Airbus has announced an agreement with Spirit AeroSystems to acquire some of the latter’s operations, particularly the manufacture of key aircraft components. The “definitive agreement” could lead to the purchase of Spirit’s specific activities, including the production sites for A350 fuselage sections and A220 pylons in the United States, Airbus said. The ongoing transaction would also...
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US OKs $80M Arms Shipment to Boost Taiwan’s Self-Defense
Washington has cleared $80 million to fund the shipment of military supplies and services to Taiwan under the Department of State’s Foreign Military Financing program. A CNN report said that according to a letter the department addressed to Congress, the approved transfer of equipment under FMF, a program normally reserved for sovereign nations, would bolster...