logo
Exclusive-Boeing/Saab in talks with BAE on UK jet trainer bid, sources say

Exclusive-Boeing/Saab in talks with BAE on UK jet trainer bid, sources say

Yahoo29-07-2025
PARIS/LONDON (Reuters) -Boeing and Sweden's Saab are in talks with Britain's BAE Systems about teaming up on a future replacement of Britain's Hawk trainer in a growing niche of the fast jet industry, three people familiar with the matter said.
Boeing and Saab have jointly developed the T-7 advanced trainer for the U.S. Air Force, while Britain has said it plans to replace the out-of-production Hawk fleet, part of which is instantly recognisable through its Red Arrows display team.
The proposals are at an early stage and details are still to be worked out, with no guarantee that an agreement can be reached, one of the sources said.
"We don't comment on rumour and speculation," a BAE spokesperson said.
"Training remains an important pillar of our air sector strategy. We continue to explore and develop our footprint in this area across both live and synthetic capabilities."
A spokesperson for Swedish defence firm Saab said: "We have a long-term partnership with Boeing on the co-development of T-7. Saab will not comment on rumours or speculation."
Boeing had no immediate comment.
In June, Britain's strategic defence review recommended that the Hawk be replaced after decades as Britain's premier military training aircraft and the government said it would welcome interest from UK-based suppliers.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Newsmax to Pay $67 Million to Settle Dominion Case on 2020 Vote
Newsmax to Pay $67 Million to Settle Dominion Case on 2020 Vote

Yahoo

time25 minutes ago

  • Yahoo

Newsmax to Pay $67 Million to Settle Dominion Case on 2020 Vote

(Bloomberg) -- Newsmax agreed to pay $67 million to settle a defamation lawsuit brought by Dominion Voting Systems Inc. alleging that the conservative media outlet spread lies about its voting machines during the 2020 presidential election. A Photographer's Pipe Dream: Capturing New York's Vast Water System Festivals and Parades Are Canceled Amid US Immigration Anxiety A London Apartment Tower With Echoes of Victorian Rail and Ancient Rome Princeton Plans New Budget Cuts as Pressure From Trump Builds The news network will stagger the payments over three fiscal years, including the current one, according to a Securities and Exchange Commission filing by Newsmax. Newsmax and Dominion Voting didn't immediately respond to requests for comment. Dominion sued Newsmax in 2021 accusing the news network of spreading false claims that Joe Biden's presidential win against Donald Trump was rigged and that the voting-machine company participated in the fraud. Newsmax has denied that it defamed the company. The settlement follows resolutions of other defamation cases brought by voting machine companies claiming that conservative news networks damaged their reputation with their false claims about a rigged 2020 presidential election. Fox News in 2023 agreed to pay Dominion $787.5 million without admitting wrongdoing. Voting technology company Smartmatic Corp. last year settled its defamation case against Newsmax. Foreigners Are Buying US Homes Again While Americans Get Sidelined What Declining Cardboard Box Sales Tell Us About the US Economy Americans Are Getting Priced Out of Homeownership at Record Rates Living With 12 Strangers to Ease a Housing Crunch Bessent on Tariffs, Deficits and Embracing Trump's Economic Plan ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Eli Lilly Taps High-Grade Market With Rare 40-Year Paper
Eli Lilly Taps High-Grade Market With Rare 40-Year Paper

Yahoo

time25 minutes ago

  • Yahoo

Eli Lilly Taps High-Grade Market With Rare 40-Year Paper

(Bloomberg) -- Eli Lilly & Co. is tapping the US investment-grade debt market with a deal that's expected to include a 40-year bond, a rarity in a market characterized by high borrowing costs. The drugmaker is selling debt in as many as seven parts, with 40-year tranche set to yield 0.73 percentage point above Treasuries, according to a person familiar with the matter. Initial price discussions called for a yield in the area of 1.05 percentage points above the benchmark. A Photographer's Pipe Dream: Capturing New York's Vast Water System Festivals and Parades Are Canceled Amid US Immigration Anxiety A London Apartment Tower With Echoes of Victorian Rail and Ancient Rome Princeton Plans New Budget Cuts as Pressure From Trump Builds The deal is also expected to include a 30-year portion, as well as maturities ranging from 3 years to 10 years, the person said, asking not to be identified discussing private information. The offering comes amid a dearth of supply of long-dated corporate bonds: Just 11% of high-grade debt sold this year had a maturity of 30 years or more, down from 15% in 2024, as companies have been reticent to lock in elevated borrowing costs for long periods of time. Eli Lilly is one of nine companies selling US high-grade debt on Monday, with McDonald's Corp., Marriott International Inc. and Charter Communications Inc. among the others. Borrowers are piling in ahead of a seasonal slowdown later this month. They're also taking advantage of more favorable funding conditions: Yields this month are sitting consistently below 5% for the first time this year, yet demand continues to be robust. Most recently, investment-grade order books grew to more than five times the size of fresh supply on Wednesday, while borrowers paid just two basis points in new-issue concessions — both better than average so far this year. Citigroup Inc., Goldman Sachs Group Inc., JPMorgan Chase & Co., Mizuho Financial Group Inc. and Morgan Stanley are managing Eli Lilly's sale, with proceeds earmarked for general corporate purposes. The bonds are expected to be rated Aa3 by Moody's Ratings and A+ by S&P Global Ratings. Issuer Profile Debt distribution: LLY US Equity DDIS Capital structure: LLY US Equity CAST Related securities: LLY US Equity RELS Ratings history: LLY US Equity CRPR --With assistance from Michael Gambale and Boris Korby. (Updates with guidance numbers in second paragraph.) Foreigners Are Buying US Homes Again While Americans Get Sidelined What Declining Cardboard Box Sales Tell Us About the US Economy Americans Are Getting Priced Out of Homeownership at Record Rates Living With 12 Strangers to Ease a Housing Crunch Bessent on Tariffs, Deficits and Embracing Trump's Economic Plan ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Oracle's Longtime Security Chief Leaves in Reorganization
Oracle's Longtime Security Chief Leaves in Reorganization

Yahoo

timean hour ago

  • Yahoo

Oracle's Longtime Security Chief Leaves in Reorganization

(Bloomberg) -- Oracle Corp.'s longtime chief security officer, one of the highest ranking women in the cybersecurity industry, is leaving the company as part of a recent reorganization, according to a person familiar with the matter, who asked not to be identified to discuss a private matter. Mary Ann Davidson, who joined Oracle in 1988 after serving as a civil engineer in the US Navy, didn't immediately respond to a request for comment. A Photographer's Pipe Dream: Capturing New York's Vast Water System Festivals and Parades Are Canceled Amid US Immigration Anxiety A London Apartment Tower With Echoes of Victorian Rail and Ancient Rome Princeton Plans New Budget Cuts as Pressure From Trump Builds Bloomberg News reported last week that Oracle was cutting jobs as the company takes steps to control costs amid heavy spending on AI infrastructure. Oracle didn't provide a comment. In a June filing, the company said that day-to-day cybersecurity operations were overseen by Senior Vice President Robert Duhart, who previously was chief information security officer of Walmart Inc. The news of Davidson's departure came as a surprise to many in the security community given her nearly 40-year tenure at the company and her prominence in the industry as an advocate for the security of Oracle's products. Davidson was the subject of a 2003 Businessweek profile that described her rise from a product marketing job in Oracle's financial software unit into the company's secure systems division in 1993 and ultimately becoming the company's first chief security officer. The profile described her as a surfing and skiing aficionado who telecommuted from the mountains of Ketchum, Idaho, for part of the year. Davidson was long Oracle co-founder Larry Ellison's right-hand person on security. In a 2002 interview with Businessweek, she described the challenges of making sure the company's products lived up to a marketing campaign envisioned by Ellison that touted the company's products as 'unbreakable.' ''Unbreakable' gives us something to live up to,' she said in the interview. 'It really does concentrate the mind wonderfully. The general thought is don't embarrass the company. Nobody wants to be the group that makes us violate it.' Davidson has long been a forceful advocate for the security of Oracle's products, having overseen the development of industry-leading systems and processes for testing the company's code for vulnerabilities and protecting the products from hackers. But her confidence in those systems landed her in a controversy in 2015, when she published a surprising post on a personal blog admonishing customers for trying to find vulnerabilities in Oracle products on their own, violating their licensing agreements and ultimately, she said, wasting her team's time in chasing what often turn out to be false positives. After an outcry from cybersecurity researchers, Oracle said it ordered the post removed as it 'does not reflect our beliefs or our relationship with our customers.' Foreigners Are Buying US Homes Again While Americans Get Sidelined What Declining Cardboard Box Sales Tell Us About the US Economy Americans Are Getting Priced Out of Homeownership at Record Rates Living With 12 Strangers to Ease a Housing Crunch Bessent on Tariffs, Deficits and Embracing Trump's Economic Plan ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store