The U.S. Missile Defense Agency has awarded Lockheed Martin a contract worth up to $4.1 billion to continue to field, maintain and upgrade its battle command system, according to an April 11 contract announcement from the Defense Department.
The contract period runs May 1, 2024, through April 30, 2029, with an option to extend it to April 30, 2034.
“This contract will accelerate innovation and…
For those of us who maintain detailed forecasts of the global defense market, there are few times as exciting as the annual release of the new Future Years Defense Program (FYDP) budget and the 30-year ship building plan. The long-range plan lays out the path that must be…
China's Chery to set up shop in Europe
April 12, 2024
Chinese automaker Chery is planning to make cars in Spain, where the EV market is at just 12%, half that of Portugal and France. This would be Chery’s first manufacturing site in Europe.
It’s all part of the Chinese brand’s ambitious plan to set up three brands in…
Juiced Bikes has never shied away from offering riders more speed and power. And with today’s unveiling of its new Juiced JetCurrent Pro, the brand is offering up more speed and power than ever in a brand new e-bike form factor.
The new Juiced JetCurrent Pro has been a decade and a half in the making, according to the company’s founder and CEO Tora Harris.
You young whippersnappers might not…
With EV electric vehicle sales surging in India, several automakers are looking to grab their share. Kia recently revealed plans to launch three new EVs in the region, including a new Carens EV.
Kia to launch new low-cost models, including Carens EV
During its recent CEO…
Venezuelan Probe Unveils Crypto Money Laundering Scheme Linked to Oil Sale Embezzlement; Kraken Involved
April 12, 2024
The Venezuelan Attorney General, Tarek William Saab, unveiled the second wave of detentions linked to a crypto money laundering scheme derived from unregistered oil sales paid in different currencies and crypto. The former president of the state-owned oil company PDVSA…
On Thursday, the financial technology firm and stablecoin provider Circle introduced smart contract capabilities aimed at enabling holders of the Blackrock USD Institutional Digital Liquidity Fund (BUIDL) to exchange their shares for USDC through Circle.
Circle Provides BUIDL Off-Ramp
This week, Circle announced it is providing a redemption pathway for BUIDL holders through USDC. BUIDL, short for…
Sales volumes of non-fungible tokens (NFTs) recorded a more than 37% increase to $277 million in the seven-day period ending April 11. Six of the top 10 collections with the largest sales volumes were Bitcoin-based NFTs. Some experts attribute the renewed interest in NFTs to…
NATIONAL HARBOR, Md. — The U.S. Navy is using its effort to strengthen the weapons-industrial base as something of a test run for larger spending in the shipbuilding and submarine sectors, a top acquisition official said.
All three areas face similar challenges, such as…
The Army has ordered an aviation “safety stand up,” with additional aviation training across the force following a dozen mishaps that have resulted in 10 fatalities in only the first six months of the fiscal year.
By comparison, the Army had 10 mishaps and 14 fatalities for all fiscal 2023. The current number of mishaps is equal to or higher than the total annual mishaps reported each year…
