Markets faced turbulence on Monday as all four major U.S. indices took a downward turn, influenced by the Israel-Hamas conflict which escalated into an outright war over the weekend. The crypto economy experienced a 1.8% dip against the U.S. dollar on the same day. Meanwhile, the onset of the Middle Eastern conflict spurred a surge in precious metals and crude oil prices.
Mideast Crisis Sends U.S.
WASHINGTON — Decisions on the way forward for one of the U.S. Army’s top long-range fires priorities — the Extended Range Cannon Artillery program — won’t come until a new conventional fires strategy is complete, the service’s acquisition chief said.
“It really…
WASHINGTON — Fiscal 2023 proved busy for the Army’s top personnel officials.
A recruiting crisis made it harder to fill the ranks — and project what future forces the service needs and how it can fill those units. A new Army-wide human resources system debuted after…
US Army moves to pre-position materials in Pacific
October 9, 2023
WASHINGTON — The Army is hoping progress made at Talisman Sabre, the joint U.S.-Australian exercise this summer, could open doors for it to position more equipment in the Indo-Pacific region.
The service sees expanding its pre-positioned equipment in the area as part of its contribution to deterring China.
And the Army made headway this summer when it was permitted to permanently keep three…
WASHINGTON — The Army and industry teams have hit new distance records in recent tests as part of an effort to develop advanced projectiles for artillery weapon systems, according to company announcements at the Association of the U.S. Army’s annual conference here.
BAE…
WASHINGTON — The U.S. Army is gearing up to pursue new interceptors capable of countering a wide range of threats, from cruise to ballistic to hypersonic missiles, according to the service’s program executive officer for missiles and space.
The Army is close to beginning…
WASHINGTON — U.S. Army leaders will head to Capitol Hill after this week’s Association of the U.S. Army conference to share its planned force structure changes, meant to ready the service to fight high-end adversaries, according to Army Secretary Christine Wormuth.
“We need to align structure with end strength over the next several years to ensure we can field the right formations and ensure…
WASHINGTON — The U.S. Army is using years’ worth of experimentation with robots and emerging technology to develop integrated fighting formations of both humans and robots, according to service officials in charge of modernization efforts.
“We should never again trade…
WASHINGTON — The U.S. Army sees opportunities for industry to drive down the cost of producing hypersonic missiles as it helps to grow the industrial base, which was essentially nonexistent roughly five years ago, according to Chris Mills, the deputy director for the…
WASHINGTON — The U.S. Army is pursuing a Stinger missile replacement for short-range air defense that can go faster, survive jamming and more easily hit tougher targets like drones, according to the service’s program executive officer for missiles and space.
The service last month awarded RTX and Lockheed Martin with contracts to competitively develop the Stinger replacement. The…
