Latest news with #Aegis
Yahoo
2 days ago
- Science
- Yahoo
Next-generation destroyers to pack more missiles, energy weapons
The U.S. Navy is planning for its next-generation destroyer, currently known as the DDG(X), to feature directed-energy weapons and more capacity to carry and launch missiles. According to a report this month from the Congressional Research Service, the service is requesting $133.5 million in research and development in its proposed fiscal 2026 budget to manufacture the DDG(X), which it hopes to procure in the early 2030s. The design for the DDG(X) is larger than previous proposals, with the report noting that it now calls for the ship to have a displacement of 14,500 tons, representing a boost of 1,000 tons from the design put forth in the Navy's shipbuilding plan for fiscal 2024. The report questions how an enlarged design would be consistent with the Navy's stated aim of transitioning to a modernized fleet featuring smaller vessels. To modernize the fleet and cut costs, the Pentagon has been turning to autonomous vessels, and the Navy recently integrated small unmanned surface vessels into a major Baltic Sea exercise. The DDG(X) is intended to replace what are called 'Aegis destroyers,' which include the Ticonderoga-class cruisers and Arleigh Burke-class destroyers. They are known as 'Aegis destroyers,' because they feature the Aegis Combat System, described by the Navy as 'the first fully integrated combat system built to defend against advanced air and surface threats.' The first version of the Aegis was operationally tested in 1973, and the first cruiser equipped with Aegis, the Ticonderoga, was commissioned in 1983. The Arleigh-Burke class came into being as a smaller destroyer featuring an updated Aegis system, with the first ship of this class commissioned in 1991. There are still 22 Ticonderoga-class cruisers procured between fiscal 1978 and 1988 in the U.S. fleet, including ships that entered service between 1983 and 1994. 'The Navy began retiring the remaining 22 ships in FY2022 and wants to retire all 22 by the end of FY2027,' according to the CRS report. Like past destroyer designs, the DDG(X) will feature elements of the Aegis combat system design. The DDG(X) will have increased cruising range and hold 96 standard Vertical Launch System cells, with an ability to replace 32 of these with 12 missile launch cells. It will also feature a power system able to support the deployment of directed energy weapons. These use electromagnetic energy to inflict damage and can include lasers, microwaves or particle beams. The Navy also hopes that the cruisers will produce less underwater noise while at sea, and thus have 'reduced vulnerability due to reduced infrared, acoustic and underwater electromagnetic signatures.'
Business Upturn
08-07-2025
- Business
- Business Upturn
Rugby Resources Ltd. Provides Update on Arrangement with Pampa Metals
Vancouver, B.C., July 08, 2025 (GLOBE NEWSWIRE) — Rugby Resources Ltd. ('Rugby' or the 'Company') (TSX-V: RUG) is pleased to report that it has now filed and mailed materials to the shareholders of Rugby, including the Management Information Circular dated June 9, 2025 (the 'Circular') and related documents for the Special Meeting of the Rugby shareholders to be held in Vancouver on July 16, 2025 at 10:00 a.m. (the 'Meeting'). At the Meeting, shareholders will consider and vote on a Special Resolution (the 'Arrangement Resolution') approving the previously announced Statutory Plan of Arrangement (the 'Arrangement') involving the acquisition by Pampa Metals Corp. ('Pampa Metals') of 100% of the outstanding common shares of Rugby ('Rugby Shares'). Pursuant to the Arrangement, Rugby shareholders will receive one common share of Pampa Metals for every 6.4 Rugby Shares held. In addition, as part of the Arrangement, Rugby shareholders will also receive common shares (Aegis Shares) of a newly incorporated mineral exploration company, Aegis Resources Ltd. (Aegis) on the basis of one Aegis Share for every 10 Rugby Shares held. To be effective, the Arrangement Resolution must be passed by at least two-thirds (66⅔%) of the votes cast by all Rugby shareholders present in person or represented by proxy at the Meeting. The Circular is available under Rugby's profile on SEDAR+ at and posted on Rugby's website. To access the Circular Click here . Following the closing of the Arrangement, Aegis will hold a 20% free-carried interest in the Cobrasco project (carried to completion of a feasibility study), a prospective, potentially high-grade copper-molybdenum porphyry in Colombia, a 1.5% NSR in the Mantau copper-gold project in north eastern Chile and a minority joint venture interest in the Georgetown porphyry copper project in Queensland, Australia. In addition, Aegis will hold the prospective El Zanjon and Venidero projects, potentially high grade epithermal gold silver targets in Santa Cruz Province, Argentina. In addition, at closing of the Arrangement, Aegis will be a reporting issuer in British Columbia and Alberta. Management of Aegis does not intend to apply to list the Aegis Shares on any recognized stock exchange at this time. Management of Aegis will assess all Aegis's options and determine the best course of action for Aegis, including considering an application to list the Aegis Shares on a stock exchange in the future. There can be no assurance as to if, or when, the Aegis Shares will be listed for trading on any stock exchange. Upon the recommendation of its Special Committee, the board of directors of Rugby, after careful consideration, has unanimously determined that the Arrangement is fair, from a financial point of view, to Rugby shareholders and that the Arrangement is in the best interest of Rugby. Accordingly, the Rugby board of directors unanimously recommends that Rugby shareholders vote in favour of the Arrangement Resolution. On June 3, 2025, Rugby received conditional acceptance of the TSX Venture Exchange ('TSXV') for the Arrangement. In addition, on June 11, 2025, Rugby was granted an interim order of the Supreme Court of British Columbia (the 'Court') in connection with the Arrangement. Completion of the Arrangement is conditional upon, among others, receipt of a final order by the Court and final acceptance of the TSXV. The Court hearing in respect of the final order is expected to take place at 10:00 a.m. (Vancouver time) on Tuesday July 22, 2025 (or as soon thereafter as legal counsel can be heard). Yale Simpson, Rugby's Chairman stated ' I recommend that shareholders vote in favour of the Arrangement Resolution. We are confident that following the closing of the Arrangement Pampa Metals' management will immediately commence the rapid evaluation of the Cobrasco project. The advancement of Cobrasco should lead to a natural reassessment of the value of Aegis due to its 20% free-carried interest in Cobrasco .' Additionally, Pampa Metals has announced a non-brokered private placement LIFE Offering for gross proceeds of $6,000,000 through the issuance of 37,500,000 common shares at a price of $0.16. Subject to completion of the Arrangement, Pampa Metals intends to use the net proceeds of the Offering to fund exploration drilling at the Cobrasco copper porphyry discovery in Colombia, preparatory work for the upcoming field season at the Piuquenes copper-gold discovery in Argentina, and working capital and general corporate purposes, as more specifically described in the Amended Offering Document ( refer July 4, 2025 News Release (CSE:PM)). There are risks associated with the Arrangement and there is no guarantee that the Arrangement will be completed as planned. For a complete list of risks associated with the Arrangement see the risk factors sections of the Circular. About Rugby Rugby is an exploration company conducting 'discovery stage' exploration on targets in Argentina, Australia, Chile and Colombia. Rugby has a copper-gold-iron oxide target near Antofagasta and in Argentina, the focus is on high grade gold-silver discoveries near existing mines in prolifically mineralized Santa Cruz Province. Rugby benefits from the experience of its directors and management, a team that has either been directly responsible for world-class mineral discoveries or has been part of the management teams responsible for such discoveries. Prior companies under their management included Exeter Resource Corporation and Extorre Gold Mines Limited, which held significant projects in South America. These companies were taken over by Goldcorp (Newmont) and Yamana, respectively. For additional information you are invited to visit the Rugby Resources Ltd. website at: FORWARD-LOOKING STATEMENTS Certain of the statements made and information contained herein is 'forward-looking information' within the meaning of the Canadian securities laws. This includes statements concerning whether the Arrangement will be consummated, Rugby obtaining required regulatory and shareholder approvals, Rugby's expectations of the benefits of the Arrangement including the Spinout and the expected use of proceeds of the LIFE Offering. Forward-looking information is subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking information, including, without limitation, the effect on prices of major mineral commodities such as copper and gold by factors beyond the control Rugby; events which cannot be accurately predicted such as political and economic instability, terrorism, environmental factors and changes in government regulations and taxes; the shortage of personnel with the requisite knowledge and skills to design and execute exploration programs; difficulties in arranging contracts for drilling and other exploration services; Rugby's dependency on equity market financings to fund its exploration programs and maintain its mineral exploration properties in good standing; political risk that a government will change environmental regulations, taxes or mineral royalties in a manner that could have an adverse effect on Rugby's assets or financial condition and impair its ability to advance its mineral exploration projects or raise further funds for exploration; risks associated with title to resource properties due to the difficulties of determining the validity of certain claims as well as the potential for problems arising from the interpretation of laws regarding ownership or exploration of mineral properties in Argentina, Chile and Colombia and in the sometimes ambiguous conveyancing characteristic of many resource properties, currency risks associated with foreign operations, the timing of obtaining permits to conduct exploration activities, the ability to conclude agreements with local communities and other risks and uncertainties; risks related to geopolitical conflicts; and including those described in each of Rugby's management discussion and analysis and those contained in its financial statements for the year ended February 29, 2025 filed with the Canadian Securities Administrators and available at In addition, forward-looking information is based on various assumptions including, without limitation, assumptions associated with exploration results and costs and the availability of materials and skilled labour. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, Rugby undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise. NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash
The Hill
04-07-2025
- Politics
- The Hill
US aircraft carriers should now leave the Middle East
Although the seven B-2 bombers launched from Missouri's Whiteman Air Force Base that hit Iranian nuclear facilities received the most media attention, they were accompanied by an additional 120 aircraft. These included F-35 and F-22 stealth fighters, as well as refueling tankers and various intelligence, surveillance and reconnaissance aircraft. Submarines also launched Tomahawk cruise missiles at Iranian targets as part of what was termed 'Operation Midnight Hammer.' All the while, the Navy had five Aegis ships operating in the region, with SM-3 interceptors that were critical elements in Israel's defense against incoming Iranian ballistic missiles. The Navy had two aircraft carriers operating in the region, with a third deploying to Europe that could also be redirected to the Middle East. Carrier-based F-35Cs provided air superiority and also acted as decoys in the strike on Iran. The massive American military operation would appear to undermine the case — which a number of senior officials in the Trump administration have long put forward — that the U.S. should pull its forces from the region in order to redirect them toward the Western Pacific to confront the increasingly potent and sophisticated Chinese threat. Yet the strike on Iranian facilities, which may yet have to be repeated, would appear to demonstrate that Washington remains enmeshed in the region for the foreseeable future. The case for the U.S. military withdrawing from the Middle East is not particularly new. As far back as the early 1990s, Secretary of State James Baker sought to have the U.S. disentangle itself from the ever-volatile Middle East. He failed, however, as have policymakers ever since. Nevertheless, despite their role in the attack on Iranian nuclear facilities, it is arguable that at least one and perhaps both aircraft carriers, as well as several of their escorts, currently operating in the region could be redeployed to the Western Pacific. Even in the absence of carriers and their F-35s, the U.S. has a large remaining fighter force spread throughout the Arabian Gulf. This force — which includes F-35A, F-22, F-15 and other fighter jets — operates from Qatar's sprawling Al Udeid Air Base, Prince Sultan Air Base in Saudi Arabia, the UAE's Al Dhafra Air Base, as well as Kuwait. Various intelligence, surveillance and reconnaissance aircraft are already stationed in the Gulf as well. Other fighter aircraft could be rotated into these bases as a given contingency might require. Similarly, tankers can be deployed to bases in the region; over 30 were repositioned in anticipation of the strike on Iran. Intelligence, surveillance and reconnaissance systems could also be deployed to the Middle East to augment those already stationed there. The fiscal year 2026 budget proposal, together with the budget reconciliation package, provides for 19 new naval ships, including two attack submarines and two more Aegis ships. Yet it will take years before these ships enter the fleet, and in the meantime the Navy, at less than 280 ships, will be hard put to provide a presence in the Mediterranean, the Indian Ocean and the Western Pacific. Something has to give. The administration should therefore consider whether now is indeed the time to reposition part of the carrier force away from the Middle East. This is not to argue that all Atlantic-based aircraft carriers and most of their escorts should be permanently redeployed to the Western Pacific. There remain numerous requirements for carrier task forces as part of America's ongoing commitment to NATO. Indeed, so long as there is a Russian threat to the alliance — likely the case for years to come — America's aircraft carrier force will remain a critical element of NATO's deterrent. But the Middle East is another matter. There are numerous bases hosting American aircraft throughout the Arabian Gulf that could take more aircraft if necessary, giving Washington a powerful land-based deterrent. The flexibility of the submarine force adds to that deterrent. And the ability of the bomber force to transit from either American bases or Diego Garcia further underscores American power in the region. If the naval fleet were large as it had been decades ago, it would have been beneficial to supplement America's Middle Eastern forces with a carrier presence. But the fleet is half the size it was in the 1970s, and aircraft carriers in the Middle East, even as part of a major military operation like Operation Midnight Hammer, are a luxury that America can no longer afford. Dov S. Zakheim is a senior adviser at the Center for Strategic and International Studies and vice chairman of the board for the Foreign Policy Research Institute. He was undersecretary of Defense (comptroller) and chief financial officer for the Department of Defense from 2001 to 2004 and a deputy undersecretary of Defense from 1985 to 1987.
Business Insider
02-07-2025
- Business
- Business Insider
Lockheed Martin awarded $2.97B Missile Defense Agency contract
Lockheed Martin (LMT) was awarded a sole-source, 10-year indefinite-delivery/indefinite-quantity contract with a ceiling of $2,97B. Under this follow-on contract, LM RMS will provide continuation of the Aegis Ballistic Missile Defense Combat Systems Engineering Agent in order to maintain operational relevancy in support of the Missile Defense System. The Aegis BMD CSEA is the responsible Aegis BMD Weapon System design, development, integration, sustainment, and computer program source for Aegis cruisers, guided-missile destroyers, Aegis ashore variants, Aegis Guam System, and Glide Phase Intercept. LM RMS will provide execution of future studies, concepts, and computer program development to achieve capability improvements across all phases of the fire control loop (plan, detect, control, engage, and assess) in accordance with government provided interface requirements that can be delivered to the CSEA or other government designated agents for integration into the Common Source Library, and/or Integrated Combat Systems software architecture The anticipated period of performance is July 2025 to June 2035. Research, development, test and evaluation; defense wide procurement; and operations and maintenance funds, will be utilized to execute the proposed scope. The work will be performed in Moorestown, New Jersey. The Missile Defense Agency is the contracting activity. Don't Miss TipRanks' Half-Year Sale
Nikkei Asia
01-07-2025
- Business
- Nikkei Asia
Lockheed deal highlights Fujitsu as under-the-radar Japan defense stock
Fujitsu will supply radar components to Lockheed Martin for ships equipped with the Aegis missile defense system. (Photo by Kyoko Hariya) KYOKO HARIYA TOKYO -- Fujitsu's share price has hit a 25-year high as its secretive defense segment has stepped into the spotlight. The Tokyo-listed stock has gained roughly 40% over the past year, touching 3,570 yen a share on Monday, its highest level since the bubble.
