Latest news with #TurboSjogren
South China Morning Post
7 hours ago
- Business
- South China Morning Post
Europe must reduce critical mineral dependence on China, just like US: Boeing
Turbo Sjogren, senior vice-president for government services at Boeing Global Services, said the supply chain was at the core of European concerns about how to face the demands of sovereignty and take on the challenges 'in a manner different tomorrow than they've done in the past'. 'The aerospace supply chain is global. Nobody can do it themselves. Maybe the Chinese can try, but certainly the rest of us, we're going to have to work together,' he told a press briefing in the Boeing chalet at one of the world's largest and oldest air shows. 'Irrespective of who's going to take the lead, irrespective of sovereignty, there will be programmes developed in the United States, where there will be significant European content. 'There will be programmes that will be developed in Europe where there will be significant US content. And that's the nature of the supply chain. To do otherwise takes too long and it's unaffordable.' Sjogren pointed out that the US has had legislation in place since 1973 requiring that the aerospace industry in particular, 'but defence as a whole, cannot be reliant on countries like China' for materials that are deemed critical.
Yahoo
10 hours ago
- Business
- Yahoo
Boeing wants a bigger slice of Europe's surging defense spending
Boeing executives said they expected a "very significant expansion" in Europe over the next decade. They made the comments at a media briefing at the Paris Air Show on Tuesday. European countries plan to increase defense spending amid the Ukraine war and US policy shifts. Boeing expects to significantly expand its operations in Europe as defense and geopolitical tensions take center stage at this week's Paris Air Show. Tuesday's media briefing, Boeing's first of the event, focused on its partnerships with European firms and growing defense opportunities on the continent. "We're expecting a very, very significant expansion in the next 10 years, and that is not just across our services business, but across additional programs," said Turbo Sjogren, senior vice-president for government services. With the war in Ukraine continuing, and the US becoming increasingly isolationist under President Donald Trump, European governments are increasing their defense spending. "There is a real threat, and a growing threat on the continent," said Tim Flood, an executive at Boeing's defense, space, and security division. He said Boeing expected several countries to increase their defense spending pledges at next week's NATO summit. "There is a growing need for industrial self-reliance and a growing push for European autonomy, which is driving the way European countries are going to procure," Flood said. Defense won't be affected by Trump's tariffs as much as commercial aviation, given the structure of the contracts. However, rising tensions around the world have still prompted more European countries to seek more control over their defense programs. "The aerospace supply chain is global. Nobody can do it themselves. Maybe the Chinese can try, but certainly the rest of us, we're going to have to work together," Sjogren said. He said programs developed in the US and Europe would continue to rely on components made on both sides of the Atlantic. "These are great companies that provide great service, and they do some things better than we do," Sjogren added. "Why would we try and do work where we've got a local partner who can do it better than us?" Boeing's defense, space and security division is one of the world's largest defense and space contractors. It develops, produces, and maintains weapons, fixed-wing and rotary wing aircraft, and commercial and government satellites. The company works with partners in Europe including Italy's Leonardo, both on defense and commercial aircraft, and has a team of seven firms including Airbus Helicopters in Germany for its Chinook fleet. Boeing has also helped the UK government to build strategic facilities for the Royal Air Force, while Poland is set to become the largest operator outside the US of the Apache helicopter, with almost 100 aircraft. In February 2024 Boeing signed an MOU with Antonov, a Ukrainian aircraft manufacturing and services company, with a small UAV project as the first cab off the rank. Geopolitics overshadowed the first day of the Paris Air Show, as organizers closed off the stands of four Israeli defense companies. The Israeli defense ministry said in a statement that the French government ordered offensive weapons to be removed from the displays. Meanwhile, many attendees from the Middle East have pulled out of the air show, including the CEO of Qatar Airways. "The number of engagements we were expecting to have, particularly with a number of Middle Eastern countries, has dropped off sharply," Sjogren said. Read the original article on Business Insider
Business Insider
a day ago
- Business
- Business Insider
Boeing wants a bigger slice of Europe's surging defense spending
Boeing expects to significantly expand its operations in Europe as defense and geopolitical tensions take center stage at this week's Paris Air Show. Tuesday's media briefing, Boeing 's first of the event, focused on its partnerships with European firms and growing defense opportunities on the continent. "We're expecting a very, very significant expansion in the next 10 years, and that is not just across our services business, but across additional programs," said Turbo Sjogren, senior vice-president for government services. With the war in Ukraine continuing, and the US becoming increasingly isolationist under President Donald Trump, European governments are increasing their defense spending. "There is a real threat, and a growing threat on the continent," said Tim Flood, an executive at Boeing's defense, space, and security division. He said Boeing expected several countries to increase their defense spending pledges at next week's NATO summit. "There is a growing need for industrial self-reliance and a growing push for European autonomy, which is driving the way European countries are going to procure," Flood said. Defense won't be affected by Trump's tariffs as much as commercial aviation, given the structure of the contracts. However, rising tensions around the world have still prompted more European countries to seek more control over their defense programs. "The aerospace supply chain is global. Nobody can do it themselves. Maybe the Chinese can try, but certainly the rest of us, we're going to have to work together," Sjogren said. He said programs developed in the US and Europe would continue to rely on components made on both sides of the Atlantic. "These are great companies that provide great service, and they do some things better than we do," Sjogren added. "Why would we try and do work where we've got a local partner who can do it better than us?" Geopolitics overshadowed the first day of the Paris Air Show, as organizers closed off the stands of four Israeli defense companies. The Israeli defense ministry said in a statement that the French government ordered offensive weapons to be removed from the displays. Meanwhile, many attendees from the Middle East have pulled out of the air show, including the CEO of Qatar Airways. "The number of engagements we were expecting to have, particularly with a number of Middle Eastern countries, has dropped off sharply," Sjogren said.
