Tag: defense
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Raytheon’s stock heads for worst selloff since 9/11
[ad_1] Raytheon Technologies Corp.’s stock tumbled 10% Tuesday, its worst day in more than three years, after the aerospace and defense company said it needs to remove certain Pratt & Whitney jet engines from service for inspection. The stock RTX, -10.22% ended at its lowest since Oct. 17, when it closed at $84.47. It suffered…
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Opinion: Ukraine’s membership in NATO is needed to keep critical technology from China
[ad_1] The future of Ukraine in the NATO alliance will prove critical to the balance of power in the Pacific and U.S. economic leadership around the world. Tensions within NATO on the embattled nation’s status were on full display at the Vilnius Summit last week. On the agenda was Ukrainian membership, an issue sidestepped by the United States,…
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Virgin Galactic stock rises as company sets date for second commercial flight
[ad_1] Virgin Galactic Holdings Inc.’s stock SPCE, +5.30% rose 2.6% in premarket trades Thursday, boosted by the announcement that the company is targeting Aug. 10 for Galactic 02, its second commercial spaceflight. The Galactic 02 mission will also mark Virgin Galactic’s first private astronaut mission. Last month the Galactic 01 mission transported three crew members from the…
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Opinion: Flight delayed again? Who’s to blame in the air travel blame game?
[ad_1] Flight delays, ground stops, and cancellations are all in the news. Travel over the July 4 holiday was described as a flightmare. Who or what is to blame? The airline industry blames the FAA, the FAA blames the airlines, many cite the lingering effects of the pandemic, some blame technology, others point to extreme weather and smoke from…
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Biden, allies will show ‘resolve in support of Ukraine’ at NATO summit: official
[ad_1] At next week’s NATO summit, President Joe Biden and other leaders will demonstrate their “unity and resolve in support of Ukraine” as that Eastern European country continues to respond to Russia’s invasion, Biden’s national-security adviser said Friday. “We continue to stand with the people of Ukraine as they defend their sovereignty, their freedom and…
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Mercury Systems taps interim president and CEO as next chairman
[ad_1] Mercury Systems MRCY said Thursday that it has named interim president and chief executive officer Bill Ballhaus as the chairman of the board in the latest executive move at the technology company. Ballhaus will succeed William O’Brien in the role, who is retiring, the company said. Named interim CEO last month after the company’s…
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White House says cocaine found in ‘heavily traveled’ part of West Wing
[ad_1] White House press secretary Karine Jean-Pierre on Wednesday addressed the cocaine found in a West Wing common area, saying it’s an area that many visitors can access. “Where this was discovered is a heavily traveled area,” Jean-Pierre told reporters during a press briefing, adding that many West Wing visitors come through that location. The……
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Americans say Disney is among the most patriotic brands, despite DeSantis feud
[ad_1] When it comes to the brands that Americans feel are the most patriotic, Jeep still rules the road — but Disney isn’t far behind. Jeep STLA, +0.52%, the vehicle manufacturer with an 80-plus year history and deep ties to the American military, ranked first in the annual Most Patriotic Brands in America Survey, which…