Tag: Billion

Health

Greater than 1 billion doses administered

Post author By
Post date June 21, 2021

A medical worker will receive the Covid-19 vaccine on April 7, 2021 at Sun Yat-sen University’s First Affiliated Hospital in Guangzhou, Guangdong Province, China.

Southern image | Visual China Group | Getty Images

GUANGZHOU, China – China has delivered more than a billion doses of its Covid-19 vaccines, a major milestone in the world’s largest vaccination drive.

As of Saturday, 1,100,489,000 doses had been administered to people in China, according to the country’s National Health Commission (NHC). More than 100 million doses were administered in the six days up to and including Saturday.

It is unclear how many people were fully vaccinated as the government does not publish these numbers. But Zhong Nanshan, one of the leading Chinese health experts at the NHC, said in March that the country is aiming to fully vaccinate 40% of the population by the end of June.

After the coronavirus outbreak in China last year, authorities tried to get it under control quickly and largely managed to reopen the economy and get life back to normal. One reason China’s vaccination campaign got off to a slow start earlier this year was because people failed to realize the urgency of vaccination.

But the campaign has now started. It took China 25 days to go from 100 million cans to 200 million cans – and just six days from 800 million to 900 million, according to state media Xinhua.

Still, there were new coronavirus outbreaks in the country last year. Since the end of May, the southern Chinese city of Guangzhou has been fighting against the delta variant that was first created in India. It is the first time this variant has been broadcast locally in mainland China.

The city reported no new locally transmitted cases on Sunday after a mass test drive and local lockdowns.

CNBC two visited vaccination sites in town earlier this month and saw long lines as people rushed to get vaccinated.

The World Health Organization has approved the Chinese-made Sinopharm since May and the Sinovac Covid-19 vaccine since June for emergencies.

China has shipped its vaccines to countries around the world including Brazil, the United Arab Emirates and Malaysia. However, US and European health officials have not approved Chinese emergency vaccines.

There were questions about the effectiveness of the vaccines made in China. The effectiveness rates for China’s Covid vaccines have been found to be lower than those developed by Pfizer-BioNTech and Moderna.

Chile, another recipient of Chinese vaccines, released the results of a real-world study of over 10 million people in April. The Sinovac vaccine was found to reduce deaths by 80%. Despite being one of the most heavily vaccinated countries in the world, Chile saw an increase in cases in April.

Tags administered, Billion, Doses

World News

Virgin Orbit in talks with SPAC for $three billion deal to go public

Post author By
Post date June 13, 2021

Richard Branson’s Virgin Orbit blasts satellites into space from 747

Richard Branson’s Virgin Orbit takes off on a rocket under the wings of a modified Boeing 747 jetliner for a major drop test of its high-altitude launch system for satellites from Mojave, Calif., July 10, 2019.

Mike Blake | Reuters

Virgin Orbit, the satellite launch spin-off from Sir Richard Branson’s Virgin Galactic, is in advanced discussions to go public via a SPAC led by a former Goldman Sachs partner valued at approximately $ 3 billion , confirmed CNBC on Saturday.

The company is in talks about a deal with NextGen Acquisition II, a person familiar with the discussions told CNBC. NextGen II is a special-purpose acquisition company co-led by George Mattson, who previously led Goldman’s global industrial group, and former PerkinElmer Chairman and CEO Gregory Sum.

Sky News first covered the talks on Saturday and said a deal will be announced in the coming weeks. Virgin Orbit declined CNBC’s request for comment.

The company is a spin-off from Branson’s space tourism company Virgin Galactic. Virgin Orbit is privately owned by Branson’s multinational conglomerate Virgin Group, with a minority stake in Abu Dhabi sovereign wealth fund Mubadala.

The company’s first demonstration launch in May 2020.

Greg Robinson | Jungfrau Railway Or

Virgin Orbit uses a modified Boeing 747 aircraft to launch its missiles, a method known as air launch. Rather than launching missiles from the ground like competitors like Rocket Lab or Astra do, the company’s planes carry its LauncherOne missiles up to an altitude of around 45,000 feet and drop them just before they fire the engine and accelerate into space – a method that the company is promoting more flexibly than a ground-based system.

LauncherOne is designed to carry small satellites weighing up to 500 kilograms, or around 1,100 pounds, into space. Virgin Orbit completed its first successful launch in January and plans to have its second later this month.

Next Gen II raised $ 350 million when it completed its IPO in March and an additional $ 33 million greenshoe deal in April for a total of $ 383 million. The funds would primarily be used to help Virgin Orbit scale its business. Virgin Orbit CEO Dan Hart told CNBC in October that the company plans to raise approximately $ 150 million in fresh capital.

Branson brought Virgin Galactic to the public in 2019 through a SPAC deal with billionaire investor Chamath Palihapitiya.

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Tags Billion, Deal, Orbit, public, SPAC, talks, Virgin

World News

G-7 leaders to pledge 1 billion doses of Covid vaccines to poorer nations

Post author By
Post date June 11, 2021

LONDON – The G-7 leaders are expected to pledge 1 billion doses of coronavirus vaccine to poorer nations this weekend to allay concerns about vaccine nationalism.

The world’s most advanced economies – as the G-7 defines itself – have been criticized for not sharing more vaccines with countries that have fewer resources. For example, the United States has a legal requirement that it cannot send vaccines abroad until it has reached satisfactory levels of vaccination within its borders. The UK and the EU have also received similar criticism.

However, the G-7 countries – the US, UK, Canada, France, Germany, Italy and Japan – want to end the pandemic next year and will increase their individual contributions, according to a statement released by the UK government on Thursday.

The UK already announced on Thursday that it would donate at least 100 million surplus coronavirus vaccine doses within the next year. The United States also announced earlier this week that it would donate 500 million doses of the Pfizer BioNTech shot to low-income countries.

On Thursday, EU Commission President Ursula von der Leyen, who will represent the EU in the G-7, also said: “We are signing the G-7’s goal of ending the pandemic by 2022 through increased global vaccination.”

Sharing vaccines is described by health officials as the only way to end the pandemic completely. Because as long as the virus exists, it can mutate and spread around the world. At the same time, measures like lockdowns and social distancing are likely to continue to affect global economic performance.

According to the Johns Hopkins University, there have been more than 174 million cases of Covid-19 and more than 3.7 million deaths worldwide since the pandemic broke out in early 2020.

The pandemic is at the center of discussions among G-7 leaders, whose three-day summit in Cornwall, England, kicks off on Friday.

In this context, the US surprised other heads of state and government last month by supporting the waiver of intellectual property rights for Covid vaccines.

Health experts, human rights groups and international medical charities argue that this is vital to urgently addressing the global vaccine shortage amid the pandemic and ultimately avoiding a prolongation of the health crisis. However, vaccine makers say this could disrupt the flow of raw materials and result in less investment in health research by smaller biotech innovators.

This opinion is also shared by some EU leaders, in particular French President Emmanuel Macron and German Chancellor Angela Merkel.

Tags Billion, Covid, Doses, leaders, nations, pledge, Poorer, vaccines

World News

Northvolt raises $2.75 billion from Goldman, VW to compete with Tesla

Post author By
Post date June 10, 2021

Northvolt’s battery factory in northern Sweden in June.

North volt

Northvolt, a Swedish battery maker, has raised $ 2.75 billion from a number of big names to fuel its global expansion and increase production.

Headquartered in Stockholm, the company makes the lithium-ion batteries used to power electric cars, and claims it has signed $ 27 billion in contracts with companies like BMW and VW. The aim is to manufacture “the most environmentally friendly batteries in the world” using renewable energy sources and recycled raw materials.

The latest funding round, Northvolt’s largest to date, was led by Goldman Sachs and VW alongside new investors including Swedish pension funds AP1, AP2, AP3, AP4 and Canadian pension provider OMERS. Previous investors such as Spotify CEO Daniel Ek and the investment company Baillie Gifford are also investing in the round.

The total investment in the company now stands at $ 6.5 billion. The latest round of funding valued Northvolt at $ 11.75 billion, according to a person familiar with the company who asked to remain anonymous as Northvolt did not publicly disclose the number.

Northvolt was founded in 2016 and intends to use the financing to expand the capacity of its plant in the far north of Sweden from 40 gigawatt hours to 60 gigawatt hours, which is enough to supply batteries for around 1 million electric vehicles. Production is scheduled to start at the factory this year.

Non-public fairness group nears a $30 billion deal to purchase Medline, report says

Post author By
Post date June 5, 2021

A Medline Industries employee collects examination gloves to be included in personal protective equipment (PPE) kits that will be shipped to various healthcare facilities at their warehouse in Mundelein, Ill., On Monday, October 20, 2014. Bloomberg via Getty Images

Bloomberg | Bloomberg | Getty Images

A group of private equity firms, including the Blackstone Group, Carlyle Group and Hellman & Friedman, are on the verge of a deal to buy medical device manufacturer and distributor Medline Industries, the Wall Street Journal reports.

The sale could be worth more than $ 30 billion for Medline, people familiar with the matter told the newspaper.

Medline Industries of Northfield, Illinois, manufactures 550,000 types of medical supplies for specialty medical facilities such as surgical centers, acute care facilities, nursing homes, hospice centers, and hospital laundries, according to the company’s website. Founded in 1910 by AL Mills, the family business now sells in more than 125 countries.

WSJ originally reported Medline’s interest in an April sale.

When CNBC reached them, Blackstone and Hellman spokesmen declined to comment. Carlyle and Medline representatives were not immediately available.

Read the full report in the Wall Street Journal here.

Tags Billion, Buy, Deal, Equity, Group, Medline, Nears, private, report

World News

Software program start-up Celonis valued at $11 billion in new funding spherical

Post author By
Post date June 2, 2021

Celonis co-founders Bastian Nominacher, Alexander Rinke and Martin Klenk.

Celonis

LONDON — Enterprise software firm Celonis on Wednesday said it had raised $1 billion in a new round of funding, valuing the company at an eye-watering $11 billion.

The new investment was co-led by Durable Capital Partners and T. Rowe Price Associates, with Franklin Templeton and Splunk Ventures also participating. Celonis is now worth more than four times the $2.5 billion it was last privately valued at in a 2019 cash injection.

Founded in 2011 by three friends in Munich, Germany, Celonis began life as a college project for consulting businesses on improving their IT processes.

Celonis pioneered a technology called “process mining,” which analyzes data from a company’s event logs to identify problems with certain processes and figure out ways to streamline them.

Last year, the company launched a new platform called “execution management,” which gives clients access to a dashboard showing real-time data on processes and the ability to automate certain tasks.

“As companies grow, inefficiency creeps in and business execution becomes a struggle,” Alex Rinke, co-CEO and co-founder of Celonis, said in a statement. “Employees feel it, customers feel it, and it leads to significant financial losses and environmental impact.”

“We are thrilled and honored that the rise of execution management is defining a new software stack that helps customers reimagine how they execute,” he added. “It is the biggest shift in software since cloud computing.”

The company says it’s growing by triple digits each year, boasting a clientele featuring the likes of Dell, L’Oreal and Pfizer. The New York and Munich-headquartered firm now has more than 1,300 employees globally.

In addition to announcing a huge funding deal, Celonis said it had appointed Carlos Kirjner, formerly vice president of finance at Google, as its new chief financial officer ahead of an anticipated initial public offering.

It’s the latest sign of how investors are gushing over enterprise software businesses with recurring revenue streams and comes at a time when the coronavirus pandemic has accelerated a digital shift for businesses of all shapes and sizes.

A slew of software companies have gone public in the U.S. over the past year. Romanian-founded firm UiPath went public in a blockbuster debut on the New York Stock Exchange in April, while cloud company Snowflake listed last September.

Tags Billion, Celonis, funding, Software, startup, valued

Business

Etsy is shopping for the style resale app Depop for $1.6 billion.

Post author By
Post date June 2, 2021

Depop, the fashion resale marketplace beloved by Generation Z, is to be acquired by Etsy for $1.6 billion, the two companies announced on Wednesday.

The cash deal, which is expected to close by the third quarter of this year, underscores the growing influence of clothing resale platforms. More shoppers are turning to the secondhand market for something cheaper and — potentially — greener as the overproduction of clothing increasingly adds to landfills.

The trend appears to have been accelerated by the pandemic as more shoppers looked to declutter wardrobes, earn cash by selling their old clothes or set up fashion customization businesses from their bedrooms.

Investor appetite is also on the rise. Last month, Europe’s largest secondhand fashion marketplace, Vinted, raised 250 million euros in a funding round that valued the start-up at €3.5 billion ($4.26 billion), while in the United States companies such as ThredUp and Poshmark have gone public this year.

Depop, which was founded in 2011, has been particularly successful in building a marketplace for younger consumers, who are adopting secondhand fashion faster than any other group. Ninety percent of its users are under 26, with 30 million users across 150 countries. The platform is particularly known for its vintage clothes and streetwear — and for creating a new cohort of online influencers famous for selling their wares.

“We are simply thrilled to be adding Depop — what we believe to be the resale home for Gen Z consumers — to the Etsy family,” said the Etsy chief executive, Josh Silverman.

He said he believed the platform had “significant potential to further scale” and said that he saw “significant opportunities for shared expertise and growth synergies” for Etsy’s apparel sector, which was valued at $1 billion last year.

According to the Boston Consulting Group, the global pre-owned apparel market is worth up to $40 billion a year — about 2 percent of the total apparel market. It is expected to grow 15 to 20 percent annually for the next five years.

Tags app, Billion, buying, Depop, Etsy, Fashion, resale

Business

World financial leaders name for $50 billion from rich nations

Post author By
Post date June 2, 2021

People wearing protective face masks wait to receive a dose of COVISHIELD, a coronavirus disease (COVID-19) vaccine manufactured by Serum Institute of India, at a vaccination centre in New Delhi, India, May 4, 2021.

Adnan Abidi | Reuters

Global economic and health leaders called on the world’s wealthier nations to provide $50 billion in funding to accelerate Covid-19 vaccine distribution across the planet and help end the pandemic.

The heads of the International Monetary Fund, World Bank, World Health Organization and World Trade Organization said Tuesday that nations need to act before the virus has a chance to spread throughout unvaccinated countries and evolve into more dangerous new variants.

The group, which published an op-ed in newspapers across the globe this week, said there was a two-track pandemic brewing with richer nations vaccinating large portions of their populations while poorer countries that have received less than 1% of the vaccines administered so far “being left behind.”

“Even as some affluent countries are already discussing the rollout of booster shots to their populations, the vast majority of people in developing countries — even front-line health workers — have still not received their first shot,” according to the op-ed signed by IMF Managing Director Kristalina Georgieva, WHO Director-General Tedros Adhanom Ghebreyesus, World Bank President David Malpass and WTO Director-General Ngozi Okonjo-Iweala.

“By now it has become abundantly clear there will be no broad-based recovery without an end to the health crisis. Access to vaccination is key to both,” they wrote, noting that $50 billion will generate some $9 trillion in additional global output by 2025 by accelerating an end to the pandemic.

The money would go toward increasing manufacturing capacity, supply and delivery, which would accelerate the equitable distribution of diagnostics, oxygen, treatments, medical supplies and vaccines.

“Cooperation on trade is also needed to ensure free cross-border flows and increasing supplies of raw materials and finished vaccines,” they said.

They said the money is “a relatively modest investment by governments in comparison to the trillions spent on national stimulus plans and lost trillions in foregone economic output.”

“WTO members can and should deliver on all three fronts,” Okonjo-Iweala said. The trade group currently has members from 159 countries around the world.

The WHO said last week that Africa needs at least 20 million AstraZeneca Covid vaccine doses within the next six weeks to get the second round of shots to people who’ve already received the first. The continent has received only 1% of all of vaccines administered globally and needs another 200 million doses of any cleared Covid-19 vaccines to vaccinate 10% of the continent by September.

“More than 700 million vaccine doses have been administered globally, but over 87% have gone to high income or upper middle-income countries, while low income countries have received just 0.2%,” the WHO’s director-general, Tedros Adhanom, said in a briefing last month.

Many countries have had to rely on COVAX for their doses, a global collaboration of organizations like the WHO and UNICEF, to speed the production and delivery of Covid-19 vaccines across the world.

The WHO and its COVAX partners hope to vaccinate 30% of the population in all countries by the end of 2021, if they get enough funding.

“This can reach even 40% through other agreements and surge investment, and at least 60 percent by the first half of 2022,” the agency leaders said.

Tags Billion, Call, Economic, leaders, nations, wealthy, world

Politics

Biden’s price range proposal requires $36 billion to combat local weather change

Post author By
Post date June 1, 2021

U.S. President Joe Biden delivers remarks on tackling climate change prior to signing executive actions in the State Dining Room at the White House in Washington, January 27, 2021.

Kevin Lamarque | Reuters

President Joe Biden’s 2022 budget proposal calls for more than $36 billion to fight global climate change, an increase of more than $14 billion compared with 2021, with major new investments focused on clean energy, climate and sustainability research and improved water infrastructure.

The widespread funding for climate change issues would move forward the president’s vow to slash U.S. carbon emissions in half by 2030 and put the economy on a path to carbon neutrality by mid-century.

Biden’s main spending areas on climate include:

$10 billion for clean energy innovation
$7 billion for NOAA research
$6.5 billion for rural clean energy storage, transmission projects
$4 billion for advancing climate research
$3.6 billion for water infrastructure
$1.7 billion for retrofitting homes and federal buildings
$1.4 billion for environmental justice initiatives

Climate change is “an opportunity to create new industries and good-paying jobs with a free and fair choice to join a union, revitalize America’s energy communities and the economy, and position America as the world’s clean energy superpower,” the White House proposal released on Friday said.

In an effort to decarbonize the electricity sector by 2035, the budget calls for $2 billion to employ welders, electricians and other laborers on clean energy projects across the U.S. It also includes $580 million to remediate abandoned oil and gas wells and reclaim old mines.

The budget calls for $815 million to incorporate climate change risk in disaster planning and includes more than $1.2 billion above 2021 levels to boost U.S. resilience to more frequent and intense climate disasters like wildfires, floods and drought.

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The president’s budget is intended in part to fund his sweeping infrastructure package, called the American Jobs Plan. That proposal involves record spending on climate change mitigation and a nationwide clean energy transition, and if passed, would be one of the largest federal efforts ever to reduce emissions.

While Senate Republicans recently released an infrastructure counteroffer that slashed Biden’s electric vehicle and climate spending, the White House has so far not budged on its climate policies throughout negotiations.

The president’s budget request depends on Congress to pass it. But since Democrats control both chambers this year, Biden could have a good chance to enact major parts of it.

The budget and infrastructure proposals come as the U.S. rejoins international efforts to combat climate change after former President Donald Trump pulled out of the 2015 Paris climate agreement and halted all federal efforts to reduce emissions.

The budget also includes a $1.2 billion contribution to the Green Climate Fund, which aims to help developing countries lower their emissions and adapt to climate change.

The president’s target to reduce domestic emissions in half by 2030 more than doubles the country’s prior commitment under the Paris accord. The Obama administration set out to cut emissions 26% to 28% below 2005 levels by 2025. However, the U.S. is not yet halfway to meeting that goal.

Tags Bidens, Billion, budget, calls, change, Climate, Fight, proposal

Politics

Pentagon asks for $715 billion in 2022 Protection finances

Post author By
Post date May 30, 2021

An F / A-18 Hornet aircraft sits on the airline line while a wall of fire behind it explodes during an air show at Marine Corps Air Station Miramar, Calif., On October 3, 2010.

Lance Cpl. Jamean Berry | US Marine Corps

WASHINGTON – The Department of Defense is asking Congress for $ 715 billion in its fiscal 2022 budget, an increase of about $ 10 billion over what was allocated to the Pentagon in fiscal 2021.

The White House on Friday released the general details of President Joe Biden’s budget proposal for the fiscal year beginning October 1, which targets a whopping $ 753 billion for national defense.

The Pentagon’s $ 715 billion share of the budget will fund weapons programs and key national security priorities, while an additional $ 38 billion will be used for defense programs at the Department of Energy and other federal agencies, bringing the total to defense spending totaling $ 753 billion. Dollar.

The nearly 2% increase in defense spending is due to the Biden administration pulling the nation out of the U.S. military’s longest war and shifting focus away from the Middle East to address the emerging threats from China.

“The division in this budget has a clear view of Beijing and provides the investment to prioritize China as our pace challenge,” Deputy Secretary of Defense Kathleen Hicks told reporters on Friday. “The PRC has become increasingly competitive in the Indo-Pacific region and around the world. It has the economic, military and technological capabilities to challenge the international system and American interests within it,” she added.

The Pentagon is calling for $ 5.1 billion for its Pacific deterrent initiative to counter threats emanating from China.

“At the same time, we have to deal with advanced and persistent threats from Russia, Iran, North Korea and other non-state and transnational factors,” said Hicks.

The Pentagon’s proposed budget includes more than $ 500 million for Covid-19 and pandemic preparation. largest investment in research, development and technology to date, at $ 112 billion; and $ 617 million to combat, prepare and adapt to climate change.

The budget also includes a 2.7% pay increase for troops and civil defense personnel.

Here is a breakdown of some of the major weapons programs the Pentagon is looking to add to its arsenal.

plane

A Naval Airman with Marine Fighter Attack Training Squadron 501 flies an F-35 over North Carolina during air refueling training April 14, 2015.

Cpl. Unique Roberts | US Marine Corps

The Pentagon is asking for $ 52.4 billion to invest in the military’s air domain. The Department of Defense plans to use $ 12 billion to purchase 85 F-35 Joint Strike Fighters. The F-35 is Lockheed Martin’s largest program and the most expensive weapon system in the world.

Other important investments:

14 Boeing KC-46 tankers: $ 2.5 billion
9 Lockheed Martin CH-53K King Stallion helicopters: $ 1.7 billion
12 Boeing F-15EX fighter jets: $ 1.5 billion
30 Apache Boeing AH-64E attack helicopters: $ 825 million

Ships

The aircraft carrier USS Harry Truman will cross the Arabian Sea on January 31, 2020.

Mass Communication Specialist 2nd Class Scott Swofford | US Navy

The Pentagon wants $ 34.6 billion to grow and modernize the Navy’s combat fleet. The Department of Defense is also calling for an unmanned surface vehicle to diversify the Navy’s capabilities.

Other important investments:

1 General Dynamics Columbia-class ballistic missile submarine: $ 5 billion
2 General Dynamics Virginia-class rapid attack submarines: $ 6.9 billion
1 General Dynamics Arleigh Burke-class destroyer: $ 2.4 billion
1 frigate FFG (X) frigate: $ 1.3 billion
1 Huntington Ingalls Ford-class aircraft carrier: $ 2.9 billion
Unmanned surface craft: $ 203 million

vehicles

U.S. Marines with the 3rd Marine Division, III Marine Expeditionary Force position their amphibious assault vehicles on the beach during an amphibious raid drill with Royal Thai Marines on June 10, 2013 in Hat Yao, Thailand.

Cpl. John Lamb | US Marine Corps

The Pentagon calls for $ 12.3 billion for ground combat systems. The request includes upgrades and modifications for 70 rugged M1 Abrams tanks for $ 1 billion.

Other important investments:

3,799 common light tactical vehicles for a variety of missions: $ 1.1 billion
92 amphibious combat vehicles for use throughout the U.S. Marine Corps: $ 613 million

Cybersecurity and IT

The Pentagon is demanding $ 10.4 billion for its cyber efforts, including protecting the Department of Defense’s networks.

Last year, software from IT company SolarWinds was breached, allowing hackers to access communications and data in multiple government agencies.

In April, Washington officially made the Russian foreign intelligence service responsible for carrying out the SolarWinds cyberattack. Microsoft President Brad Smith described the incident as “the largest and most sophisticated attack the world has ever seen”. Microsoft’s systems were also infected with malicious software.

The Russian government denies all allegations behind the SolarWinds hack.

Earlier this month, the Colonial Pipeline was the victim of a widespread cyberattack that forced the company to shut down approximately 5,500 miles of pipeline, cutting off half fuel supplies on the east coast and gasoline shortages in the southeast.

On Thursday, Microsoft warned in a blog post that the Russian hackers believed to be behind the catastrophic SolarWinds attack had launched another attack.

The hacking group known as Nobelium has targeted more than 150 organizations worldwide in the past week, including government agencies, think tanks and non-governmental organizations. The cyber attack is the latest example of criminal groups or state actors exploiting US cyber vulnerabilities.

“With solar winds and other episodes of hacking into US data networks, it makes sense to invest more in cybersecurity, but the Pentagon will not necessarily be the main player in addressing broader cyber challenges for infrastructure, power, communications, and banking systems.” said William Hartung, director of the weapons and security program at the Center for International Politics.

“Partnership with the private sector and federal rules on the path to cybersecurity could also or more importantly be to prevent cyber risks,” he added.

Missile defense

A U.S. Air Force Minuteman III unarmed ICBM launches during an operational test May 3, 2017 at Vandenberg Air Force Base, California.

Aviator 1st class Daniel Brosam | US Air Force

The Pentagon wants $ 20.4 billion for the further development of its multi-layer missile defense system.

“The company finally seems to be moving towards a new vision of missile defense, manifested in new efforts in space sensors, hypersonic and cruise missile defense, and other next-generation technologies,” said Thomas Karako, director of the missile defense project at the Center for Strategic and International Studies, when asked about the budget for missile defense.

“Hypersonic defense will be a challenging, complex form of air defense, but it is possible and that is where the threat has arrived,” added Karako.

Other important investments:

Sea Interceptors (SM-3 IIA and SM-3 IB): $ 647 million
Sea-based Ballistic Missile Defense System, or AEGIS BMD: $ 1 billion
Ground-Based Middle Way and Enhanced Next Generation Homeland Security / Interceptor (NGI): $ 1.7 billion
Terminal High Altitude Area Defense, or THAAD System: $ 562 million
Patriot Advanced Capability Missile Segment Improvement: $ 777 million

place

The 45th Space Wing successfully launches a United Launch Alliance Atlas V rocket for the U.S. Navy that lifted from Space Launch Complex-41 on July 9, 2013 at Cape Canaveral Air Force Station, Florida.

Pat Corkery | via the US Air Force

The Pentagon is calling for $ 20.6 billion to invest in the emerging security environment in space. The Department of Defense plans to spend 1.7 billion US dollars on five launchers and the Rocket System Launch Program (RSLP).

Other important investments:

Global Positioning System (GPS) Company: $ 1.8 billion
Space-based Overhead Persistent Infrared (OPIR) systems: $ 2.6 billion

Tags Asks, Billion, budget, Defense, Pentagon

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