Category: Space News (Page 3 of 9)

Boeing names Stephanie Pope as Chief Operating Officer

December 11, 2023 / WIL BALDWIN

Arlington, Virginia, December 11, 2023, PRNewswire – Boeing (NYSE: BA) today announced Stephanie Pope as executive vice president and chief operating officer of The Boeing Company. In this newly created position, effective January 1, 2024, Pope will report to Boeing President and Chief Executive Officer Dave Calhoun.

As Boeing COO, Pope will oversee the performance of the company’s three business units with responsibility for driving supply chain, quality, manufacturing and engineering excellence across the company. The business unit Chief Executive Officers, the Boeing Chief Engineer and the President of Boeing Global will report directly to Pope. Senior corporate functional leaders will continue reporting to Calhoun.

Pope’s successor to lead Boeing Global Services will be named at a later date.

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.

RTX interceptor test successfully defeats ballistic missile target

December 11, 2023 / WIL BALDWIN

ARLINGTON, Va., Dec. 11, 2023 /PRNewswire/ — An Exoatmospheric Kill Vehicle, developed by Raytheon, an RTX (NYSE: RTX) business, successfully destroyed an Intermediate-Range Ballistic Missile during a recent test of the Ground-based Midcourse Defense System. The test was conducted today in the Pacific region by the U.S. Missile Defense Agency and the U.S. Northern Command.

This was the 13^th intercept for the program, which protects the U.S. by destroying incoming ballistic missiles while they are outside the Earth’s atmosphere.

With more than 30-years of experience in developing advanced interceptors and sensors, Raytheon is the leading provider of missile defense capabilities. This test further validates Raytheon’s expertise in supporting the Missile Defense Agency’s current fleet of ballistic missile defense sensors and interceptors. Raytheon is currently developing the next evolution of ballistic missile interceptors and kill vehicles that will provide warfighters with a more robust missile defense capability against current and future threats.

Raytheon’s EKV is developed in Tucson, Arizona and the AN/TPY-2 and X-Band Radar are developed in Andover, Massachusetts.

Forward-Looking Statements

Rolls-Royce appoints VeraLinn “Dash” Jamieson to North American Board

December 6, 2023 / WIL BALDWIN

Rolls-Royce Holdings PLC ((London: RR) announced the appointment of Lt. Gen. VeraLinn ‘Dash’ Jamieson, USAF (ret) to its Board of Directors for Rolls-Royce North America (RRNA).

Lt. Gen. Jamieson served 37 years in the U.S. Air Force, most recently as Director of the Intelligence Surveillance, Reconnaissance and Cyber Effects Operations. She is combat experienced, an operational expert, and an adept air, space and cyber strategist. During her distinguished career, Lt. Gen. Jamieson directed intelligence operations for multiple contingencies to include operations Desert Storm, Allied Force, Unified Response, Enduring Freedom and Iraqi Freedom.

Lt. Gen. Jamieson officially joined the Board on November 30. She will also serve on the Board’s Government Security Committee as part of the RRNA Special Security Agreement with the U.S. Department of Defense.

Forward-Looking Statements

Rolls-Royce extends sponsorship of Technology Lab in Friedrichshafen

December 6, 2023 / WIL BALDWIN

Friedrichshafen, Germany, December 6, 2023 – Rolls-Royce Holdings PLC (London: RR) is to prolong its sponsorship of the Friedrichshafen Wissenswerkstatt e.V. (technology lab) and has committed to continuing funding for another five years. That means that the Wissenswerkstatt Friedrichshafen will benefit from a total of 250,000 euros up to 2028. It offers technology courses for children and teenagers from the age of five to eighteen at two locations in Friedrichshafen.

The courses given in the Wissenswerkstatt are not just designed to impart knowledge, but to highlight the enjoyable side of technology. In a relaxed atmosphere, the participants, working in groups of up to 14 or individually, engage in practical projects such as ‘Voltage from Veg – the Potato Battery’, or ‘The Internal Combustion Engine’s, or ‘Robotics – When Machines Do What I Say’.

One contribution Rolls-Royce Power Systems already made to the Wissenswerkstatt is an mtu Series 1600 engine on which participants learn about how an internal combustion engine is structured and works.

The general members’ meeting of the Wissenswerkstatt voted for Martin Stocker, head of training at Rolls-Royce Power Systems, to take up a seat on the board of the organization, which he will be retaining voluntarily in the future.

Forward-Looking Statements

Rolls-Royce unveils micro reactor space model for moon exploration

December 1, 2023 / WIL BALDWIN

The UK Space Conference was the ideal place for Rolls-Royce Holdings PLC (London: RR) to reveal the Micro-Reactor model, which generated cross-industry interest that included a visit from European Space Agency Astronaut Major Tim Peake. The Rolls-Royce Novel Nuclear team were delighted to talk Tim through the model and the applications of our technology in Space.

In March 2023, Rolls-Royce secured funding of £2.9m from UK Space Agency, backing our research into how nuclear power could be used to support a future Moon base for astronauts. The technologies presented at the UK Space Conference are the culmination of this year’s research.

Scientists and engineers at Rolls-Royce, alongside strategic partners, have been working on several work packages under the UK Space Agency funded programme, to further strengthen its knowledge of these complex systems. The work packages have specifically focused on three key features of the Micro-Reactor; the fuel used to generate heat, the method of heat transfer and technology to convert that heat into electricity.

All space missions depend on a power source and, as a self-contained and power-dense solution, a Micro-Reactor can provide power for the habitation and exploration of a planetary surface, or power and propulsion for spacecraft. Continuous power and efficient propulsion can also provide satellites with more flexible movement to protect and defend key orbits.

Forward-Looking Statements

U.S. and Switzerland sign agreement for PAC-3 MSE missiles

November 2, 2023 / WIL BALDWIN

Bern, Switzerland, Oct. 31, 2023 – United States and Switzerland officials formalized an agreement for Switzerland to purchase Lockheed Martin’s (NYSE: LMT) Patriot Advanced Capability-3 (PAC-3) Missile Segment Enhancement (MSE) missiles and related support equipment. With this agreement, Switzerland becomes PAC-3’s 15th partner nation.

PAC-3 MSE will bolster Switzerland’s Patriot ground-based air defense system as a part of the Switzerland Air Force’s Air2030 program.

Lockheed Martin and armasuisse also finalized the Offset Agreement supporting the PAC-3 MSE program. This agreement is the catalyst for multiple new projects that will support Switzerland’s security-relevant technology and industry base (STIB).

The PAC-3 MSE expands the battlespace with a dual-pulse solid rocket motor, providing increased performance in altitude and range. PAC-3 MSE is a high-velocity interceptor that defends against incoming threats, including tactical ballistic missiles, cruise missiles, advanced threats and aircraft. The PAC-3 MSE missile uses Hit-to-Kill technology, intercepting threats through kinetic energy via body-to-body contact.

Forward-Looking Statements

This press release 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.

Saab Q3 2023 results: Growth momentum in an evolving market

October 27, 2023 / WIL BALDWIN

Saab AB (Stockholm: series B: SAABb)President and CEO Micael Johansson says “The geopolitical tensions are impacting our industry and driving the largest increase in defence investments in the last 30 years, particularly in Europe. In the third quarter, high demand for Saab’s broad defence portfolio continued to result in significant order intake, strong sales growth and improved profitability.”

Key highlights Q3 2023

Order intake amounted to SEK 14,977m (7,772) with strong growth in all order sizes in the quarter.
Sales increased to SEK 11,527m (8,751) with an organic growth of 31%, driven by growth in all business areas.
EBITDA increased 28% and amounted to SEK 1,424m (1,115), corresponding to an EBITDA margin of 12.4% (12.7).
Operating income (EBIT) increased 51% and amounted to SEK 859m (568). The EBIT margin was 7.5% (6.5) with improvements in several business areas in the quarter.
Net income for the period increased to SEK 656m (324) and earnings per share amounted to SEK 4.84 (2.28).
Operational cash flow in the quarter was SEK -2,058m (559) mainly due to timing of customer payments combined with higher investments.
Net liquidity position in the quarter was SEK 1.4 bn (0.4).
Upgraded outlook for organic sales growth 2023: organic sales growth to be between 19-23%, compared to previous outlook of 16-20%.

For more information and explanations of the above key ratios, please see www.saab.com/investors/financials/financial-data.

Luxembourg, Historical city center in the morning, Aerial View

SkyWest orders 19 Embraer E175 aircraft for United Airlines operations

October 26, 2023 / WIL BALDWIN

Sao Jose dos Campos, Brazil, October 26, 2023 – Embraer (NYSE: ERJ) has agreed to the sale of 19 new E175 jets to SkyWest, Inc. (NASDAQ: SKYW) for operation in the United Airlines (NASDAQ: UAL) network, adding to the 90 E175 jets SkyWest already operates for United. The E175 aircraft will fly exclusively with United under a Capacity Purchase Agreement (CPA). The value of the contract, which has been included in Embraer’s Q3 backlog, is US$1.1billion, based on list price.

The 70-seat aircraft will be delivered in a three-class configuration. Deliveries will begin Q4 2024.

About Embraer

A global aerospace company headquartered in Brazil, Embraer has businesses in Commercial and Executive aviation, Defense & Security and Agricultural Aviation. The company designs, develops, manufactures and markets aircraft and systems, providing Services & Support to customers after-sales.

Airbus signs 1.2 billion Euro contracts for support of France’s A330 MRTT fleet

October 24, 2023 / WIL BALDWIN

Getafe, Spain – 23 October 2023 – Airbus Group SE (Paris: AIR) Defence and Space has signed two contracts valued at 1.2 billion euros in total with France’s Direction generale de l’armement (DGA) and Direction de la Maintenance Aeronautique (DMAe) for the Capability Enhancement and the In-Service Support of the French A330 MRTT’s (Multi Role Tanker Transport) fleet.

Standard 2 contract: Stepping stone of the Multi Role Tanker Transport of the future

The Standard 2 contract provides for the capability extension of the French MRTTs, focused on connectivity as a key pillar and also self-protection capabilities. With the aim of being connected in all circumstances, including jammed environments and extreme weather conditions, the aircraft will be equipped with the MELISSA satcom station.

These new capabilities will convert the French A330 MRTT into a high bandwidth communication relay node, with command and control capabilities, and will build the stepping stone of the A330 MRTT’s integration into the future air combat cloud within the FCAS.

10 years In-service support

The second contract covers the In-Service Support of the ‘Phénix’ fleet for 10 years, plus two optional years, at the Istres Air Base, southern France, home to the 31st Strategic Air Refuelling and Transport Wing. Airbus, as the prime contractor, together with its preferred partners in France, will be responsible for fleet modernisation, maintenance, logistics and technical support to ensure the aircraft’s operational availability. The local Airbus team in France will be doubled to support these activities.

Maersk signs deal with Starlink for its ocean fleet

October 12, 2023 / WIL BALDWIN

Copenhagen, Denmark, October 12, 2023 – A.P. Moller – Maersk (London: 0O77) is embarking on a collaboration with Starlink, the pioneering satellite internet constellation developed by Space Exploration Technologies Corp., commonly referred to as SpaceX. SpaceX was founded in 2002 by Elon Musk of Tesla (Nasdaq: TSLA) fame.

Maersk, the global leader of integrated container logistics, will have Starlink installed on more than 330 own operated container vessels. This will enabling high-speed internet with speeds over 200 Mbps, service that is a leap forward in terms of internet speed and latency bringing significant benefits in terms of both crew welfare and business impact.

The agreement comes after a successful pilot phase where crew members on more than 30 Maersk vessels have had the opportunity to test the Starlink technology – resulting in very positive feedback.

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