A recent survey sponsored by Chubb and published by Dynata shows that just under 50% of business travelers say they would be comfortable flying domestically, while just 31% say would fly internationally. These results vary by region, but are directionally consistent among all. Surveys like this provide some insight as to consumer sentiment about products. They can also reveal apprehensions about behavior that limits economic activity. Yet, despite what these data show, the real number traveling may be quite different from what was estimated. That’s because surveys like this are notoriously inaccurate, since what people say they will do or pay readmore
The U.S. Navy has destroyed a surface target with a swarm of drones for the first time. The strike, disclosed in a briefing on April 26th, was carried out during the Unmanned Systems Integrated Battle Problem (UxS IBP) 21 exercise conducted off the coast of California. The swarm attack was one of unmanned systems operations during the exercise. These included a combination of unmanned aircraft and boats identifying a surface target so it could be engaged with an SM-6 anti-ship missile from the guided-missile destroyer USS John Finn. “Our goal for this exercise is to evaluate these unmanned systems and readmore
Israel has produced a highly formidable air defense missile system and a lethal high-tech loitering munition, both of which are battle-tested and available for export. In April, Israel tested the new Extended Range version of its Barak 8 air defense missile system. Developed by Israel Aerospace Industries (IAI), the Barak 8 is designed for shooting down aircraft, drones, helicopters, cruise missiles, and even ballistic missiles. reportedly shot down a Russian-built Armenian Iskander ballistic missile during the 2020 Nagorno-Karabakh conflict. About a dozen land and sea-based Barak 8 interceptors could enable a country to adequately protect installations and areas of civil, economic, or military importance readmore
When Americans think about the contributions of immigrants to the defense of the nation we should recall there was a time when it appeared unlikely America would even be a nation. Alexander Hamilton played an important role in America’s early years and Thomas Paine galvanized public opinion with Common Sense, but Friedrich von Steuben played the most critical military role of any immigrant during America’s fight for independence. In a way, he was America’s first employment-based immigrant. In 1777, Friedrich von Steuben, a former Prussian officer, met with Benjamin Franklin, the colonies’ ambassador to France, and Franklin’s readmore
While airlines aren’t out of the woods yet, the recent uptick in booking volumes are a welcome sign for the industry. So, as airlines emerge from this "holding pattern" of hyper-focus on cash conservation and survival, some interesting and potentially long-lasting dynamics are developing. One of those is airlines’ approach to the business travel segment, and how they are adjusting their strategy in response to its recovery. Leisure gaining more mindshare from airlines Pre-pandemic, market share growth in the business segment – given its high yield, relative inelasticity and very loyal nature – was front and center for most readmore
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