(Bloomberg) Ford Motor Co. reported a big beat for the fourth quarter on strong North American sales of its cash cow F-150 pickup and boosted its ante in the race to develop electric and self-driving vehicles with a $29 billion investment.
(Bloomberg) Citrix Systems Inc. is in advanced talks to buy the work-management platform company Wrike Inc. for more than $2 billion, according to people familiar with the matter.
Advanced underwater vehicle for SOF will be manufactured for first export customer.
Teledyne Brown Engineering has received a $39.21 million contract modification from US Naval Sea Systems Command, to produce Mk11 Shallow Water Combat Submersibles for an unnamed FMS customer.
This marks the first export sale of the Mk11.
Work will be performed in Huntsville, Alabama, and is expected to be completed by September 2024.
The USN contracted Teledyne Brown in 2019 to develop the SWCS as part of a wider effort to develop new underwater transport platforms for elite commandos.
Shephard Defence Insight notes that the SWCS comprises a next-generation free-flooding combat submersible that transports SEAL teams and other SOF personnel, as well as their combat equipment in hostile waters for a variety of missions.
Apple closing stores in Texas, other states
Mark Gurman, Bloomberg
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The Apple Store in Highland Village.Mark Mulligan/Staff photographer
Apple Inc. is closing more than 20 retail stores across Texas, Georgia and North Carolina after Covid-19 cases continue to spike in those states.
The company will shut all five locations in North Carolina, five additional stores in Georgia and about a dozen retail spots in Texas. Apple previously closed its Dallas and Fort Worth-area stores but is now also closing locations in Houston, San Antonio and Austin. The company’s store in El Paso remains open.
Apple’s website says the stores are closing as of Saturday, but the company said customers with products under repair will have an opportunity to pick them up.
(Bloomberg) Taiwan Semiconductor Manufacturing Co. expects to boost capital spending to as much as $28 billion this year in order to safeguard its lead in advanced technologies that made it chipmaker of choice to the world’s technology and auto giants.