Outlook 2021 Part II: USD Depreciation, Bullish Commodities, Recession Risk investing.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investing.com Daily Mail and Mail on Sunday newspapers.
This is the second of three articles on the outlook for 2021.Â
In the first article I focused on Raymond Lo (Feng Shui Master), the Year of the Metal Ox and the potential for both more disaster and better times, depending upon where one looks.
Moving from astrology, with the Dow now over 30,000 (give or take), we have a good pivotal number to watch as 2021 begins.Â
The rotation into the iShares Russell 2000 [IWM] should continue and a dip or correction, especially if it gets closer to $170, would be welcomed. Along with IWM, Retail and Transportation are two sectors that we will also look to buy on a correction.
A secured U.S. Air Force contract could benefit Clinton-Sherman Airport near Burns Flat.
Last week it was announced that Kratos Defense & Security Solutions had secured a contract worth about $37.8 million to provide their Valkyrie aircraft to the U.S. Air Force as part of its Skyborg program.
The Valkyrie is an unmanned aerial vehicle that operates much like a fighter aircraft, designed to fly in tandem with a crewed fighter jet.
President of Kratos’ unmanned systems division Steve Fendley said the contract award includes three phases of design, integration, and flight testing of the Valkyrie system, integrating multiple customer-defined mission payloads and customer-defined autonomy in coordination and cooperation with the Skyborg System Design Agent company, Leidos.
An XQ-58A Valkyrie low-cost unmanned aerial vehicle launches at the U.S. Army Yuma Proving Ground, Ariz., Dec. 9, 2020. The acquisition team – comprised of Air Force Research Laboratory and Air Force Life Cycle Management Center personnel working in conjunction with Eglin Air Force Base, Fla.’s 46th Test Squadron – came together to conduct the historic test. (Air Force photograph by Staff Sgt. Joshua King)
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During the test event, an F-22 Raptor and F-35 Lightning, the Air Force’s two fifth-generation fighters formed up off the wings of the smaller Valkyrie as it continued to fly autonomously in formation. This is a major milestone in the service’s efforts to provide low cost force multipliers in relevant operational environments.
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Naval Air Systems Command Exercises Option for an Additional $38.7 Million for Full Rate .
Kratos Defense & Security Solutions, Inc.December 10, 2020 GMT
SAN DIEGO, Dec. 10, 2020 (GLOBE NEWSWIRE) Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), a leading National Security Solutions provider and industry-leading provider of high-performance, jet-powered unmanned aerial systems, announced today that Kratos has received an additional $38,691,360 from the U.S. Navy for Lot 2 of its recently-awarded Full Rate Production (FRP) contract for an additional 48 BQM-177A Subsonic Aerial Targets (SSAT) and associated technical data.