SFO probes King Abdullah clan proxies
The Serious Fraud Office's (SFO) probe into allegations that Airbus Group's made illegal commission payments to Saudi Arabian officials involves one of the most active business networks in the country. [...]
The European aircraft manufacturer Airbus has carved a place for itself internationally as an alternative to Boeing thanks to the success of the A330, the A350 and the A380. The company is a merger of French, German and Spanish aircraft makers. As well as its civil activity it has military projects such as Eurofighter Typhoon, in partnership with BAE Systems, the A400M transport aircraft and also combat and transport helicopters. The company also has space programmes.
Brothers Mansour and Salah Fustok, are Lebanese Sunnis who have been established in the Gulf for more than 40 years. A third brother, Mahmoud, died in a road accident in 2006 but the two remaining brothers remain the gatekeepers that foreign companies need if they want access to the entourage of the king of Saudi Arabia, Abdullah bin Abdulaziz Al Saud. They owe their close relationship to him to [...]
Since selling his private security company Blackwater in 2011, former Navy Seal Erik Prince has been developing a new business venture, this time in the aeronautics field. Behind a series of FVCs the world's best-known private security businessman has built [...]
Since the shrinking budgets of the National Reconnaissance Office (NRO) and the National Geospatial-Intelligence Agency (NGA) can no longer support the industry alone, the Obama administration has gradually lifted the barriers forbidding foreign exports of US-built military satellites and very [...]
The diplomatic honeymoon period between Paris and Riyadh has yet to benefit the French defence industry: the only major deals that have been struck since President Francois Hollande's very public rapprochement with Saudi Arabia shortly after his election in 2012 [...]