Latest news with #ProliferatedWarfighterSpaceArchitecture
Yahoo
21-05-2025
- Business
- Yahoo
Why L3Harris Stock Inched Higher on Wednesday
President Trump called for building a $175 billion Golden Dome missile defense system Tuesday. L3Harris was specifically named as one likely participant in the program. Investors rushed to buy L3Harris stock at the market open Wednesday. 10 stocks we like better than L3Harris Technologies › Defense stock L3Harris Technologies (NYSE: LHX) is getting some positive attention on Wall Street today, after President Trump announced plans yesterday to spend $175 billion to build a Golden Dome missile shield over the United States. Shares of the defense contractor surged nearly 5% at the open, and remain up 1.3% as of 10:15 a.m. ET. "Once fully constructed, the Golden Dome will be capable of intercepting missiles even if they are launched from other sides of the world," promised the president, while predicting the missile defense system will be operational within three years, and within his current term of office. "We have officially selected an architecture for this state-of-the-art system," added the president, and allocated $25 billion to begin construction within the new "Big, Beautiful Bill" -- the president's budget proposal for fiscal year 2026. Commenting on Trump's announcement, J.P. Morgan analyst Seth Seifman observed that "LHX got a shout-out" at the press conference, although "many [other] contractors [will also] participate" in it. Northrop Grumman, Lockheed Martin, Palantir, and RTX Corp were all named as potential beneficiaries of Golden Dome, along with private space and defense companies SpaceX and Anduril. The analyst noted that L3Harris recently completed a $125 million expansion of its satellite manufacturing facility in Fort Wayne, Indiana, and has been a repeat winner of contracts to build tracking layer satellites for the Space Force's Proliferated Warfighter Space Architecture missile detection and tracking system, which is presumed to be part of Golden Dome. "Another avenue for LHX to participate is with rocket motors for interceptors," added J.P., giving L3Harris yet another route to profit under Trump's Golden Dome. Before you buy stock in L3Harris Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and L3Harris Technologies 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 $642,582!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $829,879!* Now, it's worth noting Stock Advisor's total average return is 975% — a market-crushing outperformance compared to 172% 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 19, 2025 Rich Smith has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends L3Harris Technologies and Palantir Technologies. The Motley Fool recommends Lockheed Martin and RTX. The Motley Fool has a disclosure policy. Why L3Harris Stock Inched Higher on Wednesday was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16-05-2025
- Politics
- Yahoo
Opinion - The actual cost of a US ‘Golden Dome' could be staggering
Lt. Gen. Robert Rasch, the joint program officer for the Guam Defense System, testified at a Senate hearing this week that the cost of providing an integrated air and missile defense system — in effect a miniature 'Golden Dome,' for Guam — would total approximately $8 billion. These funds would cover the cost of placing sensors and launchers, as well as the command-and-control systems that would link them. All these systems either already exist or are in later stages of development; no new development would be involved. Responding to Rasch's cost estimate, Sen. Angus King (I-Maine) extrapolated the $8 billion figure to account for the 779 cities in the U.S. that are equal to or greater than Guam's population. According to his calculation, a Golden Dome over all of America would total $6.2 trillion. And King's figure was a bit too low; applying the same methodology results in a total cost of $6.4 trillion. Whether that $6 trillion figure is even remotely accurate is far from clear. Extrapolating the cost of defending Guam to the continental U.S., but calculating not on the basis of the number of cities to be defended but rather on the island's area in square miles relative to the mainland, yields a ratio of 14.86, which results in the far lower cost of $119 billion. Golden Dome will not replicate the system currently planned for Guam by 2031. President Trump's Jan. 27 executive order calls not only for current capabilities to be upgraded over time but also emphasizes the central role of space-based assets. Among the elements of the executive order relating to space are 'acceleration of the deployment of the Hypersonic and Ballistic Tracking Space Sensor layer; development and deployment of proliferated space-based interceptors capable of boost-phase intercept; development and deployment of a custody layer of the Proliferated Warfighter Space Architecture; and development and deployment of capabilities to defeat missile attacks prior to launch and in the boost phase.' These are all new capabilities that have yet to be developed. If the cost of President Ronald Reagan's Strategic Defense Initiative, which provided the inspiration for Golden Dome, is any indicator, the sums to be expended on Trump's proposal will certainly exceed $119 billion. In the 25 years after Reagan first announced his plan for a missile shield over America — which critics derisively labeled 'Star Wars' — the U.S. spent $120 billion ($235 billion in 2025 dollars) on the program. Since then, it has spent billions more on the program's offshoots, such as the missile defense system at Fort Greely, Alaska. None of these expenditures resulted in an operational space-based missile defense system. In late April, the House Armed Services committee included $24.7 billion in the $150 billion reconciliation package for fiscal year 2025. Even if annual costs for this program were to remain fixed at that level, a 25-year program, similar to that of the Strategic Defense Initiative, would total nearly $620 billion. The House figure is only a small down payment, however. The program will certainly call for far greater funding as it develops over time. It might well reach the total cost of $2.5 trillion that some analysts have estimated. Golden Dome will also generate opportunity costs in terms of other defense programs being either underfunded or entirely terminated unless the defense budget can sustain major annual growth rates over a period of two decades or more. That projection flies in the face of historic defense budget growth, which has varied sharply over time and with successive administrations, and has suffered from unanticipated inflation and cost growth. In the event that budgets do not show significant annual growth, the impact on other defense programs could be severe. In that regard, it is noteworthy that without the one-year $150 billion reconciliation package — which has yet to pass Congress — the next budget actually shows a slight decline in real terms. That does not bode well for other programs that would compete with Golden Dome for defense funds. The Strategic Defense Initiative experiment included plans for space-based capabilities that took a variety of forms — none of which ever materialized. Technology certainly is far more advanced today than when Reagan launched his initiative, but the viability of a space-based missile defense system has yet to be proven. Given its immense costs, and its effect on available funding for other defense programs, Golden Dome for America will call for cautious, careful and consistent congressional oversight and scrutiny for many years to come. Dov S. Zakheim is a senior adviser at the Center for Strategic and International Studies and vice chairman of the board for the Foreign Policy Research Institute. He was undersecretary of Defense (comptroller) and chief financial officer for the Department of Defense from 2001 to 2004 and a deputy undersecretary of Defense from 1985 to 1987. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
The Hill
16-05-2025
- Politics
- The Hill
The actual cost of a US ‘Golden Dome' could be staggering
Lt. Gen. Robert Rasch, the joint program officer for the Guam Defense System, testified at a Senate hearing this week that the cost of providing an integrated air and missile defense system — in effect a miniature 'Golden Dome,' for Guam — would total approximately $8 billion. These funds would cover the cost of placing sensors and launchers, as well as the command-and-control systems that would link them. All these systems either already exist or are in later stages of development; no new development would be involved. Responding to Rasch's cost estimate, Sen. Angus King (I-Maine) extrapolated the $8 billion figure to account for the 779 cities in the U.S. that are equal to or greater than Guam's population. According to his calculation, a Golden Dome over all of America would total $6.2 trillion. And King's figure was a bit too low; applying the same methodology results in a total cost of $6.4 trillion. Whether that $6 trillion figure is even remotely accurate is far from clear. Extrapolating the cost of defending Guam to the continental U.S., but calculating not on the basis of the number of cities to be defended but rather on the island's area in square miles relative to the mainland, yields a ratio of 14.86, which results in the far lower cost of $119 billion. Golden Dome will not replicate the system currently planned for Guam by 2031. President Trump's Jan. 27 executive order calls not only for current capabilities to be upgraded over time but also emphasizes the central role of space-based assets. Among the elements of the executive order relating to space are 'acceleration of the deployment of the Hypersonic and Ballistic Tracking Space Sensor layer; development and deployment of proliferated space-based interceptors capable of boost-phase intercept; development and deployment of a custody layer of the Proliferated Warfighter Space Architecture; and development and deployment of capabilities to defeat missile attacks prior to launch and in the boost phase.' These are all new capabilities that have yet to be developed. If the cost of President Ronald Reagan's Strategic Defense Initiative, which provided the inspiration for Golden Dome, is any indicator, the sums to be expended on Trump's proposal will certainly exceed $119 billion. In the 25 years after Reagan first announced his plan for a missile shield over America — which critics derisively labeled 'Star Wars' — the U.S. spent $120 billion ($235 billion in 2025 dollars) on the program. Since then, it has spent billions more on the program's offshoots, such as the missile defense system at Fort Greely, Alaska. None of these expenditures resulted in an operational space-based missile defense system. In late April, the House Armed Services committee included $24.7 billion in the $150 billion reconciliation package for fiscal year 2025. Even if annual costs for this program were to remain fixed at that level, a 25-year program, similar to that of the Strategic Defense Initiative, would total nearly $620 billion. The House figure is only a small down payment, however. The program will certainly call for far greater funding as it develops over time. It might well reach the total cost of $2.5 trillion that some analysts have estimated. Golden Dome will also generate opportunity costs in terms of other defense programs being either underfunded or entirely terminated unless the defense budget can sustain major annual growth rates over a period of two decades or more. That projection flies in the face of historic defense budget growth, which has varied sharply over time and with successive administrations, and has suffered from unanticipated inflation and cost growth. In the event that budgets do not show significant annual growth, the impact on other defense programs could be severe. In that regard, it is noteworthy that without the one-year $150 billion reconciliation package — which has yet to pass Congress — the next budget actually shows a slight decline in real terms. That does not bode well for other programs that would compete with Golden Dome for defense funds. The Strategic Defense Initiative experiment included plans for space-based capabilities that took a variety of forms — none of which ever materialized. Technology certainly is far more advanced today than when Reagan launched his initiative, but the viability of a space-based missile defense system has yet to be proven. Given its immense costs, and its effect on available funding for other defense programs, Golden Dome for America will call for cautious, careful and consistent congressional oversight and scrutiny for many years to come. Dov S. Zakheim is a senior adviser at the Center for Strategic and International Studies and vice chairman of the board for the Foreign Policy Research Institute. He was undersecretary of Defense (comptroller) and chief financial officer for the Department of Defense from 2001 to 2004 and a deputy undersecretary of Defense from 1985 to 1987.
Time of India
22-04-2025
- Business
- Time of India
The next big venture: What is the Golden Dome that reports say Elon Musk is building for Donald Trump? Here's how much it will cost and what the Tesla CEO is saying
What is Donald Trump's Golden Dome and why is it making headlines? Is Elon Musk's SpaceX really joining Trump's Golden Dome project? Live Events 'SpaceX has not tried to bid for any contract in this regard. Our strong preference would be to stay focused on taking humanity to Mars. If the President asks us to help in this regard, we will do so, but I hope that other companies (not SpaceX) can do this.' What would the Golden Dome actually do and how much would it cost? Hypersonic and Ballistic Tracking Space Sensor (HBTSS) Proliferated Warfighter Space Architecture (PWSA) Why is the global defense market booming right now? Russia's invasion of Ukraine Tensions in Asia, especially around China and North Korea Middle East instability Europe's defense spending rose 11.7%, reaching $457 billion. Asia-Pacific nations like Japan, India, South Korea, and Australia all increased their defense budgets significantly. The United States allocated $832.3 billion for defense in its 2025 budget. China's defense spending reached $246 billion, up 7.2%. Japan approved $55.1 billion, up 9.4%. India's defense budget grew to $78.57 billion, marking a 9.5% rise. Could this be Elon Musk's next big business venture? What's next for Trump's Golden Dome project? (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Just months after returning to the White House, President Donald Trump announced one of the most ambitious defense programs in U.S. history—the 'Golden Dome.' And now, the buzz is around whether tech billionaire Elon Musk is joining this $2.5 trillion venture, raising the stakes in what's already a booming defense Trump envisions a massive space-based missile shield, recent reports hint at SpaceX , Musk's rocket company, playing a major role. But is he actually in, or is it all speculation? Let's break it down in simple terms—what the Golden Dome is, how much it could cost, who's involved, and whether Musk is making a move into the trillion-dollar defense January 27, 2025, just days after returning to office, President Trump signed an executive order calling for the development of a massive space-based missile defense program—officially named the. The idea? To build a protective shield that can detect and destroy incoming threats like ballistic missiles, hypersonic weapons, and advanced cruise missiles before they reach U.S. to the order, Trump wants this system to cover threats from "peer, near-peer, and rogue adversaries"—understood to mean. The Golden Dome would include hundreds, potentially thousands, of satellites in low Earth orbit, advanced radar systems, orbital interceptors, and maybe even futuristic tech likeThe big question buzzing around headlines: Is SpaceX getting involved in Trump's Golden Dome?According to Reuters, Musk's company SpaceX is reportedly teaming up with Palantir (data software firm) and Anduril (a defense startup focused on drones and AI-based security systems) to design key components for the defense trio reportedly plans to deploy 400 to 1,000 satellites to track missile activity around the world. While some satellites will simply track and monitor, others could potentially carry weapons to intercept hostile missiles. But Musk says something a post on X (formerly Twitter), Musk denied these claims, saying:So, while SpaceX might be technically capable of building part of the infrastructure—like the satellite tracking layer—Musk hasn't confirmed any formal involvement as of built, thewould work by tracking enemy missiles during their, the few moments after a missile is launched. This is the most vulnerable time to stop do this, the system would need aconstantly orbiting the Earth, along with advanced ground stations and control systems. It would also depend on programs like:Trump's defense team believes this could cost, depending on how advanced and expansive the system becomes. The project is still in its, and no contracts have been publicly awarded reports suggest the model could work like a—where the government pays for access to private satellite data instead of owning the entire system isn't happening in a vacuum. Global military spending hit a record high of $2.46 trillion in 2024, according to the Stockholm International Peace Research Institute (SIPRI). This surge is being driven by several factors:In 2024 alone:Trump has also asked NATO allies to spend at least 5% of their GDP on defense, which is pushing Europe toward even more spending, including a massive €800 billion ReArm Europe Plan led by European Commission President Ursula von der though Musk has denied direct involvement, the defense market is clearly attractive. His companies already dominate in electric vehicles (Tesla) and space transportation (SpaceX). Moving into military and defense tech seems like a logical next step—especially as the U.S. and its allies pour trillions into new security ties to Trump are also no secret. Musk has reportedly donated more than $250 million to Trump's campaign and is now serving as a special adviser in the Department of Government if SpaceX doesn't build weapons, it may still play a major role in missile tracking, satellite launches, and infrastructure for U.S. military systems. And with private defense contracts now more lucrative than ever, that could turn into a multi-billion-dollar stream for Musk's now, the Golden Dome is still in its early planning stage. The Pentagon has been asked to deliver architectural plans within 60 days of the January 27 order, and insiders say companies like SpaceX, Palantir, and Anduril are seen as top contenders for building parts of there's a lot still undecided—how it'll be structured, which companies will be selected, and how it'll be funded. The Biden administration had previously scaled back some space-defense ambitions, but under Trump, the focus has shifted back toward space dominance.
Yahoo
29-03-2025
- Business
- Yahoo
Senator questions canceling planned military satellites in favor of SpaceX
March 29 (UPI) -- A North Dakota senator has raised questions about the U.S. Space Force potentially canceling planned military satellite development contracts in favor of SpaceX-produced satellites called Starshield. "Do you think cutting opportunities like this could hurt the innovators in the industrial base?" U.S. Sen. Kevin Cramer (R - N.D.) asked during a confirmation hearing for Troy Meink in front of the Senate Armed Services Committee this week. Meink, who is nominated to head the Department of the Air Force, said he was not aware of any plan to shift procurement of the satellites, which is done through the Space Development Agency. Cramer said he was informed the agency may move away from tendering contracts for several transport layer satellites in favor of the Starshield low-Earth-orbit satellites produced by Spacex. SpaceX is owned by billionaire Elon Musk, who leads President Donald Trump's Department of Government Efficiency. The Starshields are military versions of the company's existing commercial satellites. SpaceX has not bid on previous contracts for the project because its satellites were not believed to meet the technical requirements. The proposed military communication satellites are meant to be part of the Proliferated Warfighter Space Architecture. The PWSA "will provide multi-band global communications access and persistent encrypted connectivity for warfighter missions," the SDA says on its website. Some contracts have already been awarded to Denver-based York Space Systems and aerospace giant Northrop Grumman. The Air Force denied any decisions have been made. The military is evaluating "all acquisition programs in the context of FY26 president's budget deliberations and the administration's priorities," it said in a statement to Defense One. A spokesperson told the publication the Air Force and Space Force "are committed to the efficient use of taxpayer dollars and maximizing the delivery of capability to the joint warfighter. We look forward to sharing the status of our acquisition programs with our stakeholders in Congress and elsewhere when the fiscal year 2026 budget is delivered in the coming months."
