3 days ago
(Bloomberg) -- Alphabet Inc.'s Google is in talks with the US Defense Department to work on a new data security effort underpinning the $185 billion Golden Dome missile defense program, according to people familiar with the matter.
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Binance Estimates $6.3 Billion Hacked in Crypto's Biggest Heist
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#billion #alphabet
Most Read from Bloomberg
Binance Estimates $6.3 Billion Hacked in Crypto's Biggest Heist
Stocks Slump as Wall Street Gets AI Wake-Up Call: Markets Wrap
Google Erases a Record $500 Billion as AI Eats Into Sales
#billion #alphabet
15 days ago
Growing security concerns in the Middle East have cast doubt over several major combat sports events scheduled in the region. Recent missile and drone attacks targeting critical infrastructure in Saudi Arabia, including Riyadh's King Khalid International Airport, have raised questions about whether upcoming sporting events can proceed as planned.
According to DW News, Ansar Allah, the Yemeni movement commonly known as the Houthis, has repeatedly targeted Riyadh airport. The report cited an October 10 attack that killed 12 people and injured around 300, adding to concerns about security in the region.
The uncertainty has also put the UFC's rumored December 5 Fight Night in the spotlight. The card is expected to feature Israel Adesanya against Shara Magomedov, but speculation has emerged that the event could be canceled or moved elsewhere. Dana White, however, has offered a different outlook, suggesting the UFC is still moving ahead with its plans for the Middle East.
The December 5 card is not the only UFC event attracting attention amid the regional tensions. UFC 333 is scheduled for October 24 in Abu Dhabi, where Alexander Volkanovski is set to defend his featherweight **** le against Movsar Evloev.
Boxing has also been caught up in the uncertainty. Canelo Alvarez's planned October 31, 2026, fight against Christian Mbilli in Riyadh could face complications, with prominent boxing figures, including WBC champion Sebastian Fundora, voicing concerns about security following the airport attacks.
#concerns
According to DW News, Ansar Allah, the Yemeni movement commonly known as the Houthis, has repeatedly targeted Riyadh airport. The report cited an October 10 attack that killed 12 people and injured around 300, adding to concerns about security in the region.
The uncertainty has also put the UFC's rumored December 5 Fight Night in the spotlight. The card is expected to feature Israel Adesanya against Shara Magomedov, but speculation has emerged that the event could be canceled or moved elsewhere. Dana White, however, has offered a different outlook, suggesting the UFC is still moving ahead with its plans for the Middle East.
The December 5 card is not the only UFC event attracting attention amid the regional tensions. UFC 333 is scheduled for October 24 in Abu Dhabi, where Alexander Volkanovski is set to defend his featherweight **** le against Movsar Evloev.
Boxing has also been caught up in the uncertainty. Canelo Alvarez's planned October 31, 2026, fight against Christian Mbilli in Riyadh could face complications, with prominent boxing figures, including WBC champion Sebastian Fundora, voicing concerns about security following the airport attacks.
#concerns
26 days ago
Ukraine on Thursday accused Russia of deliberately targeting civilians after 30 people were killed when two buses were blown up in the frontline city of Kramatorsk, in one of the deadliest single attacks for weeks.
Photos posted by local authorities showed the burnt-out metal shell of the vehicles, with the blurred-out images of bodies and debris strewn across the road.
Police said the buses were hit with a glide bomb.
The strikes come just a day after five children were among 22 killed when a Russian missile struck a five-storey apartment block in Pryluky, in the northern Chernigiv region.
"The Russians are deliberately targeting civilians," Donetsk Governor Vadym Filashkin said, accusing Moscow of flouting "every conceivable rule of warfare and norm of international humanitarian law".
#targeting #civilians #Russia
Photos posted by local authorities showed the burnt-out metal shell of the vehicles, with the blurred-out images of bodies and debris strewn across the road.
Police said the buses were hit with a glide bomb.
The strikes come just a day after five children were among 22 killed when a Russian missile struck a five-storey apartment block in Pryluky, in the northern Chernigiv region.
"The Russians are deliberately targeting civilians," Donetsk Governor Vadym Filashkin said, accusing Moscow of flouting "every conceivable rule of warfare and norm of international humanitarian law".
#targeting #civilians #Russia
27 days ago
By Olena Harmash and Vladyslav Smilianets
KYIV, Oct 7 (Reuters) - Russia pounded Ukraine with waves of missiles and drones on Wednesday, killing at least 15 people and hitting residential buildings, industrial facilities and infrastructure, Ukrainian officials said.
One Russian missile slammed into an apartment block in the northern city of Pryluky, killing at least nine people including three children, regional governor Vyacheslav Chaus said.
Dozens of rescuers picked through the rubble at the site where several sections of the five-story building collapsed, Reuters video showed.
Emergency workers used ladders to get to the upper floors of what remained of the building. Around 40 people were wounded, the governor said.
#people #reuters #least #olena
KYIV, Oct 7 (Reuters) - Russia pounded Ukraine with waves of missiles and drones on Wednesday, killing at least 15 people and hitting residential buildings, industrial facilities and infrastructure, Ukrainian officials said.
One Russian missile slammed into an apartment block in the northern city of Pryluky, killing at least nine people including three children, regional governor Vyacheslav Chaus said.
Dozens of rescuers picked through the rubble at the site where several sections of the five-story building collapsed, Reuters video showed.
Emergency workers used ladders to get to the upper floors of what remained of the building. Around 40 people were wounded, the governor said.
#people #reuters #least #olena
29 days ago
As Houthi militants in Yemen attacked ships with missiles and drones in the Red Sea early last year, top U.S. officials gathered at the Pentagon to prepare military options for President Donald Trump. Their meetings repeatedly grew tense.
On one side were Gen. Michael “Erik” Kurilla, then overseeing U.S. operations in the Middle East, and other hawks ready for action. The general was keen on military action not only against the Houthis but also against Iran, which had backed the Yemeni paramilitary group for years with weapons and training, according to people familiar with the matter. Like others, they spoke on the condition of anonymity to discuss internal government deliberations.
On the other side were officials hesitant to launch military strikes so early in the second Trump administration, including the Joint Chiefs chairman, Gen. Charles Q. Brown Jr., who suggested that new U.S. **** sments of what military action might yield would be wise before presenting the president with military options.
That triggered an abrupt response from Kurilla, people familiar with the matter said.
“General,” Kurilla said, “the time for **** sments is over.”
#military #Trump #president #options
On one side were Gen. Michael “Erik” Kurilla, then overseeing U.S. operations in the Middle East, and other hawks ready for action. The general was keen on military action not only against the Houthis but also against Iran, which had backed the Yemeni paramilitary group for years with weapons and training, according to people familiar with the matter. Like others, they spoke on the condition of anonymity to discuss internal government deliberations.
On the other side were officials hesitant to launch military strikes so early in the second Trump administration, including the Joint Chiefs chairman, Gen. Charles Q. Brown Jr., who suggested that new U.S. **** sments of what military action might yield would be wise before presenting the president with military options.
That triggered an abrupt response from Kurilla, people familiar with the matter said.
“General,” Kurilla said, “the time for **** sments is over.”
#military #Trump #president #options
1 month ago
SEOUL, Sept 20 (Reuters) - North Korea launched two missiles off its eastern coast on Sunday, its second set of tests in roughly a week and days after Pyongyang accused the US of driving tensions on the Korean Peninsula through a series of military drills.
Just three hours after launching a short-range ballistic missile (SRBM) toward the East Sea on Sunday afternoon, North Korea fired another short-range ballistic missile, according to South Korea's defence ministry.
If the subsequent launch is confirmed to be a ballistic missile, it will mark two consecutive ballistic missile tests by North Korea within a three-hour window.
South Korea's Joint Chiefs of Staff said it detected the first test firing from the Wonsan area around 3 p.m. (0600 GMT), identifying the weapon as a ballistic missile. ***** an's defence ministry also said it appeared to be a ballistic missile.
Japanese public broadcaster NHK said the projectile had come down outside ***** an's exclusive economic zone.
#sunday
Just three hours after launching a short-range ballistic missile (SRBM) toward the East Sea on Sunday afternoon, North Korea fired another short-range ballistic missile, according to South Korea's defence ministry.
If the subsequent launch is confirmed to be a ballistic missile, it will mark two consecutive ballistic missile tests by North Korea within a three-hour window.
South Korea's Joint Chiefs of Staff said it detected the first test firing from the Wonsan area around 3 p.m. (0600 GMT), identifying the weapon as a ballistic missile. ***** an's defence ministry also said it appeared to be a ballistic missile.
Japanese public broadcaster NHK said the projectile had come down outside ***** an's exclusive economic zone.
#sunday
1 month ago
For nearly as long as I've been writing for The Motley Fool, the U.S. Pentagon has wanted a laser gun. As far back as 2004, I wrote about a Northrop Grumman (NYSE: NOC) project to load a chemical oxygen iodine laser onto a Boeing (NYSE: BA) 747 and use it to shoot missiles out of the sky.
Nothing ever came of that particular project.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
But something might come of this next one.
Earlier this month, defense company AeroVironment (NASDAQ: AVAV) -- best known as a manufacturer of military drones -- said that the U.S. Army is paying it $464.8 million to produce laser weapons under the Enduring-High Energy Laser (E-HEL) program.
#project #i 've #motley
Nothing ever came of that particular project.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
But something might come of this next one.
Earlier this month, defense company AeroVironment (NASDAQ: AVAV) -- best known as a manufacturer of military drones -- said that the U.S. Army is paying it $464.8 million to produce laser weapons under the Enduring-High Energy Laser (E-HEL) program.
#project #i 've #motley
1 month ago
Ukrainian forces fired more than 1,000 drones at Russia overnight, including hundreds that were launched toward Moscow, officials said Sunday as the Kremlin was wrapping up the third and last day of its parliamentary elections.
Moscow's mayor described the wave of drones as the "largest ever" attack on the Russian capital and said there had been damage to a Moscow oil refinery and a residential building.
Across the wider Moscow region, the attack killed two people and wounded 20, local Gov. Andrei Vorobyov said. The dead were a 74-year-old man and a 44-year-old woman, he said.
Writing on social media, Ukrainian President Volodymyr Zelenskyy said that Kyiv had used a range of missiles and drones in the attack — including Ukraine's domestically made Flamingo and Pelican missiles — to hit oil and logistics facilities.
"These are billions of dollars that sustain the war machine," Zelenskyy said, referring to the financial pressure that Kyiv hopes to put on Russia's economy.
#Russia
Moscow's mayor described the wave of drones as the "largest ever" attack on the Russian capital and said there had been damage to a Moscow oil refinery and a residential building.
Across the wider Moscow region, the attack killed two people and wounded 20, local Gov. Andrei Vorobyov said. The dead were a 74-year-old man and a 44-year-old woman, he said.
Writing on social media, Ukrainian President Volodymyr Zelenskyy said that Kyiv had used a range of missiles and drones in the attack — including Ukraine's domestically made Flamingo and Pelican missiles — to hit oil and logistics facilities.
"These are billions of dollars that sustain the war machine," Zelenskyy said, referring to the financial pressure that Kyiv hopes to put on Russia's economy.
#Russia
1 month ago
The United States warned Saturday that hostilities between Saudi Arabia and Iran-backed Houthis could "escalate rapidly" after a missile attack targeted Riyadh for the first time since the Yemen conflict resumed.
US President Donald Trump cut short a weekend at Camp David, a secluded presidential complex in rural Maryland, to return unexpectedly to the White House on Saturday.
The White House gave no explanation for the early return, which comes as a new threshold was crossed in the conflict between Saudi Arabia and the Houthis, who control a large part of Yemen and are fighting government forces backed by a coalition led by Riyadh.
Loud explosions rang out twice on Saturday in the Saudi capital, where AFP journalists saw a fuel tank bearing the logo of oil giant Aramco on fire near the airport.
"This military conflict has the potential to escalate rapidly," the US State Department warned, adding American citizens outside the Middle East should "seriously reconsider travel to and through the region".
#saturday #arabia #riyadh #white
US President Donald Trump cut short a weekend at Camp David, a secluded presidential complex in rural Maryland, to return unexpectedly to the White House on Saturday.
The White House gave no explanation for the early return, which comes as a new threshold was crossed in the conflict between Saudi Arabia and the Houthis, who control a large part of Yemen and are fighting government forces backed by a coalition led by Riyadh.
Loud explosions rang out twice on Saturday in the Saudi capital, where AFP journalists saw a fuel tank bearing the logo of oil giant Aramco on fire near the airport.
"This military conflict has the potential to escalate rapidly," the US State Department warned, adding American citizens outside the Middle East should "seriously reconsider travel to and through the region".
#saturday #arabia #riyadh #white
2 months ago
GENEVA (AP) — Human rights experts commissioned by the U.N.'s top human rights body say they have found "reasonable grounds" to believe the United States committed war crimes in two strikes in Iran, including on a school in the southern city of Minab.
The international fact-finding mission on Iran says the findings center on a pair of airstrikes that killed at least 178 civilians, including women and children.
At the start of the U.S.-Israeli war against Iran in February, at least one U.S. missile hit the Shajareh Tayyebeh school in Minab, according to an ****** ociated Press investigation. There has been no final accounting of what happened. Iranian state media have said 168 people were killed in the strike, most of them children.
"Following the United States and Israeli attacks on 28 February, the mission found reasonable grounds to believe the United States committed the war crime of launching indiscriminate attacks resulting in the loss of life or injury to civilians or damage to civilian objects," the fact-finding team said in a statement.
The Trump administration has yet to directly accept the blame or release findings of a Pentagon investigation into the school bombing.
#school
The international fact-finding mission on Iran says the findings center on a pair of airstrikes that killed at least 178 civilians, including women and children.
At the start of the U.S.-Israeli war against Iran in February, at least one U.S. missile hit the Shajareh Tayyebeh school in Minab, according to an ****** ociated Press investigation. There has been no final accounting of what happened. Iranian state media have said 168 people were killed in the strike, most of them children.
"Following the United States and Israeli attacks on 28 February, the mission found reasonable grounds to believe the United States committed the war crime of launching indiscriminate attacks resulting in the loss of life or injury to civilians or damage to civilian objects," the fact-finding team said in a statement.
The Trump administration has yet to directly accept the blame or release findings of a Pentagon investigation into the school bombing.
#school
2 months ago
On August 14, the Pentagon announced framework agreements with The Boeing Company (NYSE:BA) and RTX Corporation (NYSE:RTX) to increase component production for the SM-3 Block IIA and SM-3 Block IB interceptors. Both agreements are intended to increase the output of a group of ship-fired, surface-to-air interceptors that serve as the foundation for the Aegis Ballistic Missile Defense System, the sea-based shield used by the US Navy to intercept ballistic missiles.
The announcement had little impact on the shares of both companies, with The Boeing Company (NYSE:BA) down around 0.4% and RTX Corporation (NYSE:RTX) down about 1% during the day.
RTX Corporation (NYSE:RTX) alone inked five separate Pentagon deals earlier this year to greatly boost output of Tomahawk cruise missiles, AMRAAM air-to-air missiles, and the Standard Missile family, with Tomahawk production expected to increase sixteenfold, from approximately 60 to 1,000 units per year.
Congress has provided financial support for the effort. The 2026 defense spending bill provided multiyear procurement authority for eight critical munitions and more than $6.3 billion for 13 critical munitions, while the Pentagon's fiscal 2027 budget request calls for roughly $95 billion in missile procurement.
Rising tensions with Iran have added urgency to rebuild US missile inventories. During the June 2025 12-day Israel-Iran war, US forces reportedly used more than 150 THAAD interceptors. This highlights the pressure that sustained conflict can place on American missile-defense stockpiles.
#missile #corporation #missiles #pentagon
The announcement had little impact on the shares of both companies, with The Boeing Company (NYSE:BA) down around 0.4% and RTX Corporation (NYSE:RTX) down about 1% during the day.
RTX Corporation (NYSE:RTX) alone inked five separate Pentagon deals earlier this year to greatly boost output of Tomahawk cruise missiles, AMRAAM air-to-air missiles, and the Standard Missile family, with Tomahawk production expected to increase sixteenfold, from approximately 60 to 1,000 units per year.
Congress has provided financial support for the effort. The 2026 defense spending bill provided multiyear procurement authority for eight critical munitions and more than $6.3 billion for 13 critical munitions, while the Pentagon's fiscal 2027 budget request calls for roughly $95 billion in missile procurement.
Rising tensions with Iran have added urgency to rebuild US missile inventories. During the June 2025 12-day Israel-Iran war, US forces reportedly used more than 150 THAAD interceptors. This highlights the pressure that sustained conflict can place on American missile-defense stockpiles.
#missile #corporation #missiles #pentagon
2 months ago
Brent crude climbed above $108 a barrel on Tuesday as traders grew increasingly uncertain about when Saudi Arabia's East-West Pipeline would reopen, with fresh Houthi attacks on the kingdom and suspended oil loadings at its Red Sea export terminal adding to supply fears.
By 1:00 p.m. ET, Brent futures had climbed 3% to $108.88 per barrel, with U.S. West Texas Intermediate up 4.7% at $106.12. A close at those levels would mark the highest settlement for either contract in close to four months, according to Reuters. Prices have risen around 20% this month as fighting in the Persian Gulf has escalated.
According to shipping industry sources who spoke with Reuters, crude loadings at the Yanbu terminal on Saudi Arabia's Red Sea coast had been halted as of Tuesday. Separately, sources told Reuters that Saudi officials had notified European buyers that certain crude shipments scheduled for late September would not proceed.
Saudi Arabia shut down the East-West Pipeline after drone attacks originating from Iraq struck it last week, forcing the kingdom to halt the export route it had been using to bypass the Strait of Hormuz during the U.S.-Iran war. The pipeline can move up to 7 million barrels per day. Saudi officials have described the closure as a precautionary measure but have not provided a damage ******* sment or a timeline for resuming operations. U.K. authorities fear the pipeline may remain mostly shut for six weeks, according to Bloomberg.
Iran-backed Houthi militants in Yemen carried out additional strikes on Saudi Arabia on Monday. According to a spokesperson for the Saudi-led military coalition in Yemen, the group fired drones and ballistic missiles targeting the cities of Khamis Mushait, Abha, and Taif. According to Reuters, the Houthis claimed to have struck a military air base in Khamis Mushait, with their stated targets including hangars, radar installations, runway infrastructure, and stores of ammunition.
#west #east
By 1:00 p.m. ET, Brent futures had climbed 3% to $108.88 per barrel, with U.S. West Texas Intermediate up 4.7% at $106.12. A close at those levels would mark the highest settlement for either contract in close to four months, according to Reuters. Prices have risen around 20% this month as fighting in the Persian Gulf has escalated.
According to shipping industry sources who spoke with Reuters, crude loadings at the Yanbu terminal on Saudi Arabia's Red Sea coast had been halted as of Tuesday. Separately, sources told Reuters that Saudi officials had notified European buyers that certain crude shipments scheduled for late September would not proceed.
Saudi Arabia shut down the East-West Pipeline after drone attacks originating from Iraq struck it last week, forcing the kingdom to halt the export route it had been using to bypass the Strait of Hormuz during the U.S.-Iran war. The pipeline can move up to 7 million barrels per day. Saudi officials have described the closure as a precautionary measure but have not provided a damage ******* sment or a timeline for resuming operations. U.K. authorities fear the pipeline may remain mostly shut for six weeks, according to Bloomberg.
Iran-backed Houthi militants in Yemen carried out additional strikes on Saudi Arabia on Monday. According to a spokesperson for the Saudi-led military coalition in Yemen, the group fired drones and ballistic missiles targeting the cities of Khamis Mushait, Abha, and Taif. According to Reuters, the Houthis claimed to have struck a military air base in Khamis Mushait, with their stated targets including hangars, radar installations, runway infrastructure, and stores of ammunition.
#west #east
2 months ago
Moscow is preparing for a final test of a new ballistic missile capable of striking targets hundreds of miles away and potentially maneuvering in ways that could challenge Ukraine's already strained air defenses, a defense ******* yst warned Monday.
The warning comes as Ukrainian military officials said that Russia could conduct the test in the coming months and potentially in live-fire strikes.
"According to our estimates, Russia plans to conduct final tests of a new type of ballistic missile with a range of up to 800 km by the end of this year," Vadym Skibitskyi, deputy head of the Defence Intelligence of Ukraine (DIU), said at a meeting of the Ukraine-NATO Interparliamentary Council, according to Ukrainian news outlet Ukrainska Pravda.
"If, for instance, this 800-kilometer missile has more advanced maneuverability, well then that's going to create greater problems for Ukraine in that they're going to need the more sophisticated interceptors to get them," Tom Karako, director of the Missile Defense Project at the Center for Strategic and International Studies, told Fox News Digital.
Russia Deploys North Korean Missile Unit To Ukraine; Moscow-pyongyang Axis Deepens: Report
#ukrainian #defense #ballistic
The warning comes as Ukrainian military officials said that Russia could conduct the test in the coming months and potentially in live-fire strikes.
"According to our estimates, Russia plans to conduct final tests of a new type of ballistic missile with a range of up to 800 km by the end of this year," Vadym Skibitskyi, deputy head of the Defence Intelligence of Ukraine (DIU), said at a meeting of the Ukraine-NATO Interparliamentary Council, according to Ukrainian news outlet Ukrainska Pravda.
"If, for instance, this 800-kilometer missile has more advanced maneuverability, well then that's going to create greater problems for Ukraine in that they're going to need the more sophisticated interceptors to get them," Tom Karako, director of the Missile Defense Project at the Center for Strategic and International Studies, told Fox News Digital.
Russia Deploys North Korean Missile Unit To Ukraine; Moscow-pyongyang Axis Deepens: Report
#ukrainian #defense #ballistic
2 months ago
Forreston 53, Dakota 14: The Cardinals (3-1, 1-1 NUIC) led 53-0 at halftime in the home win. Liam Setterstrom led the ground game with 86 yards and a score. Eli Ferris returned the opening kick for a TD and had a 28-yard rushing score.
Stockton 40, Morrison 3: The Blackhawks rolled to a home win after scoring all 40 points in the first half. Stockton (3-1, 2-0 NUIC) has allowed just 11 points its last three games after opening the season wiith a 41-20 setback to El Paso-Gridley.
Polo 70, Milledgeville 14: The Marcos (4-0) rolled in the Battle of the Blacktop game as Mercer Mumford had four rushing TDs and 161 yards. Jordan Reed also threw a TD to Ryder Faivre. Kyson Francis had two rushing scores for the Missiles. Polo led 38-8 after the first quarter.
West Carroll 68, River Ridge 6: The Thunder improved to 3-1 after bouncing back from last week's close loss to Amboy.
Boys golf
#game
Stockton 40, Morrison 3: The Blackhawks rolled to a home win after scoring all 40 points in the first half. Stockton (3-1, 2-0 NUIC) has allowed just 11 points its last three games after opening the season wiith a 41-20 setback to El Paso-Gridley.
Polo 70, Milledgeville 14: The Marcos (4-0) rolled in the Battle of the Blacktop game as Mercer Mumford had four rushing TDs and 161 yards. Jordan Reed also threw a TD to Ryder Faivre. Kyson Francis had two rushing scores for the Missiles. Polo led 38-8 after the first quarter.
West Carroll 68, River Ridge 6: The Thunder improved to 3-1 after bouncing back from last week's close loss to Amboy.
Boys golf
#game
2 months ago
The desperate pleas for air cover from Yemeni generals started coming mid-morning on Thursday. An advance by the Iran-backed Houthis toward Yemen's strategic port city of Mocha was in full swing, and backup support from chief ally Saudi Arabia was nowhere in sight.
"The Houthis committed everything they had – waves upon waves of fighters … along with their available ballistic missiles and weapons," a senior Yemeni source attached to their military forces told CNN. The source said he contacted the United States Central Command (CENTCOM) and was ******* ured the US was "watching the situation closely and that Saudi air support was coming."
"But the air support never came," the source said. "And Mocha has now fallen."
Hours later, on Friday, the Houthis captured another key coastal ******* et, Perim Island, at the mouth of the Red Sea. The island splits the Bab al-Mandeb Strait in two, giving Tehran de facto control over another key shipping route.
The Houthis' rapid advance amounts to an extraordinary 36 hours in a conflict that had been largely on ice for years. But the kindling for renewed fighting had been laid for months amid the conflict between the United States and Iran, as Tehran seeks to use oil prices – and their impact on the global economy – as leverage.
#saudi
"The Houthis committed everything they had – waves upon waves of fighters … along with their available ballistic missiles and weapons," a senior Yemeni source attached to their military forces told CNN. The source said he contacted the United States Central Command (CENTCOM) and was ******* ured the US was "watching the situation closely and that Saudi air support was coming."
"But the air support never came," the source said. "And Mocha has now fallen."
Hours later, on Friday, the Houthis captured another key coastal ******* et, Perim Island, at the mouth of the Red Sea. The island splits the Bab al-Mandeb Strait in two, giving Tehran de facto control over another key shipping route.
The Houthis' rapid advance amounts to an extraordinary 36 hours in a conflict that had been largely on ice for years. But the kindling for renewed fighting had been laid for months amid the conflict between the United States and Iran, as Tehran seeks to use oil prices – and their impact on the global economy – as leverage.
#saudi
2 months ago
Sept 10 (Reuters) - The Israeli military destroyed Hezbollah underground infrastructure at the Ali al-Taher ridge in southern Lebanon, Prime Minister Benjamin Netanyahu and Defence Minister Israel Katz said on Thursday, adding that the operation completed the consolidation of a security zone in the area.
Israeli forces would remain in the area to prevent the Iran-aligned Hezbollah militant group from re-establishing its presence and rebuilding its capabilities, the two officials said in a joint statement.
The Ali al-Taher ridge, about 15 km (10 miles) from the Israeli border, has become one of the most contested areas of the war between Israel and Hezbollah. Hezbollah is believed to have built an underground command centre and weapons stores there, according to Lebanese security sources who spoke to Reuters in July.
Lebanon's state news agency NNA said the Israeli military carried out a powerful blast at the ridge, with tremors and the sound of the explosion felt across Nabatieh and surrounding areas.
The Israeli military said its forces had established "operational control" over the ridge, both above and below ground, before dismantling the infrastructure. The network extended for more than 2 km (1.24 miles) and contained dozens of rockets, missiles and drones, as well as anti-tank missiles, mines and explosive devices, it said.
#israeli #hezbollah #minister #infrastructure
Israeli forces would remain in the area to prevent the Iran-aligned Hezbollah militant group from re-establishing its presence and rebuilding its capabilities, the two officials said in a joint statement.
The Ali al-Taher ridge, about 15 km (10 miles) from the Israeli border, has become one of the most contested areas of the war between Israel and Hezbollah. Hezbollah is believed to have built an underground command centre and weapons stores there, according to Lebanese security sources who spoke to Reuters in July.
Lebanon's state news agency NNA said the Israeli military carried out a powerful blast at the ridge, with tremors and the sound of the explosion felt across Nabatieh and surrounding areas.
The Israeli military said its forces had established "operational control" over the ridge, both above and below ground, before dismantling the infrastructure. The network extended for more than 2 km (1.24 miles) and contained dozens of rockets, missiles and drones, as well as anti-tank missiles, mines and explosive devices, it said.
#israeli #hezbollah #minister #infrastructure
2 months ago
Wall Street has bid up defense contractors on geopolitical tensions alongside expanded missile-defense funding, but Northrop Grumman Corporation (NYSE:NOC) remains an outlier. On September 4, 2026, the company secured a $508.5 million Missile Defense Agency contract for ICBM and IRBM target flight-test support running through 2035. The non-competitive contract follows the $3 billion (approx.) in framework agreements to expand solid-rocket-motor production for PAC-3 and THAAD interceptors. Despite these bookings, stock slipped 2.5% to $515. The stock is trading near 16 times earnings and 33% below its peak, making Northrop one of the lowest-multiple prime defense contractors.
Northrop is one of the largest-cap defense contractors with exposure to Golden Dome through ******* e sensors and interceptors, while the Sentinel ICBM and the B-21 bomber provide additional exposure to broader U.S. strategic modernization. The recent bookings back that up: the $508.5 million MDA award, the ~$3 billion PAC-3 and THAAD agreements that will double and triple solid-rocket-motor capacity, and $1.4 billion of IBCS-related U.S. and Polish air-and-missile-defense awards announced in 2025. The latest MDA contract includes cost-plus, cost-reimbursable, and fixed-price-incentive elements, which reduce some financial exposure compared with purely fixed-price development work. Long-term missile-shield funding, however, remains tied to both political and defense bets. Legislative approval introduces timing risk, but the bull thesis is already working.
Execution problems explain the valuation discount. The Sentinel ICBM program triggered a critical Nunn-McCurdy breach after projected costs rose 81% to roughly $141 billion, forcing a Pentagon program restructuring. Concurrently, low-rate initial production on the B-21 bomber generated approximately $2 billion in pre-tax charges on fixed-price commitments. Management must demonstrate that these losses have ceased. Till then, multiple expansion will remain limited. Lockheed trades at roughly 19 times earnings compared with Northrop at about 16 times.
Institutional positioning does not point to aggressiveness in short trades. Our Insider Monkey database tracked 59 hedge funds holding NOC in the second quarter of 2026, compared to 62 in the first quarter. Short interest sits at 1.7% of the float, representing a low number of bets against the stock. Paired with -0.11 beta and a 1.9% dividend yield, the stock offers portfolio diversification at a discounted entry multiple.
#northrop
Northrop is one of the largest-cap defense contractors with exposure to Golden Dome through ******* e sensors and interceptors, while the Sentinel ICBM and the B-21 bomber provide additional exposure to broader U.S. strategic modernization. The recent bookings back that up: the $508.5 million MDA award, the ~$3 billion PAC-3 and THAAD agreements that will double and triple solid-rocket-motor capacity, and $1.4 billion of IBCS-related U.S. and Polish air-and-missile-defense awards announced in 2025. The latest MDA contract includes cost-plus, cost-reimbursable, and fixed-price-incentive elements, which reduce some financial exposure compared with purely fixed-price development work. Long-term missile-shield funding, however, remains tied to both political and defense bets. Legislative approval introduces timing risk, but the bull thesis is already working.
Execution problems explain the valuation discount. The Sentinel ICBM program triggered a critical Nunn-McCurdy breach after projected costs rose 81% to roughly $141 billion, forcing a Pentagon program restructuring. Concurrently, low-rate initial production on the B-21 bomber generated approximately $2 billion in pre-tax charges on fixed-price commitments. Management must demonstrate that these losses have ceased. Till then, multiple expansion will remain limited. Lockheed trades at roughly 19 times earnings compared with Northrop at about 16 times.
Institutional positioning does not point to aggressiveness in short trades. Our Insider Monkey database tracked 59 hedge funds holding NOC in the second quarter of 2026, compared to 62 in the first quarter. Short interest sits at 1.7% of the float, representing a low number of bets against the stock. Paired with -0.11 beta and a 1.9% dividend yield, the stock offers portfolio diversification at a discounted entry multiple.
#northrop
2 months ago
Former LSU center Kate Koval has been granted a waiver by the NCAA to enter the transfer portal. The junior will be immediately eligible to compete for her next school, according to several reports.
The 6-foot-5 Ukrainian native decided to leave the LSU program two weeks ago for what was announced as "personal reasons." Speculation followed that Koval's decision was spurred by LSU coach Kim Mulkey adding Russian center Anna Minaeva to the roster.
Koval confirmed that was her reason for leaving LSU in a social media post.
"At the conclusion of last season, I fully intended to return and continue my collegiate career at LSU," Koval wrote. "However, in April, several days after the transfer portal had closed, I was informed of the decision to sign a Russian player."
"My father serves in the Ukrainian military and takes tremendous pride in defending his country against Russian aggression," she continued. "For me, this war is not distant or abstract. People close to me have been killed and wounded in Russian attacks, and places where I grew up and first began playing basketball have been destroyed by missile strikes."
#koval #ukrainian #several #kate
The 6-foot-5 Ukrainian native decided to leave the LSU program two weeks ago for what was announced as "personal reasons." Speculation followed that Koval's decision was spurred by LSU coach Kim Mulkey adding Russian center Anna Minaeva to the roster.
Koval confirmed that was her reason for leaving LSU in a social media post.
"At the conclusion of last season, I fully intended to return and continue my collegiate career at LSU," Koval wrote. "However, in April, several days after the transfer portal had closed, I was informed of the decision to sign a Russian player."
"My father serves in the Ukrainian military and takes tremendous pride in defending his country against Russian aggression," she continued. "For me, this war is not distant or abstract. People close to me have been killed and wounded in Russian attacks, and places where I grew up and first began playing basketball have been destroyed by missile strikes."
#koval #ukrainian #several #kate
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2 months ago
Former LSU center Kate Koval is officially in the transfer portal and will be immediately eligible to compete after being granted a waiver, a source confirmed to The Athletic. The source spoke on the condition of anonymity because the source was not authorized to speak publicly about the situation.
Per NCAA rules, waivers to transfer outside of sport-specific transfer windows are granted only in an "exigent event outside the student-athlete's control unrelated to athletics opportunities or participation at their current institution that demands the student-athlete's immediate departure from the institution."
Koval, who was born and raised in Ukraine, recently said in an Instagram post that she was departing from LSU due to the Tigers' signing of Russian center Anna Minaeva, who had played for a professional team in Moscow. In late August, LSU had announced that Koval was leaving the program for "personal reasons."
"For me, this war is not distant or abstract," Koval wrote in her social media post. "People close to me have been killed and wounded in Russian attacks, and places where I grew up and first began playing basketball have been destroyed by missile strikes."
Koval's father serves in the Ukrainian military, which has been at war since Russia's 2022 invasion.
#source #granted
Per NCAA rules, waivers to transfer outside of sport-specific transfer windows are granted only in an "exigent event outside the student-athlete's control unrelated to athletics opportunities or participation at their current institution that demands the student-athlete's immediate departure from the institution."
Koval, who was born and raised in Ukraine, recently said in an Instagram post that she was departing from LSU due to the Tigers' signing of Russian center Anna Minaeva, who had played for a professional team in Moscow. In late August, LSU had announced that Koval was leaving the program for "personal reasons."
"For me, this war is not distant or abstract," Koval wrote in her social media post. "People close to me have been killed and wounded in Russian attacks, and places where I grew up and first began playing basketball have been destroyed by missile strikes."
Koval's father serves in the Ukrainian military, which has been at war since Russia's 2022 invasion.
#source #granted
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2 months ago
September S&P 500 E-Mini futures (ESU26) are down -0.27% this morning as escalating hostilities in the Middle East pushed oil prices higher, fueling inflation concerns and sapping risk appetite.
Oil prices climbed on Wednesday as fighting between the U.S. and Iran intensified, with no clear path toward de-escalation in sight. Brent crude rose above $100 a barrel for the first time since July, while WTI crude climbed above $95 a barrel. The U.S. military destroyed five Iranian tankers on Tuesday in retaliation for attempts to strike a U.S. Navy warship with ballistic missiles, according to Central Command. Iran responded by launching ballistic missiles at Jordan and issuing a warning to ships in the Persian Gulf.
Dear Nvidia Stock Fans, Mark Your Calendars for September 10
Rocket Lab Keeps Landing Defense Deals. Here's Why ****** ysts Aren't Getting More Bullish.
Why Stifel Just Revamped Its Price Target for Microsoft Stock
#Iran #Stock #prices
Oil prices climbed on Wednesday as fighting between the U.S. and Iran intensified, with no clear path toward de-escalation in sight. Brent crude rose above $100 a barrel for the first time since July, while WTI crude climbed above $95 a barrel. The U.S. military destroyed five Iranian tankers on Tuesday in retaliation for attempts to strike a U.S. Navy warship with ballistic missiles, according to Central Command. Iran responded by launching ballistic missiles at Jordan and issuing a warning to ships in the Persian Gulf.
Dear Nvidia Stock Fans, Mark Your Calendars for September 10
Rocket Lab Keeps Landing Defense Deals. Here's Why ****** ysts Aren't Getting More Bullish.
Why Stifel Just Revamped Its Price Target for Microsoft Stock
#Iran #Stock #prices
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2 months ago
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Gold (GC=F) December futures opened at $4,399 per troy ounce on Wednesday, September 9, 2026, down 0.9% from Tuesday's closing price. Gold moved back higher in early trading this morning to $4,438.20 per troy ounce as of 6:34 a.m. ET.
Exactly one week ago, our headline here was "Gold slips further as military actions escalate in Iran." And that's exactly the headline news yet again.
Oil prices (BZ=F) are currently over $100 a barrel, as gold opens at its lowest value in a week, following reports that the U.S. military destroyed five more Iranian oil tankers in response to Iranian attacks on U.S. warships:
U.S. Central Command (Centcom) announced late on Tuesday that American forces had destroyed five Iranian crude oil carriers, once again claiming that it was in response to the IRGC targeting a U.S. Navy warship with ballistic missiles. Four of the carriers, M/T Kaviz, M/T Charminar, M/T Horizon 1, and M/T Riesco, were destroyed in the Gulf of Oman. One of the carriers, M/T Derya, was struck near Kharg Island.
#Gold #military
Gold (GC=F) December futures opened at $4,399 per troy ounce on Wednesday, September 9, 2026, down 0.9% from Tuesday's closing price. Gold moved back higher in early trading this morning to $4,438.20 per troy ounce as of 6:34 a.m. ET.
Exactly one week ago, our headline here was "Gold slips further as military actions escalate in Iran." And that's exactly the headline news yet again.
Oil prices (BZ=F) are currently over $100 a barrel, as gold opens at its lowest value in a week, following reports that the U.S. military destroyed five more Iranian oil tankers in response to Iranian attacks on U.S. warships:
U.S. Central Command (Centcom) announced late on Tuesday that American forces had destroyed five Iranian crude oil carriers, once again claiming that it was in response to the IRGC targeting a U.S. Navy warship with ballistic missiles. Four of the carriers, M/T Kaviz, M/T Charminar, M/T Horizon 1, and M/T Riesco, were destroyed in the Gulf of Oman. One of the carriers, M/T Derya, was struck near Kharg Island.
#Gold #military
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2 months ago
By Enas Alashray, Nayera Abdallah and Jana Choukeir
CAIRO/DUBAI, Sept 8 (Reuters) - Yemen's Tehran-backed Houthis attacked four cities in the south of U.S. ally Saudi Arabia on Tuesday, wounding more than 70 people and setting oil installations ablaze in what appeared to be a major expansion of the six-month-old Middle East war.
The Houthis, who control most of Yemen's populated areas including the capital, said they had launched a broad operation deep into Saudi territory. They used drones and missiles to strike a Saudi airbase in the southern city of Khamis Mushair, and targets belonging to Saudi Arabia's state oil company in nearby Abha, Najran on the Yemeni border and Jazan, a major Red Sea port.
Saudi authorities described blazes at the sites and said women and children were among the 73 people hurt. The reports of such large numbers of wounded suggested the attacks were among the biggest carried out against Saudi Arabia since the United States and Israel launched their war against Iran in February.
Confirmed images of the aftermath of the attacks in the Saudi cities were not immediately available. The Houthis released pictures of an explosion of what they said were trucks from Saudi Arabia they had struck at the border in another area.
#saudi #major #enas
CAIRO/DUBAI, Sept 8 (Reuters) - Yemen's Tehran-backed Houthis attacked four cities in the south of U.S. ally Saudi Arabia on Tuesday, wounding more than 70 people and setting oil installations ablaze in what appeared to be a major expansion of the six-month-old Middle East war.
The Houthis, who control most of Yemen's populated areas including the capital, said they had launched a broad operation deep into Saudi territory. They used drones and missiles to strike a Saudi airbase in the southern city of Khamis Mushair, and targets belonging to Saudi Arabia's state oil company in nearby Abha, Najran on the Yemeni border and Jazan, a major Red Sea port.
Saudi authorities described blazes at the sites and said women and children were among the 73 people hurt. The reports of such large numbers of wounded suggested the attacks were among the biggest carried out against Saudi Arabia since the United States and Israel launched their war against Iran in February.
Confirmed images of the aftermath of the attacks in the Saudi cities were not immediately available. The Houthis released pictures of an explosion of what they said were trucks from Saudi Arabia they had struck at the border in another area.
#saudi #major #enas
2 months ago
WASHINGTON (AP) — Iran state media on Monday said a ballistic missile with improved capabilities was demonstrating a new doctrine: Tehran "will take action against any threat, even before it is carried out."
The report by Iran's state news agency repeatedly cited comments aired on state TV the day before by the head of Iran's Supreme National Security Council, Mohsen Rezaei, who boasted of new missile capability and claimed it had been "tested" against a U.S. warship. But it was not clear whether what was tested was the missile the new report described, the solid-fueled Qassem Basir.
The U.S. on Saturday said ballistic missiles were launched at U.S. warships and it struck three Iranian oil tankers in response. Experts called the launch a dangerous escalation, noting that until then Iran's attacks at sea had targeted commercial shipping during six months of war. The U.S. said the warships evaded the attacks.
Iran's messaging in recent days has become more ***** ertive, and Monday's report said the Qassem Basir marks "a turning point in Iran's defense strategy." It described the missile as having greater range and accuracy and a half-ton warhead. The missile was unveiled last year, when it was described as having at least a 1,200-kilometer (745-mile) range.
Concerns about Iran's ballistic missile program were one of the stated reasons the U.S. and Israel attacked Iran early this year, sparking the war.
#missile #described #Iran #tested
The report by Iran's state news agency repeatedly cited comments aired on state TV the day before by the head of Iran's Supreme National Security Council, Mohsen Rezaei, who boasted of new missile capability and claimed it had been "tested" against a U.S. warship. But it was not clear whether what was tested was the missile the new report described, the solid-fueled Qassem Basir.
The U.S. on Saturday said ballistic missiles were launched at U.S. warships and it struck three Iranian oil tankers in response. Experts called the launch a dangerous escalation, noting that until then Iran's attacks at sea had targeted commercial shipping during six months of war. The U.S. said the warships evaded the attacks.
Iran's messaging in recent days has become more ***** ertive, and Monday's report said the Qassem Basir marks "a turning point in Iran's defense strategy." It described the missile as having greater range and accuracy and a half-ton warhead. The missile was unveiled last year, when it was described as having at least a 1,200-kilometer (745-mile) range.
Concerns about Iran's ballistic missile program were one of the stated reasons the U.S. and Israel attacked Iran early this year, sparking the war.
#missile #described #Iran #tested
2 months ago
DUBAI, Sept 7 (Reuters) - The United Arab Emirates is building alternative routes for its energy exports and trade to ensure they are not "held hostage" by the ongoing war between the U.S. and Iran, UAE presidential adviser Anwar Gargash said on Monday.
The conflict has had a significant impact on Gulf Arab states, including the UAE, after Tehran fired missiles at the country and attacked its oil tankers in the Strait of Hormuz.
"Our energy exports will not be held hostage, nor will our trade and economic activity," Gargash told the Hili Forum in Abu Dhabi.
The UAE has been expanding port capacity along its eastern coast, as well as developing pipelines, railways and trade routes for alternative corridors, he said.
While acknowledging that relations with Iran could eventually recover, Gargash warned that rebuilding trust after the attacks could take decades.
#gargash #arab #energy #hostage
The conflict has had a significant impact on Gulf Arab states, including the UAE, after Tehran fired missiles at the country and attacked its oil tankers in the Strait of Hormuz.
"Our energy exports will not be held hostage, nor will our trade and economic activity," Gargash told the Hili Forum in Abu Dhabi.
The UAE has been expanding port capacity along its eastern coast, as well as developing pipelines, railways and trade routes for alternative corridors, he said.
While acknowledging that relations with Iran could eventually recover, Gargash warned that rebuilding trust after the attacks could take decades.
#gargash #arab #energy #hostage
2 months ago
CAIRO (AP) — The new head of Iran's Supreme National Security Council on Sunday said Tehran plans to announce an "exclusion zone" outside the Strait of Hormuz aimed at vessels it believes are attempting to transit the waterway.
Mohsen Rezaei's comments to Iran's state broadcaster came with few details, a day after the U.S. struck three Iranian oil tankers in response to Tehran launching ballistic missiles at U.S. warships. Experts called the launches a dangerous escalation after Iran's previous attacks at sea targeted commercial shipping.
The new zone should be announced in the coming days and weeks and "will begin from the line of the U.S. naval blockade, extend toward the Strait of Hormuz, and from this side continue into the Persian Gulf," Rezaei said. "Any ship that enters this area with the intention of passing through the Strait of Hormuz and is identified will be placed on our sanctions list."
It is not clear where Iran defines the location of the weekslong U.S. blockade, which is aimed at Iranian ports and keeping Tehran from shipping out its oil. The U.S. military has said over 20 warships are supporting the blockade, which as of Sunday had redirected 92 commercial ships and disabled three.
The U.S. has been introducing new measures to increase the economic pain on Iran after negotiations collapsed and no end to the intermittent fighting appears in sight. Meanwhile, Iran continues to attack some ships trying to transit the strait, which has become an important source of leverage for Tehran in the war that began Feb. 28 with U.S. and Israeli strikes.
#strait
Mohsen Rezaei's comments to Iran's state broadcaster came with few details, a day after the U.S. struck three Iranian oil tankers in response to Tehran launching ballistic missiles at U.S. warships. Experts called the launches a dangerous escalation after Iran's previous attacks at sea targeted commercial shipping.
The new zone should be announced in the coming days and weeks and "will begin from the line of the U.S. naval blockade, extend toward the Strait of Hormuz, and from this side continue into the Persian Gulf," Rezaei said. "Any ship that enters this area with the intention of passing through the Strait of Hormuz and is identified will be placed on our sanctions list."
It is not clear where Iran defines the location of the weekslong U.S. blockade, which is aimed at Iranian ports and keeping Tehran from shipping out its oil. The U.S. military has said over 20 warships are supporting the blockade, which as of Sunday had redirected 92 commercial ships and disabled three.
The U.S. has been introducing new measures to increase the economic pain on Iran after negotiations collapsed and no end to the intermittent fighting appears in sight. Meanwhile, Iran continues to attack some ships trying to transit the strait, which has become an important source of leverage for Tehran in the war that began Feb. 28 with U.S. and Israeli strikes.
#strait
2 months ago
DUBAI, Sept 6 (Reuters) - Iran said it will step up efforts to tackle problems created by the U.S. sanctions that are crippling its economy, while a senior Iranian official warned of a "painful response" if it comes under further attack.
Six months after U.S.-Israeli strikes against Iran, the war appears to be at a stalemate. A preliminary ceasefire accord reached in June has unravelled and little progress has been made in diplomatic efforts to get the peace process back on track.
After a pause in military action for much of August, ******* -for-tat strikes have resumed with U.S. Central Command saying it hit three Iranian tankers on Saturday after Iran's Islamic Revolutionary Guard Corps launched ballistic missiles at two U.S. Navy ships.
Following the attacks, Iran's Parliament Speaker Mohammad Baqer Qalibaf said on Sunday that the U.S. should understand that the rules of the game in the war against Iran have changed "before it is too late".
"From now on, any attack against Iran's interests and security will receive a faster, heavier and more painful response," he said in a speech published on his Telegram channel.
#Iran #painful
Six months after U.S.-Israeli strikes against Iran, the war appears to be at a stalemate. A preliminary ceasefire accord reached in June has unravelled and little progress has been made in diplomatic efforts to get the peace process back on track.
After a pause in military action for much of August, ******* -for-tat strikes have resumed with U.S. Central Command saying it hit three Iranian tankers on Saturday after Iran's Islamic Revolutionary Guard Corps launched ballistic missiles at two U.S. Navy ships.
Following the attacks, Iran's Parliament Speaker Mohammad Baqer Qalibaf said on Sunday that the U.S. should understand that the rules of the game in the war against Iran have changed "before it is too late".
"From now on, any attack against Iran's interests and security will receive a faster, heavier and more painful response," he said in a speech published on his Telegram channel.
#Iran #painful
2 months ago
RTX Corporation (NYSE:RTX) is increasingly benefiting from surging demand for missiles, air-defense systems, and other military equipment as geopolitical tensions rise and governments expand defense spending. The stock is already up about 9% year-to-date, as investors increasingly price in the company's growing defense backlog and stronger long-term demand.
On September 1, the U.S. Department of War awarded RTX Corporation (NYSE:RTX)'s Raytheon business a $42.48 million cost-plus-fixed-fee contract for technical and engineering services supporting Navy air-traffic systems. The work includes engineering and restoration services for air-traffic navigation and coordination systems.
While relatively small compared with Raytheon's larger weapons contracts, the award comes amid a broader acceleration in defense spending.
Photo by Somchai Kongkamsri from Pexels
On August 17, Raytheon was awarded a $22.9 billion contract to accelerate production of Tomahawk cruise missiles. The agreement supports the annual production ramp-up of more than 1,000 Tomahawk missiles, along with **** ociated support and services.
#corporation #raytheon #tomahawk #demand
On September 1, the U.S. Department of War awarded RTX Corporation (NYSE:RTX)'s Raytheon business a $42.48 million cost-plus-fixed-fee contract for technical and engineering services supporting Navy air-traffic systems. The work includes engineering and restoration services for air-traffic navigation and coordination systems.
While relatively small compared with Raytheon's larger weapons contracts, the award comes amid a broader acceleration in defense spending.
Photo by Somchai Kongkamsri from Pexels
On August 17, Raytheon was awarded a $22.9 billion contract to accelerate production of Tomahawk cruise missiles. The agreement supports the annual production ramp-up of more than 1,000 Tomahawk missiles, along with **** ociated support and services.
#corporation #raytheon #tomahawk #demand
2 months ago
DUBAI, Sept 5 (Reuters) - U.S. and Iranian forces fired at vessels in waters around Iran on Saturday, including three Iranian oil carriers struck by the Americans and three tankers that Iran said it targeted while on unauthorized routes in the Strait of Hormuz.
U.S. Central Command said it struck the three Iranian vessels, including one off the coast of Kharg Island, near Iran's oil export hub, after Iran's Islamic Revolutionary Guard Corps launched ballistic missiles at two U.S. Navy ships.
"Let the message to the IRGC be clear: If you shoot at two of our ships, we will impose an even higher economic cost — taking out three of yours," said Admiral Brad Cooper, head of U.S. Central Command, which oversees the U.S. military in the Middle East.
The IRGC responded by threatening intensified strikes against U.S. military vessels in the region, and said later it targeted the three tankers as well as three U.S.-linked vessels in other areas.
"Do not be deceived by the 'terrorist' U.S. military and refrain from any suspicious movement aimed at passing through unauthorized waterways," the IRGC Navy said in a statement carried on Iranian state TV. "Otherwise, you will be targeted."
#central
U.S. Central Command said it struck the three Iranian vessels, including one off the coast of Kharg Island, near Iran's oil export hub, after Iran's Islamic Revolutionary Guard Corps launched ballistic missiles at two U.S. Navy ships.
"Let the message to the IRGC be clear: If you shoot at two of our ships, we will impose an even higher economic cost — taking out three of yours," said Admiral Brad Cooper, head of U.S. Central Command, which oversees the U.S. military in the Middle East.
The IRGC responded by threatening intensified strikes against U.S. military vessels in the region, and said later it targeted the three tankers as well as three U.S.-linked vessels in other areas.
"Do not be deceived by the 'terrorist' U.S. military and refrain from any suspicious movement aimed at passing through unauthorized waterways," the IRGC Navy said in a statement carried on Iranian state TV. "Otherwise, you will be targeted."
#central
2 months ago
USA Rare Earth (NASDAQ: USAR) is quickly becoming one of America's most strategically important mining companies, at least if the economy, technology, and national security count for anything.
Why all the attention? Two words: rare earths. Indeed, rare-earth metals, as their name suggests, are a class of elements that are tough to find in economically useful deposits. They are essential to everything from smartphones and electric vehicles (EVs) to fighter jets and guided missiles, and China controls most of the world's capacity to process them.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
USA Rare Earth is one of only a handful of American companies that control a rare-earth deposit on American soil. Its goal is to extract rare-earth elements from a deposit in Texas, process and separate them domestically, and turn them into permanent magnets for American companies out of its factory in Oklahoma.
For some time, this has been at the heart of USA Rare Earth's growth thesis; none of it is new. What is new, however, is its pending acquisition of Serra Verde, which could turn USA Rare Earth from a would-be miner with an uncertain start date into the owner of an operating rare-earth mine. That deal will likely close before its next earnings report -- expected in early November -- and could set the stage for a huge rally.
#american #Companies #time
Why all the attention? Two words: rare earths. Indeed, rare-earth metals, as their name suggests, are a class of elements that are tough to find in economically useful deposits. They are essential to everything from smartphones and electric vehicles (EVs) to fighter jets and guided missiles, and China controls most of the world's capacity to process them.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
USA Rare Earth is one of only a handful of American companies that control a rare-earth deposit on American soil. Its goal is to extract rare-earth elements from a deposit in Texas, process and separate them domestically, and turn them into permanent magnets for American companies out of its factory in Oklahoma.
For some time, this has been at the heart of USA Rare Earth's growth thesis; none of it is new. What is new, however, is its pending acquisition of Serra Verde, which could turn USA Rare Earth from a would-be miner with an uncertain start date into the owner of an operating rare-earth mine. That deal will likely close before its next earnings report -- expected in early November -- and could set the stage for a huge rally.
#american #Companies #time
2 months ago
RTX Corporation (NYSE:RTX) is increasingly benefiting from surging demand for missiles, air-defense systems, and other military equipment as geopolitical tensions rise and governments expand defense spending. The stock is already up about 9% year-to-date, as investors increasingly price in the company's growing defense backlog and stronger long-term demand.
On September 1, the U.S. Department of War awarded RTX Corporation (NYSE:RTX)'s Raytheon business a $42.48 million cost-plus-fixed-fee contract for technical and engineering services supporting Navy air-traffic systems. The work includes engineering and restoration services for air-traffic navigation and coordination systems.
While relatively small compared with Raytheon's larger weapons contracts, the award comes amid a broader acceleration in defense spending.
Photo by Somchai Kongkamsri from Pexels
On August 17, Raytheon was awarded a $22.9 billion contract to accelerate production of Tomahawk cruise missiles. The agreement supports the annual production ramp-up of more than 1,000 Tomahawk missiles, along with **** ociated support and services.
#tomahawk
On September 1, the U.S. Department of War awarded RTX Corporation (NYSE:RTX)'s Raytheon business a $42.48 million cost-plus-fixed-fee contract for technical and engineering services supporting Navy air-traffic systems. The work includes engineering and restoration services for air-traffic navigation and coordination systems.
While relatively small compared with Raytheon's larger weapons contracts, the award comes amid a broader acceleration in defense spending.
Photo by Somchai Kongkamsri from Pexels
On August 17, Raytheon was awarded a $22.9 billion contract to accelerate production of Tomahawk cruise missiles. The agreement supports the annual production ramp-up of more than 1,000 Tomahawk missiles, along with **** ociated support and services.
#tomahawk
