Latest news with #defenseindustry
Yahoo
an hour ago
- Business
- Yahoo
Romania buys Spyder air-defense suites from Israel for over $2 billion
JERUSALEM — Rafael Advanced Systems will supply short-range air defense systems to Romania for well over $2 billion, the Romanian Ministry of Defense announced this week. The transaction will be the second largest defense deal in Israeli defense-industry history after the sale of the Arrow-3 to Germany for $3.5 billion. The bulk of the Romanian purchase is for Spyder defense system batteries in various configurations, which will allow the integration of short-range interceptors. Israel competed in the Romanian tender against European competitors to provide a defensive response, among other things, from attacks similar to those experienced by neighboring Ukraine, such as drones, cruise missiles and attack helicopters. The Spyder is a mobile air defense system whose components are mounted on off-road trucks, and is built around Python-4 heat-seeking missiles and radar-guided Derby missiles, designed to intercept targets at low altitudes and at a distance of tens of kilometers. Rafael confirmed to Defense News that it submitted Spyder configurations for the Romanian tender. Romanian officials indicated that they will purchase six Spyder systems over a period of seven years, with the first two very-short-range systems to be delivered within three years of the signing of the first contract. Israel Aerospace Industries, which supplies the Elta MMR radar for the Spyder, is expected to receive a share of approximately $100 million from Rafael's deal with Romania, which brings Rafael's total Spyder sales to date to approximately $5 billion. Solve the daily Crossword
Yahoo
a day ago
- Automotive
- Yahoo
Why Archer Aviation Stock Skyrocketed Last Week
Key Points Archer Aviation stock saw big gains in conjunction with news that Joby Aviation had doubled its vehicle production capacity. Archer and Joby are competitors, but promising indicators in the eVTOL market often boost both companies valuations. Archer stock is also getting a boost from interest surrounding drones for the defense industry. 10 stocks we like better than Archer Aviation › Archer Aviation (NYSE: ACHR) stock closed out the past week of trading with big gains. At the end of Friday's trading, the electric-vertical-takeoff-and-landing (eVTOL) specialist's share price was up 26.5% from the previous week's market close. Archer Aviation roared higher following news that its competitor Joby Aviation is scaling up its manufacturing operations. Archer stock also got a boost from rising excitement surrounding drones for the defense industry. Image source: Getty Images. Archer stock soars on Joby news and drone bets On July 15, Joby Aviation published a press release announcing that it had doubled its vehicle production capacity at its Marina, California, manufacturing facility. The company also announced that it was ramping up components manufacturing and testing operations at its renovated plant in Dayton, Ohio. Even though Archer Aviation and Joby Aviation are competitors, the fledgling eVTOL market is still in its infancy and should be able to support multiple winners. At this stage, Joby's progress actually appears to be a bullish indicator for Archer's outlook. In addition to the Joby news, Archer stock got a boost as investors bet on companies that could be poised to benefit as the U.S. moves to strengthen its position in defense drones. Despite some volatile swings across the stretch, Archer Aviation stock is now up 36% across 2025's trading. With its latest valuation gains, Archer now has a market capitalization of roughly $7.3 billion. What's next for Archer Aviation? Joby's move to significantly increase its manufacturing operations could be a sign that the company expects to receive the necessary regulatory permits to begin operating in some key markets soon. If Joby receives regulatory approvals, there's a good chance that Archer Aviation will also be in good position to receive approvals to begin commercial operations for its Midnight craft. But while the potential commencement of commercial operations in the air-taxi space is likely to be the biggest factor in whether Archer posts meaningful revenue this year this year, news about eVTOLs and other drones designed for the defense industry could actually be a bigger catalyst for the stock in the near term.
Sustainability Times
2 days ago
- Automotive
- Sustainability Times
'They Built a Cruise Missile for $150K': Lockheed's New CMMT Drones Shock Defense Industry With Unmatched Power and Price
IN A NUTSHELL 🚀 Lockheed Martin has introduced the Common Multi-Mission Truck (CMMT), a low-cost vehicle designed for diverse payloads and military applications. has introduced the Common Multi-Mission Truck (CMMT), a low-cost vehicle designed for diverse payloads and military applications. 🛠️ The system includes two versions: the unpowered glide vehicle CMMT-D and the motorized CMMT-X , each with unique launch capabilities. and the motorized , each with unique launch capabilities. 💡 Lockheed employs advanced digital design techniques to accelerate development and production, enhancing efficiency and adaptability. to accelerate development and production, enhancing efficiency and adaptability. 🌟 The CMMT's adaptable architecture positions it as a potential asset for future military programs like the Collaborative Combat Aircraft. Lockheed Martin's recent announcement regarding its development of the Common Multi-Mission Truck (CMMT) system has sent ripples through the defense industry. This innovative, low-cost vehicle, designed to carry a variety of payloads, signals a significant shift in military technology. With its recent successful tests, Lockheed is positioning the CMMT as a game-changer in the realm of standoff munitions. This article delves into the details of the CMMT system, its capabilities, and its potential impact on the military landscape. The CMMT-D and CMMT-X: A New Era of Low-Cost Munitions The CMMT system comprises two distinct versions: the CMMT-D and the CMMT-X. The CMMT-D, an unpowered glide vehicle, is designed for deployment from cargo aircraft using a pallet system, while the CMMT-X, equipped with a motor, launches from the bottom of a smaller aircraft. These designs reflect Lockheed Martin's emphasis on affordability and versatility. The CMMT-D boasts a range of about 500 nautical miles, making it a formidable option for diverse military applications. In contrast, the CMMT-X, with a range of 350 nautical miles, focuses on flexibility and rapid deployment. Both vehicles underscore Lockheed's commitment to revolutionizing military tactics by providing cost-effective, scalable solutions. The introduction of these vehicles aligns with a growing military demand for low-cost standoff munitions. Lockheed's innovative approach integrates different launch methods, including pylon-launched, pallet-launched, and vertical launch variations. Notably, the CMMT-D is anticipated to have a unit cost of approximately $150,000, which is strikingly affordable compared to the high-end AGM-158 Joint Air-to-Surface Missile. This affordability allows for mass production and deployment, offering a strategic advantage by enabling the military to maintain a robust arsenal without incurring prohibitive costs. 'Terrifying Death Ray Unleashed!': China's Laser Mosquito Defense System Annihilates 30 Bloodthirsty Pests Every Second, Astonishing Global Scientists Innovative Testing and Deployment Techniques Lockheed Martin's testing of the CMMT-D and CMMT-X vehicles has demonstrated the practical application of these systems. The CMMT-D was dropped from a Rapid Dragon-type pallet cell, simulating a parachute descent from a fixed-wing airlifter. This method mirrors the Air Force's recent use of pallets for deploying munitions from cargo aircraft. In a recent test, the CMMT-D successfully deployed its wings and executed an unpowered glide to the surface, marking a significant milestone in affordable cruise missile deployment. The CMMT-X, on the other hand, was launched from a pylon under a Piper Navajo turboprop. After separation, the vehicle deployed its wings, and its engine ignited for powered flight. This achievement highlights Lockheed's ability to rapidly transition from concept design to real-world application. Notably, the CMMT-X is a direct descendant of the 2020 'SPEED RACER' concept, which explored expendable systems. This lineage emphasizes the company's commitment to leveraging past innovations to expedite the development of new technologies. Total Shock in the Energy World: This Tesla Rival Just Moved to Take Over a Wind Blade Titan With Its Robot Army Digital Innovations in Design and Production Lockheed Martin's development process for the CMMT vehicles has been accelerated by digital design techniques. These methods have allowed the company to reduce the time from concept to preliminary design review significantly. Lockheed noted that it completed the design review for the CMMTs in half the usual time, facilitated by prior work on the SPEED RACER project. This digital approach not only expedites the development timeline but also enhances the potential for scalable production. The use of digital methods underscores Lockheed's strategic focus on efficiency and adaptability. By integrating advanced digital tools into the design process, Lockheed is setting a new standard for rapid technology deployment. This approach not only benefits the company's current projects but also positions it as a leader in the development of future military technologies. The CMMT system exemplifies how digital innovation can drive progress in defense applications, enabling the military to respond swiftly to evolving threats. 'This Solar Ship Is the Future of River Travel,' Declares Visionary Engineer as 192 Sun-Powered Panels Drive the World's First Inland Marvel Future Implications and Potential Applications The CMMT system's successful testing positions it as a potential asset for the Collaborative Combat Aircraft (CCA) program. Although the Air Force has not finalized the characteristics for the next phase of the CCA program, Lockheed's flight-tested design and developed architecture could be quickly adapted to meet emerging requirements. This adaptability is crucial as military technology evolves to address new challenges. Lockheed's focus on low-cost, scalable solutions aligns with broader defense industry trends. As the military seeks to enhance its capabilities while managing budget constraints, systems like the CMMT offer a viable pathway to achieving these goals. By emphasizing affordability and rapid deployment, Lockheed is not only meeting current demands but also anticipating future needs. As Lockheed continues to innovate and refine its technologies, the question remains: How will the integration of such systems reshape the future of military operations and strategic planning? This article is based on verified sources and supported by editorial technologies. Did you like it? 4.5/5 (26)
Wall Street Journal
2 days ago
- Business
- Wall Street Journal
Turkey Nears Preliminary Deal for Eurofighter Combat Jet Order, Sources Say
Turkey could announce a preliminary deal for a multibillion-dollar order of Eurofighter Typhoon fighter jets as early as this week, according to two people familiar with the negotiations, in what would be a boost for Europe's defense industry and an aircraft program that has become overshadowed by the U.S. F-35. The contract—which analysts estimate could be valued at around $5.6 billion—would be for a maximum of 40 jets, although the exact number and the aircraft configuration are still being discussed, the people said.
Globe and Mail
2 days ago
- Automotive
- Globe and Mail
Why Archer Aviation Stock Skyrocketed Last Week
Key Points Archer Aviation stock saw big gains in conjunction with news that Joby Aviation had doubled its vehicle production capacity. Archer and Joby are competitors, but promising indicators in the eVTOL market often boost both companies valuations. Archer stock is also getting a boost from interest surrounding drones for the defense industry. 10 stocks we like better than Archer Aviation › Archer Aviation (NYSE: ACHR) stock closed out the past week of trading with big gains. At the end of Friday's trading, the electric-vertical-takeoff-and-landing (eVTOL) specialist's share price was up 26.5% from the previous week's market close. Archer Aviation roared higher following news that its competitor Joby Aviation is scaling up its manufacturing operations. Archer stock also got a boost from rising excitement surrounding drones for the defense industry. Archer stock soars on Joby news and drone bets On July 15, Joby Aviation published a press release announcing that it had doubled its vehicle production capacity at its Marina, California, manufacturing facility. The company also announced that it was ramping up components manufacturing and testing operations at its renovated plant in Dayton, Ohio. Even though Archer Aviation and Joby Aviation are competitors, the fledgling eVTOL market is still in its infancy and should be able to support multiple winners. At this stage, Joby's progress actually appears to be a bullish indicator for Archer's outlook. In addition to the Joby news, Archer stock got a boost as investors bet on companies that could be poised to benefit as the U.S. moves to strengthen its position in defense drones. Despite some volatile swings across the stretch, Archer Aviation stock is now up 36% across 2025's trading. With its latest valuation gains, Archer now has a market capitalization of roughly $7.3 billion. What's next for Archer Aviation? Joby's move to significantly increase its manufacturing operations could be a sign that the company expects to receive the necessary regulatory permits to begin operating in some key markets soon. If Joby receives regulatory approvals, there's a good chance that Archer Aviation will also be in good position to receive approvals to begin commercial operations for its Midnight craft. But while the potential commencement of commercial operations in the air-taxi space is likely to be the biggest factor in whether Archer posts meaningful revenue this year this year, news about eVTOLs and other drones designed for the defense industry could actually be a bigger catalyst for the stock in the near term. Should you invest $1,000 in Archer Aviation right now? Before you buy stock in Archer Aviation, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Archer Aviation 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 $652,133!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,056,790!* Now, it's worth noting Stock Advisor's total average return is 1,048% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 15, 2025
