The U.S. Navy’s fiscal 2025 budget request includes money for one Virginia-class attack submarine instead of the planned two, but still represents “a prioritization and very significant investment in undersea warfare capabilities,” the service’s undersecretary said Friday, arguing this is not contradictory.
The Navy has been buying its attack subs at a rate of two per year since FY11, but…
The U.S. Navy will postpone most of its planned development and purchases of large unmanned systems and next-generation ships and planes in fiscal 2025, citing spending caps.
The Navy in its FY25 budget request seeks six ships instead of the previously planned seven in the…
US Army faces flat FY25 budget as personnel costs rise
March 13, 2024
The U.S. Army’s $185.9 billion fiscal year 2025 budget request increased by just $400 million over the previous year’s request, which would leave the armed service to work within the confines of a almost flat budget while having to address rising military personnel…
Volvo Cars has partnered with Imperial College London spinoff Breathe Battery Technologies to reduce its EVs’ charging time by 30%.
Volvo Cars says that integrating London-based battery management software startup Breathe’s tech into Volvo Cars’ in-house developed battery management platform will boost the performance of its EV charging technology.
Volvo says Breathe’s software will…
EV prices dropped by nearly 13% year-over-year in February, led in part by Tesla Model 3 and Model Y price drops, reports Kelley Blue Book.
According to newly revised EV transaction price data, the average price paid for an EV in February was $52,314, down from a revised…
It has been a big few weeks for smart electrical panel-maker Span. The company announced major deals with Pulte Homes and utilities with Landis + Gyr. The startup also expanded its lineup to include small home and apartment-sized panels and even subpanels
But firstly…
Blackrock, the world’s largest asset manager, has hit a significant milestone with its spot bitcoin exchange-traded fund (ETF), the Ishares Bitcoin Trust (IBIT). The fund’s crypto holdings have reached nearly 204K bitcoins, representing over $14.76 billion in assets under management (AUM).
IBIT’s Bitcoin Holdings Continue to Grow
Blackrock’s Ishares Bitcoin Trust (IBIT), the world’s…
Tether, the company behind the issuance of USDT, the largest stablecoin in the cryptocurrency market, has announced the launch of its currency on Celo, an EVM-compatible blockchain. Paolo Ardoino, CEO of Tether, stated that this move was focused on enhancing the “usability…
This week, as of March 9, 2024, the cumulative value held in decentralized finance (defi) platforms exceeded $100 billion for the first time since the downfall of Terra in May 2022. In the past 30 days, the leading three defi platforms have experienced an increase of at…
The U.S. Army is changing its approach to acquiring a long-range artillery capability and scrapping its 58-caliber Extended Range Cannon Artillery prototyping effort, according to the service’s acquisition chief.
“We concluded the prototyping activity last fall,” Doug Bush told reporters at a March 8 briefing on the fiscal 2025 budget request. “Unfortunately, [it was] not successful enough…
