The Defense Department is bracing for billions of dollars in budget cuts — and that has defense contractors looking for new markets. Homeland Security is one of the most promising, particularly border security, which hasn't suffered any big cuts. So companies are lining up in hopes of landing a contract.
At a border security trade show in Phoenix, Ariz., there's enough surveillance equipment on the floor of the convention center to spot a federal appropriation from 5 miles away.
When your products sell for more than $80 million, selling one of them is a big deal. Selling hundreds of them in one deal means they're probably feeling pretty good over at Boeing right now. The aircraft company has finalized a deal to sell 230 jets to Lion Air of Indonesia, with a total list price of $22.4 billion — a record for Chicago-based Boeing.
The deal, which was first announced in November during President Obama's multi-country tour of Asia, includes 201 737 MAX jets and 29 of Boeing's extended range 737-900ERs.
Boeing Co. says it will shut down its Wichita facility, which specializes in maintaining and modifying the company's planes for military or government use. The plant is slated to close by the end of 2013.
The closure could devastate a portion of the local economy, according to The Wichita Eagle:
The news that the U.S. has finalized a deal to sell nearly $30 billion worth of F-15SA fighter jets and other equipment to Saudi Arabia comes, as every story about the agreement says, as America and its allies seek to further isolate and pressure Iran so long as that Persian nation continues to be a threat to others in the region.