Aerospace Engineering, Engineering Mechanics, The University of Texas, Harvard, Smithsonian Center for Astrophysics, Aerospace Corporation, Federal Government Locations: North Carolina, Asheville, Franklin , North Carolina, Saskatchewan, Canada, Florida, Austin, Asheville , North Carolina
CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. The first orbital rockets, satellites, and even the Apollo architecture were born of the military and its aerospace contractors. Historically, the biggest defense contractors have long been the winners of the largest space contracts – and that's still true today. The top pure-play space companies get a significant, if not majority, amount of revenue from military work under contracts from the U.S. and its allies. And the importance of military contracts is also going further upstream, as venture capital looks more explicitly toward startups that are winning and delivering on early military deals.
Persons: CNBC's Michael Sheetz, I'm, Peter Beck, Beck Organizations: Pentagon, U.S . Space Force, NASA, SpaceX, Space Force, NRO Locations: U.S, Ukraine, China, Taiwan
In a year when the S & P 500 is touting a 15.5% advance, small-cap stocks look underwhelming – but investors shouldn't shy away from them, said Julie Biel, chief market strategist at Kayne Anderson Rudnick. "I don't think you want to avoid them — they're part of a balanced diet," said Biel, who is also a portfolio manager at the firm. The benchmark small-cap index Russell 2000 is up roughly 1% year to date, whereas the S & P 500 has rallied almost 16%, largely thanks to the strength of Nvidia and other megacap tech stocks. The S & P 400 mid-cap index has also fallen short of its large-cap counterpart, up a modest 5% in 2024. Biel herself manages a small- and mid-cap growth portfolio and takes a long-term investment approach.
Persons: Julie Biel, Kayne Anderson, Biel, Russell, Ryan Organizations: Nvidia, Russell, Isaac, Ryan Specialty, IFS, West Pharmaceutical Services Locations: Biel
Read previewA Chinese space firm said on Sunday that it accidentally launched its Tianlong-3 rocket during a test, causing the vehicle to lift off and crash into a nearby mountainside. The Chinese Tianlong-3 Rocket Accidentally Launched During A Engine Test pic.twitter.com/EK54F4chYF — 𝕏 Ali Al Samahi 𝕏 (@alsamahi) June 30, 2024"The rocket body disintegrated after falling into the mountain," Tianbing's statement said. Related storiesDesigned to deliver satellites to orbit, it's a liquid-propellant rocket described by Tianbing as "comparable to Space X's Falcon 9." Tianbing, one of several Chinese private space rocket companies to gain prominence in recent years, in April 2023 launched another reusable rocket — the Tianlong-2 — fueled by coal-based kerosene. With nine engines, the Tianlong-3 is now being touted by Tianbing as a revolutionary rocket for China's space industry.
Persons: Organizations: Service, Tianbing Aerospace Technology, Business Locations: Beijing, Gongyi, Henan
Boeing said Monday that it will buy back its struggling fuselage maker Spirit AeroSystems in an all-stock deal that the planemaker has said will improve safety and quality control. It said it agreed to pay $37.25 a share in Boeing stock for Spirit, giving the aerospace company an equity value of $4.7 billion. Including Spirit's debt the deal has a transaction value of $8.3 billion Boeing said. Spirit's shares closed Friday at $32.87 a share, giving it a market capitalization of about $3.8 billion. In 2005, Boeing spun off operations in Kansas and Oklahoma that became the present-day Spirit AeroSystems.
Persons: Dave Calhoun, Pat Shanahan Organizations: Boeing, Alaska Airlines, Spirit, Airbus, Calhoun Locations: Wichita , Kansas, Kansas, Oklahoma, Belfast , Northern Ireland, North Carolina
Read previewThe Russian Aerospace Forces are using a new munition in Ukraine that might change the situation on the ground. In June, Russian aircraft deployed for the first time the FAB-3000 M-54 glide bomb. Ukrainian outlets reported the use of the glide bomb against Ukrainian troop concentration points in Kharkiv Oblast in eastern Ukraine. Relying on a combination of stand-off and glide munitions, Russian aircraft have been targeting Ukrainian critical infrastructure and urban centers. But beyond causing some additional casualties to the Ukrainian forces, Russian tactical aviation hasn't made a difference.
Persons: , Stu, Avi, lar, hav, tim e s and Organizations: Service, Russian Aerospace Forces, Russian, Business, FAB, for, Ukrainian Air Force Locations: Ukraine, Kharkiv Oblast, Russian, 🇷🇺🇺🇦
Boeing is buying back Spirit Aero, a manufacturer of parts for its 737 and 787 planes, per Reuters. The $4.7 billion all-stock deal is set to be officially announced Monday, the outlet reported. The deal brings Spirit Aero back into Boeing's fold and should improve the production of its aircraft. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementBoeing is set to buy back Spirit AeroSystems, a manufacturer of parts for its 737 and 787 planes, in a $4.7 all-stock deal, according to a Sunday report from Reuters.
Persons: Organizations: Boeing, Reuters, Spirit, Service, Business
Rare purple pigment found in Bronze Age pottery
  + stars: | 2024-06-29 | by ( Ashley Strickland | ) edition.cnn.com   time to read: +6 min
CPA Media Pte Ltd/Alamy Stock PhotoAncient Greeks and the Romans considered Tyrian purple, first developed in the Bronze Age, an elite, royal color. But the recipe for the long-lasting pigment, made using Mediterranean sea snails, disappeared with the fall of the Byzantine Empire. Now, researchers have found the precious pigment within pottery fragments containing 3,600-year-old purple dye from a Bronze Age workshop in Kolonna on the Greek island of Aegina. Life for a vulnerable child in the Stone Age would have been difficult because Neanderthals moved from place to place. Meanwhile, the agency has selected SpaceX to design a vehicle that will drag the space station out of orbit at the end of the decade when it ceases operations and plummets into the ocean.
Persons: Jesus Christ, Down, paleoanthropologist Mercedes Conde, Valverde, ” Conde, Trent Sugg, Tracy Dyson, NASA’s OSIRIS, REx, China’s, NASA’s, Mars, Emin Yogurtcuoglu, , — Wood, Ashley Strickland, Katie Hunt Organizations: CNN, CPA Media, University of Alcalá, NASA, Collins Aerospace, Boeing, SpaceX, Anadolu Agency, Getty, CNN Space, Science Locations: Byzantine Empire, Kolonna, Aegina, Spain, , Iceland, Rainier, Washington, Kyrenia
While it might look like the stuff of nightmares, this tiny robot covered in living skin could mark a step forward in the quest to make robots more human-like. It’s the work of researchers in Japan, who say they have discovered a new way to bind living skin tissue to a mechanical robotic surface. Previously, he developed a “living” robot skin — using collagen, a fibrous protein in human skin, and human dermal fibroblasts, the main cell type in connective tissue — that could be applied to a robotic finger and bend without breaking. The new method uses V-shaped holes on the robot's surface to attach the living skin securely. However, ensuring the consistency and quality of the living skin might not be so easy, says Takeuchi.
Persons: Shoji Takeuchi, , Takeuchi, Takeuchi isn’t, Will Jackson, ” Jackson, Hanson Robotics ’ Sophia, Grace, Yifan Wang, Wang, ” Takeuchi, Wang — Organizations: CNN, Institute of Industrial Science, University of Tokyo, Engineered Arts Ltd, Hanson Robotics ’, Nanyang Technological University, Singapore, The University of Tokyo Locations: Japan
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Jim Cramer described the PCE report as "very good," representing an encouraging sign that the central bank's fight against inflation has been working. 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 . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, Jim, Donald Trump's, Friday's, there's, Raymond James, Eaton, Jim Cramer's, DOV, ETN Organizations: CNBC, Federal Reserve, Nasdaq, Dow, Apple, Vision, Nvidia Locations: China, Hong Kong, Japan, U.S, Dover
Setbacks in orbitSeveral more helium leaks were identified while the craft was en route to the International Space Station along with the thruster issues. That’s why Boeing and NASA teams then chose to leave the Starliner spacecraft safely docked with the space station while they worked to learn as much as possible about those issues. The first Starliner test mission took place without a crew in December 2019. That’s at the core of the mysteries Boeing and NASA are seeking to unravel during the Starliner spacecraft’s extended mission. Extended stays in spaceIt’s not uncommon for astronauts to unexpectedly extend their stay aboard the space station — for days, weeks or even months.
Persons: CNN —, , Suni Williams, Butch Wilmore, Steve Stich, , ” Stich, what’s, ” “ We’re, Stich, Mark Nappi, Nappi, whittle, ” Nappi, , ’ —, Williams, “ We’ve, , That’s, Frank Rubio Organizations: CNN, International Space Station, Boeing, NASA, Space, Atlas, International Space, SpaceX, Cargo, Space Station, Astronauts Locations: New Mexico, Russian
CNN —An early analysis of a sample collected from the asteroid Bennu suggests that the space rock had an unexpectedly water-rich past — and it may have even splintered off from an ancient ocean world. But the compound from the Bennu sample is purer and has larger grains. Rocks and dust were collected from asteroid Bennu and returned to Earth by the OSIRIS-REx mission. Erika Blumenfeld/Joseph Aebersold/NASA“The sample we returned is the largest reservoir of unaltered asteroid material on Earth right now,” Lauretta said. “Each week, analysis by the OSIRIS-REx Sample Analysis Team provides new and sometimes surprising findings that are helping place important constraints on the origin and evolution of Earth-like planets.”
Persons: REx, , Jason Dworkin, OSIRIS, Connolly, Dante Lauretta, , Erika Blumenfeld, Joseph Aebersold, ” Lauretta, Nick Timms, Harold Connolly Jr Organizations: CNN, NASA, Planetary, Goddard Space Flight, Japan Aerospace, Earth, University of Arizona, Bennu, Curtin University’s School of, Planetary Sciences, Rowan University’s School of Earth Locations: Greenbelt , Maryland, Tucson, Glassboro , New Jersey
CNN —The iconic puffy white suits that astronauts have donned for decades as they step outside the International Space Station are rapidly aging — but NASA is now without concrete plans to replace them. Astronauts currently wear spacesuits — called Extravehicular Activity, or EVA, suits — designed more than 40 years ago when conducting spacewalks. Collins Aerospace’s Next-Gen spacesuit, intended for use at the International Space Station, is seen during the design process. NASA plans to retire the space station sometime within the next several years. But Roscosmos, the Russian space agency, has only guaranteed its participation through “at least 2028.”
Persons: , Collins, Trent Sugg, Tracy Dyson, It’s, Jared Isaacman, Elon, Organizations: CNN, NASA, Collins Aerospace, RTX Corporation, Raytheon Technologies, SpaceX, International, Polaris, Space Locations: Houston, Russian
It would latch onto the International Space Station — a nearly 1 million-pound structure roughly the size of a football field — and guide the craft as it plunges out of Earth’s orbit. The federal agency operates the International Space Station alongside Roscosmos, the Russian space agency, which controls a key wing of the station and propulsion modules. The Japan Aerospace Exploration Agency, or JAXA, the European Space Agency and the Canadian Space Agency also play roles in its operations. But the space agency stipulated that it would only require that the vehicle be ready by 2029. In the news release, NASA noted that it is committed to continuing space station operations through 2030.
Persons: Roscosmos, ” Ken Bowersox, Tracy Dyson, , Organizations: CNN, NASA, SpaceX, Space, Japan Aerospace Exploration Agency, JAXA, European Space Agency, Canadian Space Agency, International, ” NASA, Deorbit, Collins Aerospace Locations: Roscosmos, Russian, North Carolina
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