Former L3Harris Executive Peter Williams Pleads Guilty to Stealing Hacking Tools, Earning Over $1.3M
U.S. prosecutors confirmed that Peter Williams, former head of L3Harris' Trenchant, pleaded guilty to stealing and selling eight sophisticated hacking tools, earning over $1.3M in cryptocurrency between 2022 and 2025, TechCrunch's Lorenzo Franceschi-Bicchierai reports. Court filings state the tools were sold to a Russian company serving government clients, directly harming U.S. intelligence interests and potentially enabling widespread surveillance, cybercrime, and ransomware attacks globally.
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- Stock Trend Analysis: Joby Aviation shares are currently trading at $9.99, down approximately 30% year-to-date and about 52% below the 52-week high of $20.95, indicating a confirmed long-term downtrend.
- Technical Indicators Warning: The company's 50-day moving average has fallen to $13.28, crossing below the 200-day moving average at $13.42, forming a Death Cross that signals long-term trend weakness, with the stock now approximately 25% and 26% below these averages.
- Investor Sentiment Weak: The Relative Strength Index (RSI) is currently near 33, indicating reduced buying activity and persistent downward momentum, while recent trading volume has averaged about 4 million shares, reflecting a trend of investor repositioning.
- Manufacturing Capacity Expansion: Joby has recently agreed to acquire a manufacturing facility in Dayton, Ohio, spanning over 700,000 square feet, which is expected to support plans to increase production capacity to four aircraft per month by 2027, despite the stock remaining well below its 200-day moving average.
- Industry Growth: The defense industry is experiencing significant changes and growth, attracting investor interest.
- Valuation Challenges: Investors are facing challenges in valuing the sector due to various influencing factors.
- Rising Ratios: Price/earnings ratios in the defense sector are expected to increase as the industry evolves.
- Market Dynamics: The booming nature of the defense industry is reshaping market dynamics and investment strategies.
- Surging Market Demand: As global tensions rise, governments are increasing investments in defenses against low-cost drones and advanced missile systems, with the global military radar market projected to exceed $50 billion in the coming years, highlighting strong investment potential in AI-driven systems as one of the fastest-growing segments.
- VisionWave's New System Development: VisionWave Holdings Inc. has announced the initiation of early-stage architecture and feasibility work on an AI-controlled intelligent radar system designed to enhance radar survivability and continuity of sensing through a distributed mesh decoy architecture, which, if successful, will significantly boost its market competitiveness.
- Technological Innovation and Advantages: The system is designed to be modular, featuring a fusion and orchestration component, distributed mesh units, and an AI control layer that adapts in real-time to environmental changes, thereby enhancing the system's robustness and flexibility to maintain effective operational capabilities in complex battlefield environments.
- Intellectual Property Strategy: VisionWave is advancing an intellectual property strategy to protect key architectural elements of the system, including distributed-node role definitions and AI-supervised network behavior policies, ensuring its technological advantages remain competitive in the market.
U.S.-Canada Relations: Recent tensions have emerged between the U.S. and Canada, affecting various sectors beyond just sports.
Canada's Defense Strategy: Canada has introduced a new defense strategy that may influence investment opportunities in the defense industry.
- Significant Contract Value: L3Harris Technologies has secured a nearly $400 million contract to produce additional solid rocket boost motors and Liquid Divert and Attitude Control Systems (LDACS), enhancing the THAAD system for the Missile Defense Agency and ensuring national security.
- Successful Interception Record: The THAAD system boasts a 100% success rate in 17 interception tests since production began, underscoring its critical role in defending against short, medium, and intermediate-range missiles, thereby solidifying L3Harris's leadership in defense technology.
- Milestone Early Delivery: In 2024, L3Harris delivered its 1,000th solid rocket boost motor and 1,000th LDACS ahead of schedule, demonstrating its efficient production capabilities and rapid response to customer needs, which enhances client trust.
- Manufacturing Base Distribution: L3Harris manufactures THAAD solid rocket boost motors in Huntsville, Alabama, and Camden, Arkansas, while LDACS are produced in Los Angeles, ensuring production flexibility and supply chain stability.
- Contract Announcement: Harris Technologies has secured a $400 million contract for the development of the HAAAD system.
- Project Significance: The HAAAD system is expected to enhance defense capabilities and contribute to national security initiatives.










