Author: Defenceline Webdesk

Middle Eastern oil exporters are scrambling to explore alternative routes to get their oil and gas exports out of the region. The closure of the Strait of Hormuz has triggered a huge energy supply crisis, reported CNBC.Experts say Iran’s gambit with the Strait of Hormuz will likely backfire long-term, as exporters seek permanent alternative supply routes for their products.Middle Eastern oil and gas producers are still scrambling to find and expand alternative routes for their exports, almost two months after the critical Strait of Hormuz was effectively shut to commercial traffic. There is still little clarity on when or how the…

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Halliburton (NYSE:HAL – Get Free Report) had its price target raised by equities research analysts at HSBC from $40.00 to $46.00 in a research report issued on Wednesday,MarketScreener reports. The brokerage presently has a “buy” rating on the oilfield services company’s stock. HSBC’s price target suggests a potential upside of 16.03% from the company’s current price. Several other research analysts have also recently issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Halliburton in a research report on Friday, April 10th. Piper Sandler upped their target price on Halliburton from $34.00 to $40.00 and…

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In late March, the People’s Liberation Army unveiled its Atlas drone swarm system, a mobile battlefield platform designed to deploy and coordinate large numbers of drones from a single command point. Mounted on vehicles, the system is intended to launch up to 96 drones in a coordinated swarm, with control consolidated under one operator. Chinese state-linked reporting describes it as a mobile ‘mini-battlefield network’, integrating rapid launch capability, mobility, and multi-role drone functions. The system reflects a broader shift in modern warfare towards networked, unmanned operations. Built around a Swarm-2 combat vehicle, a command unit, and a support vehicle, Atlas is…

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Consolidated Investment Group LLC increased its holdings in Meta Platforms, Inc. (NASDAQ:META – Free Report) by 61.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,900 shares of the social networking company’s stock after buying an additional 3,000 shares during the period. Consolidated Investment Group LLC’s holdings in Meta Platforms were worth $5,215,000 as of its most recent filing with the Securities and Exchange Commission. Several other institutional investors have also made changes to their positions in META. Sentinel Pension Advisors LLC raised…

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Lockheed Martin has positioned its S-92 helicopter as a leading contender for India’s forthcoming VVIP transport requirements, specifically aimed at Head of State and high-profile missions. The aerospace giant is underscoring the aircraft’s impeccable safety record, global operational success, and its strong “Make in India” credentials through its partnership with the TATA Group. While maintaining its usual discretion on active negotiations, Lockheed Martin has openly described the S-92 as an ideal fit for India’s most sensitive aviation duties, ensuring the platform remains prominent in any imminent procurement decisions. The S-92, developed by Sikorsky, a Lockheed Martin subsidiary, is a heavy-lift…

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Caprock Group LLC grew its position in shares of ServiceNow, Inc. (NYSE:NOW – Free Report) by 413.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 25,200 shares of the information technology services provider’s stock after purchasing an additional 20,290 shares during the quarter. Caprock Group LLC’s holdings in ServiceNow were worth $3,860,000 as of its most recent SEC filing. Other hedge funds have also recently added to or reduced their stakes in the company. IAG Wealth Partners LLC raised its holdings in ServiceNow by 200.0% during the 3rd…

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Former Army Chief General MM Naravane (Retd) has spoken out following the controversy surrounding his unpublished memoir Four Stars of Destiny.In separate interviews with news channels, he described it as “totally unfair to drag me and the armed forces into politics” by using an unpublished book to score points. He firmly rejected claims that he had been abandoned by the government during the 2020 LAC standoff with China, stressing that he had full backing at the time.Naravane addressed the incident in Parliament when Leader of Opposition Rahul Gandhi brandished a copy of his unpublished memoir to criticise the Modi government.He…

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