Category: Economy News (Page 19 of 116)

Successful live fire demo clears path for Spike NLOS airworthiness release

December 7, 2023 / WIL BALDWIN

Yuma, Arizona, December 7, 2023 – Lockheed Martin Corporation (NYSE: LMT) successfully fired eight Spike NLOS all up rounds (AURs) over the course of five days from the U.S. Apache Echo Model V6 at Yuma Proving Ground in Arizona. The successful live fire event clears the Spike NLOS Long Range Precision Munitions Directed Requirement (LRPM DR) system for Airworthiness Release (AWR) for the U.S. Apache platform, which paves the way for starting to equip the system onto the U.S. Army’s current Apache V6 platforms.

The demonstration featured eight Spike NLOS AURs firing from an Apache platform at a variety of targets, showcasing the system’s different mission set capabilities across multiple scenarios. This demonstration was one of the final steps for the system to receive AWR and allow the Army to begin the fielding Spike NLOS onto its Apache V6 platforms.

In mid-2024, Lockheed Martin will work with the Army to train pilots to use the system on the Apache V6 platforms. The Army expects the Spike NLOS LRPM DR system to be fully integrated onto all 18 Apache Echo Model V6 platforms by September 2024.

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.

JetBlue Flights Take Off for Belize Today

December 6, 2023 / WIL BALDWIN

New York, N.Y., December 6. 2023, Business Wire – JetBlue (NASDAQ: JBLU) today announced it has officially launched service between New York John F. Kennedy International Airport (JFK) and Philip S. W. Goldson International Airport (BZE) in Belize City, Belize, with the first flight arriving in Belize this afternoon. JetBlue’s new Belize City service will operate Mondays, Wednesdays, and Saturdays, introducing the airline’s award-winning service and low fares to customers looking to fly directly from New York.

Belize is one of Central America’s most biodiverse countries. It is home to mystical Mayan caves, wondrous aquatic habitats, and lush national parks, touting tropical jungles, wildlife reserves, and cascading flora and fauna. Located along the Caribbean Sea, Belize offers over 185 miles of barrier reef – the largest in the northern hemisphere – family-friendly attractions, romantic escapes, and many other adventures.

With JetBlue’s entrance into Belize City, JetBlue becomes the only airline to offer nonstop service from New York’s JFK to Belize. Belize City will build on JetBlue’s success in the broader region, where it offers service to 26 countries within Latin America and the Caribbean. In recent years, the airline’s network strategy has focused on enhancing international markets, which has translated into current service to 40 international destinations. As a leader at New York’s JFK, JetBlue’s new route to Belize allows JetBlue to continue to grow in under-served geographies while bringing more choices and options to our customers.

Schedule between New York (JFK) and Belize City (BZE)
Operating Mondays, Wednesdays, and Saturdays

JetBlue will operate the Belize City route using its Airbus A320 aircraft, offering the airline’s award-winning service featuring the most legroom in coach^(a); fast, free and unlimited broadband Fly-Fi^(b); complimentary name-brand snacks and drinks; and seatback entertainment at every seat.

(a) – JetBlue offers the most legroom in coach based on average fleet-wide seat pitch for U.S. airlines.

(b) – Fly-Fi® and live television are available on all JetBlue-operated flights. Coverage area may vary by aircraft. Details on inflight wi-fi and entertainment: https://www.jetblue.com/flying-with-us

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

Walmart+ takes flight with Delta Air Lines

December 6, 2023 / WIL BALDWIN

Making your holiday shopping list? No need to check it twice – customers traveling with Delta Air Lines Inc (NYSE: DAL) this holiday season never have to worry about forgetting to pack something again.

Beginning this month, Delta is teaming up with Walmart Inc (NYSE: WMT) and its Walmart+ service on Delta Sync Wi-Fi to offer customers the power and convenience of shopping from the air, with their preferences, all before they land. The convenience to buy while you fly while accessing fast, free Wi-Fi is another example of how Delta is giving SkyMiles Members even more ways to make the most of their time onboard and beyond.

This holiday travel season, SkyMiles Members have even more ways to enjoy their time on board and beyond. With Delta Sync Wi-Fi, customers can shop holiday sales with an exclusive Walmart+ promotion, play new games from New York Times Games, explore new destinations from Atlas Obscura and more.

Walmart+ is the premier retailer of Delta Sync Wi-Fi and the first brand to join the platform since launch in April. Walmart+ joins Paramount+, T-Mobile, New York Times Games, Resy, Atlas Obscura and more as mainstay brands helping to elevate the in-flight experience.

“By teaming up with Walmart+, we’re not only providing our SkyMiles Members with the convenience of shopping from the air, but also ensuring they have access to even more before they touch down,” said Ranjan Goswami, S.V.P. – Customer Experience Design. “The collaboration epitomizes Delta’s commitment to delivering an exceptional experience to our customers.”

Beginning this month, SkyMiles Members can log in to Delta Sync Wi-Fi to join Walmart+ for $98 and earn 2,500 bonus miles plus $10 off their first Walmart.com order. Once they join, customers can maximize their time on board by browsing everything Walmart’s comprehensive membership has to offer: early access to holiday deals, free shipping, free delivery from Walmart stores, an included Paramount+ subscription, savings on fuel and more.

Forward-Looking Statements

American Airlines debuts record schedule for Cancun Mexico

December 6, 2023 / WIL BALDWIN

American Airlines Group (Nasdaq: AAL) is ready to help customers escape winter weather with more flights than any other U.S. carrier to the white sand beaches, impressive archaeological sites and vibrant culture of Cancun, Mexico (CUN). With 40 peak-day flights this winter, American provides plenty of options for customers to take in all that Cancun and the Riviera Maya has to offer this winter.

Starting Dec. 9, American will launch new nonstop flights to CUN from Cincinnati (CVG), Nashville, Tennessee (BNA), and Pittsburgh, Pennsylvania (PIT). This new flying joins the airline’s winter network, growing to 18 nonstop routes to CUN from around the country.

As the largest U.S. airline serving the Yucatan, American will also operate six peak-day flights to Cozumel (CZM) and two daily flights to Merida (MID) this winter, offering customers the most convenient schedule to plan a winter getaway. Starting March 28, American will also launch four daily nonstop flights to Tulum, Mexico (TQO), adding more nonstop service to the region.

Forward-Looking Statements

Nestle cuts ocean transport emissions with Maersk ECO Delivery solution

December 6, 2023 / WIL BALDWIN

Copenhagen, Denmark/Vevey, Switzerland, December 6, 2023 – Nestle SA (SIX Swiss: NESN), the world’s largest food and beverage company, is cutting its ocean logistics greenhouse gas (GHG) emissions by using the Maersk AS (OTC: AMKBY) ECO Delivery solution for 100% of its ocean containers shipped by Maersk in 2023, with an option to extend this agreement into 2024 and beyond. The seaborne emissions of these transports are being reduced by over 80% compared to the usage of conventional fossil fuels.

With ECO Delivery, Maersk customers can handle ocean transports completely with certified green fuels* like second generation biofuel based on waste feedstocks. These fuels are replacing conventional fossil fuels on container ships in Maersk’s fleet. The corresponding GHG emission savings are confirmed to the customers with a certificate.

Nestlé’s goal is a 50% reduction of its total emissions by 2030 and to be net zero by 2050. With scope 3 emissions being the major part of the overall emissions, ECO Delivery is an effective solution for abatement of scope 3 emissions caused by ocean transports. Nestlé’s water beverages and Nespresso have been two pioneering brands using ECO Delivery since 2021.

Today many more of Nestlé’s up to 2,000 brands are reaching the end consumers with a much smaller GHG footprint thanks to Maersk’s ECO Delivery. Furthermore, Nestlé is one of Maersk’s partners in piloting also low GHG emission landside transports, e.g. by rail or electric trucks.

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

Airbus and BMW Group launch Quantum Computing Competition

December 6, 2023 / WIL BALDWIN

Santa Clara, California, December 6, 2023 – Airbus Group SE (Paris: AIR) and BMW Group (Xetra: BMWG) launch a global Quantum Computing Challenge entitled “The Quantum Mobility Quest” to tackle the most pressing challenges in aviation and automotive that have remained insurmountable for classical computers. This challenge is the first-of-its-kind, bringing together two global industry leaders to harness quantum technologies for real-world industrial applications, unlocking the potential to forge more efficient, sustainable and safer solutions for the future of transportation.

Quantum computing has the potential to significantly enhance computational power and to enable the most complex operations that challenge even today’s best computers. In particular, for data-driven industries like the transportation sector, this emerging technology could play a crucial role in simulating various industrial and operational processes, opening up opportunities to shape future mobility products and services.

Challenge candidates are invited to select one or more problem statements: improved aerodynamics design with quantum solvers, future automated mobility with quantum machine learning, more sustainable supply chain with quantum optimisation, and enhanced corrosion inhibition with quantum simulation. Additionally, candidates can put forward their own quantum technologies with the potential to develop native apps yet to be explored in the transportation sector.

The challenge is hosted by The Quantum Insider (TQI) and divided into two parts, a four-month phase where participants will develop a theoretical framework for one of the given statements, and a second phase during which selected finalists will implement and benchmark their solutions. Amazon Web Services (AWS) provides candidates with an opportunity to run their algorithms on their Amazon Braket quantum computing service.

A jury composed of world-leading quantum experts will team up with experts from Airbus, BMW Group, and AWS to evaluate submitted proposals and award one winning-team with a €30,000 prize in each of the five challenges, by the end of 2024.

Registration opens today, and submissions will be accepted from mid-January through April 30, 2024 here: www.thequantuminsider.com/quantum-challenge.

Forward-Looking Statements

Air Canada makes Europe easy to explore by adding rail booking

December 5, 2023 / WIL BALDWIN

Montreal, December 5, 2023, CNW – Air Canada (Toronto: AC) today announced new air-to-rail booking options for customers to connect at European airports with four major passenger rail systems, making it convenient to explore the continent. Through new railway and distribution partnerships, Air Canada customers, when purchasing flights, can now also easily book onward rail trips to a multitude of destinations throughout France, Germany, Switzerland, and Austria to create a seamless travel itinerary.

With the launch of Air Canada’s European intermodal initiative, customers can now, while purchasing an Air Canada flight, at the same time book rail travel from European airports. Through the airline’s partnership with Lufthansa Express Rail Product and new collaborations with AccesRail & WorldTicket, customers can use a streamlined booking process to create a seamless travel itinerary that connects their flight with trips on trains operated by France’s TGV-SNCF Voyageurs, Germany’s Deutsche Bahn, Swiss Federal Railways or ÖBB, the national railway of Austria.

For added convenience, customers can check in for all segments of their trip prior to departure, avoiding the need to obtain a train ticket at the station. As well, customers experiencing any flight disruption will have both their air and rail segments rebooked to provide peace of mind.

Wing-to-Rail Connections

France: Sold under codeshare on SNCF Voyageurs, customers can purchase a single ticket that connects them at France’s Charles De Gaulle airport in Paris to up to 22 SNCF Voyageurs high-speed rail destinations across France, including Nantes, Bordeaux, Marseille and Strasbourg.
Germany: Air Canada is building on its existing intermodal rail connections with Lufthansa Express Rail which provides access to up to 24 stations on Star Alliance intermodal partner Deutsche Bahn within Germany from Frankfurt airport. With today’s announcement, customers now have expanded options to reach more than 5,600 railway stations across the country using Deutsche Bahn’s Rail and Fly products from Frankfurt and Munich. As of August 2022, Deutsche Bahn became an Intermodal Partner of Star Alliance, the first non-airline partner of any of the major alliances., and Air Canada plans to launch codeshare on the German rail in 2024 via the Lufthansa express rail product, offering customers added benefits.
Switzerland: Customers flying to Zurich or Geneva on Air Canada can now connect at the airport to Swiss Federal Railways trains and reach up to 11 stations throughout Switzerland, including such popular destinations as Basel and Lucerne.
Austria: ÖBB services are now also available from Vienna airport to up to nine railway stations across Austria, including Linz, Salzburg and Innsbruck.

Additional details, including about the simple booking process, available routings and destinations, and other important information are available at www.aircanada.com.

Canton of Lucerne, Lucerne Transport Association, and SBB sign perspective

December 5, 2023 / WIL BALDWIN

The canton of Lucerne, the VVL and the SBB today signed the “Overall Perspective for Lucerne” and named a regional double-decker train the “Luzern”. The christened vehicle is the RV-Dosto RABe 511 016. The train christening symbolizes an important measure from an overall perspective: From December 10, 2023, double-decker trains with significantly more seats will run on the RegioExpress connection between Olten and Lucerne (new RE24). as before.

The trains on the various corridors around Lucerne are very busy during peak hours and no additional trains can arrive and depart from Lucerne station. In order to be able to expand capacity despite the busy rail infrastructure, the RegioExpress trains between Olten and Lucerne will run double-decker on weekdays until 8 p.m. and occasionally on weekends from the timetable change on December 10, 2023. The double-decker train with 535 seats instead of the previous single-decker Flirt with 324 seats (in double traction) significantly increases the capacity on the line and offers passengers more space and comfort. There will also be more space on the S1 after the timetable change: more trains will run with double traction instead of single traction between Baar and Lucerne.

Together for strong public transport

The overall perspective is a work program by the SBB, the VVL and the canton of Lucerne with the aim of strengthening public transport and making it even more customer-friendly. It is the result of intensive cooperation between the three partners and is based on the overall perspective for Central Switzerland that was adopted in 2016.

The overall perspective includes measures up to the 2035 expansion horizon with short and medium-term effects and builds on offer concepts that have already been decided. With an overall perspective, the partners agree on measures for integrated mobility and area development, which in particular coordinate ongoing planning with one another. The three partners – SBB, VVL and Canton – do this in five fields of action: passenger transport, transport hubs, internal development, freight transport and logistics as well as railway infrastructure and railway operational facilities.

The Lucerne through station (DBL) is anchored as a long-term project as a target image. With its local, regional and national benefits, it offers a sustainable development perspective for the greater Lucerne area and central Switzerland. The short and medium-term measures of the overall perspective as well as the fields of action mentioned above are therefore geared towards this target image.

Together for strong public transport

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