Category: Joint Venture News (Page 9 of 34)

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

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.

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

Siemens and Intel to collaborate on advanced semiconductor manufacturing

December 4, 2023 / WIL BALDWIN

Siemens AG (ADR: SIEGY), a leading technology company, and Intel Corporation (Nasdaq: INTC), one of the world’s largest semiconductor companies, have signed a Memorandum of Understanding (MoU) to collaborate on driving digitalization and sustainability of microelectronics manufacturing. The companies will focus on advancing future manufacturing efforts, evolving factory operations and cybersecurity, and supporting a resilient global industry ecosystem.

The MoU identifies key areas of collaboration to explore a variety of initiatives, including optimizing energy management and addressing carbon footprints across the value chain. For instance, the collaboration will explore use of “digital twins” of complex, highly capital-intensive manufacturing facilities to standardize solutions where every percentage of efficiency gained is meaningful.

The collaboration will also explore minimizing energy use through advanced modeling of natural resources and environmental footprints across the value chain. To gain more information on product-related emissions, Intel will explore product and supply chain related modeling solutions with Siemens that drive data-based insights and help the industry accelerate progress in reducing its collective footprint.

Sustainable practices across the entire semiconductor lifecycle, including design, manufacturing, operation, efficiency, and recycling, are critical for meeting growing demand for powerful, sustainable chips. Technology has the power to accelerate solutions to reduce computing-related climate impacts across the technology industry and the rest of the global economy. Automation and digitalization hold the key to addressing the challenges as the industry drives toward net-zero greenhouse gas emissions. By combining their strengths and expertise, Siemens and Intel are poised to lead the way in driving positive change.

Forward-Looking Statements

Deutsche Bahn is getting into the UEFA EURO 2024™ spirit

December 3, 2023 / WIL BALDWIN

Berlin, Germany, December 1, 2023 – Deutsche Bahn (DB) is getting into the football spirit. Thanks to special offers and more trains for Football European Championship matches, all fans and the 24 national teams will be able to travel by climate-friendly train during the upcoming UEFA EURO 2024™. DB will offer nearly 10,000 additional seats each day on ICE and Intercity trains around match days.

EUR 29.90 DB Ticket EURO 2024 to travel to UEFA EURO 2024™ matches

Anyone with a ticket to a match and traveling within Germany can purchase discounted tickets for the journey to the match and back. The DB Ticket EURO 2024 will cost EUR 29.90 per trip and can be booked at bahn.de/db-fussball-ticket beginning January 17.

For the first time, a special offer will be available to ticket holders from other European countries, too. Fans can purchase an Interrail Pass discounted by 25% for UEFA EURO 2024™, which is good for travel between Germany and 32 countries. Customers can choose from a set number of travel days on which to use the pass for travel to and from the destination as well as for unlimited travel within Germany on those days. The Interrail Pass EURO 2024 will also go on sale on January 17. More information will be available in the UEFA Event Guide as of December 2: uefa.com/euro2024/event-guide

10,000 additional seats per day

DB is expecting tens of thousands of additional passengers on trains to the venues. As part of its Strong Rail strategy, DB set the course for its fleet expansion well in advance. Thanks to these efforts, it now has a modern ICE fleet, which will grow to over 400 trains in the coming months. DB is significantly expanding its timetable during the championship period. It will use longer ICE trains and offer trains on additional days, for example. What’s more, 14 special EURO trains will run daily. 10,000 additional seats are already firmly planned into the timetable in the days around the matches. Even more will be added once the results of the EURO Final Draw for the group stage are known and the routes requiring additional capacity are identified. Additional special trains will then be planned at short notice for the final.

The additional capacity is primarily intended for late evening and overnight connections in order to offer many travel options for departures from the matches. During the tournament, DB will nearly double the number of travel options after 11 pm from the 10 venues to the 20 busiest long-distance stops.

All of the information about Deutsche Bahn’s efforts in conjunction with the 2024 UEFA European Football Championship can be found here: bahn.de/em2024.

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

Lithuanian State Border Guard Service orders three Airbus H145 helicopters

November 29, 2023 / WIL BALDWIN

Madrid, Spain -Airbus Group SE (Paris: AIR) Helicopters and the Lithuanian State Border Guard Service have announced a contract for three five-bladed H145 multi-mission helicopters at the 2023 European Rotors trade show, expanding the service’s fleet. These three additional H145’s bring the total number of Airbus helicopters in service with the Lithuanian government to eleven, further strengthening Airbus Helicopters’ position in this mission segment. The helicopters will be operated for a wide range of missions including search and rescue, disaster relief and medevac, border patrol, firefighting, transport of donor organs, and operational deployment of the Lithuanian Special Forces.

The new version of Airbus’ best-selling H145 adds a new, innovative five-bladed rotor to the multi-mission H145, increasing the useful load of the helicopter by 150 kg. The simplicity of the new bearingless main rotor design will also ease maintenance operations, further improving the benchmark serviceability and reliability of the H145, while improving ride comfort for both passengers and crew.

In total, there are more than 1,650 H145 family helicopters in service, logging a total of more than 7.5 million flight hours. Powered by two Safran Arriel 2E engines, the H145 is equipped with full authority digital engine control (FADEC) and the Helionix digital avionics suite. It includes a high performance 4-axis autopilot, increasing safety and reducing pilot workload. Its particularly low acoustic footprint makes the H145 the quietest helicopter in its class, while its CO2 emissions are the lowest amongst its competitors.

Forward-Looking Statements

Boeing awarded $2.3 billion for additional U.S. Air Force KC-46A tankers

November 29, 2023 / WIL BALDWIN

Everett, Washington, November 29, 2023―Boeing (NYSE: BA) will build an additional 15 KC-46A Pegasus tankers under a Lot 10 contract awarded by the U.S. Air Force valued at $2.3 billion. One hundred fifty-three KC-46A multi-mission aerial refuelers are now on contract globally, providing advanced capability advantages for the joint force and allies.

From aerial refueling, cargo and passenger transportation, aeromedical evacuation support, and data connectivity at the tactical edge, the KC-46A Pegasus has already been called a game changer for its ability to transmit and exchange data, enabling rapid air mobility, global reach and Agile Combat Employment.

Earlier this year, the Air Force awarded Boeing a Block 1 upgrade contract, adding more advanced communications capabilities to enhance the aircraft’s data connectivity and situational awareness.

To date, Boeing has delivered 76 KC-46As to the U.S. Air Force and two to the Japan Air Self-Defense Force.

Forward-Looking Statements

Air France-KLM and Etihad Airways announce frequent flyer partnership

November 27, 2023 / WIL BALDWIN

Air France-KLM Group SA (Paris: AIRF) and Etihad Airways, the national airline of the United Arab Emirates, today announced a new partnership between their respective loyalty programs following the Memorandum of Understanding (MoU) signed between the two airline Groups in September 2023.

As part of this new partnership, members of Flying Blue, Air France and KLM’s loyalty program, and members of Etihad Guest, the loyalty program of Etihad Airways, will now be able to earn and redeem Miles on either loyalty programme when flying on Air France, KLM or Etihad. Reciprocal benefits for elite members will be announced soon.

Following the MoU signed earlier this year, Air France-KLM and Etihad Airways customers now have the opportunity to connect, and therefore to earn and redeem miles, to more than 60 new routes covering destinations worldwide.

The partnership will go live today, on the heels of Air France’s inaugural flight from Paris Charles-de-Gaulle to Abu Dhabi International Airport this past October 29th.

Flying Blue Miles can be redeemed to enjoy a vast range of benefits from flights, worldwide hotel stays, car rentals, or products from the Flying Blue Store. Etihad Guest Miles can be spent on flights, worldwide hotel stays and vacations, or products from the Etihad Guest Reward Shop.

Air France currently operates daily flights between Paris – Charles de Gaulle and Abu Dhabi International Airport while Etihad currently operates daily flights to both Paris-Charles de Gaulle and Amsterdam Schiphol from Abu Dhabi International Airport.

Forward-Looking Statements

SBB announces its 2024 timetable so tourist can travel areas more directly

November 27, 2023 / WIL BALDWIN

The new timetable brings additional connections where demand is growing the most. Popular tourist destinations such as Valais and Graubünden will be even better connected. There are also further targeted improvements. A lot will also be done in 2024 to maintain and expand the rail network; Accordingly, there are many construction sites across the entire network. SBB does everything it can to ensure that travelers can rely on reliable connections.

National and international passenger transport: More direct connections, additional stops in tourist regions and new seasonal offers

The most important innovations in national long-distance transport:

Since the last timetable change in December 2022, two trains have been running directly from Geneva via Zurich to Chur and vice versa on weekends. Due to high demand, two additional direct trains will be introduced on this line. There are now four attractive direct connections in each direction spread throughout the day on weekends.
From Christmas to Easter, Ascension Day, Pentecost and June to October, a direct train connects Zurich (from 7:38 a.m.) with Brig (at 9:38 a.m.) in just 2 hours on Saturdays and in the opposite direction on Sundays (Brig from 4:18 p.m. – Zurich HB 6:32 p.m.). ). The train also stops in Frutigen and takes skiers, hikers and bikers to the Bernese Oberland and the Upper Valais without having to change on Saturday morning and back again on Sunday evening. This will create a half-hourly service during peak times on the Thun-Brig or Brig-Spiez/Thun route.
From January 13th to March 3rd, 2024, there will be two fast and direct connections from Zurich HB (departures at 8:27 a.m. and 9:40 a.m.) to Einsiedeln (arrivals at 9:19 a.m. and 10:24 a.m.) on weekend mornings and back again in the afternoon (departures at 3:32 p.m. and 4:38 p.m.). Clock). This RegioExpress takes cross-country skiers and sun-seekers from Zwinglistadt to the home of the Black Madonna without having to change trains.
From Tuesday to Sunday, commuters and other travelers can get directly to Bern (at 6:24 a.m.) and Basel (at 7:32 a.m.) earlier than before thanks to the IC6 with departure from Brig at 5:16 a.m.; in the evening the last IC6 runs from Basel (from 10:28 p.m.) via Bern (from 11:37 p.m.) to Brig (at 12:41 a.m.) now an hour later than before. Due to maintenance in the Lötschberg Base Tunnel, the last train on Sunday evening or the first on Monday morning continues to run as IC61 from/to Basel via Bern to/from Interlaken (instead of Brig).
The IC3 between Zurich and Chur runs every half hour on weekends all year round.
For night owls, a new express connection runs on Friday and Saturday nights from Olten (from 12:40 a.m.) to Biel/Bienne (at 1:26 a.m.), with stops in Oensingen, Solothurn, and Grenchen Süd.
The original plan was to introduce full half-hourly service through the Gotthard Base Tunnel with this timetable change. Since operations are restricted following the derailment of a freight train on August 10, 2023, the introduction of the half-hourly service will be delayed until the base tunnel can be used normally again. As of the timetable change, 31 fast passenger trains will run through the Gotthard Base Tunnel between Friday and Sunday evenings.

The most important innovations in international passenger transport:

International trips are also popular, for example to the Bavarian capital. In the future, an additional train will run daily in each direction between Zurich and Munich, meaning travelers will have a continuous two-hour service.
Since November 24, 2023, 13 direct IC connections have been running between Zurich and Stuttgart, with no change in Singen.

The most important innovations in rolling stock:

On the RegioExpress between Olten and Lucerne, SBB is expanding the seating capacity by using double-decker trains.
Due to the implementation of the Disability Equality Act (BehiG), there will be a change in the use of rolling stock on some long-distance routes.

Pratt & Whitney receives contract for TF33 engines powering B-52 and E-3 aircraft

November 16, 2023 / WIL BALDWIN

East Hartford, Connecticut, November, 2023, PRNewswire – Pratt & Whitney, an RTX (NYSE: RTX) business, was awarded a long-term TF33 engine sustainment contract valued up to $870 million by the Defense Logistics Agency. The TF33 engine provides power to a wide range of aircraft, including the Boeing (NYSE: BA) B-52 Stratofortress and E-3 Sentry.

This agreement is a culmination of the Defense Logistics Agency’s decades-long partnership with the 448^thSupply Chain Management Wing, Tinker Air Force Base, Okla., and Pratt & Whitney to establish a holistic sustainment solution. This first-of-its-kind approach will reduce obsolescence, supporting the U.S. Air Force’s wartime readiness today and into the foreseeable future.

Under this contract, Pratt & Whitney will provide comprehensive engine sustainment services for a global fleet of nearly 1,000 engines over a six-year period, with an option of extending for another four years. Services under this contract include maintenance, spare parts, program management, field service, repairs and engineering support.

Sustainment work will run through April 2034 at Tinker Air Force Base, Oklahoma, additional U.S. Air Force locations, and Pratt & Whitney’s Southern Logistics Center located in Atlanta, Georgia.

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.

National and international passenger transport: More direct connections, additional stops in tourist regions and new seasonal offers

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