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Congress is currently debating whether it should tie funding for Israel and Ukraine into one bill. Sen. Tommy Tuberville said he wants Congress to withhold Israel funding for now. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementGOP Sen. Tommy Tuberville said he thinks Republicans should withhold any funding for Israel until "something" is done by Congress to address the US-Mexico border. Congress is currently split over whether or not to package funding for Israel and Ukraine together or in standalone bills.
Persons: Sen, Tommy Tuberville, , Tuberville, Laura Ingraham, Biden, We've, Mike Johnson, Ingraham, hasn't, Chuck Schumer, Schumer Organizations: Service, Israel, Fox News, Marine Corps, Air Force's Locations: Israel, Ukraine, Mexico, Gaza
A SpaceX Falcon Heavy rocket launches on its mission with a classified payload for the U.S. Space Force at Cape Canaveral, Florida, on Nov. 1, 2022. The U.S. Space Force assigned 21 rocket launches to SpaceX and United Launch Alliance, worth about $2.5 billion in total, the military branch told CNBC. Space Force expanded the NSSL Phase 2 program significantly since naming SpaceX and ULA as its two launch providers in 2020. Space Force had previously announced that of mission assignments, 60% would go to ULA and 40% to SpaceX. The final Phase 2 assignments come as Space Force prepares to ramp up the NSSL program even further with Phase 3.
Persons: Lockheed Martin, Doug Pentecost, ULA, Elon, Pentecost, SpaceX's, ULA's Vulcan Organizations: SpaceX, Heavy, U.S . Space Force, Space Systems Command, Boeing, Lockheed, Falcon, Force's, Systems Command, Tuesday, United Launch Alliance, CNBC, USSF, Space Force, CNBC PRO Locations: Cape Canaveral , Florida, ULA, U.S
That's why the US Air Force is eager to deploy a new generation of electronic-warfare aircraft and drones. In September, the Air Force received its first test EC-37B Compass Call. AdvertisementAdvertisementMilitaries have been investing in the secretive world of electronic warfare since World War II. Naturally, the Air Force wants to extensively test the E-37B before deploying it. A US Air Force EC-130H at Davis-Monthan Air Force Base in August 2021.
Persons: , Mark Kelly, Denis Abramov, James Rainey, Doug Bush, Bush, Felicia Jagdatt, Kelly, Alex Miller, Michael Peck Organizations: Service, US Air Force, Air Force, Gulfstream G550, Air Combat Command, Air and Space Forces Association, Russian Defense Ministry, Mil.ru, US Army Futures Command, Association of, United, Army, US Army, Air and Space Forces, US Air Force EC, Davis, Monthan Air Force Base, Air, Defense, Foreign Policy, Twitter, LinkedIn Locations: Ukraine, Vietnam, Russian, Mil.ru Ukraine, Russia, United States, Bliss, Texas, Forbes
China's air force continues to improve and expand its fleet of J-20 stealth fighter jets. The J-20 is China's first stealth jet and a growing part of an already sizable aviation force. China's air force and navy now make up the largest aviation force in the region and the third largest in the world. They have a total of 1,900 fighter jets, including J-20s that have been "operationally fielded" by China's air force, according to the US Defense Department. AdvertisementAdvertisementA Chinese jet, believed to be a J-20 prototype, in Chengdu in January 2011.
Persons: , Wang Jingtian, We've, Brendan Mulvaney, Mulvaney, they've, Rick Joe, Zhang Hui, Kenneth Wilsbach, Wilsbach, Jia Tianyong, Rong Xu Organizations: Service, US Defense Department, US Air Force, Beijing, Getty, WS, Reuters, China Aerospace Studies Institute, Department of, US Pacific Air Forces, Air and Space Forces Association, Air Show, China News Service, Getty Images China, People's Liberation Army, PLA, People's Republic of China, US Air, Pentagon Locations: China, East China, Pacific, Taiwan, Changchun, Chengdu, People's Republic of, China's, Xiamen, Zhuhai, American
While executive stock sales — such as Dimon's planned transactions next year — are not universally red flags, they can get complicated. Insider stock sales Executive stock trades are usually disclosed through SEC filings known as Form 4 documents and accessible through the regulator's EDGAR database — the electronic data gathering, analysis, and retrieval system. Rule 10b5-1 trading plans came into the fold just over two decades ago to reconcile these two discordant facts. Adopting Rule 10b5-1 trading plans gives public-company executives a way to protect against allegations of illegal insider trading in the future. Compared with a tiny stock sale executed through a predetermined plan, executive stock buys generally send a much stronger signal: The executive wants to make money, too.
Persons: Jamie Dimon, Dimon, Jim Cramer, Jim, Eliezer Fich, Dimon's, EDGAR, Chester Spatt, Spatt, , Susan Li, Drexel's, Wharton, Drexel's Fich, Fich, I'm, Nancy Quan's, Quan, Marc Benioff, Carnegie Mellon's Spatt, Benioff, Howard Schultz, Schultz's, Schultz, Carnegie Mellon's, Nikesh Arora, Arora, Charles Scharf, Wells, Sehwa Kim, Kim, Foot, Mary Dillon, Locker, Dillon, Foot Locker, Jim Cramer's, Al Drago Organizations: JPMorgan Chase, JPMorgan, Dow Jones Industrial, Wall, Dimon, Pfizer, Capitol, Drexel University, Club, Securities, Exchange Commission, SEC, Carnegie Mellon's Tepper School of Business, CNBC, Stanford University, University of Pennsylvania's Wharton School, Stanford, Cola, Salesforce, Carnegie, Starbucks, Palo Alto Networks, Alto Networks, Broadcom, Federal Reserve, Washington Service, Columbia Business School, JPMorgan Chase &, Bloomberg, Getty Locations: U.S, Coke, Salesforce, FL
The Boeing KC-46 Pegasus aerial refueling tanker is seen before a delivery celebration to the U.S. Air Force in Everett, Washington, U.S., January 24, 2019. Despite absorbing $4.4 billion in losses in 2022 – which executives said would lower the risk of future cost overruns – the unit has seen little improvement this year. Excluding last year, losses on Boeing's defense programs in 2023 exceed those from all years since 2014, according to a Reuters review of Boeing’s regulatory filings. The latest charge for Air Force One brought total losses to $2.4 billion on a $3.9 billion contract to develop two planes. A better bet, and one Boeing's defense segment is aggressively pursuing, is inking future contracts for next-generation fighter jets and cutting-edge drones.
Persons: Lindsey Wasson, Lockheed Martin, Brian West, Byron Callan, , Seth Seifman, JP Morgan, , NASA's, West, there's “, Richard Aboulafia, ” Aboulafia, Valerie Insinna, Rod Nickel Organizations: Boeing KC, Pegasus, U.S . Air Force, REUTERS, Rights, Air Force, Boeing, Lockheed, General Dynamics, Capital Alpha Partners, U.S . Defense Department, NASA, BDS, Boeing Defense Space, U.S . Air Force's KC, KC, Thomson Locations: Everett , Washington , U.S, Ukraine
The US Department of Defense released its annual China Military Power Report last week. The report says China's has increased in missile stockpiles, doubling its supply of the DF-21 missile. The increase in what an expert called "Japan Killers" gives China greater capability to threaten US bases. The People's Liberation Army Rocket Force's includes a significant increase in DF-21 medium-range ballistic missiles. The new figures were released last week in the Department of Defense's annual China Military Power Report.
Persons: China's, , That's, GREG BAKER, Tom Shugart, who's, that's, Shugart, Joe Biden, Xi Jinping, Roosevelt, Mandel Ngan Organizations: US Department of Defense, China, Service, People's Liberation, Pentagon, Department, Taiwan . Military, Getty, NATO, US, Center, New, New American Security, DF, . Navy, Japan, Self, Defense Force, Reuters, US Navy, Defense, RAND, PLA, Artillery, White, American, DoD Locations: China, Japan, People's Republic of China, Taiwan, Beijing, AFP, Guam, New American, Korea, Soviet, Washington , DC
The first Ukrainian F-16 pilots-in-training are in the process of moving from simulators to the real thing. Ukraine's Air Force spokesperson Yuriy Ihnat announced this on Sunday, per local media. There's still a long path to getting the aircraft into Ukrainian skies in the war with Russia, however. AdvertisementAdvertisementUkraine's F-16 pilots are in the process of moving from using flight simulators to training in real combat aircraft — another development in allowing the US-made fighter jets to be used against Russia's air force. "We're currently in the process of transitioning to combat aircraft," he added, per the outlet.
Persons: Yuriy Ihnat, , We're, Chris Panella, Jake Epstein Organizations: Ukraine's Air Force, Service, Air Force, New, Reuters, US Air Force's, Politico Locations: Ukrainian, Russia, Ukraine, Denmark, Tucson , Arizona
Enterprise software giant Salesforce (CRM) has been trudging through a challenged stretch of trading lately — but it's certainly no justification for a Wall Street downgrade, Jim Cramer said Monday. Salesforce appears well-positioned on both sales growth and profitability, even if some on Wall Street question its ability to deliver a growth mix on par with its software peers. Alongside its fiscal 2024 second-quarter results in late August, Salesforce tweaked its full-year revenue guidance to a level slightly above Wall Street consensus estimates at the time, implying nearly 11% year-over-year growth. However, the firm said Club holding Microsoft (MSFT) is still its favorite large-cap software stock to own into year-end, citing AI catalysts. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Persons: it's, Jim Cramer, Piper Sandler, Salesforce, Jim, Marc Benioff, Jim Cramer's Organizations: Enterprise, Club, Microsoft, CNBC, Bloomberg, Getty Locations: Salesforce, ASAN, San Francisco
"Airbus remains committed to providing the U.S. Air Force and our warfighters with the most modern and capable tanker on the market," an Airbus spokesperson said. The Air Force has sought to replace hundreds of Eisenhower-era KC-135 tankers in three lots. "Lockheed Martin has decided not to respond to the U.S. Air Force's KC-135 fleet recapitalization Request for Information," Lockheed spokesperson Stephanie Stinn said in a statement. A Lockheed-Airbus victory would have landed Airbus its first aircraft contract with the U.S. Air Force after attempting to penetrate the U.S. defense market for two decades. In 2011, Boeing won the first of the three-phase procurement to replace the Air Force's aging tanker fleet, securing a contract for 179 KC-46s.
Persons: Cheney Orr, Eisenhower, Lockheed Martin, Stephanie Stinn, Lockheed's, Valerie Insinna, Mike Stone, Chizu Organizations: Lockheed, Association of, United States Army, Global, REUTERS, Rights, Lockheed Martin Corp, U.S . Air, KC, Air Force, Airbus, U.S . Air Force, The Air Force, Boeing, U.S . Air Force's KC, Pegasus, Refueling, recapitalization, Air, Thomson Locations: Huntsville , Alabama, U.S, Alabama, Georgia, Washington
During a test in September, a drone flew on and off a British aircraft carrier for the first time. A difficult operationRoyal Navy airman secure a W Autonomous Systems drone aboard HMS Prince of Wales in early September. In 2021, the Royal Navy tested a drone system meant to help crews train to defend against incoming jets and missiles. AdvertisementAdvertisementTurkey's navy will soon add TCG Anadolu, the world's first aircraft carrier designed for a drone air wing. The US Air Force's Next Aircraft Dominance Program is developing a sixth-generation family of aircraft, drone wingmen designed to fly alongside piloted planes.
Persons: , Wales, Richard Hewitt, HMS Prince, LPhot Finn Stainer, Hutchins, Hewitt, Merlin, Ash Loftus, Prince, Burak, NavyMCS2 Colby, Alex Hollings, Hollings, George H.W, George H.W . Bush, MCS3 Brandon Roberson, Constantine Atlamazoglou Organizations: Service, Royal Navy, Autonomous Systems, Royal Navy Carrier Strike Groups, Wildcat, Fleet, Royal Navy Air Test, Anadolu, Anadolu Agency, Getty Images, US Air Force, Navy, US, Force's, Air Force, US Navy, Fletcher School of Law, LinkedIn, Twitter Locations: British, Prince, Wales, Dardanelles, Tulsa, Vietnam, George H.W .
The White House is spending $7 billion to spur "clean" hydrogen. The goal is to spur the production of "clean" hydrogen, because the way it's currently produced is a dirty business. Anna Menke, the task force's senior hydrogen-hubs manager, said she wants the debate to move away from green versus blue hydrogen because each technology has its pros and cons. Korgel noted that the federal definition of "clean" hydrogen has been evolving, but should be more clear soon. The Internal Revenue Service has to decide what "clean" hydrogen is eligible for a tax credit worth up to an estimated $100 billion over its lifetime.
Persons: Joe Biden, it's, Robert Howarth, Howarth, Anna Menke, Menke, Brian Korgel, Biden, Korgel Organizations: Service, Cornell University, Air Task Force, US Department of Energy, Energy Institute, University of Texas, Chevron, ExxonMobil, Sempra Infrastructure, Internal Revenue Service Locations: Gulf Coast, Pacific Northwest, Appalachia, Austin, Gulf
"We saw how the Russians fought in Ukraine and the mistakes they made," Brigadier General Hisham Ibrahim told The Economist. "They fought there in a single-corps fashion, instead of using combined arms tactics," he said of Russia's tank deployments. But Israel's tanks, Ibrahim said, have been trained on combined-arms tactics for several years now. Ukraine's tactics of using cheap drones and Next Generation Light Anti-Tank Weapons (NLAW) exacted a high price on Russia's tanks. As of July this year, Russia is estimated to have lost 2,000 tanks in Ukraine, The Moscow Times reported.
Persons: they've, Israel, , Hisham Ibrahim, Ibrahim, he's, Ukraine's, Sem Fellman, Mattathias Schwarz Organizations: Service, Armored Corps, Israel Defense Force's, Hamas, The Moscow Times, NLAWs Locations: Ukraine, Gaza, Russia, Israel, Ukrainian
Nearly all tech companies will integrate generative AI by the end of 2024. Respondents said they expected to use generative AI for customer support, content generation and productivity. Google Cloud Google Cloud was the third most likely cloud provider in Oppenheimer's survey to gain future AI spending share. Salesforce and AI Oppenheimer analysts said they see "durable tailwinds for customer support, content generation and code generation, which are considered priority use cases for Generative AI." We agree with this call and are in the camp that Salesforce's generative AI tools should help reaccelerate sales growth all while balancing increasing margins.
Persons: Oppenheimer's, Oppenheimer, Piper Sandler, Copilot, Piper, we've, Salesforce, Jim Cramer's, Jim Cramer, Jim, Dado Ruvic Organizations: Microsoft, Web Services, Google, Meta, AI, Adobe, CNBC Locations: OpenAI, Jasper
But the Israeli Air Force recently published photos of fighter jets armed with what experts said look like unguided bombs. Israeli Air Force personnel "arming and continuing the series of attacks," per an X post on October 12, 2023. Israeli Air ForceIsraeli Air Force aircraft outfitted with bombs. AdvertisementAdvertisementAn Israeli Air Force video posted on Monday also showed fighter jets armed with unguided bombs ahead of footage of airstrikes. The unguided munitions in the photos look noticeably different from those equipped with JDAM kits, which turn unguided munitions into precision weapons.
Persons: , it's, Israel, Michael Bohnert, Justin Bronk, Bronk, jet's, Momen Faiz, NurPhoto, JDAMs, they're, MAHMUD HAMS, Yoav Gallant Organizations: Israeli Air Force, Service, Attack Munitions, Twitter, Israeli Air Force Israeli Air Force, Rand Corporation, Royal United Services Institute, Royal Norwegian Air Force Academy, US Army Air Force, Israel Defense Forces, Air Force, Boeing, Guardian, ISIS, Hamas, Getty, Israeli Air, Israeli, IDF Locations: Israel, Gaza, Vietnam, Gaza City, AFP
North Korean leader Kim Jong Un visited Russia in September on his first overseas trip since 2019. The visit was seen as Russia's attempt to secure North Korean support for Moscow's war in Ukraine. For North Korea, Russia's desperation may be a chance to get help upgrading its aging air force. Korean People's Army Air and Anti-Air ForceSouth Korean troops guard a MiG-19 that a North Korean pilot used to defect in May 1996. KCNA via REUTERSGiven the North Korean air force's needs, it's easy to see Kim's visit as something of a prospective shopping trip.
Persons: Kim Jong Un, , Vladimir Putin, Sergei Shoigu, Kim, Putin, CHOO YOUN, Antonov, Mikhail Japaridze, Kim's, Kim strode, Shoigu, Sergey Kobylash, Denis Manturov, Kim Jong Organizations: North, Service, Russian Defense, Vostochny, Amur Aircraft, Knevichi, Korean People's Army Air, Air Force South, MiG, Getty, Air Force, North Korean, Defense Intelligence Agency, DIA, KCNA, REUTERS, Kremlin Locations: Russia, Ukraine, North Korea, Korean, Russian, Moscow, Pyongyang, KONG, AFP, Soviet Union, China, Komsomolsk, Vladivostok, Japan, Korea
Cramer's Lightning Round: Energy Transfer is a buy
  + stars: | 2023-10-13 | by ( Julie Coleman | ) www.cnbc.com   time to read: +2 min
Stock Chart Icon Stock chart icon Salesforce's year-to-date stock performance. Stock Chart Icon Stock chart icon Portillo's year-to-date stock performance. Stock Chart Icon Stock chart icon Energy Transfer's year-to-date stock performance. Stock Chart Icon Stock chart icon AbbVie's year-to-date stock performance. Stock Chart Icon Stock chart icon Oracle's year-to-date stock performance.
Persons: Salesforce, I'm, it's, you've, Let's Organizations: Communities, Energy, Realty, Realty Trust, Oracle
Russian drones dropped grenades near soldiers, a Ukrainian commander told The Washington Post. He said the goal was to figure out which side each soldier was on, based on where they ran. AdvertisementAdvertisementRussian drone pilots have dropped grenades over soldiers to try to work out which side they were on, a Ukrainian commander said. He told The Post that Russian drone pilots deployed the tactic, which was described by captured soldiers, to see if the soldiers ran toward Russian or Ukrainian lines, which would reveal which side they were on, he said. Intercepted Russian radio conversations also appeared to show Russian forces would shoot any of their own soldiers who retreated, Rollo said.
Persons: , Rollo Organizations: Washington Post, Service, Assault Brigade, Post, UK Ministry of Defence Locations: Ukrainian, Ukraine's, Russia, Andriivka, Ukraine, Russian, Donetsk
REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsWASHINGTON, Oct 11 (Reuters) - The U.S. Space Force has paused the use of web-based generative artificial intelligence tools like ChatGPT for its workforce over data security concerns, according to a memo seen by Reuters. It said the temporary ban was "due to data aggregation risks." "This is a temporary measure to protect the data of our service and Guardians," she added. Costa said in the memo that her office had formed a generative AI task force with other Pentagon offices to mull ways to use the technology in a "responsible and strategic manner." More guidance on Space Force's use of generative AI would be released in the next month, she added.
Persons: Dado Ruvic, Lisa Costa, Tanya Downsworth, Costa, Joey Roulette, Jonathan Oatis Organizations: REUTERS, Rights, U.S . Space Force, Reuters, Space Force, force's, Technology, Innovation, Air Force, Bloomberg, USSF, Thomson Locations: mull
Here's a rapid-fire update on all stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. After reducing expenses to improve margins on its retail business, Jim said it's on the right track. Costco Wholesale (COST): Costco remains one of Jim's favorite stocks in the entire our entire portfolio. Ford Motor (F): Jim expressed confidence in Ford CEO Jim Farley, as the targeted United Auto Workers strike approaches the one-month mark. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: Jim Cramer's, Jim, there's, it's, Bausch, we're, We've, Coterra, Dupont, We're, Nelson Peltz, Peltz, Estee Lauder, Patience, Fabrizio Freda, Emerson, Jim Farley, Ford, Locker, Mary Dillon, GEHC, Vimal Kapur, Bruce Broussard, Broussard, he's, Eli Lilly, Lilly, Mark Zuckerberg, Morgan Stanley, Morgan Stanley's, James Gorman, Laxman Narasimhan, Elliott, Stanley Black, Decker, Piper, Wells Fargo, Wells, Jim Cramer, Jim Cramer Rob Kim Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Apple, Federal Trade, Broadcom, VMWare, Bausch Health, Caterpillar, Costco Wholesale, Costco, Coterra Energy, Exxon Mobil, Natural Resources, Disney, ESPN, Hulu, Comcast, Emerson, National Instruments, Ford, United Auto Workers, Nike, GE Healthcare, Electric, GE, Honeywell International, Honeywell, Humana, Linde, LIN, Microsoft, Nvidia, Oracle, Alto Networks, cyberattacks, Palo Alto Networks, Procter & Gamble, Pioneer, Exxon, Constellation Brands, Elliott Management, FactSet, TJX, Marshalls, Wynn Resorts, WYNN, Jim Cramer's Charitable Locations: China, U.S, Maxx, Las Vegas, Boston, Macau, Asia
Israel's Air Force is conducting devastating airstrikes on Gaza. Israel has used these weapons to strike targets in Gaza from the air in the past, like during Operation Guardian of the Walls in May 2021. Smoke and flame rise after Israeli air forces targeting a shopping center in Gaza Strip, Gaza on October 07, 2023. —Israel War Room (@IsraelWarRoom) October 10, 2023Other videos showed compilations of JDAM attacks, as the munitions obliterated buildings leveled entire areas. IDF actions also appears to include launching Hellfire missiles from Apache helicopters against Hamas groups, resulting in massive destruction.
Persons: , Yoav Gallant, Mark Cancian, Ashraf Amra, Cancian, gunning, Israel Organizations: Israel's Air Force, Service, Israel Defense Forces, Israeli Air Force, Israel's, Air Force, doesn't, CNN, Hamas, Attack Munitions, Guardian, Center for Strategic, International Studies, Marine Corps, Anadolu Agency, Getty, US Air Force, US Navy, Air, IDF, US Defense Department, Pentagon, Apache, United Nations Locations: Gaza, Israel, US, Lebanon, Saudi Arabia, Israeli
How to get identity theft protection
  + stars: | 2023-10-09 | by ( Sarah Fielding | Paul Kim | Read More | ) www.businessinsider.com   time to read: +10 min
Here's how to get identity protection and what to look for in an identity protection service. If you have children, an identity theft protection service with a family plan or additional features to prevent child identity theft can be useful. Signs of a good identity theft protection serviceWhat you need from an identity theft protection service will vary based on your assets and needs, but the basics are relatively uniform. Red flags in identity theft protection servicesThere's no clear outline of solutions: The last thing you want from the company you're paying for identity theft protection is a lot of talking in circles. Getting identity theft protection frequently asked questionsWhat is the best identity theft protection service?
Persons: Kurt Sanger, Batten, Sanger, Michael Scheumack, Rebecca Morris, , Morris, it's Organizations: Research, US Cyber Command, Credit Monitoring, Chevron, Social Locations: United States, Chevron
Workers at Salesforce's Slack have been asked to set aside some regular duties to focus on training. This has caused frustration and creative attempts to speed through sessions, sources told Fortune. A Slack spokesperson said the firm experimented with ways to help workers focus on their priorities. AdvertisementAdvertisementSome workers at Salesforce's Slack have been frustrated at being asked to set aside regular meetings to ensure they complete internal training sessions. This has led to workers "gaming" the company's training platform to speed through the sessions, Fortune reported, citing sources.
Persons: Salesforce's Slack, Fortune, Slack, , Salesforce, Bridgitt Haarsgaard, Haarsgaard Organizations: Salesforce's, Service, Slack
Putin on Thursday said Russia's nuclear doctrine did not need updating but that he was not yet ready to say whether or not Russia needed to resume nuclear tests. The Kremlin chief said that Russia should look at revoking ratification of the Comprehensive Nuclear Test Ban Treaty (CTBT) as the United States had signed it but not ratified. Just hours after Putin's words, Russia's top lawmaker, Vyacheslav Volodin, said the legislature's bosses would swiftly consider the need to revoke Russia's ratification for the treaty. "At the next meeting of the State Duma Council, we will definitely discuss the issue of revoking the ratification of the Comprehensive Nuclear Test Ban Treaty," Volodin said. Putin's words, followed by Volodin's, indicate that Russia is almost certain to revoke ratification of the treaty, which bans nuclear explosions by everyone, everywhere.
Persons: Vyacheslav Volodin, Maxim Shemetov, Putin, Vladimir Putin, peaker Volodin, Volodin, Volodin's, Guy Faulconbridge, Sonali Paul, Stephen Coates Organizations: Nazi, REUTERS, Soviet Union, Comprehensive, Cuban Missile Crisis, Kremlin, State Duma Council, Soviet, United Nations, United, United States Air Force's National Air and Space Intelligence Center, Thomson Locations: Russia's, Nazi Germany, Red, Moscow, Russia, MOSCOW, United States, Washington, Brussels, State, Ban, Soviet Union, India, Pakistan, North Korea
[1/2] A view of Indonesian Special Air Force personnel in action during a ceremony to mark the Indonesian Air Force's 77th Anniversary at the Halim Perdanakusuma airbase in Jakarta, Indonesia, April 9, 2023. REUTERS/Willy Kurniawan/File Photo Acquire Licensing RightsJAKARTA, Oct 5 (Reuters) - Indonesian President Joko Widodo on Thursday emphasised the importance of military hardware modernisation but warned any spending should be done wisely as the state budget was limited. The archipelago nation of 270 million people, Southeast Asia's biggest economy, is seeking to modernise its military but has lagged its regional peers in recent years. "Spending for military hardware must be done wisely, in terms of the amount or allocation," Jokowi, as the president is known, said during an armed forces parade. Jokowi in July also warned his cabinet to maintain a "healthy" budget as he highlighted outsised spending by the security agencies, including the defence ministry.
Persons: Willy Kurniawan, Joko Widodo, Prabowo Subianto, Ananda Teresia, Martin Petty Organizations: Indonesian Special Air Force, Indonesian Air Force's, REUTERS, Rights, Defence, Dassault Rafale, Turkish Aerospace, Stockholm International Peace Research Institute Locations: Halim, Jakarta, Indonesia, Rights JAKARTA, Southeast, Stockholm
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