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The Latest Breaking News from Department of Defense

Alpine 4's Subsidiary Vayu Aerospace Inks Drone Sales Agreement With ENSCO

Alpine 4 Holdings Inc (NASDAQ ALPP) subsidiary, Vayu Aerospace Corporation, and ENSCO have entered into a procurement agreement to acquire the US-1 drone for its operations in the U.S. Deal terms were not disclosed. Vayu has developed use case applications for the Department of Defense, Homeland Security, Border Patrol, and several industrial sectors,…

Benzinga

How fairy tales shape fighting spirit: Ukraine's children hear bedtime stories of underdog heroes, while Russian children hear tales of magical success

At the outset of Russia’s invasion, almost no one in the West expected that Ukraine would be able to offer Russia any kind of serious opposition to its unprovoked aggression.

The Conversation

U.S. Republicans want higher defense spending, citing Ukraine and China

A group of 40 U.S. Republican members of the Senate and House of Representatives Armed Services Committees urged President Joe Biden to include a 5% increase above inflation for defense spending in his proposal for the fiscal 2023 U.S. budget.

Reuters

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US DoD Selects Vectrus For Development Of 5G Smart Warehouse

Vectrus Inc (NYSE:VEC) has been selected by the Department of Defense to complete the final phases of application development for a 5G Smart Warehouse at Naval Base Coronado (NBC). The NBC 5G Smart Warehouse Assessment Team conducted a down select during Phase 1, comparing application solutions from three companies, including Vectrus. Vectrus successfully…

Benzinga

Immunoprecise, Elektrofi To Pursue Low-Volume Injectable Formulation Of IPA's COVID-19 Antibody Cocktail

Elektrofi and Immunoprecise Antibodies Ltd (NASDAQ:IPA) have collaborated to explore a high-concentration formulation of IPA's COVID-19 antibody cocktail, PolyTope TATX-03. The collaboration aims to generate an IND-enabling data package for the FDA for an alternatively formulated version of TATX-03, named TATX-03E, that could be easily self-administered in a non-healthcare setting. The parties anticipate formulating TATX-03E…

Benzinga

Yellow Agrees To Pay $6.8M To US DOD For Civil Litigation Settlement

Yellow Corp (NASDAQ:YELL) reached an agreement with the U.S. government, settling 13-year-old civil litigation with the Department of Defense (DOD). The company will make a cash payment of $6.8 million as part of the settlement agreement. The civil litigation was related to credits for the reweigh of certain freight shipments between 2005…

Benzinga

Fifth Circuit Refuses to Let Navy Enforce Vaccination Rules Against Religious Objectors

From U.S. Navy Seals 1-26 v. Biden, decided yesterday by the Fifth Circuit (by Judges Edith Jones, Kyle Duncan, and Kurt Engelhardt): The district court preliminarily enjoined the Department of Defense … from enforcing certain COVID-19 vaccination requirements against 35 Navy special warfare personnel and prohibited any adverse actions based…

Reason

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Capitol Police request National Guard as trucker convoy expected for State of the Union

WASHINGTON — The Department of Defense is considering a request from U.S. Capitol Police and the Washington, D.C., government to have the National Guard help respond to an expected truck convoy aimed at disrupting traffic around the Capitol ahead of the March 1 State of the Union.

Los Angeles Times

Wandering chicken taken into custody at Pentagon security area

The loose hen was found near the U.S. Department of Defense headquarters.

Chicago Sun-Times

‘Nervous’ wandering chicken caught at US Pentagon security checkpoint

Hen was found running loose near the US Department of Defense headquarters on the outskirts of Washington DC

The Guardian - US

Wells Fargo, Susquehanna Cut L3Harris Price Target Following Q4 Results

Wells Fargo analyst Matthew Akers lowered L3Harris Technologies Inc's (NYSE:LHX) price target to $240 (an upside of 15%) from $254 and maintained an Overweight rating on the shares. Akers notes the stock trades at a discount to its defense peers despite his belief that it is a portfolio well-matched to Department of Defense spending priorities…

Benzinga

Joe Biden warns Ukraine invasion 'virtually certain' and to prepare for impact

Biden spoke on the phone with Ukrainian President Volodymyr Zelensky about the possibility of an invasion by Russia as the US Department of Defense issued the chilling warning

Daily Mirror

Washington Again Signals Readiness to Hold Houthis to Account

The US administration once signaled the option of "holding Houthis accountable" after the Iran-backed militias targeted Abu Dhabi in the United Arab Emirates and Saudi cities for the second time in less than a week. In official statements by the White House, State Department, and Department of Defense, the administration…

Asharq Al-Awsat

2 US carriers enter S. China Sea to 'counter malign influence'

TAIPEI: Two US aircraft carrier groups have entered the disputed South China Sea for training, the Department of Defense said on Monday in what a senior commander said was to reassure allies and demonstrate resolve to "counter malign influence".

Bangkok Post

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Reuters

U.S. carriers in South China Sea, Taiwan reports further Chinese incursion

Two U.S. aircraft carrier groups have entered the disputed South China Sea for training, the Department of Defense said on Monday as Taiwan reported a new Chinese air force incursion at the top of the waterway including a fearsome new electronic warfare jet.

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