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☆ Kishida US visit: Japan seeks investment in AI, semiconductors from American companies
▼ + stars: | 2024-04-10 | by ( Junko Ogura | Juliana Liu | ) edition.cnn.com time to read: +4 min

Speaking in Washington at a lunch with American CEOs, Prime Minister Fumio Kishida said Japan welcomes American collaboration in “critical and emerging technology” and assured them that any investment would flow both ways. Last year, Japanese foreign direct investment to the US exceeded $750 billion, Kishida said, making Japan the biggest foreign investor in America and creating more than 1 million jobs. It is reportedly the company’s largest ever investment in Asia’s second largest economy. Earlier this month, Japan’s industry ministry approved subsidies worth up to 590 billion yen ($3.9 billion) for Rapidus. It comes as Washington adds increasing restrictions on the types of semiconductors that American companies are able to sell to China.

Persons: Hong Kong CNN —, Fumio Kishida, ”, Kishida, Joe Biden, Brad Smith, Gary Cohn, Sanjay Mehrotra, Ted Colbert, Albert Bourla, Mayumi Maruyama Organizations: Hong Kong CNN, Microsoft, Microsoft Research Asia, IBM, Micron Technology, Boeing, Defense, Space & Security, Pfizer, CNN, US Chamber of Commerce, “, Intel, Samsung, US Locations: Tokyo, Hong Kong, Japan, Washington, American, United States, America, Asia’s, Russia, South, Taiwan, Hokkaido, chipmaking, China, Europe, Asia, Germany

☆ Boeing Defense CEO: We're in progress getting astronauts onboard Starliner
▼ + stars: | 2023-12-04 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBoeing Defense CEO: We're in progress getting astronauts onboard StarlinerCNBCs Morgan Brennan sat down with Boeing Defense CEO Ted Colbert to discuss opportunities in the aerospace defense industry, government partnerships and much more.

Persons: CNBCs Morgan Brennan, Ted Colbert Organizations: Boeing Defense

Lockheed and Airbus will tout their LMXT tanker at the Paris Airshow this week, bringing U.S. reporters onboard the A330 Multi Role Tanker Transport on which the new plane is based. In 2011, Boeing won the first of a three-phase procurement to replace the Air Force's aging tanker fleet, securing a contract for 179 KC-46s. But Larry Gallogly, Lockheed’s director of LMXT business development, said Lockheed and Airbus "are most definitely still in this competition." Lockheed and Airbus sought a program of at least 120 aircraft, but “the business case can certainly close below that,” Gallogly said. Boeing Defense CEO Ted Colbert said the KC-46 "has proven to be highly capable" and is ready for the threats of the 2030s.

Persons: Lockheed Martin, Larry Gallogly, ” Gallogly, Ted Colbert, Jerry Carl, Carl, Valerie Insinna, Tim Hepher, Mark Potter Organizations: Pentagon, Aerospace titans Airbus, Boeing, Airbus, Lockheed, U.S, U.S . Air Force, Air, KC, Capitol, Air Force, General, Armed Services, Alabama Republican, Thomson Locations: WASHINGTON, PARIS, U.S, United States, Alabama, Georgia, American

☆ Boeing defense margins to remain flat in second quarter
▼ + stars: | 2023-06-18 | by ( ) www.reuters.com time to read: +1 min

June 18 (Reuters) - Margins at Boeing's (BA.N) defense unit will look similar in the second quarter to its first-quarter results, Boeing Defense CEO Ted Colbert said Sunday. Margins at its defense unit were negative in the first quarter as Boeing recorded a $245 million pre-tax charge on the KC-46 tanker program. Colbert declined to say whether Boeing would take another charge on the KC-46, which has logged more than $7 billion in losses. He added that there is a “ton of activity” to improve performance at Boeing's defense unit but that it will take time for improvements to be seen. Boeing remains focused on "starting every program the right way," including a contract structure that gives Boeing a "fair shake and healthy business," Colbert said.

Persons: Ted Colbert, Colbert, “, ” Colbert, Valerie Insinna, Hugh Lawson, Mark Potter Organizations: Boeing, KC, Air Force, Thomson Locations: Paris

☆ Boeing says MQ-28 drone could be a fit for U.S. Air Force
▼ + stars: | 2023-02-28 | by ( Jamie Freed | ) www.reuters.com time to read: +1 min

[1/2] A Boeing MQ-28 Ghost Bat fighter-like drone is kept on display at the Australian International Airshow, in Avalon, Australia February 28, 2023. REUTERS/Jamie FreedAVALON, Australia Feb 28 (Reuters) - Boeing Co's (BA.N) MQ-28 Ghost Bat fighter-like drone developed in Australia could fit the U.S. Air Force's requirements for a collaborative combat aircraft (CCA), the company's defence division head said on Tuesday. "We're developing the MQ-28 to fit into a set of requirements that fit into that category of CCA and hopefully there is an intersection there," Boeing Defense, Space and Security Chief Executive Ted Colbert said on the sidelines of the Australia International Airshow. Boeing is developing the MQ-28 in Australia alongside the Royal Australian Air Force, in what is the country's first homegrown combat aircraft to be manufactured in more than 50 years. The MQ-28, which made its first flight in 2021, was on public display at the air show.

☆ Boeing says 'great news' if MQ-28 drone can partner with F-35
▼ + stars: | 2023-02-28 | by ( ) www.reuters.com time to read: +1 min

[1/2] A Boeing MQ-28 Ghost Bat fighter-like drone is kept on display at the Australian International Airshow, in Avalon, Australia February 28, 2023. REUTERS/Jamie FreedSYDNEY, Feb 28 (Reuters) - Boeing Co's (BA.N) MQ-28 Ghost Bat fighter-like drone is designed to be an open platform and a partnership with Lockheed Martin Corp (LMT.N) on F-35 fighter planes would be "great news", the company's defence division head said on Tuesday. "If the F-35 is going to be its partner that is great news for me ... it is designed to do exactly that," Boeing Defense, Space and Security Chief Executive Ted Colbert told reporters on the sidelines of the Australia International Airshow. Boeing is developing the MQ-28 Ghost Bat fighter-like drone in Australia alongside the Royal Australian Air Force, in what is the country's first homegrown combat aircraft to be manufactured in more than 50 years. Reporting by Jamie Freed and Renju Jose; Editing by Tom HogueOur Standards: The Thomson Reuters Trust Principles.

☆ Lockheed Martin hopes to deliver more F-35s to Australia
▼ + stars: | 2023-02-28 | by ( ) www.reuters.com time to read: +2 min

SYDNEY, Feb 28 (Reuters) - Lockheed Martin Corp (LMT.N) hopes Australia wants to buy more of its F-35 fighter planes after the country completes an ongoing defence review, an executive at the U.S. manufacturer said on Tuesday. "We hope for the opportunity to deliver additional F-35s beyond" the 72 Australia has on order, Executive Vice President of Aeronautics Greg Ulmer told reporters on the sidelines of the Australia International Airshow. Ulmer also said Lockheed has had initial talks with Australia about teaming the F-35 with Boeing Co's (BA.N) MQ-28 Ghost Bat fighter-like drone. Australia has purchased 72 Lockheed F-35A jets to form three squadrons, with all aircraft scheduled to be fully operational this year. A defence strategic review considering Australia's future force posture - including the possible purchase of a fourth squadron of F-35 jets - was handed to the government on Feb. 14.

☆ Boeing Replaces Space Chief as Defense Unit Looks to Stem Losses
▼ + stars: | 2022-11-17 | by ( Doug Cameron | ) www.wsj.com time to read: 1 min

Boeing Co. said on Thursday that it was replacing the head of its space business as part of a broader restructuring aimed at reversing losses at its defense unit. Kay Sears will take over a new space, intelligence and weapons-systems operation as part of defense chief Ted Colbert ‘s consolidation of the military business into four units, from eight at present, with immediate effect. Jim Chilton will continue to run the space and launch business until February.

The move to strengthen industrial leadership comes after delays and cost overruns blighted a series of long-term projects for which Boeing is locked in to a fixed price. Chief Financial Officer Brian West said last month fixed-price defense contracts were being "knocked around" by supply chain problems, inflation and labor shortages. In 2006, incoming BCA chief Scott Carson appointed Jim Jamieson chief operating officer of the planemaking unit - a wide brief giving him effective oversight of jet manufacturing and development until his retirement about 18 months later. Those changes came just as Boeing was trying to juggle changes in manufacturing with the development of the Boeing 787, while still bearing the wounds of a 1997 production crisis. Airbus (AIR.PA) has long had a chief operating officer at its main planemaking arm, though in practice it is more than a divisional role as the defense and helicopter units slot in underneath.

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