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Indonesia search-and-rescue officials said a 7.7-magnitude earthquake and several strong aftershocks struck on the morning of the 15th near Flores Island in eastern Indonesia, killing at least 20 people.

2026-08-15

Indonesia search-and-rescue officials said a 7.7-magnitude earthquake and several strong aftershocks struck on the morning of the 15th near Flores Island in eastern Indonesia, killing at least 20 people.

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2026-08-15

Pressure on Patriot interceptor inventories after the US–Iran conflict has pushed Boeing, Lockheed Martin, Northrop Grumman and Raytheon to race to field cheaper, faster-to-produce missiles. Years of adding advanced seekers and propulsion have driven

Pressure on Patriot interceptor inventories after the US–Iran conflict has pushed Boeing, Lockheed Martin, Northrop Grumman and Raytheon to race to field cheaper, faster-to-produce missiles. Years of adding advanced seekers and propulsion have driven per-unit prices above $4m and production lead times of years. The Pentagon has warned firms to change or be left behind, seeking lower-cost options to counter cheap threats such as drones. Lockheed has introduced a low-cost ACE interceptor at roughly $2m a unit—under half the cost of an enhanced PAC-3 MSE. Boeing is developing an “ultra-low-cost” seeker to reduce guidance cost share. Northrop unveiled a new raid/hunter system and Raytheon is expanding applications of its low-cost Coyote counter‑UAS missile. The Army says not all targets require the most advanced interceptors, but most low-cost concepts still need several years to reach mass production.
2026-08-14

The preliminary reading of the University of Michigan Current Conditions Index for August was 51.8, below the expected 55 and the previous reading of 54.8.

The preliminary reading of the University of Michigan Current Conditions Index for August was 51.8, below the expected 55 and the previous reading of 54.8.
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