US Defense Department To Deploy Thousands Of Fully-Autonomous, AI-Controlled Units By 2025
Portfolio Pulse from Natan Ponieman
The U.S. Department of Defense is planning to develop a fleet of autonomous, unmanned vehicles that use artificial intelligence for defense tasks. The project, named 'Replicator', is expected to produce thousands of fully autonomous units within 18 to 24 months. The department aims to speed up the development of AI-powered military instruments to compete with China's fast innovation in the field. The defense sector had a negative day in Wall Street, with shares from Lockheed Martin Corp, Boeing Co, Northrop Grumman Corp, iShares US Aerospace & Defense ETF, and SPDR S&P Aerospace & Defense ETF all dropping.
September 06, 2023 | 9:35 pm
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NEGATIVE IMPACT
Boeing Co's shares dropped 2.0% on Wednesday.
The drop in Boeing's shares is likely due to the overall negative day in the defense sector.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
The iShares US Aerospace & Defense ETF was down 1.2%.
The drop in the iShares US Aerospace & Defense ETF is likely due to the overall negative day in the defense sector.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Lockheed Martin Corp's shares dropped 4.7% after the company announced a cut in its delivery outlook for F-35 jets, and delayed deliveries for TR-3 jets.
The drop in Lockheed Martin's shares is likely due to the company's announcement of a cut in its delivery outlook for F-35 jets and delayed deliveries for TR-3 jets.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Northrop Grumman Corp's shares fell 1.7%.
The drop in Northrop Grumman's shares is likely due to the overall negative day in the defense sector.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
The SPDR S&P Aerospace & Defense ETF dropped 0.42%.
The drop in the SPDR S&P Aerospace & Defense ETF is likely due to the overall negative day in the defense sector.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 70