Pentagon Approves Expansion of Anti-ICBM System, Boeing and Raytheon Contribute
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The Pentagon has approved an expansion of its anti-ICBM system, with key contributions from Boeing and Raytheon. While the exact value of this award remains indeterminate, the initiative reflects ongoing investments in national defense capabilities. In other business developments, Boeing is facing economic challenges, as highlighted by recent layoffs. According to a local economic expert, these layoffs are part of Boeing's efforts to recuperate from substantial financial losses, amounting to billions. In the commercial aviation sector, Saudia Airlines is planning to launch new flights from Jeddah to Atlanta in 2025. The airline intends to use Boeing 777-3FG(ER) aircraft for this route, which marks an expansion of Saudia’s international flight offerings. This move is part of Saudia's broader strategy to enhance connectivity between the Middle East and U.S. markets.
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