Category: stock (Page 7 of 109)

EVA Air places order for 33 Airbus aircraft

January 9, 2024 / WIL BALDWIN

Toulouse, France, January 9, 2024 – Taiwan’s EVA Air has finalised a firm order with Airbus Group SE (Paris: AIR) for the purchase of 18 long-range A350-1000 and 15 single-aisle A321neo aircraft. EVA Air is the latest airline to select the A350-1000 for its long haul requirements, with the A321neo bringing new levels of efficiency for the carrier’s regional network operations.

Forward-Looking Statements

This press release may contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including expected delivery dates. Such statements are based on current expectations and projections about our future results, prospects and opportunities and are not guarantees of future performance. Such statements will not be updated unless required by law. Actual results and performance may differ materially from those expressed or forecasted in forward-looking statements due to a number of factors, including those discussed in our filings with the Securities and Exchange Commission.

Alstom signs contract for Saudi Arabia Tramway Project

January 9, 2024 / WIL BALDWIN

January, 2024 – Alstom, a global leader in smart and sustainable mobility, signed a contract of more than €500 million with The Royal Commission for AlUla’s pioneering battery-powered tramway, the world’s longest catenary-free line.

The fully integrated Alstom tramway system will feature 20 state-of-the-art Citadis B battery-trams. The 22.4km line will encapsulate richness, history, and green mobility like no other, linking 17 strategically located stations, offering unmatched access to AlUla’s five core historical districts, including UNESCO World Heritage sites such as AlUla Old Town (District 1), Dadan (District 2), Jabal Ikmah (District 3), Nabataean Horizon (District 4), and Hegra Historical City (District 5).

This ambitious project aims to deliver unique transit options for residents and tourists, with innovative, climate-adapted trams.

Alstom plays a pivotal role in this project, from comprehensive system design to integration, installation and testing and commissioning of the catenary-free and battery-powered tramway. Alstom will also deliver power supply, signalling, communication, and depot equipment and provide full maintenance for the trams for 10 years, using HealthHub, Alstom’s tool for predictive maintenance and fleet management to deliver the highest availability. The services teams will also use an itinerant workshop for all types of overhauls to be more flexible and reduce capital expenditure, and provide robust training programmes for tram personnel, ensuring operational efficiency. The project will draw on Alstom’s global in-house expertise in integrated railway systems. The trams will be manufactured across Alstom’s French production sites, including La Rochelle for both design and construction.

Rocket Lab to launch space situational awareness mission

January 8, 2024 / WIL BALDWIN

Long Beach, California. January 08, 2024 – Rocket Lab USA, Inc. (Nasdaq: RKLB), a global leader in launch services and space systems, today announced it has set the launch window for its first mission of 2024.

The ‘Four of a Kind’ mission is scheduled to launch no earlier than January 18 between 19:15-20:00 NZT (January 18 between 06:15-07:00 UTC) from Rocket Lab Launch Complex 1 in New Zealand. The mission will deploy four Space Situational Awareness (SSA) satellites for Spire Global, Inc’s (Spire) customer NorthStarEarth & Space (NorthStar). NorthStar´s satellites, built and operated by Spire, will be the first to simultaneously monitor all near-Earth orbits from space, delivering a radically enhanced level of SSA services to the global satellite community, with timely and precise information for space object detection, tracking, orbit determination, collision avoidance, navigation, and proximity alerts.

As a secondary mission, Rocket Lab will be attempting to splash down and retrieve Electron’s first stage as part of the Company’s plan to evolve Electron into a reusable rocket. After launch and stage separation, Electron’s first stage will return to Earth under a parachute and splash down in the Pacific Ocean several hundred kilometers down range from Launch Complex 1. Rocket Lab’s recovery vessel will extract the stage from the water for transportation back to Rocket Lab’s production complex where it will undergo detailed analysis. Rocket Lab is not launching any pre-flown engines as part of this mission.

Forward-Looking Statements

Northrop Grumman Solid Rocket Boosters aid first ULA Vulcan Rocket launch

January 8, 2024 / WIL BALDWIN

Magna, Utah, January 8, 2024 – Two of Northrop Grumman Corporation’s (NYSE: NOC) extended length, 63-inch-diameter Graphite Epoxy Motors (GEM 63XL) solid rocket boosters helped power the inaugural flight of United Launch Alliance’s (ULA) Vulcan Rocket and the first certification (Cert-1) mission.

The GEM 63XL boosters are the longest monolithic, single-cast solid rocket boosters ever manufactured and flown.
The launch represents the first flight of the GEM 63XL solid rocket boosters.
The boosters delivered more than 900,000 pounds of thrust, nearly two-thirds of the vehicle’s total thrust at lift-off.

The Cert-1 mission carried two payloads, one that will deliver science and technology to the lunar surface, including Astrobotic’s first Peregrine Lunar Lander, Peregrine Mission One, as part of NASA’s Commercial Lunar Payload Services program and the second was Celestis’ Memorial Spaceflights deep-space Voyager mission.

Northrop Grumman began development of the fifth-generation GEM 63XL strap-on boosters in 2015, under a cooperative agreement with ULA to provide additional lift capability for the Vulcan launch vehicle. The motor was qualified for flight in 2020 via static test firing at the company’s Promontory, Utah, test facilities. In June 2022, ULA awarded Northrop Grumman a multi-year contract worth more than $2 billon for increased production of its GEM boosters, which will support Amazon’s Project Kuiper and additional ULA customers.

Northrop Grumman has supplied rocket propulsion to ULA and its heritage companies for various launch vehicles since 1964. The GEM 63XL is an extended length variation of the GEM 63 boosters, which have supported eight Atlas V launches with 27 boosters to date.

The company’s Commerce, Calif., facility also manufactured the Vulcan launch vehicle’s hydrazine diaphragm propellant tank, which feeds the Centaur upper stage Reaction Control System to provide guidance and control during the later stages of launch. This tank is a more powerful successor to the ones previously supplied by Northrop Grumman for the Atlas V and Delta IV programs.

Forward-Looking Statements

Alaska Airlines cancels more than 200 flights after FAA order

January 7, 2024 / WIL BALDWIN

January 7, 2024, Reuters – Alaska Airlines said it had canceled 170 flights on Sunday and a further 60 on Monday, after the U.S. Federal Aviation Administration (FAA) ordered the grounding of 171 Boeing 737 MAX 9 airplanes to run inspections following an incident aboard Alaska Airlines Flight 1282.

The airline said cancellations would continue through the first half of the week. The Sunday cancellations affected nearly 25,000 guests, added the Seattle-based carrier, which has 65 737 MAX 9 aircraft in its fleet.

Click the link below to read the full story!

FAA orders grounding of 171 Boeing jets

Alaska Airlines takes delivery of first longer range Boeing 737-8

January 4, 2024 / WIL BALDWIN

Seattle, Washington, January 4, 2024 – Alaska Air Group Inc (NYSE: ALK) continues to grow as we welcome delivery of the first Boeing (NYSE: BA) 737-8 to our aircraft lineup – the next component of our strategic, long-term fleet plan that builds on our strengths and provides a road map for ongoing future success.

We proudly fly the youngest fleet of all U.S. airlines, and from 2024 through 2027, we are on track to add 15-25 new Boeing aircraft each year. We currently have firm orders for 80 more 737 MAX aircraft, and options and purchase rights for another 105. Our first 737-10 is scheduled for delivery in 2025.

In March 2022, Alaska adjusted our existing 737-9 aircraft order with Boeing to include the bigger 737-10 and longer-range 737-8. The additional 737 models will enhance profitability and guest satisfaction by offering us more ways to deploy the optimal aircraft size and capability in each market we fly.

Forward-Looking Statements

JetBlue started new low fare service to Tallahassee, Florida Today

January 4, 2024 / WIL BALDWIN

New York, NY, Thursday, January 4, 2023, Business Wire – JetBlue Airways Corp (NASDAQ: JBLU) announced today that it has officially launched service between Fort Lauderdale-Hollywood International Airport (FLL) and Tallahassee International Airport (TLH), with the first flight arriving in Tallahassee this morning. JetBlue’s new intrastate service will operate daily, introducing the airline’s award-winning service, low fares and a better travel option for customers on a route with limited competition.

In Florida, JetBlue currently offers service in its focus cities of Fort Lauderdale and Orlando, as well as in Miami, West Palm Beach, Key West, Jacksonville, Fort Myers, Sarasota/Bradenton and Tampa. Within the state, JetBlue currently offers flights from Fort Lauderdale to Jacksonville. With Tallahassee service starting today, JetBlue will now serve over 40 destinations from Fort Lauderdale.

Convenient travel to Tallahassee is essential, given its critical role as the Florida state capital and as home to major universities; however, its distance from South Florida puts it just too far to easily drive. JetBlue’s daily service offers those travelling back and forth for business or education an affordable and comfortable option, while also creating opportunities for both leisure and business customers traveling from Tallahassee to connect in Fort Lauderdale to other JetBlue destinations.

Forward-Looking Statements

Microgrid solutions to support UK supply chain

January 4, 2024 / WIL BALDWIN

The UK supply chain is looking to become greener, investing in sustainable energy solutions to power everything from cargo transport to warehousing. At the same time, recent challenges from Brexit to the COVID-19 pandemic and the temporary obstruction of the Suez Canal have all impacted the import and export of essential products and highlighted inadequacies in national reserves.

All of this has caused a visible change in the UK landscape, with a ballooning demand for storage solutions that are both reliable and sustainable.

Developing a future proof solution

At Symmetry Park Biggleswade, industrial and logistics developer Tritax Symmetry has been working to develop such a solution with BasePower Ltd, a growing energy services developer focused on delivering sustainable, low-cost and high-efficiency solutions that enable the UK’s energy transition.

While strategically located to support customers’ needs, logistics parks are often located in areas where grid capacity is constrained and, in some cases, completely unavailable for new developments.

To future-proof the site and provide renewable, resilient power BasePower selected a Rolls-Royce Holdings PLC (London: RR) mtu microgrid solution that includes three mtu CHP units, two mtu EnergyPack battery containers, two mtu emergency gensets and the complete microgrid control system.

Not only does it promise to deliver…

Clickthe link below to read the full story!

Microgrid solutions to support UK supply chain

Forward-Looking Statements

Agreement for Ritz-Carlton and Marriott Hotels brands at China National Convention Center

January 3, 2024 / WIL BALDWIN

Marriott International Signs Agreement to Bring the Ritz-Carlton and Marriott Hotels Brands to China National Convention Center in Beijing

Marriott International, Inc. (NASDAQ: MAR), recently announced that it has signed an agreement with Beijing North Star Company Limited to open the third The Ritz-Carlton and the first Marriott Marquis Hotel in Beijing. Expected to open in 2026, The Ritz-Carlton Beijing, North will provide its legendary service and elegant design to travelers in and abroad, while Beijing Marriott Marquis Hotel will deliver a perfect blend of heartfelt service and modern style at China National Convention Center Phase II, a large complex with hotels, retails, offices, leisure facilities, and spacious venues for high-level conferences, exhibitions, and events.

China National Convention Center Phase II is a large complex with a total of approximately 780,000 square meters that includes hotels, retails, offices, leisure facilities, as well as extensive spaces for high-level conferences, exhibitions, and events. As a key component of China National Convention Center Phase II, the hotels are approximately 20 kilometers away from Beijing Capital International Airport. Leisure and cultural attractions such as the National Stadium (Bird’s Nest), the National Aquatics Center (Water Cube), and China Intangible Cultural Heritage Museum are within walking distance.

Designed by the internationally acclaimed interior design firm Yabu Pushlberg Inc., The Ritz-Carlton Beijing, North is expected to feature 282 elegantly appointed guestrooms and suites. Guests will be able to enjoy refined dining experiences across its six distinct venues. Reactional facilities are expected to include an indoor swimming pool, fitness center, as well as The Ritz-Carlton Spa. Additionally, the hotel will offer well-equipped conference and event facilities totaling 968 square meters.

Beijing Marriott Marquis Hotel is anticipated to offer 671 guestrooms and suites, together with a range of culinary venues including an all-day dining restaurant, specialty restaurant and a relaxed lobby bar and lobby lounge (The Greatroom). Planned facilities also include a swimming pool and fitness center, as well as 3,207-square –meters of conference and event spaces including a Grand Ballroom, two Junior Ballrooms, three meeting rooms, and an executive club lounge – M Club. Guests can expect Marriott Hotels’ signature heartfelt service, with modern design, comfortable spaces and enriching experiences that blends leisure and business.

Forward-Looking Statements

Boom selects Honeywell Anthem Integrated Flight Deck for Overture

January 3, 2024 / WIL BALDWIN

Today Boom announced it has signed a supplier agreement with tier-one aerospace leader Honeywell International Inc (NASDAQ: HON), joining a growing network of global suppliers for Overture. As part of the agreement between the two companies, Honeywell’s next-generation flight deck and its modular avionics platform will be incorporated into Overture.

As a pioneer in integrated modular avionics, Honeywell has successfully matured multiple generations of flight deck technology. Honeywell’s unmatched expertise in the development and certification of large and complex avionics systems provides a foundation for the development and certification of a new generation of integrated avionics onboard Overture.

The Honeywell Anthem flight deck will be tailored for Overture’s specific mission requirements, helping to enable exceptional situational awareness and enhanced safety. The advanced avionics interface provides continuity to Boom pilots from initial flight training in a simulator, through to physical test flights. Anthem empowers pilots with advanced and intuitive features and capabilities that dramatically improve aircraft operability, including:

Enabling display and control customization, allowing pilots to modify their flight path, review the changes, and initiate the new path with ease.
Prioritizing improved situational awareness, streamlining the pilot’s primary tasks of aviating, navigating, and communicating. The platform leverages proven technologies, like conformal Synthetic Vision, to further integrate the pilot with the flight deck avionics. From visualizing energy management to increasing terrain awareness, the high resolution displays combine flight symbology with perspective terrain to make flying easier and safer.
Next-generation touchscreen interfaces that grant ready access to features like the radio interface and graphical flight planning on the map.

Forward-Looking Statements

Developing a future proof solution

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