Latest news with #ProjectArtemis
Yahoo
21-05-2025
- Business
- Yahoo
President Trump Just Cut the Budget on Boeing's and Lockheed's Most Important Space Program
The Trump administration is threatening to cancel Boeing's gigantic SLS space rocket after just three launches. SLS has only launched once already. Future launches are planned for 2026 and 2027. Boeing and Lockheed could be forced to exit the space race in favor of "more cost-effective commercial systems" from SpaceX and Blue Origin. 10 stocks we like better than Boeing › Eight years ago, President Donald Trump opened a new age in space when he announced mankind will return to the moon via a new NASA initiative: Project Artemis (although it didn't receive the official name until two years later). Eight years later, Trump is back in office and... surprise! He's apparently decided to cut funding to NASA, including funding for Project Artemis. The White House released its budget proposal for fiscal year 2026, and one of the biggest surprises therein was a 24% cut in NASA funding, which would fall from $24.8 billion this year to $18.8 billion, next year, potentially impacting the revenue streams of many of America's biggest space companies. To be more precise, I should say the Trump administration plans to cut some programs, and shuffle money around among others. Earth science and space divisions for example (yes, NASA has divisions that aren't "space") would see spending cuts of $1.2 billion and $2.3 billion, respectively. As for the money that's left, $7 billion would be earmarked for lunar exploration (i.e., Project Artemis) and another $1 billion will go to sending missions to Mars. (But not, apparently, for the Mars Sample Return mission, or MSR. That program, which Rocket Lab (NASDAQ: RKLB) has been angling to win for $4 billion, is now on the chopping block.) The biggest change contained in the space budget, however, is a plan to axe the Space Launch System (SLS). The SLS was designed by NASA for launching astronauts to the moon and back, along with the Orion space capsule that would carry them, and also the Lunar Gateway space station, where they would dock before descending to the moon. A White House statement described the SLS, upon which all the rest depends, as "grossly expensive and delayed," costing taxpayers "$4 billion per launch and ... 140 percent over budget." The budget proposal calls for ending SLS launches after just two more launches, in 2026 and 2027. From that point onward, NASA would use "more cost-effective commercial systems that would support more ambitious subsequent lunar missions." Which sounds like code for SpaceX and Blue Origin rockets. The president's proposed budget is only that, of course, a proposal. Congress will ultimately decide which programs are cut and what funds allocated (or not). But with Republicans in control of Congress, and Trump in the White House, the near-term risks are clear. Axing the SLS program threatens an $82 billion gravy train of contracts that Boeing (NYSE: BA), lead contractor on SLS; Lockheed Martin (NYSE: LMT), which builds Orion; and L3Harris (NYSE: LHX), Northrop Grumman (NYSE: NOC), and other subcontractors were anticipating over the next couple of decades, as Project Artemis rolled through an anticipated 20 total missions to the moon. On the other hand, though, removing $4 billion in roughly annual launch costs for SLS rockets and Orion space capsules would leave more money for more budget-conscious space contractors like SpaceX and Blue Origin to step in and take over the roles currently occupied by Boeing, Lockheed, et al. SpaceX has already won a couple of contracts to use its new (and importantly, not yet certified) Starship. Not only can Starship fly to the moon, but in "Human Landing System" configuration it's also capable of landing on the moon -- all for less than $3 billion per trip. This cost includes the cost of refueling Starship in Earth orbit before departure to the moon (another technology that SpaceX is working on, but hasn't yet proven in practice). Similarly, Blue Origin's new New Glenn rocket is supposed to be able to reach the moon and land its Blue Moon spacecraft there for less than the $4 billion launch cost of an SLS: $3.4 billion, to be precise. Long story short, the changes the Trump administration is proposing promise dramatic savings for taxpayers, albeit at the cost of betting on SpaceX and Blue Origin to develop and finalize new technologies (that could still fail). Assuming they succeed, though, the future could see old guard space companies like Boeing, Lockheed, Northrop, and L3 increasingly shut out of the space race, and replaced by newer rivals offering cheaper services to NASA. This isn't necessarily great news for investors, as neither SpaceX nor Blue Origin is yet publicly traded -- while the space stocks that investors do already own could lose value as they lose contracts. For the long-term future of the space industry, though -- and for taxpayers as well -- a shift to doing space business more cheaply is probably a positive development. Before you buy stock in Boeing, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Boeing wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $635,275!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $826,385!* Now, it's worth noting Stock Advisor's total average return is 967% — a market-crushing outperformance compared to 171% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 12, 2025 Rich Smith has positions in Rocket Lab USA. The Motley Fool has positions in and recommends L3Harris Technologies. The Motley Fool recommends Lockheed Martin and Rocket Lab USA. The Motley Fool has a disclosure policy. President Trump Just Cut the Budget on Boeing's and Lockheed's Most Important Space Program was originally published by The Motley Fool
Associated Press
20-05-2025
- Business
- Associated Press
Dragoon Selects Teledyne FLIR OEM Prism Software for Long-Range Unmanned Platform Prototyping
GOLETA, Calif.--(BUSINESS WIRE)--May 20, 2025-- Teledyne FLIR OEM, part of Teledyne Technologies Incorporated (NYSE: TDY), today announced Dragoon is using the Prism™ Supervisor and Prism SKR software for its AI-driven object detection, tracking, real-time autonomy flight control, and mission planning capabilities within its long-range unmanned platform prototypes under Project Artemis, a Defense Innovation Unit (DIU) initiative. This press release features multimedia. View the full release here: Dragoon is using the Prism Supervisor and Prism SKR software for its artificial intelligence-driven object detection, tracking, real-time autonomy flight control, and mission planning capabilities within its long-range unmanned platform prototypes under Project Artemis, a Defense Innovation Unit (DIU) initiative. Project Artemis is a program designed to evaluate and deploy long-range loitering munitions capable of operating in highly contested electromagnetic environments and in large numbers. Dragoon is one of four organizations within Project Artemis tasked to demonstrate low-cost, adaptable, long-range, unmanned aerial systems (UAS) platforms with the potential to maximize operational flexibility. 'The integration of Dragoon's Cinder unmanned aircraft—our low-cost, long-range platform—and Teledyne FLIR's OEM Prism software unlocks new, highly autonomous mission capabilities in complex environments,' said Jason Douglas, co-founder of Dragoon Technology. 'By combining our platform and payload with Teledyne FLIR's autonomy, we offer an ideal solution for the DIU Artemis project.' Prism SKR is a best-in-class automatic target recognition (ATR) software providing a drop-in solution for the FLIR Boson ® thermal camera module that optimally addresses the seeker requirements for the Dragoon UAS platform. It operates efficiently at the edge on low-power embedded processors and is compatible with both infrared (IR) and visible camera data. Prism SKR provides real-time target position, identification, direction of motion, and aim-point localization, guiding the platform's autonomous flight system for various operations. In combination, Prism Supervisor further enhances mission readiness by providing end-to-end autonomy and mission oversight. It seamlessly integrates with Dragoon's onboard autopilot system to support real time decision-making capabilities and an intuitive mission-planning interface. The advanced autonomy in Prism Supervisor closes the loop between the on-board navigation subsystem and real-time AI-based observations to enhance UAS operational capabilities while reducing operator intervention and workload. 'Dragoon selecting Prism software for its Project Artemis work underscores our ability to deliver mission-critical capabilities for national defense,' said Jared Faraudo, vice president of product management and programs, Teledyne FLIR OEM. 'Prism SKR and Supervisor are purpose-built to enable Dragoon's unmanned systems to perform in demanding battlefield environments, ensuring reliable performance when it matters most.' To learn more about Teledyne FLIR OEM, visit: To learn more about Dragoon, visit This effort was sponsored by the U.S. Government under Other Transaction number HQ0845-25-9-0044 between Dragoon Technology and the Government. The U.S. Government is authorized to reproduce and distribute reprints for Governmental purposes notwithstanding any copyright notation thereon. The views and conclusions contained herein are those of the authors and should not be interpreted as necessarily representing the official policies or endorsements, either expressed or implied, of the U.S. Government. About Teledyne FLIR OEM Teledyne FLIR OEM, a Teledyne Technologies company, is a world leader in intelligent sensing solutions for defense and industrial applications, with approximately 4,000 employees worldwide. Founded in 1978, the company creates advanced technologies to help professionals make better, faster decisions that save lives and livelihoods. For more information, please visit or follow @flir. View source version on CONTACT: PR Contact: Keith Metz-Porozni KGMP Strategies [email protected] 971-506-7769 KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA INDUSTRY KEYWORD: TECHNOLOGY HOMELAND SECURITY MILITARY PUBLIC POLICY/GOVERNMENT DRONES SOFTWARE HARDWARE ARTIFICIAL INTELLIGENCE DEFENSE SOURCE: Teledyne FLIR OEM Copyright Business Wire 2025. PUB: 05/20/2025 09:31 AM/DISC: 05/20/2025 09:31 AM
Business Wire
20-05-2025
- Business
- Business Wire
Dragoon Selects Teledyne FLIR OEM Prism Software for Long-Range Unmanned Platform Prototyping
GOLETA, Calif.--(BUSINESS WIRE)-- Teledyne FLIR OEM, part of Teledyne Technologies Incorporated (NYSE: TDY), today announced Dragoon is using the Prism™ Supervisor and Prism SKR software for its AI-driven object detection, tracking, real-time autonomy flight control, and mission planning capabilities within its long-range unmanned platform prototypes under Project Artemis, a Defense Innovation Unit (DIU) initiative. "We offer an ideal solution for the DIU Artemis project." Share Project Artemis is a program designed to evaluate and deploy long-range loitering munitions capable of operating in highly contested electromagnetic environments and in large numbers. Dragoon is one of four organizations within Project Artemis tasked to demonstrate low-cost, adaptable, long-range, unmanned aerial systems (UAS) platforms with the potential to maximize operational flexibility. "The integration of Dragoon's Cinder unmanned aircraft—our low-cost, long-range platform—and Teledyne FLIR's OEM Prism software unlocks new, highly autonomous mission capabilities in complex environments," said Jason Douglas, co-founder of Dragoon Technology. "By combining our platform and payload with Teledyne FLIR's autonomy, we offer an ideal solution for the DIU Artemis project." Prism SKR is a best-in-class automatic target recognition (ATR) software providing a drop-in solution for the FLIR Boson ® thermal camera module that optimally addresses the seeker requirements for the Dragoon UAS platform. It operates efficiently at the edge on low-power embedded processors and is compatible with both infrared (IR) and visible camera data. Prism SKR provides real-time target position, identification, direction of motion, and aim-point localization, guiding the platform's autonomous flight system for various operations. In combination, Prism Supervisor further enhances mission readiness by providing end-to-end autonomy and mission oversight. It seamlessly integrates with Dragoon's onboard autopilot system to support real time decision-making capabilities and an intuitive mission-planning interface. The advanced autonomy in Prism Supervisor closes the loop between the on-board navigation subsystem and real-time AI-based observations to enhance UAS operational capabilities while reducing operator intervention and workload. 'Dragoon selecting Prism software for its Project Artemis work underscores our ability to deliver mission-critical capabilities for national defense,' said Jared Faraudo, vice president of product management and programs, Teledyne FLIR OEM. 'Prism SKR and Supervisor are purpose-built to enable Dragoon's unmanned systems to perform in demanding battlefield environments, ensuring reliable performance when it matters most.' To learn more about Teledyne FLIR OEM, visit: To learn more about Dragoon, visit This effort was sponsored by the U.S. Government under Other Transaction number HQ0845-25-9-0044 between Dragoon Technology and the Government. The U.S. Government is authorized to reproduce and distribute reprints for Governmental purposes notwithstanding any copyright notation thereon. The views and conclusions contained herein are those of the authors and should not be interpreted as necessarily representing the official policies or endorsements, either expressed or implied, of the U.S. Government. About Teledyne FLIR OEM Teledyne FLIR OEM, a Teledyne Technologies company, is a world leader in intelligent sensing solutions for defense and industrial applications, with approximately 4,000 employees worldwide. Founded in 1978, the company creates advanced technologies to help professionals make better, faster decisions that save lives and livelihoods. For more information, please visit or follow @flir.
Yahoo
20-05-2025
- Business
- Yahoo
Dragoon Selects Teledyne FLIR OEM Prism Software for Long-Range Unmanned Platform Prototyping
Prism SKR and Prism Supervisor provide target recognition and AI-based autonomous flight control for Dragoon GOLETA, Calif., May 20, 2025--(BUSINESS WIRE)--Teledyne FLIR OEM, part of Teledyne Technologies Incorporated (NYSE: TDY), today announced Dragoon is using the Prism™ Supervisor and Prism SKR software for its AI-driven object detection, tracking, real-time autonomy flight control, and mission planning capabilities within its long-range unmanned platform prototypes under Project Artemis, a Defense Innovation Unit (DIU) initiative. Project Artemis is a program designed to evaluate and deploy long-range loitering munitions capable of operating in highly contested electromagnetic environments and in large numbers. Dragoon is one of four organizations within Project Artemis tasked to demonstrate low-cost, adaptable, long-range, unmanned aerial systems (UAS) platforms with the potential to maximize operational flexibility. "The integration of Dragoon's Cinder unmanned aircraft—our low-cost, long-range platform—and Teledyne FLIR's OEM Prism software unlocks new, highly autonomous mission capabilities in complex environments," said Jason Douglas, co-founder of Dragoon Technology. "By combining our platform and payload with Teledyne FLIR's autonomy, we offer an ideal solution for the DIU Artemis project." Prism SKR is a best-in-class automatic target recognition (ATR) software providing a drop-in solution for the FLIR Boson® thermal camera module that optimally addresses the seeker requirements for the Dragoon UAS platform. It operates efficiently at the edge on low-power embedded processors and is compatible with both infrared (IR) and visible camera data. Prism SKR provides real-time target position, identification, direction of motion, and aim-point localization, guiding the platform's autonomous flight system for various operations. In combination, Prism Supervisor further enhances mission readiness by providing end-to-end autonomy and mission oversight. It seamlessly integrates with Dragoon's onboard autopilot system to support real time decision-making capabilities and an intuitive mission-planning interface. The advanced autonomy in Prism Supervisor closes the loop between the on-board navigation subsystem and real-time AI-based observations to enhance UAS operational capabilities while reducing operator intervention and workload. "Dragoon selecting Prism software for its Project Artemis work underscores our ability to deliver mission-critical capabilities for national defense," said Jared Faraudo, vice president of product management and programs, Teledyne FLIR OEM. "Prism SKR and Supervisor are purpose-built to enable Dragoon's unmanned systems to perform in demanding battlefield environments, ensuring reliable performance when it matters most." To learn more about Teledyne FLIR OEM, visit: To learn more about Dragoon, visit This effort was sponsored by the U.S. Government under Other Transaction number HQ0845-25-9-0044 between Dragoon Technology and the Government. The U.S. Government is authorized to reproduce and distribute reprints for Governmental purposes notwithstanding any copyright notation thereon. The views and conclusions contained herein are those of the authors and should not be interpreted as necessarily representing the official policies or endorsements, either expressed or implied, of the U.S. Government. About Teledyne FLIR OEM Teledyne FLIR OEM, a Teledyne Technologies company, is a world leader in intelligent sensing solutions for defense and industrial applications, with approximately 4,000 employees worldwide. Founded in 1978, the company creates advanced technologies to help professionals make better, faster decisions that save lives and livelihoods. For more information, please visit or follow @flir. View source version on Contacts PR Contact: Keith Metz-PorozniKGMP Strategieskeith@ 971-506-7769
Globe and Mail
17-05-2025
- Politics
- Globe and Mail
President Trump Just Cut the Budget on Boeing's and Lockheed's Most Important Space Program
Eight years ago, President Donald Trump opened a new age in space when he announced mankind will return to the moon via a new NASA initiative: Project Artemis (although it didn't receive the official name until two years later). Eight years later, Trump is back in office and... surprise! He's apparently decided to cut funding to NASA, including funding for Project Artemis. Cut and shuffle The White House released its budget proposal for fiscal year 2026, and one of the biggest surprises therein was a 24% cut in NASA funding, which would fall from $24.8 billion this year to $18.8 billion, next year, potentially impacting the revenue streams of many of America's biggest space companies. To be more precise, I should say the Trump administration plans to cut some programs, and shuffle money around among others. Earth science and space divisions for example (yes, NASA has divisions that aren't "space") would see spending cuts of $1.2 billion and $2.3 billion, respectively. As for the money that's left, $7 billion would be earmarked for lunar exploration (i.e., Project Artemis) and another $1 billion will go to sending missions to Mars. (But not, apparently, for the Mars Sample Return mission, or MSR. That program, which Rocket Lab (NASDAQ: RKLB) has been angling to win for $4 billion, is now on the chopping block.) Goodbye SLS, we hardly liked ye The biggest change contained in the space budget, however, is a plan to axe the Space Launch System (SLS). The SLS was designed by NASA for launching astronauts to the moon and back, along with the Orion space capsule that would carry them, and also the Lunar Gateway space station, where they would dock before descending to the moon. A White House statement described the SLS, upon which all the rest depends, as "grossly expensive and delayed," costing taxpayers "$4 billion per launch and ... 140 percent over budget." The budget proposal calls for ending SLS launches after just two more launches, in 2026 and 2027. From that point onward, NASA would use "more cost-effective commercial systems that would support more ambitious subsequent lunar missions." Which sounds like code for SpaceX and Blue Origin rockets. Who loses if SLS and Orion and Gateway go away -- and who wins? The president's proposed budget is only that, of course, a proposal. Congress will ultimately decide which programs are cut and what funds allocated (or not). But with Republicans in control of Congress, and Trump in the White House, the near-term risks are clear. Axing the SLS program threatens an $82 billion gravy train of contracts that Boeing (NYSE: BA), lead contractor on SLS; Lockheed Martin (NYSE: LMT), which builds Orion; and L3Harris (NYSE: LHX), Northrop Grumman (NYSE: NOC), and other subcontractors were anticipating over the next couple of decades, as Project Artemis rolled through an anticipated 20 total missions to the moon. On the other hand, though, removing $4 billion in roughly annual launch costs for SLS rockets and Orion space capsules would leave more money for more budget-conscious space contractors like SpaceX and Blue Origin to step in and take over the roles currently occupied by Boeing, Lockheed, et al. SpaceX has already won a couple of contracts to use its new (and importantly, not yet certified) Starship. Not only can Starship fly to the moon, but in "Human Landing System" configuration it's also capable of landing on the moon -- all for less than $3 billion per trip. This cost includes the cost of refueling Starship in Earth orbit before departure to the moon (another technology that SpaceX is working on, but hasn't yet proven in practice). Similarly, Blue Origin's new New Glenn rocket is supposed to be able to reach the moon and land its Blue Moon spacecraft there for less than the $4 billion launch cost of an SLS: $3.4 billion, to be precise. What all this means for space investors Long story short, the changes the Trump administration is proposing promise dramatic savings for taxpayers, albeit at the cost of betting on SpaceX and Blue Origin to develop and finalize new technologies (that could still fail). Assuming they succeed, though, the future could see old guard space companies like Boeing, Lockheed, Northrop, and L3 increasingly shut out of the space race, and replaced by newer rivals offering cheaper services to NASA. This isn't necessarily great news for investors, as neither SpaceX nor Blue Origin is yet publicly traded -- while the space stocks that investors do already own could lose value as they lose contracts. For the long-term future of the space industry, though -- and for taxpayers as well -- a shift to doing space business more cheaply is probably a positive development. Should you invest $1,000 in Boeing right now? Before you buy stock in Boeing, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Boeing wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $635,275!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $826,385!* Now, it's worth noting Stock Advisor 's total average return is967% — a market-crushing outperformance compared to171%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of May 12, 2025
