DefenseNews

Strike, fixed-price contracts leave Boeing defense bleeding cash

October 24, 2024
Boeing has lost billions of dollars on the fixed-price KC-46 program, and a nearly six-week machinist strike has heightened the refueling tanker’s problems. (Airman Lauren Torres/Air Force) Boeing’s ongoing problems with a crippling machinist strike and costly fixed-price development contracts left the company — and especially its defense sector — hemorrhaging cash in the third…
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DefenseNews

Norway to develop new NASAMS radar with Raytheon and Kongsberg

October 24, 2024
The Norwegian Army fires a National Advanced Surface-to-Air Missile System in the country against a simulated threat during exercise Formidable Shield in 2023. (Courtesy of the Royal Norwegian Navy). MILAN — The Norwegian Ministry of Defense will co-develop a new radar in…
DefenseNews

The Army’s black and gold PT uniform are here to stay

October 24, 2024
Soldiers might get more options for their PT gear, but the black and gold color scheme isn’t going anywhere, enlisted leaders said Monday. (Staff Sgt. Brittany Primavera/U.S. Army). Rumors of the demise of the Army’s black and gold PT gear were greatly exaggerated…
Cleantech & EV'sNews

Volkswagen ID. Buzz - A joyful throwback to the future

October 23, 2024
Driving the 2025 Volkswagen ID. Buzz was an experience that left a lasting impression. This all-electric micro bus seamlessly fuses the charm of the classic VW minibus with today’s EV tech, creating something truly unique on the road. Everywhere I drove this ID Buzz, it stopped people in their tracks and everyone had questions about it. Having the chance to be one of the first to drive this…
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Cleantech & EV'sNews

Europe spends billions subsidizing ICE company cars

October 23, 2024
As Europe pushes to phase out fossil fuels, a new study finds that, ironically, the EU’s five biggest members are pouring billions of dollars a year into subsidizing ICE company cars – to the tune of $42 billion ($45.60 billion) a year. According to a new study, as…
DefenseNews

Polish government eyes Chinook buy as heavy-lift military workhorse

October 23, 2024
U.S. Army soldiers conduct preflight checks and load cargo onto CH-47 Chinooks helicopters Aug. 27, 2023, at al-Asad air base, Iraq. (Sgt. 1st Class Shane Hamann/Army National Guard) WARSAW, Poland — Polish Defense Minister Władysław Kosiniak-Kamysz has announced the country is mulling plans to purchase heavy-lift helicopters for its armed forces, opening the door for another sizable…
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DefenseNews

US Navy ousts top commanders of ship repair facility in Japan

October 23, 2024
Capt. Zaldy Valenzuela, former commanding officer of the U.S. Naval Ship Repair Facility and Japan Regional Maintenance Center in Yokosuka, Japan, and his executive officer were relieved of command over the weekend. (U.S. Navy) The Navy fired both the commanding and…
CryptoNews

SEC's Crypto Crackdown Questioned — Will Clear Guidance Finally Emerge?

October 23, 2024
The enforcement-heavy approach of the U.S. Securities and Exchange Commission (SEC) to crypto regulation is stifling innovation and leaving the market without clear standards, an SEC commissioner has warned. Criticizing the reliance on litigation, he argued that case-by-case enforcement delays the creation of a consistent regulatory framework, depriving investors and innovators of necessary…
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