Category: Great Britain (Page 5 of 12)

Saab opens new radar production site in Fareham, Hampshire, England

September 9, 2023 / WIL BALDWIN

Saab (SAAB-B.ST) UK’s Sensor Systems business operates from Saab’s site in Fareham, with a team also located in Farnborough. The skilled staff in Fareham primarily produce and integrate the new Deployment Set, a configuration of the Giraffe 1X highly mobile, compact, rapidly deployed, software-based, 3D AESA radar. This increases Saab’s production capacity for its Giraffe 1X Deployment Set and the first units are already in production at the Fareham site.

Saab UK’s Sensor Systems business will also act as a Centre of Excellence developing follow-on UK Intellectual Property in the radar domain. It will also grow to maintain existing radars in-service with the UK Ministry of Defence, such as Giraffe 1X and Giraffe AMB air defence radars and artillery locating MAMBA (Arthur) radars.

Saab UK’s Fareham site has been growing with the announcement in February 2023 of the expansion of its Underwater Systems business of Seaeye autonomous and remotely operated vehicles. Across the UK, Saab has eight principal sites which focus on software engineering, underwater robotics, training services, radars and more.

Saab UK’s presence has been growing at pace, with employee numbers quadrupling through consolidation, acquisition and organic growth, bringing together the best of Swedish and British innovation.

The whole site in Fareham benefits 400 jobs at Saab, in established and future roles across various business activities.

Rolls-Royce pioneering electrification in aviation at scaleRolls-Royce

September 1, 2023 / WIL BALDWIN

At Rolls-Royce (OTC: RYCEY), we aim to lead the Advanced Air Mobility market and achieve the world’s first certification of an electric engine for commercial aircraft by the mid-2020s. Light aircraft are already flying with electric propulsion, demonstrating the technological possibilities for the decarbonisation of large aviation in the future, if we can develop at scale.

In 2022, Rolls-Royce Electrical launched a dedicated programme that will enable us to achieve the levels of mass production needed to support the industry, embedding industrialisation within our electric propulsion product portfolio.

To do this, the programme is focussed on developing the right capabilities within the business’s core functions: supply chain, manufacturing, quality and services. As such, our core industrialisation team is working in close collaboration with a new product introduction projects team to ensure that any under-development electric drive technologies and systems can be sourced, manufactured and serviced at scale.

Rolls-Royce supply chain teams are responsible for sourcing partners to produce materials that will not only uphold the highest of aviation safety standards but that can be sourced and brought to the assembly line affordably and at pace, ready to support mass production.

Once chosen, the supply chain team also support our engineers by working hand-in-hand with suppliers throughout the product’s design to ensure that customer needs are met.

Repro Free Iarnród Éireann to make transformative investment in signalling to increase the capacity of Cork commuter rail network. Pictured at the announce meant at Kent Station, Cork city were Alstom Ireland Managing Director, Piers Wood; Minister for Finance Michael McGrath TD and Iarnród Éireann Chief Executive Jim Meade. Pic Daragh Mc Sweeney/Provision

Alstom chosen to provide Smartlock Interlocking & ETCS for Cork Area commuter rail

August 23, 2023 / WIL BALDWIN

August 23, 2023 – Alstom (OTC: ALSMY), the global leader in smart and sustainable mobility, has been awarded a groundbreaking contract by Irish Rail (Iarnród Éireann) to revolutionise rail travel and mobility on the Cork Area Commuter Rail (CACR) network. The project, set to enhance the rail service within the Cork metropolitan area, will feature Alstom’s cutting-edge signalling technologies – Smartlock Computer-Based Interlocking (CBI) system and European Train Control System (ETCS).

The CACR project aims to modernise and upgrade 62km of the rail network, stretching from Mallow to Cork, Cobh, and Midleton, creating a seamless, high-frequency unified suburban rail service for the people of Cork.

Alstom’s Smartlock Interlocking System: A Foundation for Safety and Efficiency

At the core of this transformative initiative is Alstom’s Smartlock CBI system. This state-of-the-art technology will serve as the project’s primary foundation, offering a safe, simplified, and maintenance-friendly solution. By directly interfacing with axle counters and trackside objects through SmartIO, the Smartlock system eliminates the need for intermediate relays, ensuring a robust, efficient, and streamlined operation.

ETCS: Ensuring Continuous Train Protection and Efficiency

In addition to Smartlock interlocking, the project will also feature the European Train Control System (ETCS) Level 1 trackside technology. ETCS is a train protection system that guarantees enhanced safety, efficiency, and reliability throughout the Greater Cork area. The implementation of ETCS further strengthens the commitment to safety and ensures a smooth, secure, and eco-friendly rail network.

JetBlue Announces Record and Payment Dates for Additional Prepayment to Spirit Stockholders of August 2023

August 15, 2023 / WIL BALDWIN

New York, NY, August 15, 2023 – (BUSINESS WIRE) – As previously announced, in connection with the Agreement and Plan of Merger, dated as of July 28, 2022 the “Merger Agreement”, by and among JetBlue Airways Corporation (NASDAQ: JBLU), Sundown Acquisition Corp., and Spirit Airlines, Inc. (NYSE: SAVE), JetBlue has set August 25, 2023, as the record date for the August 2023 prepayment to Spirit stockholders of $0.10 per Spirit share (the “August 2023 Additional Prepayment”), with payment of the August 2023 Additional Prepayment to occur on August 31, 2023. Pursuant to the Merger Agreement, Spirit stockholders as of the August 25, 2023, record date will be entitled to receive the August 2023 Additional Prepayment.

JetBlue and Air Serbia Announce New Codeshare Agreement

August 7, 2023 / WIL BALDWIN

New York, N.Y., BUSINESS WIRE – JetBlue Airlines (NASDAQ: JBLU) and Air Serbia today announced a new partnership making Air Serbia-operated flights available on JetBlue.com with a new codeshare agreement.

Beginning July 26, 2023, JetBlue placed its “B6” airline code on Air Serbia-operated nonstop flights from New York’s John F. Kennedy International Airport (JFK) and Chicago’s O’Hare International Airport (ORD) to Belgrade’s Nikola Tesla Airport (BEG). Additionally, JetBlue plans on placing its “B6” code on other flights between Belgrade and points in Europe in the near future. Air Serbia plans to add their “JU” airline code to 25 destinations throughout the JetBlue network.

JetBlue is New York’s Hometown Airline®, and a leading carrier in Boston, Fort Lauderdale-Hollywood, Los Angeles, Orlando and San Juan. JetBlue carries customers to more than 100 destinations throughout the United States, Latin America, Caribbean, Canada, United Kingdom and France. For more information and the best fares, visit jetblue.com.

A.P. Moller – Maersk reports robust Q2 financial results in difficult market

August 7, 2023 / WIL BALDWIN

Copenhagen, Denmark – A.P. Moller – Maersk (OTC: AMKBY) reports a second quarter of 2023 ahead of expectations, while the ongoing market normalisation continued through the quarter leading to lower volumes and lower rates. Revenue stood at USD 13.0bn compared to USD 21.7bn in Q2 2022 while profitability was strong at 12.4% although significantly lower compared to the extraordinarily strong Q2 2022. Reflecting the strong first half performance, Maersk raises its financial outlook and now expects underlying EBITDA of USD 9.5 – 11.0bn (previously USD 8.0 – 11.0bn), underlying EBIT of USD 3.5 – 5.0bn (previously USD 2.0 – 5.0bn) despite a weakened second half market outlook.

Ocean revenue decreased to USD 8.7bn from USD 17.4bn driven by a decrease in freight rates and loaded volumes. While the volume and rate environment stabilized at a lower level during Q2, Ocean continued to be impacted by lower demand, driven by a significant inventory correction in particular in North America and Europe. A strong cost management allowed to partially offset the top line impact on financial performance in Ocean.

Revenue in Logistics & Services was USD 3.4bn compared to USD 3.5bn. The segment was also impacted by lower volumes due to the continued destocking and weaker consumer demand, as well as low rates. As in Ocean, market demand is expected to continue to be subdued as long as the inventory correction is ongoing.

Revenue in Terminals decreased to USD 950m from USD 1.1bn and was influenced by the normalisation of storage revenue and lower volumes amid lower consumer demand and less congestion in North America. Strong cost control contributed to a continued solid financial performance.

Saab offers four Expeditionary Submarines to the Netherlands

July 28, 2023 / WIL BALDWIN

July 28, 2023 – Supported by Sweden and the United Kingdom, Saab (OTC: SAABF) has today submitted its proposal for the replacement of Netherland’s current submarines. The proposal comprises four advanced Expeditionary Submarines with the latest innovations and technologies and includes a cooperation with Dutch shipbuilder Damen Shipyards Group.

Saab’s offered solution is based on a successful, proven and future-proof design. It will incorporate the latest capabilities and technologies, whilst its truly modular design will allow for new technologies as they evolve to ensure relevance for many years to come.

Saab and Dutch shipbuilder Damen Shipyards Group have cooperated since 2015 and the offer to build submarines to replace the Dutch Walrus-class is a balanced cooperation between the Netherlands and Sweden.

The C718 is an advanced Expeditionary Submarine that offers an unsurpassed level of endurance and exceeds the Royal Netherlands Navy needs for long-distance operations, sufficient accommodation, crew comfort and increased weapon payload capability.

Sweden, through Saab’s business area Kockums, has a long tradition in producing world class submarines. Four nations are currently operating submarines and submarine technology designed by Saab’s business area Kockums; Sweden, Australia, Japan and Singapore.

TUI River Cruises launches Nile River cruise with fourth ship the TUI Al Horeya

July 23, 2023 / WIL BALDWIN

TUI (London: TUI) River Cruises has announced a brand-new River Nile cruise set to commence in Winter 2024 with exclusive TUI charter flights to Luxor from London Gatwick and Manchester Airports. The exciting expansion means that the river cruise line will add a fully refurbished five-star ship, to be named TUI Al Horeya, which means ‘freedom’, to operate seven-night, all-inclusive round-trip sailings from Luxor. TUI Al Horeya can accommodate 145 passengers and offers 74 cabins including singles, standard cabins and suites.

Two flights per week will operate from London Gatwick and Manchester to Luxor; a city which encompasses a mesmerizing blend of history, architecture, and culture. The new routes is exclusive to TUI, which will be the only tour operator to offer direct, non-stop flights from the UK to Luxor which will operate weekly on a Thursday from 7^th November 2024 until 24^th April 2025.

Dedicated licenced Egyptologists will be on hand throughout the trip to enhance the customer experience to be on hand to answer any questions. The modern and contemporary ship will boasts a top deck swimming pool, two whirlpools, an entertainment area, restaurant, Al Fresco dining, lounge bar, wellness studio and a boutique shop.

Like the rest of the fleet, TUI Al Horeya will include a day and night entertainment programme, as well as offering customers a wide range of excursions which have been curated by industry experts, guaranteed to transport visitors back in time to the era of pharaohs and dynasties.

PHASA-35 completes first successful stratospheric flight

July 15, 2023 / WIL BALDWIN

Over a 24-hour period, PHASA-35 soared to more than 66,000 feet, reaching the stratosphere, before landing successfully. The trial, completed last month in New Mexico in the USA, allowed engineers to assess the performance of the experimental solar-electric drone within the outer-reaches of the planet’s atmosphere.

The flight marks a significant milestone in PHASA-35’s development which began in 2018. Designed by BAE Systems’ (OTC: BAESY) subsidiary Prismatic Ltd to operate above the weather and conventional air traffic, it has the potential to provide a persistent and stable platform for various uses including ultra-long endurance intelligence, surveillance and reconnaissance, as well as security.

It also has the potential to be used in the delivery of communications networks including 4G and 5G and could be used in a wide range of applications, such as disaster relief and border protection, as an alternative to traditional airborne and satellite systems.

The PHASA-35 programme sits within FalconWorks™, a new centre for advanced and agile research and development within BAE Systems’ Air sector, designed to deliver a range of cutting-edge combat air capabilities to the UK and its allies.

PHASA-35, which has a 35-metre wingspan and carries a 15kg payload, uses a range of world-leading technologies including advanced composites, energy management, solar electric cells and photo-voltaic arrays to provide energy during the day which is stored in rechargeable cells to maintain ﬂight overnight.

The successful trial assessed the performance of the experimental system across a range of areas. It is the first in a series of trials planned to confirm system performance, support development activities and validate test points to enable PHASA-35 to be made available in defence and commercial markets internationally.

The latest trials took place from Spaceport America in New Mexico, flying in the White Sands Missile Range, and are sponsored by the US Army Space and Missile Defense Command Technical Center. This test flight at White Sands Missile Range was coordinated and directly supported by personnel attached to Naval Surface Warfare Center, Port Hueneme Division, Detachment White Sands.

Virgin Atlantic Cargo announces SAFc Program

July 13, 2023 / WIL BALDWIN

Virgin Atlantic Cargo has announced a Sustainable Aviation Fuel Certificate (SAFc) program, designed to help freight forwarders and shippers manage their carbon emissions whilst demonstrating joint commitment to scaling the SAF industry.

Customers participating in the scheme will contribute to the airline’s purchase of SAF, receiving a SAF certificate for the associated scope 3 emissions reductions. Customers will also benefit from detailed insight into their Scope 3 air freight emissions via Virgin Atlantic Cargo’s own air freight carbon calculator. Developed in-house and independently certified, the calculator uses an industry recognised methodology and Virgin Atlantic’s actual flight emissions data to provide powerful insights to participating customers, enabling them to take action on their carbon footprint.

DB Schenker is the first to participate in the scheme with the purchase of over several thousand tonnes of scope 3 emissions reductions. The global logistics service provider is continuously expanding its SAF based air freight solutions.

The SAFc programme is driven by the airline’s commitment to 10% SAF by 2030 on the pathway to Net Zero 2050. The scheme creates a broader industry coalition that can provide further proof of the demand and support needed to scale a UK SAF industry which is key to decarbonising aviation.

Virgin Atlantic’s first UK SAF supply of 2.5 million litres of Neste Oyi neat SAF delivered into London Heathrow in 2022 is fuelling the programme. This is an important milestone as the airline scales it’s use and commitment to SAF in the UK.

Virgin Atlantic and Virgin Atlantic Cargo are committed sustainability leaders. The airline operates one of the youngest and fuel efficient commercial fleets across the Atlantic and has over fifteen years of supporting SAF development, including ambitions to fly the world’s first 100% SAF transatlantic flight later this year.

Alstom’s Smartlock Interlocking System: A Foundation for Safety and Efficiency

ETCS: Ensuring Continuous Train Protection and Efficiency

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