
Boeing secures $2.8 billion US satellite contract
Co said on Thursday it had secured a $2.8 billion U.S. contract to develop and produce two satellites with options for two more.
The Evolved Strategic Satellite Communications (ESS) program will deliver space-based nuclear, command, control, and communications for the U.S. president and joint strategic global forces.
Boeing is set to deliver the first of two space vehicles by 2031.
When deployed in geostationary orbit, the ESS will provide persistent coverage to strategic warfighters worldwide.

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First Post
5 hours ago
- First Post
Trump threatens 17% tariffs on EU's food and farm produce as regional bloc prepares for a trade war
The EU trade commissioner, Maroš Šefčovič, was given the warning on Thursday during his meeting with US Treasury Secretary, Scott Bessent, Trade Representative Jamieson Greer and Commerce Secretary Howard Lutnick. read more US President Donald Trump threatened to impose a 17 per cent tariff on food and farm produce from Europe during talks in Washington this week. Sources close to the matter confirmed to the Financial Times that the EU trade commissioner, Maroš Šefčovič, was given the warning on Thursday. If such tariffs come into place, it would hit almost every crucial European food items from Belgian chocolate to Kerrygold butter from Ireland and olive oil from Italy, Spain and France. All of these products have been big sellers in the US for decades. The warning was given when the EU official met the US treasury secretary, Scott Bessent, trade representative Jamieson Greer and commerce secretary Howard Lutnick. STORY CONTINUES BELOW THIS AD As per the report, EU ambassadors were briefed on the threat on Friday. Meanwhile, the regional bloc remains optimistic for a high-level political agreement, but the threat gives a flavour of the US's continued aggression. In the past, Trump called the EU 'nastier' than China when it came to trade. Trump issues more threats Meanwhile, Trump said that he will write to 12 nations telling them he will impose permanent tariffs of up to 70 per cent after 9 July. He also has a self-imposed deadline for more than 60 countries, from Japan to Lesotho, to reach a tariff deal. 'They'll range in value from maybe 60% or 70% to 10% and 20% but they [the letters] are going to be starting to go out sometime tomorrow,' he told reporters. On Friday evening, EU trade spokesperson Olof Gill said that the EU's priority continued to 'favour a negotiated solution'. 'Progress was made towards an agreement in principle during the latest round of negotiations, which took place this week, and negotiations would continue on substance over the weekend,' he added. But the EU also made it clear that it is prepared for a potential trade war with retaliatory tariffs on everything from Bourbon to Boeing 747s if Trump walks away before Wednesday. On Thursday, the European Commission president, Ursula von der Leyen, emphasised that it would be too difficult to get a comprehensive deal in the time available. The regional bloc is seeking immediate relief from tariffs in key sectors as part of the framework, including the auto industry, which has to deal with a 27.5 per cent tariff, up from 2.5 per cent before Trump started his trade aggression. 'What we are aiming at is an agreement in principle,' she said in Denmark. 'That is also what the UK did.' STORY CONTINUES BELOW THIS AD


India.com
7 hours ago
- India.com
US spending huge amount of money on this deadly fighter jet, announces budget of Rs…, to give tough competition to China J-36, J-50, it is capable of…., name is..
The United States has always been determined to remain the world's leading military and technology superpower. It will never allow China to become a superpower, especially with sophisticated defense technology. As tensions escalate and China intensifies its military capabilities, specifically with air combat systems, the U.S. has started to fight back. In a bold move to stay ahead of China in the development of air combat systems, the Trump administration committed significant funding toward the F-47 sixth-generation fighter—a next-generation aircraft that will rule the skies for decades to come. The advanced jet will be developed under the Next Generation Air Dominance (NGAD) program, which aims to keep the U.S. well ahead of advancements like the J-36 and J-50 by China. On June 10, U.S. Defense Secretary Pete Hegseth spoke to Congress and described the F-47 project as 'decisive for future wars,' highlighting that this investment is not simply a technological effort, but a key pillar of national security. This bold move comes in direct response to China's recent developments with its air power, particularly advancements in fighter jets like the J-36 and J-50. The message is unmistakable, in the coming years, air dominance will be critical to all balance in international geopolitics. The F-47 is being developed as a genuine sixth-generation fighter — not just any fighter, but a 'smart warrior' in the air. This is like a flying supercomputer, built to think faster and smarter than anyone else. The contract has been awarded by the United States to Boeing, and the F-47 will be the next iteration after the F-22 Raptor. It has a major design emphasis on reduced radar cross section (stealth), next-gen adaptive-cycle engine technologies for increased range and speed while denying enemy radar through a combination of flying characteristics, several levels of AI-assisted functionality, and other stealth technology. What's really exciting is Collaborative Combat Aircraft (CCA) capabilities. The joint operations of F-47 and autonomous drones that act as 'wingmen,' are intended to operate [as separate mission sets — surveillance, electronic warfare — or surgical strikes.] In short, the F-47 will not just be a fighter jet; it will be a fighter squadron all by itself, and a force multiplier. The main motivation for the U.S. developing its sixth-generation fighter jet is to keep China from achieving air superiority at all costs. Intelligence reports indicate that China's new advanced jets, the J-36 and J-50, have already begun flight training programs by late 2024. It is currently multi-role reconnaissance in flight. Reports suggest that the J-36 has a tri-jet configuration, a tailless double delta wing design, and weight capacity to operate in distance. The J-36 has not only stealth technology, but may also have electronic warfare and possibly laser defense. The J-50 has thrust vectoring engines and compact design suitable for carriers, making it deployable on the next generation of Chinese aircraft carriers. The F-47 fighter is being deliberately built for A2/AD (Anti-Access/Area Denial) conditions—areas with enemy air defense systems so effective that traditional manned aircraft can't even get there. The F-47 will be armed with stealth capabilities, AI-enabled decision making, and supercruise capability. The F-47 will be able penetrate complex hostile A2/AD environments, and blow stuff up close up. Our fusion engine will enable longer ranges, faster speeds, and better thermal management. This means it can fly further using less fuel, thus avoiding radar detection, and make better decisions faster in combat. In important areas like the Indo-Pacific region, the F-47 will give the U.S. military a distinct advantage against China in their ability to provide forward basing and power projection, which is necessary in ensuring dominance.


Economic Times
17 hours ago
- Economic Times
Mass layoffs in 2025: Microsoft, Meta, and more big names slash jobs — is yours next?
Live Events FAQs (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel The wave of layoffs is not over. In fact, 2025 is shaping up to be another challenging year for workers in a variety of industries, including technology, retail, and even space exploration. Many of these decisions are based on AI and automation, leaving thousands to wonder if they will be around the world are reducing staff in the name of efficiency, restructuring, or preparing for an AI-powered such as Meta, Boeing, and Chevron are laying off thousands of workers, while CNN and BlackRock are making targeted reductions. The workplace is rapidly changing once two years of large-scale job losses in the tech, media, finance, manufacturing, retail, and energy sectors, layoffs and other workforce reductions are happening again in there are a variety of reasons for staff reductions, cost-cutting initiatives are occurring in tandem with technological advancements. According to a recent World Economic Forum survey, 41% of businesses globally stated that they anticipated laying off employees over the next five years due to the development of artificial job cuts have previously been announced by companies like CNN, Dropbox, and Block. Meanwhile, the WEF predicts that by 2030, tech jobs in big data, fintech, and AI will have doubled.1. Adidas – Cutting up to 500 jobs at its German headquarters to simplify operations.2. Ally – Letting go of around 500 employees (under 5% of staff) to restructure, while continuing to hire in other areas.3. Automattic – Parent of Tumblr and WordPress is reducing its global staff by 16% due to market competition and the need for efficiency.4. BlackRock – Trimming around 200 roles (about 1% of workforce) to better align with strategic goals.5. Block (formerly Square) – Laying off nearly 1,000 workers as part of a streamlining effort, not directly linked to financial issues.6. Blue Origin – Jeff Bezos' space company is cutting about 10% of staff to refocus on manufacturing and launch goals.7. Boeing – Cutting 400 jobs tied to its moon rocket program due to delays in NASA's Artemis missions.8. BP – Eliminating a total of 7,700 roles worldwide (including 3,000 contractors) to simplify its structure and cut costs.9. Bridgewater Associates – The world's largest hedge fund is letting go of about 90 employees to stay lean.10. Bumble – Slashing around 240 jobs (30% of its team) as part of a major strategic reset.11. Burberry – Cutting 1,700 jobs (18% of staff) in a bid to save £100 million by 2027 amid poor financial performance.12. Chevron – Planning to reduce 15–20% of global workforce by 2026—about 9,000 jobs—to improve efficiency and integrate Hess.13. CNN – Cutting 200 TV-focused roles as it pivots more toward digital content.14. Coty – Also undergoing job reductions, though exact figures not specified here.15. Morgan Stanley – Set to lay off up to 2,400 staff, about 2–3% of its global workforce, to improve operational efficiency.16. Paramount – Announced a 3.5% workforce cut in the U.S. as part of cost restructuring.17. Porsche – Plans to eliminate 3,900 jobs gradually over the next few years.18. Microchip Technology – Letting go of 2,000 employees due to lower demand.19. Meta (Facebook's parent) – Cutting around 5% of staff to stay lean and focused.20. Intel – Reducing at least 15% of its factory workforce, primarily in manufacturing.21. PwC (PricewaterhouseCoopers) – Planning to cut about 2% of its U.S. staff.22. Salesforce – Cutting more than 1,000 jobs as part of ongoing streamlining.23. Starbucks – Laying off 1,100 corporate roles in a reorganization businesses are restructuring due to rising costs, shifting priorities, and increased use of artificial most cases, yes. According to a World Economic Forum survey, 41% of companies expect artificial intelligence to reduce their workforce.