Lockheed Martin Corp
EU expected to announce sanctions on Russian oil; Mariupol steel plant evacuees reach safety
EU expected to announce sanctions on Russian oil The EU is expected to announce further sanctions on Russia on Wednesday, this time targeting Russian oil imports. The move is difficult for the bloc as some member states, particularly Hungary and Slovakia, are heavily reliant on oil imports from Russia, prompting expectations that these countries could […]
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NASA chief says competition is making space exploration cheaper, in dramatic shift on contracts
The Artemis 1 mission Space Launch System (SLS) rocket Frank Michaux / NASA The head of the National Aeronautics and Space Administration on Tuesday discussed a dramatic shift in how the agency plans to issue contracts for its space exploration programs, citing success with cost-saving competitive bids. NASA administrator Bill Nelson, testifying before a Senate […]
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Biden heads to Alabama facility where Lockheed is making key Javelin weapon for Ukraine
A serviceman of Ukrainian military forces holds a FGM-148 Javelin, an American-made portable anti-tank missile, at a checkpoint, where they hold a position near Kharkiv, on March 23, 2022. Sergey Bobok | AFP | Getty Images TROY, Alabama — One of the most effective U.S. weapons in Ukraine’s fight against Russia comes from an unlikely place: […]
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Amazon has bold ambitions to take on SpaceX in the satellite internet business
Amazon has a plan to deliver internet from space using 3,236 small satellites in low Earth orbit. It’s called Project Kuiper. In April, the company signed a multibillion-dollar contract — the largest rocket deal in the history of the commercial space industry — for launches of its Kuiper satellites with three different entities: Jeff Bezos’s […]
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Ghost drones, helicopters and howitzers: Here’s a look at the weapons the U.S. is sending Ukraine
A Soldier conducts registration and calibration for the M777A2 howitzer weapon system in Syria, Sept. 30, 2021. U.S. Army Spc. Isaiah Scott | U.S. Army WASHINGTON — From heavy artillery to tactical drones to armored vehicles, the U.S. has provided $3.4 billion in weapons to Ukraine since Russia’s invasion two months ago. The latest military aid […]
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Stocks making the biggest moves midday: Twitter, Johnson & Johnson, WeWork and more
Vials labelled “COVID-19 Coronavirus Vaccine” and syringe are seen in front of displayed Johnson & Johnson logo in this illustration taken, February 9, 2021. Dado Ruvic | Reuters Check out the companies making headlines in midday trading Tuesday. Johnson & Johnson — Shares of the pharmaceutical and consumer giant gained 3% after the company beat […]
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Stocks could stay choppy as fears about the Fed overshadow earnings news
Traders on the floor of the NYSE, March 29, 2022. Source: NYSE Earnings season is here, and it may distract investors from other issues, but it’s not likely to be the big driver of the overall market in the week ahead. Investors instead will keep an eye on the things that have been worrying the […]
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Amazon signs massive rocket deal with 3 firms, including Bezos’ Blue Origin, to launch internet satellites
Artist renderings of the companies’ rockets, from left to right: New Glenn, Vulcan Centaur, and Ariane 6. Blue Origin / United Launch Alliance / Arianespace Amazon on Tuesday announced what it says is the biggest rocket deal in the commercial space industry’s history, signing on with three companies for up to 83 launches of its […]
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U.S. sends 100 killer drones called Switchblades to Ukraine
WASHINGTON – The U.S. included 100 killer drones in a colossal weapons package for Ukraine that President Joe Biden approved earlier this month, U.S. officials confirmed Wednesday. Celeste Wallander, assistant secretary of Defense for international security affairs, told lawmakers that Kyiv asked for the weapons, which are dubbed “kamikaze drones,” as it fights off a […]
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The space-linked internet investing idea Bill Gates has backed since 1990s
Kymeta’s flat panel internet antenna is designed to offer connectivity in the most remote areas and the defense industry has been an early use case. Kymeta In this weekly series, CNBC takes a look at companies that made the inaugural Disruptor 50 list, 10 years later. Back in the 1990s, Bill Gates made a big […]
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