drops

Boeing has decided not to pursue a bid for the U.S. Navy’s Undergraduate Jet Training System (UJTS) competition. The company had previously planned to submit a version of the T-7A Red Hawk being built now for the U.S. Air Force. The winning UJTS design will replace the Navy’s T-45 Goshawk jet trainers. The new trainers will become part of a future naval aviation training curriculum for prospective tactical jet pilots that no longer requires carrier qualifications or even simulated touch-and-go carrier landings at bases on land.

The Navy issued a formal request for proposals for UJTS in March. The service currently plans to acquire 216 new jet trainers to replace the just under 200 T-45s that are in its inventory today. With Boeing now out of the running, the Sierra Nevada Corporation (which has now partnered with Northrop Grumman and General Atomics) and a team led by Leonardo and Textron are the only known remaining competitors. Lockheed Martin, which had teamed with Korea Aerospace Industries (KAI), also dropped out back in April. Aviation Week and Breaking Defense were among the first to report on Boeing’s decision regarding UJTS.

“Boeing is focused on meeting our commitments, and we bid for programs where we believe we can provide the right solution tailored to our customers’ needs and requirements,” a Boeing spokesperson told TWZ. “After careful evaluation, we have determined the T-7A does not meet the U.S. Navy’s Undergraduate Jet Training System requirements.”

“We have therefore informed the Navy that we will not bid on the current RFP. We remain committed to delivering the T-7A as a modern, growth-oriented training solution for 4th, 5th and 6th generation pilots as requirements evolve,” they added. “We look forward to providing and sustaining both current and future capabilities for the Navy.”

Boeing says its decision on UJTS is tied to the General Electric F404 turbofan. The company has stressed that the F404 is a proven design with millions of flight hours on multiple platforms, including the T-7A, and is a clear example of a ready-to-field design. Still, Boeing’s view is that the UJTS engine qualification requirements would require additional long-cycle development work, and potentially limit its ability to meet the Navy’s initial operational capability target for the new jet trainers.

All this being said, it is still not entirely clear what the specific issues might be, given that the F404 is such a well-established design that has been and continues to be used on a variety of military aircraft. This includes several other land-based jet trainer designs beyond the T-7, like the Scaled Composites Model 400, which competed against the Red Hawk in the Air Force’s T-X competition, and the Turkish Aerospace Industries Hürjet.

Most notably, the F404 also powers the TF-50N that Lockheed Martin and KAI had put forward for UJTS. At the time of writing, neither Lockheed Martin nor KAI looks to have offered a detailed explanation for the decision to withdraw from the Navy jet trainer competition.

The T-7A has also suffered from various technical and other issues over the course of its development, which has led to significant delays in its entry into Air Force service. The service is now hoping to reach initial operational capability with the Red Hawk next year. Any potential for direct synergies in terms of support and sustainment between the Air Force and Navy jet trainer fleets is now off the table.

It is worth pointing out that the TF-50N and the T-7 are also both single-engine designs. The Beechcraft M-346N that Leonardo and Textron have put forward is powered by a pair of Honeywell F124 turbofans. Two Williams FJ44-4M turbofans power SNC’s Freedom Jet, which is also the only clean-sheet design in the running for UJTS. This may point to a general view of the UJTS requirements that make single-engine designs less attractive.

The Freedom Jet design is also tailored to meet now-axed requirements for UJTS to be able to perform carrier qualifications and simulated carrier touch-and-goes at base on land. The requirements for so-called Field Carrier Landing Practice (FCLP) training at facilities ashore have historically been structured specifically in a way that “simulates, as near as practicable, the conditions encountered during carrier landing operations,” according to the Navy.

F-18 Field Carrier Landing Practice (FCLP). Touch-and-Go Landing.

SNC says its choice to build an aircraft that can still perform these tasks is deliberate, and offers the Navy what could still be important capability and flexibility in the future, as you can read more about here.

The Navy’s decision to remove carrier qualifications and otherwise alter key aspects of the tactical jet aviator training pipeline has been and continues to be controversial. The service has argued that substantial investments in virtualized training and assisted carrier landing capabilities, such as Magic Carpet and its successors, have fundamentally changed the landscape when it comes to training future pilots for carrier-based operations.

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Earlier this month, the Navy also confirmed that it had raised the total cost ceiling for the prospective UJTS contract from approximately $1.8 billion to $2.7 billion.

“The Government updated the price cap to reflect a change in the program cost estimate due to new information received,” Naval Air Systems Command (NAVAIR) subsequently explained, according to Breaking Defense.

The substantial increase in the projected cost has raised its own questions about the outlook for the competition and the development program that is expected to follow. The Navy’s decisions to scale back its training requirements had previously been seen as opening the door to existing land-based jet trainer designs, or derivatives thereof, like the T-7 and the TF-50N. That, in turn, was viewed as a potential way for the service to help keep costs and risk low.

The Navy’s T-45 replacement plans have already been delayed multiple times, with the service originally planning to pick a winning design this year and to have the first example enter operational service in 2028. The goal now is to award a contract in the middle of next year.

The aging T-45 fleet has faced its own struggles, including a spate of reported hypoxia-like physiological episodes among pilots that led to the development of a new oxygen system. There have been several Goshawk crashes in recent years due to a variety of factors, with the most recent coming just last month. The pilots in that case thankfully survived.

For Boeing, the decision to drop out of the running for UJTS could also allow it to refocus resources to other priorities. The company is also notably one of two remaining competitors vying to build the sixth-generation F/A-XX carrier-based fighter for the Navy. Boeing is already heavily engaged now on work for the F-47 sixth-generation fighter for the Air Force.

When it comes to the UJTS competition, with Boeing having bowed out, the SNC-led and Leonardo/Textron teams are now facing off head-to-head.

Contact the author: joe@twz.com

THE UK’s largest theme park with over 40 rides and attractions has launched an annual pass costing less than a Cadbury Fudge bar a day.

Alton Towers in Staffordshire has dropped a new annual pass costing £64 per person – or just 19p per day you visit (several pence less than a Fudge bar).

The pass gets you access to the theme park for 339 days of the year.

During that time, passholders can visit as many times as they like.

The theme park is usually open between March and November and hosts a number of seasonal events as well.

Each passholder will be sent their pass digitally and it is ready to use as soon as it lands in their email inbox.

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The pass is also only required for visitors who are 90cm and taller.

Once you have your pass and wish to visit the theme park, you’ll need to book online beforehand which can be done via the Passholder Pre-Book Portal.

In addition to all the rollercoasters, Alton Towers recently opened a new attraction – Bluey The Ride: Here Come the Grannies – which is the world’s first Bluey junior coaster.

Travel writer Madalyn Bielfeld recently visited and tried out the park and said: “The rollercoaster whisks you up and down over gentle dips, and around turns amid a fun, interactive setting of Bluey’s back garden.

“It’s filled with fun references to the various episodes – including as the name suggests when the characters dress up as their Grannies.

“The ride is the perfect mix of gentle and exciting and went down a storm on the day of opening.”

Award-winning Somali referee, Omar Abdulkadir Artan, has been removed from the World Cup roster after being denied entry to the United States despite holding a valid visa.

MEGAN Thee Stallion nearly blew the roof off Radio City Music Hall after gracing the 2026 Tony Awards stage in barely-there lingerie during the ceremony’s wild opening number.

The rapper bent over in a Moulin Rouge-inspired look and showed off her signature twerking skills before dropping an F-bomb during the live awards show that was televised on CBS and Paramount+ on Sunday night. 

Megan, 31, made a surprise appearance during host Pink’s massive Broadway-themed opener on Sunday night, instantly becoming one of the most talked-about moments of the 79th Annual Tony Awards.

The music superstar strutted onto the stage in a sparkling black corset bodysuit complete with fishnet tights, dramatic garters, sequined detailing and towering heels.

She channeled full Parisian cabaret energy inspired by her recent run in Moulin Rouge! The Musical on Broadway.

The Grammy winner joined Pink during a remixed performance of Lady Marmalade, the signature Moulin Rouge anthem, as dancers swarmed the stage in feathered costumes and red velvet-inspired looks.

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At several points during the performance, Megan dropped into twerk breaks – which resulted in roaring applause from the crowd.

At another point, the camera cut to stunned audience members cheering and laughing as the Houston-born rapper was bleeped after dropping an F-bomb.

The over-the-top opening number featured more than 170 Broadway performers and included tributes to Moulin Rouge!, Chicago, Rent, A Chorus Line and several of the night’s biggest nominated productions.

Pink, who is hosting the Tonys for the first time ever, kicked things off flying over the audience in a Peter Pan costume and harness before launching into a theatrical mashup packed with celebrity cameos.

Mormon Wives breakout Whitney Leavitt also popped up during the opening dressed in her Roxie Hart costume from Chicago, while Lea Michele belted out surprise vocals during the sprawling musical performance.

Fans immediately flooded social media praising the campy energy of the opener – and Megan quickly emerged as the breakout star of the night.

“One thing Megan Thee Stallion is gonna do is commit to the performance,” one fan wrote on X alongside fire emoji’s.

Another viewer posted: “Megan twerking at the Tony Awards was NOT on my bingo card but she ate.”

A third fan joked: “Broadway just became the Hot Girl Theater.”

Others praised Pink for embracing the over-the-top antics of the Tonys opener, with one viewer calling it “the most fun opening number in years.”

Megan’s appearance comes just weeks after wrapping her history-making stint in Moulin Rouge! The Musical, where she became the first female-identifying performer ever to play the role of Zidler in any production of the show worldwide.

The 2026 Tony Awards aired live on CBS and Paramount+ from New York City’s Radio City Music Hall.

As the rally in AI stocks fades, investors were cautious at the open on Friday, with European markets opening to mixed sentiment following steep falls in Asian markets.

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Indices in London and Frankfurt quickly moved into negative territory, with the FTSE 100 dropping nearly 0.4% and the DAX losing 0.3% right after the opening. The Paris CAC 40 and the IBEX 35 in Madrid were both up 0.3%, while Milan’s main index was flat. So was the EURO STOXX 50, a benchmark index of 50 blue-chip companies from the eurozone.

Investors are awaiting the latest US non-farm payrolls report and keeping an eye on developments in the Middle East.

The US job data is important for forecasting what the Fed’s next move could be. Kathleen Brooks, research director at XTB, said in a market note, “There is now a near 40% chance of a rate hike by year-end. We expect financial markets to be extremely sensitive to today’s data,” adding that this will be the first such report with Kevin Warsh as chairman of the Federal Reserve.

In the UK, the latest data from Halifax showed that house prices unexpectedly declined in May. House prices fell 0.1% month on month, but were still up 0.5% year on year, missing expectations for a 1% jump.

Oil markets are awaiting further direction

Oil prices stabilised after falling on Thursday. Brent crude, the international benchmark, was slightly down and traded at $94.73 per barrel at 10:00 CET. It had been trading at about $70 per barrel before the start of the war in late February.

Benchmark US crude was little changed at $92.51 a barrel.

Oil prices remain under pressure as the Strait of Hormuz, a narrow waterway crucial for global oil and natural gas transport, remains effectively closed, and the war-induced energy shock is threatening to slow economic growth and fuel inflation in many countries.

American and Iranian negotiators reached a tentative deal last week to extend their ceasefire, but the agreement has not been finalised. Meanwhile, developments in Lebanon have cast doubt on the prospects for a permanent end to the conflict.

On Thursday, the Iran-backed Lebanese militant group Hezbollah rejected the latest ceasefire agreement between the Lebanese and Israeli governments.

“While there are few signs of progress in US-Iran talks, the oil market continues to trade on expectations of an imminent deal that would resume flows through the Strait of Hormuz,” ING commodities strategists Warren Patterson and Ewa Manthey wrote in a report.

Asian markets lose steam as AI craze cools

Wall Street rallied on Thursday after falling oil prices and bond yields eased pressure on US stocks. Banks, small-cap companies and other stocks that had previously been left behind by the euphoria around artificial intelligence led the gains.

Banks also helped lead the market, including gains of 5% for Goldman Sachs, 4.7% for Fifth Third Bancorp and 4.4% for U.S. Bancorp.

They helped to more than make up for losses among some AI stocks, which took a sudden back seat after dominating the market. Analysts have been saying AI stocks may have run too high, becoming too expensive, and that the broader US stock market may be set for a slowdown following an unrelenting streak of nine straight winning weeks for the S&P 500, its longest since 2023.

On Wall Street on Thursday, computer chipmaker Broadcom’s shares sank 12.6% after it issued guidance that fell short of investors’ expectations, raising concerns about the wider AI and technology sector.

US memory chip maker Micron Technology dropped 7.7%, and cybersecurity company CrowdStrike Holdings fell 3.8%.

Still, the benchmark S&P 500 climbed 0.4%, and the Dow Jones Industrial Average gained 1.7% to a record high. The tech-heavy Nasdaq Composite edged 0.1% lower.

But in Asia, investors dumped key AI-related shares, with South Korea’s SK Hynix plunging 8.6% and Samsung Electronics shedding 5.4%.

The Kospi dropped 5.1% to 8,199.44. The index has roughly doubled over the past year, lifted by gains in major technology companies.

Japan’s Nikkei 225 slipped 1.3% to 66,573.85, with technology shares leading the decline, even as official data showed that Japan’s real wages rose for the fourth consecutive month. Chip equipment maker Tokyo Electron’s shares fell 7%.

Hong Kong’s Hang Seng declined 1.2% to 24,948.96, while the Shanghai Composite Index fell 0.3% to 4,045.45.

Australia’s S&P/ASX 200 fell 0.7% to 8,623.50.

Taiwan’s Taiex gave up 1.3%, while India’s Sensex was up 0.1%.

In other trading early on Friday, the US dollar fell to 159.96 Japanese yen from 160.03 yen. The euro was trading at $1.1635, up 0.2%. Gold prices were down 0.3%, trading at around $4,490.70.