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The rise of 'conspicuous waiting': The 19th-century economic theory that explains why Gen Z posts their place in line

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The rise of 'conspicuous waiting': The 19th-century economic theory that explains why Gen Z posts their place in line

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Millennials say they’ll refuse to care for aging boomer parents—but they’ll be forced to as their inheritance shrinks to 40 cents on the dollar

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Tim Cook signed off on his final Apple earnings call with a warning about a ‘100-year flood’ in memory chip pricing
PoliticsUkraine invasion

Ukraine building Patriots is in Lockheed’s interest, McCaul says

By
Christina Ruffini
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,
David Gura
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Bloomberg
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David Gura
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July 11, 2026, 7:12 PM ET
Patriot surface-to-air missile systems are seen at Warsaw Babice Airport in the Bemowo district of Warsaw, Poland on February 6, 2023.
Patriot surface-to-air missile systems are seen at Warsaw Babice Airport in the Bemowo district of Warsaw, Poland on February 6, 2023. Jaap Arriens/NurPhoto via Getty Images
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US defense contractors including Lockheed Martin Corp. have every interest to let Ukraine manufacture Patriot missile interceptors after President Donald Trump pledged the US would grant a license for the weapons system, a senior Republican lawmaker said.

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“I think it’s in their best interest to do so for many factors,” Representative Michael McCaul, a House Foreign Affairs Committee member from Texas, said Saturday on Bloomberg This Weekend when asked whether Lockheed would license the technology. “If the president wants this done, it’s in their best interest to comply with that.”

Ukrainian President Volodymyr Zelenskyy has long pleaded with the US and other allies to supply more interceptors to fend off Russian ballistic missile attacks that have devastated targets, including cities, during more than four years of full-scale war. 

Trump told Zelenskyy during a meeting at a NATO summit this week that the US will be “giving a license to you” to make Patriots, which also includes technology from RTX Corp.’s Raytheon unit.

McCaul was interviewed while in Ukraine, where he said Ukrainian military officials briefed him on home-grown drone technology and their forces’ advances in retaking Russian-occupied territory.

“I think Ukrainians can build this thing faster, and maybe even better,” he said, referring to Patriots. “So Lockheed could learn something from the Ukrainians about their own interceptors — how to improve them, how to manufacture them more quickly.”

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