Joint Venture News – Page 27 – Welcome to www.planesintheair.com

International Space Station Tests Virus Fighting Surface Coating Developed by Boeing & University of Queensland

WIL BALDWIN February 16, 2021

BRISBANE, Australia, Feb. 15, 2021 /PRNewswire/ -- Astronauts aboard the International Space Station (ISS) are conducting experiments with an antimicrobial surface coating designed to fight the spread of bacteria and viruses, including the Earth-bound SARS-CoV-2 virus responsible…

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U.S. Marine Corps Awards BAE Systems $184 Million for Additional ACV’s

WIL BALDWIN February 14, 2021

BAE Systems (OTC: BAESY) has received a $184 million contract option from the U.S. Marine Corps for more Amphibious Combat Vehicles (ACV) under full-rate production. The order demonstrates the Marine Corps’ confidence in a program…

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Lufthansa Innovation Hub Spins-Off Startup RYDES

WIL BALDWIN February 11, 2021

The Lufthansa Innovation Hub, the central digitalization unit of the Lufthansa Group, spins-off the startup RYDES. Forward31, the company builder of Porsche Digital, is contributing with its expertise and resources to the venture. Both Porsche…

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Garmin G3000 Integrated Flight Deck Selected by Joby Aviation for eVTOL Aircraft

WIL BALDWIN February 10, 2021

OLATHE, Kan./Feb. 10, 2020/Business Wire – Garmin® International, Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), today announced a long-term agreement to provide the state-of-the-artGarmin G3000® integrated flight deck to Joby Aviation for their revolutionary all-electric vertical takeoff…

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United Airlines Works With Archer Aviation to Accelerate Production of Electric Aircraft

WIL BALDWIN February 10, 2021

CHICAGO, Feb. 10, 2021 /PRNewswire/ -- United Airlines (Nasdaq: UAL) today announced that it has completed an agreement to work with air mobility company Archer as part of the airline's broader effort to invest in emerging technologies that decarbonize…

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Lockheed Martin Picks ABL Space Systems to Power First UK Vertical Satellite Launch

WIL BALDWIN February 8, 2021

HARWELL, Oxford, Feb. 8, 2021 – Lockheed Martin [NYSE: LMT] has contracted ABL Space Systems, of El Segundo, California, a developer of low-cost launch vehicles and launch systems for the small satellite industry, to supply a rocket…

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Qantas Group Targets Domestic Growth with Alliance Airlines Capacity Deal

WIL BALDWIN February 3, 2021

A new deal with Alliance Airlines will help the Qantas Group meet an expected surge in local tourism demand once the country moves beyond sudden COVID-related border closures. Alliance will provide the QantasLink network with…

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Alaska Air Group Reports Fourth Quarter 2020 and Full-Year Results

WIL BALDWIN January 26, 2021

Financial Results: Reported net loss for the fourth quarter and full year 2020 under Generally Accepted Accounting Principles (GAAP) of $430 million, or $3.47 per diluted share, and $1.3 billion, or $10.59 per diluted share. These results compare to fourth quarter…

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Sikorsky-Boeing Reveals Advanced Assault Helicopter Design to Revolutionize U.S. Army Capability

WIL BALDWIN January 25, 2021

Sikorsky, a Lockheed Martin Company (NYSE: LMT), and Boeing (NYSE: BA) today released details of its advanced helicopter for the U.S. Army’s Future Long Range Assault Aircraft competition, known as FLRAA. The aircraft, named DEFIANT…

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Kansas City Southern and NorthPoint to Develop 220-Acre Wylie Logistics Park in Texas

WIL BALDWIN January 21, 2021

KANSAS CITY, Mo.--(BUSINESS WIRE)-- Kansas City Southern (NYSE: KSU) announced today that it has entered into a joint agreement with NorthPoint Development to develop the master planned Wylie Logistics Park in Wylie, Texas, located adjacent to…