News · Yahoo Finance

USAF Doesn't Want Northrop Grumman's Stealth Drone

The U.S. Air Force awarded Collaborative Combat Aircraft (CCA) production contracts to General Atomics (FQ-42 Vengeance) and Anduril (FQ-44 Fury), leaving Northrop Grumman, Boeing and Lockheed Martin out of the hardware competition. Northrop still made the list of CCA software vendors, alongside Anduril, General Atomics, Lockheed Martin, RTX and Shield AI. Using its own funds, Northrop built the YFQ-48A Talon Blue, a fixed-wing prototype based on a Scaled Composites aircraft, which made a fully autonomous first flight earlier this month running Northrop's Prism Mission Autonomy software. The drone is powered by a single Pratt & Whitney PW500 turbofan with a reported 700-mile range, and Northrop may enter it in the Increment 2 competition. If the Air Force does not buy it, the article notes the company would likely write off the cost as research and development.

Summary written by Upside AI from the original article. Read the source for full details.

Read the original on Yahoo Finance ↗

Keywords

defenseNorthrop Grummandrones

Open a keyword to see other news on the same topic.

Related news

  • Google Partner Novacore Labs and AIBotics Complete Acquisition of Assets, Expanding AI, Drone, Mapping and Automation Platform in Jamaica

    AIBotics, Inc. (OTCID: AIBT) has completed its acquisition of the operating assets of NovaCore Labs from PlayJamaica Limited, expanding its presence in Jamaica and across CARICOM. The assets include 10 service robots, six commercial drones, mapping equipment, a mapping vehicle, and the NovaCore brand and intellectual property. The consideration is 22,500 shares of Series B Preferred Stock with a stated value of $225,000, plus an earn-out of up to $3.0 million in additional preferred stock if cumulative gross revenue reaches $500,000, $1.5 million, $3.0 million and $5.0 million over four years. Gregory Moore will lead the business as president, with a budget targeting $1.0 million of capital deployment over 12 months, while NovaCore plans to expand AI, LiDAR and geospatial services, drone operations, automation, and training programs with the University of the West Indies Global Campus and the University of Technology.

    Yahoo Finance·mergers and acquisitionsartificial intelligenceAIBotics

Related markets

US stocks →

Latest news

  • Bitcoin ETFs just saw their biggest day in a month thanks entirely to BlackRock

    U.S. spot bitcoin ETFs took in $526.6 million on Monday, the largest daily net inflow in nearly a month, driven entirely by BlackRock's iShares Bitcoin Trust (IBIT), which pulled in $665.2 million, its biggest daily inflow since Oct. 7 last year, according to SoSoValue data. Fidelity's FBTC lost $83.6 million and Grayscale's GBTC shed $54.9 million, while the remaining funds recorded no net flows. The inflow more than erased last week's $228.5 million of withdrawals, but funds remain about $90.5 million in net outflows for October, according to CoinDesk calculations. Ether funds moved the opposite way, losing $103.3 million in their fourth consecutive session of outflows, with BlackRock's ETHA accounting for $95.4 million of that.

    CoinDesk·▲ BTC/USDTbitcoinETFcapital flows
  • A Big4 bank cut deposit rates in the morning, then raised them again in the afternoon

    VietinBank cut its deposit rates for terms of 6 months and longer on the morning of Oct. 20, then restored them to pre-adjustment levels by the afternoon. Its afternoon rate board showed 3.5% per year for 6 to under 12 months, 5.9% for 12 to under 24 months and 6% for 24 months and longer, versus 3%, 5.4% and 5.5% in the morning. Rates for terms under 6 months stayed unchanged, including 2.1% for 1 to under 3 months and 2.4% for 3 to under 6 months. The move came as banks followed the State Bank of Vietnam's guidance to cut deposit rates by at least 0.5 percentage points for terms of 6 months and longer, and Vietcombank and Agribank were among those reducing rates.

    CafeF·• BID• CTG• VCBinterest ratesbanksState Bank of Vietnam
  • IVV vs. SPY: Which S&P 500 ETF Is the Better Buy for Long-Term Investors?

    The article compares two ETFs that track the S&P 500, iShares Core S&P 500 ETF (IVV) and State Street SPDR S&P 500 ETF (SPY), which have nearly identical holdings. The main difference is the expense ratio: IVV charges 0.03% a year, one-third of SPY's 0.09%, and its distribution yield is about 1.1% versus 1% for SPY. SPY's high liquidity remains valuable for active traders. The article concludes that IVV is the better choice for long-term investors, since lower costs can compound over time.

    Yahoo Finance·ETFS&P 500IVV
  • Warren Buffett Is Issuing a Stark Warning About the Stock Market. Here's What History Says Comes Next.

    Warren Buffett has warned that investors are taking on too much risk, likening the market to 'a church with a casino attached' and saying people have never been in a more gambling mood. The article points to the S&P 500 Shiller CAPE Ratio, which has stayed above 40 since May of this year; historically, the only other time it held above that level for months was during the dot-com bubble, when it peaked around 44 before the bear market began in March 2000. The article notes that 40 is not an automatic trigger for a downturn, and no metric can predict timing. It suggests investors focus on quality stocks with solid fundamentals and be ready to hold them for at least a few years.

    Yahoo Finance·▼ SPY▼ QQQWarren BuffettvaluationS&P 500
  • Early Uber Investor Jason Calacanis Predicts Waymo Could Buy Lucid Or Rivian — Calls Its Chinese-Car Optics ‘Really Bad’

    Early Uber investor Jason Calacanis predicts Waymo will buy Lucid Group (LCID) or Rivian Automotive (RIVN), arguing that its reliance on Chinese-made Zeekr vehicles creates cost and reputational problems. He says the arrangement is technically not illegal today, but Waymo would need to pay a tariff of over 100%, and it has drawn national-security concerns on Capitol Hill. According to Semafor, Waymo aims to grow its fleet from about 4,000 vehicles to 8,000 by the end of 2026 and 20,000 by the end of 2027, after closing a $5 billion term loan and a $16 billion equity raise this year. Uber has committed to buying at least 35,000 Lucid vehicles, while its Rivian deal starts with 10,000 autonomous R2 SUVs, with rides expected to begin in 2028. Calacanis, who recently bought small stakes in Lucid, Rivian, WeRide (WRD) and Pony.ai (PONY), expects consolidation in the autonomous-driving sector within 24 months.

    Yahoo Finance·Waymoself-driving carselectric vehicles
  • Prediction: Oct. 21 Will Be a Huge Day for the Stock Market

    The article predicts October 21 could be a pivotal day for the stock market, as Meta Platforms (META) becomes the first of the "Magnificent Seven" tech giants to report third-quarter earnings after the close. In its latest quarter, Meta's total revenue rose 28% to $60 billion, with ad revenue at $59 billion. Investors will be watching whether its capital spending, now about 35% of revenue, is translating into growth. Meta's report could hint at the earnings outlook for other tech giants and set the direction for the S&P 500 in the coming days, with the first trading session after the report on Thursday.

    Yahoo Finance·earningsMETAAI investment

All news →

Get the briefing on Telegram or Zalo

Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.