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 proposal — including one attack submarine, compared to the planned two — and will trim its research and development budget…
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…
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 $54,863 in January, according to Cox Automotive and Kelley Blue Book estimates.
EV transaction prices in February were lower…
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…
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 and accessibility of Tether for millions of people.”
Tether Announces USDT’s Launch on Celo
Tether is making moves to…
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…
For the first time in three years, the Missile Defense Agency is asking for less money in the upcoming fiscal year, requesting $10.4 billion for 2025, which is about $500 million less than the total leaders said they needed last March.
The agency, for the first time in roughly 20 years, did not provide a public briefing on its budget request at the Pentagon. A budget summary provided by the…
