One of the largest explosions in the history of the Army’s Fort Benning base was set off by Marines — fortunately, on purpose. This video shows extraordinary detail of how troops set up, use, and detonate the M-58 Mine Clearing Line Charge (MCLC or MICLIC). (If all you care about is the explosions, just fast-forward to 2:11). For a higher-tech way of accomplishing the same mission, read the story here.
After three years of the “age of austerity” in Western military spending, investors’ imperatives and corporate strategies show one indication of how the defense-industrial base will evolve over the next decade. Investors want public companies that demonstrate an attractive risk-adjusted total return, not just M&A-fueled arbitrage plays. In response, companies are husbanding or harvesting their financial… Keep reading →