Category: Avionics (Page 7 of 43)

Bombardier announces firm order for 12 Challenger 3500 jets

December 26, 2023 / WIL BALDWIN

Bombardier Inc (OTC: BDRBF) has announced that the company received a firm order for 12 Challenger 3500 aircraft. The transaction for the firm order is valued at US$326.4 million based on list prices. The customer has chosen the super-midsize market leader for its outstanding performance, refined cabin and sustainably minded features.

The Challenger 3500 jet offers an unmatched in-flight experience to meet and exceed the expectations of the most discerning travelers. The aircraft’s flawless design provides an unparalleled cabin experience and elevates passengers’ comfort with Bombardier’s revolutionary Nuage seats and cutting-edge cabin technology. With an industry-leading dispatch reliability of over 99.8%, as well as outstanding range and runway performance, the Challenger 3500 aircraft offers the ultimate package, with access to the most remote locations while delivering Bombardier’s signature smooth ride from takeoff to landing.

Deliveries are set to begin in the second half of 2025.

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.

Hahn Air partners with Air Moana

December 25, 2023 / WIL BALDWIN

Hahn Air welcomes Air Moana in its leading partner portfolio. Its flights are available in major GDSs under the Hahn Air Technologies X1 code. Travel agents in 190 markets worldwide can book the domestic airline from French Polynesia via the standard reservation process and issue tickets on the insolvency-safe HR-169 document.

Air Moana is a domestic carrier based at Papeete Faa’a Airport (PPT) in French Polynesia. It was founded in 2021 and it currently serves seven destinations with a fleet of two ATR72-600 aircraft.

More information about Air Moana and other Hahn Air partners is available under Partner Carriers.

Boom Supersonic selects Honeywell Anthem integrated flight

December 25, 2023 / WIL BALDWIN

Boom Supersonic, the company building the world’s fastest airliner, has selected the Honeywell International (Nasdaq: HON) Anthem integrated flight deck for its Overture aircraft. 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.

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 Overture pilots from initial simulator-based flight training through to actual flights. Honeywell successfully completed the first flight of its Anthem integrated flight deck using its Pilatus PC-12 test aircraft in May 2023, paving the way for Federal Aviation Administration certification.

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.

Forward-Looking Statements

Ethiopian Airlines and Citigroup Sign $450M Loan Agreement

December 25, 2023 / WIL BALDWIN

Ethiopian Airlines, Africa’s largest carrier, today announce a landmark USD $450 million loan agreement that will finance five new Boeing (NYSE: BA) aircraft: three Boeing 737-8 and two Boeing 777F Cargo.

The loan will be secured against the value of the five planes and has been arranged exclusively by Citigroup (NYSE: C) Corporate Banking and Export Agency and Finance teams. It is guaranteed by the Export-Import Bank of the United States (EXIM).

The five new aircraft will bolster Ethiopian Airline’s fleet to 150 in total and delivery of all the aircraft will be completed in the U.S. state of Washington in December. The new arrivals will help Ethiopian serve all its destinations by accelerating its expansion throughout the world and will further bolster Ethiopian Cargo & Logistics Services’ position as Africa’s largest cargo network operator. Ethiopian Airlines has ambitions to grow its fleet to over 270 aircraft by 2035.

Forward-Looking Statements

Saab receives order from NATO for RBS 70 Bolide missiles

December 23, 2023 / WIL BALDWIN

SAAB AB ser. B (London: 0GWL) has received an order for RBS 70 Bolide missiles from the NATO Support and Procurement Agency (NSPA). The order value amounts to SEK 350 million and deliveries will take place during 2027.

The RBS 70 system has an installed base in more than 19 countries, with 1,600 RBS 70 systems and more than 18,000 missiles delivered. The Bolide missile is the 3rd generation, all-target, short-range air defence missile from Saab. With the Bolide missile, the RBS 70 system targets a complete threat spectrum: from fixed and rotary wing aircraft, down to small targets such as cruise missiles and UAVs, with a range of more than 9 kilometres and with altitude coverage in excess of 5,000 metres.

Forward-Looking Statements

Embraer doubles service center capacity by expanding maintenance and customer support

December 20, 2023 / WIL BALDWIN

Embraer is expanding with 3 additional MRO facilities in Texas, Ohio, and Florida

Melbourne, Florida, December 20, 2023 – Embraer (NYSE: ERJ) announced today that it is doubling its maintenance service capacity in the United States, to support the continued growth of its executive jets’ customer base through the addition of three Executive Aviation Maintenance, Repair and Overhaul (MRO) facilities in Dallas Love Field, TX, Cleveland, OH, and Sanford, FL.

Embraer will also substantially increase its Mobile Response network by 28 teams, and enlarge its capabilities including access to interior services, paint, and component repairs as part of this expansion. Service at these locations is set to begin in the second quarter of 2024. Embraer currently has three owned U.S.-based service centers dedicated to its executive jet customers located in Mesa, AZ, Melbourne, FL, and Fort Lauderdale, FL. Further, the company has 24 authorized service centers for its executive jets across the USA.

Forward-Looking Statements

Spain orders 16 Airbus C295 for Maritime Patrol and Surveillance

December 20, 2023 / WIL BALDWIN

Getafe, Spain, December 20, 2023 – The Spanish Ministry of Defence has ordered 16 Airbus Group SE (Paris: AIR) C295 aircraft in Maritime Patrol Aircraft (MPA) configuration and Maritime Surveillance Aircraft (MSA) configuration. The contract amounts to €1.695 billion.

These new aircraft will enable the Spanish Air and Space Force and the Spanish Navy to strengthen the national anti-submarine warfare capability as well as increase and enhance its surveillance, reconnaissance and search & rescue units.

The contract also includes training systems (Full Flight Simulator and Mission System Simulator) and an initial logistics support package.

The C295 MPA will conduct the missions performed by the P-3 Orion fleet, which were retired at the end of 2022. It will be equipped to carry out anti-submarine, anti-surface warfare and intelligence, surveillance and reconnaissance missions. Likewise, it will be able to carry armaments such as torpedoes and other types of weapon systems.

Forward-Looking Statements

LATAM orders five additional Boeing 787 aircraft

December 20, 2023 / WIL BALDWIN

LATAM Airlines Group SA (ADR: LTMAY) announces an order for five more Boeing (NYSE: BA) 787 Dreamliners to continue advancing its commitment to be more efficient and sustainable. The purchase ranks the South American airline group as the largest operators of Dreamliners in Latin America.

With this order, together with the already scheduled deliveries of this model in the upcoming years, LATAM group will reach a total of 46 Boeing 787 airplanes. Representing an increase of 20 airplanes of this model compared to the pre-pandemic fleet, this investment reinforces the group’s commitment to have one of the most modern and efficient fleets in South America.

Additionally, LATAM group has decided to equip the next Boeing 787s it receives with GEnx engines by General Electric (NYSE: GE) Aerospace Division, becoming the first airline in South America to have these engines known for their high performance and efficiency.

The GEnx engine family has more than 50 million flight hours since entry into service in 2011 and is the fastest-selling, high-thrust engine in GE history with nearly 3,000 engines in service and on backlog, including spares, according to data from its manufacturer.

Forward-Looking Statements

Lufthansa Group orders another 40 Airbus A220 aircraft

December 19, 2023 / WIL BALDWIN

Toulouse, France, December 19, 2023 – The Deutsche Lufthansa AG (Xetra: LHAG) Supervisory Board decided to place a firm order for an additional 40 Airbus Group SE (Paris: AIR) A220-300s for its short and medium-haul fleet. The A220 has been in service with the Group since 2016, when SWISS put the first aircraft into scheduled service.

With its latest order Lufthansa reinforces its long standing relationship with Airbus. Since the A300 in the 1970’s, Lufthansa Group has operated all members of the Airbus product family, from the A220, A320-Family, A330, A340, A350 and the A380.

Forward-Looking Statements

U.S. Navy awards RTX $80 million advanced electronic warfare contract

December 19, 2023 / WIL BALDWIN

Goleta, California, December 19, 2023, PRNewswire – The United States Navy awarded Raytheon, an RTX (NYSE: RTX) Business, an $80 million contract in a down select to prototype Advanced Electronic Warfare, or ADVEW, for the F/A-18 E/F Super Hornet. This prototype will be considered as a replacement for the existing AN/ALQ-214 integrated defensive electronic countermeasure and AN/ALR-67(V)3 radar warning receiver with a consolidated solution that will deliver superior electronic warfare capabilities to the backbone of the Navy’s carrier air wing.

Raytheon’s Advanced Electronic Warfare offering will provide significant performance upgrades by modernizing existing electronic warfare systems into fewer components and incorporating government-defined open architecture. Development of this new solution will closely align and integrate with other combat-proven, radio frequency sensors and effectors employed by the Super Hornet. ADVEW will ensure F/A-18E/Fs maintain their operational electronic warfare advantage, while significantly improving survivability against advanced, complex threats.

Development and testing of ADVEW will mainly take place in Goleta, California. During the prototype phase, the system will undergo preliminary design review, critical design review, and flight testing over a 36-month period.

Forward-Looking Statements

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