Latest news with #AmericanDroneDominance
American Military News
2 days ago
- Business
- American Military News
Videos: $92 billion in energy, technology investment unveiled by Trump admin
President Donald Trump touted $92 billion in technology and energy investments in Pennsylvania by 20 different companies during a speech at Carnegie Mellon University on Tuesday. The president claimed that the investments reflect the 'true golden age' of the United States. 'I think we have a true golden age for America. And we've been showing it, and it truly is the hottest country anywhere in the world,' Trump said during Tuesday's Pennsylvania Energy and Innovation Summit at Carnegie Mellon University. 'And you're going to see some real action here. So get ready.' .@POTUS: "We are building a future where American workers will forge the steel, produce the energy, build the factories… I think we have a true Golden Age for America… it truly is the HOTTEST country anywhere in the world." 🔥 — Trump War Room (@TrumpWarRoom) July 15, 2025 'This afternoon, 20 leading technology and energy companies are announcing more than $92 billion of investments in Pennsylvania,' Trump said. 'This is a really triumphant day for the people of the Commonwealth and for the United States of America. We're doing things that nobody ever thought possible.' 🚨@POTUS announced $92 BILLION of investments coming to Pennsylvania!💸 — The White House (@WhiteHouse) July 15, 2025 According to The Daily Caller, the $92 billion in technology and energy investments announced at Tuesday's summit include investments in Pennsylvania's natural gas plants, hydropower facilities, and artificial intelligence data centers. During Tuesday's Pennsylvania Energy and Innovation Summit, Trump explained that the energy and technology investment commitments by 20 different companies will ensure that 'the future is going to be designed, built and made right here in Pennsylvania and right here in Pittsburgh, and, I have to say, right here in the United States of America.' READ MORE: Video: 'American Drone Dominance' unleashed by Trump admin The president added that the investments discussed at Tuesday's summit include over $36 billion in new data center projects and over $56 billion in new energy infrastructure. Trump also noted that 'a lot more' investments would be 'announced in the coming weeks.' The White House confirmed that Tuesday's investments include a $25 billion investment by Google into infrastructure and data centers, a $25 billion investment by Blackstone into natural gas plants and data centers, and a $6 billion investment by CoreWeave into data center expansion. Trump also announced on Tuesday that Knighthead Capital Management is investing $15 billion to help 'resurrect' the Homer City Generating Station. The president said the former coal-fired power plant will become the 'largest natural gas-fired power plant ever to be built in North America.' .@POTUS: I promised I would save the Homer City Power Plant that Biden's Green New Scam forced to shut down — and I'm pleased to report that with a $15B dollar investment from Knighthead Capital Management, the Homer City site is being resurrected as the largest natural gas-fired… — Rapid Response 47 (@RapidResponse47) July 15, 2025
American Military News
11-07-2025
- Business
- American Military News
Video: 'American Drone Dominance' unleashed by Trump admin
Secretary of Defense Pete Hegseth issued a memorandum on Thursday to unleash 'American Drone Dominance' following President Donald Trump's executive order last month. In a video shared Thursday on X, formerly Twitter, Hegseth said, 'We know why we were put here. We were brought here to rebuild the military-match capabilities to the threats of today. ' Hegseth explained that America's adversaries have 'produced millions of cheap drones' while the United States was 'mired in bureaucratic red tape' under previous administrations. However, the secretary of defense noted that the U.S. military would be making major changes to its drone production under Trump's administration following the president's 'Unleashing American Drone Dominance' executive order released last month. In Thursday's video, Hegseth said Trump's executive order will 'bolster our drone industry and arm our warfighters, because that's what we're all about.' READ MORE: Israel arming Germany with suicide drones 'So today, I'm rescinding restrictive policies that stifle production, and this will unleash American manufacturing and the ingenuity of our war fighters by doing three key things,' Hegseth added. 'First, we're going to bolster the US drone manufacturing base by producing thousands of American-made products, prioritizing buy American. We'll arm combat units with a variety of low-cost American-crafted drones, leveraging our world-leading engineers and AI experts. And third, we're going to train, as we expect to fight. Senior officers must overcome bureaucratic risk aversion in budgeting, weaponing, weaponeering, and training.' At the end of Thursday's video, Hegseth signed a memorandum that was delivered by drones controlled by the Pentagon's 'great warfighters.' 'This is the future,' Hegseth stated. 'We're in the fight. We're in the fight to win it, and we're never gonna back down.' In a memorandum obtained by Fox News, Hegseth described drones as the 'biggest battlefield innovation in a generation.' The secretary of defense announced that the Pentagon is going to increase the U.S. drone manufacturing base by authorizing the military's purchase of hundreds of American-made products, arming the military's combat units with 'a variety of low-cost drones,' and by holding battlefield simulations that will allow military commanders to independently test drones. 'Lethality will not be hindered by self-imposed restrictions, especially when it comes to harnessing technologies we invented but were slow to pursue,' Hegseth said. 'Drone technology is advancing so rapidly, our major risk is risk-avoidance. The Department's bureaucratic gloves are coming off.'
Yahoo
13-06-2025
- Business
- Yahoo
Rating Downgrade Dampens Joby Aviation (JOBY)
We recently published a list of . Joby Aviation, Inc. (NYSE:JOBY) is one of the worst-performing stocks on Thursday. Joby Aviation declined by 7.16 percent at intraday trading on Thursday at $8.94 apiece following Cantor Fitzgeral's downgraded rating on its stock. On Thursday, the investment firm lowered its outlook to 'neutral' from 'overweight' previously given the company's recent share price rally and lack of near-term catalysts. A futuristic electric vertical takeoff and landing aircraft soaring through the sky. However, Cantor Fitzgerald said that Joby Aviation, Inc. (NYSE:JOBY) remains one of the best-positioned companies in the electric vertical takeoff and landing (eVTOL) industry, supported by its partnerships with Toyota Motors Corp., Delta Air Lines, and the US Department of Defense. The stock, however, was already up by 60 percent over the past three months and 90 percent over the past year. 'We don't see current levels as a good entry point for investors,' Cantor Fitzgerald said. In recent news, Joby Aviation, Inc. (NYSE:JOBY) earned a boost from President Donald Trump's new executive order aiming to unleash 'American Drone Dominance,' which aims to ramp up the adoption of eVTOL technology. While we acknowledge the potential of JOBY as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. Sign in to access your portfolio
