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☆ NASA Seeks a Nuclear-Powered Rocket to Get to Mars in Half the Time
▼ + stars: | 2023-07-26 | by ( Kenneth Chang | More About Kenneth Chang | ) www.nytimes.com time to read: +3 min

A Number That Sums It Up: 3 to 4 months to MarsWhat if a spacecraft could get to Mars in half the time it currently takes? Every 26 months or so, Mars and Earth are close enough for a shorter journey between the worlds. “The technical capabilities, including early safety protocols, remain viable today,” Tabitha Dodson, the DRACO project manager, said in a news briefing on Wednesday. A key difference between NERVA and DRACO is that NERVA used weapons-grade uranium for its reactors, while DRACO will use a less-enriched form of uranium. The demonstration spacecraft would most likely orbit at an altitude between 435 and 1,240 miles, Dr. Dodson said.

Persons: Agency —, NERVA, ” Tabitha Dodson, DRACO, ” Dr, Dodson, Kirk Shireman, Lockheed Martin Organizations: DARPA, Orion, NASA, Air Force, Research, Agency, Rover, Lockheed

☆ Lockheed gets US defense contract to develop nuclear-powered spacecraft
▼ + stars: | 2023-07-26 | by ( ) www.reuters.com time to read: +1 min

July 26 (Reuters) - Weapons maker Lockheed Martin (LMT.N) has been awarded a contract by a U.S. Department of Defense agency to develop a nuclear-powered spacecraft for the purposes of exploration and national defense, the company said on Wednesday. Lockheed Martin said the project is an advancement in propulsion technology – from chemical propulsion engines to nuclear thermal propulsion (NTP) engines. "These more powerful and efficient nuclear thermal propulsion systems can provide faster transit times between destinations. The Defense Advanced Research Projects Agency (DARPA) awarded the contract to Lockheed under a project called Demonstration Rocket for Agile Cislunar Operations (DRACO). The in-space flight demonstration of a nuclear thermal rocket engine vehicle will take place no later than 2027, Lockheed said.

Persons: Lockheed Martin, Jeff Bezos, Kirk Shireman, Kannaki, Shailesh Organizations: Lockheed, U.S . Department of Defense, Origin, Elon, SpaceX, Lunar, Lockheed Martin Space, Research Projects Agency, DARPA, Agile Cislunar, Thomson Locations: Bengaluru

☆ After Ukraine's success with US-made HIMARS, European militaries are looking for their own rocket artillery
▼ + stars: | 2023-07-22 | by ( Michael Peck | ) www.businessinsider.com time to read: +5 min

Other European countries are pursuing their own rocket artillery, buying HIMARS or building new systems. Sovfoto/Universal Images Group via Getty ImagesMultiple launch rocket systems have been around since World War II, when the legendary Soviet Katyusha battered Nazi forces. But Russia adapted and moved its command and supply centers out of HIMARS range, though at the price of compromising some efficiency. Rocket artillery can't replace howitzers, which offer some advantages, such as the ability to fire barrages continuously for hours. Still, rocket artillery is certain to join howitzers as the backbone of Western artillery.

Persons: Lockheed Martin, HIMARS, PATRIK STOLLARZ, Biden, ATACMS, salvoes, Jakub Porzycki Organizations: Russia, Service, Rheinmetall, Defense News, Lockheed, Getty, US State Department, Army Tactical Missile Systems, Ukraine, Storm, Nazi, Anadolu Agency, Russian, GPS Locations: Wall, Silicon, Ukraine, Germany, Munster, AFP, Poland, France, Soviet, Warsaw, Russia

☆ More countries using advanced F-35 fighter jets could free up F-16s for Ukraine, former Lockheed Martin exec says
▼ + stars: | 2023-07-21 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +3 min

More militaries are turning to F-35s for their air forces, a former Lockheed Martin exec said. Tom Burbage told Newsweek that the adoption of F-35s frees up F-16s for air forces like Ukraine's. It says the aircraft would boost its air force, which is currently made up of Soviet-era jets. Experts say that Ukraine receiving advanced jets could help to deter Russia's air force, which hasn't played a notable role in the invasion due to Ukraine's advanced air defense systems. Retired Air Marshal Greg Bagwell, a former senior commander in the UK's air force, told Newsweek that F-16s are "slowly becoming 'surplus' because of the F-35 orders."

Persons: Lockheed Martin, Tom Burbage, Lockheed Martin's, Ukraine's, Burbage, hasn't, Greg Bagwell, John Kirby, Kirby Organizations: Lockheed, Newsweek, Service, Privacy, Air, US National Security, Fox News, Ukraine Locations: Ukraine's, Ukraine, Wall, Silicon, Finland, NATO

☆ Investing in Space: How corporate VC is a double-edged sword
▼ + stars: | 2023-07-20 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +3 min

CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. Airbus Ventures is one of the most prolific investors in the space sector. Airbus Ventures maintains an "air gap" between itself and its eponymous corporation, according to Lewis Pinault, space-focused partner at the firm. While the latest data indicates the sector is stabilizing in terms of investment, Pinault noted that there is still "pressure on valuations." According to PitchBook, as many as 100 space companies have taken investment from CVCs, including from the venture arms of Lockheed Martin , Toyota , Raytheon , Honeywell and Boeing .

Persons: CNBC's Michael Sheetz, it's, Lewis Pinault, Pinault, It's, newness, PitchBook, Lockheed Martin, we've Organizations: Airbus Ventures, Airbus, Lockheed, Toyota, Raytheon, Honeywell, Boeing Locations: Silicon Valley, CVCs

☆ Things are looking good for Lockheed Martin regardless of US election outcome, says strategist
▼ + stars: | 2023-07-19 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThings are looking good for Lockheed Martin regardless of US election outcome, says strategistJim Worden of The Wealth Consulting Group discusses why he remains optimistic on defense stocks over the next 2 to 4 years

Persons: Lockheed Martin, Jim Worden Organizations: Lockheed, The Wealth Consulting

☆ Lockheed Martin Projects Higher Sales as War Boosts Orders
▼ + stars: | 2023-07-18 | by ( Doug Cameron | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/lockheed-martin-lmt-q2-earnings-report-2023-370bf62e

Persons: Dow Jones Organizations: lockheed

Bank of America (BAC.N) rose marginally in premarket trading after the lender posted a 20% surge in second-quarter profit, while Morgan Stanley's (MS.N) shares pared early gains after the bank's profit slipped 18%, hurt by a deal-making drought. The S&P 500 banks index (.SPXBK) has fallen 5.2% so far this year, underperforming the S&P 500 index (.SPX) which has notched a 17.8% gain after the biggest banking crisis since 2008 earlier this year took down three lenders and pummeled the sector. Overall earnings across industries are expected to decline 8.1% for the quarter, according to Refinitiv data. ET, Dow e-minis were down 18 points, or 0.05%, S&P 500 e-minis were down 3.75 points, or 0.08%, and Nasdaq 100 e-minis were down 26.25 points, or 0.17%. Pinterest (PINS.N) gained 3.3% as Evercore ISI upgraded its rating on the stock to "outperform" and Marvell Technology (MRVL.O) climbed 1.1% after Bank of America added the chipmaker to its U.S. No.1 list.

Persons: Morgan Stanley, Morgan Stanley's, Sam Stovall, Wells, Lockheed Martin, Bansari Mayur Kamdar, Johann M, Nivedita Bhattacharjee Organizations: Bank of America, Dow, Nasdaq, CFRA Research, JPMorgan Chase, Bank of New York Mellon, PNC Financial Services, Lockheed, Dow e, Federal Reserve, ISI, Marvell Technology, U.S, Thomson Locations: New York, Bengaluru

July 18 (Reuters) - U.S. weapons maker Lockheed Martin (LMT.N) on Tuesday raised its annual profit and sales outlook on strong demand for military equipment stoked by ongoing geopolitical uncertainties. The advanced jet is Lockheed's largest program, after having generated 27% of total consolidated net sales and 66% of aeronautics' net sales in 2022. Quarterly sales at Lockheed's aeronautics unit, its largest, rose 17.3% from a year earlier to $6.88 billion. It expects full-year net sales to be between $66.25 billion and $66.75 billion, up from its earlier forecast of $65 billion to $66 billion. Quarterly net sales rose 8.1% to $16.69 billion.

Persons: Lockheed Martin, Russia's, Lockheed's, Pratyush Thakur, Mike Stone, Krishna Chandra Organizations: Lockheed, Defense, Thomson Locations: U.S, Ukraine, China, Israel, United States, Bethesda , Maryland, Bengaluru, Washington

☆ European stocks open mixed with slew of earnings ahead; Ocado up 7.5%
▼ + stars: | 2023-07-18 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

Telecom stocks fell 0.95%, while health-care and financial services both nudged around 0.2% higher. British grocery delivery firm Ocado was among the top gainers, up 7.5% as it reported a swing to underlying profit in first-half results, though a wider group loss before tax. Regarding recent speculation of takeover interest from Amazon, Reuters quoted CEO Tim Steiner as saying: "Speculation is speculation, I have nothing to say." Swiss health-care firm Novartis raised its full-year earnings guidance as it reported sharply higher operating income. China missed gross domestic product estimates Monday, weighing on global stocks, while European luxury declined after Richemont reported a slowdown in U.S. demand.

Persons: Ocado, Tim Steiner, Morgan Stanley, Lockheed Martin, J.B, Richemont Organizations: Telecom, Reuters, Novartis, Sandoz, Bank of America, Bank of New York Mellon, PNC Financial, Lockheed, Federal Reserve, Bank of England Locations: Amazon, Swiss, Bank, Hunt ., China, Asia, Pacific

☆ Morning Bid: Retail, housing and banks test jaunty July
▼ + stars: | 2023-07-18 | by ( ) www.reuters.com time to read: +3 min

A look at the day ahead in U.S. and global markets from Mike DolanThe benign July investment environment gets tested on Tuesday by updates on U.S. retail sales and housing while the corporate earnings season kicks back into gear with another sweep of bank reports. Consensus forecasts are for a modest rise in retail sales and industrial output last month, while the NAHB homebuilder index is expected to have ticked higher in July to underline the recent housing market recovery more broadly. U.S. stock futures were flat going into the open and 10-year Treasury yields ticked down to their lowest level of the month so far. Crude oil prices tried to find their footing after Monday's sharp drop and continue to sustain year-on-year losses of more than 25%. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Mike Dolan, Wall, HSI, Evergrande, Goldman Sachs, Janet Yellen, Morgan Stanley, Lockheed Martin, Charles Schwab, JB Hunt, Michael Barr, Christina Fincher Organizations: New York Federal, Bank of America, Bank of New, Mellon, Novartis, Sandoz, Bank of New York Mellon, Lockheed, PNC Financial, Synchrony, JB, Federal, Reuters Graphics Reuters, Reuters, Thomson Locations: U.S, Hong Kong, Treasuries, Canada

☆ Lockheed Martin beats earnings estimates as it raises full-year forecast
▼ + stars: | 2023-07-18 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLockheed Martin beats earnings estimates as it raises full-year forecastCNBC's Morgan Brennan reports on the weapon maker's quarterly earnings results.

Persons: Lockheed Martin, CNBC's Morgan Brennan Organizations: Lockheed

The US began ramping up ammunition production last year when it became clear that the war would drag on far longer than anticipated. But the ammunition will still take “years” to mass produce to acceptable levels, National Security adviser Jake Sullivan told CNN Sunday. Ukrainian troops now typically fire between 2,000 and 3,000 artillery shells per day at Russian forces, a US defense official told CNN. It was necessary, though, because of how low US stockpiles are, Sullivan told CNN Sunday. “All of us have had to struggle stimulating our supply chains, some of which went to sleep,” he told CNN.

Persons: Ben Wallace, that’s, Jake Sullivan, haven’t, –, Defense Lloyd Austin, John Kirchhofer, Mark Milley, Joe Biden, Sullivan, Biden, “, ”, ” Sullivan, ” Nebraska Republican Sen, Deb Fischer, Lockheed Martin, Fischer, ” Fischer, I’m, ‘, Ellen Lovett, ” Lovett, ” Wallace, ” Said, Volodymyr Zelenskyy, Recep Tayyip Erdogan, Rishi Sunak, Murat Kula, Charles Q, Brown, Jr Organizations: Washington CNN, NATO, CNN, US, National, CNN Sunday, Pentagon, The Defense Department, EyePress, Reuters, Defense, Defense Intelligence Agency’s, Joint Chiefs, Staff, National Press Club, ” Nebraska Republican, Senate’s Armed Services, Lockheed, “, Britain's, Anadolu Agency, Getty, European Union, EU, DoD, US Air Force, Joint Chiefs of Staff, Defense Industrial Base Locations: Europe, Ukraine, Russia, Berlin, Swiss, Germany, Switzerland, Ukrainian, Kreminna, Luhansk, “, United States, Vilnius

☆ The 20 companies and organizations computer science students most want to work for
▼ + stars: | 2023-07-18 | by ( Madison Hoff | ) www.businessinsider.com time to read: +2 min

Universum released its US ranking of the places computer science students are most interested in working for. Samsung, NASA, and Spotify all made the top 20 based on the shares of computer science students. About 41% of computer science students said Google, and about 22% said Amazon, per the survey data collected from September 2022 to March 2023. Some other places that made the top 20 based on the shares of computer science students were NASA, IBM, and Tesla. Below are the top 20 places computer science students most want to work, based on the share of computer science students who named it an ideal employer to work for.

Persons: Universum, Lockheed Martin Organizations: Google, Samsung, NASA, Spotify, Service, Apple, Microsoft, Universum, IBM, Lockheed, Intel Locations: Wall, Silicon, Universum

Shares of Charles Schwab jumped 13.2%, leading gains on the S&P 500 (.SPX), and those of PNC rose 2.6%. The S&P 500 banks index (.SPXBK) has fallen 3.9% so far this year, in the aftermath of a banking crisis that took down three lenders and pummeled the sector, underperforming the S&P 500 index (.SPX) that has notched a 17.8% gain in the same period. ET, the Dow Jones Industrial Average (.DJI) was up 141.63 points, or 0.41%, at 34,726.98, the S&P 500 (.SPX) was up 3.12 points, or 0.07%, at 4,525.91, and the Nasdaq Composite (.IXIC) was down 43.61 points, or 0.31%, at 14,201.34. Eight of the top 11 S&P 500 sectors advanced with industrials (.SPLRCI) leading gains, while technology stocks (.SPLRCT) fell 0.6%. The S&P index recorded 20 new 52-week highs and no new lows, while the Nasdaq recorded 65 new highs and 33 new lows.

Persons: Morgan Stanley, Lockheed Martin, MS.N, Robert Pavlik, Wells, Charles Schwab, Bansari Mayur Kamdar, Johann M, Nivedita Bhattacharjee Organizations: Bank of America, Lockheed, Dow, Nasdaq, Dakota Wealth ., . Federal, JPMorgan Chase, PNC Financial Services, PNC, Dow Jones, industrials, Wall, U.S . Federal Reserve, ISI, NYSE, Thomson Locations: ., Bengaluru

☆ Stocks making the biggest moves midday: Morgan Stanley, Bank of America, Charles Schwab and more
▼ + stars: | 2023-07-18 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Morgan Stanley — Shares of the James Gorman-led bank jumped more than 6% after the firm posted second-quarter earnings and revenue that topped analysts' expectations. Bank of America – Bank of America shares rose nearly 4% after the company reported second-quarter financial results. Bank of New York Mellon — Shares rose more than 4% after Bank of New York Mellon reported second-quarter revenue and profit that beat Wall Street's expectations. PNC Financial — Shares gained 2.6% after PNC Financial reported second-quarter earnings that topped Wall Street's earnings expectations but came in slightly short on revenue. The Swiss pharmaceutical firm reported second-quarter earnings that topped estimates, according to StreetAccount.

Persons: Charles Schwab, Morgan Stanley —, James Gorman, Morgan Stanley's, Refinitiv, PacWest, Bernstein, UnitedHealth, Pinterest, intraday, Masimo preannounced, Stifel, Lockheed Martin, Macheel, Sarah Min, Yun Li, Alex Harring, Michelle Fox Organizations: Bank of America – Bank of America, Regional Banking, Western Alliance, FB Financial, Verizon, AT, Bank of New York Mellon, PNC, PNC Financial, Novartis — U.S, Novartis, Sandoz, Masimo, Lockheed Locations: San Francisco , California, Swiss, FactSet

☆ The 20 companies and organizations engineering students most want to work for
▼ + stars: | 2023-07-18 | by ( Madison Hoff | ) www.businessinsider.com time to read: +2 min

Universum, an employer branding agency, released its ranking of which places engineering students most hope to work for. According to this year's results, 20.6% of engineering students said Lockheed Martin is one of the places they most want to work for. It moved up three spots, after 17.4% of engineering students chose it as an ideal employer for themselves last year. Roughly 5% of engineering students view it as one of their ideal employers. The percentages below are of the share of engineering students who named that employer as an one of their ideal places to work.

Persons: Lockheed Martin, Universum Organizations: SpaceX, Service, Lockheed, Apple, General Motors, Toyota, Department of Defense, Benz Group Locations: Wall, Silicon

☆ 3-Stock Lunch: LMT, CMG & PINS
▼ + stars: | 2023-07-18 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email3-Stock Lunch: LMT, CMG & PINSEva Ados, ERShares COO, joins ‘Power Lunch’ to discuss three stocks: Lockheed Martin, Chipotle and Pinterest.

Persons: Eva Ados, Lockheed Martin, Chipotle Organizations: Lockheed

The Austin-based rocket builder and in-space services company is close to announcing the closure of an oversubscribed capital raise, its CEO Bill Weber told CNBC's Manifest Space. Firefly can currently launch its medium-launch rocket, Alpha, every two months. "Alpha has a demand signature for the next three to four years, which is more than good enough for what we want to do with it," Weber told CNBC. Weber told CNBC the company is also in talks with the intelligence community about classified payloads. The macro environment, which has largely stunned public space companies, will help to decide timing.

Persons: Firefly's, Bill Weber, CNBC's, Weber, Morgan Brennan, Lockheed Martin, Northrop Grumman Organizations: Firefly's Alpha, Vandenberg Space Force Base, Alpha, Firefly Aerospace, CNBC, Spaceflight Inc, Virgin Orbit, U.S . Space Force, Systems, NASA, Lockheed, Antares Locations: Austin, Austin , Texas, North Carolina, Ukraine, Russian

☆ Stock futures inch lower ahead of busy earnings day: Live updates
▼ + stars: | 2023-07-17 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Stock futures were little changed in overnight trading as Wall Street looked ahead to a busy earnings day. Futures tied to the Dow Jones Industrial Average dipped 21 points, or 0.06%, while S&P 500 futures and Nasdaq-100 futures slipped 0.1% and 0.13%, respectively. The action followed a downgrade from Citi on the heels of an investigation by The Wall Street Journal that linked the telecom company to toxic lead cable use. Wall Street awaits a packed earnings day Tuesday, with results on deck from Bank of America , Morgan Stanley , Bank of New York Mellon and PNC Financial . "You wouldn't have those negative leading indicators, and even some of the concurrent indicators, if we were in a sweet spot."

Persons: Stocks, Morgan Stanley, Lockheed Martin, J.B, Hunt, SoFi's Liz Young Organizations: Dow Jones, Nasdaq, Citi, Wall Street, Bank of America, Bank of New York Mellon, PNC Financial, Lockheed Locations: Bank

☆ These are the 3 key things that will impact the stock market in the week ahead
▼ + stars: | 2023-07-15 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

A lot was riding on these important measures of inflation after the scorching-hot ADP jobs report last week. Here are 3 things you need to know for the week ahead: 1. Industrial production and capacity utilization, also out Tuesday, shines a light on manufacturing, which attributes about 12% to U.S. GDP. Six months is generally considered to represent a balance between supply and demand in the housing market. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Stocks, Morgan Stanley, Johnson, Jeff Miller, Lockheed Martin, Charles Schwab, JB Hunt, Goldman, Baker Hughes, Ally, Kinder Morgan, Zions, Philip Morris, Abbott, ABT, Jim Cramer's, Jim Cramer, Jim, Scott Olson Organizations: Nasdaq, Dow Jones Industrial, Housing, CPI, Halliburton, HAL, Johnson, of America Corp, Lockheed, Lockheed Martin Corp, Novartis International AG, PNC Financial Services Group, Inc, PNC, Charles Schwab Corp, Bank of New York Mellon Corporation, BK, Synchrony, Interactive, Goldman Sachs Group, U.S . Bancorp, ASML, Citizens Financial, T Bank Corp, Northern Trust Corporation, Horizon National Corp, Business Machines Corp, IBM, United Airlines, Netflix, Steel Dynamics, Alcoa, Discover Financial Services, Crown, International Corp, Equifax Inc, Las Vegas Sands Corp, Liberty Energy Inc, Philip Morris International Inc, Taiwan Semiconductor Manufacturing Company, American Airlines Group Inc, Travelers Companies, SAP, Nokia Corp, Truist Financial Corporation, Company, McLennan Companies, Infosys Technologies Ltd, Newmont Mining Corp, Fifth Third Bancorp, Pool Corporation, Alfa Laval, Webster Financial Corp, Blackstone, Financial Corp, PPG Industries, CSX Corp, CSX, Berkley Corp, Swift Transportation Holdings Inc, American Express Co, AutoNation Inc, Interpublic, of Companies, Autoliv Inc, Huntington Bancshares, Financial Corporation, Roper Technologies, Comerica, Jim Cramer's Charitable, CNBC, Getty Locations: U.S, Las, ZION, Horton, Freeport, Marsh, ALFVY, W.R, Lemont , Illinois

☆ Investors count on upward market momentum in the week ahead as earnings rain down
▼ + stars: | 2023-07-14 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

Stocks could continue to gain momentum in the week ahead as traders turn their attention to earnings results after the past week's softer inflation news. The major benchmarks are headed for a positive week Friday after encouraging consumer and wholesale inflation in June cemented the likelihood that the Federal Reserve is closer to the end of its rate-hiking campaign. Some market participants expect this period could mark the trough for earnings, and urge traders to pay more attention to forward guidance. "And that's a great sign for the market and market health." ET: NAHB housing market index (July) Earnings: Bank of America , Morgan Stanley , Bank of N.Y. Mellon , Lockheed Martin , PNC Financial , J.B. Hunt Wednesday 8:30 a.m.

Persons: Sage, Rob Williams, Sam Stovall, gee, Stovall, It's, Yung, Yu Ma, MRB, Sage Advisory's Williams, Williams, Morgan Stanley, Wells, Baird's Ross Mayfield, Lockheed Martin, Baker Hughes, Goldman Sachs, Kinder Morgan, Equifax, Johnson Organizations: Federal Reserve, Traders, Reserve, Open, BMO Wealth Management's, MRB Partners, Bank of America, JPMorgan Chase, Investors, Bank, N.Y, Mellon, Lockheed, PNC Financial, J.B, Hunt, Housing, Nasdaq, Citizens Financial, Halliburton, Las Vegas Sands, IBM, Tesla, Netflix, American Airlines, United Airlines, CSX, Comerica, PPG, Roper Technologies, American Locations: Wells Fargo, Silicon Valley, Las Vegas, Horton

And France pledged a shipment of the same missiles, which it calls SCALPs, as NATO leaders gathered in Lithuania on Tuesday. Like the United States, France had previously ruled out providing Ukraine with longer-range missiles, over concerns they could be used to attack targets in Russia, escalating the conflict. The ATACMS are among the last major weapons systems that Kyiv wants and the United States is reluctant to give. France’s announcement on Tuesday could either fuel the pressure campaign or, conversely, ease it now that Ukraine is receiving long-range missiles from other countries. Mr. Reznikov made clear that he would not stop asking for ATACMs or long-range missiles from any ally.

Persons: Biden, Emmanuel Macron, Mr, Macron, Abrams, America’s, Lockheed Martin, ATACMS, what’s, ”, Franklin D, Kramer, Oleksii Reznikov, Reznikov, “, Eric Schmitt, Matthew Mpoke Bigg, Zolan Kanno, Youngs Organizations: NATO, Tactical Missile Systems, Pentagon, Russian, United, Kyiv, Lockheed, Republicans, Taurus Locations: Ukraine, France, Lithuania, United States, Russia, Britain, Crimea, Vilnius, Lithuanian, Germany, Norway, Denmark, Netherlands, Romania, Korean, “, Washington, London

☆ Canada Joins Nearly 20 Nations Calling for Halt to Deep-Sea Mining as Negotiators Meet to Agree Rules
▼ + stars: | 2023-07-11 | by ( Yusuf Khan | ) www.wsj.com time to read: +5 min

This week, delegates of the International Seabed Authority—a United Nations observer organization that regulates deep-sea mining in international waters—are descending on ISA headquarters in Kingston, Jamaica to hash out the regulations around deep-sea mining over the next two weeks. PREVIEWCanada, Ireland and Switzerland have all recently joined calls—by nearly 20 countries—for a moratorium or at least a pause on deep-sea mining. Norway recently opened the door to deep-sea mining in its waters. Deep-sea mining in recent years has garnered attention because of the possibility of recovering battery metals such as manganese and nickel from the seafloor. Some other early supporters of seabed mining, including Maersk and Lockheed Martin, have been selling their deep-sea mining investments.

Persons: —, Michael Lodge, Gerard Barron, Sandy Huffaker, GUSTAVO GRAF MALDONADO, Lockheed Martin, Yusuf Khan Organizations: United, Sustainable Business, ” Global Affairs Canada, ISA, Metals Co, Maersk, Press, Greenpeace, The Metals Co, REUTERS, Nauru wouldn’t, Lockheed Locations: Canada, United Nations, Kingston , Jamaica, Ireland, Switzerland, Norway, Nauru, yusuf.khan

☆ US defense secretary discussed support for Turkish military modernization with counterpart
▼ + stars: | 2023-07-11 | by ( ) www.reuters.com time to read: 1 min

July 10 (Reuters) - U.S. Defense Secretary Lloyd Austin discussed support for Turkey's military modernization during a call with his Turkish counterpart, according to a U.S. readout released late on Monday after Turkey said it would back Sweden's NATO accession. Turkey requested in October 2021 to buy $20 billion of Lockheed Martin Corp (LMT.N) F-16 fighters and nearly 80 modernization kits for its existing warplanes. "They ... discussed the positive talks between Turkiye, Sweden, and NATO Secretary General Stoltenberg, as well as the Department of Defense's support for Turkiye's military modernization," the Pentagon said of the phone call between Austin and Turkish Defense Minister Yasar Guler. Reporting by Costas Pitas; Editing by Himani SarkarOur Standards: The Thomson Reuters Trust Principles.

Persons: Lloyd Austin, General Stoltenberg, Yasar Guler, Costas Pitas, Himani Sarkar Organizations: . Defense, Turkish, NATO, Lockheed Martin Corp, Department of, Pentagon, Turkish Defense, Thomson Locations: U.S, Turkey, Turkiye, Sweden, Austin

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