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Category: Asia

  • MIL-Evening Report: While you sleep, these insects are working hard on the night shift to keep our environment healthy

    Source: The Conversation (Au and NZ) – By Tanya Latty, Associate Professor, School of Life and Environmental Sciences, University of Sydney

    photosounds/Shutterstock

    As night falls over Australia’s forests, grasslands and backyards, the hidden world of nocturnal insects stirs to life. In many ecosystems, overall insect activity actually peaks at night, especially in warmer regions of the world.

    These nighttime creatures play essential roles in ecosystems, providing services such as pollination, waste decomposition, and pest control. Here are some of the remarkable insects that come out after dark – and why they matter.

    Moths: the stars of the night shift

    While their flashier daytime relatives, the butterflies, often steal the spotlight, moths are the hidden stars of the night shift.

    An estimated 22,000 species of moth call Australia home, and most are nocturnal, although some are diurnal (day active) or crepuscular (active at dawn and dusk).

    Many species feed on flower nectar using their long, straw-like mouthparts, transferring pollen between flowers as they go.

    In the Snowy Mountains, for instance, scientists found moths carry pollen from 19 different plant species.

    While some moths feed on a wide variety of plants, others have evolved highly specialised relationships with specific flowers.

    For instance, more than 500 species of leaf flower trees (Phyllanthus) across tropical Asia, Africa, Australia, and the Pacific are dependent on tiny leaf flower moths (Epicephala) for their pollination.

    The trees’ flowers attract moths by producing nectar at night, when the moths are most active.

    The larvae of moths, caterpillars, also play a vital role in ecosystems. For example, the larvae of Mallee moths (Oecophoridae) feed on dry leaves in the leaf litter, making them essential for the decomposition of tough, dry plant material.

    Without their tireless work breaking down organic matter, leaf litter can accumulate to problematic levels.

    Although most caterpillars feed on plant material, some have unusual diets. Trisyntopa neossophila caterpillars, for example, feeds on the faeces of parrots nesting in termite mounds.

    Some caterpillars are even predators. The larvae of the brown scale moth (Mataeomera coccophaga), for instance, eats scale insects.

    Moths and their larvae provide a fat and protein-rich food source for many animals, including humans.

    Once so abundant they famously blanketed the 2000 Sydney Olympics, large bogong swarms have become increasingly rare, putting at risk species that depend on them for essential nutrients.

    Busy night beetles

    Seeing the tiny, flashing lights of fireflies dancing through the darkness on a summer night is a magical experience.

    Fireflies are actually beetles in the family Lampyridae, and 25 species call Australia home.

    Each firefly species uses its own distinctive flash pattern to communicate with potential mates.

    When large numbers of the same species gather, they can synchronise their light pulses, creating a breathtaking light show.

    The fireflies’ distinctive light is produced through a biochemical reaction involving a molecule called luciferin and an enzyme called luciferase. When these interact in the presence of oxygen, they emit light.

    Adult fireflies do not eat but firefly larvae mostly eat snails, which helps keep snail populations under control.

    Beetles in the scarab family are often active at night. Large numbers of Christmas beetles (Anoplognathus spp) flying around porch lights used to be a common sight, but numbers appear to be in decline.

    Some native dung beetles, such as the five-horned dung beetle (Onthophagus pentacanthus), are also nocturnal. Hardworking dung beetles play a vital role by breaking down animal dung, helping to recycle nutrients and improve soil health.

    Lacewings and mantisflies

    Lacewings belong to an ancient group of insects (Neuroptera) named for the delicate, lace-like net pattern of veins on their wings.

    Most adult lacewings are nocturnal predators, feeding on smaller insects using their hollow, scissor-shaped mouthparts to catch and suck the nutrients from their prey.

    Several lacewing species are effective pest controllers and are used in agriculture to manage pests such as aphids and mealybugs.

    Mantid lacewings, also known as mantisflies, resemble a strange hybrid between a mantis and a fly but are actually in the same group as lacewings.

    The larvae of mantisflies are poorly studied, but most species are believed to be predators of insects, although some are predators of spider eggs. By eating other insects, mantisflies may play a role in controlling pest populations.

    Protecting these night shift workers

    Artificial lights at night are causing serious disruption to insects on the night shift.

    Insects often become disoriented, flying in endless circles around bright lights, burning energy they cannot afford to lose. This confusion can lead to exhaustion or death.

    Artificial lighting at night can also disrupt nocturnal insect reproduction. And, predators such as owls and bats may learn to hunt around artificial lights where prey becomes more concentrated and vulnerable.

    The exact reasons why nocturnal insects are drawn to light remain unclear, but recent research suggests that some nocturnal insects use light to maintain stable, level flight by orienting their bodies so light hits their upper surface.

    This system works well when the only lights present at night are the Moon and stars, but fails when artificial lights disrupt the night.

    We can help protect nocturnal insects by:

    • turning off unnecessary outdoor lights at night, especially during summer when many insects are breeding
    • using motion-activated lights to reduce light pollution
    • reducing or eliminating the use of insecticides in our gardens.

    Small changes can make a big difference to help protect the insects working hard overnight to keep our ecosystems healthy.

    Tanya Latty co-founded and volunteers for conservation organisation Invertebrates Australia, is former president of the Australasian Society for the Study of Animal Behaviour and is on the Education committee for the Australian Entomological Society. She receives funding from the Australian Research Council, NSW Saving our Species, and Agrifutures Australia.

    – ref. While you sleep, these insects are working hard on the night shift to keep our environment healthy – https://theconversation.com/while-you-sleep-these-insects-are-working-hard-on-the-night-shift-to-keep-our-environment-healthy-246483

    MIL OSI Analysis – EveningReport.nz –

  • MIL-Evening Report: Fiji’s HIV crisis is a regional challenge that demands a regional response

    Source: The Conversation (Au and NZ) – By Sharon McLennan, Senior Research and Teaching Fellow, School of Health, Te Herenga Waka — Victoria University of Wellington

    In the words of UNAIDS Asia Pacific Regional Director Eamonn Murphy, rising HIV infections in Fiji “put the entire Pacific region at risk”.

    Fiji’s minister of health declared an official HIV outbreak in January, citing 1,093 new cases from January to September 2024 – triple the number from the same period in 2023.

    The World Health Organization defines a disease outbreak based on the number of cases being in excess of normal expectations. Similar to an epidemic, an outbreak typically refers to a more limited geographic area.

    Declaring an outbreak enables prompt public health response measures and mobilises domestic and international resources to respond to the crisis.

    Why is there an HIV outbreak?

    The outbreak has been attributed to Fiji’s ongoing methamphetamine crisis. The island nation is a major hub for drug trafficking to Australia and New Zealand, contributing to an upsurge in drug use.

    Preliminary Ministry of Health data show half of the newly diagnosed individuals receiving anti-retroviral therapy contracted HIV through injecting drugs.

    However, the crisis extends beyond drug use. Increasing urbanisation, homelessness and unemployment, coupled with disconnection from traditional land and culture, contribute to risky health behaviours.

    Many Fijians express concern that eroding family values are driving this behaviour, with reports of children as young as eight using drugs, engaging in prostitution or begging.

    Low HIV awareness and social stigma compound these factors. Many Fijians are reluctant to get tested and, if positive, to receive care. Knowledge of HIV prevention is low: a 2021 survey found less than a third of those aged between 15 and 24 had comprehensive HIV knowledge.

    A decade of underfunding and reduced international support has also undermined Fiji’s HIV prevention strategies and service. This has exacerbated low levels of HIV/AIDs awareness, and the deterioration of health and treatment services.

    Why is the region at risk?

    Fiji is a regional hub for education and business, attracting students and economic migrants from across the region. There’s a real risk the virus will spread to other island nations via returning workers and students, potentially undetected for long periods.

    Fiji is also a major tourist destination. Unsuspecting visitors, whose fun in the sun extends to drug use or unsafe sexual activities, may be at risk.

    There is also a risk of reputational damage for the tourism industry, whose success relies on marketing Fiji as a safe and happy destination. With Fiji still recovering from COVID’s impact on tourism, the new crisis is a major threat.

    Fiji is also experiencing significant outward migration (5% net in 2023), mostly to Australia and New Zealand. This raises the risk of virus spread through established migration pathways, including labour mobility policies such as the Pacific Australia Labour Mobility scheme and New Zealand’s Recognised Seasonal Employer schemes.

    The HIV surge will be costly for the country and the region. HIV/AIDS strains household finances through lost income and increased healthcare costs, diverts public spending from other areas, with flow-on impacts for national and regional economies.

    What is being done to combat the outbreak?

    The Ministry of Health’s 90-day HIV Outbreak Response Plan fast-tracks high-impact interventions. These include harm-reduction programs, condom distribution, and prophylactic pre-exposure treatment.

    This complements the HIV Surge Strategy 2024–2027, a long-term road map for strengthening Fiji’s health system based on the United Nations’ global “95-95-95” targets: 95% rates of testing, treatment and viral suppression in the population.

    However, as the health minister noted, the outbreak declaration “reflects the alarming reality that HIV is evolving faster than our current services can cater for”.

    Consequently, external assistance is ramping up. The UN Development Programme has delivered 3,000 anti-retroviral drugs to Fiji. The Australian government’s Indo-Pacific HIV Partnership with UNAIDS is also supporting Fiji to scale up prevention.

    Funding is starting to trickle down to the front lines. For example, with support from Australia and New Zealand, the Fiji Reproductive and Family Health Association is working with experts on awareness, prevention and care strategies to reverse the surge.

    Fiji is not immediately affected by US President Donald Trump’s decision to withdraw the US from the World Health Organization and a threatened defunding of HIV treatment programs around the world. But the uncertainty makes addressing the outbreak even more urgent.

    Duty of care: Australian Prime Minister Anthony Albanese at the Pacific Islands Forum in Suva, 2022.
    Getty Images

    What can Australia and New Zealand do at home?

    Both countries bear particular responsibility and face specific risks. Their domestic drug markets drive regional trafficking, fuelling Fiji’s meth crisis and the HIV outbreak.

    Continued support for regional anti-narcotics initiatives is crucial, as is addressing domestic drug demand.

    As beneficiaries of Fijian labour migration, Australia and New Zealand also have a duty of care for migrants. This includes education, screening and treatment for Pacific communities, and access to preventive treatments which are currently not funded for migrants in either country.

    Finally, tourists and travellers need to be educated about the risks, and take precautions.

    The outbreak declaration demonstrates Fiji’s commitment to addressing the crisis but success will require regional cooperation.

    Australia and New Zealand are key stakeholders whose domestic policies and support can significantly affect the outbreak’s trajectory, contribute to a unified Pacific response and protect regional public health.

    Sharon McLennan gratefully acknowledges the valuable input and guidance of Avendra Prakash (Chair, Reproductive & Family Health Association of Fiji), Dr Akisi Ravono (University of Fiji) and Dr Johanna Thomas-Maude (Victoria University of Wellington).

    Sharon McLennan receives funding from the Royal Society Te Apārangi.

    – ref. Fiji’s HIV crisis is a regional challenge that demands a regional response – https://theconversation.com/fijis-hiv-crisis-is-a-regional-challenge-that-demands-a-regional-response-248536

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI China: Lion, dragon dances staged in Cambodia to celebrate Chinese New Year

    Source: China State Council Information Office 3

    Folk artists perform a lion dance in front of the Royal Palace in Phnom Penh, Cambodia, on Jan. 28, 2025. [Photo/Xinhua]

    Folk artists performed lion and dragon dances in Cambodia on Tuesday to celebrate the Chinese New Year, or the Spring Festival, which will fall on Wednesday.

    The dancers from eight different troupes jointly staged at the Royal Palace in the capital Phnom Penh and were greeted by Cambodian Deputy Prime Minister and Royal Palace Minister Kuy Sophal.

    Spring Festival, social practices of the Chinese people in celebration of the traditional New Year, was inscribed on UNESCO’s representative list of the intangible cultural heritage of humanity on Dec. 4, 2024.

    Diep Sophal, a history professor at the University of Cambodia, said the festival is broadly celebrated in the Southeast Asian country, particularly among Cambodians living in urban areas.

    “Days prior to the New Year, Cambodian people of Chinese descent always clean and decorate their houses with red color paper-cuts, flowers, red lanterns and Chinese couplets,” he told Xinhua.

    The professor said lion dance is usually invited by traditional Chinese families to perform as a symbolic ritual to usher in the Spring Festival and to ward off bad luck and evil spirits.

    “Cambodian people celebrate, make offerings, or hold other Chinese rituals during the Chinese New Year because they believe that these will increase their luck,” Sophal said.

    “I am happy to see that the peoples of the two nations have joined hands to build a culture of peace, a culture of good coexistence,” he added.

    Folk artists perform a dragon dance near the Royal Palace in Phnom Penh, Cambodia, on Jan. 28, 2025.  [Photo/Xinhua]

    MIL OSI China News –

  • MIL-OSI Security: U.S. Attorney’s Office Secures Conviction of California Man for Wire Fraud and Federal Indian Arts Violations

    Source: Office of United States Attorneys

    ALBUQUERQUE – A federal jury in New Mexico has found Robert Haack guilty of wire fraud, mail fraud, and violating the Indian Arts and Crafts Act for selling counterfeit Charles Loloma jewelry on eBay, following a 4-day trial that concluded after approximately 4 hours of deliberation.

    Charles Loloma is one of the most well-known Native American jewelry-makers of the 20th century.  Today, his work is featured in many galleries and museums across the southwest.  His authentic pieces can cost tens of thousands of dollars.

    Evidence presented at trial revealed that Haack engaged in a sophisticated scheme to defraud buyers by creating counterfeit Loloma jewelry pieces in his California home and selling them for several thousands of dollars per piece on eBay.  As part of the investigation into Haack, undercover federal agents purchased two pieces, pictured below, from him off of eBay in order to have them analyzed for authenticity.

    Loloma’s niece, Verma Nequatewa, a jeweler who studied under her famous uncle, examined the two pieces purchased from Haack by U.S. Fish and Wildlife Agents and testified at trial that they were fakes.

    The jury was also presented with evidence seized from Haack‘s home, including raw materials for jewelry-making, unfinished Loloma-style jewelry, engraving tools hidden in a boot, practice Loloma signatures on metal shards, and design sketches.

    It is estimated that Haack sold more than four-hundred thousand dollars’ worth of fake Loloma jewelry before he was charged. The scheme spanned several years, causing significant harm not only to the victims who were defrauded but also to Loloma’s legacy and the broader Native American art community.

    “We will protect the sacred cultural heritage and unique history of authentic Native American artistry as well as consumers from scammers,” said U.S Attorney Uballez.

    “Robert Haack’s counterfeit operation significantly impacted the Native American art and craft marketplace,” said Doug Ault, Assistant Director of the U.S. Fish and Wildlife Service Office of Law Enforcement. “Native American art fraud is a serious crime that exploits consumers and severely undermines the economic and cultural livelihood of Native American artists and Tribes. The U.S. Fish and Wildlife Service is equipped with a dedicated team of special agents focused on enforcing the Indian Art and Crafts Act on behalf of the U.S. Department of the Interior and the Indian Arts and Crafts Board. Through these investigations, the Service endeavors to protect and preserve the authenticity of art produced by our Nation’s Native American artisans. We thank our partners at the U.S. Department of Justice and the Indian Arts and Crafts Board for their assistance with this investigation.”

    “Native American art fraud is a serious crime that exploits consumers and severely undermines the economic and cultural livelihood of Native American artists and tribes,” said Doug Ault, Assistant Director of the U.S. Fish and Wildlife Service Office of Law Enforcement. “We thank our partners at the U.S. Department of Justice and the Indian Arts and Crafts Board for their assistance with this investigation.”

    “Counterfeit Indian art – like Robert Haack’s jewelry that he misrepresented and sold as made by Charles Loloma — the father of contemporary Indian jewelry — tears at the very fabric of Indian culture, livelihoods, and communities,” said Meridith Stanton, Director of the U.S. Department of the Interior’s Indian Arts and Crafts Board (IACB).  “The IACB by statute is responsible for administering the Indian Arts and Crafts Act (IACA), an anti-counterfeiting law that protects Indian artists and consumers.  Mr. Haack’s actions demean and rob authentic Indian artists who rely on the creation and sale of their artwork to put food on the table, make ends meet, and pass along these important cultural traditions and skills from one generation to the next.  His actions undermine consumers’ confidence in the Indian art market in the Southwest and nationwide.  Due to the outstanding work of the Office of the U.S. Attorney-District of New Mexico and the U.S. Fish and Wildlife Service IACA Investigative Unit, Mr. Haack is being held accountable and the message is clear. For those selling counterfeit Indian art and craftwork it is important to know that wherever you are we will diligently work to find you and prosecute you under the Indian Arts and Crafts Act.”

    Following the verdict, the Court ordered that Haack remain on conditions of release pending sentencing, which has not been scheduled. At sentencing, Haack faces up to 20 years in prison.

    There is no parole in the federal system.

    U.S. Attorney Alexander M.M. Uballez and Amy Lueders, Southwest Region Director for the U.S. Fish and Wildlife Service, made the announcement today.

    The U.S. Department of Fish and Wildlife, Office of Law Enforcement investigated this case with assistance from the Indians Arts and Crafts Board. The United States Attorney’s Office for the District of New Mexico is prosecuting the case.

    # # #

    MIL Security OSI –

  • MIL-OSI China: China’s exports to over 160 countries, regions achieve growth in 2024

    Source: China State Council Information Office

    China’s exports to over 160 countries and regions saw growth in 2024, according to the General Administration of Customs (GAC).

    The country’s exports grew 7.1 percent year on year, reaching 25.45 trillion yuan (about 3.55 trillion U.S. dollars) last year, marking the eighth consecutive year of growth, according to the latest data released by the GAC.

    Exports to Brazil, the United Arab Emirates and Saudi Arabia increased by 23.3 percent, 19.2 percent and 18.2 percent year on year, respectively. Exports to ASEAN countries and nations participating in the Belt and Road Initiative grew by 13.4 percent and 9.6 percent, respectively. Meanwhile, exports to traditional markets, such as the European Union and the United States, rose by 4.3 percent and 6.1 percent, respectively.

    Lyu Daliang, a GAC official, said that despite growing uncertainties and challenges, China’s exports — characterized by a wide range of products — are expected to remain resilient and dynamic, supported by both incremental and existing policies. 

    MIL OSI China News –

  • MIL-OSI New Zealand: Privacy News – January 2025

    Source: Privacy Commissioner

    The first Privacy News of 2025 covers the release of the Biometrics Code and how to give feedback on this, a new case note about personal information being published to a website, and the introduction of OPC’s Mori reference panel. There is also a notice about new translations of our privacy brochures – we now offer them in Traditional and Simplified Chinese, and Vietnamese. Read the January 2025 issue.

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: New campaign calls for an end to criminalising Aotearoa’s vulnerable children – Save the Children

    Source: Save the Children

    Save the Children has today launched a new campaign calling on New Zealanders to oppose a new Government bill looking to introduce the use of physical force and re-introduce military style detention camps for the country’s most vulnerable children.
    The ‘Boot the Bill’ campaign and petition asks Kiwis to make a stand against the new Oranga Tamariki (Responding to Serious Youth Offending) Amendment Bill, currently before Select Committee, which, if passed, would reintroduce harmful military-style boot camps and permit the use of physical force against children.
    Save the Children’s Advocacy and Research Director Jacqui Southey says evidence shows that punitive approaches like these fail to address the root causes of youth offending, such as trauma, abuse and systemic inequality, and risk causing further harm to already vulnerable children.
    “This form of coercive youth justice intervention is an outdated methodology, has been tried before in New Zealand, with little to no effect in preventing youth offending and may even increase rates of reoffending,” she says.
    “The inclusion of allowing the use of “reasonable physical force”, which in real terms is the use of physical violence to subdue a child, poses a real risk to children and is absolutely unacceptable, breaching children’s rights to be protected from all forms of violence.
    “It’s time to stop criminalising our most vulnerable children and look towards policies that support positive change and ensure a brighter future for our youth.”
    In addition to the research, testimony provided by survivors of Abuse in State Care as part of the Royal Commission of Inquiry into Abuse in State Care and Faith Based Care clearly shows that children have been violently abused and traumatised in State-funded boot camp style institutions in New Zealand.
    Ms Southey says as recently as 2004, Te Whakapakari Youth Programme (Te Whakapakari) was a fully State-funded boot camp style programme where children were sent as social welfare care and protection or youth justice sentencing options. While it claimed to promote drug abuse rehabilitation, self-esteem and skills development, Māoritanga and confidence building, underpinned by military style discipline, instead children suffered cruel, violent and inhumane treatment including, extreme psychological, physical and sexual abuse.
    “A former Minister of Child, Youth and Family, Hon Ruth Dyson, was quoted as saying, ‘A lot of government money was put into that programme and in the end it resulted in the State funding violence and abuse towards children and young people’” she says. 
    “Most young offenders are victims themselves, having experienced high rates of criminal abuse, neglect, and violence, often from infancy. If New Zealand is to be truly effective in preventing youth crime, we need to be serious about preventing harm to children occurring in the first place. That means investing in programmes and policies to strengthen families, particularly those struggling, to ensure good outcomes for children in both the short and long term.”
    New Zealanders wanting to sign the petition can go to: Boot the Bill – Advocacy Save the Children New Zealand. 
    About Save the Children NZ:
    Save the Children works in 120 countries across the world. The organisation responds to emergencies and works with children and their communities to ensure they survive, learn and are protected.
    Save the Children NZ currently supports international programmes in Fiji, Cambodia, Bangladesh, Laos, Nepal, Vanuatu, Solomon Islands and Papua New Guinea. Areas of work include child protection, education and literacy, disaster risk reduction and climate adaptation, and alleviating child poverty.

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: Waitangi Day – Government supports 26 Waitangi events across Aotearoa

    Source: Ministry for Culture and Heritage

    Government funding will go towards 26 community events to commemorate Waitangi Day in 2025, from Tāhuna (Queenstown) to Te Tai Tokerau (Northland) and Rēkohu/Wharekauri (Chatham Islands).
    The Commemorating Waitangi Day Fund, administered by Manatū Taonga Ministry for Culture and Heritage, supports events that commemorate the signing of the Treaty of Waitangi and increases awareness and knowledge of Te Tiriti through celebrations and local storytelling.
    “This Fund recognises that Waitangi Day is for all New Zealanders, wherever you celebrate it,” says Leauanae Laulu Mac Leauanae, Manatū Taonga Tumu Whakarae Secretary for Culture and Heritage.
    “With so many exciting events planned, we hope that all New Zealanders will be able to engage with this important kaupapa up and down the motu to learn about our country’s history.
    “$300,000 in grants will enable communities to celebrate this important national day and explore how Te Tiriti has shaped the nation we are today.
    “In Te Matau-a-Māui (Hawke’s Bay), Ngāti Kahungunu will be hosting an event for all members of the community. Whakawhanaungatanga activities will bring together the shared heritage of the region to commemorate Te Tiriti through kapa haka, English and Gaelic music, Pasifika dance and Asian songs.
    “Te Whare Taonga o Waikato, Waikato Museum will be hosting a ‘Weaving a Future Together’ community day with kōrero (talks) and workshops covering local stories, Te Tiriti, toi Māori, and raranga (weaving).
    “Masterton District Council is partnering with iwi, hapū, tangata whenua and high schoolers to enhance community understanding of Te Tiriti o Waitangi. ‘On the Couch’ discussions with Tangata Tiriti and a Year 13 Te Tiriti wananga are part of efforts to raise awareness and knowledge of Te Tiriti among the Whakaoriori and Wairarapa communities.
    “And over on the Chathams, kaumatua, kura, local council and community groups will bring people together with traditional sporting activities, karakia, waiata, kōrero and kai to acknowledge Te Tiriti.
    “With so many ways to celebrate in so many locations, we encourage all New Zealanders to take this opportunity to reflect on our nation’s founding document and how we can incorporate the principles of Te Tiriti into our lives on this public holiday and beyond.
    “Thank you to all the event organisers across Aotearoa that will bring their communities together to mark this special day,” says Laulu Mac.
    A full list of 2025 funded events is available on the Manatū Taonga Ministry for Culture and Heritage website: (ref. https://www.mch.govt.nz/publications/waitangi-day-fund-2025-successful-applicants )

    MIL OSI New Zealand News –

  • MIL-OSI: Preferred Bank Announces Fire Relief Donations

    Source: GlobeNewswire (MIL-OSI)

    LOS ANGELES, Jan. 30, 2025 (GLOBE NEWSWIRE) — Preferred Bank (NASDAQ: PFBC), (the “Bank”) one of the larger independent California banks, today reported that the Board of Directors had approved a significant donation to benefit fire relief efforts on the Los Angeles area.

    Li Yu, Chairman and CEO, commented, “The recent wildfires in Southern California have been devastating and one of the worst disasters in the history of Southern California. As a company headquartered in the heart of Los Angeles, the fires have been particularly impactful for many of our associates, clients and communities. To support recovery efforts, the Board and executive management have authorized a donation in the amount of $250,000 to be split among four organizations that provide resources and relief to those impacted.

    Those Organizations are:

    • Tzu-Chi – USA
    • Pasadena Community Foundation
    • Alliance for a Better Community
    • Los Angeles Fire Department Foundation

    “In addition, the Bank is also going to match any contribution any employee has already made, or will make, to the wildfire relief efforts on top of the $250,000 donation. The amount the Bank matches will be awarded to the organization the employee donated to. We are pleased to be able to make this contribution and look forward to helping the impacted communities of Southern California rebuild.”  

    About Preferred Bank

    Preferred Bank is one of the larger independent commercial banks headquartered in California. The Bank is chartered by the State of California, and its deposits are insured by the Federal Deposit Insurance Corporation, or FDIC, to the maximum extent permitted by law. The Bank conducts its banking business from its main office in Los Angeles, California, and through twelve full-service branch banking offices in California (Alhambra, Century City, City of Industry, Torrance, Arcadia, Irvine (2), Diamond Bar, Pico Rivera, Tarzana and San Francisco (2)), one branch in Flushing, New York and a branch office in the Houston, Texas suburb of Sugar Land. In addition, the Bank also operates a loan production office in Sunnyvale, California. Preferred Bank offers a broad range of deposit and loan products and services to both commercial and consumer customers. The Bank provides personalized deposit services as well as real estate finance, commercial loans and trade finance to small and mid-sized businesses, entrepreneurs, real estate developers, professionals and high net worth individuals. Although originally founded as a Chinese-American Bank, Preferred Bank now derives most of its customers from the diversified mainstream market but does continue to benefit from the significant migration to California of ethnic Chinese from China and other areas of East Asia.

    AT THE COMPANY:   AT FINANCIAL PROFILES:
    Edward J. Czajka   Jeffrey Haas
    Executive Vice President   General Information
    Chief Financial Officer   (310) 622-8240
    (213) 891-1188   PFBC@finprofiles.com

    The MIL Network –

  • MIL-OSI: Adachi Electric Industries Co., Ltd. Engages Deal Box for Strategic Investment Packaging and Capital Markets Advisory

    Source: GlobeNewswire (MIL-OSI)

    Tokyo, Japan, Jan. 30, 2025 (GLOBE NEWSWIRE) — In a significant leap forward for clean energy innovation, Deal Box, the venture capital platform tailored to modern investors, is delighted to support Adachi Electric Industries Co., Ltd. as they scale the global reach of their groundbreaking Oq Solar Cell. This collaboration marks a pivotal moment in renewable energy, combining Adachi Electric Industries’ leading-edge solar technology with Deal Box’s expertise in investment packaging, capital markets advisory, and comprehensive business guidance.

    Transforming the Solar Energy Landscape

    Historically, solar power has been touted for its sustainability yet criticized for limitations in efficiency and durability. Adachi Electric Industries Co., Ltd. is changing that narrative with its Oq Solar Cell—a multi-junction chemical compound panel boasting 32.49% energy efficiency, extended 50-year lifespan and the ability to capture a wide light spectrum (350nm – 2000 nm). Designed to operate in extreme temperatures from -45°C to 85°C, the Oq Solar Cell ensures robust performance across diverse applications, including drones, satellites, electric vehicles, and urban infrastructure.

    Legitimacy through Strategic Collaboration

    Central to the Oq Solar Cell’s global rollout is Adachi Electric Industries’ partnership with Deal Box, which will provide a comprehensive suite of advisory services. Deal Box’s proven track record in merging blockchain-enabled capital markets solutions with institutional-grade due diligence uniquely positions Adachi Electric Industries Co., Ltd. to navigate the complexities of international market expansion.

    Features of the Oq Solar Cell

    1. Superior Efficiency: Achieves 32.49% energy efficiency, surpassing standard silicon-based panels.
    2. Extended Lifespan: Offers a 50-year operational life, significantly reducing replacement costs.
    3. Wide Light Spectrum: Captures wavelengths from 350nm–2000nm, maximizing power generation.
    4. Temperature Resilience: Maintains peak performance from -45°C to 85°C, ensuring reliability in extreme conditions.
    5. Versatile Applications: Powers everything from drones and satellites to EVs, IoT devices, and city infrastructure.

    Deal Box’s Strategic Role

    Deal Box is instrumental in aligning Adachi Electric Industries Co., Ltd.’s vision with investors seeking cutting-edge renewable solutions. Through its modular investment platform, Deal Box empowers accredited investors to participate in the clean energy revolution with confidence.

    • Investment Packaging: Creating compelling, compliant offerings that resonate with global investors.
    • Capital Markets Advisory: Guiding Adachi Electric Industries Co., Ltd. through fundraising and expansion within both traditional and emerging markets.
    • Holistic Support: Providing strategic business guidance to streamline operations, market entry, and technology adoption.

    Implications for Investors

    By marrying disruptive solar technology with Deal Box’s robust investment infrastructure, this partnership sets a new benchmark for clean energy investments:

    • Accessibility: Investors can back a proven solar technology that addresses modern efficiency and reliability challenges.
    • Efficiency: A streamlined, digitized investment process allows for faster transactions and clearer ownership records.
    • Transparency: Regular updates and thorough due diligence ensure clarity throughout the investment lifecycle.

    Executive Insights

    “By merging industry-leading efficiency with unprecedented durability, the Oq Solar Cell is poised to reshape global energy markets,” said Ken Kaneko, CEO of Adachi Electric Industries Co., Ltd. “Collaborating with Deal Box amplifies our ability to reach a worldwide audience and provide them with reliable, long-term solutions in renewable power.”

    Thomas Carter, CEO of Deal Box, commented, “Our role is to empower innovative technologies with the right financial and advisory framework. Adachi Electric Industries Co., Ltd. aligns perfectly with our mission to make transformative, sustainable investments readily accessible to accredited investors everywhere.”

    About Deal Box

    Deal Box is venture capital that fits your life. By merging institutional-grade diligence with flexible investment options, Deal Box empowers accredited investors to craft portfolios that align with their financial ambitions. For more information, visit dealbox.vc

    About Adachi Electric Industries Co., Ltd.

    Adachi Electric Industries Co., Ltd. is a pioneer in multi-junction chemical compound solar technology. Their flagship product, the Oq Solar Cell, is engineered to deliver unmatched efficiency, durability, and adaptability across a variety of applications—from consumer electronics to aerospace. Guided by a mission to foster a sustainable future, Adachi Electric Industries continues to push the boundaries of renewable energy innovation.

    Contact Information

    Thomas Carter
          CEO, Deal Box, Inc.
      Email: thomas@dealbox.io

    Christopher Craney
          Marketing, Adachi Electric Industries Co., Ltd.
      Email: craney@adachi-electric-industries.com

    The MIL Network –

  • MIL-OSI Security: Alabama woman pleads guilty to conspiring to create and distribute sadistic animal torture videos

    Source: Office of United States Attorneys

    NORFOLK, Va. – An Alabama woman pled guilty today to conspiracy to create and distribute animal crushing videos.

    According to court documents, Stacey Storey, 49, and her co-conspirators administered and were members of private online chat groups on an encrypted messaging platform to fund, view, distribute, and promote videos depicting the torture, murder, and sexually sadistic mutilation of juvenile and adult monkeys.

    Storey and her co-conspirators collectively funded the creation of the videos by co-conspirators outside of the United States who tortured, performed sexually sadistic mutilation of, and murdered the animals. The foreign co-conspirators recorded the brutal acts and transmitted the videos to Storey and co-conspirators in the United States, who would then distribute them to the broader online chat group members, including Storey.

    Between at least Aug. 22, 2021, and July 7, 2022, Storey received hundreds of electronic payments from co-conspirators to fund, among other things, the creation of new animal crush videos by videographers outside the United States. Storey and others had direct communications with a co-conspirator in Indonesia who hired the videographers. Storey and others routinely directed and paid for the creation of the videos, including directing the videographers on how to torture the animals. Storey sent numerous payments for the videos.    

    On or about June 21, 2022, Storey distributed a video to the online chat groups depicting the torture of a juvenile monkey using a jar of ants and sodomy with an object, causing the monkey’s death. Storey stated, “Enjoy this one ladies and gents,” and suggested, “If you guys would like to send in a small donation for this guy a little bonus for a job well done that we’ve always wanted to see would be absolutely amazing.”

    In June 2023, law enforcement seized Storey’s electronic devices. Storey’s electronic media and accounts contained over 675 videos and 11,000 images depicting animal crushing.

    Co-conspirator Michael Macartney, 51, of Chesapeake, pled guilty on April 30, 2024. Macartney was sentenced on Oct. 1, 2024, to three years and six months in prison. Co-conspirator Jeffrey Radtke, 61, of Bloomington, Minnesota, pled guilty on Sept. 24, 2024. Radtke is scheduled to be sentenced on Feb. 13 and faces up to five years in prison. Co-conspirator Drexel Venero, 30, of Rockville, Maryland, pled guilty on December 12, 2024. Venero is schedule to be sentenced on April 22, 2025.

    Storey is scheduled to be sentenced on June 10 and faces up to five years in prison. Actual sentences for federal crimes are typically less than the maximum penalties. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

    Erik S. Siebert, U.S. Attorney for the Eastern District of Virginia, and Kai Wah Chan, Acting Special Agent in Charge of Homeland Security Investigations (HSI) Washington, D.C., made the announcement after U.S. District Judge Elizabeth W. Hanes accepted the plea.

    Assistant U.S. Attorney Elizabeth M. Yusi is prosecuting the case.

    A copy of this press release is located on the website of the U.S. Attorney’s Office for the Eastern District of Virginia. Related court documents and information are located on the website of the District Court for the Eastern District of Virginia or on PACER by searching for Case No. 2:24-cr-103.

    MIL Security OSI –

  • MIL-OSI USA: Durbin Questions FBI Director Nominee, Kash Patel, About Trump Pardoning The Dangerous January 6 Rioters, Connections To Radical Extremist

    US Senate News:

    Source: United States Senator for Illinois Dick Durbin

    January 30, 2025

    In his remarks, Patel could not remember who Stew Peters, a far-right internet personality, is despite going on his podcast eight times; breaks with President Trump on pardoning those who harm law enforcement

    WASHINGTON – U.S. Senate Democratic Whip Dick Durbin (D-IL), Ranking Member of the Senate Judiciary Committee, today questioned Kash Patel, President Trump’s nominee to lead the Federal Bureau of Investigation (FBI), during his nomination hearing. Durbin first asked Mr. Patel about President Trump’s decision to pardon the violent January 6 insurrections—several of whom have already been rearrested or are wanted for vile crimes committed prior to January 6, 2021, including soliciting a sexual relationship with a minor.

    “[Matthew Huddle] is a man found guilty of numerous crimes… he beat his three-year-old child to a point where the poor kid could not sit down for a week. Mr. Huddle was one of the demonstrators who came to the Capitol on January 6. He was incarcerated and charged and pled guilty to crimes that he had committed—violence against police officers. After he was released by President Trump, he returned to Indiana. A few days later, he was stopped on the road, pulled a gun on a policeman, and the policeman and the sheriff’s deputy shot and killed him. This is not the only instance of a person who received President Trump’s clemency committing another crime. Peter Schwartz was mentioned this morning on the radio—38 criminal convictions. He had been sentenced to 14 years in prison. He was released because of the President’s unconditional clemency as well. My question is this: was President Donald Trump wrong to [grant] blanket clemency for January 6 defendants?” Durbin asked.

    In his response, Mr. Patel broke with President Trump and stated, “I do not agree with the commutation of any sentence of any individual who committed violence against law enforcement.”

    “Do you think that America is safer because these [1,500] people have come out of serving their sentences and live in our communities again?” Durbin asked.

    Mr. Patel responded that he has “always advocated for imprisoning those who cause harm to our law enforcement and civilian communities,” again, breaking away from President Trump’s views.

    Durbin continued, “You will not answer the question. I do not think we are safer that Matthew Huddle was sent back to Indiana. I do not think we are safer with Peter Schwartz, and I can go through a long list of individuals.”

    Durbin then asked Mr. Patel about his involvement with the “J6 prison choir.” He co-produced, promoted, and sold a record recorded by the so-called “J6 prison choir”—a group of January 6 insurrectionists who were incarcerated in the D.C. jail in February 2023. Mr. Patel has described the choir’s members as “political prisoners.” Notably, he has declined to identify the members of the choir.

    Durbin said, “My understanding is that the performers of this ‘J6 choir’ were the rioters who were imprisoned.”

    Mr. Patel responded that “he had nothing to do with the recording.”

    Durbin followed up, “You are not aware of who made the recording?”

    To which Mr. Patel responded “no.”

    Durbin then asked about Mr. Patel’s affiliations with problematic individuals. He has frequently associated with—and sometimes praised—extremist figures with well-documented histories of racist, antisemitic, conspiratorial, or violent statements or beliefs.

    “In September of 2023 you appeared with Laura Loomer [at] an event promoting your book, [Government Gangsters]. You shared a photo of yourself where you held her book and she held hers. Just a few months before this event, Ms. Loomer posted on ‘X’ that the September 11 terrorists attacks were ‘an inside job’ and accused Florida’s First Lady, Casey DeSantis, of exaggerating her cancer diagnosis to gain voter sympathy. A number of my Republican colleagues have criticized Ms. Loomer’s extremism. One of my colleagues described her as ‘a crazy conspiracy theorist who regularly utters disgusting garbage.’ Given all of this, why did you associate with Ms. Loomer?” Durbin asked.

    Mr. Patel dismissed the question.

    Durbin then asked about his relationship with Stew Peters—an alt-right internet personality. Between October 2021 and June 2022, Mr. Patel made eight separate appearances on a podcast hosted by Stew Peters. Before and during that stint, Mr. Peters promoted outrageous conspiracy theories and worked with a prominent neo-Nazi. In mid-2021, Mr. Peters promoted a baseless assertion that Chief Justice John Roberts and former Vice President Mike Pence were pedophiles.

    “Are you familiar with Mr. Stew Peters? Does that ring a bell?” Durbin asked.

    “I’m sorry, what?” Patel said. 

    “Are you familiar with Mr. Stew Peters?” Durbin asked.

    “Not off of the top of my head,” said Patel.

    “You made eight separate appearances on his podcast, and he promoted outrageous conspiracy theories and worked with a prominent neo-Nazi. The list goes on. I am just asking when it comes to your association with individuals, why are so many of them in this category?” Durbin asked.

    Mr. Patel responded that he went on these seriously problematic podcasts “to take on” people who are putting out conspiracy theories and “de-vow them of their false impressions and to talk to them about the truth.”

    Video of Durbin’s first round of questions in Committee is available here.

    Audio of Durbin’s first round of questions in Committee is available here.

    Footage of Durbin’s first round of questions in Committee is available here for TV Stations.

    -30-

    MIL OSI USA News –

  • MIL-OSI United Nations: Myanmar: UN chief urges return to civilian rule as crisis worsens

    Source: United Nations 4

    By Vibhu Mishra

    Peace and Security

    The UN Secretary-General on Thursday said Myanmar’s military must relinquish power to allow a return to civilian rule through an inclusive democratic transition, as the country marks four years since the junta seized power.

    Following the coup, President Win Myint and State Counsellor Aung San Suu Kyi were detained and the country was plunged into a humanitarian and human rights crisis that has only worsened amid an intensifying civil conflict.

    “Secretary-General António Guterres condemns all forms of violence and calls on all parties to the conflict to exercise maximum restraint, uphold human rights and international humanitarian law, and prevent further incitement of violence and intercommunal tensions,” UN Spokesperson Stéphane Dujarric said in statement. 

    The situation in Myanmar is in freefall, with nearly 20 million people – a third of the population – expected to need humanitarian aid this year.

    Hunger has reached alarming levels, with 15 million people projected to face acute food insecurity in 2025, up from 13.3 million last year. The cost of basic food staples has risen by 30 percent in the past year due to soaring inflation and supply chain disruptions caused by conflict.

    “Even if some food is available in local markets, people simply don’t have the resources to buy the basics, which means they are eating less and going hungry,” said Michael Dunford, UN World Food Programme (WFP) Representative in Myanmar.

    Conflict, displacement and economic collapse

    Fighting between junta forces and opposition armed groups – marked by indiscriminate aerial bombardments, village burnings, and executions – has displaced over 3.5 million people within the country.

    Many others have fled across borders seeking safety, particularly in Thailand and Bangladesh.

    Those in conflict-affected areas, including Chin, Kachin, Rakhine and Sagaing regions, are suffering the worst levels of food insecurity. The collapse of Myanmar’s economy, combined with access restrictions and disasters, has left communities on the brink.

    Concerns over elections

    Secretary-General Guterres also expressed concerns over the military’s plan to hold elections, warning that intensifying conflict and widespread human rights violations do not permit free and peaceful polls.

    He said more cooperation was essential on the part of political and military leaders to bring an end to hostilities and help the people of Myanmar forge a path towards an inclusive democratic transition.

    “A viable future for Myanmar must ensure safety, accountability, and opportunity for all its communities, including the Rohingya, and address the root causes of conflict, discrimination and disenfranchisement in all its forms,” the statement noted.

    End the nightmare

    Tom Andrews, the UN’s independent human rights expert on Myanmar, criticized the junta’s election plans as “a fraud,” stressing that it is not possible to hold a legitimate vote while arresting, detaining, and executing opposition leaders and criminalizing media freedom.

    “Junta forces have slaughtered thousands of civilians, bombed and burned villages, and displaced millions of people. More than 20,000 political prisoners remain behind bars,” he said.

    “The economy and public services have collapsed. Famine and starvation loom over large parts of the population,” he added.

    Best days lie ahead

    Calling on the international community “to help end the nightmare” in Myanmar, Mr. Andrews praised the resilience of Myanmar’s pro-democracy activists, journalists, and humanitarian workers who continue to document abuses and provide aid.

    “The resilience and courage of Myanmar’s people continue to amaze and inspire others around the world…These heroic efforts are compelling indicators that Myanmar’s best days lie ahead,” he said.

    The Special Rapporteur urged governments to impose stronger sanctions, restrict the junta’s access to weapons and support international justice mechanisms, including efforts to bring Myanmar’s military leaders to justice in the International Criminal Court (ICC).

    “Impunity has enabled a decades-long cycle of violence and oppression in Myanmar. Ultimately, this sad chapter of Myanmar’s history must end with junta leaders being prosecuted for their crimes,” he said.

    Mandated and appointed by the Geneva-based Human Rights Council, Mr. Andrews is works independently of the UN Secretariat. He is not a staff member and draws no salary.

    MIL OSI United Nations News –

  • MIL-OSI: Baker Hughes Announces Fourth-Quarter and Full-Year 2024 Results

    Source: GlobeNewswire (MIL-OSI)

    Fourth-quarter highlights

    • Orders of $7.5 billion, including $3.8 billion of IET orders.
    • RPO of $33.1 billion, including IET RPO of $30.1 billion.
    • Revenue of $7.4 billion, up 8% year-over-year.
    • GAAP diluted EPS of $1.18 and adjusted diluted EPS* of $0.70.
    • Adjusted EBITDA* of $1,310 million, up 20% year-over-year.
    • Cash flows from operating activities of $1,189 million and free cash flow* of $894 million.

    Full-year highlights

    • Orders of $28.2 billion, including $13.0 billion of IET orders.
    • Revenue of $27.8 billion, up 9% year-over-year.
    • Attributable net income of $2,979 million.
    • GAAP diluted EPS of $2.98 and adjusted diluted EPS* of $2.35.
    • Adjusted EBITDA* of $4,591 million, up 22% year-over-year.
    • Cash flows from operating activities of $3,332 million and free cash flow* of $2,257 million.
    • Returns to shareholders of $1,320 million, including $484 million of share repurchases.

    HOUSTON and LONDON, Jan. 30, 2025 (GLOBE NEWSWIRE) — Baker Hughes Company (Nasdaq: BKR) (“Baker Hughes” or the “Company”) announced results today for the fourth-quarter and full-year 2024.

    “2024 proved to be a momentous year for Baker Hughes. We closed out the year with exceptional fourth-quarter results, setting new quarterly and annual records for revenue, free cash flow and our adjusted measures of EPS, EBITDA, and EBITDA margin. Our strategy to drive profitable growth and continuous margin improvement is working. Looking forward, we will continue our journey to transform the Company, and we expect 2025 to demonstrate another strong year of EBITDA growth, led by our IET segment,” said Lorenzo Simonelli, Baker Hughes Chairman and Chief Executive Officer.

    “IET booked $3.8 billion of orders in the fourth quarter, supported by strong LNG orders and another gas infrastructure award. Including this strong end to the year, 2024 orders totaled $13 billion, the second highest order year ever. This order performance highlights the end-market diversity and versatility of our portfolio.”

    “Overall, our margin increase across both segments continues to demonstrate strong progress on the journey toward 20% segment EBITDA margins. Transformation actions will continue to be a major driver of our margin improvements as we progress through 2025 and beyond. We remain confident in achieving our 20% EBITDA margin targets for OFSE this year and IET in 2026.”

    “As reflected in our strong 2024 results and our exceptional margin improvement, Baker Hughes has evolved into a more profitable energy and industrial technology company. Company results are benefiting from strong execution, sharpened commercial focus and improved productivity gains. Our confidence in the durability and growth of our earnings and free cash flow positions us to continue growing our dividend, highlighted by the announcement to increase our quarterly dividend by 10% to $0.23.”

    “I would like to thank the Baker Hughes team for yet again delivering outstanding results. As we continue our journey to move Baker Hughes forward, we remain committed to our customers, shareholders, and employees,” concluded Simonelli.

    * Non-GAAP measure. See reconciliations in the section titled “Reconciliation of GAAP to non-GAAP Financial Measures.”

      Three Months Ended   Variance
    (in millions except per share amounts) December 31,
    2024    		 September 30,
    2024    		 December 31,
    2023    		   Sequential Year-over-year
    Orders $ 7,496 $ 6,676 $ 6,904   12 % 9 %
    Revenue   7,364   6,908   6,835   7 % 8 %
    Net income attributable to Baker Hughes   1,179   766   439   54 % 168 %
    Adjusted net income attributable to Baker Hughes*   694   666   511   4 % 36 %
    Operating income   665   930   651   (29 )% 2 %
    Adjusted operating income*   1,019   930   816   10 % 25 %
    Adjusted EBITDA*   1,310   1,208   1,091   8 % 20 %
    Diluted earnings per share (EPS)   1.18   0.77   0.43   54 % 171 %
    Adjusted diluted EPS*   0.70   0.67   0.51   4 % 37 %
    Cash flow from operating activities   1,189   1,010   932   18 % 28 %
    Free cash flow*   894   754   633   19 % 41 %

    * Non-GAAP measure. See reconciliations in the section titled “Reconciliation of GAAP to non-GAAP Financial Measures.”

    Certain columns and rows in our tables and financial statements may not sum up due to the use of rounded numbers.

    Quarter Highlights

    Industrial & Energy Technology (“IET”) recorded another strong quarter of gas infrastructure orders, booking an equipment award from Tecnicas Reunidas for the third expansion phase of the Jafurah unconventional gas field in the Kingdom of Saudi Arabia. Gas Technology Equipment (“GTE”) will supply a total of 12 electric motor-driven compression trains and auxiliary treatment equipment for gas processing. This contract builds upon Baker Hughes’ long-standing relationship with Aramco and follows previous contract awards in 2022, bringing the total to 24 electric motor-driven compressors and an additional 14 compressors supplied by Baker Hughes for multiple Jafurah gas processing plants.

    In demonstration of its well-established leadership position in liquefied natural gas (“LNG”) technology solutions, Baker Hughes received multiple project awards in the fourth quarter. As part of a master equipment supply agreement, IET received a major contract to provide a modularized LNG system and power island to Venture Global. IET also received, from Bechtel Energy, a GTE award to supply eight LM6000 PF+ driven main refrigeration compressors and eight expander compressors across two LNG trains for a nameplate capacity of approximately 11 million ton per annum for Phase 1 of Woodside Energy’s Louisiana project.

    Gas Technology Services (“GTS”) continues to demonstrate leadership in turbomachinery aftermarket service, booking several notable service and upgrade awards to backlog. GTS signed a long-term services agreement to support Phases 1 and 2 of Venture Global’s Plaquemines LNG project, and also signed a 25-year services agreement with a NextDecade affiliate to support its Rio Grande LNG facility. Additionally, GTS received an award from an energy operator to provide planned maintenance activities to assure reliability, availability, and efficiency of turbomachinery at their LNG facility in Asia Pacific. The capabilities of IET’s iCenter™ will also be utilized to drive improved outcomes for the customer. Finally, GTS booked multiple upgrade awards for gas infrastructure projects in the Middle East and Europe.

    Climate Technology Solutions (“CTS”) secured multiple awards targeting flare reduction. As announced at COP29 in Baku, Azerbaijan, CTS will provide SOCAR, the state-owned oil company of Azerbaijan, with an integrated gas recovery and hydrogen sulfide removal system to significantly reduce downstream flaring at the Heydar Aliyev Oil Refinery. Separately in the Middle East, CTS will supply electric-driven centrifugal compressors for one of the largest gas processing and flare gas recovery projects globally.

    Oilfield Services & Equipment (“OFSE”), through its Mature Assets Solutions (“MAS”) offering, received a multi-year contract from Eni to help unlock bypassed reserves in one of Europe’s largest developments. Baker Hughes will utilize its AutoTrak eXact™ rotary steerable drilling system to reduce risks and execution costs for Eni. OFSE also booked another MAS award in the Middle East to provide artificial lift services in a super-giant oilfield, including advanced permanent magnet motors for improved electric submersible pump efficiency.

    Baker Hughes experienced a strong order quarter for flexible pipe systems in Brazil. Following a third-quarter 2024 award, OFSE received another flexible pipe systems award from Petrobras after an open tender, reinforcing this important relationship and Baker Hughes’ leading position in the product line. The capability of Baker Hughes’ flexible pipe systems to address the critical issue of stress-induced corrosion cracking from CO2 resulted in this significant award for approximately 48 miles of flexible pipe systems to be installed across four different fields. Additionally, OFSE received an order from Brava Energia to supply 9 miles of flexible pipe systems to be deployed in the Campos Basin.

    OFSE also advanced its digitalization and artificial intelligence capabilities, signing an agreement with AIQ, ADNOC and CORVA to launch the AI Rate of Penetration (ROP) Optimization initiative. The project aims to enhance drilling efficiency in real-time by providing insights and recommendations for optimizing weight on bit, rotations per minute and other critical parameters.

    Consolidated Revenue and Operating Income by Reporting Segment

    (in millions) Three Months Ended   Variance
      December 31,
    2024    		 September 30,
    2024    		 December 31,
    2023    		   Sequential Year-over-year
    Oilfield Services & Equipment $ 3,871   $ 3,963   $ 3,956     (2 )% (2 )%
    Industrial & Energy Technology   3,492     2,945     2,879     19  % 21  %
    Segment revenue   7,364     6,908     6,835     7  % 8  %
                 
    Oilfield Services & Equipment   526     547     492     (4 )% 7  %
    Industrial & Energy Technology   584     474     412     23  % 42  %
    Corporate(1)   (91 )   (91 )   (88 )   —  % (3 )%
    Inventory impairment(2)   (73 )   —     (2 )   NM    NM   
    Restructuring, impairment and other   (281 )   —     (163 )   NM     (73 )%
    Operating income   665     930     651     (29 )% 2  %
    Adjusted operating income*   1,019     930     816     10  % 25  %
    Depreciation & amortization   291     278     274     5  % 6  %
    Adjusted EBITDA* $ 1,310   $ 1,208   $ 1,091     8  % 20  %

    * Non-GAAP measure. See reconciliations in the section titled “Reconciliation of GAAP to non-GAAP Financial Measures.”

    “NM” is used when the percentage variance is not meaningful.

    (1)   Corporate costs are primarily reported in “Selling, general and administrative” in the consolidated statements of income (loss).

    (2)   Charges for inventory impairments are reported in “Cost of goods sold” in the consolidated statements of income (loss).

    Revenue for the fourth quarter of 2024 was $7,364 million, an increase of 7% sequentially and an increase of 8% year-over-year. The increase in revenue year-over-year was driven by IET.

    The Company’s total book-to-bill ratio in the fourth quarter of 2024 was 1.0; the IET book-to-bill ratio was 1.1.

    Operating income as determined in accordance with accounting principles generally accepted in the United States of America (“GAAP”), for the fourth quarter of 2024 was $665 million. Operating income decreased $265 million sequentially and increased $13 million year-over-year. Restructuring, impairment, and other charges were $281 million in the fourth quarter of 2024, primarily related to streamlining of the OFSE operating model.

    Adjusted operating income (a non-GAAP financial measure) for the fourth quarter of 2024 was $1,019 million, which excludes adjustments totaling $354 million. A list of the adjusting items and associated reconciliation from GAAP has been provided in Table 1a in the section titled “Reconciliation of GAAP to non-GAAP Financial Measures.” Adjusted operating income for the fourth quarter of 2024 was up 10% sequentially and up 25% year-over-year.

    Depreciation and amortization for the fourth quarter of 2024 was $291 million.

    Adjusted EBITDA (a non-GAAP financial measure) for the fourth quarter of 2024 was $1,310 million, which excludes adjustments totaling $354 million. See Table 1b in the section titled “Reconciliation of GAAP to non-GAAP Financial Measures.” Adjusted EBITDA for the fourth quarter was up 8% sequentially and up 20% year-over-year.

    The sequential increase in adjusted operating income and adjusted EBITDA was driven by higher volume in IET and structural cost-out initiatives in both segments, primarily offset by lower volume in OFSE. The year-over-year increase in adjusted operating income and adjusted EBITDA was driven by higher pricing and structural cost-out initiatives in both segments, and increased volume in IET primarily from higher proportionate growth in GTE, partially offset by decreased volume in OFSE and cost inflation in both segments.

    Other Financial Items

    Remaining Performance Obligations (“RPO”) in the fourth quarter of 2024 ended at $33.1 billion, a decrease of $0.3 billion from the third quarter of 2024. OFSE RPO was $3.0 billion, down 6% sequentially, while IET RPO was $30.1 billion, down $100 million sequentially. Within IET RPO, GTE RPO was $11.8 billion and GTS RPO was $15.0 billion.

    Income tax benefit in the fourth quarter of 2024 was $398 million reflecting the impact of a valuation allowance release in the U.S. The valuation allowance has been released primarily as a result of the U.S. moving into a cumulative three-year profit position.

    Other non-operating income in the fourth quarter of 2024 was $181 million. Included in other non-operating income were net mark-to-market gains in fair value and gains from sale for certain equity investments of $196 million.

    GAAP diluted earnings per share was $1.18. Adjusted diluted earnings per share (a non-GAAP financial measure) was $0.70. Excluded from adjusted diluted earnings per share were all items listed in Table 1c in the section titled “Reconciliation of GAAP to non-GAAP Financial Measures.”

    Cash flow from operating activities was $1,189 million for the fourth quarter of 2024. Free cash flow (a non-GAAP financial measure) for the quarter was $894 million. A reconciliation from GAAP has been provided in Table 1d in the section titled “Reconciliation of GAAP to non-GAAP Financial Measures.”

    Capital expenditures, net of proceeds from disposal of assets, were $295 million for the fourth quarter of 2024, of which $195 million was for OFSE and $87 million was for IET.

    Results by Reporting Segment
     

    The following segment discussions and variance explanations are intended to reflect management’s view of the relevant comparisons of financial results on a sequential or year-over-year basis, depending on the business dynamics of the reporting segments.

    Oilfield Services & Equipment

    (in millions) Three Months Ended   Variance
    Segment results December 31,
    2024    		 September 30,
    2024    		 December 31,
    2023    		   Sequential Year-over-year
    Orders $ 3,740   $ 3,807   $ 3,874     (2 )% (3 )%
    Revenue $ 3,871   $ 3,963   $ 3,956     (2 )% (2 )%
    Operating income $ 526   $ 547   $ 492     (4 )% 7  %
    Operating margin   13.6 %   13.8 %   12.4 %   -0.2pts   1.1pts  
    Depreciation & amortization $ 229   $ 218   $ 217     5  % 6  %
    EBITDA* $ 755   $ 765   $ 709     (1 )% 7  %
    EBITDA margin*   19.5 %   19.3 %   17.9 %   0.2pts   1.6pts  
    (in millions) Three Months Ended   Variance
    Revenue by Product Line December 31,
    2024    		 September 30,
    2024    		 December 31,
    2023    		   Sequential Year-over-year
    Well Construction $ 943 $ 1,050 $ 1,122   (10 )% (16 )%
    Completions, Intervention, and Measurements   1,022   1,009   1,086   1  % (6 )%
    Production Solutions   974   983   990   (1 )% (2 )%
    Subsea & Surface Pressure Systems   932   921   758   1  % 23  %
    Total Revenue $ 3,871 $ 3,963 $ 3,956   (2 )% (2 )%
    (in millions) Three Months Ended   Variance
    Revenue by Geographic Region December 31,
    2024    		 September 30,
    2024    		 December 31,
    2023    		   Sequential Year-over-year
    North America $ 971 $ 971 $ 1,018   —  % (5 )%
    Latin America   661   648   708   2  % (7 )%
    Europe/CIS/Sub-Saharan Africa   740   933   707   (21 )% 5  %
    Middle East/Asia   1,499   1,411   1,522   6  % (2 )%
    Total Revenue $ 3,871 $ 3,963 $ 3,956   (2 )% (2 )%
                 
    North America $ 971 $ 971 $ 1,018   —  % (5 )%
    International   2,900   2,992   2,938   (3 )% (1 )%

    * Non-GAAP measure. See reconciliations in the section titled “Reconciliation of GAAP to non-GAAP Financial Measures.” EBITDA margin is defined as EBITDA divided by revenue.

    OFSE orders of $3,740 million for the fourth quarter of 2024 decreased by $67 million sequentially. Subsea and Surface Pressure Systems orders were $802 million, up 3% sequentially, and up 23% year-over-year.

    OFSE revenue of $3,871 million for the fourth quarter of 2024 was down 2% sequentially, and down 2% year-over-year.

    North America revenue was $971 million, flat sequentially. International revenue was $2,900 million, down 3% sequentially, driven by declines in Europe/CIS/Sub-Saharan Africa region partially offset by growth in Middle East/Asia and Latin America.

    Segment operating income for the fourth quarter was $526 million, a decrease of $22 million, or 4%, sequentially. Segment EBITDA for the fourth quarter of 2024 was $755 million, a decrease of $10 million, or 1% sequentially. The sequential decrease in segment operating income and EBITDA was driven by lower volume, partially mitigated by positive price and productivity from structural cost-out initiatives.

    Industrial & Energy Technology

    (in millions) Three Months Ended   Variance
    Segment results December 31,
    2024    		 September 30,
    2024    		 December 31,
    2023    		   Sequential Year-over-year
    Orders $ 3,756   $ 2,868   $ 3,030     31 % 24 %
    Revenue $ 3,492   $ 2,945   $ 2,879     19 % 21 %
    Operating income $ 584   $ 474   $ 412     23 % 42 %
    Operating margin   16.7 %   16.1 %   14.3 %   0.6pts 2.4pts
    Depreciation & amortization $ 56   $ 54   $ 51     4 % 8 %
    EBITDA* $ 639   $ 528   $ 463     21 % 38 %
    EBITDA margin*   18.3 %   17.9 %   16.1 %   0.4pts 2.2pts
    (in millions) Three Months Ended   Variance
    Orders by Product Line December 31,
    2024    		 September 30,
    2024    		 December 31,
    2023    		   Sequential Year-over-year
    Gas Technology Equipment $ 1,865 $ 1,088 $ 1,297   71  % 44  %
    Gas Technology Services   902   778   808   16  % 12  %
    Total Gas Technology   2,767   1,866   2,105   48  % 31  %
    Industrial Products   515   494   514   4  % —  %
    Industrial Solutions   320   293   288   9  % 11  %
    Total Industrial Technology   835   787   802   6  % 4  %
    Climate Technology Solutions   154   215   123   (28 )% 25  %
    Total Orders $ 3,756 $ 2,868 $ 3,030   31  % 24  %
    (in millions) Three Months Ended   Variance
    Revenue by Product Line December 31,
    2024    		 September 30,
    2024    		 December 31,
    2023    		   Sequential Year-over-year
    Gas Technology Equipment $ 1,663 $ 1,281 $ 1,206   30 % 38 %
    Gas Technology Services   796   697   714   14 % 11 %
    Total Gas Technology   2,459   1,978   1,920   24 % 28 %
    Industrial Products   548   520   513   5 % 7 %
    Industrial Solutions   282   257   276   10 % 2 %
    Total Industrial Technology   830   777   789   7 % 5 %
    Climate Technology Solutions   204   191   170   7 % 20 %
    Total Revenue $ 3,492 $ 2,945 $ 2,879   19 % 21 %

    * Non-GAAP measure. See reconciliations in the section titled “Reconciliation of GAAP to non-GAAP Financial Measures.” EBITDA margin is defined as EBITDA divided by revenue.

    IET orders of $3,756 million for the fourth quarter of 2024 increased by $726 million, or 24% year-over-year. The increase was driven primarily by GTE orders which were up $568 million, or 44% year-over-year.

    IET revenue of $3,492 million for the fourth quarter of 2024 increased $613 million, or 21% year-over-year. The increase was driven primarily by Gas Technology, up 28% year-over-year.

    Segment operating income for the quarter was $584 million, an increase of $172 million, or 42% year-over-year. Segment EBITDA for the quarter was $639 million, an increase of $176 million, or 38% year-over-year. The year-over-year increase in segment operating income and segment EBITDA was driven by increased volume primarily from higher proportionate growth in GTE, positive pricing, and productivity, partially offset by cost inflation.

    2024 Total Year Results

    (in millions) Twelve Months Ended   Variance
      December 31, 2024 December 31, 2023   Year-over-year
    Oilfield Services & Equipment $ 15,240   $ 16,344     (7)%
    Industrial & Energy Technology   13,000     14,178     (8)%
    Orders $ 28,240   $ 30,522     (7)%
             
    Oilfield Services & Equipment $ 15,628   $ 15,361     2%
    Industrial & Energy Technology   12,201     10,145     20%
    Segment Revenue $ 27,829   $ 25,506     9%
             
    Oilfield Services & Equipment $ 1,988   $ 1,746     14%
    Industrial & Energy Technology   1,830     1,310     40%
    Corporate(1)   (363 )   (380 )   5%
    Inventory impairment(2)   (73 )   (35 )   (110)%
    Restructuring, impairment & other   (301 )   (323 )   7%
    Operating income   3,081     2,317     33%
    Adjusted operating income *   3,455     2,676     29%
    Depreciation & amortization   1,136     1,087     4%
    Adjusted EBITDA * $ 4,591   $ 3,763     22%

    * Non-GAAP measure. See reconciliations in the section titled “Reconciliation of GAAP to non-GAAP Financial Measures.”

    (1)   Corporate costs are primarily reported in “Selling, general and administrative” in the consolidated statements of income (loss).

    (2)   Charges for inventory impairments are reported in “Cost of goods sold” in the consolidated statements of income (loss). 

    Reconciliation of GAAP to non-GAAP Financial Measures

    Management provides non-GAAP financial measures because it believes such measures are widely accepted financial indicators used by investors and analysts to analyze and compare companies on the basis of operating performance (including adjusted operating income; EBITDA; EBITDA margin; adjusted EBITDA; adjusted net income attributable to Baker Hughes; and adjusted diluted earnings per share) and liquidity (free cash flow) and that these measures may be used by investors to make informed investment decisions. Management believes that the exclusion of certain identified items from several key operating performance measures enables us to evaluate our operations more effectively, to identify underlying trends in the business, and to establish operational goals for certain management compensation purposes. Management also believes that free cash flow is an important supplemental measure of our cash performance but should not be considered as a measure of residual cash flow available for discretionary purposes, or as an alternative to cash flow from operating activities presented in accordance with GAAP.

    Table 1a. Reconciliation of GAAP and Adjusted Operating Income

      Three Months Ended   Twelve Months Ended
      December 31, September 30, December 31,   December 31,
    (in millions)   2024   2024   2023     2024   2023
    Operating income (GAAP) $ 665 $ 930 $ 651   $ 3,081 $ 2,317
    Restructuring, impairment & other   281   —   163     301   323
    Inventory impairment(1)   73   —   2     73   35
    Total operating income adjustments   354   —   165     375   358
    Adjusted operating income (non-GAAP) $ 1,019 $ 930 $ 816   $ 3,455 $ 2,676

    (1)   Charges for inventory impairments are reported in “Cost of goods sold” in the consolidated statements of income (loss).

    Table 1a reconciles operating income, which is the directly comparable financial result determined in accordance with GAAP, to adjusted operating income. Adjusted operating income excludes the impact of certain identified items.

    Table 1b. Reconciliation of Net Income Attributable to Baker Hughes to EBITDA and Adjusted EBITDA

      Three Months Ended   Twelve Months Ended
      December 31, September 30, December 31,   December 31,
    (in millions)   2024     2024     2023     2024     2023  
    Net income attributable to Baker Hughes (GAAP) $ 1,179   $ 766   $ 439   $ 2,979   $ 1,943  
    Net income attributable to noncontrolling interests   11     8     11     29     27  
    Provision (benefit) for income taxes   (398 )   235     72     257     685  
    Interest expense, net   54     55     45     198     216  
    Other non-operating (income) loss, net   (181 )   (134 )   84     (382 )   (554 )
    Operating income (GAAP)   665     930     651     3,081     2,317  
    Depreciation & amortization   291     278     274     1,136     1,087  
    EBITDA (non-GAAP)   956     1,208     926     4,216     3,405  
    Total operating income adjustments(1)   354     —     165     375     358  
    Adjusted EBITDA (non-GAAP) $ 1,310   $ 1,208   $ 1,091   $ 4,591   $ 3,763  

    (1)   See Table 1a for the identified adjustments to operating income.

    Table 1b reconciles net income attributable to Baker Hughes, which is the directly comparable financial result determined in accordance with GAAP, to EBITDA. Adjusted EBITDA excludes the impact of certain identified items.

    Table 1c. Reconciliation of Net Income Attributable to Baker Hughes to Adjusted Net Income Attributable to Baker Hughes

      Three Months Ended   Twelve Months Ended
      December 31, September 30, December 31,   December 31,
    (in millions, except per share amounts)   2024     2024     2023       2024     2023  
    Net income attributable to Baker Hughes (GAAP) $ 1,179   $ 766   $ 439     $ 2,979   $ 1,943  
    Total operating income adjustments(1)   354     —     165       375     358  
    Other adjustments (non-operating)(2)   (189 )   (99 )   89       (335 )   (554 )
    Tax adjustments(3)   (650 )   (1 )   (181 )     (663 )   (124 )
    Total adjustments, net of income tax   (485 )   (100 )   72       (623 )   (320 )
    Less: adjustments attributable to noncontrolling interests   —     —     —       —     —  
    Adjustments attributable to Baker Hughes   (485 )   (100 )   72       (623 )   (320 )
    Adjusted net income attributable to Baker Hughes (non-GAAP) $ 694   $ 666   $ 511     $ 2,356   $ 1,622  
                 
                 
    Denominator:            
    Weighted-average shares of Class A common stock outstanding diluted   999     999     1,010       1,001     1,015  
    Adjusted earnings per share – diluted (non-GAAP) $ 0.70   $ 0.67   $ 0.51     $ 2.35   $ 1.60  

    (1)   See Table 1a for the identified adjustments to operating income.

    (2)   All periods primarily reflect the net gain or loss on changes in fair value for certain equity investments.

    (3)   All periods reflect the tax associated with the other operating and non-operating adjustments. 4Q’24 and fiscal year 2024 include $664 million and 4Q’23 and fiscal year 2023 include $81 million, respectively, related to the release of valuation allowances for certain deferred tax assets.

    Table 1c reconciles net income attributable to Baker Hughes, which is the directly comparable financial result determined in accordance with GAAP, to adjusted net income attributable to Baker Hughes. Adjusted net income attributable to Baker Hughes excludes the impact of certain identified items.

    Table 1d. Reconciliation of Net Cash Flows From Operating Activities to Free Cash Flow

      Three Months Ended   Twelve Months Ended
      December 31, September 30, December 31,   December 31,
    (in millions)   2024     2024     2023       2024     2023  
    Net cash flows from operating activities (GAAP) $ 1,189   $ 1,010   $ 932     $ 3,332   $ 3,062  
    Add: cash used for capital expenditures, net of proceeds from disposal of assets   (295 )   (256 )   (298 )     (1,075 )   (1,016 )
    Free cash flow (non-GAAP) $ 894   $ 754   $ 633     $ 2,257   $ 2,045  

    Table 1d reconciles net cash flows from operating activities, which is the directly comparable financial result determined in accordance with GAAP, to free cash flow. Free cash flow is defined as net cash flows from operating activities less expenditures for capital assets plus proceeds from disposal of assets.

    Financial Tables (GAAP)
     
    Condensed Consolidated Statements of Income (Loss)
    (Unaudited)
     
      Three Months Ended
    (In millions, except per share amounts) December 31, 2024 September 30, 2024 December 31, 2023
    Revenue $ 7,364   $ 6,908   $ 6,835  
    Costs and expenses:      
    Cost of revenue   5,833     5,366     5,386  
    Selling, general and administrative   585     612     634  
    Restructuring, impairment and other   281     —     163  
    Total costs and expenses   6,699     5,978     6,183  
    Operating income   665     930     651  
    Other non-operating income (loss), net   181     134     (84 )
    Interest expense, net   (54 )   (55 )   (45 )
    Income before income taxes   792     1,009     522  
    Benefit (provision) for income taxes   398     (235 )   (72 )
    Net income   1,190     774     450  
    Less: Net income attributable to noncontrolling interests   11     8     11  
    Net income attributable to Baker Hughes Company $ 1,179   $ 766   $ 439  
           
    Per share amounts:    
    Basic income per Class A common share $ 1.19   $ 0.77   $ 0.44  
    Diluted income per Class A common share $ 1.18   $ 0.77   $ 0.43  
           
    Weighted average shares:      
    Class A basic   990     993     1,001  
    Class A diluted   999     999     1,010  
           
    Cash dividend per Class A common share $ 0.21   $ 0.21   $ 0.20  
           
     
    Condensed Consolidated Statements of Income (Loss)
    (Unaudited)
     
      Year Ended December 31,
    (In millions, except per share amounts)   2024     2023     2022  
    Revenue $ 27,829   $ 25,506   $ 21,156  
    Costs and expenses:      
    Cost of revenue   21,989     20,255     16,756  
    Selling, general and administrative   2,458     2,611     2,510  
    Restructuring, impairment and other   301     323     705  
    Total costs and expenses   24,748     23,189     19,971  
    Operating income   3,081     2,317     1,185  
    Other non-operating income (loss), net   382     554     (911 )
    Interest expense, net   (198 )   (216 )   (252 )
    Income before income taxes   3,265     2,655     22  
    Provision for income taxes   (257 )   (685 )   (600 )
    Net income (loss)   3,008     1,970     (578 )
    Less: Net income attributable to noncontrolling interests   29     27     23  
    Net income (loss) attributable to Baker Hughes Company $ 2,979   $ 1,943   $ (601 )
           
    Per share amounts:      
    Basic income (loss) per Class A common share $ 3.00   $ 1.93   $ (0.61 )
    Diluted income (loss) per Class A common share $ 2.98   $ 1.91   $ (0.61 )
           
    Weighted average shares:      
    Class A basic   994     1,008     987  
    Class A diluted   1,001     1,015     987  
           
    Cash dividend per Class A common share $ 0.84   $ 0.78   $ 0.73  
     
    Condensed Consolidated Statements of Financial Position
    (Unaudited)
     
      December 31,
    (In millions)   2024   2023
    ASSETS
    Current Assets:    
    Cash and cash equivalents $ 3,364 $ 2,646
    Current receivables, net   7,122   7,075
    Inventories, net   4,954   5,094
    All other current assets   1,771   1,486
    Total current assets   17,211   16,301
    Property, plant and equipment, less accumulated depreciation   5,127   4,893
    Goodwill   6,078   6,137
    Other intangible assets, net   3,951   4,093
    Contract and other deferred assets   1,730   1,756
    All other assets   4,266   3,765
    Total assets $ 38,363 $ 36,945
    LIABILITIES AND EQUITY
    Current Liabilities:    
    Accounts payable $ 4,542 $ 4,471
    Short-term and current portion of long-term debt   53   148
    Progress collections and deferred income   5,672   5,542
    All other current liabilities   2,724   2,830
    Total current liabilities   12,991   12,991
    Long-term debt   5,970   5,872
    Liabilities for pensions and other postretirement benefits   988   978
    All other liabilities   1,359   1,585
    Equity   17,055   15,519
    Total liabilities and equity $ 38,363 $ 36,945
         
    Outstanding Baker Hughes Company shares:    
    Class A common stock   990   998
     
    Condensed Consolidated Statements of Cash Flows
    (Unaudited)
     
      Three Months
    Ended
    December 31,    		 Twelve Months Ended
    December 31,
    (In millions)   2024     2024     2023  
    Cash flows from operating activities:      
    Net income $ 1,190   $ 3,008   $ 1,970  
    Adjustments to reconcile net income to net cash flows from operating activities:      
    Depreciation and amortization   291     1,136     1,087  
    Benefit for deferred income taxes   (706 )   (671 )   (59 )
    Gain on equity securities   (196 )   (367 )   (555 )
    Stock-based compensation cost   49     202     197  
    Property, plant and equipment impairment, net   77     77     (1 )
    Gain on business dispositions   —     —     (40 )
    Working capital   63     7     42  
    Other operating items, net   421     (60 )   421  
    Net cash flows provided by operating activities   1,189     3,332     3,062  
    Cash flows from investing activities:      
    Expenditures for capital assets   (353 )   (1,278 )   (1,224 )
    Proceeds from disposal of assets   58     203     208  
    Proceeds from sale of equity securities   71     92     372  
    Proceeds from business dispositions   —     —     293  
    Net cash paid for acquisitions   —     —     (301 )
    Other investing items, net   6     (33 )   (165 )
    Net cash flows used in investing activities   (218 )   (1,016 )   (817 )
    Cash flows from financing activities:      
    Repayment of long-term debt   (9 )   (143 )   (651 )
    Dividends paid   (208 )   (836 )   (786 )
    Repurchase of Class A common stock   (9 )   (484 )   (538 )
    Other financing items, net   (8 )   (64 )   (53 )
    Net cash flows used in financing activities   (234 )   (1,527 )   (2,028 )
    Effect of currency exchange rate changes on cash and cash equivalents   (37 )   (71 )   (59 )
    Increase in cash and cash equivalents   700     718     158  
    Cash and cash equivalents, beginning of period   2,664     2,646     2,488  
    Cash and cash equivalents, end of period $ 3,364   $ 3,364   $ 2,646  
    Supplemental cash flows disclosures:      
    Income taxes paid, net of refunds $ 307   $ 1,040   $ 595  
    Interest paid $ 99   $ 298   $ 309  
     

    Supplemental Financial Information

    Supplemental financial information can be found on the Company’s website at: investors.bakerhughes.com in the Financial Information section under Quarterly Results.

    Conference Call and Webcast

    The Company has scheduled an investor conference call to discuss management’s outlook and the results reported in today’s earnings announcement. The call will begin at 9:30 a.m. Eastern time, 8:30 a.m. Central time on Friday, January 31, 2025, the content of which is not part of this earnings release. The conference call will be broadcast live via a webcast and can be accessed by visiting the Events and Presentations page on the Company’s website at: investors.bakerhughes.com. An archived version of the webcast will be available on the website for one month following the webcast.

    Forward-Looking Statements

    This news release (and oral statements made regarding the subjects of this release) may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, (each a “forward-looking statement”). Forward-looking statements concern future circumstances and results and other statements that are not historical facts and are sometimes identified by the words “may,” “will,” “should,” “potential,” “intend,” “expect,” “would,” “seek,” “anticipate,” “estimate,” “overestimate,” “underestimate,” “believe,” “could,” “project,” “predict,” “continue,” “target”, “goal” or other similar words or expressions. There are many risks and uncertainties that could cause actual results to differ materially from our forward-looking statements. These forward-looking statements are also affected by the risk factors described in the Company’s annual report on Form 10-K for the annual period ended December 31,2024; and those set forth from time to time in other filings with the Securities and Exchange Commission (“SEC”). The documents are available through the Company’s website at: www.investors.bakerhughes.com or through the SEC’s Electronic Data Gathering and Analysis Retrieval system at: www.sec.gov. We undertake no obligation to publicly update or revise any forward-looking statement, except as required by law. Readers are cautioned not to place undue reliance on any of these forward-looking statements.

    Our expectations regarding our business outlook and business plans; the business plans of our customers; oil and natural gas market conditions; cost and availability of resources; economic, legal and regulatory conditions, and other matters are only our forecasts regarding these matters.

    These forward-looking statements, including forecasts, may be substantially different from actual results, which are affected by many risks, along with the following risk factors and the timing of any of these risk factors:

    • Economic and political conditions – the impact of worldwide economic conditions and rising inflation; the impact of tariffs and the potential for significant increases thereto; the effect that declines in credit availability may have on worldwide economic growth and demand for hydrocarbons; foreign currency exchange fluctuations and changes in the capital markets in locations where we operate; and the impact of government disruptions and sanctions.
    • Orders and RPO – our ability to execute on orders and RPO in accordance with agreed specifications, terms and conditions and convert those orders and RPO to revenue and cash.
    • Oil and gas market conditions – the level of petroleum industry exploration, development and production expenditures; the price of, volatility in pricing of, and the demand for crude oil and natural gas; drilling activity; drilling permits for and regulation of the shelf and the deepwater drilling; excess productive capacity; crude and product inventories; liquefied natural gas supply and demand; seasonal and other adverse weather conditions that affect the demand for energy; severe weather conditions, such as tornadoes and hurricanes, that affect exploration and production activities; Organization of Petroleum Exporting Countries (“OPEC”) policy and the adherence by OPEC nations to their OPEC production quotas.
    • Terrorism and geopolitical risks – war, military action, terrorist activities or extended periods of international conflict, particularly involving any petroleum-producing or consuming regions, including Russia and Ukraine; and the recent conflict in the Middle East; labor disruptions, civil unrest or security conditions where we operate; potentially burdensome taxation, expropriation of assets by governmental action; cybersecurity risks and cyber incidents or attacks; epidemic outbreaks.

    About Baker Hughes:

    Baker Hughes (Nasdaq: BKR) is an energy technology company that provides solutions for energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com

    For more information, please contact:

    Investor Relations

    Chase Mulvehill
    +1 346-297-2561
    investor.relations@bakerhughes.com

    Media Relations

    Adrienne Lynch
    +1 713-906-8407
    adrienne.lynch@bakerhughes.com

    The MIL Network –

  • MIL-Evening Report: Friday essay: Seize the day – Virginia Woolf’s Mrs Dalloway at 100

    Source: The Conversation (Au and NZ) – By Naomi Milthorpe, Senior Lecturer in English, University of Tasmania

    I’m at the park with my daughter, who is jumping in and out of puddles, splashing, shrieking at me (Mum! Look what I can do!), as I read frantically, taking one-handed notes on my phone (Mum! Look at this!). Part of me wishes I could enjoy with her this moment of pleasure in movement. The other, more insistent part is thinking about this essay: where to start, what to say, how to sum up the extraordinary legacy of the book I’m re-reading, Virginia Woolf’s Mrs Dalloway, which this year marks 100 years since its first publication in 1925. How am I supposed to write about this book?

    If you were to read a synopsis, it might seem like a book purely for an academic specialist (which, admittedly, I am). One day in London in June 1923, an ageing rich woman, Clarissa Dalloway, prepares to give a party. Across town, a shell-shocked Great War veteran, Septimus Warren Smith, loses his grip on sanity. Between them oscillate other characters: Clarissa’s former lover Peter Walsh, Clarissa’s husband Richard and daughter Elizabeth, Elizabeth’s tutor Doris Kilman, Septimus’s wife Rezia, and his doctors Holmes and Bradshaw.

    Like that other modernist monument, James Joyce’s Ulysses (1922), Mrs Dalloway is explicitly quotidian. It follows ordinary people through ordinary activities on an ordinary day – shopping, walking in the park, riding the bus, going to appointments, mending a dress. As Woolf’s characters go about their day, scenes and impressions are filtered through their individual consciousnesses, threaded together with language, images and memories.

    The novel opens with the famous line “Mrs Dalloway said she would buy the flowers herself”, a sentence remarkable for its banality, as well as for its commitment to the in medias res plunge into life that Woolf was so keen on. The iconic status of the line is demonstrated by the number of online parodies it inspires, perhaps only surpassed by William Carlos Williams’s poem This Is Just To Say, which has become a verified meme.

    A new seam

    On Good Friday 1924, Woolf wrote on a page of the manuscript she was drafting – then called “The Hours” – that “I will write whatever I want to write.” She could write whatever she wanted to write because she owned her own publishing house, The Hogarth Press. The actual press was in the basement of her suburban Richmond home.

    Mrs Dalloway, first edition dust jacket, with cover art by Vanessa Bell. The Hogarth Press, 1925.
    Public domain, via Wikimedia Commons

    Mrs Dalloway was the second of Woolf’s novels to be self-published in this way. Being a small-press publisher allowed her to experiment formally in ways that would have been impossible if she was working with a mainstream publisher. In A Writer’s Diary, she describes her process as both exploratory and technical. On August 30, 1923, she wrote: “I dig out beautiful caves behind my characters”. Later, in October 1924: “I practise writing; do my scales”.

    I recently co-hosted a conference here in Hobart, which included a panel on contemporary Tasmanian experimental writing. The writers who spoke that day talked of the struggle to place work that pushed the boundaries of form and genre. A hundred years after Woolf’s efforts to unearth what she called a new “seam”, commercial imperatives continue to constrain writers and their work.

    Despite Woolf’s refusal to compromise with mainstream tastes, Mrs Dalloway was well received. Her contemporaries recognised the novel’s importance immediately. “An intellectual triumph”, proclaimed P.C. Kennedy in the New Statesman; “a cathedral”, pronounced E.M. Forster in the New Criterion.

    It sold moderately well: 1,500 copies within about a month of its publication on May 14 – more than her prior novel, Jacob’s Room, had sold in a year. Her biographer Hermione Lee records that in 1926 income from writing allowed Woolf and her husband Leonard to install a hot water range and toilet at their country home.

    Woolf’s novel was revolutionary for its depiction of same-sex attraction and mental illness, as well as for its challenge to the novel form and representation of time. Clarissa remembers the jolt of desire she felt as an 18-year-old for her friend Sally Seton, who kisses her on the terrace of her house at Bourton:

    the most exquisite moment of her whole life passing a stone urn with flowers in it. Sally stopped; picked a flower; kissed her on the lips. The whole world might have turned upside down! The others disappeared; there she was alone with Sally. And she felt that she had been given a present, wrapped up, and told just to keep it, not to look at it – a diamond, something infinitely precious, wrapped up, which, as they walked (up and down, up and down), she uncovered, or the radiance burnt through, the revelation, the religious feeling!

    Clarissa, made “virginal” in middle age by illness and marital boredom, is surprised by this irrupting memory. She connects it to her sense of joy in life itself: “the moment of this June morning on which was the pressure of all the other mornings […] collecting the whole of her at one point”.

    Clarissa and Septimus Smith – though they never meet – are shadow versions of each other. Both have beaky noses, thin pale birdlike bodies, and histories of illness.

    Septimus, so capable as a soldier in the Great War, buries the trauma of seeing his commanding officer Evans killed, only to have it resurface in visual and aural hallucinations, of Evans behind the trees, and birds singing in Greek. He perceives, as Clarissa does, the burden of the past upon the present, and he suffers as a result of the coercion of the social system – what Woolf’s narrator ironises as the sister goddesses Conversion and Proportion.

    “Worshipping proportion […] made England prosper”, because proportion forbids despair, illness, and emotional extremes. Conversion, the strong arm of Empire, “offers help, but desires power; smites out of her way roughly the dissentient, the dissatisfied”. Conversion “loves blood better than brick, and feasts most subtly on the human will”. Together, they suck the life from those who cannot or will not comply with them.

    For Septimus, who has witnessed the dreadful disproportion of the war, ordinary social life becomes a torturous pressure cooker, a “gradual drawing together of everything to one centre before his eyes, as if some horror had come almost to the surface and was about to burst into flames”. A reviewer for the Times Literary Supplement emphasised this aspect of its experimentalism:

    Watching Mrs Woolf’s experiment, certainly one of the hardest and very subtly planned, one reckons up its cost. To get the whole value of the present you must enhance it, perhaps, with the past.

    Watching my daughter lark about is shadowed by the two surgeries she had in early childhood to correct her developmental hip dysplasia. I hear her screech with joy in the park, rocketing about freely; I hear her scream in pain in the hospital, encased in plaster from the midsection down. As Woolf knew, the past and the present are experienced within us simultaneously.

    Doubled experience

    “In this book I have almost too many ideas,” Woolf wrote in her diary on June 19, 1923. “I want to give life and death, sanity and insanity; I want to criticise the social system, and to show it at work, at its most intense.”

    Woolf’s ideas have inspired scores of interpretations, focusing on time, space, reality, psychology, domesticity, history, sexual relations, politics, fashion, the environment, health and illness. She is now probably the most written-about 20th century English author. I can remember vividly first reading this novel as an undergraduate, after which I devoured Woolf’s revolutionary 1929 essay A Room of One’s Own, which criticised the educational, economic and social constraints that prevented women, in many instances, from writing anything at all.

    Cover of the first edition of A Room of One’s Own (1929).
    Public domain.

    Woolf, of course, could and did write. This was a function, as she knew, of her financial and class privilege. Feminist politics has progressed beyond Woolf, but she laid one of the foundation stones. In her fiction, she modelled a method of writing that critiques patriarchal thinking. She focuses our attention on overlooked individuals and their inner lives, and she splendidly undoes the Victorian conception of plot.

    The same year Woolf published Mrs Dalloway, she also published her important collection of essays, The Common Reader. The first piece in that book, on the medieval letters of the Paston family, describes the illumination cast by these ordinary, non-literary pieces of writing:

    Like all collections of letters, they seem to hint that we need not care overmuch for the fortunes of individuals. The family will go on, whether Sir John lives or dies. It is their method to heap up in mounds of insignificant and often dismal dust the innumerable trivialities of daily life, as it grinds itself out, year after year. And then suddenly they blaze up; the day shines out, complete, alive, before our eyes.

    Mrs Dalloway encompasses this doubled experience of insignificance and blazing life. Woolf writes of the past emerging into the present day and the present’s capacity to reshape the past. In her diary, she called this her “tunnelling process, by which I tell the past in instalments, as I have need of it”.

    In tunnelling through narrative, digging out caves behind her characters, Woolf flung out a lot of what seems to be dust – buying flowers, ogling girls, table manners and weight gain, advertising, letter writing, doctor’s appointments, eating eclairs in a department store cafe. The novel reminds us of these moments’ triviality, and their significance, through repeated reference to the bells and clocks of London striking the hour.

    This is why the opening line – and the novel as a whole – is so remarkable. It catches drops of shimmering reality from moments that can so easily go unremarked. This, Woolf knew, was what writing needed to do: to stop time. As she wrote of the Pastons’ letters: “There is the ancient day, spread out before us, hour by hour.”

    Portrait of Virginia Woolf – Roger Fry (1917)
    Public domain, via Wikimedia Commons

    Her metaphor shows that Woolf’s thinking about time also had a spatial dimension. These two dimensions of space and time structure Mrs Dalloway’s theme and method, As David Daiches explained in his 1939 book The Novel and the Modern World, Woolf first links a series of different perspectives through a single shared moment in time – marked by the sound of the bells – then switches to an individual perspective, anchored in space, and moves through that individual’s memories.

    Woolf wrote in her diary that “the caves shall connect and each comes to daylight at the present moment.” Daiches diagrammed these relations in time and space as a series of connected trees, arguing that they illustrated the novel’s concern with “the importance of contact and at the same time the necessity of keeping the self inviolable, of the extremes of isolation and domination”.

    A legacy of inspiration

    Since its publication, Mrs Dalloway has continued to inspire. For second-wave feminism, Woolf was a touchstone. Since the 1970s, she has enjoyed an unparalleled position in the history of 20th century letters, inspiring the recovery of other contemporaneous women writers connected with the Bloomsbury group.

    Michael Cunningham’s The Hours, Robin Lippincott’s Mr Dalloway and John Lanchester’s Mr Phillips all appeared in the three years between 1998 and 2000, all of them reflecting Woolf’s legacy, tacitly or explicitly.

    Because of the Oscar-winning film adaptation by Stephen Daldry, Cunningham’s novel is the most recognisable of these three. The Hours revises Mrs Dalloway through the stories of three women: Virginia Woolf herself; Laura Brown, a 1950s housewife who reads Mrs Dalloway; and Clarissa Vaughan, nicknamed Mrs Dalloway by her former lover Richard, for whom she throws a literary party.

    Cunningham’s novel counterpoints, as Woolf did, the work of living with the work of art. The homemaker Laura Brown tries to bake a cake to equal a work of art, hoping “to be as satisfied and as filled with anticipation as a writer putting down the first sentence, a builder beginning to draw the plans.” Later, her delirious dying son Richard regrets what he views as the failure of his art to compete with simply living:

    I wanted to create something alive and shocking enough that it could stand beside a morning in somebody’s life. The most ordinary morning. Imagine trying to do that. What foolishness.

    More recently, Michelle Cahill’s Daisy & Woolf (2023) and Miranda Darling’s Thunderhead (2024) have wrestled with Mrs Dalloway the character, and with Woolf’s legacy. Darling’s novel revives a new “Mrs” Dalloway, Winona, a wealthy Sydney suburban writer, wife and mother, who struggles to break through “to something more real” than the constraint of middle class domestication.

    Cahill’s Daisy & Woolf explores a minor character from Mrs Dalloway, whom Woolf failed to make properly live: Daisy Simmons, Peter Walsh’s Anglo-Indian fiancee. In Woolf’s novel, Daisy exists entirely offstage. She is a romantic memory of Peter’s, “dark, adorably pretty”. Daisy, writes Cahill, is

    trapped in the past, in a moment, a vignette, but not the kind that would enter a room, open a window, to a life inside, a life in the mind, as it does for Clarissa with a squeak of hinges on the very first page of Mrs Dalloway! Not a real girl, Daisy, too arch perhaps, the air not stirring for her, seeing as she has no present tense.

    Cahill’s present-day narrator Mina, writing back to Woolf, sees Daisy as a fully fleshed character: a mixed-race woman living in Calcutta in the twilight of Empire, as the Indian independence movement grows in strength. In recovering Daisy’s rich personal and political history, narrated through letters to Peter, Cahill reclaims interiority for this marginalised character.

    In her 1937 essay Craftsmanship, the BBC broadcast of which is the only surviving recording of her voice, Woolf wrote: “Words, English words, are full of echoes, of memories, of associations.”

    Mrs Dalloway shows us the ways that words can both connect and sever. Characters pass each other on the street, muse on a shared past, or witness the same event from different vantage points and through different filters of personality and psyche. As Hermione Lee explained, for Woolf “the really important life was ‘within’”.

    Peter remembers Clarissa’s theory of life, which is expounded on top of a bus going down Shaftesbury Avenue:

    She felt herself everywhere; not here here here; […] but everywhere. […] so that to know her, or any one, one must seek out the people who completed them; even the places […] since our apparitions, the part of us which appears, are so momentary compared with the other, the unseen part of us, which spreads wide, the unseen might survive, be recovered somehow attached to this person or that, or even haunting certain places, after death.

    Late in the book, Septimus’s suicide is reported to Clarissa at the party. “Oh,” she thinks, “in the middle of my party, here’s death”. And in the middle of her party, Clarissa feels not only the disaster of death – “her disaster, her disgrace […] and she forced to stand here in her evening dress” – but the deep pulsing joy of life. “Nothing could be slow enough; nothing last too long.”

    In certain lights – to paraphrase Michael Cunningham – Mrs Dalloway might look like the book of one’s own life, a book that will locate you, parent you, arm you for life’s changes. As an undergraduate, I was mesmerised by Woolf’s language and her grasp on the inner life.

    Though Clarissa Dalloway is 52, Woolf turned 43 the year her novel was published. I’m turning 43 this year, too. Woolf, ravaged by long periods of illness and partially toothless, thought of herself as elderly. I do not, though I am no longer young. But to re-read this novel at this age reminds me to relish these long hours and short years: to sniff flowers, feel the lift of the gusting wind, jump and splash with my children, read the patterns made by the clouds. To seize the day.

    Naomi Milthorpe does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. Friday essay: Seize the day – Virginia Woolf’s Mrs Dalloway at 100 – https://theconversation.com/friday-essay-seize-the-day-virginia-woolfs-mrs-dalloway-at-100-246331

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI United Nations: Stressing Peacebuilding Commission’s Critical Role amid Rise in Conflicts Worldwide, Secretary-General Urges Increased, Innovative Funding to Support Its Work

    Source: United Nations General Assembly and Security Council

    Speakers Highlight Pact for Future’s Prioritization of Conflict Prevention, Mediation and Peacebuilding

    Amid escalating conflicts, widening geopolitical divisions and deepening climate crisis, the Peacebuilding Commission is “more critical than ever”, said the UN Chief, stressing that the Pact for the Future charts a course to reforming international cooperation by prioritizing prevention, mediation and peacebuilding.

    “Now we have the chance to consolidate and expand [the Commission’s] work,” said António Guterres, Secretary-General of the United Nations, recognizing its vital advisory role to the Security Council — including in the context of UN mission transitions.  He also commended its convening role within the UN and beyond, engaging civil society, the private sector, international and regional organizations and financial institutions.

    This year’s Review of the United Nations Peacebuilding Architecture offers an opportunity to strengthen the Commission’s role, he said, pointing to his recent report on Peacebuilding and Sustaining Peace, which suggests mobilizing political and financial support for nationally owned peacebuilding and prevention strategies.  

    On the issue of financing, he said the General Assembly’s approval of assessed contributions to the Peacebuilding Fund marks “an important step”. However, it is still a far cry from the “quantum leap” of $500 million per year that is needed.  Emphasizing that “voluntary contributions remain paramount”, he encouraged countries to provide additional support to the Fund.  Additionally, given the urgent and expanding needs for peacebuilding support, the Review of the Peacebuilding Architecture shall further examine how to ensure the Fund’s predictability, adequacy and sustainability by exploring innovative financing mechanisms, public-private partnerships and blended funding models.

    “We must never waver in our commitment to pursue, achieve and sustain peace,” he stated, noting that the UN’s peacebuilding architecture — in collaboration with UN country teams — is essential to help “translate aspirations into reality”.

    Following the Secretary-General’s opening remarks, the Commission adopted the body’s report on its eighteenth session, whose final version will be transmitted to the General Assembly and the Security Council for their respective annual consideration. 

    Election of Officers for Nineteenth Session

    The Commission also elected officers for its nineteenth session by acclamation, including Germany as Chair and Japan, Poland, Brazil and Morocco as Vice-Chairs.  Further, it re-elected the following countries to chair the Commission’s country-specific configurations:  Morocco, for the Central African Republic; Brazil, for Guinea-Bissau; and Sweden, for Liberia. 

    Outgoing Commission Chair Highlights 2024 Efforts to Address Peacebuilding Challenges

    As outgoing Chair of the Commission’s eighteenth session, the representative of Brazil noted the Commission’s “robust” mandate as a platform for countries seeking assistance for their peacebuilding and conflict-prevention priorities.  “Through the [Commission], political, technical and financial support can be mobilized, and real impact on the ground can be achieved,” he said.  In that context, he highlighted that the body’s work in 2024 focused on exploring “concrete peacebuilding challenges” and showcasing “what has worked, lessons learned, frustrations and challenges different countries face”. 

    He added that, during 2024, the Commission also engaged in preparation for the 2025 peacebuilding architecture review.  Expressing hope that Member States see such review “as an opportunity that should not be missed”, he urged better synergy between the Commission, the Peacebuilding Support Office and the Peacebuilding Fund. “We should also explore ways to provide adequate institutional support to the [Commission] at all levels,” he said, expressing hope that the Trusteeship Council room may one day be renamed the Peacebuilding Council room.

    Pointing out that the Security Council’s permanent members are also permanent Commission members, he expressed hope that those States will participate more in Commission meetings in the future.  “With great power comes great responsibility,” he observed.

    Incoming Commission Chair Cites Strong Focus in 2025 on National Ownership, Closer Relationship with Peacebuilding Fund and Improving Impact 

    The representative of Germany, Chair of the Commission’s nineteenth session, noted her intention to continue supporting a strong emphasis on national ownership, the body’s convening power and its “unique bridging role” across the pillars of the United Nations.  Also pointing to opportunities to improve the Commission’s coherence and efficacy, she said that she will ensure follow-up with countries after a Commission meeting, work on a closer relationship between the Commission and the Peacebuilding Fund, and make the Fund’s work more visible — “especially with a view to the first-time-ever use of assessed contributions”. 

    She also detailed her hope to strengthen evidence-based discussion and peer-to-peer learning and consider the question of peacebuilding impact — “to ensure that the work we do here in New York has an impact on people’s lives on the ground”.  Work will also be done to build on previous efforts to foster the Commission’s relationship with regional organizations, strengthen coherence within the UN and enhance cooperation with international financial institutions.  She added that a close, meaningful exchange with other UN bodies is “key”. 

    Assistant Secretary-General Says Commission Uniquely Positioned to Offer Platform for Member States 

    The Assistant Secretary-General of the Peacebuilding Commission said that, in the current context of the proliferation of conflict and violence worldwide, the Commission is “uniquely positioned” to offer a platform for Member States that wish to come to it.  She added that 2025 presents new opportunities to strengthen the Commission’s role, including by accompanying countries’ peacebuilding journey.

    Incoming Vice Commission Chairs and Chairs of Country-Specific Configurations Share Perspectives

    Incoming Vice Chairs for the nineteenth session echoed that sentiment, with the representative of Poland saying 2025 “presents itself as a truly unique and exceptional year”.  The Pact for the Future, adopted in 2024, must be made to work “in the best possible way”, he said, particularly in the context of strengthening peacebuilding and conflict prevention. 

    Morocco’s speaker stressed that the Commission should expand its geographic and thematic scope while upholding the principle of national ownership.  Underscoring the need to optimize the Commission’s collaboration with the Council and other UN organs, he called for a comprehensive approach towards sustaining peace by leveraging and utilizing each body’s unique characteristics in a mutually complementary manner.

    The representative of Morocco said he will work to promote reconciliation, post-conflict reconstruction, development and inclusive peace processes.  As Chair of the Commission’s country-specific configuration for the Central African Republic, he will continue to work to mobilize the necessary resources for organizing upcoming local elections in that country — a “crucial stage for strengthening local governance and legitimacy of the authorities”.

    Brazil’s delegate stated:  “Our region faces its own peacebuilding and conflict prevention challenges [while] developing solutions.”  Noting his country’s readiness to share lessons learned, he said “this exchange is most useful in our common task as peacebuilders”. 

    The representative of Sweden, Chair of the Commission’s country-specific configuration for Liberia, said that Liberia has made “remarkable gains over the years”.  Peaceful elections held in 2023 and the orderly transfer of power in 2024 “were true milestones”, he stressed, noting that the configuration’s focus for 2025 will be consolidating long-term peacebuilding gains in the country. Liberia, he added, “has important experiences and lessons learned” to share with the Commission, including sustaining peace, inclusive development and reconciliation.

    Commission Members Stress Need to Invest in Addressing Root Causes of Conflict and Violence

    In the ensuing discussion, Commission members underscored the need to invest in addressing the root causes of conflict and violence, adding that the Pact for the Future has gained recognition for conflict prevention as a universally shared responsibility.

    “2025 will be a crucial year for peacebuilding,” said the representative of the European Union, in its capacity as observer.  The Council has demonstrated overwhelming support for this agenda by holding two open debates on conflict prevention.  “We have collectively recognized that elaborating national prevention strategies, anchored in national ownership, should be an aspiration for all countries,” he stressed.  The peacebuilding architecture review is “an opportunity to consolidate these gains” and to further strengthen the Commission as “an institution that can act as a bridge at the UN”, he continued.  As the Commission’s biggest donors, the bloc and its member States have matched this political commitment with funding support.

    Spotlighting the Commission’s “significant achievements”, Australia’s delegate said it expanded its regional engagement, provided input into the review and facilitated the revised terms of reference for peacebuilding funding.  Underlining the need to strengthen the Commission’s engagement with his region, he said it should encourage Member States to present their peacebuilding priorities. 

    “Although, at times, we may have had divergent views on how peacebuilding should be conducted, we continue to agree on the foundational principles of peacebuilding,” said his counterpart from South Africa. Namely, that it should be nationally owned and led, context-specific and adaptable, and that more can be done to support peacebuilding in post-conflict contexts. 

    “It is high time to match the ambitions with the capacities,” said Egypt’s delegate, underscoring the need to expand resources and guarantee the Commission’s more structured cooperation with the Council.

    Colombia’s representative, noting that the Commission regularly invites her delegation to share his country’s “experience of peace”, said that doing so helps States “better elucidate a horizon of peace in other places”. The legitimacy of the UN and the future of multilateralism “depend on our capacity to tackle complex crises, contribute to peace and security and ensure a better life for our peoples”, she asserted. 

    The speaker for Bangladesh, noting that the Commission has “always” based its work on national ownership, said that the body should continue supporting local needs and national priorities “by bringing all stakeholders into the discussion”.  Further, the Commission should strengthen its advisory role to facilitate the smooth transition of peacekeeping operations, leading to long-lasting peace. 

    For his part, the Russian Federation’s representative said that the upcoming peacebuilding-architecture review “should not reinvent the wheel but, rather, use existing mechanisms”.  He also stressed that the Commission must not focus solely on conflict prevention, losing sight of countries affected by conflict and post-conflict countries.  “It is them that need the political and financial support so that crises don’t return,” he said.  Also emphasizing the need to avoid duplication of work, he observed:  “The strong suit of the UN system is the principle of division of labour between its main organs.”

    MIL OSI United Nations News –

  • MIL-OSI Security: Lawton Couple Charged with Child Sex Trafficking

    Source: Office of United States Attorneys

    OKLAHOMA CITY – A federal Grand Jury has charged JACKIE ANTONIO DUNCAN, 35, and NIA HALL, 30, both of Lawton, with sex trafficking of children, sex trafficking by force, fraud, or coercion, and conspiracy to commit sex trafficking, announced U.S. Attorney Robert J. Troester. 

    According to public record, in May 2024, two juveniles ran away from a juvenile group home in Lawton, Oklahoma, and were entered into law enforcement databases as missing juveniles. One of the juveniles was located by officers with the Plano Police Department on July 16, 2024, at a motel in Collin County, Texas, where she disclosed she and the other missing juvenile had been sex-trafficked.  The juvenile told officers that after she and the other juvenile had fled the group home, they were approached by two people, later identified as Hall and Duncan, at a gas station. The juveniles began living with Hall and Duncan, who soon after transported the juveniles to various cities in Texas, where they performed sex acts for money, which Hall and Duncan kept. In return, the juveniles were provided food and shelter. The juvenile told authorities she had recently escaped Hall and Duncan’s car in the Dallas area. On September 30, 2024, the second juvenile was found and recovered in San Antonio, Texas.  She recounted a similar story of being sex-trafficked by Hall and Duncan in exchange for food and shelter. During the investigation, local and federal law enforcement reviewed sex advertisements associated with Hall. These advertisements contained photos of the juveniles.

    Public record further reflects that Hall and Duncan were arrested on December 16, 2024. On January 21, 2025, a federal Grand Jury returned a three-count Indictment against Duncan and Hall, charging them with sex trafficking of children; sex trafficking by force, fraud, or coercion; and conspiracy to commit sex trafficking. If found guilty, Hall and Duncan face up to life in federal prison and fines of up to $250,000 on each count.

    The public is reminded these charges are merely allegations, and that the defendants are presumed innocent unless and until proven guilty beyond a reasonable doubt. 

    This case is the result of an investigation by the Bureau of Indian Affairs, FBI Oklahoma City Field Office, Lawton Police Department, Choctaw Nation Lighthorse Police Department, Oklahoma Highway Patrol, Oklahoma Bureau of Narcotics & Dangerous Drugs Control, Fort Smith Police Department, Arkansas State Police, San Antonio Police Department, Plano Police Department, and Fort Worth Police Department. Assistant U.S. Attorneys Jordan Ganz and Brandon Hale are prosecuting the case.

    Reference is made to public filings for additional information.

    MIL Security OSI –

  • MIL-OSI: AMSC to Report Third Quarter Fiscal Year 2024 Financial Results on February 5, 2025

    Source: GlobeNewswire (MIL-OSI)

    AYER, Mass., Jan. 30, 2025 (GLOBE NEWSWIRE) — AMSC® (NASDAQ: AMSC), a leading system provider of megawatt-scale power resiliency solutions that orchestrate the rhythm and harmony of power on the grid™ and protect and expand the capability of our Navy’s fleet, announced today that it plans to release its third quarter fiscal year 2024 financial results after the market close on Wednesday, February 5, 2025. In conjunction with this announcement, AMSC management will participate in a conference call with investors and covering analysts beginning at 10:00 a.m. Eastern Time on Thursday, February 6, 2025. On this call, management will discuss the Company’s recent accomplishments, financial results, and business outlook.

    Those who wish to listen to the live or archived conference call webcast should visit the “Investors” section of the Company’s website at https://www.amsc.com. The live call can be accessed 15 minutes prior to the scheduled start time by dialing 1-844-481-2802 or 1-412-317-0675 and asking to join the AMSC call.

    A replay of the call may be accessed 2 hours following the call by dialing 1-877-344-7529 and using conference passcode 9514460.

    About AMSC (Nasdaq: AMSC)

    AMSC generates the ideas, technologies and solutions that meet the world’s demand for smarter, cleaner … better energy™. Through its Gridtec™ Solutions, AMSC provides the engineering planning services and advanced grid systems that optimize network reliability, efficiency and performance. Through its Marinetec™ Solutions, AMSC provides ship protection systems and is developing propulsion and power management solutions designed to help fleets increase system efficiencies, enhance power quality and boost operational safety. Through its Windtec® Solutions, AMSC provides wind turbine electronic controls and systems, designs and engineering services that reduce the cost of wind energy. The Company’s solutions are enhancing the performance and reliability of power networks, increasing the operational safety of navy fleets, and powering gigawatts of renewable energy globally. Founded in 1987, AMSC is headquartered near Boston, Massachusetts with operations in Asia, Australia, Europe and North America. For more information, please visit www.amsc.com.

    ©2024 AMSC. AMSC, American Superconductor, NEPSI, Neeltran, D-VAR, D-VAR VVO, Amperium, Gridtec, Marinetec, Windtec, Orchestrate the Rhythm and Harmony of Power on the Grid and Smarter, Cleaner … Better Energy are trademarks or registered trademarks of American Superconductor Corporation. All other brand names, product names, trademarks, or service marks belong to their respective holders.

    The MIL Network –

  • MIL-OSI: GSI Technology, Inc. Reports Third Quarter Fiscal 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    SUNNYVALE, Calif., Jan. 30, 2025 (GLOBE NEWSWIRE) — GSI Technology, Inc. (NASDAQ: GSIT) today reported financial results for its third fiscal quarter ended December 31, 2024.

    Summary Financial Results Table (in thousands, except per share amounts)

      Three Months Ended   Nine Months Ended
      Dec. 31, 2024   Sept. 30, 2024   Dec. 31, 2023   Dec. 31, 2024   Dec. 31, 2023
    Net revenues $ 5,414     $ 4,550     $ 5,318     $ 14,635     $ 16,613  
    Gross margin (%)   54.0 %     38.6 %     55.9 %     46.7 %     55.2 %
    Operating expenses $ 6,978     $ 7,341     $ 9,660     $ 15,400     $ 25,082  
    Operating loss $ (4,055 )   $ (5,584 )   $ (6,685 )   $ (8,559 )   $ (15,917 )
    Net loss $ (4,029 )   $ (5,458 )   $ (6,601 )   $ (8,409 )   $ (15,766 )
    Net loss per share, diluted $ (0.16 )   $ (0.21 )   $ (0.26 )   $ (0.33 )   $ (0.63 )
                                           

    Lee-Lean Shu, Chairman and Chief Executive Officer, stated, “In the third quarter, revenue reached $5.4 million, up 2% year-over-year and 19% sequentially. Our core SRAM sales are strengthening as customer orders rebound due to normalized inventory levels and increasing demand from a key customer whose systems are integral to manufacturing leading AI chips. We anticipate this customer to become our largest revenue contributor in fiscal 2025.”

    Mr. Shu concluded, “The development of our APU technology is progressing steadily. The Gemini-II chip is on track for a February tape-out with availability in May, aligning with a milestone with the Space Development Agency SBIR. The latest version of Gemini-II takes AI to the next level by combining advanced neural networks with cutting-edge radar imaging technology, like Synthetic Aperture Radar (SAR), designed to tackle important challenges in defense and aerospace. We can leverage Gemini-II’s architecture to accelerate the development of Plato, our next-generation chip, with a cost-effective, faster-to-market strategy. Plato’s ultra-low-power design will target rapidly growing markets for edge AI and large language model solutions. Additionally, increased operational efficiency and SRAM sales improvement position us for stability as we continue to evaluate strategic alternatives.”

    Commenting on the outlook for GSI’s fourth quarter of fiscal 2025, Mr. Shu stated, “Our current expectations for the upcoming fourth quarter is for net revenues in a range of $5.4 million to $6.2 million, with gross margin of approximately 55% to 57%.”

    Third Quarter Fiscal Year 2025 Summary Financials

    The Company reported net revenues of $5.4 million for the third quarter of fiscal 2025, compared to $5.3 million for the third quarter of fiscal 2024 and $4.6 million for the second quarter of fiscal 2025. Gross margin was 54.0% in the third quarter of fiscal 2025 compared to 55.9% in the third quarter of fiscal 2024 and 38.6% in the preceding second quarter of fiscal 2025. The sequential increase in gross margin in the third quarter of fiscal 2025 was primarily due to higher revenue, product mix and severance costs associated with manufacturing workforce reductions in the prior quarter.

    In the third quarter of fiscal 2025, sales to Nokia were $239,000, or 4.4% of net revenues, compared to $807,000, or 15.2% of net revenues, in the same period a year ago and $812,000, or 17.8% of net revenues, in the prior quarter. Military/defense sales were 30.0% of third quarter shipments compared to 28.2% of shipments in the comparable period a year ago and 40.2% of shipments in the prior quarter. SigmaQuad sales were 39.1% of third quarter shipments compared to 46.9% in the third quarter of fiscal 2024 and 38.6% in the prior quarter.

    Total operating expenses in the third quarter of fiscal 2025 were $7.0 million, compared to $9.7 million in the third quarter of fiscal 2024 and $7.3 million in the prior quarter. Research and development expenses were $4.0 million in the third quarter of fiscal 2025, compared to $7.0 million in the prior-year period and $4.8 million in the prior quarter. Selling, general and administrative expenses were $3.0 million in the quarter ended December 31, 2024, compared to $2.7 million in the prior-year period and $2.6 million in the previous quarter.

    Third quarter fiscal 2025 operating loss was $(4.1) million compared to an operating loss of $(6.7) million in the prior-year period and $(5.6) million in the prior quarter. Third quarter fiscal 2025 net loss included interest and other income of $70,000 and a tax provision of $44,000, compared to $155,000 in interest and other income and a tax provision of $71,000 for the same period a year ago. In the preceding second quarter, net loss included interest and other income of $149,000 and a tax provision of $23,000.

    Net loss in the third quarter of fiscal 2025 was $(4.0) million, or $(0.16) per diluted share, compared to a net loss of $(6.6) million, or $(0.26) per diluted share, for the third quarter of fiscal 2024 and a net loss of $(5.5) million, or $(0.21) per diluted share, for the second quarter of fiscal 2025.

    Total third quarter pre-tax stock-based compensation expense was $429,000 compared to $649,000 in the comparable quarter a year ago and $663,000 in the prior quarter.

    At December 31, 2024, the Company had $15.1 million in cash and cash equivalents, compared to $14.4 million at March 31, 2024. Working capital was $17.9 million as of December 31, 2024 versus $19.1 million at March 31, 2024. Stockholders’ equity as of December 31, 2024 was $29.9 million, compared to $36.0 million as of the fiscal year ended March 31, 2024.

    Conference Call

    Management will conduct a conference call to review the Company’s financial results for the third quarter of fiscal year 2025 and its current outlook for the fourth quarter of fiscal 2025 at 1:30 p.m. Pacific time (4:30 p.m. Eastern Time) today.

    To participate in the call, please dial 1-877-407-3982 in the U.S. or 1-201-493-6780 for international approximately 10 minutes prior to the above start time and provide Conference ID 13751185. The call will also be streamed live via the internet at www.gsitechnology.com.

    A replay will be available from January 30, 2025, at 7:30 p.m. Eastern Time through February 6, 2025, at 11:59 p.m. Eastern Time by dialing toll-free for the U.S. 1-844-512-2921 or international 1-412-317-6671 and entering pin number 13751185. A webcast of the call will be archived on the Company’s investor relations website under the Events and Presentations tab.

    About GSI Technology

    Founded in 1995, GSI Technology, Inc. is a leading provider of semiconductor memory solutions. GSI’s resources are focused on bringing new products to market that leverage existing core strengths, including radiation-hardened memory products for extreme environments and Gemini-I, the associative processing unit designed to deliver performance advantages for diverse artificial intelligence applications. GSI Technology is headquartered in Sunnyvale, California, and has sales offices in the Americas, Europe, and Asia. For more information, please visit www.gsitechnology.com.

    Forward-Looking Statements

    The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding GSI Technology’s expectations, beliefs, intentions, or strategies regarding the future. All forward-looking statements included in this press release are based upon information available to GSI Technology as of the date hereof, and GSI Technology assumes no obligation to update any such forward-looking statements. Forward-looking statements involve a variety of risks and uncertainties, which could cause actual results to differ materially from those projected. These risks include those associated with the normal quarterly and fiscal year-end closing process. Examples of risks that could affect our current expectations regarding future revenues and gross margins include those associated with fluctuations in GSI Technology’s operating results; GSI Technology’s historical dependence on sales to a limited number of customers and fluctuations in the mix of customers and products in any period; global public health crises that reduce economic activity; the rapidly evolving markets for GSI Technology’s products and uncertainty regarding the development of these markets; the need to develop and introduce new products to offset the historical decline in the average unit selling price of GSI Technology’s products; the challenges of rapid growth followed by periods of contraction; intensive competition; delays or unanticipated costs that may be encountered in the development of new products based on our in-place associative computing technology and the establishment of new markets and customer and partner relationships for the sale of such products; and delays or unexpected challenges related to the establishment of customer relationships and orders for GSI Technology’s radiation-hardened and tolerant SRAM products. Many of these risks are currently amplified by and will continue to be amplified by, or in the future may be amplified by, economic and geopolitical conditions, such as changing interest rates, worldwide inflationary pressures, military conflicts and declines in the global economic environment. Further information regarding these and other risks relating to GSI Technology’s business is contained in the Company’s filings with the Securities and Exchange Commission, including those factors discussed under the caption “Risk Factors” in such filings.

    Source: GSI Technology, Inc.

    Contacts:

    Investor Relations:

    Hayden IR
    Kim Rogers
    385-831-7337
    kim@haydenir.com

    Media Relations:

    Finn Partners for GSI Technology
    Ricca Silverio
    415-348-2724
    gsi@finnpartners.com

    Company:

    GSI Technology, Inc.
    Douglas M. Schirle
    Chief Financial Officer
    408-331-9802

    GSI TECHNOLOGY, INC.
    CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
    (in thousands, except per share data)
    (Unaudited)
                       
            Three Months Ended   Nine Months Ended
            Dec. 31,
    		   Sept. 30,
    		   Dec. 31,   Dec. 31,
    		   Dec. 31,
              2024       2024       2023       2024       2023  
                       
    Net revenues $ 5,414     $ 4,550     $ 5,318     $ 14,635     $ 16,613  
    Cost of goods sold   2,491       2,793       2,343       7,794       7,448  
                       
    Gross profit    2,923       1,757       2,975       6,841       9,165  
                       
    Operating expenses:            
                       
      Research & development   4,037       4,788       6,976       13,039       16,871  
      Selling, general and administrative   2,997       2,553       2,684       8,154       8,211  
      Gain from sale of assets   (56 )     –       –       (5,793 )     –  
          Total operating expenses   6,978       7,341       9,660       15,400       25,082  
                       
    Operating loss   (4,055 )     (5,584 )     (6,685 )     (8,559 )     (15,917 )
                       
    Interest and other income, net   70       149       155       274       306  
                       
    Loss before income taxes   (3,985 )     (5,435 )     (6,530 )     (8,285 )     (15,611 )
    Provision for income taxes   44       23       71       124       155  
    Net loss   $ (4,029 )   $ (5,458 )   $ (6,601 )   $ (8,409 )   $ (15,766 )
                       
                       
    Net loss per share, basic $ (0.16 )   $ (0.21 )   $ (0.26 )   $ (0.33 )   $ (0.63 )
    Net loss per share, diluted $ (0.16 )   $ (0.21 )   $ (0.26 )   $ (0.33 )   $ (0.63 )
                       
    Weighted-average shares used in            
         computing per share amounts:            
                       
    Basic     25,546       25,467       25,256       25,463       25,094  
    Diluted     25,546       25,467       25,256       25,463       25,094  
                       
                       
    Stock-based compensation included in the Condensed Consolidated Statements of Operations:  
                       
            Three Months Ended   Nine Months Ended
            Dec. 31,
    		   Sept. 30,
    		   Dec. 31,   Dec. 31,
    		   Dec. 31,
              2024       2024       2023       2024       2023  
                       
    Cost of goods sold $ 50     $ 51     $ 51     $ 157     $ 175  
    Research & development   121       336       325       747       1,080  
    Selling, general and administrative   258       276       273       846       890  
            $ 429     $ 663     $ 649     $ 1,750     $ 2,145  
                       
    GSI TECHNOLOGY, INC.
    CONDENSED CONSOLIDATED BALANCE SHEETS
    (in thousands)
    (Unaudited)
             
        Dec. 31, 2024   March 31, 2024
    Cash and cash equivalents $ 15,085   $ 14,429
    Accounts receivable   3,583     3,118
    Inventory   3,885     4,977
    Other current assets   1,267     1,954
    Assets held for sale   –     5,629
    Net property and equipment   883     1,148
    Operating lease right-of-use assets   9,858     1,553
    Other assets   9,572     9,656
    Total assets $ 44,133   $ 42,464
             
    Current liabilities $ 5,900   $ 5,365
    Long-term liabilities   8,300     1,129
    Stockholders’ equity   29,933     35,970
    Total liabilities and stockholders’ equity $ 44,133   $ 42,464
             

    The MIL Network –

  • MIL-OSI USA: Markey, Pressley Bill Renaming Post Office on Dorchester Ave Signed into Law Last Month by President Biden

    US Senate News:

    Source: United States Senator for Massachusetts Ed Markey
    Washington (January, 29, 2025) – Today, Senator Edward J. Markey (D-Mass.) and Congresswoman Ayanna Pressley (MA-07) marked the Lunar New Year by celebrating the enactment of their legislation to name the U.S. Postal Service office on Dorchester Avenue in Boston after the late Caroline Chang (1940-2018), a community leader and lifelong AAPI activist in Boston’s Chinatown community. The bill passed the House in February of last year and was signed into law by President Biden in November.
    “I am proud that our legislation to honor community leader, public servant, and activist Caroline Chang is law,” said Senator Markey. “Caroline Chang played an instrumental role in Boston’s Asian American community and her decades of public service to her community will now finally be physically memorialized.”
    “Who we honor in our federal buildings and monuments matters, and I am so thrilled that Caroline Chang is getting the recognition she deserves for her lifelong service to Boston, the Massachusetts 7th, and our Commonwealth,” said Congresswoman Pressley. “I was especially honored to celebrate the Lunar New Year with Caroline’s family and celebrate the enactment of this bill, the very first federal building in the Commonwealth to be named in honor of an AAPI individual. This is a living tribute to her life, values, and incredible impact she’s had on Boston’s Chinatown community and beyond. I’m grateful to Caroline’s family, our community partners, our Senate colleagues, and President Biden for working with us to get this bill over the finish line.”
    “Caroline dedicated her life to ensure all people were treated equally and fairly. Born to an immigrant family, Caroline spoke for those who couldn’t speak for themselves. She saw firsthand, discrimination towards her community and did something about it. She recognized the deficiencies in health care in minority neighborhoods, and did something about it. She recognized shortages in affordable housing, and did something about it. Her career and achievements will forever be remembered through the dedication of this post office in her name,” said Russell Eng, Caroline Chang’s nephew. “Our family is proud of Caroline’s work, and are very grateful to Congresswoman Pressley, her incredible staff, the Massachusetts delegation to Congress and the Senate, President Biden for signing this law, and especially the Asian Community of Massachusetts for nominating her.
    “The Asian American community is forever great full for the work of Caroline Chang in uplifting the needs and rights of the Chinese Immigrant community. She is a pioneer in our community to fight for equal access to government resources for the public good. Many of our non profit community organizations such as South Cove Health Center, Asian American Civil Association, Asian American  Community Development Corporation and Chinese Historical Society are the fruit of Caroline’s work,” said Suzanne Lee, Founder of Chinese Progressive Association. “We are excited to have the Post Office named in honor of her. There’s no better representation of public service than Caroline Chang.”
    There are currently 617 postal facilities in Massachusetts. Of those facilities renamed, only one honors a woman and five honor a person of color. With the enactment of this bill, the USPS office at 25 Dorchester Avenue is now the first federal building in Massachusetts to be named after an AAPI individual.
    Caroline Chang spent her life serving the Boston Chinatown community. Born and raised in Chinatown, Caroline served as an interpreter in her early life for community members seeking medical care. In 1970, Boston Mayor Kevin White appointed Chang as the manager of Chinatown’s Little City Hall, where she advocated on behalf of residents. Chang went on to receive her law degree from Suffolk Law School in 1970 and spent more than 30 years with the United States Department of Health and Human Services as the Regional Manager for the Office for Civil Rights, making her the highest-ranking Asian American in the federal government in New England at the time.
    Throughout her years of public service, Caroline Chang played a founding role in several organizations that continue to serve the Boston Chinatown community, including:
    The South Cove Community Health Center
    The Asian Community Development Corporation (ACDC)
    The Chinese Historical Society of New England (CHSNE)
    The Harry H. Dow Memorial Legal Assistance Fund
    The Asian American Civic Association (AACA)
    The Greater Boston Chinese Golden Age Center
    A copy of the bill text can be found here, and Caroline’s biography is available here. 

    MIL OSI USA News –

  • MIL-OSI Submissions: Tech and Employment – Report: Over 280,000 employees in the tech sector laid off in 2024, another 11,000 job cuts in 2025 – Associated News Network

    Source: Associated News Network

    As new rounds of mass layoffs at major technology companies are being announced in 2025, I am reaching out with our latest report, examining the workforce reductions that occurred around the world in 2024. We also discovered at least 11,000 employees in the technology sector have lost their jobs since the beginning of the year.

    The team at RationalFX aggregated layoff announcements sourced from U.S. WARN notices, the job portal TrueUp, TechCrunch and the Layoffs.fyi layoff tracker for the entirety of 2024. We also looked into the latest layoffs since the beginning of January 2025, focusing on companies in the technology sector.

    According to our research, at least 280,991 employees in tech companies were laid off last year, while January brought another 11,299 job reductions from major companies, including Meta, Microsoft, and Amazon.

    Here are a few key takeaways from the report:

    • Globally, 280,991 layoffs occurred in the tech sector in 2024. In the U.S. alone, 267 companies reduced their workforce with a combined 157,950 job losses.
    • More than half of all layoffs in the tech sector were initiated by U.S.-based companies (157,950 or 56.21% of all), followed by 19,495 job cuts in German companies, 14,740 layoffs in South Korean firms, 14,675 layoffs in Chinese ones, and 12,608 job cuts in companies based in Japan.
    • The tech company with the most significant layoffs in 2024 was U.S. PC maker Dell, which reduced its headcount by 18,500, followed by Intel (15,100 layoffs), and Amazon (14,968 layoffs).
    • California is the U.S. state with the most tech sector layoffs, accounting for 40.4% of all job cuts in the U.S. and roughly 22.7% of all tech layoffs in the world. In 2024, 126 California-based tech firms laid off a combined 63,791 employees.
    • In January 2025, another 11,299 employees in tech companies lost their positions, with this number representing only the confirmed layoffs. Thousands more have been left unemployed with no official statement by their employers.

    Together, the 21 companies with the largest layoffs in 2024 announced a total of 156,654 job reductions. The wave of layoffs continues as companies focus on cutting costs, downsizing, and streamlining operations following significant hiring sprees during the COVID-19 pandemic. Investments in artificial intelligence have also pushed the number of layoffs high as simpler, repetitive tasks are assigned to AI systems, while human workers are either transferred to other departments or laid off.

    Further details about the layoffs in the tech sector and the reasons for job reductions, as well as the complete methodology behind our research, are available in the full report.  (ref. https://www.rationalfx.com/forex-brokers/the-tech-industrys-workforce-crisis-2024s-layoffs-surpass-280000-and-continue-in-2025/ )

    Daniel Lane
    Data Analyst
    AssociatedNews Network

    MIL OSI – Submitted News –

  • MIL-OSI USA: Tillis Introduces Kash Patel at Nomination Hearing to be Director of the FBI

    US Senate News:

    Source: United States Senator for North Carolina Thom Tillis

    WASHINGTON, D.C. – Today, Senator Thom Tillis, a member of the Senate Judiciary Committee, introduced Kash Patel at his nomination hearing before the Senate Judiciary Committee to be the Director of the Federal Bureau of Investigation (FBI).

    Watch the introduction here.

    Read Senator Tillis’ statement below:

    Chairman Grassley, Ranking Member Durbin and my colleagues on the Senate Judiciary Committee, it’s my honor to introduce Kash Patel, President Trump’s nominee to be FBI Director. I’ve completed due diligence on his life and career, and I’m convinced Kash possesses significant expertise and an ironclad commitment to justice. I have concluded he’s an outstanding choice to lead the FBI. 

    Kash’s parents are Indian immigrants of Gujarati ancestry. The Gujarat state is a melting pot of religions, including Hinduism, Islam, and Jainism, with temples, mosques, and other religious sites scattered across the state.  His father was raised in Uganda, but his family fled the country to escape repression under Idi Amin. His mother was born and raised in Tanzania. They met and married in India and ultimately made their way to New York City by way of Canada, where his parents along with 7 brothers and sisters, their spouses, and at least a half dozen kids lived under the same roof. His parents raised Kash in the Hindu faith, and they instilled in him the values of hard work and education.  Kash is a devout Hindu, and consistent with his faith, he has shown respect to people of all faiths.

    Kash attended the University of Richmond, where he earned his bachelor’s degree in criminal justice and history. He went to Pace University School of Law, where he earned his JD and an International Law Certificate from the University College of London, Faculty of Laws.

    Kash began his career as a public defender in Florida where he led or co-led more than 60 jury trials to verdict in state and federal courts. Kash has clearly demonstrated devotion to upholding the rule of law and defending the rights of individuals.

    Kash led the defense of Jose Buitrago in United States v. Buitrago, a high-profile drug case in Florida in 2015.  Buitrago was one of the Colombian nationals arrested in a major drug bust involving Operation BACRIM. Kash and his co-counsel successfully argued that key evidence was withheld by the prosecution, leading to Buitrago’s release. I suspect some of Kash’s disdain for prosecutorial misconduct stems from this firsthand experience. 

    Kash was hired as senior counsel on the House Permanent Select Committee on Intelligence in 2017. He told me he distinctly remembers my friend Trey Gowdy’s comment shortly after they were introduced. He said, “Kash, Congress is where righteous investigations go to die, I hope you’re ready.” Kash wasready and he went on to establish a solid reputation for pursuing the facts. From there, he held senior posts at the NSC, DoD, and DNI.

    Since leaving the administration after 2020, Kash has written articles and books on national security, law, and governance. Through his work as an author, Kash continues to advocate for justice and transparency and to be ever vigilant in defending our great democracy and the rule of law.

    Colleagues, I’ve created a Kash BINGO that is available to any of my colleagues who would like on the other side of the aisle. Some may view this as an unserious caricature and not appropriate for this committee, but sadly I consider it a serious caricature of what I expect to be witnessed today. I think we will have words like “enemies list” and “deep state”, but the fact of the matter is some people will be here to substantiate a false narrative. At worst, they may just be going through an unfounded litany of quote and half quote and half-truths, some that have already been dispelled in the Chairman’s opening statement. 

    In my 10 years in the Senate, I hope I have established a reputation for being fair, doing my homework, and taking tough positions that have been met with harsh criticism. Heck, I’ve been censured by my party for taking tough positions, and I stand by those positions today and my position to support Kash Patel. 

    When President Trump announced his intent to nominate Kash, I contacted Trey Gowdy and others who’ve worked with Kash, and they gave glowing recommendations. So, I called Kash on December 2nd and offered to help with his nomination. Since then, we’ve spent hours together in person and on the phone.

    I’ve asked him difficult questions and I’ve urged him to reach out to members across the aisle. He’s met with 60 members of the U.S. Senate, including several members of this committee.

    Chair Grassley, Ranking Member Durbin, friends, and colleagues on the committee. I’ve completed my due diligence on Kash Patel, and I am honored to provide my strongest recommendation for his confirmation.  

    MIL OSI USA News –

  • MIL-OSI USA News: Fact Sheet: President Donald J. Trump Expands Educational Opportunities for American Families

    Source: The White House

    DEFENDING PARENTAL RIGHTS AND EDUCATIONAL OPPORTUNITY: Today, President Donald J. Trump signed an Executive Order expanding educational freedom and opportunity for families. It recognizes that parents, not the government, play a fundamental role in choosing and directing the upbringing and education of their children.

    • It directs the Department of Education to issue guidance on how the States can use federal funding formulas to support their K-12 scholarship programs.
    • It directs the Secretary of Education to prioritize school choice programs in the Department’s discretionary grant programs.
    • The Order requires the Department of Health and Human Services to issue guidance on how states receiving block grants for children and families can use those funds to support educational alternatives, including private and faith-based options.
    • It directs the Secretary of Defense to submit a plan to the President for how military families can use Department of Defense funds to send their children to the school of their choice.
    • The Order also directs the Secretary of the Interior to submit a plan to the President for how families with students attending Bureau of Indian Education schools can use federal funds to send their children to the school of their choice.

    EMPOWERING PARENTS AND STUDENTS THROUGH SCHOOL CHOICE: Every child deserves the best education available, regardless of their zip code. However, for generations, our government-assigned education system has failed millions of parents, students, and teachers. This Executive Order begins to rectify that wrong by opening up opportunities for students to attend the school that best fits their needs.

    • According to the latest National Assessment of Educational Progress (NAEP), 70% of 8th graders were below proficient in reading and 72% were below proficient in math. 40% of 4th graders did not even meet the basic reading levels. 
    • Standardized test scores have essentially been flat for over 30 years, despite hundreds of billions of dollars spent on government-run education.
    • A dozen states have universal or near universal school choice programs and 33 states have some form of school choice program.
    • School choice programs have a strong record of improving students’ academic performance.
    • School choice has proven to be cost effective and saves taxpayer dollars.
    • Parents report higher levels of school safety for their children who participate in school choice programs.
    • Support for school choice is overwhelming, with 70% of Democrats, 73% of Black Americans, and 69% of Hispanic Americans in favor of it.
    • President Trump is dedicated to ensuring every child has the opportunity to receive a world-class education.

    FULFILLING THE PROMISE TO STRENGTHEN EDUCATION THROUGH FREEDOM AND OPPORTUNITY: President Trump promised to bring school choice to every family in the Nation. Today’s historic executive order is a critical step in delivering on that promise, and builds on the long list of accomplishments from the first Trump Administration, including:

    • Calling on Congress to pass the School Choice Now Act and the Education Freedom Scholarships and Opportunity Act.
    • Providing in-person learning options for low-income parents forced to send their children to virtual school during the pandemic.
    • Re-authorizing the D.C. Opportunity Scholarship program twice.
    • Investing nearly $1.5 billion in the development of public charter schools, helping this innovative sector grow to 7,500 charter schools serving more than 3 million students.
    • Allowing parents across the nation to withdraw up to $10,000 tax-free per year from 529 education savings plans to cover public, private, or religious K-12 schooling costs, thanks to the President’s historic tax cuts.

    Parents can be confident that under his Administration, President Trump will provide every available opportunity for parents to enrich the education of their children through individual choice.

    MIL OSI USA News –

  • MIL-OSI Security: U.S. Attorney’s Office Collects $17,444,425 In Civil And Criminal Actions In Fiscal Year 2024

    Source: Office of United States Attorneys

    SCRANTON – Acting U.S. Attorney John C. Gurganus announced today that the Middle District of Pennsylvania collected $17,444,425 in criminal and civil actions in Fiscal Year 2024. Of this amount, $3,588,583 was collected in criminal actions and $13,855,841 was collected in civil actions.

    The Middle District of Pennsylvania also worked with other U.S. Attorney’s Offices and components of the Department of Justice to collect an additional $5,108,801 in cases pursued jointly by these offices. Of this amount, $16,233 was collected in criminal actions and $5,092,567 was collected in civil actions.     

    “The U.S. Attorney’s Office is committed to working for victims of crime and do what we can to make them whole,” said Acting U.S. Attorney John C. Gurganus. “We collect restitution from convicted defendants on behalf of crime victims, we work to forfeit the ill-gotten gains that defendants obtain through illegal means, and we fight to get back money owed to taxpayers in criminal and civil cases. I am proud to say that we have collected millions of dollars over the last year for the taxpayers and for crime victims in our district.”

    The U.S. Attorneys’ Offices, along with the department’s litigating divisions, are responsible for enforcing and collecting civil and criminal debts owed to the U.S. and criminal debts owed to federal crime victims. The law requires defendants to pay restitution to victims of certain federal crimes who have suffered a physical injury or financial loss. While restitution is paid to the victim, criminal fines and felony assessments are paid to the department’s Crime Victims Fund, which distributes the funds collected to federal and state victim compensation and victim assistance programs.

        For example:

    • Penn State Health is a multi-hospital system and offers Annual Wellness Visits which are reimbursable through Medicare. In 2023, Penn State Health made a self-disclosure to the U.S. Attorney’s Office.  The U.S. Attorney’s Office found that between December 1, 2015 and November 30, 2022, Penn State Health submitted claims for Annual Wellness Visits that were not supported by the wellness record.  A settlement agreement was entered into in February 2024, in which Penn State health agreed to pay $11,712,336.
    • Defendant Jimmy Tran owned and operated a small food market and convenience store, Asia Market, in Harrisburg, PA.  The store was approved to participate in SNAP.  From January 2017 – August 2020, the defendant traded SNAP benefits in exchange for cash.  The total amount of SNAP benefits that were illegally exchanged for cash is $1,843,534.00. The payment of $299,174.60 was due to forfeiture/restoration.

    Additionally, the U.S. Attorney’s office in the Middle District of Pennsylvania, working with partner agencies and divisions, collected $1,311,135 in asset forfeiture actions in FY 2024. Forfeited assets deposited into the Department of Justice Assets Forfeiture Fund are used to restore funds to crime victims and for a variety of law enforcement purposes.

    ###

    MIL Security OSI –

  • MIL-OSI Global: International students’ housing challenges call for policy action

    Source: The Conversation – Canada – By Edward R. Howe, Professor, School of Education, Thompson Rivers University

    Canada is a top destination for international students, with over one million studying at various levels in 2023. International students contribute billions of dollars to the Canadian economy and much more to our social fabric.

    But recent policy changes and increased public scrutiny have created a challenging environment for these students and the higher education institutions that host them.

    After a decade of rapid growth, the federal government has implemented a two-year cap on international student permits, reducing undergraduate admissions by 35 per cent in 2024 and an additional 10 per cent in 2025.

    This controversial decision aims to address growing concerns about the impact of international students and unchecked immigration on Canada’s economy, housing and public services.

    An ongoing longitudinal research study at Thompson Rivers University (TRU) , which engages international students’ views and experiences through both surveys and interviews, sheds light on the lived experiences of international students amid these dramatic policy shifts. I have led this research with international graduate student research assistants.

    Shifts from 2016 to 2024: housing

    The first round of our study drew on a 2016 survey of more than 100 international students at TRU, and interviews with 14 from the same pool. We recently surveyed a further 215 international TRU students and conducted in-depth interviews with 14 more participants from various nations including India and China, across a range of undergraduate and graduate programs.

    Our newest research findings revealed major challenges faced by international students, particularly in housing and finances. This echoes other findings that indicate the housing situation for international students has worsened over the past decade.

    Over 55 per cent of students reported difficulties finding suitable accommodations, with many experiencing systemic racial discrimination in the rental market. Financial struggles were also prevalent, with about one-third of participants indicating insufficient financial support or uncertainty about their financial situation.



    Read more:
    International students are not to blame for Canada’s housing crisis

    Racism, concern for post-graduate work

    On a positive note, fewer students reported experiencing racism on campus in 2024 than in 2016.

    In 2016, when students were asked to say to what extent they agreed with the statement “I encountered racism at university,” there were a wide range of statements: 14 per cent strongly agreed and 21 per cent agreed; 25 per cent strongly disagreed; 16 per cent disagreed and 23 per cent were undecided.

    This was the only question that had such a pattern of responses spread evenly across the five-point scale. In 2024, only 13.5 per cent agreed or strongly agreed with this statement.

    But in interviews, many students commented upon encountering racism and exploitation when job hunting or searching for housing accommodations. For example, one student reported that when seeking to renegotiate a lease due to problems with a roommate, the landlord threatened to take action to revoke their student visa.



    Read more:
    International university grads speak about aspirations and barriers

    In surveys and interviews, students lamented the dearth of co-op programs, work-integrated learning and experiential opportunities for their future success in Canada. This aligns with recent data from the Canadian Bureau for International Education, which found that 70 per cent of international students plan to apply for post-graduate work permits, and 57 per cent intend to seek permanent residency.

    Students’ thoughts on ‘internationalization’

    Our recent study also asked students their thoughts on “internationalization,” as universities and government policy have used this term to promote Canada as an international, global and multicultural society with globally focused curricula and opportunities for international study abroad.

    Students’ responses fell into three main themes: cross-cultural exchange, mutual learning and community building, and personal growth through international experiences. These findings were consistent across different nationalities and genders, suggesting a shared understanding of internationalization among diverse student groups.

    A student carrying a backpack walks on campus at Trinity Western University in Langley, B.C., in 2017.

    To address these challenges and support international students, our research recommends that universities continue to diversify their pools of international students by increasing scholarships for students from marginalized regions.

    This matters in the wake of the recent announcement to reduce immigration targets from 485,000 in 2024 to 365,000 by 2027. This policy direction creates uncertainty for many international students hoping to build their futures in Canada.

    This shift comes as public support for immigration has dramatically decreased, reaching an all-time low. Fifty-eight per cent of Canadians now believe the country accepts too many immigrants — a 31-point increase since 2022.

    We also suggest fostering deeper cross-cultural understanding among university staff and domestic students, establishing program-specific student support centres with peer mentoring. The fragile school-to-work transition needs to be better facilitated through co-op education and other work-integrated learning opportunities. Action from policymakers to address systemic barriers in housing and employment is also needed.

    Welcoming destination for global talent

    International students contribute significantly to Canada’s economy, cultural diversity and multicultural society.

    Government, educators, universities and employers have roles to play in reframing the “internationalization” of higher education. There is a need to balance economic rationales with social and academic outcomes, including a focus on global citizenship education for all students.

    In the shadow of Donald Trump’s second presidency in the United States, which is amplifying xenophobic rhetoric and action against migrants, and amid major shifts in Canada’s federal landscape, it is important to take inventory of how changing government immigration policies can have a profound impact on Canada.

    It is crucial to consider the perspectives of international students. Their insights matter for helping to shape policies and practices that affect their educational experiences, future opportunities in Canada and the very social fabric of Canada.

    By addressing students’ challenges and the barriers they encounter, and by supporting their successes, we can ensure that Canada remains a welcoming destination for global talent.

    Surbhi Sagar and Athira Pushpamgathan contributed to this research and co-authored this story.

    Edward R. Howe does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. International students’ housing challenges call for policy action – https://theconversation.com/international-students-housing-challenges-call-for-policy-action-230833

    MIL OSI – Global Reports –

  • MIL-OSI United Nations: Secretary-General Calls on All Conflict Parties in Myanmar to Exercise Maximum Restraint

    Source: United Nations General Assembly and Security Council

    The following statement was issued today by the Spokesman for UN Secretary-General António Guterres:

    Four years since the military seized power and arbitrarily detained members of the democratically elected Government on 1 February 2021, the situation in Myanmar continues to deteriorate, with devastating consequences for civilians.

    The Secretary-General condemns all forms of violence and calls on all parties to the conflict to exercise maximum restraint, uphold human rights and international humanitarian law, and prevent further incitement of violence and intercommunal tensions.  He reiterates his concern regarding the military’s stated intention to hold elections amid intensifying conflict, including aerial bombardment and widespread human rights violations and without conditions that permit the people of Myanmar to freely and peacefully exercise their political rights, including safety and security.

    Over 19.9 million people in Myanmar — more than one third of its population — need humanitarian assistance, compared to 1 million before the military took over four years ago.  Unimpeded access must be assured to enable the UN and its partners to continue to deliver humanitarian assistance and essential services.

    The Secretary-General renews his calls for greater cooperation among all stakeholders to bring an end to the hostilities and help the people of Myanmar forge a path towards an inclusive democratic transition and return to civilian rule.  The Secretary-General also appeals to countries in the region to grant access to safety and protection for those fleeing conflict and persecution and for the international community to provide greater support to countries, including Bangladesh, hosting refugees from Myanmar.

    The Secretary-General’s Special Envoy, Julie Bishop, remains actively engaged with all stakeholders, in close cooperation with the Association of Southeast Asian Nations (ASEAN), in the search of a Myanmar-led resolution to the crisis.

    A viable future for Myanmar must ensure safety, accountability and opportunity for all its communities, including the Rohingya, and address the root causes of conflict, discrimination and disenfranchisement in all its forms.  The Secretary-General reaffirms the unwavering support of the United Nations to the people of Myanmar in these efforts.

    MIL OSI United Nations News –

  • MIL-OSI USA: 2 Disaster Recovery Centers Remain Open This Week

    Source: US Federal Emergency Management Agency

    Headline: 2 Disaster Recovery Centers Remain Open This Week

    2 Disaster Recovery Centers Remain Open This Week

    COLUMBIA, S.C. – Although the deadline to apply for FEMA Individual Assistance has passed, the Disaster Recovery Centers in Chester and Greenwood counties remain open until Jan. 31. Chester County Gateway Conference Center, 3200 Commerce Drive, Suite A, Richburg, SC 29729Open Jan. 30-31, 8 a.m.-5 p.m.Greenwood CountyUnited Way of the Lakelands, 929 Phoenix St., Greenwood, SC 29646Open Jan. 30-31, 9 a.m.-5 p.m. FEMA is encouraging South Carolinians affected by Hurricane Helene to visit these centers for in-person assistance as soon as possible. You can visit any open center to meet with representatives of FEMA, the state of South Carolina and the U.S. Small Business Administration. No appointment is needed. Homeowners and renters in Abbeville, Aiken, Allendale, Anderson, Bamberg, Barnwell, Beaufort, Cherokee, Chester, Edgefield, Fairfield, Greenville, Greenwood, Hampton, Jasper, Kershaw, Laurens, Lexington, McCormick, Newberry, Oconee, Orangeburg, Pickens, Richland, Saluda, Spartanburg, Union and York counties and the Catawba Indian Nation can apply for federal assistance.The quickest way to receive updates is to go online to DisasterAssistance.gov. You can also visit a Disaster Recovery Center, or use the FEMA App for mobile devices or by calling toll-free 800-621-3362. The telephone line is open every day, and the help is available in many languages. If you use a relay service, such as Video Relay Service (VRS), captioned telephone or other service, give FEMA your number for that service. For a video with American Sign Language, voiceover and open captions about how to apply for FEMA assistance, select this link.FEMA programs are accessible to survivors with disabilities and others with access and functional needs. 
    martyce.allenjr
    Thu, 01/30/2025 – 19:17

    MIL OSI USA News –

  • MIL-OSI USA: DBEDT NEWS RELEASE: VISITOR INDUSTRY CONTINUED IMPROVEMENT IN DECEMBER 2024

    Source: US State of Hawaii

    DBEDT NEWS RELEASE: VISITOR INDUSTRY CONTINUED IMPROVEMENT IN DECEMBER 2024

    Posted on Jan 30, 2025 in Latest Department News, Newsroom

    STATE OF HAWAIʻI

    KA MOKU ʻĀINA O HAWAIʻI

     

    DEPARTMENT OF BUSINESS, ECONOMIC DEVELOPMENT AND TOURISM

    KA ʻOIHANA HOʻOMOHALA PĀʻOIHANA, ʻIMI WAIWAI A HOʻOMĀKAʻIKAʻI

     

    RESEARCH AND ECONOMIC ANALYSIS DIVISION

     

    JOSH GREEN, M.D.
    GOVERNOR

    KE KIAʻĀINA

     

    JAMES KUNANE TOKIOKA

    DIRECTOR

    KA LUNA HOʻOKELE

     

    1. EUGENE TIAN

    CHIEF STATE ECONOMIST

     

    VISITOR INDUSTRY CONTINUED IMPROVEMENT IN DECEMBER 2024

     

     

    FOR IMMEDIATE RELEASE

    January 30, 2025

     

    HONOLULU – According to preliminary statistics from the Department of Business, Economic Development and Tourism (DBEDT), there were 910,055 visitors to the Hawaiian Islands in December 2024, a 5.5 percent growth compared to the same month last year. Total visitor spending measured in nominal dollars was $2.04 billion, up 4.7 percent from December 2023. December marked the fifth straight month with year-over-year growth in both visitor arrivals and expenditures. Total visitor arrivals in December 2024 represent a 95.5 percent recovery rate from pre-pandemic December 2019 (952,441, -4.5%) and total nominal visitor spending increased compared to December 2019 ($1.75 billion, +16.6%).

    In December 2024, 892,000 visitors arrived by air service, mainly from the U.S. West and U.S. East. Additionally, 18,055 visitors arrived via out-of-state cruise ships. In comparison, 847,257 visitors (+5.3%) arrived by air and 15,191 visitors (+18.9%) came by cruise ships in December 2023, and 941,128 visitors (-5.2%) came by air and 11,313 visitors (+59.6%) came by cruise ships in December 2019.

    The average length of stay by all visitors in December 2024 was 9.10 days, which was shorter than December 2023 (9.34 days, -2.7%) and December 2019 (9.27 days, -1.9%). The statewide average daily census was 267,000 visitors in December 2024, compared to 259,938 visitors (+2.7%) in December 2023 and 284,924 visitors (-6.3%) in December 2019.

    In December 2024, 452,023 visitors arrived from the U.S. West, an increase from December 2023 (424,808 visitors, +6.4%) and December 2019 (418,520 visitors, +8.0%). U.S. West visitor spending of $922.4 million grew compared to December 2023 ($856.3 million, +7.7%) and was much higher than December 2019 ($697.6 million, +32.2%). Daily spending by U.S. West visitors in December 2024 ($230 per person) increased compared to December 2023 ($226 per person, +1.9%) and was considerably more than December 2019 ($180 per person, +27.7%).

    In December 2024, 228,169 visitors arrived from the U.S. East, up from December 2023 (209,574 visitors, +8.9%) and from December 2019 (215,358 visitors, +5.9%). U.S. East visitor spending of $609.4 million increased from December 2023 ($557.6 million, +9.3%) and December 2019 ($488.3 million, +24.8%). Daily spending by U.S. East visitors in December 2024 ($264 per person) was higher than December 2023 ($259 per person, +2.1%) and December 2019 ($217 per person, +21.5%).

    There were 70,825 visitors from Japan in December 2024, a slight growth from December 2023 (70,348 visitors, +0.7%), but significantly fewer than December 2019 (136,635 visitors,
    -48.2%). Although there were slightly more visitors in December 2024, their shorter length of stay (6.19 days, -5.5%) and lower daily spending ($238 per person, -4.0%) resulted in decreased total Japanese visitor spending ($104.4 million, -8.7%) compared to December 2023. Total Japanese visitor spending ($210.9 million, -50.5%) was down considerably and daily spending ($260 per person, -8.5%) was less compared to December 2019.

    In December 2024, 53,203 visitors arrived from Canada, a decrease from December 2023 (57,885 visitors, -8.1%) and December 2019 (64,182 visitors, -17.1%). Visitors from Canada spent $129.9 million in December 2024, compared to $158.6 million (-18.1%) in December 2023 and $129.6 million (+0.2%) in December 2019. Daily spending by Canadian visitors in December 2024 ($225 per person) was slightly lower compared to December 2023 ($227 per person, -0.8%), but significantly more than December 2019 ($159 per person, +41.7%).

    There were 87,779 visitors from all other international markets in December 2024, comprising visitors from Oceania, Other Asia, Europe, Latin America, Guam, the Philippines, the Pacific Islands and other regions. In comparison, there were 84,643 visitors (+3.7%) from all other international markets in December 2023 and 106,434 visitors (-17.5%) in December 2019.

    Air capacity to the Hawaiian Islands in December 2024 (5,366 transpacific flights with 1,194,302 seats) increased compared to December 2023 (5,121 flights, +4.8% with 1,127,084 seats, +6.0%), but declined from December 2019 (5,676 flights, -5.5% with 1,252,958 seats,
    -4.7%).

    Calendar Year 2024

     

    A total of 9,689,113 visitors arrived in calendar year 2024, a slight growth from 9,657,607 visitors (+0.3%) in 2023. Total arrivals decreased 6.7 percent when compared to 10,386,673 visitors in 2019.

    In 2024, total visitor spending was $20.68 billion, down slightly from $20.73 billion (-0.2%) in 2023, but higher than $17.72 billion(+16.7%) in 2019.

    VIEW FULL NEWS RELEASE AND TABLES

     

    Statement by DBEDT Director James Kunane Tokioka

     

    Hawai‘i’s tourism industry in 2024 continued to recover from the August 2023 Maui wildfires. Data from August to December 2024, which shows year-over-year growth in both arrivals and visitor spending, is encouraging. For calendar year 2024, total arrivals (9,689,113 visitors, +0.3%) rose slightly while total visitor expenditures ($20.68 billion, -0.2%) were just shy by 0.3 percent of the 2023 level.

    The cruise industry performed exceptionally well in 2024 with 168,035 visitor arrivals to Hawai‘i by cruise ships, surpassing 2023 (157,612 visitors, +6.6%) and pre-pandemic 2019 (143,508 visitors, +17.1%) and became the second-highest annual arrivals by cruise ship since the cruise visitor data were recorded in 1999 (the highest cruise visitor arrivals occurred in 2013 when 170,987 visitors came).

    Looking forward into 2025, we expect visitor arrivals to be impacted by the Los Angeles wildfires. Los Angeles is Hawai‘i’s largest source market, accounting for 9.1 percent of all visitor arrivals in 2024 and 30.2 percent of all visitors from California. Our hearts go out to everyone who lost a loved one, home or place of business in the fires. Governor Green has reached out in support and aloha to California Governor Newsom to offer relief for Los Angeles wildfire survivors and first responders.

    # # #

     

     

    Media Contacts:

     

    Laci Goshi 

    Communications Officer

    Department of Business, Economic Development and Tourism

    Cell: 808-518-5480

    Email: [email protected]

     

    Jennifer Chun

    Director of Tourism Research

    Department of Business, Economic Development and Tourism

    Phone: 808-973-9446

    Email: [email protected]

    MIL OSI USA News –

  • MIL-OSI Economics: Spain’s secure communications satellite SpainSat NG I successfully launched

    Source: Thales Group

    Headline: Spain’s secure communications satellite SpainSat NG I successfully launched

    • Starting in the second half of this year, SpainSat NG I will provide services to Spain’s Armed Forces, international organizations such as the European Commission or NATO, and governments of allied countries.
    • Thales Alenia Space, together with Airbus Defence and Space, has led the construction of this satellite and its twin, SpainSat NG II, which is also scheduled for launch in 2025.
    • The company has been responsible, among other activities, for the integration of the Communication Module for both satellites along with Airbus in a clean room built for this purpose at its facilities in Tres Cantos, Madrid. To date, this has been the largest satellite system ever integrated in Spain.

    Madrid, January 30, 2025 – The secure communications satellite SpainSat NG I has been successfully launched early this morning by a SpaceX Falcon 9 rocket from Cape Canaveral (Florida). An unprecedented milestone for the Spanish space sector.

    The SPAINSAT NG program, owned and operated by Hisdesat Servicios Estratégicos S.A., comprises two satellites, SpainSat NG I and II. Thales Alenia Space, a joint venture between Thales (67%) and Leonardo (33%), together with Airbus Defence & Space, has led the execution and construction of both satellites, SpainSat NG I and its twin, SpainSat NG II, which will be launched this fall. The two satellites will be positioned in different geostationary positions to operate in X-band, military Ka-band, and UHF, providing coverage to two-thirds of the Earth’s surface, from the United States of America to Singapore. It will provide services for the next 15 years.

    Thales Alenia Space in Spain has been responsible for the UHF and military Ka-band payloads and the integration of the Communication Module for the two satellites along with Airbus. The Communication Module is the main body of the satellite, which embarks the communication payloads that give purpose to the mission.

    © Airbus

    Specifically for this mission, the company built an assembly and integration clean room at its site in Tres Cantos, Madrid, inaugurated in 2021, where the Communication Modules of the two satellites have been integrated. These advanced cutting-edge facilities represent a qualitative leap in Spain’s space industry capabilities for the assembly and integration of large space systems, something within the reach of a few space powers worldwide.

    Being the largest satellite system ever integrated in Spain, the SpainSat NG I Communication Module weights more than 2 tons and measures 6 meters high, and is fully equipped with cutting-edge technology in the field of space communications, comprising hundreds of sophisticated electronic units.

    The company has also designed and manufactured in Spain, France, Italy, and Belgium over 200 of electronic and radiofrequency units that are an integral part of the communications payloads and the satellite’s telecommand and telemetry system. Among them are the UHF processor, the heart of the UHF-band payload; the Transparent Digital Processor (DTP) that interconnects the X-band and military Ka-band payloads; and the Hilink unit, responsible for providing a high-speed service link that will facilitate a quick reconfiguration of the payloads.

    The SPAINSAT NG program

    SpainSat NG I is one of the most advanced secure communications satellites in Europe and ranks among the most innovative in the world. It is expected to begin to provide services early in the second half of 2025 to the Spanish Armed Forces, international organizations such as the European Commission in the GOVSATCOM program, NATO, and other allied governments.

    Its mission is to ensure effective command and control of Armed Forces operations over a large portion of the Earth’s surface, guarantee communication capability in theatres of operations lacking communication infrastructure, ensure secure governmental communications in any operational environment (air, maritime, land), and provide strategic space capabilities to third nations.

    The SpainSat NG satellites, which will replace the current Hisdesat communications satellites, Spainsat and XTAR-EUR, will be capable of providing secure satellite communications with maximum protection against interference or other threats, including a high-altitude nuclear event, with maximum flexibility thanks to its real-time software-defined payload.
     

    About Thales Alenia Space

    Drawing on over 40 years of experience and a unique combination of skills, expertise and cultures, Thales Alenia Space delivers cost-effective solutions for telecommunications, navigation, Earth observation, environmental management, exploration, science and orbital infrastructures. Governments and private industry alike count on Thales Alenia Space to design satellite-based systems that provide anytime, anywhere connections and positioning, monitor our planet, enhance management of its resources and explore our Solar System and beyond. Thales Alenia Space sees space as a new horizon, helping to build a better, more sustainable life on Earth. A joint venture between Thales (67%) and Leonardo (33%), Thales Alenia Space also teams up with Telespazio to form the parent companies’ Space Alliance, which offers a complete range of services. Thales Alenia Space posted consolidated revenues of approximately €2.2 billion in 2023 and has around 8,600 employees in 8 countries, with 16 sites in Europe.

    MIL OSI Economics –

  • MIL-OSI Europe: RECOMMENDATION on the draft Council decision on the conclusion of the Agreement between the European Union and the People’s Republic of Bangladesh on certain aspects of air services – A10-0005/2025

    Source: European Parliament

    DRAFT EUROPEAN PARLIAMENT LEGISLATIVE RESOLUTION

    on the draft Council decision on the conclusion of the Agreement between the European Union and the People’s Republic of Bangladesh on certain aspects of air services

    (10844/2024 – C10-0111/2024 – 2015/0188(NLE))

    (Consent)

    The European Parliament,

    – having regard to the draft Council decision (10844/2024),

    – having regard to the draft Agreement between the European Union and the Government of the People’s Republic of Bangladesh on certain aspects of air services (12911/2015),

    – having regard to the request for consent submitted by the Council in accordance with Articles 100(2) and Article 218(6), second subparagraph, point (a)(v), and Article 218(7), of the Treaty on the Functioning of the European Union (C10-0111/2024),

    – having regard to Rule 107(1) and (4), and Rule 117(7) of its Rules of Procedure,

    – having regard to the recommendation of the Committee on Transport and Tourism (A10-0005/2025),

    1. Gives its consent to the conclusion of the agreement;

    2. Instructs its President to forward its position to the Council, the Commission and the governments and parliaments of the Member States and of the People’s Republic of Bangladesh.

    EXPLANATORY STATEMENT

    The EU- People’s Republic of Bangladesh Agreement

     

    Negotiations on an EU Horizontal Aviation Agreement were initiated in March 2007 and a draft agreement was initialled in December 2013, with the aim of  restoring legal certainty to the bilateral air services agreements between the People’s Republic of Bangladesh and 8 EU Member States. The Council adopted its Decision on signature of the agreement in December 2015. However, following the UK’s withdrawal from the European Union and the expiry of the transition period on 31 December 2020, it was necessary to remove the references to the United Kingdom from the text of the Agreement before its formal signature. Bangladesh agreed to the removal of those references. On 18 September 2023, the Council took note of the intention to present for signing a text which differed from the text approved by the Council insofar as the references to the UK were concerned.

     

    On Friday 7 June 2024, the European Union and Bangladesh signed the “Agreement between the European Union and the People’s Republic of Bangladesh on certain aspects of air services”. Subject to the availability of traffic rights in the respective bilateral air services agreements, this EU agreement will allow any EU airline to fly between Bangladesh and the seven concerned EU Member States whose bilateral air services agreements with Bangladesh do not already allow this (Belgium, Denmark, Italy, Netherlands, Poland, France and Slovakia).

     

    Pending the entry into force of the horizontal agreement, the bilateral air services agreements which it covers only authorise airlines owned and controlled by the signatory Member State or Bangladesh or their nationals to operate flights between that Member States and Bangladesh.

    Procedure

     

    On Friday 6 September 2024, the ambassadors of the Member States to the EU (Coreper) approved the conclusion of the horizontal aviation agreement between the European Union and Bangladesh.

     

    In accordance with Rule 107(1) and (4), and Rule 117(7) of Parliament’s rules of procedure, the committee responsible (TRAN) shall submit a recommendation for the approval or rejection of the proposed act. Parliament shall then take a decision by means of a single vote, and no amendments to the Agreement may be tabled. Amendments in committee shall be admissible only if their aim is to reverse the recommendation proposed by the rapporteur.

    Rapporteur’s position

     

    By granting all EU air carriers non-discriminatory access to routes between the EU and Bangladesh, this agreement promotes competition on air routes between the EU and an important EU partner from Asia and will, consequently, improve connectivity.

     

    Standard EU clauses on aviation safety, aviation fuel taxation and compatibility with competition rules are included in the agreement, to ensure compatibility of the bilateral air services agreements with EU policies and standards.

     

    Based on all the above mentioned, the rapporteur recommends that the Committee on Transport and Tourism give its approval for the conclusion of this agreement.

     

    ANNEX: ENTITIES OR PERSONS FROM WHOM THE RAPPORTEUR HAS RECEIVED INPUT

    Pursuant to Article 8 of Annex I to the Rules of Procedure, the rapporteur declares that he received input from the following entities or persons in the preparation of the report, prior to the adoption thereof in committee:

    Entity and/or person

    Simon Brain, DG Move

    The list above is drawn up under the exclusive responsibility of the rapporteur.

    Where natural persons are identified in the list by their name, by their function or by both, the rapporteur declares that he has submitted to the concerned natural persons the European Parliament’s Data Protection Notice No 484 (https://www.europarl.europa.eu/data-protect/index.do), which sets out the conditions applicable to the processing of their personal data and the rights linked to that processing.

     

     

    PROCEDURE – COMMITTEE RESPONSIBLE

    Title

    Conclusion of an agreement between the European Union and the government of the People’s Republic of Bangladesh on certain aspects of air services

    References

    10844/2024 – C10-0111/2024 – 2015/0188(NLE)

    Date of consultation or request for consent

    27.9.2024

     

     

     

    Committee(s) responsible

    TRAN

     

     

     

    Rapporteurs

     Date appointed

    Tomas Tobé

    15.10.2024

     

     

     

    Date adopted

    29.1.2025

     

     

     

    Result of final vote

    +:

    –:

    0:

    41

    2

    0

    Members present for the final vote

    Oihane Agirregoitia Martínez, Daniel Attard, Tom Berendsen, Rachel Blom, Nikolina Brnjac, Nina Carberry, Benoit Cassart, Carlo Ciccioli, Anna Maria Cisint, Vivien Costanzo, Johan Danielsson, Valérie Devaux, Siegbert Frank Droese, Gheorghe Falcă, Jens Gieseke, Borja Giménez Larraz, Sérgio Gonçalves, Roman Haider, Sérgio Humberto, Dariusz Joński, François Kalfon, Martine Kemp, Sophia Kircher, Elena Kountoura, Luis-Vicențiu Lazarus, Julien Leonardelli, Vicent Marzà Ibáñez, Alexandra Mehnert, Ştefan Muşoiu, Jan-Christoph Oetjen, Philippe Olivier, Matteo Ricci, Rosa Serrano Sierra, Stanislav Stoyanov, Kai Tegethoff, Elissavet Vozemberg-Vrionidi, Kosma Złotowski

    Substitutes present for the final vote

    Alberico Gambino, Jutta Paulus, Dario Tamburrano, Kris Van Dijck, Ana Vasconcelos

    Members under Rule 216(7) present for the final vote

    Elisabeth Grossmann

    Date tabled

    30.1.2025

     

    MIL OSI Europe News –