Latest news with #NATO
India.com
33 minutes ago
- Business
- India.com
Steel Dome: Is Turkey's air defence system better than Israel's Iron Dome? It is capable of...
Turkey's Steel Dome: Is Turkey's air defence system better than Israel's Iron Dome? It is capable of… Ankara: Israel's Iron Dome is considered one of the most effective air defence systems in the world. The world has seen its prowess time and again, as it intercepted and destroyed hundreds of enemy rockets and drones simultaneously. But now, Turkey is also working on technology that could potentially surpass Israel's Iron Dome. In the recently held NATO meeting, all the member countries accepted the suggestion of United States President Donald Trump that NATO countries, including Turkey, should spend five percent of their GDP on security. Ankara stated that it will strengthen its air defence system. Steel Dome Air Defence System Turkey's Steel Dome will protect the land and sea area of the country. According to experts, Israel's Iron Dome provides primary-level security, while the Steel Dome is a multi-level air defence system. The sensors of the Steel Dome are very powerful, which makes it more accurate. Can Steel Dome Provide Security at Sea? Steel Dome is deployed in several crucial locations in Turkey including Ankara, Akkuyu Nuclear Power Plant. However, Ankara is planning to deploy the defence system all over the country. The Steel Dome becomes active on the inputs received from Artificial Intelligence (AI) and is capable of shooting down the enemy's missiles mid-air. Apart from this, its speciality is that it provides cover on the sea as well as on land. What Is Included In The Steel Dome System? Thanks to the Iron Dome, it has become difficult for groups like Hamas or even Iran to successfully target Israel, as the air defence system intercepts missiles mid-air. Now, Turkey has announced plans to accelerate the development of its own version, Steel Dome. This defence system will include a combination of short- and long-range missiles along with interceptors. The Steel Dome is designed to neutralise enemy attacks before they reach the ground.
Yahoo
an hour ago
- Business
- Yahoo
Why Shares of AeroVironment Are Flying Higher This Week
AeroVironment's report of strong fourth-quarter 2025 financial results this week provided just one cause for the stock's rise. One analyst sees increased upside for AeroVironment stock. Shares of AeroVironment have soared higher in 2025, and investors may want to wait for shares to drop before considering a position. 10 stocks we like better than AeroVironment › After dipping almost 3% lower last week, shares of AeroVironment (NASDAQ: AVAV) have steadily gained more altitude this week for a variety of reasons. For one, the market is responding kindly to the drone company's fourth-quarter 2025 financial results, which it released on Tuesday. An analyst's positive take on the stock, as well as news from the NATO summit, are also contributing to the buying activity. According to data provided by S&P Global Market Intelligence, shares of AeroVironment are up 40.2% from the end of trading last Friday through 3:10 p.m. ET on Thursday. While analysts expected AeroVironment to post fourth-quarter 2024 revenue of $242.6 million -- a company record for quarterly sales -- and earnings per share (EPS) of $1.38, the company performed markedly better, reporting sales and EPS of $275.1 million and $1.61, respectively. The future seems bright as well. Management noted that AeroVironment ended Q4 2025 with a backlog that was almost twice what it was at the end of fiscal 2024. An improved outlook on AeroVironment stock provided another catalyst for its rise this week. Raising its price target to $225 from $200, Raymond James maintain its strong buy rating on the stock due to the presumed positive effect that the acquisition of Blue Halo, a designer of drones with advanced artificial intelligence (AI) capabilities, will have on the company. Investors are also surmising that news from NATO that leaders are in agreement to increase defense spending to 5% of their countries' GDP by 2035 will benefit AeroVironment. In addition to the United States, AeroVironment generates sales from business with international allies. With shares of AeroVironment now up 76% for the year, it seems that investors may want to watch the stock from a distance until there's a pullback. Fortunately for them, there are plenty of other leading drone stocks to investigate as potential buys. Before you buy stock in AeroVironment, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and AeroVironment wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $687,731!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $945,846!* Now, it's worth noting Stock Advisor's total average return is 818% — a market-crushing outperformance compared to 175% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 23, 2025 Scott Levine has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends AeroVironment. The Motley Fool has a disclosure policy. Why Shares of AeroVironment Are Flying Higher This Week was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Scoop
an hour ago
- Politics
- Scoop
The Five Percenters: NATO's Promise Of War
The confidence trickster was at it again on his visit to The Hague, reluctantly meeting members of the overly large family that is NATO. President Donald Trump was hoping to impress upon all present that allies of the United States, whatever inclination and whatever their domestic policy, should spend mightily on defence, inflating the margins of sense and sensibility against marginal threats. Never mind the strain placed on the national budget over such absurd priorities as welfare, health or education. The marvellous irony in this is that much of the budget increases have been prompted by Trump's perceived unreliability and capriciousness when it comes to European affairs. Would he, for instance, treat obligations of collective defence outlined in Article 5 of the organisation's governing treaty with utmost seriousness? Since Washington cannot be relied upon to hold the fort against the satanic savages from the East, various European countries have been encouraging a spike in defence spending to fight the sprites and hobgoblins troubling their consciences at night. The European Union, for instance, has put in place initiatives that will make getting more weaponry and investing in the military industrial complex easier than ever, raising the threshold of defence expenditure across all member countries to 3.5% of GDP by the end of the decade. And then there is the Ukraine conflict, a war Brussels cannot bear to see end on terms that might be remotely favourable to Russia. The promised pecuniary spray made at the NATO summit was seen by NATO Secretary General Mark Rutte as utterly natural if not eminently sensible. Not much else was. It was Rutte who remarked with infantile fawning that 'Sometimes Daddy has to use tough language' when it came to sorting out the murderous bickering between Israel and Iran. Daddy Trump approved. 'He likes me, I think he likes me,' the US president crowed with glowing satisfaction. Rutte's behaviour has been viewed with suspicion, as well it should. Under his direction, NATO headquarters have made a point of diminishing any focus on climate change and its Women, Peace, and Security agenda. He has failed to make much of Trump's mania for the annexation of Greenland, or the President's gladiatorial abuse of certain leaders when visiting the White House – Ukraine's Volodymyr Zelensky and South Africa's Cyril Ramaphosa come to mind. 'He is not paid to implement MAGA policy,' grumbled a European NATO diplomat to Euroactive. In his doorstep statement of June 25, Rutte made his wish known that the NATO collective possess both the money and capabilities to cope, not just with Russia 'but also the massive build-up of military in China, and the fact that North Korea, China and Iran, are supporting the war effort in Ukraine'. Lashings of butter were also added to the Trump ego when responding to questions. 'Would you really think that the seven or eight countries not at 2% [of GDP expenditure on defence] at the beginning of this year would have reached the 2% if Trump would not have been elected President of the United States?' It was only appropriate, given the contributions of the US ('over 50% of the total NATO economy'), that things had to change for the Europeans and Canadians. The centrepiece of the Hague Summit Declaration is a promise that 5% of member countries' gross GDP will go to 'core defence requirements as well as defence and security-related spending by 2035 to ensure our individual and collective obligations'. Traditional bogeyman Russia is the predictable antagonist, posing a 'long-term threat […] to Euro-Atlantic security', but so was 'the persistent threat of terrorism'. The target is optimistic, given NATO's own recent estimates that nine members spend less than the current target of 2% of GDP. What is misleading in the declaration is the accounting process: the 3.5% of annual GDP that will be spent 'on the agreed definition of NATO defence expenditure by 2035 to resource core defence requirements, and to meet NATO Capability Targets' is one component. The other 1.5%, a figure based on a creative management of accounts, is intended to 'protect our critical infrastructure, defend our networks, ensure our civil preparedness and resilience, unleash innovation, and strengthen our defence industrial base.' Another misleading element in the declaration is the claimed unanimity of member states. The Baltic countries and Poland are forever engaged in increasing their defence budgets in anticipation of a Russian attack, but the same cannot be said of other countries less disposed to the issue. Slovakia's Prime Minister Robert Fico, for instance, declared on the eve of the summit that his country had 'better things to spend money on'. Spain's Prime Minister Pedro Sánchez has also called the 5% target 'incompatible with our world view', preferring to focus on a policy of prudent procurement. Rutte seemed to revel in his role as wallah and jesting sycophant, making sure Trump was not only placated but massaged into a state of satisfaction. It was a sight all the stranger for the fact that Trump's view of Russian President Vladimir Putin, is a warm one. Unfortunately for the secretary general, his role will be forever etched in the context of European history as an aspiring warmonger, one valued at 5% of the GDP of any of the NATO member states. Hardly a flattering epitaph.
Canada Standard
2 hours ago
- Business
- Canada Standard
European NATO states wary of buying US arms Bloomberg
Allies are reportedly put off by Trumps coercive rhetoric and rapprochement with Russia European NATO members have expressed growing unease about increasing their reliance on US weapons amid a sweeping rearmament push, Bloomberg has reported on Friday. During a summit in The Hague this week, NATO states committed to raising military spending to 5% of GDP by 2035 to counter what they described as a "long-term threat posed by Russia to Euro-Atlantic security" - a claim that Moscow has repeatedly denied. Concerns have reportedly emerged about deepening dependence on the American defense industry, particularly under the leadership of President Donald Trump. According to Bloomberg, leaders fear they could be exposed to greater risks, especially in light of Trump's efforts to improve ties with Russia and past threats to annex allied territory. Boosting reliance on US arms has become "an increasingly hard sell at home," the outlet noted. French President Emmanuel Macron has long championed the idea of securing greater defense autonomy for European NATO states, urging the development of a self-sufficient military industrial base. Canada, a key NATO ally, is reportedly reconsidering its involvement in the US-led F-35 fighter jet program and may switch to Swedish alternatives. "We should no longer send three-quarters of our defense capital spending to America," Canadian Prime Minister Mark Carney stated earlier this month. Copenhagen has also displayed some resistance, telling Washington that American arms deals have become "politically difficult" given Trump's suggestion that the US annex Greenland, which is currently controlled by Denmark, Bloomberg reported. READ MORE: NATO summit grim sign for Kiev NYT Unease in the alliance has also been stoked by Trump's move to cut intelligence sharing with Ukraine earlier this year. According to unnamed officials cited by Bloomberg, this decision "alarmed allies," as it raised concerns over how much control the US might wield over weapons exports in the event of a crisis. Nevertheless, a lack of viable domestic alternatives continues to bind European nations to US suppliers, according to the outlet. Decades of underinvestment have left Europe's defense manufacturing capacity underdeveloped. As a result, countries will likely keep buying American equipment to meet rearmament targets, particularly as stockpiles have been depleted by shipments of military aid to Ukraine. Moscow has condemned the EU's militarization trend and arms transfers to Kiev, characterizing the conflict as a NATO proxy war. President Vladimir Putin has dismissed NATO's concerns of Russian aggression as "nonsense," instead blaming the alliance's expansion and "aggressive behavior" for escalating tensions. (
Canada News.Net
2 hours ago
- Business
- Canada News.Net
European NATO states wary of buying US arms Bloomberg
Allies are reportedly put off by Trumps coercive rhetoric and rapprochement with Russia European NATO members have expressed growing unease about increasing their reliance on US weapons amid a sweeping rearmament push, Bloomberg has reported on Friday. During a summit in The Hague this week, NATO states committed to raising military spending to 5% of GDP by 2035 to counter what they described as a "long-term threat posed by Russia to Euro-Atlantic security" - a claim that Moscow has repeatedly denied. Concerns have reportedly emerged about deepening dependence on the American defense industry, particularly under the leadership of President Donald Trump. According to Bloomberg, leaders fear they could be exposed to greater risks, especially in light of Trump's efforts to improve ties with Russia and past threats to annex allied territory. Boosting reliance on US arms has become "an increasingly hard sell at home," the outlet noted. French President Emmanuel Macron has long championed the idea of securing greater defense autonomy for European NATO states, urging the development of a self-sufficient military industrial base. Canada, a key NATO ally, is reportedly reconsidering its involvement in the US-led F-35 fighter jet program and may switch to Swedish alternatives. "We should no longer send three-quarters of our defense capital spending to America," Canadian Prime Minister Mark Carney stated earlier this month. Copenhagen has also displayed some resistance, telling Washington that American arms deals have become "politically difficult" given Trump's suggestion that the US annex Greenland, which is currently controlled by Denmark, Bloomberg reported. READ MORE: NATO summit grim sign for Kiev NYT Unease in the alliance has also been stoked by Trump's move to cut intelligence sharing with Ukraine earlier this year. According to unnamed officials cited by Bloomberg, this decision "alarmed allies," as it raised concerns over how much control the US might wield over weapons exports in the event of a crisis. Nevertheless, a lack of viable domestic alternatives continues to bind European nations to US suppliers, according to the outlet. Decades of underinvestment have left Europe's defense manufacturing capacity underdeveloped. As a result, countries will likely keep buying American equipment to meet rearmament targets, particularly as stockpiles have been depleted by shipments of military aid to Ukraine. Moscow has condemned the EU's militarization trend and arms transfers to Kiev, characterizing the conflict as a NATO proxy war. President Vladimir Putin has dismissed NATO's concerns of Russian aggression as "nonsense," instead blaming the alliance's expansion and "aggressive behavior" for escalating tensions.
