Global for Monday, May 5, 2025

• Hegseth directs 20% cut to top military leadership positions
• US Air Force sending ‘boneyard’ F-16s to Ukraine for spare parts
• Stratolaunch hits milestone with fully reusable hypersonic testbed
• Target vessel sank before it could be hammered at drill in Philippines
• Defense firms closely watching tariffs, but split on potential sting
• Vendor vows to hasten Turkey’s fifth-generation ‘Kaan’ fighter plane
• Europe’s long-range strike project nears choice of lead contractors