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Raytheon to Cut 20,000 Jobs As Commercial Market Nosedives

Raytheon to Cut 20,000 Jobs As Commercial Market Nosedives

Raytheon Technologies Corp., the biggest aerospace supplier by sales, said it is cutting 20,000 jobs this year—up from a previously announced 15,000—as it adjusts to the shrinking airline industry and the sharp drop in jetliner orders and deliveries.

The company, which supplies engines, aircraft …

China ‘Strongly Opposes’ US Arms Sales to Taiwan: Spokesman

China ‘Strongly Opposes’ US Arms Sales to Taiwan: Spokesman

BEIJING — China firmly opposes U.S. arms sales to Taiwan and has lodged solemn representations to the US side, said Senior Colonel Ren Guoqiang, spokesperson for China’s Ministry of National Defense (MND) on Tuesday.

Ren made the remarks in response to press questions on the recent U.S. arms sa…

Fincantieri Teams with India’s Cochin Shipyard

Fincantieri Teams with India’s Cochin Shipyard

TRIESTE, Italy — Fincantieri, one of the world’s largest shipbuilding groups, has signed a Memorandum of understanding (MoU) with Cochin Shipyard Limited (CSL), the leading shipbuilder in India.

With this agreement Fincantieri enhances its presence in the country, providing further momentum to …

Argentine Minister Visits Brazil to Discuss Guarani 6×6 Purchase

Argentine Minister Visits Brazil to Discuss Guarani 6×6 Purchase

BUENOS AIRES — The Minister of Defense, Agustin Rossi, traveled today to the Federative Republic of Brazil where he was received by the ambassador to that neighboring country, Daniel Scioli and – under a strict sanitary protocol – he toured with his Brazilian counterpart, Fernando Azevedo e Silva …
Otokar Sells Armored Vehicles to African Country in $110M Deal

Otokar Sells Armored Vehicles to African Country in $110M Deal

ISTANBUL — Turkish defense company and automotive manufacturer Otokar has signed a new export agreement worth $110 million for the sale of military vehicles to an undisclosed African country. The company informed the Public Disclosure Platform (KAP) on Tuesday about the deal.

A statement declar…

US Navy Details $550M Contract for Six CH-53K Helicopters

US Navy Details $550M Contract for Six CH-53K Helicopters

PATUXENT RIVER, Md. — A contract to build six CH-53K King Stallion helicopters was signed this week between the Naval Air Systems Command (NAVAIR) and Sikorsky Aircraft, a Lockheed Martin Company.

The Low Rate Initial Production (LRIP) Lot 4 contract, which was signed October 26, is for just ov…


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