(Bloomberg) The Pentagon is seeking to boost research and development of new technologies such as artificial intelligence, microchips, and hypersonic weapons in its proposed budget, shifting toward deterring China and Russia and away from decades-long counterterrorism operations in the Middle Eas
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Investing in defense companies is considered to be a safe bet. Such companies enjoy some form of stability in their revenue because a significant portion of their revenue comes from the government. If you are planning to invest in this sector, it is important that you are aware of the big payers in the Aerospace and Defense sector. To help you, detailed below are the ten bigge
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(Bloomberg) The Pentagon is seeking to boost research and development of new technologies such as artificial intelligence, microchips, and hypersonic weapons in its proposed budget, shifting toward deterring China and Russia and away from decades-long counterterrorism operations in the Middle East.
The Defense Department is asking for an unprecedented $112 billion for research and development in fiscal year 2022, a 5% increase from this year’s $106.6 billion request.
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But some Republican lawmakers are already denouncing as inadequate the overall $715 billion defense request in the budget proposal that President Joe Biden sent to Congress on Friday. It would be 1.6% more than the $704 billion enacted for this year but would amount to a decrease of about 0.4% in real terms adjusted for inflation.
US Navy orders two REMUS 300 UUVs from HII
by Nishant Kumar
Huntington Ingalls Industries (HII) announced on 25
May that it has received an order for two REMUS 300 unmanned underwater vehicles (UUVs) from the US Navy (USN). The UUVs are scheduled to be delivered by mid-2022.
Hydroid s REMUS 300 UUV is being evaluated by NIWC as a potential solution for the next-generation SUUV programme. (Hydroid)
HII subsidiary Hydroid delivered a prototype of its REMUS 300 UUV to the USN in February last year for evaluation by the USN s Naval Information Warfare Center (NIWC) as a potential solution under the next-generation small-class UUV (SUUV) programme.