Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

News

Australian Navy enhances surface combat fleet

Published

on

The Albanese Government has unveiled plans for a significantly larger and more potent surface combatant fleet for the Royal Australian Navy.

This ambitious blueprint, surpassing the previous government’s proposals, aims to more than double the size of the surface combatant fleet, in response to the findings of an independent analysis commissioned following the Defence Strategic Review.

Highlighting the imperative of adapting to evolving strategic circumstances, the government emphasised the need for a robust surface combatant fleet to safeguard crucial sea lines of communication and maritime trade routes.

This proposed fleet, the largest since World War II, underscores a pivotal shift in Australia’s maritime defense strategy.

Australia to prioritise long-range strike capability in defence …

Immediate action

The independent analysis underscored the pressing need for immediate action to address the aging surface combatant fleet, stressing enhancements in air defense, long-range strike capabilities, and anti-submarine warfare.

In accordance with these recommendations, the future fleet is slated to comprise:

– 26 major surface combatants, including upgraded Hobart class air warfare destroyers, Hunter class frigates geared towards undersea warfare and strike capabilities, and new general purpose frigates equipped for maritime and land strike, air defense, and escort roles.
– Additionally, the fleet will feature six new Large Optionally Crewed Surface Vessels to significantly bolster long-range strike capabilities.
– To complement these major vessels, the fleet will also include 25 minor war vessels, including six Offshore Patrol Vessels, contributing to civil maritime security operations.

Significantly, the Hunter class frigates will be constructed in South Australia, with subsequent upgrades planned for the Hobart class destroyers.

The accelerated rollout of new general-purpose frigates will obviate the need for Transition Capability Assurance upgrades, ensuring a more streamlined and efficient modernization process.

The consolidation of naval infrastructure at the Henderson precinct, as recommended by the Defence Strategic Review, is currently underway.

Successful completion of this consolidation will not only facilitate the construction of eight new general-purpose frigates but also pave the way for the manufacture of six new Large Optionally Crewed Surface Vessels in Western Australia.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

Continue Reading

Crypto

Crypto crash alert: Bitcoin and Ethereum plunge amid market turmoil

Crypto market downturn hits Bitcoin and Ethereum; insights on volatility, recovery, and long-term targets from Oz Sultan.

Published

on

Crypto market downturn hits Bitcoin and Ethereum; insights on volatility, recovery, and long-term targets from Oz Sultan.


The crypto market is facing a sharp downturn as Bitcoin and Ethereum see significant losses, sparking concerns among investors. Analysts warn of continued volatility but remain cautiously optimistic about a rebound by 2026–2027.

We sit down with Oz Sultan from Sultan Interactive Group to break down what’s driving this market shake-up. From $608 million in liquidations to the impact on overall market sentiment, we explore what this means for both short-term traders and long-term investors.

Get insights on Bitcoin’s long-term targets, potential recovery trends, and what historical data suggests for the future of cryptocurrency.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker


Download the Ticker app

Continue Reading

News

Airbus hit by new A320 fuselage panel defect triggering share price drop

Airbus faces manufacturing issues with A320 fuselage panels, impacting shares but confirming safety for in-service aircraft.

Published

on

Airbus faces manufacturing issues with A320 fuselage panels, impacting shares but confirming safety for in-service aircraft.


Airbus is confronting a fresh manufacturing issue after discovering a quality defect in several dozen fuselage panels used on A320-family jets. The revelation sparked investor concern, with shares falling by up to 10% as the news broke.

While the newly identified flaw has caused some delivery delays, Airbus confirms that aircraft already in service are safe and unaffected. The defect is limited to a specific batch of panels, and all new production now meets required standards.

The company has apologised for the disruption and says it is working closely with suppliers to prevent a repeat of the issue.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

#Airbus #A320neo #AviationIndustry #Manufacturing #AviationSafety #StockMarket #Aerospace #TickerNews


Download the Ticker app

Continue Reading

News

Bitcoin tanks as markets turn risk-off and tech stocks slide

Bitcoin drops over 7% to $84,555, its lowest in a week, amid waning investor confidence and bearish market pressures.

Published

on

Bitcoin drops over 7% to $84,555, its lowest in a week, amid waning investor confidence and bearish market pressures.


Bitcoin has suffered a sharp decline, falling more than 7% and slipping to $84,555 — its lowest point in over a week. After a brutal November where BTC shed more than $18,000, its biggest dollar drop since mid-2021, investor confidence is wavering. Analysts say multiple pressures, including negative ratings for major stablecoins, are amplifying bearish sentiment across the market.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

#Bitcoin #CryptoNews #Markets #TechStocks #Investing #Blockchain #FinancialNews #TickerNews


Download the Ticker app

Continue Reading

Trending Now