Trump Says Iran ‘Has To Have Some’ Ballistic Missiles

Rheinmetall Crashes Most In Months After Guidance Cut (Again) On Military Ramp-Up Risk Rheinmetall AG shares plunged the most since late June in European trading after the German defense manufacturer slashed its annual sales forecast for the second time in months. Berenberg analysts pointed out that "Weapon & Ammunition drives most of the guidance cut."The company, which makes tanks and armored vehicles, artillery, ammunition, air-defense systems and military electronics, now expects 2026 revenue of about $14.8 billion, down from its previous forecast of $15.37 billion to $15.93 billion. The operating...

Anduril Unveils Tiltrotor Killer Drone Straight Out Of 'Terminator' Palmer Luckey's defense company Anduril Industries unveiled Thunder, an autonomous aircraft designed to deliver missiles, drones, electronic-warfare systems and cargo into heavily contested airspace. "In this new era of maneuver warfare, we need eyes for what's ahead and a shield for what we can't afford to lose," Anduril wrote in a tweet. Thunder is a Group 5 autonomous attack rotorcraft, meaning it weighs more than 1,320 pounds, as shown in the UAS classification chart below, courtesy of Piper Sandler. Anduril noted, "A first...

Hawaii's 'Blood Quantum' Rule Deepens The State's Housing Crisis Authored by Rachel Chiu via the Foundation for Economic Education (FEE) Hawaiian residents are challenging ancestry-based housing restrictions in federal court. A pair of lawsuits filed in June and July takes aim at the Department of Hawaiian Home Lands, a state agency that reserves long-term homestead leases to individuals who meet the state’s “blood quantum” requirement. To be eligible for a homestead lease—long-term, affordable leases for residential, agricultural, and pastoral purposes—an applicant must prove that he or she has 50 percent Native Hawaiian ancestry....