Latest news with #A273
The Advertiser
21-05-2025
- Business
- The Advertiser
Trump announces 'Golden Dome' US defence shield design
US President Donald Trump has selected a design for the Golden Dome missile defence shield and has named a Space Force general to head the ambitious program aimed at blocking threats from China and Russia. Trump announced on Tuesday at a White House press conference that US Space Force General Michael Guetlein would be the lead program manager for what the president said would be a $US175 billion ($A273 billion) project, an effort widely viewed as the keystone to Trump's military planning. Golden Dome will "protect our homeland," Trump said from the Oval Office and added that Canada had said it wanted to be part of it. The office of Prime Minister Mark Carney was not immediately available for comment. First ordered by Trump in January, Golden Dome aims to create a network of satellites to detect, track and potentially intercept incoming missiles. The shield could deploy hundreds of satellites for missile detection and tracking. At a cost of $US175 billion ($A273 billion), it will take years to implement, as the controversial program faces both political scrutiny and funding uncertainty. Democratic lawmakers have voiced concern about the procurement process and the involvement of Trump ally Elon Musk's SpaceX, which has emerged as a frontrunner alongside Palantir and Anduril to build key components of the system. "The new autonomous space-age defence ecosystem is more about Silicon Valley than it is about 'big metal,'" Senator Kevin Cramer of North Dakota said at the White House event. "So what's exciting about this is it makes it available to everybody to participate - to compete." "Big metal" refers to legacy defence contractors. The Golden Dome idea was inspired by Israel's land-based Iron Dome defence shield that protects it from missiles and rockets. Trump's Golden Dome is much more extensive and includes a massive array of surveillance satellites and a separate fleet of attacking satellites that would shoot down offensive missiles soon after lift-off. Tuesday's announcement kicks off the Pentagon's effort to test and ultimately buy the missiles, systems, sensors and satellites that will make up the Golden Dome. Trump, who said the project would be completed by the end of his term in January 2029, said Alaska will be a big part of the program and named Florida, Georgia and Indiana as also benefiting from the project. Many of the early systems are expected to come from existing production lines. Attendees at the press conference named L3Harris Technologies, Lockheed Martin and RTX Corp as potential contractors for the massive project. L3 has invested $US150 million ($A234 million) in building out its new facility in Fort Wayne, Indiana, where it makes the Hypersonic and Ballistic Tracking Space Sensor satellites which are part of a Pentagon effort to better detect and track hypersonic weapons with space-based sensors and could be adapted for Golden Dome. Golden Dome's funding remains uncertain. Republican lawmakers have proposed a $US25 billion ($A39 billion) initial investment for Golden Dome as part of a broader $US150 billion ($A234 billion) defence package, but this funding is tied to a contentious reconciliation bill that faces significant hurdles in Congress. "Unless reconciliation passes, the funds for Golden Dome may not materialise," said an industry executive following the program. "This puts the entire project timeline in jeopardy." US President Donald Trump has selected a design for the Golden Dome missile defence shield and has named a Space Force general to head the ambitious program aimed at blocking threats from China and Russia. Trump announced on Tuesday at a White House press conference that US Space Force General Michael Guetlein would be the lead program manager for what the president said would be a $US175 billion ($A273 billion) project, an effort widely viewed as the keystone to Trump's military planning. Golden Dome will "protect our homeland," Trump said from the Oval Office and added that Canada had said it wanted to be part of it. The office of Prime Minister Mark Carney was not immediately available for comment. First ordered by Trump in January, Golden Dome aims to create a network of satellites to detect, track and potentially intercept incoming missiles. The shield could deploy hundreds of satellites for missile detection and tracking. At a cost of $US175 billion ($A273 billion), it will take years to implement, as the controversial program faces both political scrutiny and funding uncertainty. Democratic lawmakers have voiced concern about the procurement process and the involvement of Trump ally Elon Musk's SpaceX, which has emerged as a frontrunner alongside Palantir and Anduril to build key components of the system. "The new autonomous space-age defence ecosystem is more about Silicon Valley than it is about 'big metal,'" Senator Kevin Cramer of North Dakota said at the White House event. "So what's exciting about this is it makes it available to everybody to participate - to compete." "Big metal" refers to legacy defence contractors. The Golden Dome idea was inspired by Israel's land-based Iron Dome defence shield that protects it from missiles and rockets. Trump's Golden Dome is much more extensive and includes a massive array of surveillance satellites and a separate fleet of attacking satellites that would shoot down offensive missiles soon after lift-off. Tuesday's announcement kicks off the Pentagon's effort to test and ultimately buy the missiles, systems, sensors and satellites that will make up the Golden Dome. Trump, who said the project would be completed by the end of his term in January 2029, said Alaska will be a big part of the program and named Florida, Georgia and Indiana as also benefiting from the project. Many of the early systems are expected to come from existing production lines. Attendees at the press conference named L3Harris Technologies, Lockheed Martin and RTX Corp as potential contractors for the massive project. L3 has invested $US150 million ($A234 million) in building out its new facility in Fort Wayne, Indiana, where it makes the Hypersonic and Ballistic Tracking Space Sensor satellites which are part of a Pentagon effort to better detect and track hypersonic weapons with space-based sensors and could be adapted for Golden Dome. Golden Dome's funding remains uncertain. Republican lawmakers have proposed a $US25 billion ($A39 billion) initial investment for Golden Dome as part of a broader $US150 billion ($A234 billion) defence package, but this funding is tied to a contentious reconciliation bill that faces significant hurdles in Congress. "Unless reconciliation passes, the funds for Golden Dome may not materialise," said an industry executive following the program. "This puts the entire project timeline in jeopardy." US President Donald Trump has selected a design for the Golden Dome missile defence shield and has named a Space Force general to head the ambitious program aimed at blocking threats from China and Russia. Trump announced on Tuesday at a White House press conference that US Space Force General Michael Guetlein would be the lead program manager for what the president said would be a $US175 billion ($A273 billion) project, an effort widely viewed as the keystone to Trump's military planning. Golden Dome will "protect our homeland," Trump said from the Oval Office and added that Canada had said it wanted to be part of it. The office of Prime Minister Mark Carney was not immediately available for comment. First ordered by Trump in January, Golden Dome aims to create a network of satellites to detect, track and potentially intercept incoming missiles. The shield could deploy hundreds of satellites for missile detection and tracking. At a cost of $US175 billion ($A273 billion), it will take years to implement, as the controversial program faces both political scrutiny and funding uncertainty. Democratic lawmakers have voiced concern about the procurement process and the involvement of Trump ally Elon Musk's SpaceX, which has emerged as a frontrunner alongside Palantir and Anduril to build key components of the system. "The new autonomous space-age defence ecosystem is more about Silicon Valley than it is about 'big metal,'" Senator Kevin Cramer of North Dakota said at the White House event. "So what's exciting about this is it makes it available to everybody to participate - to compete." "Big metal" refers to legacy defence contractors. The Golden Dome idea was inspired by Israel's land-based Iron Dome defence shield that protects it from missiles and rockets. Trump's Golden Dome is much more extensive and includes a massive array of surveillance satellites and a separate fleet of attacking satellites that would shoot down offensive missiles soon after lift-off. Tuesday's announcement kicks off the Pentagon's effort to test and ultimately buy the missiles, systems, sensors and satellites that will make up the Golden Dome. Trump, who said the project would be completed by the end of his term in January 2029, said Alaska will be a big part of the program and named Florida, Georgia and Indiana as also benefiting from the project. Many of the early systems are expected to come from existing production lines. Attendees at the press conference named L3Harris Technologies, Lockheed Martin and RTX Corp as potential contractors for the massive project. L3 has invested $US150 million ($A234 million) in building out its new facility in Fort Wayne, Indiana, where it makes the Hypersonic and Ballistic Tracking Space Sensor satellites which are part of a Pentagon effort to better detect and track hypersonic weapons with space-based sensors and could be adapted for Golden Dome. Golden Dome's funding remains uncertain. Republican lawmakers have proposed a $US25 billion ($A39 billion) initial investment for Golden Dome as part of a broader $US150 billion ($A234 billion) defence package, but this funding is tied to a contentious reconciliation bill that faces significant hurdles in Congress. "Unless reconciliation passes, the funds for Golden Dome may not materialise," said an industry executive following the program. "This puts the entire project timeline in jeopardy." US President Donald Trump has selected a design for the Golden Dome missile defence shield and has named a Space Force general to head the ambitious program aimed at blocking threats from China and Russia. Trump announced on Tuesday at a White House press conference that US Space Force General Michael Guetlein would be the lead program manager for what the president said would be a $US175 billion ($A273 billion) project, an effort widely viewed as the keystone to Trump's military planning. Golden Dome will "protect our homeland," Trump said from the Oval Office and added that Canada had said it wanted to be part of it. The office of Prime Minister Mark Carney was not immediately available for comment. First ordered by Trump in January, Golden Dome aims to create a network of satellites to detect, track and potentially intercept incoming missiles. The shield could deploy hundreds of satellites for missile detection and tracking. At a cost of $US175 billion ($A273 billion), it will take years to implement, as the controversial program faces both political scrutiny and funding uncertainty. Democratic lawmakers have voiced concern about the procurement process and the involvement of Trump ally Elon Musk's SpaceX, which has emerged as a frontrunner alongside Palantir and Anduril to build key components of the system. "The new autonomous space-age defence ecosystem is more about Silicon Valley than it is about 'big metal,'" Senator Kevin Cramer of North Dakota said at the White House event. "So what's exciting about this is it makes it available to everybody to participate - to compete." "Big metal" refers to legacy defence contractors. The Golden Dome idea was inspired by Israel's land-based Iron Dome defence shield that protects it from missiles and rockets. Trump's Golden Dome is much more extensive and includes a massive array of surveillance satellites and a separate fleet of attacking satellites that would shoot down offensive missiles soon after lift-off. Tuesday's announcement kicks off the Pentagon's effort to test and ultimately buy the missiles, systems, sensors and satellites that will make up the Golden Dome. Trump, who said the project would be completed by the end of his term in January 2029, said Alaska will be a big part of the program and named Florida, Georgia and Indiana as also benefiting from the project. Many of the early systems are expected to come from existing production lines. Attendees at the press conference named L3Harris Technologies, Lockheed Martin and RTX Corp as potential contractors for the massive project. L3 has invested $US150 million ($A234 million) in building out its new facility in Fort Wayne, Indiana, where it makes the Hypersonic and Ballistic Tracking Space Sensor satellites which are part of a Pentagon effort to better detect and track hypersonic weapons with space-based sensors and could be adapted for Golden Dome. Golden Dome's funding remains uncertain. Republican lawmakers have proposed a $US25 billion ($A39 billion) initial investment for Golden Dome as part of a broader $US150 billion ($A234 billion) defence package, but this funding is tied to a contentious reconciliation bill that faces significant hurdles in Congress. "Unless reconciliation passes, the funds for Golden Dome may not materialise," said an industry executive following the program. "This puts the entire project timeline in jeopardy."
7NEWS
20-05-2025
- Business
- 7NEWS
Trump announces $273 billion Golden Dome defence shield to protect US from Russia and China
US President Donald Trump has selected a design for the Golden Dome missile defence shield and has named a Space Force general to head the ambitious program aimed at blocking threats from China and Russia. Trump announced on Tuesday at a White House press conference that US Space Force General Michael Guetlein would be the lead program manager for what the president said would be a $US175 billion ($A273 billion) project, an effort widely viewed as the keystone to Trump's military planning. Golden Dome will 'protect our homeland', Trump said from the Oval Office and added that Canada had said it wanted to be part of it. The office of Prime Minister Mark Carney was not immediately available for comment. First ordered by Trump in January, Golden Dome aims to create a network of satellites to detect, track and potentially intercept incoming missiles. The shield could deploy hundreds of satellites for missile detection and tracking. At a cost of $US175 billion ($A273 billion), it will take years to implement, as the controversial program faces both political scrutiny and funding uncertainty. Democratic lawmakers have voiced concern about the procurement process and the involvement of Trump ally Elon Musk's SpaceX, which has emerged as a frontrunner alongside Palantir and Anduril to build key components of the system. 'The new autonomous space-age defence ecosystem is more about Silicon Valley than it is about 'big metal,'' Senator Kevin Cramer of North Dakota said at the White House event. 'So what's exciting about this is it makes it available to everybody to participate - to compete.' 'Big metal' refers to legacy defence contractors. The Golden Dome idea was inspired by Israel's land-based Iron Dome defence shield that protects it from missiles and rockets. Trump's Golden Dome is much more extensive and includes a massive array of surveillance satellites and a separate fleet of attacking satellites that would shoot down offensive missiles soon after lift-off. Tuesday's announcement kicks off the Pentagon's effort to test and ultimately buy the missiles, systems, sensors and satellites that will make up the Golden Dome. Trump, who said the project would be completed by the end of his term in January 2029, said Alaska will be a big part of the program and named Florida, Georgia and Indiana as also benefiting from the project. Many of the early systems are expected to come from existing production lines. Attendees at the press conference named L3Harris Technologies, Lockheed Martin and RTX Corp as potential contractors for the massive project. L3 has invested $US150 million ($A234 million) in building out its new facility in Fort Wayne, Indiana, where it makes the Hypersonic and Ballistic Tracking Space Sensor satellites which are part of a Pentagon effort to better detect and track hypersonic weapons with space-based sensors and could be adapted for Golden Dome. Golden Dome's funding remains uncertain. Republican lawmakers have proposed a $US25 billion ($A39 billion) initial investment for Golden Dome as part of a broader $US150 billion ($A234 billion) defence package, but this funding is tied to a contentious reconciliation bill that faces significant hurdles in Congress. 'Unless reconciliation passes, the funds for Golden Dome may not materialise,' said an industry executive following the program. 'This puts the entire project timeline in jeopardy.'
7NEWS
20-05-2025
- Business
- 7NEWS
Trump announces 'Golden Dome' US defence shield design
US President Donald Trump has selected a design for the Golden Dome missile defence shield and has named a Space Force general to head the ambitious program aimed at blocking threats from China and Russia. Trump announced on Tuesday at a White House press conference that US Space Force General Michael Guetlein would be the lead program manager for what the president said would be a $US175 billion ($A273 billion) project, an effort widely viewed as the keystone to Trump's military planning. Golden Dome will 'protect our homeland,' Trump said from the Oval Office and added that Canada had said it wanted to be part of it. The office of Prime Minister Mark Carney was not immediately available for comment. First ordered by Trump in January, Golden Dome aims to create a network of satellites to detect, track and potentially intercept incoming missiles. The shield could deploy hundreds of satellites for missile detection and tracking. At a cost of $US175 billion ($A273 billion), it will take years to implement, as the controversial program faces both political scrutiny and funding uncertainty. Democratic lawmakers have voiced concern about the procurement process and the involvement of Trump ally Elon Musk's SpaceX, which has emerged as a frontrunner alongside Palantir and Anduril to build key components of the system. 'The new autonomous space-age defence ecosystem is more about Silicon Valley than it is about 'big metal,'' Senator Kevin Cramer of North Dakota said at the White House event. 'So what's exciting about this is it makes it available to everybody to participate - to compete.' 'Big metal' refers to legacy defence contractors. The Golden Dome idea was inspired by Israel's land-based Iron Dome defence shield that protects it from missiles and rockets. Trump's Golden Dome is much more extensive and includes a massive array of surveillance satellites and a separate fleet of attacking satellites that would shoot down offensive missiles soon after lift-off. Tuesday's announcement kicks off the Pentagon's effort to test and ultimately buy the missiles, systems, sensors and satellites that will make up the Golden Dome. Trump, who said the project would be completed by the end of his term in January 2029, said Alaska will be a big part of the program and named Florida, Georgia and Indiana as also benefiting from the project. Many of the early systems are expected to come from existing production lines. Attendees at the press conference named L3Harris Technologies, Lockheed Martin and RTX Corp as potential contractors for the massive project. L3 has invested $US150 million ($A234 million) in building out its new facility in Fort Wayne, Indiana, where it makes the Hypersonic and Ballistic Tracking Space Sensor satellites which are part of a Pentagon effort to better detect and track hypersonic weapons with space-based sensors and could be adapted for Golden Dome. Golden Dome's funding remains uncertain. Republican lawmakers have proposed a $US25 billion ($A39 billion) initial investment for Golden Dome as part of a broader $US150 billion ($A234 billion) defence package, but this funding is tied to a contentious reconciliation bill that faces significant hurdles in Congress. 'Unless reconciliation passes, the funds for Golden Dome may not materialise,' said an industry executive following the program. 'This puts the entire project timeline in jeopardy.'
News.com.au
24-04-2025
- Business
- News.com.au
Inside Jeff Bezos' $273 million Beverly Hills compound
Jeff Bezos' $US175 million ($A273 million) Beverly Hills estate has raised eyebrows over its gigantic fence. A video clip of the Amazon founder's compound was shared on the r/intrestingtoknow subreddit, showing the hedge towering above the street. According to Top Closings, the insanely high barrier is the tallest residential fence in the area. 'My hats off to whoever maintains this,' one commenter wrote on the post. 'We all paid for that,' another jokily said. 'Love thy neighbour … but don't trim the hedge,' a third person commented. 'What a sad and isolated life. Imagine having so much that your primary concern is distance from everyone else. No thank you,' a fourth commentator wrote. In 2020, Bezos dropped a record $US165 million for David Geffen's Los Angeles mansion, the Wall Street Journal reported. Known as the Warner Estate, the 9-acre spread was built for the now-late former president of Warner Bros, Jack Warner. The house features 'expansive terraces, sprawling gardens, several guesthouses, a tennis court and its own 9-hole golf course,' according to the WSJ. Bitter court battle over Jeff Bezos' new mega mansion Last year, the Daily Mail reported that Bezos hired builders to extend his property further, adding an extra 1,000 square feet to the already generously sized area. The crew installed a new pool house, extra rooms and a game court fence with lighting. The planning permission for these extra amenities was denied at first due to insufficient paperwork. A month later, the administrative issue was resolved and work continued. The work on extending his Beverly Hills mansion continued when Bezos also bought the adjacent home for $US10 million. The house is made up of four bedrooms, four-and-a-half-bathrooms, a courtyard and pretty gardens. The tech entrepreneur, who has a net worth of $US200 billion ($A319 billion), has several properties in Hawaii, Washington DC, Seattle, New York, Florida and a ranch in Texas. His Miami portfolio includes three mansions on Indian Creek Island, which is also known as 'Billionaire Bunker.'
