WASHINGTON (Reuters) – Lockheed Martin plans to unveil a new “affordable” cruise missile on Monday with a cost of about $150,000 and a range of over 500 miles (800 km) as the defense contractor works to tap a U.S. need to deter Chinese ambitions in the Pacific. Russia’s invasion of Ukraine has pushed U.S. and…
(Reuters) – Synopsys is looking to sell about $10 billion of bonds as soon as next week to help finance its acquisition of software maker Ansys, Bloomberg News reported on Friday, citing people with knowledge of the matter. The company asked Bank of America, HSBC Holdings and JPMorgan Chase to organise a series of fixed-income…
(Reuters) -Spirit AeroSystems reported a $577 million fourth-quarter operating loss on Friday, swinging from $215 million in operating income a year earlier, which was helped by a funding agreement with key customer Boeing. The major supplier to the U.S. planemaker reported $2.1 billion in net losses for 2024, and it “will need to obtain additional…
By Idrees Ali and Phil Stewart WASHINGTON (Reuters) -U.S. Army Lieutenant General Telita Crosland, the head of the military’s health agency and one of the most senior Black female officers in the Army, was forced to retire on Friday, two sources told Reuters. The move comes just a week after President Donald Trump fired the…
BEIJING (Reuters) – Chinese AI startup DeepSeek on Saturday disclosed some cost and revenue data related to its hit V3 and R1 models, claiming a theoretical cost-profit ratio of up to 545% per day, though it cautioned that actual revenue would be significantly lower. This marks the first time the Hangzhou-based company has revealed any…
