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October 15, 2023 | International, Naval

Fearing China, South Korea targets firms building Taiwan navy submarines | Reuters

South Korean authorities cited the risk of Chinese economic retaliation when they charged marine technology firm SI Innotec last year with violating trade laws for its work on Taiwan's new military submarine program, according to a police document seen by Reuters and two people familiar with the matter.

https://www.reuters.com/world/asia-pacific/fearing-china-south-korea-targets-contractors-taiwan-navy-submarines-2023-10-16/

On the same subject

  • Raytheon to move Albuquerque operations to other US sites

    May 21, 2020 | International, Aerospace

    Raytheon to move Albuquerque operations to other US sites

    By: The Associated Press ALBUQUERQUE, N.M. — A national aerospace and defense contractor has confirmed plans to pack up operations in New Mexico and move to Arizona and elsewhere. Raytheon Technologies Corp. will close its office in Albuquerque, where it employs about 200 people, the Albuquerque Journal reported Tuesday. Company spokeswoman Heather Uberuaga said Raytheon is looking to streamline its capabilities with pursuits and programs located at other sites around the country. She described the move as being in the best interest of customers and said the company will work with employees on individual options for employment going forward. That could include transferring to a new site or applying for different positions within the company. All laid-off workers will receive severance packages, and health care coverage will continue during the severance. Raytheon's Albuquerque division has worked closely in recent years with the Air Force Research Laboratory at Kirtland Air Force Base to develop modern laser and microwave weapons. That work will be transferred to Raytheon Missiles and Defense headquarters in Tucson, Arizona. Raytheon expanded its operations at the Sandia Science and Technology Park on Albuquerque's south side in 2017. The company received $850,000 in economic development funding from the state to offset the expansion costs. Uberuaga said that money has been returned. https://www.defensenews.com/industry/2020/05/20/raytheon-to-move-albuquerque-operations-to-other-us-sites/

  • Boeing partners with U.S. govt to boost SAF development in APEC countries | Reuters

    November 16, 2023 | International, Aerospace

    Boeing partners with U.S. govt to boost SAF development in APEC countries | Reuters

    Boeing Co said on Thursday it will partner with the U.S. government in a project aimed at addressing challenges faced by Asia Pacific Economic Cooperation (APEC) member countries in developing and scaling use of sustainable aviation fuel (SAF).

  • QinetiQ Group : €284 million Aerial Training Services contract award

    August 5, 2024 | International, Aerospace

    QinetiQ Group : €284 million Aerial Training Services contract award

    The 10-year contract is worth €284 million with an option for an additional two-year extension.

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