logo
OKC company in 'hiring frenzy' as it gears up to help design new U.S. Navy doomsday plane

OKC company in 'hiring frenzy' as it gears up to help design new U.S. Navy doomsday plane

Yahoo20-02-2025
Oklahoma City-based Long Wave Inc. is in a 'hiring frenzy' as it gears up to participate in a $3.5 billion contract to develop the next generation doomsday plane for the U.S. Navy.
Long Wave is a subcontractor for Northrop Grumman on the project, which will result in 10% of the contract — $350 million — being paid out to the Oklahoma City company with work likely to continue beyond the initial six-year term.
Chris Lozano, chief marketing officer of Long Wave, said the company started expanding its office space in Midtown and warehouse north of the state Capitol in November as it began to realize the Northrop Grumman team was likely to win the bid to design and build the E-130J. The plane will replace the E-6B Mercury used by the Navy's TACAMO (Take Charge and Move Out) mission.
'This is the largest contract we've ever been awarded,' Lozano said. 'The company operates at around $30 million a year and it's been like that for the past decade. When you add a big contract like this, it triples the size of the company.'
The TACAMO mission provides connectivity between the National Command Authority and U.S. nuclear forces across the globe. In addition to Long Wave, the Northrop Grumman team includes Lockheed Martin, Skunk Works, Raytheon and Crescent Systems.
Be the first to know: Sign up for breaking news email alerts
The E-130J is part of the United States' nuclear modernization program, which includes new Columbia-class ballistic missile submarines, new bomber aircraft such as the B-21 Raider, and Sentinel, a new ground-based system to replace the silo-based Minuteman III intercontinental ballistic missiles.
The E-130J is referred to as a doomsday plane because it is intended to ensure U.S. leadership can always communicate with nuclear forces to order or cancel strikes, even if ground-based communications are unavailable.
Oklahoma City's ties to the U.S. Navy dates to when the TACAMO mission was centralized at Tinker Air Force Base in 1992. Long Wave was founded three years later at Tinker by the late Phil Miller. Long Wave's first project with TACAMO provided a low frequency analysis that supported the connectivity with the nation's submarine force.
TACAMO retirees accounted for about a third of Long Wave's workforce prior to the E-130J contract award.
'We recruit heavily from that community,' Lozano said. 'I used to fly with that community. I know these guys and ladies really well. When the cream of the crops are about to retire, we're one of the first stops they make on their job tour to see if they can work for us.'
Lozano said the new project is transforming the company from a small to large business, which is the sort of economic growth being pursued by state and local economic development agencies.
'We are in a hiring frenzy right now,' Lozano said. 'Prior to the award, we had about 120 employees. We're up to 155 and we still need another hundred. We hope to be up to 250 by the end of 2025. These are systems software and electrical engineers.'
Lt. Gov. Matt Pinnell, one of several state officials working with Long Wave on its expansion, said the company is likely to qualify for quality jobs and engineering incentives.
'The aerospace and defense industry is in the center of our strategy to diversify our economy,' Pinnell said. 'We love it when we're getting phone calls from businesses that want to relocate to Oklahoma, but it's even better when we have companies grow from a couple of employees to hundreds.'
The Oklahoma Department of Commerce reports the aerospace and defense industry is the state's second-largest and fastest-growing industry with a $44 billion annual economic impact.
Pinnell said he expects Oklahoma's defense-related employment to continue to grow based on weekly discussions with the industry and observations of growth taking place in Oklahoma City, Tulsa, Lawton and elsewhere in the state.
'This industry has grown so rapidly that we now have a defense industry association in Oklahoma that was formed over the past few years,' Pinnell said. 'It's not only diversifying our economy, it's helping statewide growth.'
This article originally appeared on Oklahoman: OKC's Long Wave hiring dozens of engineers to design doomsday plane
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

The ultra-rich own more second homes in Miami than in any other city on earth
The ultra-rich own more second homes in Miami than in any other city on earth

Miami Herald

time22 minutes ago

  • Miami Herald

The ultra-rich own more second homes in Miami than in any other city on earth

Lavish houses, often second or third residences, dot much of Miami's waterfront. These are increasingly the homes of the ultra-wealthy — those with net worths exceeding $30 million. They've flocked in such great numbers that Miami is now the top global city for second homes of ultra-high net worth individuals, a new report found. Some 13,200 such people, the most of any city on the planet, now keep a second home in the Miami metro area, according to Altrata, a wealth intelligence firm. In total, when you factor in primary residences, nearly 17,500 ultra-wealthy people have houses in Miami, the fourth-largest über-rich population in the world behind New York, Los Angeles and Hong Kong. And that trend, building for more than half a decade, doesn't seem poised to stop anytime soon, said David Siddons, CEO of the David Siddons Group, a luxury real estate firm in Coral Gables. The stage was set for such a massive influx of wealth back in 2017, noted Ned Murray, associate director of FIU's Metropolitan Center and an expert on South Florida's housing market. That year's Tax Cuts and Jobs Act, known as the Trump Tax Cuts, capped formerly limitless state and local tax deductions at $10,000. Previously, taxpayers could discount property, income and sales taxes paid to their local governments from their federal income taxes. That, said Murray, made living in high-tax states like New York or California less attractive relative to no-income tax states like Florida. But it was COVID, and the accompanying restrictions across much of the country, that drove the mega-wealthy to Florida. Lax pandemic rules, a favorable tax environment, a warm climate and booming luxury investment opportunities combined to make the Sunshine State, particularly South Florida, a magnet for the ultra-rich, said Glen Steward, founder of Stewards Investment Capital, a South Africa-based investment firm. Miami's population of millionaires nearly doubled in the 10 years before 2024, with much of that growth happening during and after the pandemic. Altrata estimates that there are 358 Miami-area residents for every ultra-wealthy homeowner. Per the wealth intelligence company, nearly 23% of ultra-rich Miami homeowners work in banking or finance, while 17% work in business and 11% work in real estate. Arriving in Miami flush with cash, they quickly and dramatically reshaped the local housing market, which to them was relatively cheap, Murray pointed out. Data from the Miami Association of Realtors shows the average purchase price of single-family homes — which the ultra-wealthy tend to prefer over condos, noted Siddons — in Miami-Dade nearly doubled between mid-2020 and mid-2021, jumping from $583,094 to over $1 million in just one year. Almost a quarter of those nearly 4,500 sales were paid in cash, a 174% increase over the previous year. The total amount of money spent on single-family homes in the county during those 12 months exploded by almost 200% to $4.6 billion. 'It was a different buyer' — one that was far wealthier than the typical snowbird of years past — that drove that housing boom, said Murray. And those buyers attract more of the same. 'Whatever's hot and new, no one wants to be left out,' said Steward. But the ultra-wealthy second home dynamic poses a particular threat to some neighborhoods, Murray posited. Year-round residents, he said, provide essential support to local businesses — the shops and restaurants that give communities character. It's also driven up costs, both in areas the ultra-wealthy favor — think, the star-studded islands strewn across Biscayne Bay — as well as in cities or neighborhoods where less wealthy but still well-off incomers look to settle or might increasingly in the future, like North Miami Beach, Little Haiti, Little Havana and even Hialeah, all of which are close to the urban corridor and are still relatively economical, Murray said. That, in turn, pushes affordable housing for workers in well-off neighborhoods like South Beach or Coral Gables farther and farther away. Zoning changes — like the one recently passed by the city of Miami — that increase density, particularly around transit hubs, theoretically have the potential to increase housing for workers. But whether or not such changes bring truly affordable housing remains to be seen. To combat the city's housing cost problem, the Metropolitan Center released its Affordable Housing Master Plan for the city of Miami back in 2020. Among its proposed solutions was an aggressive campaign of land banking — the purchase and holding of vacant properties to eventually repurpose them. The plan estimated that more than 90,000 new housing units could be built across the city of Miami's vacant properties — enough to cover the estimated 90,000-unit affordable housing shortage for Miami-Dade households making less than $75,000 a year. A vacancy tax on properties that sit empty for at least six months a year — as many ultra-wealthy vacation homes do — was also proposed as a means to fund affordable housing, as was a trust fund to finance such projects. 'Of course, it never got adopted,' lamented Murray, one of the plan's authors. 'And now,' he added, 'things are worse, because land prices are much higher.' This story was produced with financial support from supporters including The Green Family Foundation Trust and Ken O'Keefe, in partnership with Journalism Funding Partners. The Miami Herald maintains full editorial control of this work.

Hex Trust Integrates Etherlink and Enables Custody for Tokenized Uranium, xU3O8
Hex Trust Integrates Etherlink and Enables Custody for Tokenized Uranium, xU3O8

Business Insider

time23 minutes ago

  • Business Insider

Hex Trust Integrates Etherlink and Enables Custody for Tokenized Uranium, xU3O8

Hong Kong, Hong Kong, August 12th, 2025, Chainwire Hex Trust, a leading digital asset financial institution specializing in custody, staking, and markets services, has announced support for Etherlink, a high-performance, EVM-compatible Layer 2 network built on Tezos. As part of the integration, Hex Trust now offers custody support for xU3O8, a tokenized uranium asset issued on Etherlink, reinforcing its commitment to the real-world asset (RWA) ecosystem. The integration is supported by Trilitech, the R&D adoption hub working on the Tezos blockchain platform and the team behind Etherlink, which is working with Hex Trust to connect institutional clients seeking secure custody for xU3O8 and other Etherlink-based assets. The xU3O8 token is listed across multiple exchanges, making it one of the most accessible examples of on-chain commodity tokenization. Hex Trust offers licensed and compliant custody to safeguard tokenized commodities. By supporting Etherlink and xU3O8, Hex Trust provides market participants with access to institutional-grade RWA infrastructure, facilitating custody solutions for assets that bridge the gap between traditional finance and blockchain-based settlement. 'Tokenized commodities like uranium are gaining institutional interest as more real-world assets move on-chain,' said Giorgia Pellizzari, Head of Custody at Hex Trust. 'By integrating Etherlink, we reinforce our support for the Tezos ecosystem, and highlight our continued focus on delivering secure, regulated custody for institutions engaging with the evolving landscape of real-world asset tokenization.' "We're really excited to see Hex Trust embracing xU3O8," said Ben Elvidge, the Head of Commercial Applications at Trilitech. 'Uranium is a perfect fit for this kind of innovation. It's a physical asset that's tough for most investors to access, the market has pricing issues, and now we can solve both problems with blockchain rails. Having a proper regulated custodian like Hex Trust in the mix just makes it that much easier for institutions to dip their toes in the water." This development reinforces Hex Trust's role in enabling institutional access to tokenized real-world assets. With licenses in major global financial hubs including Hong Kong, Singapore, Dubai, and Italy, Hex Trust continues to deliver secure and compliant infrastructure for tokenization, custody, and execution. About Hex Trust Established in 2018, Hex Trust offers regulated institutional digital asset custody, staking, and markets services to builders, investors, and service providers. For more information, visit or follow Hex Trust on LinkedIn, X, and Telegram. About Etherlink and xU3O8 Etherlink is a non-custodial, EVM-compatible Layer 2 blockchain powered by Tezos Smart Rollups. xU3O8 makes it possible to digitally own and transfer uranium using Etherlink. The initiative is supported by Curzon, a global uranium trading company, and Archax, the first registered digital securities crypto exchange in the UK. For more information about xU3O8, visit or follow xU3O8 updates on LinkedIn, X, and Telegram. DISCLAIMER: This post is for informational purposes only and is not financial, investment or other advice, nor a recommendation, endorsement, offer, solicitation or sale of any kind in any jurisdiction. As always, users should do their own research are urged to seek independent financial, investment and other advice before taking any initiative in connection with the information contained herein. The information contained in this article is intended to be current at the time of publication, but may not remain so indefinitely. Products or services mentioned in this material are subject to legal and regulatory requirements in applicable jurisdictions and may not be available in all jurisdictions nor to all persons. Contact Comm & PR Sara Moric

Ford Following Ram's Lead For Its Future Electric Trucks
Ford Following Ram's Lead For Its Future Electric Trucks

Newsweek

timean hour ago

  • Newsweek

Ford Following Ram's Lead For Its Future Electric Trucks

Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Ford's truck future may be electrified, but not all electric. Representatives for the Dearborn, Michigan-based automaker, including CEO Jim Farley, expressed interest in EREV, or Extended Range Electric Vehicle, technology at Ford's "Model T moment" event in Louisville, Kentucky, yesterday. "We're now number three in hybrid, we're number two in EVs, and we're number one in combustion," Farley told reporters. "We really like EREVs for a certain duty cycle. It makes a lot of sense for customers, but the key is: Can you execute it the right way, and can you do it profitably, with the right size battery? And, we're excited to show everyone when that comes through." The comment follows the interest Farley expressed during the company's Q4 2024 earnings call, saying the technology is a better solution for large truck and SUV drivers than battery-electric powertrains. In response to a reporter's question at the Louisville event, Doug Field, Ford's chief EV, digital and design officer, explained that he was in the city to discuss the new, battery-electric midsize truck his company had developed, but with a glimmer in his eye and a half-smile on his face explained that the platform that truck was developed on is scalable and intimated that it's capable of being the base for EREV technology. Alan Clarke, executive director of advanced EV development at Ford, sitting next to Field, nodded in agreement while wearing a similar smirk. EREVs combine motors, a battery pack and generator that work together with an internal combustion engine to maximize efficiency. The engine doesn't move the vehicle forward, rather its power is turned into electrical power and motors make the vehicle move. A large part of Ford's business is large trucks. The company's F-Series is the top-selling truck in the country for 47 years straight. A Ford F-250 Super Duty with an internal combustion engine, weighing between 5,600 and 7,500 pounds, can tow up to 22,000 pounds in some current configurations. GMC's Hummer EV weighs 9,000 pounds, thanks in large part to its 2,800-pound battery, and can tow just 12,000 pounds in its most capable variant. Ford's interest brings a natural comparison to the one American automaker actively pursuing the technology for its pickup truck line, Ram. In fact, Tim Kuniskis, Ram Brand CEO, recently revealed that the EREV of the company's 1500 full-size pickup truck has leapfrogged Ram's planned battery-electric truck in terms of an on-sale date. The plan is to now bring it to market in early 2026. The Ram 1500 Ramcharger is advertised as delivering a 690-mile all-electric range, 14,000-pound maximum towing capacity, 2,625 maximum payload capacity and 647 horsepower. The Ram 1500 is one classification size smaller than the Ford Super Duty. With Ford's new midsize truck being the first vehicle off the line for the company on the new platform, it is likely that a new EREV truck would come to market after that date.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store