logo
How the US Navy's first hostile drone kill with an air-to-air missile set the stage for the emergence of the 'Murder Hornet'

How the US Navy's first hostile drone kill with an air-to-air missile set the stage for the emergence of the 'Murder Hornet'

Yahoo05-02-2025

US Navy fighter jets have fought Houthi drones in a high-tempo operating environment over the Red Sea.
A first-of-its-kind battle in early 2024 highlighted another air-defense option for the Navy.
The Navy eventually added more air-to-air missiles to its F/A-18 fighter jets.
US Navy fighter jets fought a first-of-its-kind air battle against enemy drones over the Red Sea early last year, Business Insider has learned. Then, months later, American jets were seen flying with a new missile loadout.
The fight was the first successful naval engagement of an enemy drone with an air-to-air missile. It showed what was possible, setting the stage for the Navy to give its F/A-18s a greater air-defense role with a new heavy air-to-air "Murder Hornet" configuration.
Unit award documents obtained by BI show that on January 9, 2024, units from the Dwight D. Eisenhower Carrier Strike Group were patrolling Red Sea shipping lanes when Houthi rebels launched a large-scale attack with drones and anti-ship cruise and ballistic missiles.
Two Navy destroyers — USS Gravely and USS Mason — engaged five of the drones, while a third destroyer, USS Laboon, engaged two anti-ship cruise missiles and an anti-ship ballistic missile.
Meanwhile, aircraft launched from the aircraft carrier USS Dwight D. Eisenhower — the lead ship in the strike group — to help confront the threat. The aircraft from Carrier Air Wing- 3 engaged five drones, marking the first successful naval engagement of a hostile drone with an air-to-air missile, one of the documents said.
The document said that "following the successful engagement" of the drone, the conventional loadout on the F/A-18 fighter jet was changed to support drone defense with more cost-effective weapons "while saving higher-end ordnance for more significant threats."
"Higher-end ordnance" appears to reference surface-to-air missiles launched from American warships.
These weapons can intercept drones, but they are significantly more expensive than missiles launched from a fighter jet. Ship-based interceptors such as the Standard Missile-series interceptors are better suited, from a cost perspective, to taking down enemy ballistic and cruise missiles rather than cheaper drones.
A Navy official told BI that the F/A-18 loadout was changed because of a range of lessons the sea service learned during the Houthi conflict. They said the fighter jets were eventually given more air-to-air munitions. Specifically, they were armed with a new configuration of four AIM-9X and five AIM-120 missiles.
Senior Navy officials have previously said that the new munitions configuration offered greater, much-needed firepower for the counter-drone fight in the Red Sea.
The AIM-9X is the newest model in the Sidewinder family of short-range missiles. The AIM-120 AMRAAM (Advanced Medium-Range Air-to-Air Missile) is a beyond-visual-range weapon. Both munitions are made by American defense contractor RTX Corporation.
The office of the Chief of Naval Operations later identified a Boeing-made F/A-18 with a nine-missile configuration as a "Murder Hornet," a play on the fighter jet's actual name, the Super Hornet.
The CNO's office confirmed the new loadout was used in combat last year. It was first spotted on an F/A-18 during flight operations on the Eisenhower in the Red Sea in April 2024, as the Ike and the other ships in its strike group were deployed to the Middle East to confront the Houthis and their attacks on shipping lanes.
The conflict with the Houthis has been described as a complex, high-tempo operating environment, especially during Eisenhower's deployment. The January 2024 incident demonstrated what the F/A-18 could do against enemy drones, as these aircraft went on to destroy more during the deployment.
US forces have intercepted nearly 500 Houthi drones since the conflict began in October 2023. In March 2024, F/A-18 Super Hornets were spotted sporting drone and missile kill markings.
The Eisenhower carrier strike group fired nearly 800 munitions, including almost 60 air-to-air missiles, during its monthslong Middle East deployment, which ended last summer. Documents reviewed by BI showed that the strike group as a whole was recommended for a Combat Action Ribbon for its actions between October 2023 and May 2024.
Read the original article on Business Insider

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

5 Luxury Cars That Will Have Massive Price Drops in Summer 2025
5 Luxury Cars That Will Have Massive Price Drops in Summer 2025

Yahoo

time2 hours ago

  • Yahoo

5 Luxury Cars That Will Have Massive Price Drops in Summer 2025

Summer 2025 is shaping up to be a buyer's market for luxury cars, with several high-end models expected to see steep price drops. Read Next: Find Out: Lauren Fix, automotive expert at Car Coach Reports, explained that high inventory, slowing demand for electric vehicles and shifting consumer preferences are driving down prices. Economic factors like tariffs, rising interest rates and elevated insurance costs are adding even more pressure, making luxury vehicles less attractive to many buyers. Those in the market for a luxury car should watch for dealer incentives and be ready to negotiate, as dealers are eager to clear out aging inventory. The following five models are set to offer some of the best deals, thanks to unique challenges each is facing in today's market. For anyone considering a luxury car purchase, summer 2025 could be the best time in years to score a deal. The Porsche Taycan, once a darling of the luxury electric vehicle world, is now facing significant depreciation. According to Fix, the luxury EV market is slowing, and the Taycan's resale value has dropped by 26.5% in the past year, now averaging around $73,976. This rapid decline is fueled by advances in EV battery technology and fierce competition from newer models, making older Taycans less appealing. Auto mechanic and JustAnswer expert Chris Pyle, says that dealers are more willing to lower the price in the negotiations to free up funds and space on the lot for the new models coming in. Buyers can expect even more aggressive pricing as summer inventory builds and the market for luxury EVs continues to soften. Jaguar's F-Pace SUV is another luxury vehicle expected to see major price drops this summer. The company's transition to an all-electric lineup by 2026 and a controversial rebrand have weakened demand for the F-Pace. According to Car and Driver, it's the slowest-selling U.S. automobile with a 291-day supply on dealer lots, so dealers may need to lower prices to clear stock. Fix noted that the F-Pace's future is uncertain, and buyers can expect deep discounts as Jaguar prepares to phase out this model. For those looking for a bargain on a stylish and capable luxury SUV, the F-Pace will be hard to overlook this season. The Maserati Grecale, a luxury SUV introduced to compete with top German rivals, is struggling with high pricing and low consumer interest. It saw price reductions for 2025, with the Modena trim now $2,000 less and the Trofeo $3,300 less than last year, according to Fix explained that dealers are likely to offer incentives and attractive financing deals to attract buyers, making this summer a prime time to negotiate a strong deal on a Grecale. RealCarTips reports that the 2025 Grecale GT is already selling for about 7% below MSRP, reflecting dealer incentives and negotiation. The Mercedes-Benz S-Class, long considered the gold standard for luxury sedans, is expected to see reduced resale values in 2025. The S-Class faces increased competition from rivals like the BMW i7 and Lucid Air, as well as shifting market trends toward more affordable electric vehicles. As per Edmunds, the S-Class faces steep depreciation, with the S 580 4MATIC losing nearly $41,000 in value in its first year and over $65,000 in two years. According to Fix, oversupply and aging technology in the current generation are pushing dealers to offer discounts to attract buyers. As a result, those interested in the S-Class can expect to see more competitive pricing and incentives throughout the summer, especially on models that are not the latest refresh. BMW's 5 Series is another luxury sedan likely to experience substantial price drops this summer. The 2025 refresh, combined with increased production, is expected to lower the resale value of older models as newer versions flood the market. RealCarTips reports that the 2025 5 Series is selling for up to 9% below MSRP in some regions, highlighting strong dealer incentives and discounts. As such, dealers will be motivated to clear out prior-year inventory, leading to steep discounts and attractive financing offers. Fix suggested that buyers monitor dealership and online prices closely, as timing a purchase just before the new models arrive could yield the biggest savings. The 5 Series remains popular, but this summer's market conditions make it a standout for bargain hunters seeking a premium driving experience. More From GOBankingRates Mark Cuban Warns of 'Red Rural Recession' -- 4 States That Could Get Hit Hard 10 Genius Things Warren Buffett Says To Do With Your Money 7 Luxury SUVs That Will Become Affordable in 2025 This article originally appeared on 5 Luxury Cars That Will Have Massive Price Drops in Summer 2025

Opportunities And Headwinds Facing America's Emerging Public Companies
Opportunities And Headwinds Facing America's Emerging Public Companies

Forbes

time2 hours ago

  • Forbes

Opportunities And Headwinds Facing America's Emerging Public Companies

Cody Slach, Senior Managing Director at Gateway Group. While tech giants and trillion-dollar valuations dominate financial headlines, an entirely different group of companies continues to build, innovate and hustle for market share: small-cap public companies. Typically defined as businesses with market capitalizations under $2 billion, small-caps make up the backbone of American entrepreneurship on the public stage. And yet, they often remain overlooked by institutional investors, underfollowed by analysts and overburdened by regulation. Their journey is one of high potential but also high pressure. The Upside Of Being Small (And Public) Large corporations may have scale, but small-caps have speed. Without layers of bureaucracy, they can pivot faster in response to market signals. In a landscape increasingly defined by disruption, agility can be a competitive edge. Small-caps often trade at valuations that leave room for substantial upside. A successful product launch, strategic acquisition or entry into a new market can deliver meaningful growth—something harder to achieve in mature, large-cap firms. Many small-caps don't go public with dreams of becoming the next Apple—they go public to build credibility, attract capital and ultimately be acquired. For investors, that often means a built-in exit strategy with potential upside. In small-cap companies, leadership is closer to the business and often more accessible to investors. There's less institutional inertia and more incentive to perform. The Challenges Are Real—And Growing Public companies face mounting compliance costs, and for small-caps, these are felt more acutely. For example, in 2004, U.S. companies with revenues over $5 billion spent 0.06% of revenue on SOX compliance, while companies with less than $100 million in revenue spent 2.55%. With lower trading volumes and limited analyst coverage, small-cap stocks are more vulnerable to price swings. That can deter institutional capital and discourage long-term investors during market downturns. Small-cap firms often struggle to attract top-tier talent, particularly in competitive sectors like AI or biotech. Access to capital is similarly constrained, especially in tighter interest rate environments or risk-off markets. Policy Could Help—Or Hurt There's bipartisan support for revisiting regulations that disproportionately burden small public firms. Reforms could include simplified reporting for companies under a certain revenue threshold or extending the 'emerging growth company' benefits of the JOBS Act. But nothing moves quickly in Washington, and without relief, some promising firms may opt to stay private indefinitely. The Risks Can Be Justified But if investors get it right, the returns can outperform. One way to look at this is the standard deviation of daily returns—i.e., the amount prices move away from the mean. Let's take a look at that for two indices that are synonymous with small-cap and large-cap—the Russell 2000 and Russell 1000 indexes, respectively. According to LSEG, since inception, the standard deviation for the Russell 1000 was 17.54% vs. 20.01% for the Russell 2000. While those numbers may seem small, they measure a large sample size, with outliers to the upside and downside. Picking the right stock in the Russell 2000 can generate substantial alpha. While large-cap tech giants dominate headlines, small-cap public companies (again, market caps under $2 billion) play a vital yet often overlooked role in the U.S. economy. These firms offer agility, growth potential and acquisition appeal, making them attractive to investors seeking outsized returns. Their leadership is typically more accessible and accountable, and they often trade at valuations that allow for substantial upside. However, small-caps also face significant challenges: disproportionately high regulatory compliance costs, liquidity issues, limited analyst coverage, difficulty attracting talent and restricted access to capital. Policy reforms could ease some of these burdens, but progress is slow. Despite higher volatility, as shown by the Russell 2000's greater standard deviation compared to the Russell 1000, smart investors can achieve meaningful returns by picking the right small-cap stocks. Forbes Business Development Council is an invitation-only community for sales and biz dev executives. Do I qualify?

A former Disney exec says peak TV is over, and there's only so much AI can do to help
A former Disney exec says peak TV is over, and there's only so much AI can do to help

Business Insider

time6 hours ago

  • Business Insider

A former Disney exec says peak TV is over, and there's only so much AI can do to help

A former Disney executive said TV's golden era has passed, and even AI can't help it now. Kevin Mayer, who spent more than 14 years in leadership roles at Disney, spoke on Yahoo Finance's "Opening Bid" podcast on Friday about how television is past its peak. Mayer, who is the co-CEO and founder of Candle Media,served as the CEO of TikTok for a few months in 2020. "Content's squeezed right now, and it takes a lot of money to create great content. If you're doing traditional film and TV-length content at a high production value, it's expensive, it's getting more expensive," he told Brian Sozzi, the podcast host. "AI might be helpful there a little bit, because AI is a tool that can help increase efficiencies in creating video and storylines and everything else," he said. However, he also said there's a limit to how much AI can help the industry. "You can't really depend on AI too much," he said. "But as a tool for creative executives and creative people, I think it may it'll actually help with the efficiency, but content's squeezed." Mayer said TV peaked three to four years ago, and "there's no longer the revenue base to afford as much content as once was the case." "This is not enough money to cover that anymore, so content is definitely coming down," Mayer said. In his 14 years at Disney, Mayer was involved in the acquisitions of Marvel, Lucasfilm, Pixar, and 21st Century Fox. As the chair of Disney's direct-to-consumer and international division, he led a team that launched Disney's streaming service, Disney+, in 2019. The use of AI in film and content production is a contentious issue. In 2023, more than 11,000 Hollywood film and TV screenwriters went on strike to protest the use of AI in their industry and demand more regulation. Mayer's comments come at a difficult time for the US media industry. Traditional TV companies have for years been grappling with the rise of streaming platforms like Netflix and Disney+, which have rendered once-essential cable TV networks obsolete. Comcast, the American mass media, telecommunications, and entertainment megaconglomerate that owns MSNBC, CNBC, USA Network, and other cable TV networks, said in November that it would spin off almost all of its TV networks into a separate company.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store