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☆ Final Trades: Lockheed Martin, TE Connectivity, U.S. 2 Year Treasuries and the XLU
▼ + stars: | 2024-07-24 | 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 EmailFinal Trades: Lockheed Martin, TE Connectivity, U.S. 2 Year Treasuries and the XLUThe Investment Committee give you their top stocks to watch for the second half.

Persons: Lockheed Martin Organizations: Lockheed, Investment

☆ Here are Wednesday's biggest analyst calls: Tesla, Spotify, Apple, GM, Alphabet, Imax, Disney & more
▼ + stars: | 2024-07-24 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Wednesday's biggest calls on Wall Street: RBC upgrades Estee Lauder to outperform from sector perform RBC said it sees an attractive risk/reward. Morgan Stanley reiterates Tesla as overweight Morgan Stanley said it's standing by shares of Tesla following the release of disappointing earnings. Morgan Stanley initiates Biohaven as overweight Morgan Stanley said it sees "value creation" for the biotech company. Morgan Stanley downgrades General Motors to equal weight from overweight Morgan Stanley said it sees a more "balanced" risk/reward for shares of GM. " Cantor Fitzgerald downgrades Tesla to neutral from overweight Cantor downgraded Tesla following earnings on Tuesday.

Persons: Lauder, Raymond James, Taylor Morrison, it's, Morgan Stanley, Tesla, Tesla's, TD Cowen, JFrog, Cowen, Lockheed Martin, Goldman Sachs, Goldman, Smith, Stifel, GOOGL, Jefferies downgrades, Gamble, Jefferies, Piper Sandler downgrades Ulta, Piper, Gordon Haskett, Joel Anderson, Cantor Fitzgerald downgrades Tesla, Cantor Organizations: RBC, Taylor Morrison Homes, Tesla, Lockheed, Spotify, JPMorgan, Garden Entertainment, Apple JPMorgan, Apple, Jefferies downgrades Colgate, Palmolive, Procter, Colgate, Gamble, Deutsche Bank, Deutsche, Motors, GM, Barclays, Disney, Universal Studios, Davidson Locations: GenAI, Malibu

☆ French aerospace company sees surge in U.S. applicants after SpaceX relocation news: 'Come to Europe and we'll help you'
▼ + stars: | 2024-07-23 | by ( Jennifer Liu | ) www.cnbc.com time to read: +3 min

Latitude, a French aerospace company based an hour outside Paris, is getting a surge of applications from American engineers after Elon Musk said he would relocate SpaceX headquarters from California to Texas. Those job seekers work at SpaceX, Blue Origin, Lockheed Martin, Tesla and other companies related to the aerospace industry, the spokesperson tells CNBC Make It. He says the message wasn't a takedown of Musk or SpaceX, which Maximin refers to as one of "the best engineering companies in the world." Rather, he says, "if you're not happy where you are, if you want different things, you can come to Europe, and we'll help you." "We have done it multiple times over," Maximin says, adding that his company has "the full support of French authorities" to make the relocation happen quickly.

Persons: Elon Musk, Lockheed Martin, Tesla, Musk, Stanislas Maximin, Rather, Joe Biden, Donald Trump, Maximin Organizations: Elon, SpaceX, Lockheed, CNBC, U.S Locations: French, Paris, California, Texas, U.S, Hawthorne , California, Starbase , Texas, Europe

☆ Juice your portfolio income with these dividend payers that offer high yields, Wells Fargo says
▼ + stars: | 2024-07-23 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

High dividend yield stocks can boost investors' portfolio income — if they are willing to take some risk — and Wells Fargo Investment Institute has a list of its favorite picks. Further, a company that offers a high dividend yield may be more likely to cut the payment when times get tough. Chevron , a top pick in Wells Fargo's integrated oils coverage, made the high dividend yield list. Wells Fargo Investment Institute also highlighted PepsiCo in its high dividend yield screen. Other names on Wells Fargo's high dividend yield list include Medtronic , Lockheed Martin and Cisco Systems .

Persons: Thomas Christopher, Christopher, Wells, Roger Read, Hess, Read, Jefferies, Kaumil Gajrawala, Omnicom, Lockheed Martin Organizations: Wells, Wells Fargo Investment Institute, Investment Institute, Chevron, Exxon Mobil, Hess Corp, PepsiCo, Gatorade, Quaker Oats, Frito, Omnicom, Lockheed, Cisco Systems Locations: Wells Fargo, Guyana

☆ Stocks making the biggest moves midday: Spotify, United Parcel Service, Pentair and more
▼ + stars: | 2024-07-23 | by ( Sean Conlon | ) www.cnbc.com time to read: +5 min

United Parcel Service — The package delivery company plunged more than 12%, hitting a new 52-week low, after posting a miss on both top and bottom lines in the second quarter. Pentair beat expectations for the second quarter, posting earnings of $1.22 per share, excluding items, compared to the FactSet consensus estimate of $1.14 per share. NXP Semiconductors posted adjusted earnings of $3.20 per share, which was below the LSEG consensus estimate of $3.21 per share. Inter Parfums — The stock jumped more than 6% after the fragrance manufacturer posted record net sales for the second quarter. The regional bank earned $1.28 per share, above the consensus estimate of $1.10 a share from analysts polled by LSEG.

Persons: LSEG, MSCI, FactSet, Pentair, Danaher, Rainer Blair, Sherwin, Williams, Lockheed Martin, —, Alex Harring, Yun Li, Hakyung Kim Organizations: Spotify, United Parcel Service, UPS, Revenue, NXP, Crown Holdings, Inter, Comcast —, LSEG, General Motors, Buick, GE Aerospace, Lockheed, Comcast, CNBC Locations: U.S, Michigan

☆ Stocks making the biggest moves premarket: Spotify, General Motors, Coca-Cola and more
▼ + stars: | 2024-07-23 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

General Motors — The auto stock jumped 4.6% after General Motors easily topped second-quarter estimates. The aerospace company posted second-quarter earnings of $6.85 per share on revenues of $18.12 billion. NXP Semiconductors — Shares dropped 7% after NXP Semiconductors reported second-quarter earnings that missed estimates. Danaher — The life sciences stock jumped 6% after Danaher posted second-quarter earnings and revenue that exceeded expectations. Zions Bancorporation — Shares gained 3% after Zions Bancorp posted second-quarter earnings that exceeded expectations.

Persons: General Motors, Lockheed Martin, LSEG, Danaher, Rainer Blair, Zions, CNBC's Hakyung Kim, Jesse Pound Organizations: Technology, Spotify Technology, General, General Motors, GM, Lockheed, Cola, NXP Semiconductors, United Parcel Service, UPS, Holdings, Crown Holdings, Zions Bancorp, LSEG, GE Aerospace, Comcast —, Comcast Locations: China

☆ Graceland questions authenticity of Elvis memorabilia sold by auction house with ties to Priscilla Presley
▼ + stars: | 2024-07-22 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Chloe_Melas.Jpg | Chloe Melas | ) www.nbcnews.com time to read: +13 min

Its owner, Brigitte Kruse, formed a relationship with Elvis' ex-wife, Priscilla Presley, and has even acted as her power of attorney. The questions over some of Kruse’s Elvis items reflect the murky world of celebrity memorabilia. The problem, these collectors say, is that there are dishonest people with Elvis ties providing bogus items to auction houses. In her suit, Priscilla said they were introduced by a mutual connection who said Kruse wanted to discuss her business selling Elvis memorabilia. In the days before the auction, Priscilla did media interviews explaining why she was endorsing it.

Persons: Joel Weinshanker, Elvis, Elvis Presley, ” Weinshanker, Elvis ’, Brigitte Kruse, Priscilla Presley, Weinshanker, Priscilla vouching, Priscilla, Kruse, ” Kruse, “, ”, Stephen Shutts, Elvis ’ “, Roy McKay, McKay, ” McKay, Priscilla Kruse, Tom Parker, King, ” Presley, Domenick Fini, Vernon Presley, Parker, Graceland, cufflinks, Mecum, James Webb, Webb, “ Priscilla, Priscilla’s Organizations: Elvis Presley Enterprises, NBC, GWS, NBC News, Lockheed Jetstar, Reuters, NBC News Graceland, Graceland, GAB, Mecum, Elvis, YouTube Locations: Memphis, California, Windermere , Florida, New Mexico, Graceland, Hawaii, Tenn, Kissimmee , Florida

☆ Lockheed Martin COO on the 2024 election, defense spending and F-35 delivery outlook
▼ + stars: | 2024-07-22 | 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 COO on the 2024 election, defense spending and F-35 delivery outlookCNBC’s Phil LeBeau and Lockheed Martin COO Frank St. John join 'Squawk Box' to discuss the 2024 election, state of defense spending, F-35 delivery timeline, impact of inflation, and more.

Persons: Lockheed Martin, Phil LeBeau, Frank St, John Organizations: Lockheed

☆ Alphabet earnings and 3 more things we're watching in the stock market next week
▼ + stars: | 2024-07-20 | by ( Zev Fima | ) www.cnbc.com time to read: +12 min

But in general, this is the kind of development we've hoped to see ever since Starbucks' massive earnings miss April 30. We'll take the nearly 7% pop in shares Friday and hope it's only the beginning of recovery for the beaten-up stock. Fed's fave inflation measure : The personal spending and income report will be the most closely watched economic report next week. Earnings : As the second-quarter earnings season picks up pace, we'll hear from five Club holdings next week including Google parent Alphabet . Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Russell, Donald Trump, — Trump, Jim Cramer, Trump, Donald Trump's, Taiwan's TSMC, Joe Biden's, Biden, Biden's, he's, Elliott, we've, We'll, it's, we'll, Sartorius, Ford, Jim Farley, We're, Honeywell management's, —, Zions, BOK, Brown, BRO, Lockheed Martin, Philip Morris, Clark, Lamb, Edwards Lifesciences, DOV, Dr Pepper, CARR, Baker Hughes, Booz Allen Hamilton, Jim Cramer's, Jim Organizations: Federal Reserve, Nasdaq, Dow, Republican National Convention, GOP, Bloomberg Businessweek, Trump, Elliott Management, Starbucks, Street Journal, Technology, General Motors, Honeywell, Dover, Products Company, Verizon, Truist, SAP, Semiconductors, Crown Holdings, Cadence Design Systems, Medpace Holdings, AGNC Investment, Logitech International S.A, KKR Real Estate Finance Trust, Berkley Corp, Spotify Technology S.A, United Parcel Service, GE Aerospace, GE, Cola Company, Lockheed, Comcast, Polaris Industries, Philip Morris International, Company, HCA Healthcare, Moody's Corporation, Enphase Energy, Texas Instruments Incorporated, Chubb Corporation, Seagate Technology plc, Maine, Packaging Corporation of America, Weatherford International plc, Canadian National Railway Company, FTAI Aviation Ltd, Mattel, Vertiv Holdings Co, Lamb Weston Holdings, NextEra Energy, Tenet Healthcare, Fisher, GE Vernova, Boston Scientific Corporation, General Dynamics, Lennox International, Software Technologies, CME Group, Fortive Corporation, Co, Roper Technologies, Teck Resources Limited, Blackstone Mortgage Trust, Economico Mexicano S.A, Dominion Freight, Otis Worldwide Corporation, OTIS, Ford Motor Company, Grill, Business Machines, IBM, Viking Therapeutics, Las Vegas Sands Corp, Newmont, Whirlpool, Globe, WM, O'Reilly Automotive, Annaly Capital Management, Honeywell International, American Airlines Group, Hasbro, Southwest Airlines Co, New York Community Bancorp, RTX Corporation, AstraZeneca, Carrier Global Corporation, Integer Holdings Corporation, Valero Energy, Texas, Juniper Networks, Boston Beer Company, Physicians Realty Trust, Allison Transmission Holdings, Corp, Columbia Banking, Digital Realty Trust, Edison International, Myers Squibb, Charter Communications, 3M Company, Booz, Centene Corporation, AON, Barnes, Colgate, Palmolive, Jim Cramer's Charitable, CNBC, U.S Locations: U.S, Taiwan, FactSet, China, Dover, Cleveland, Alexandria, ZION, W.R, Freeport, Kimberly, Cal, Teck, Las, ORLY, New, Banc, Bristol, Milwaukee , Wisconsin

☆ Earnings plus key reports on economic growth and inflation put the consumer in focus next week
▼ + stars: | 2024-07-19 | by ( Sarah Min | ) www.cnbc.com time to read: +7 min

The consumer will be in focus next week as investors head into the thick of earnings season and await some major macroeconomic reports. So far, just 14% of S & P 500 companies have reported earnings results. As one strategist noted, Wall Street is about to get insight into the economy from more than half the broad market index. The thick of earnings Earnings season is off to a strong start. Credit card company Visa will be reporting next week after American Express' results this week suggested inflationary pressures have reached the higher-end consumer.

Persons: Russell, We're, Terry Sandven, Sherwin, Williams, Charles Ashley, Read, Ashley, We've, It's, Lockheed Martin, Kimberly, Clark, General, Philip Morris, Lamb Weston, Northrop, Rowe Price Organizations: Federal, Nvidia, U.S, Bank Asset Management, Nasdaq, Dow Jones, Whirlpool, Catalyst Funds, Visa, American Express, Google, Commerce, FactSet, Fed, Chicago, Verizon, Richmond Fed, Enphase Energy, Capital, Texas, Williams, Comcast, General Motors, United Parcel Service, Philip Morris International, GE Aerospace, PMI, O'Reilly, Grill, Business Machines, Vegas Sands, Ford Motor, Technology, NextEra Energy, GE, . Kansas City Fed Manufacturing, American Airlines, CBRE, Valero Energy, Hasbro, Tractor Supply, Northrop Grumman, Southwest Airlines, Honeywell International, Norfolk Southern, Rowe Price Group, Myers Squibb, Colgate, Palmolive Locations: —, Freeport, McMoRan, Vegas, . Kansas, Michigan, Bristol

☆ Russia's showing NATO its hand in the air war over Ukraine
▼ + stars: | 2024-07-13 | by ( Sinéad Baker | Jake Epstein | ) www.businessinsider.com time to read: +21 min

Experts told Business Insider the Ukraine war has underscored how some elements of modern air combat are radically changing. And in fights like Desert Storm and the Iraq War, the West established air superiority by taking out its opponent's air defenses. The Russian air force can't meet Western air forces air to air in a major attack without being "shot to pieces," Bronk said. "Nobody really wants an air war with Russia," said John Baum, a Mitchell Institute expert and retired US Air Force lieutenant colonel. "It is not a highly desirable thing, I think, from either side, to want to have this air war."

Persons: It's, Justin Bronk, hasn't, DIMITAR DILKOFF, Bronk, Andrew Curtis, Mark Cancian, Guy Snodgrass, Hoshang, Giorgio Di Mizio, David Allvin, it's, James Hecker, NATO hadn't, " Hecker, that's, Maxim Shemetov, Fabian Hinz, Riivo Valge, Mattias Eken, They're, Paula Bronstein, Anthony Sweeney, US Army Cancian, REUTERS Lockheed Martin, Timothy Wright, disaggregation, Schmuelgen Jarmo Lindberg, Evelyn Hockstein Valge, John Baum Organizations: Kyiv, NATO, Business, Royal United Services Institute, Western, Getty, US Air Force, Storm, Marine, Center for Strategic, International Studies, Russian Defense Ministry Press, AP Russia, AP, Hudson Institute nonresident, International Institute for Strategic Studies, REUTERS, RAND Corp, Patriots, US Army, West, Patriot, Ukraine, REUTERS Lockheed, Finnish Defense Forces, Eurofighter Typhoons, Mitchell Institute Locations: Ukraine, Russia, Russian, AFP, Iraq, Europe, West, Afghanistan, Baltic, Western Europe, Estonian, Finnish, Finland, Washington

☆ Welcome to the new Fightertown USA: Inside San Diego's AI-powered unmanned aircraft boom
▼ + stars: | 2024-07-10 | by ( Vishal Persaud | ) www.businessinsider.com time to read: +12 min

But the program has since moved to another station, and its legacy in San Diego is a faint, fond memory. AdvertisementWith such a rich history of aerial dynamism, it's no surprise that San Diego has become a major hub of this technology. Defense, AI, and a warming reception from VCsLong before AI became a household buzzword, Shield AI launched in San Diego. AdvertisementBut San Diego seemed to be a better fit with its access to open land and proximity to the ocean. That pipeline continues to feed into the San Diego tech ecosystem, feeding and driving the aerial innovation it has become known for over a century.

Persons: —, Tom Cruise, Larsen Jensen, Palmer Luckey's Anduril, Brandon Tseng, VCs Long, Tseng, Ryan, presciently, Hivemind, It's, shouldn't, Jensen, Ian Muceus, Muceus, we've, Firestorm's, Firestorm, Glenn Curtiss, Grant Jordan, Andreessen Horowitz, — Jordan, Jordan, SkySafe, Tim Draper, Aleksey Matyushev, Matyushev, Oakland — Natilus, Natilus, General Atomics, Northrop Grumman, Lockheed Martin Organizations: Service, Kawasaki Ninja, hotshot Navy, US Naval Air Station, Business, Navy, Harpoon Ventures, Defense, aha, Navy SEAL, US Department of Defense, Coast Guard, Air Force, Marine Corps, BAT, SpaceX, Marque Ventures, Silent Ventures, US Navy, Soma, Oakland, San Diego International Airport, Brown Field Municipal, Northrop, Lockheed Locations: San Diego, Miramar, Diego's, Diego, Afghanistan, Persian, Israel, Caribbean, Bay, San Diego Bay, West, San Jose, San Francisco, Central Valley, Vallejo, Kona

☆ A European rival to HIMARS takes shape
▼ + stars: | 2024-07-07 | by ( Michael Peck | ) www.businessinsider.com time to read: +6 min

Europe is building a multiple rocket launcher that resembles America's HIMARS, the ground-fired weapon that took on the precision strike missions that Ukraine's battered air force couldn't. Many, such as France's LRU and Germany's MARS 2, are based on the U.S. M270, a tracked mobile rocket launcher, and its Guided Multiple Launch Rocket System rockets. One HIMARS launcher can carry six GMLRS rockets or one longer-range ATACMS ballistic missile. HIMARS rockets destroyed Russian ammunition depots and headquarters, disrupting logistics and command and control, and spurring Russian forces to move vital facilities deeper behind their lines. Collectively, such trends are prompting some militaries to consider possible alternatives to the US HIMARS system, though certainly that remains a major player in this competition for contracts."

Persons: HIMARS, KNDS, EuroPULS, hasn't, Emely Gonzalez, What's, Elbit, Lockheed Martin, that's, Elbit's PULS, James Black, Michael Peck Organizations: Service, Franco, Systems, Israel Defense Forces, High, Artillery, U.S ., US Marine Corps, HIMARS, Lockheed, Munitions, MARS, US Defense Department, RAND, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Ukraine, HIMARS, Germany, Europe, Netherlands, Denmark, RAND Europe, Forbes

☆ Russia has forced the West to ramp up production of older weapons — even gear it wasn't making any more
▼ + stars: | 2024-07-05 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +7 min

Read previewRussia's invasion of Ukraine has resulted in a surge in demand, orders, and manufacturing of Western weaponry, including decades-old equipment and even gear that had gone out of production. The result is more orders and manufacturing, even of Western equipment where production had stopped. Its maker, Lockheed Martin, is increasing production as well as its production of the antitank missile system. Russia has also ramped up its wartime production, which could aid it in the future and not just against Ukraine. One solution would have been countries ramping up their orders and production earlier in the war, Di Mizio said.

Persons: —, it's, Jan Kallberg, hasn't, Lockheed Martin, Diehl, Timothy Wright, Mark Cancian, Vladimir Putin, Mikhail Klimentyev, Mattias Eken, Cancian, Diego Herrera Carcedo, Giorgio Di Mizio, Kallberg, Di Mizio Organizations: Service, Business, Manufacturing, Center for, Army Cyber Institute, US Army, Air Missile System, High Mobility Artillery Rocket Systems, Getty, IRIS, Patriot, International Institute for Strategic Studies, Financial Times, Center for Strategic, International Studies, Russia Western, Military, Sputnik, REUTERS, Ukraine, Russia, RAND Corporation, Anadolu Agency Locations: Ukraine, Russia, West, Norway, Europe, Bakhmut, Donetsk Oblast, France, Kremlin, REUTERS Russia

☆ GlobalFoundries races to find semiconductor talent as demand for chips soars
▼ + stars: | 2024-07-05 | by ( Kate Rogers | ) www.cnbc.com time to read: +5 min

The U.S. chips industry is expected face a shortage of 67,000 technicians, computer scientists and engineers by 2030, while the broader U.S. economy is set to have a gap of 1.4 million such workers, according to a 2023 study from the Semiconductor Industry Association. A wafer sorter inside the GlobalFoundries semiconductor manufacturing facility in Malta, New York, on June 18, 2024. The company creates chips for everyday products from electronics and phones to autos, in addition to components for space and defense. The GlobalFoundries semiconductor manufacturing facility in Malta, New York, on June 18, 2024. Morgan Woods, 28, started out in Malta, New York, at GlobalFoundries' fab facility as a technician in 2021.

Persons: Cindy Schultz, Lockheed Martin, Pradheepa Raman, Raman, Morgan Woods, Woods, GlobalFoundries Organizations: Semiconductor Industry Association, Deloitte, Bloomberg, Getty, General Motors, Lockheed, CNBC, Workers, GM, U.S Locations: U.S, Malta , New York, New York, Vermont

☆ A NATO sub hunter captured these shots of a Russian submarine in waters newly surrounded by the alliance
▼ + stars: | 2024-07-05 | by ( Ella Sherman | Chris Panella | ) www.businessinsider.com time to read: +4 min

These images of a Russian submarine were taken last week by 🇵🇹 P3 Maritime Patrol Aircraft while under #NATO in the #BalticSea. While it's unclear what Russian sub was documented in these photos, Russia recently conducted a submarine exercise in the Baltic Sea. The Russian nuclear-powered submarine Kazan, part of the Russian naval detachment visiting Cuba, arrives at Havana's harbor. Russian submarines are active far beyond the Baltic Sea and remain an important element of the Russian navy. For instance, the submarine Kazan was spotted in Cuba recently during a Russian navy flotilla visit and prior to exercises in the Caribbean.

Persons: —, Lockheed Martin Organizations: Service, NATO, Business, NATO Maritime Command, Orion, Lockheed, 🇵🇹 P Locations: Russian, Baltic, Portuguese

☆ The world's most popular fighter jet just turned 50, but it still packs a punch
▼ + stars: | 2024-07-04 | by ( Constantine Atlamazoglou | ) www.businessinsider.com time to read: +6 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewOn January 20, 1974, a runway high-speed taxi test involving General Dynamics' YF-16 accidentally resulted in the first flight of the prototype aircraft that would become the world-famous F-16 Fighting Falcon, the most popular fighter jet. The F-16 has cemented its place in aviation history not only for dominating the military jet market, but also for revolutionizing the way military aircraft are designed. However, as the skies of the future become increasingly dominated by stealth aircraft, the F-16's battlefield role may change. Advertisement"As the threat environment changes, we'll likely see a shift in the way aircraft like the F-16 are leveraged in combat," Hollings said.

Persons: —, Alex Hollings, George Calin, Hollings, Chanceler, Lockheed Martin — Organizations: Service, General Dynamics, Business, REUTERS, US Air Force, Lockheed Locations: —, Fetesti, Romania, Afghanistan, Iraq, American, Leiria, Portugal

☆ Investing in Space: Why ULA needs to launch its second Vulcan rocket as soon as possible
▼ + stars: | 2024-06-27 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +5 min

CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. A great example of that from this week is United Launch Alliance's Cert-2 mission. Enter the National Security Space Launch (NSSL) program. Well, the Pentagon's already bought a whole bunch of Vulcan launches and expects two of those missions – USSF-106 and USSF-87 – to fly before the end of the year. That was back when Blue Origin had a BE-4 engine explode during acceptance testing — an engine that was intended for the Cert-2 launch.

Persons: CNBC's Michael Sheetz, Tory Bruno, ULA, ULA's, Bruno, Tom Vice, Frank Calvelli, Lockheed Martin, Jeff Bezos, I'm Organizations: Cert, Pentagon, National Security, SpaceX, Space Force, Force, Sierra Space's, USSF, Air Force, Boeing, Lockheed, Vulcan, BE, V Locations: ULA

☆ US stockpiles of the rare earth minerals it would need to fight a war against an adversary like China are a mystery, and experts warn it's a problem
▼ + stars: | 2024-06-27 | by ( Kelsey Baker | ) www.businessinsider.com time to read: +8 min

Part of the military's mission at home is to keep stockpiles of goods like critical minerals on hand for emergency wartime use. In the dark on the stockpileAlthough the name suggests otherwise, rare earth minerals are not exactly rare — in fact, they're relatively plentiful. The Biden administration began cutting American imports of Chinese rare earth minerals a few years ago in an effort to decrease US reliance on China for critical minerals. Submarines, fighter aircraft, magnets used in missiles, radar systems, and drones all require critical earth minerals for manufacturing. AdvertisementA past report for Congress on rare earth minerals for national defense, for instance, noted that a single Virginia-class submarine requires 9,200 pounds of rare earth minerals, while an Arleigh Burke-class destroyer requires 5,200 pounds.

Persons: —, Biden, Lockheed Martin, Gregory Wischer, Wischer, Arleigh Burke, Halsey, Sampson, Chris Williamson Fabian Villalobos, Locke Organizations: Service, Business, Pentagon, Lockheed, Getty, Gratia, Defense Logistics Agency, of, Department of Defense, Defense Industrial Strategy, . US, Pacific, DoD, Materials, Lynas, Joint Base, Hickam . US Navy, RAND Corporation, National Defense, NDS, Industrial Base Locations: China, Fort Worth, Virginia, Arabian, Japan, South Korea, United States, California, Lynas USA, Texas, Vermont, Hickam

☆ US soldiers just put the Army's new Precision Strike Missile to the test against a moving sea target in the Pacific
▼ + stars: | 2024-06-24 | by ( Chris Panella | ) www.businessinsider.com time to read: +5 min

Read previewThe US Army tested its new strike missile against a moving sea target in the Pacific earlier this month. The recent strike marked a "significant milestone" in the development of the new Precision Strike Missile, the Army said. The PrSM, a next-generation long-range precision strike weapon, will eventually replace the older MGM-140 Army Tactical Missile Systems, or ATACMS. The exercise involved the US Army's prototype Autonomous Multi-Domain Launcher and two Precision Strike Missiles, which were "able to engage a moving maritime target in conjunction with other Joint assets." An Army Tactical Missile System during live-fire testing at White Sands Missile Range in New Mexico on December 14, 2021.

Persons: —, Lockheed Martin, White, John Hamilton, Technology Doug Bush Organizations: Service, US Army, Army, MGM, Tactical Missile Systems, Business, Valiant, High, Artillery Rocket Systems, Systems, Lockheed, Pentagon, Army Tactical Missile System, White, Artillery, Acquisition, Logistics, Technology, Ship Locations: Palau, Cleveland, Austin, New Mexico, China

☆ Bezos' Blue Origin joins SpaceX, ULA in winning bids for $5.6 billion Pentagon rocket program
▼ + stars: | 2024-06-13 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +1 min

The Pentagon announced the first winning bidders in its rocket launch contract sweepstakes on Thursday, with Jeff Bezos' Blue Origin grabbing a spot for the first time. Blue Origin's winning bid came as part of contracts awarded under the Pentagon's $5.6 billion National Security Space Launch program. Blue Origin, SpaceX, and ULA did not immediately respond to CNBC requests for comment. Under the program, known as NSSL Phase 3 Lane 1, the trio of companies will be eligible to compete for contracts through mid-2029. Blue Origin, as well as Northrop Grumman , missed out on Phase 2 when the Pentagon selected ULA and SpaceX for the program in August 2020.

Persons: Jeff Bezos, Blue Origin's, Elon Musk's, Alliance –, Lockheed Martin, ULA, Northrop Grumman Organizations: Glenn, Pentagon, Security, Elon Musk's SpaceX, United, Alliance, Lockheed, Boeing, SpaceX, CNBC, Northrop Locations: ULA

☆ These stocks could survive Wall Street's summer lull and thrive, CFRA’s Sam Stovall says
▼ + stars: | 2024-06-12 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

June's historical average return comes out at just 0.1% while July typically sees a 1.2% gain, according to Stovall. Summer exception This summer could prove to be an exception to the typical summer lull, given the upcoming presidential election, Stovall said, noting that the broad market index has posted an average 3.7% summer increase during the 19 election years since World War II. Ahead of this year's election, Stovall expects a few aerospace and defense contractors to stand out. Other areas of the market that should survive and thrive during a slow summer period are consumer staples companies, tobacco names, health-care distributors and pharmaceuticals, Stovall said. Costco and Walmart shares are up roughly 29% and 2% this year, respectively, posting strong returns as consumers have become more motivated by price and value in a high-inflation environment.

Persons: Sam Stovall, Stovall, CFRA, Eli Lilly, Lockheed Martin, Morgan Stanley, Becton Dickinson, Christopher Horvers, FactSet Organizations: Day, Labor, Walmart, Lockheed, Dynamics, Republicans, Costco, JPMorgan

☆ King Charles travels to mark D-Day anniversary while Prince William takes greater role
▼ + stars: | 2024-06-06 | by ( Max Foster | Lauren Said-Moorhouse | ) edition.cnn.com time to read: +11 min

On Thursday morning, King Charles and Queen Camilla attended the UK Ministry of Defence and the Royal British Legion’s commemorative event at the British Normandy Memorial at Ver-sur-Mer. King Charles and Queen Camilla were joined by French President Emmanuel Macron and his wife Brigitte Macron at the British Normandy Memorial. Corbis/Getty Images British troops reach the shore in the early morning. Germans rained mortars and artillery down on Allied troops, killing many before they could even get out of their boats. U.S. Army Injured American soldiers wait to be moved to a field hospital after storming Omaha Beach.

Persons: CNN — Britain’s King Charles III, –, King Charles, Queen Camilla, Charles, Emmanuel Macron, Brigitte Macron, Chris Jackson, “, ” Charles, King George VI, ”, Robert F, Sargent, Dwight D, Eisenhower, Ed Jackson, Samuel Chase, Clarence Shoop, FPG, —, Jeffrey Markowitz, Adolf Hitler, Holmes, King, Macron, Joe Biden –, Prince William, Prince, Wales, King William V’s, Richard Rohmer, France Gabriel Attal, Justin Trudeau, Jordan Pettitt, William, Camilla Organizations: CNN’s Royal, CNN, Omaha Beach, UK Ministry of Defence, Royal British, Royal British Legion, Trust, French, Getty, Army's 50th Infantry Division, Museum, NY, British Royal Navy, Coast Guard, Troops, Lockheed, US Air Force, Allied, Normandy, AP, U.S . Army Signal Corps, Getty Images, Reuters, Canadian, Omaha, Bilderwelt, Channel, US Coast Guard, Hulton, Nazi, U.S . Army Injured, National, Keystone, Fox, 6th Airborne, Images, US, Juno Beach Locations: Normandy, Omaha, Ver, Mer, United Kingdom, France, Utah, New York, United States, Omaha Beach, England, Hulton, Corbis, Australia, Belgium, Czech Republic, Greece, Netherlands, New Zealand, Norway, Rhodesia, Zimbabwe, Poland, AFP, American, British, FPG, Courseulles, Canadian, Portsmouth, England’s

☆ Boeing Starliner launches for the first time carrying NASA astronauts to the ISS
▼ + stars: | 2024-06-05 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +3 min

In this article BA Follow your favorite stocks CREATE FREE ACCOUNTBoeing launched its first Starliner flight with astronauts on Wednesday, beginning a crucial final flight test of the long-delayed spacecraft. ET from Cape Canaveral, Florida with two NASA astronauts aboard. Starliner is carried by an United Launch Alliance's Atlas V rocket and bound for the International Space Station. Boeing's crew flight test aims to certify the Starliner system as capable of carrying NASA astronauts to-and-from the ISS. The capsule itself is built to carry as many as four NASA astronauts per flight and more than 200 pounds of research and cargo.

Persons: Boeing's, Steve Nesius, Lockheed Martin –, Miguel J, Rodriguez Carrillo, Butch Wilmore, Suni Williams, Wilmore, Kim Shiflett, NASA Williams, Williams, Isaac Watson, NASA Starliner Organizations: Boeing, NASA, United, International Space, Alliance, V, International, Reuters, Lockheed, United Launch, Boeing's, Kennedy Space Center, AFP, Getty, Space Shuttle, Russia's, U.S . Navy, Soyuz, Navy, United Launch Alliance, Cape Canaveral Space Force Locations: Cape Canaveral , Florida, U.S, ULA, Cape Canaveral, Fla, Florida

☆ Boeing’s Starliner launch: Highly anticipated crewed test flight set for third launch attempt
▼ + stars: | 2024-06-05 | by ( Ashley Strickland | ) edition.cnn.com time to read: +7 min

CNN —Boeing’s Starliner mission will make a third attempt at launching its first crewed flight test Wednesday in a milestone that has been a decade in the making. Veteran NASA astronauts Butch Wilmore and Suni Williams are set to ride aboard the Starliner capsule on a journey that takes them to the International Space Station. Cory S Huston/NASAIf Starliner successfully lifts off, the astronauts will spend just over 24 hours traveling to the space station. The station’s really designed to be a closed loop.”Now, the urine has to be stored onboard in containers, so Starliner’s anticipated arrival to the space station can’t come soon enough. This mission could be the final major milestone before NASA deems Boeing’s Starliner spacecraft ready for routine operations to deliver astronauts and cargo to the space station.

Persons: CNN —, Butch Wilmore, Suni Williams, Bill Nelson, —, ” Nelson, Williams, Cory S Huston, Starliner, ”, Dana Weigel, Wilmore, Steve Stich, SpaceX —, Lockheed Martin, Tory Bruno, “, it’s, Bruno Organizations: CNN, Atlas, Cape Canaveral Space Force, Veteran NASA, International Space, cumulus, Weather Squadron, NASA, Mercury, Gemini, Apollo, NASA’s, Space Station, SpaceX, Atlas V, United Launch Alliance, Boeing, Lockheed Locations: Florida, States, United States

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