Taylor Lawrence, president of Raytheon Missile Systems, praised a recent Defense Department review of the US industrial base and says the company keeps a close eye on its supply chain to make sure it is not relying on a single source. "We're always interacting, especially with our most critical suppliers, to make sure they are in a good place, both performing in their programs but also in a good place financially," he said.
Boeing and Embraer are in discussions to extend their partnership to the KC-390, an aircraft that will be operational with Brazil's military this year. Embraer Defense & Security CEO Jackson Schneider says a partnership with Boeing "will enlarge significantly our opportunities in terms of sales."
Through the first six months of the 2018 fiscal year, the US has approved more weapons sales to foreign governments than in all of 2017, the result of the Trump administration pushing support of American-made weapons sales worldwide. Some $46.9 billion in sales were approved through the first two quarters of the 2018 budget cycle.
Boeing and Airbus report 963 combined orders and commitments at the Farnborough Airshow, similar to last year's performance. Boeing's tally includes 112 of the larger, pricier widebody jets.
The Boeing 737 MAX, Embraer E190-E2, Airbus A220-300 and
Aston Martin's Volante Vision are among aircraft receiving the most attention at the Farnborough Airshow.
Deliveries of Bell commercial helicopters surged in the second quarter to 57 compared with 21 for the same period in 2017, according to Textron.
President Donald Trump on Thursday established the National Council for the American Worker. Boeing is spending $100 million on job training and education for its US workforce, pledging to use education to boost the US economy.
NASA and the UAE Space Agency signed a space cooperation agreement at the Farnborough Airshow. "The formation of close partnerships with leading space agencies and organizations around the world continues to contribute to the strengthening of our international standing within the global space sector," said Mohammed Al Ahbabi, director general of the UAE Space Agency.
US Export-Import Bank board nominee Kimberly Reed was well-received by the Senate Banking, Housing and Urban Affairs Committee at a recent hearing. Confirming Reed to the position of board chair would help bring the bank to a board quorum and enable the financing of deals over $10 million.
Congress is close to moving forward with a provision that would bring more scrutiny to cross-border investments in an effort to protect US intellectual property. The legislation, which comes in response to alleged Chinese appropriation of US technology, would affect both inbound and outbound investments.
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