Author: Defenceline Webdesk
BOCHK Asset Management Ltd reduced its position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM – Free Report) by 50.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,677 shares of the semiconductor company’s stock after selling 4,816 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for approximately 0.4% of BOCHK Asset Management Ltd’s investment portfolio, making the stock its 27th biggest holding. BOCHK Asset Management Ltd’s holdings in Taiwan Semiconductor Manufacturing were worth $1,421,000 at the end of the most recent quarter.…
M776 cannons is the main armament for the M777 system. Credit: U.S. Army. BAE Systems has received a $146m contract to begin manufacturing M776 cannons, the primary armament for the US Army’s M777 towed 155mm howitzer. The undefinitised contract establishes, for the first time, a second source for the cannon’s production within the US. Discover B2B Marketing That Performs Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms. Find out more The M776 barrels and associated parts were also manufactured at Watervliet Arsenal in New York. This manufacturing initiative is aimed at accelerating the…
The Indian government has formalised a strategic plan for the indigenous design and development of an unmanned combat search and rescue (CSAR) aircraft dedicated to the Indian Air Force.This initiative aims to facilitate the recovery of downed aircrew during high-risk missions without necessitating the deployment of manned aircraft, thereby preserving the lives of rescue pilots in hostile environments.Officials have confirmed that this project has already received approval in principle under the framework of the Defence Acquisition Procedure (DAP) 2020.Beyond its primary rescue function, the proposed autonomous system is intended to serve as a versatile logistics platform. It will be capable…
Machi, AvWeek The Pentagon is weighing whether to cancel the U.S. Space Force’s GPS enterprise’s beleaguered ground control system program after years of cascading delays, ballooning costs… Source link
Cardinal Capital Management Inc. raised its holdings in United Rentals, Inc. (NYSE:URI – Free Report) by 1.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,773 shares of the construction company’s stock after buying an additional 712 shares during the quarter. Cardinal Capital Management Inc. owned approximately 0.07% of United Rentals worth $33,808,000 at the end of the most recent quarter. Several other hedge funds and other institutional investors also recently added to or reduced their stakes in URI. Aventura Private Wealth LLC purchased a new stake…
The National Quantum Mission has achieved a remarkable milestone with the successful demonstration of a 1,000‑kilometre quantum communication network within less than two years of its launch, announced PI..This achievement, one of the longest such deployments globally, marks rapid progress against the mission’s target of 2,000 kilometres over an eight‑year period.Union Minister for Science and Technology Dr Jitendra Singh was briefed on this development during a review of the Department of Science and Technology.The milestone was realised using indigenous technology developed by QNu Labs, a start-up supported under the mission and specialising in quantum‑safe cybersecurity solutions. This represents one of the most…
RN Prasher, Asia Times War has transformed Middle East, shattered NATO, unnerved China, diminished Russia and exposed the limits of U.S. power Source link
AllGen Financial Advisors Inc. increased its position in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) by 13.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,544 shares of the exchange traded fund’s stock after acquiring an additional 1,479 shares during the period. Invesco QQQ makes up about 1.8% of AllGen Financial Advisors Inc.’s holdings, making the stock its 13th biggest position. AllGen Financial Advisors Inc.’s holdings in Invesco QQQ were worth $7,706,000 at the end of the most recent reporting period. Other hedge funds and other institutional investors…
The drone manufacturing start-up BonV Aero has officially broken ground on a substantial ₹300 crore unmanned aerial vehicle (UAV) facility located in Khordha, Odisha. This ambitious project is designed to bolster domestic drone production and foster high-level aerospace innovation within the region.Spanning a 2.5-acre site, the new installation is set to serve as an integrated UAV hub. It will house dedicated drone assembly lines alongside a Drone Centre of Excellence and an industrial skilling centre to cultivate local talent.Furthermore, the facility will introduce Odisha’s first drone park specifically for testing purposes. The site will also feature an experience centre and…
Eve Sampson, MC Times A new rotation of U.S. Marines in the Philippines suggest the force may be maintaining a more continuous presence in the country Source link