Investing
US Army ends Future Attack Reconnaissance Aircraft program
© Reuters.
(Reuters) – The U.S. Army said on Thursday it was abandoning its development of a Future Attack Reconnaissance Aircraft (FARA), a next-generation scout helicopter, after some $2 billion had already been spent on the program.
The Army said that after a “sober assessment of the modern battlefield” it would instead increase investment in unmanned aircraft.
“We are learning from the battlefield – especially in Ukraine – that aerial reconnaissance has fundamentally changed,” Army Chief of Staff General Randy George said in a statement.
The Army began the FARA program in 2018 and two years later picked designs by Textron (NYSE:)’s Bell unit and Sikorsky, a division of Lockheed Martin (NYSE:) Company.
The Army said that in addition to ending development of the FARA helicopter program, it would cease production of the UH-60V version of the Black Hawk.
Read the full article here
Kickstart Your Year With These Entrepreneurial Health Checkups
Government Shutdown Could Cost US Economy $6 Billion a Week
How Leadership Must Evolve in the Age of AI
How to Motivate, Inspire and Energize Your Employees
The Federal Reserve announced a third rate cut; fewer are expected in 2025
Regulatory conditions on Novo Holdings’ $16.5 billion Catalent deal fulfilled, companies say By Reuters
5 Surprising Ways Trump’s Trade Agenda Could Affect What You Pay at Checkout
Quantum stock soars on new file system client By Investing.com
The Day Trader’s Guide to Making Money Without Tying to a Desk
Trump signals potential reconsideration of TikTok ban By Investing.com
Debt ceiling debate and its effect on the U.S. dollar
Debt ceiling default: Still no deal between parties
Stovall: If the U.S. defaults on its debt, all S&P 500 sectors will likely fall
What China's weaker-than-expected economy could mean for U.S. markets
A ‘Big Short’ investor sees financial disaster brewing in housing markets — again
-
Investing7 days agoRegulatory conditions on Novo Holdings’ $16.5 billion Catalent deal fulfilled, companies say By Reuters
-
Make Money3 days ago5 Surprising Ways Trump’s Trade Agenda Could Affect What You Pay at Checkout
-
Investing3 days agoQuantum stock soars on new file system client By Investing.com
-
Side Hustles4 days agoThe Day Trader’s Guide to Making Money Without Tying to a Desk
-
Investing5 days agoTrump signals potential reconsideration of TikTok ban By Investing.com
-
Side Hustles3 days agoHow Charlotte’s Rally Pickleball Got Its Start
-
Passive Income4 days agoHow Mission-Driven Leadership Fuels Growth in the Digital Era
-
Side Hustles22 hours agoKickstart Your Year With These Entrepreneurial Health Checkups