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. [...]
Thales is a defense electronics company in aerospace and defense industries. It came into being with the merger of Alcatel, Dassault Electronic and Thomson CSF and inherited the latter company’s naval activity, which it has developed in recent years. Thales now operates in 50 countries and has become a leading player in the defense industry.
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. [...]
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 François Hollande's very public rapprochement with Saudi Arabia shortly after his election in 2012 [. [...]