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Losing GPS could cost billions, so the Space Force is having companies like Astranis build a backup network

Losing GPS could cost billions, so the Space Force is having companies like Astranis build a backup network

A depiction of Nexus satellites in a medium Earth orbit constellation. Astranis The U.S. Air Force began deploying the Global Positioning System — more commonly known as GPS — nearly 50 years ago, satellites which have become critical infrastructure for both the military and the economy. Since then, GPS is estimated to have generated more

Losing GPS could cost billions, so the Space Force is having companies like Astranis build a backup network Read More »

Apple commits .5 billion to Globalstar for expanded iPhone satellite services

Apple commits $1.5 billion to Globalstar for expanded iPhone satellite services

Apple committed about $1.5 billion to satellite communications company Globalstar to fund the expansion of iPhone services, the companies disclosed in a securities filing on Friday. The tech giant’s deal with Globalstar includes $1.1 billion in cash, of which $232 million will go toward the satellite company’s current debt, and a 20% equity stake. The

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Boeing union backs sweetened contract offer that could end strike, sets vote for Monday

Boeing union backs sweetened contract offer that could end strike, sets vote for Monday

Boeing workers from the International Association of Machinists and Aerospace Workers District 751 gather on a picket line near the entrance to a Boeing production facility on the day of a vote on a new contract proposal during an ongoing strike in Renton, Washington, U.S. October 23, 2024.  David Ryder | Reuters Boeing and its

Boeing union backs sweetened contract offer that could end strike, sets vote for Monday Read More »

Ford to halt production of electric F-150 Lightning next month until 2025

Ford to halt production of electric F-150 Lightning next month until 2025

Ford workers produce the electric F-150 Lightning pickup at the automaker’s Ford Rouge Electric Vehicle Center on Dec. 13, 2022. Michael Wayland | CNBC DETROIT — Ford Motor plans to halt production of its all-electric F-150 Lightning from mid-November until early next year to address bloated inventories and narrow losses on the pickup trucks. The

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Carvana raises 2024 earnings guidance after topping Wall Street’s Q3 expectations

Carvana raises 2024 earnings guidance after topping Wall Street’s Q3 expectations

A Carvana sign and signature vending machine in Tempe, Arizona. Michael Wayland | CNBC Carvana on Wednesday raised its 2024 earnings guidance after the online used-car retailer significantly topped Wall Street’s third-quarter expectations. Here’s how the company performed in the third quarter, compared with average estimates compiled by LSEG: Earnings per share: 64 cents vs. 25

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Airbus delivers first extra-long-range Airbus A321 as smaller jets fly farther

Airbus delivers first extra-long-range Airbus A321 as smaller jets fly farther

An Airbus A321XLR Neo passenger aircraft performs a flying display at the Paris Air Show in Le Bourget, Paris, France, on Monday, June 19, 2023.  Nathan Laine | Bloomberg | Getty Images Airbus said Wednesday that it has handed over its first extra-long-range narrow-body aircraft, the A321XLR, marking another step in an era of smaller

Airbus delivers first extra-long-range Airbus A321 as smaller jets fly farther Read More »

 billion marina development aims to turn Fort Lauderdale into ‘mini Monaco’

$2 billion marina development aims to turn Fort Lauderdale into ‘mini Monaco’

Renderings of plans for a new development at the Bahia Mar marina in Fort Lauderdale, Florida. Courtesy: ArX Creative A team of developers including Related Group is launching a $2 billion development at the largest marina in Fort Lauderdale, Florida, aiming to create a “mini Monaco,” according to executives. The new development at the Bahia

$2 billion marina development aims to turn Fort Lauderdale into ‘mini Monaco’ Read More »

Harris vs. Trump: Auto insiders weigh in on both candidates, top issues

Harris vs. Trump: Auto insiders weigh in on both candidates, top issues

New Ford F-150 trucks go through the assembly line at the Ford Dearborn Plant on April 11, 2024 in Dearborn, Michigan.  Bill Pugliano | Getty Images DETROIT — The automotive industry has become a crucial topic during the 2024 presidential election as Michigan — home of the Motor City and 1.1 million automotive jobs —

Harris vs. Trump: Auto insiders weigh in on both candidates, top issues Read More »

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