Latest news with #UnitedStatesDepartmentofDefense
The Market Online
16-07-2025
- Business
- The Market Online
Drone innovator partners with U.S. Department of Defense
A branch of the United States Department of Defense selected Draganfly (CSE:DPRO) and its Commander3 XL unmanned aerial vehicle platform to support advanced operational initiatives, including intelligence, surveillance and reconnaissance Draganfly specializes in drone solutions, AI-driven software and robotics Draganfly stock is up by 14.17 per cent on the news but has given back 22.21 per cent year-over-year A branch of the United States Department of Defense selected drone and robotics developer Draganfly (CSE:DPRO) and its Commander3 XL unmanned aerial vehicle platform to support advanced operational initiatives, including intelligence, surveillance and reconnaissance. This content has been prepared as part of a partnership with Draganfly Inc., and is intended for informational purposes only. Draganfly worked with a known prime contractor and met with military stakeholders to ensure the platform was mission-ready, leveraging what Wednesday's news release describes as its 'robust flight performance, modular payload options and mission-specific adaptability,' qualities that make it 'a trusted platform for complex defense, security and emergency response operations.' The Commander 3XL offers a payload of up to 22 pounds, a flight time of up to 50 minutes and a communication range of up to 10 kilometres, boasting one of the most advanced autopilot systems in the world and Blue UAS certification for both government and military applications. Leadership insights 'This delivery further validates the Commander3 XL's reliability and versatility for frontline applications,' Cameron Chell, Draganfly's chief executive officer, said in a statement. 'We're honored to support the DoD's commitment to autonomous and semi-autonomous multi-mission systems that enhance operational effectiveness.' About Draganfly Draganfly specializes in drone solutions, AI-driven software and robotics, offering exposure to a more than 25-year track record serving the public safety, agriculture, industrial inspection, security, mapping and surveying markets. Draganfly stock (CSE:DPRO) is up by 14.17 per cent on the news trading at C$5.64 as of 11:23 am ET. The stock has given back 22.21 per cent year-over-year. Join the discussion: Find out what everybody's saying about this drone and robotics stock on the Draganfly Inc. Bullboard and check out the rest of Stockhouse's stock forums and message boards. Stockhouse does not provide investment advice or recommendations. All investment decisions should be made based on your own research and consultation with a registered investment professional. The issuer is solely responsible for the accuracy of the information contained herein. For full disclaimer information, please click here.
Miami Herald
11-07-2025
- Business
- Miami Herald
US Moves To Loosen China's Grip on Rare Earth Minerals
A U.S. company has announced a $400 million deal with the United States Department of Defense amid soaring demand for domestically mined rare earth elements that are critical for both civilian and military technologies. The MP Materials deal is being hailed as a major move toward building out the U.S. mine-to-magnet supply chain and cutting the country's reliance on geopolitical rival China. Newsweek reached out to the Pentagon and MP Materials via request for comment outside of office hours. China supplies 70 percent of the rare earths imported by the U.S. and controls about 85 percent of the world's refining capacity-a virtual stranglehold on production of the high-performance magnets used in everything from electric vehicles to missiles. This dependency is viewed in Washington as an Achilles' heel. That concern has driven the administration of President Donald Trump to seek out new deals-such as the one signed with Ukraine in May. MP Materials Corp announced Thursday it had entered a public-private partnership with the U.S. Department of Defense that would, in its words, "dramatically accelerate the build-out of an end-to-end U.S. rare earth magnet supply chain and reduce foreign dependency." Under the deal, the Pentagon will invest $400 million for a 15 percent ownership stake in the Las Vegas-headquartered firm, whose Mountain Pass mine in California remains the country's only rare earth mining facility. The company also processes rare earth concentrate, though most of the final refining and magnet production still takes place in China. "This initiative marks a decisive action by the Trump administration to accelerate American supply chain independence," said James Litinsky, Founder, Chairman, and CEO of MP Materials. MP Materials shares surged by over 50 percent when trading opened Thursday morning. China has already demonstrated its willingness to leverage its dominance, as in April when it slapped restrictions on several rare earth exports in retaliation for Trump's tariff hikes on Chinese goods. Beijing announced last month it was easing those curbs after a 90-day trade truce hammered out with the Trump administration, though U.S. officials complained shipments of the critical resource had not returned to previous levels. In March, Trump invoked emergency powers under the Defense Production Act to expand domestic production of critical minerals as part of broader efforts to reduce U.S. dependence on China. Arnab Datta, Managing Director of Policy Implementation at Employ America and Director of Infrastructure Policy at IFP, wrote on X: "This is a big deal. It's many industrial policy financing tools in one transaction: preferred equity purchases, warrants, lending, and a price floor. And a staggering amount of money [...] "A lot of risk to have tied to just one project! It could blow up and the government ends up with little to show for it and a lot of money spent, and the tools delegitimized because of the failure." Michael McNair, fund manager at a large U.S.-based asset manager, wrote on X (formerly Twitter): "As I said several months ago, this is how you compete against China to secure domestic supply chains. I expect a lot more of these kinds of deals to come." The United States is expected to keep ramping up capacity in this area. In addition to expanding refining at Mountain Pass, MP Materials says it will build a second domestic magnet manufacturing plant. The "10X Facility" will be funded in part by a committed $1 billion from JPMorgan Chase and Goldman Sachs Bank USA. Related Articles South America Explores Building Own 2,800-Mile Transcontinental RailroadUS Allies in Europe Project Aircraft Carrier Power Near China'Restrainers' Urge Trump to Scale Back US Troops on China's DoorstepChinese Jet Intercepts US Ally Over Contested Waters 2025 NEWSWEEK DIGITAL LLC.
Business Wire
26-06-2025
- Business
- Business Wire
Pacific Defense Secures Launch for MOSA Space RF Payload
EL SEGUNDO, Calif.--(BUSINESS WIRE)--Pacific Defense, the leading provider of Modular Open Systems Approach (MOSA) products, announced it has secured the inaugural launch for its Moonraker MOSA space Radio Frequency (RF) payload on board the K2 Space Gravitas Mission in February 2026. The mission includes a series of multi-orbit Space Situational Awareness (SSA) demonstrations showcasing the payload's mission flexibility. We are taking the MOSA initiative to space with Moonraker. Share Moonraker is a 3U Open VPX multi-function, RF payload with application software capable of performing a range of RF missions that fundamentally changes the cost, schedule, and deployment concept for responsive space missions. Designed for SSA, Moonraker payload architecture fully supports a range of receive and transmit Electromagnetic Spectrum Operation (EMSO) functions to command the electromagnetic operational environment. 'We're thrilled to take the United States Department of Defense's MOSA initiative to new heights with Moonraker,' said Bryan Terlecky, Vice President of Space Systems at Pacific Defense. 'As global space competition intensifies, there is a pressing need for adaptable, software-driven solutions that can rapidly evolve to counter emerging threats. This mission marks a significant step in our commitment to providing innovative and flexible solutions for space control'. The on-orbit demonstration, being completed under a contract with the Air Force Research Lab/Space Vehicles Directorate (AFRL/RV), is a critical milestone for Pacific Defense's Space MOSA payloads and will inform future operational systems. For more information, please visit Space Systems. About Pacific Defense Pacific Defense is purpose-built to drive the open systems transformation necessary to unlock rapid innovation and the power of commercial technology. Specializing in C5ISR and Electronic Warfare (EW) solutions for mission-critical environments, Pacific Defense leverages Modular Open Systems Architecture (MOSA) standards to deliver innovative, adaptable technology that enables faster response to emerging threats and evolving mission requirements. Learn more at and on LinkedIn. Approved for public release; distribution is unlimited. Public Affairs approval # AFRL-2025-1875.
Yahoo
10-06-2025
- Business
- Yahoo
Which New Mexico bills are going into law July 1?
NEW MEXICO (KRQE) — About a dozen new laws in New Mexico are set to go into effect on July 1. The bills range from changes in hair braiding licensing to increasing certain livestock fees. You can find more information on the bills below. 'An act relating to public finance; increasing the amount that is annually transferred to the early childhood education and care program fund from the early childhood education and care fund.' 'An act relating to corrections; classifying homicide by a vehicle or great bodily harm by a vehicle as a serious violent offense for earned meritorious deductions.' 'An act relating to construction; requiring developers or owners of renewable energy or other projects to notify the chair of the military base planning commission of a notice of proposed construction or alteration submitted to the federal aviation administration to initiate the United States Department of Defense military aviation and installation assurance siting clearinghouse's approval process; requiring notice of federal approval or a finding of adverse impact.' 'An act relating to licensure; exempting hair braiding from provisions of the barbers and cosmetologists act; prohibiting disciplinary action for hair braiding without being licensed pursuant to the barbers and cosmetologists act.' 'An act relating to natural resources; providing that the energy, minerals and natural resources department may authorize the conversion of an oil or gas well into a facility that provides energy storage or develops geothermal energy.' 'An act relating to conservation; amending the watershed district act; providing for appointment of watershed boards of directors instead of election of the boards.' 'An act relating to primary elections; allowing voters who have not designated a major political party affiliation on their certificates of registration to participate in the primary election process by choosing to affiliate with a major political party participating in a primary by requesting the party's ballot; making conforming changes.' 'An act relating to insurance; amending the prior authorization act to add more classes of drugs that are not subject to prior authorizations or step therapy protocols.' 'An act Relating to the Albuquerque Metropolitan Arroyo Flood Control Authority; increasing the limit of outstanding indebtedness of the authority.' 'An act relating to livestock; increasing fees for services relating to livestock.' 'An act relating to motor vehicles; providing for the issuance of look twice for motorcycles special registration plates for motorcycles; amending section 66-3-424.40 NMSA 1978 (being laws 2023, chapter 73, section 1); making an appropriation.' 'An act relating to public property; changing the threshold for state board of finance approval on sales, trades or leases of property by state agencies and local public bodies.' 'An act relating to broadband; amending the severance tax bonding act to provide for the issuance of supplemental severance tax bonds for education technology infrastructure; amending the broadband access and expansion act; adding definitions; creating the education technology infrastructure fund; providing for rulemaking; authorizing grants; transferring the public school facilities authority's broadband deployment and connectivity program and statewide education network to the office of broadband access and expansion; making an appropriation.' Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
12-05-2025
- General
- Yahoo
Pennsylvania residents can properly retire tattered American flags in York County
YORK COUNTY, Pa. (WHTM)– Central Pennsylvania residents can properly retire their worn and tattered American flags in York County. The United States Department of Defense says throwing a worn-out American flag in the trash is considered disrespectful, and there are alternatives to getting rid of a tattered flag before replacing it. One Midstate police station says residents can do it properly here. Close Thanks for signing up! Watch for us in your inbox. Subscribe Now According to the Penn Township Police Department, Midstate residents with tattered American flags can take them to the Penn Township Recycling Center at 1020 Wilson Avenue in Hanover. Here, worn-down American flags are given to the Hanover Elks Lodge #763 to be properly retired with honor, police said. The U.S. Department of Defense says flags are typically retired with honor through a ceremony that involves properly burning the flag if they are deemed no longer serviceable. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
