❌

Normal view

Yet another financialised peace initiative from the Witkoff-Kushner stable

By: A A
22 October 2026 at 11:56

Instead of prioritizing stakeholder profit, the Witkoff-Europe combo should address Eurasian security architecture and NATO-Russia-China frontiers to gain traction in Moscow.

Join us on Telegram, X, and VK.

Contact us: info@strategic-culture.su

Back in December 2025, U.S. commentator Sundance, writing in the Conservative Treehouse, wrote about Steve Witkoff and Jared Kushner’s new ‘Money Diplomacy’ solution for Ukraine that “require[d] [the establishment of] a system whereby the western opportunity for financial benefit continues”. From this perspective, the U.S. negotiators would “propose a long-term plan for continued financial benefit”.

From their current language it appears that Witkoff and Kusher are still confident they can construct a financial reward system for western banks, investors, politicians and Ukraine officials that will retain the benefits of war without the ancillary ingredient of bloodshed.

As Sundance noted —

“If the U.S. delegation can pull this off, then Russia can gain the territory they want, corrupt Ukraine officials can keep skimming investment money, the EU can retain the power it wants to extract financial payments, American politicians can use the “long-term recovery projects” for money laundering, and quasi-public/private investment banks can benefit from the exploitation of Ukraine resources”.

From this evident New York real estate worldview, all other issues — territorial boundaries, security and NATO’s encroachment into Central Asia’s security architecture — are but ‘downstream details’ “to the stuff that really matters, the money”.

Monetary diplomacy, however, has not brought a solution for Ukraine (nor for that matter, for Gaza either). Nonetheless, Witkoff has a new plan that David Ignatius has outlined in his column at the Washington Post.

Ignatius highlights that despite the recent Ukraine “flap” over its targetting of Russian refineries, “the U.S. and Europe are moving toward a joint peace proposal that would deliver financial and security benefits to both Ukraine and Russia as a baseline for a territorial settlement that falls short of both sides’ war aims”. In other words, ‘a sweetener’ dangled to persuade the sides to stop bombing each other’s refineries and to open the path for this ‘new’ initiative.

If Zelensky agrees to halt refinery attacks, “we’re back in, and we go to Moscow”, an American official told Ignatius.

In gist, the 4-point plan envisages a generous reconstruction framework to meet “Zelensky’s myriad cash needs”; security guarantees for Ukraine equivalent to NATO’s Article 5; the economic integration of Russia, Ukraine and Europe through an energy deal — “This might consist of a pipeline carrying Russian oil and gas to Europe with Ukraine and Russia splitting the profits. Such a pipeline could sharply reduce European energy costs”, a U.S. official said. In addition to providing Russia with “long-term access to the European energy market”, a peace deal would specify how and when existing economic sanctions on Russia would be removed.

The final point – wait for it — would be a ceasefire along the existing front line, or the ‘line of control’.

It seems extraordinary: The U.S. and Europeans negotiate amongst themselves, seemingly oblivious to the explicit statements issued by the Russian side.

Oil and gas would be supplied by Russia to the needy Europeans who voluntarily forsook their earlier cheap Russian supply, who are trapped by their own decisions and who denigrate Russia at every opportunity. And with the profits to be “split” with Ukraine? No way will Russia accept such a one-sided proposal.

FM Lavrov said at the UNGA no ceasefire under any format. That means that any negotiations would have to take place under fire, and Putin has suggested that even then, he would ‘think twice’ about starting any negotiations (whether under fire or not).

Putin’s spokesman Dmitry Peskov confirmed just last week that “piecemeal solutions and agreements” would prevent a comprehensive settlement from being reached; a “freeze” of the conflict would not help either —

“[Ukraine] is a highly complex matter, and the settlement must be comprehensive … We need a solution for future generations — one that is guaranteed and safeguarded against setbacks”.

It seems that the Europeans have not grasped that a Korean-style cessation of hostilities (as argued by General Kellogg) along a front where two militaries face each other is a recipe for precisely no solution. It has been 73 years since the Korean War was frozen by armistice. Nothing has changed.

The repeated return to this mantra of a ceasefire along line of contact, rather than solution first; ceasefire last, shouts out to the Russians that the West wants to keep Ukraine in the locker-room for the time when a platform from which to exert pressure (again) on Russia in the future is to be jacked-up.

The fatal flaw to this initiative is its cultural deafness. For Witkoff and Kushner it may be “all about the stuff that really matters – money” — but that is not the case for Russia.

If the Witkoff-Europe combo recalled Russian history, they would understand why, for Russia, security, security, security comes top.

Walter Munchau cautioned just this week that “the Ukraine war risks escalating” —

“We should be under no illusion about a war with Russia. We are absolutely not in a position to win. Whose bond markets are going to be blown up first? Who is going to run out of interceptor missiles first? … On every [count] — military, energy, finance — Europe is at a disadvantage. That’s not all. There is a relatively plausible scenario in which Ukraine and Iran merge into a single West Eurasian war — and become the ultimate proxy conflict between the U.S. and China”.

If, instead of putting continued ‘stakeholder’ grift first, with its mechanism to ensure “that the western opportunity for financial benefit continues”, the Witkoff-Europe combo chose rather to address the fundamentals to the conflict — the deeper question of a Eurasian security architecture; the definition of where exactly the frontier that separates NATO security interests from those of Sino-Russian interests physically lies — they might find a more receptive audience on their next trip to Moscow.

Alas, circumscribing NATO’s extent is not possible – as things stand.

White House demands Politico retracts articles and apologize to Trump or ‘face the consequences’: report

22 October 2026 at 11:40

Counsel to the President William Scharf accuses outlet of publishing ‘series of demonstrably false and defamatory articles in an apparent effort to manufacture a narrative of dysfunction and infighting’

© Getty

White House demands Politico retracts articles and apologize to Trump or ‘face the consequences’: report

22 October 2026 at 11:40

Counsel to the President William Scharf accuses outlet of publishing ‘series of demonstrably false and defamatory articles in an apparent effort to manufacture a narrative of dysfunction and infighting’

© Getty

White House demands Politico retracts articles and apologize to Trump or ‘face the consequences’: report

22 October 2026 at 11:40

Counsel to the President William Scharf accuses outlet of publishing ‘series of demonstrably false and defamatory articles in an apparent effort to manufacture a narrative of dysfunction and infighting’

© Getty

Northrop Wins Fresh F-35, B-21, Sentinel & Virginia-Class Work as Backlog Hits Record $110 Billion

22 October 2026 at 11:28

Amid stiff competition from Silicon Valley-based, AI-focused defense companies, Northrop Grumman, part of the US defense market’s ‘Big Five,’ has posted better-than-expected sales and a record order backlog of US$ 109.6 billion.

Notably, at nearly $110 billion, the company’s order backlog is nearly 1.4 times its US$78 billion market cap and equals about two and a half years of sales.

Northrop Grumman’s record backlog suggests that traditional prime contractors in the US defense-industrial complex continue to win substantial new orders even as their leadership faces increasing pressure from AI-focused defense firms such as Palantir and Anduril.

For instance, Anduril, founded in 2017, is already worth US$ 90 billion, more than Northrop Grumman’s and General Dynamics’ market caps.

Meanwhile, Palantir, founded in 2003, is already worth nearly US$480 billion, more than any of the Big Five.

Northrop Grumman’s steady sales and record US$109.6 billion backlog should reassure investors that traditional defense primes can continue to thrive alongside the rapid growth of AI-focused defense companies.

The Virginia-based defense contractor reported third-quarter revenue of US$11.12 billion, up 7% from US$10.42 billion a year earlier.

Net income rose to US$1.12 billion from US$1.10 billion a year earlier.

However, the biggest surprise came in the company’s backlog order book. The company received US$16.4 billion in net contract awards during the third quarter (Q3) of 2026, pushing its net outstanding backlog to US$109.6 billion.

A year ago, at the end of Q3 2025, the company’s backlog stood at US$91.4 billion. Since then, it has received new contracts worth US$18.2 billion.

“In a complex world with the growing need for solutions that scale and perform, our customers continue to turn to Northrop Grumman,” Chair, Chief Executive and President Kathy Warden said in the earnings announcement.

According to company filings, the company’s third-quarter contracts totaled US$16.4 billion, which included US$4.6 billion for classified programs, US$2 billion for the Sentinel intercontinental ballistic missile program, and US$1.4 billion for Virginia-class submarines.

The company also received US$1.3 billion in awards related to the F-35 fighter jet and US$1 billion for the E-2 Hawkeye airborne early warning aircraft.

The Q3 contracts show strong demand for the company’s products in fighter jets, AWACS, missiles, submarines, and space programs.

Overall, Defense Systems accounted for the largest portion of the company’s backlog at US$36.5 billion, followed by Aeronautics Systems at US$26.8 billion and Space Systems at US$26.3 billion.

Strong Demand for Northrop Grumman’s Aeronautics Systems

In Q3, Northrop Grumman reported aeronautics systems revenue of US$3.58 billion, up 14% year-on-year, and won new contracts worth over US$3 billion.

Strong aeronautics systems performance is driven by demand for the F-35 fighter jet, progress on the B-21 Raider program, maintenance work on the B-2 Spirit bomber, and work on Army helicopters such as the AH-64 Apache, CH-47 Chinook, UH-60 Black Hawk, and others.

Northrop Grumman is a principal contractor on the F-35 Lightning II program, with Lockheed Martin as the prime contractor. The company contributes roughly 25% of the aircraft and produces or supports several major structural and mission systems for all three variants – F-35A, F-35B, and F-35C.

Northrop Grumman designs and produces critical F-35 components, including the center fuselage, AN/APG-81 AESA radar, communications subsystems such as the AN/ASQ-242 Integrated Communications, Navigation, and Identification (CNI) system, and the EO/IR Distributed Aperture System.

It also leads mission systems development, pilot and maintenance training courseware, and low-observable technology support to ensure readiness and modernization across all three F-35 variants.

A F-35 picture highlighting parts manufactured by Northrop Grumman. Credit: Northrop Grumman.

The company also received new contracts worth US$1.3 billion for F-35 fighter jets.

It also won contracts worth US$1 billion for the E-2 Hawkeye airborne early warning aircraft.

Northrop Grumman is the prime contractor, Original Equipment Manufacturer (OEM), and sole designer, developer, and manufacturer of the E-2 Hawkeye family, including the current E-2D Advanced Hawkeye.

Northrop Grumman is also the prime contractor for both the B-2 Spirit and the B-21 Raider.

In 2024, Northrop won a US$7 billion award for the B-2 Spirit modernization and sustainment program, including programmed depot maintenance of the fleet, sustaining engineering, software maintenance, support equipment, logistics elements, and interim contractor support.

This B-2 Spirit modernization and sustainment work continues at Palmdale, California; Whiteman Air Force Base (AFB), Missouri; Tinker AFB, Oklahoma; Wright-Patterson AFB, Ohio; Edwards AFB, California; and Hill AFB, Utah, and is expected to be completed by May 2029.

In 2015, Northrop Grumman won the Long Range Strike Bomber (LRS-B) program, also known as the B-21 Raider.

However, the US Air Force has deliberately withheld detailed pricing for the program.

Earlier this year, the USAF and Northrop agreed to expand B-21 Raider production capacity by about 25% with roughly US$4.5 billion in government funding.

B-21 RAIDER

A 2021 Pentagon Cost Assessment and Program Evaluation (CAPE) study estimated that developing, procuring, and operating a fleet of 100 B-21 Raider aircraft could cost about US$203 billion over the next 30 years.

In September, Northrop Grumman also won a US$4.84 billion Army contract for CIRCM (Common Infrared Countermeasure) laser-based missile defense systems to protect Army helicopters, such as the AH-64 Apache, CH-47 Chinook, UH-60 Black Hawk, and others, from infrared-guided missiles. The program will run through 2035.

Another critical program is Northrop’s role in the Sentinel missile program, a key part of the US Nuclear triad.

In the third quarter, the company won a US$2 billion contract for the Sentinel intercontinental ballistic missile program.

Northrop Grumman is the prime contractor for the LGM-35A Sentinel program, also known as the Ground Based Strategic Deterrent (GBSD).

File Image: Sentinel missile silos. Credit: Northrop Grumman.

Under the program, Northrop will design and produce a new three-stage solid-propellant ICBM with improved range, accuracy, reliability, and modularity compared with Minuteman III.

It will also construct hundreds of new or heavily modernized hardened launch silos and related facilities across multiple states, and new nuclear command-and-control networks. Sentinel will provide the US with on-alert nuclear deterrence through 2075.

Northrop Grumman is also a major supplier and Original Equipment Manufacturer (OEM) for key components on Virginia-class submarines. It won a US$1.4 billion contract in Q3 for the Virginia-class submarines.

Northrop also plays an important role in the Patriot missile defense system. It supplies the solid rocket motors, ignition safety devices, and related propulsion elements for PAC-3 MSE missiles.

Patriot interceptors are in global demand due to the two ongoing wars in Ukraine and the Middle East.

In August, the Department of War (DoW) signed framework agreements worth US$3 billion for expanding Patriot interceptor missile production.

The contract allocates nearly US$2 billion for solid rocket motors and ignition safety devices, in which Northrop will play a key role.

Northrop is also the prime contractor for the Integrated Battle Command System (IBCS), which integrates Patriot with other air- and missile-defense assets.

The company is also executing many of the USAF’s classified space-segment programs.

Many of these contracts, such as the B-21 Raider, F-35, Sentinel, and Patriot PAC-3 MSE interceptors, will run for decades, providing Northrop with a steady source of income. However, execution risk remains.

Demand for many of the company’s products, such as aircraft, missiles, and space systems, remains strong; however, investors’ key question is whether Northrop can turn its record US$109.6 billion backlog order book into improved margins and earnings.

  • Sumit Ahlawat has over a decade of experience in news media. He has worked with Press Trust of India, Times Now, Zee News, Economic Times, and Microsoft News. He holds a Master’s Degree in International Media and Modern History from The University of Sheffield, UK. 
  • He can be reached at ahlawat.sumit85 (at) gmail.com

The post Northrop Wins Fresh F-35, B-21, Sentinel & Virginia-Class Work as Backlog Hits Record $110 Billion appeared first on EURASIAN TIMES.

Facing pushback on data centers, tech giants are promising hosts more money and fewer secrets

22 October 2026 at 08:01
With host communities across the U.S. turning against their gargantuan data centers, America’s technology giants are promising to take fewer taxpayer handouts, keep fewer secrets or shower more money onto the communities willing to allow the server warehouses

© Copyright 2026 The Associated Press. All rights reserved.

Facing pushback on data centers, tech giants are promising hosts more money and fewer secrets

22 October 2026 at 08:01
With host communities across the U.S. turning against their gargantuan data centers, America’s technology giants are promising to take fewer taxpayer handouts, keep fewer secrets or shower more money onto the communities willing to allow the server warehouses

© Copyright 2026 The Associated Press. All rights reserved.

Facing pushback on data centers, tech giants are promising hosts more money and fewer secrets

With host communities across the U.S. turning against their gargantuan data centers, America’s technology giants are promising to take fewer taxpayer handouts, keep fewer secrets or shower more money onto the communities willing to allow the server warehouses

© Copyright 2026 The Associated Press. All rights reserved.

❌