Boeing defense programs to feel the pinch as Seattle-based union votes to strike

Boeing defense programs to feel the pinch as Seattle-based union votes to strike
Boeing defense programs to feel the pinch as Seattle-based union votes to strike

The strike stops production of Boeing’s 737, 767 and 777 jetliners in the Seattle region as well as military derivatives of those aircraft, which include the 737-based P-8 Poseidon maritime aircraft and the 767-based KC-46 tanker.

CEO of major Gulf defense firm, Saudi Arabia Military Industries, steps down

CEO of major Gulf defense firm, Saudi Arabia Military Industries, steps down
CEO of major Gulf defense firm, Saudi Arabia Military Industries, steps down

“The Board has also appointed Eng. Omar AlMadhi, Vice Chairman of the Board and Chairman of the Board Executive Committee, as interim CEO,” SAMI’s online post reads.

L3Harris acquiring Aerojet Rocketdyne for $4.7B

L3Harris acquiring Aerojet Rocketdyne for $4.7B
L3Harris acquiring Aerojet Rocketdyne for $4.7B

The deal, which is subject to approval by the Federal Trade Commission, is expected to close in 2023.

Satellite imaging giant Maxar to be acquired by private equity firm for $6.4 billion

Satellite imaging giant Maxar to be acquired by private equity firm for $6.4 billion
Satellite imaging giant Maxar to be acquired by private equity firm for $6.4 billion

Advent International to acquire Maxar in mid-2023. The satellite firm is a major provider of space-based imaging for the National Reconnaissance Office.

Saudi Arabia demanded defense firms set up in country by 2024. So far, most seem unmoved.

Saudi Arabia demanded defense firms set up in country by 2024. So far, most seem unmoved.
Saudi Arabia demanded defense firms set up in country by 2024. So far, most seem unmoved.

Saudi Arabia said it would stop doing business with foreign firms that don’t have their regional headquarters in the Kingdom by the start of 2024, but analysts note that threat hasn’t carried much weight.

Economic troubles could put UK in firing line of more defense takeovers

Economic troubles could put UK in firing line of more defense takeovers
Economic troubles could put UK in firing line of more defense takeovers

New UK defense takeovers “are a real and present danger, especially for mid-tier suppliers, who appear to be particularly vulnerable,” said Andrew Kinniburgh, director general at Make UK Defense, a manufacturing advisory body.

INTERVIEW: Thales exec on Middle East expansion through localization

INTERVIEW: Thales exec on Middle East expansion through localization
INTERVIEW: Thales exec on Middle East expansion through localization

Thales Middle East Vice President Emmanuel de Roquefeuil told Breaking Defense the French firm plans to double its staff in the region in five years.