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.
By Valerie Insinna“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.
By Agnes HelouThe deal, which is subject to approval by the Federal Trade Commission, is expected to close in 2023.
By Valerie InsinnaAdvent International to acquire Maxar in mid-2023. The satellite firm is a major provider of space-based imaging for the National Reconnaissance Office.
By Aaron MehtaSaudi 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.
By Agnes HelouNew 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.
By Tim MartinThales Middle East Vice President Emmanuel de Roquefeuil told Breaking Defense the French firm plans to double its staff in the region in five years.
By Agnes Helou