US Navy’s new submarines are ‘in crisis’ as costs balloon by $17 billion, lawmaker says
The Virginia-class submarine USS Hawaii just recently finished a historic maintenance period with the Royal Australian Navy as part of AUKUS efforts. The US Navy’s newest submarine program is expected to run $17 billion over its budget through the end of the decade as problems with once-smooth submarine construction deepen, a key House lawmaker said.…
The executive in charge of the division that has 2 astronauts stuck in space is leaving Boeing
Ted Colbert, the head of Boeing’s defense, space, and security division is leaving the company after 15 years, CEO Kelly Ortberg announced Friday in a staff memo. Ted Colbert, the head of Boeing’s defense, space, and security division is leaving the company after 15 years, CEO Kelly Ortberg told staff in a memo on Friday,…
Israel’s Iron Dome missile defense system almost didn’t get built
Israel almost didn’t develop the Iron Dome that’s now a core defense against incoming rockets. Israel today has the world’s most famous — and tested — missile defenses, including the legendary Iron Dome. But opposition from the Israeli military almost scuttled these defenses decades earlier in what amounts to a cautionary tale about the difficulties…
These big shipyards are China’s shipbuilding power players and are cranking out new warships at a breakneck pace
A handful of shipyards are most notable in contributing to China’s naval buildup. It is no secret that China’s shipbuilding capacity is unmatched on the world stage and that its shipyards are churning out new warships at a breakneck pace. Across its monstrous shipbuilding empire, a few yards stand out for their significant role in…
Israeli airstrike on Beirut killed at least 37, including the commander of a Hezbollah special forces unit
Israel and Hezbollah have been exchanging strikes since October. An Israeli airstrike on a Beirut suburb on Friday killed at least 37 people, including three children, Lebanon’s health ministry said Saturday. Two Hezbollah commanders, Ibrahim Aqil and Ahmed Wahbi, were among 16 of the group’s members to have died in the strike, the group has…
US likely to send Ukraine the AGM-154 glide weapon for its F-16s as part of a new $375M aid package: report
An AGM-154. The US will likely send Ukraine an unspecified number of AGM-154 glide munitions as part of a new $375 million aid package, Politico reported, citing two US officials and a person familiar with the matter. While the contents of the package are still subject to change, the people said, it will likely also…
Elon Musk abandons his fight in Brazil
Elon Musk, who owns X, appears to be finally giving in to authorities in Brazil. Elon Musk, the owner of X, has finally relented after a lengthy and contentious fight with Brazil’s Supreme Court. Musk had for months defied court orders to suspend certain accounts the court had deemed a threat to the country’s democracy…
Stock market today: US stocks end mixed but finish the week near record highs after the Fed’s first rate cut in 4 years
US stocks closed mostly lower on Friday, but finished the week higher by just over 1% for the S&P 500, Nasdaq 100, and Dow Jones Industrial Average. The Dow edged slightly higher in Friday’s session to clinch another record close to cap off the week. The anticipation and delivery of the Federal Reserve’s first interest…
The lawyer for Trump’s new crypto firm was accused of trying to take over another digital asset company
Former President Donald Trump campaigned in Racine, Wis., ahead of the 2024 Republican National Convention in Milwaukee. Alex Golubitsky, the general counsel of former President Donald Trump’s new cryptocurrency venture World Liberty Financial, was fired from a different cryptocurrency company, then attempted to take it over, the CEO of that company alleged in court documents.…
