Tag: Globe (Page 2 of 4)

Boeing 747-8 Lives On With Atlas Air Worldwide Purchases of Four Freighters

January 14, 2021 / WIL BALDWIN

Boeing [NYSE: BA] and Atlas Air Worldwide announced an agreement to purchase four 747-8 Freighters. The order enables Atlas Air to leverage the operational advantages of the 747-8 Freighter to meet growing cargo demand around the globe.

“The 747-8F is the best and most versatile widebody freighter in the market, and we are excited to bolster our fleet with the acquisition of these four aircraft,” said John W. Dietrich, Atlas Air Worldwide President and Chief Executive Officer. “This significant growth opportunity will enable us to capitalize on strong demand and deliver value for our existing and prospective customers. The efficiency and capability of the 747-8F further complements our longstanding focus on leading edge technology. Dedicated freighters – like those operated by our Atlas, Polar and Southern subsidiaries – will continue to be in demand as the global airfreight market, particularly the e-commerce and express sectors, continues to grow.”

With a maximum payload capacity of 137.7 metric tonnes (137,750 kg), the 747-8 Freighter allows customers to access 20% more payload capacity while using 16% less fuel compared to previous-generation 747s. The jet also features 30% quieter engines. The 747-8 airplanes in this agreement will be the final four aircraft to roll off the production line in Everett, Washington.

“The 747 will forever hold a special place in aviation history and we are honored by Atlas Air’s longstanding commitment to the airplane. Atlas Air began operations 28 years ago with a single 747 and it is fitting that they should receive the last 747 production airplanes, ensuring that the ‘Queen of the Skies’ plays a significant role in the global air cargo market for decades to come,” said Stan Deal, president and chief executive officer of Boeing Commercial Airplanes. “With the global air cargo fleet expected to grow by more than 60% over the next 20 years, we look forward to delivering these airplanes and supporting Atlas Air’s Boeing fleet well into the future.”

Atlas Air has 53 747s in its current fleet, making it the largest 747 operator in the world. Its world-class fleet also includes 737s, 767s and 777s. The 747 and 777 models, in particular, are capable of carrying tall and outsized cargo loads on 3-meter-high (10-foot-tall) pallets. This common main-deck pallet height supports interchangeable pallets, adding to the versatility of both models.

Boeing, the market leader in air cargo aircraft, provides more than 90% of the dedicated freighter capacity around the world, including new production and converted freighters. The 747 program has produced 1,560 aircraft since launching the jumbo jet more than 50 years ago. In July 2020, Boeing announced its decision to complete production of the 747-8 in 2022.

Boeing Announces Third-Quarter Deliveries

October 13, 2020 / WIL BALDWIN

The Boeing Company [NYSE: BA] announced today major program deliveries across its commercial and defense operations for the third quarter of 2020.

“We continue to work closely with our customers around the globe, understanding their near-term and longer term fleet needs, aligning supply and demand while navigating the significant impact this global pandemic continues to have on our industry,” said Greg Smith, Boeing executive vice president of Enterprise Operations and chief financial officer. “We’re taking actions to resize, reshape and transform our business to preserve liquidity, adapt to the new market reality and ensure that we deliver the highest standards of safety and quality as we position our company to be more resilient for the long term. Our diverse portfolio, including our government services, defense and space programs, continues to provide some stability as we adapt and rebuild stronger for the other side of the pandemic.”

Major program deliveries during the third quarter were as follows:

Airbus Delivers A400M to Luxembourg’s Armed Forces

October 11, 2020 / WIL BALDWIN

The Luxembourg Armed Forces have taken delivery of its Airbus A400M military transport aircraft, which was accepted at the A400M Final Assembly Line in Seville (Spain) and has performed a ferry flight. It will make a first stop in Luxembourg before continuing its journey to the 15^th Wing Air Transport in Melsbroek (Belgium), where the joint airlift unit between Belgium and Luxembourg will be based. With this delivery, Luxembourg becomes the seventh A400M operator.

The aircraft, known as MSN104, will be operated by the Luxembourg Armed Forces and Belgium within a binational unit, together with the seven A400M ordered by Belgium, which is due to receive its first aircraft in the coming weeks.

Alberto Gutierrez, Head of Military Aircraft at Airbus Defence and Space, said: “I welcome Luxembourg to the growing A400M user community. With 94 aircraft in service, the A400M is increasingly becoming the air mobility backbone of our customers, both in civil and military environments, as seen in recent COVID-19 crisis missions around the globe.”

The A400M recently achieved additional capabilities such as simultaneous paratrooper dispatch for a maximum of 116 paratroopers using the side doors, automatic low level flight in visual meteorological conditions (the only military transport aircraft with this capability), and aerial delivery and combat off-load that allows a single 16-tonne load to be dropped automatically via parachute extraction. In addition, 25 tonnes can be gravity dropped and the manual combat offload of up to 19 tonnes on pallets (one pass) or 25 tonnes (two passes) on an unpaved runway is possible, which is unprecedented. With regards to helicopter air-to-air refuelling operations, the A400M recently achieved the first successful wet contacts with a H225M helicopter.

Emirates Announces Repatriation Flights to Casablanca

September 7, 2020 / WIL BALDWIN

To help stranded Moroccans around the globe get home, Emirates plans to operate two flights between Dubai and Casablanca on 8 and 9 September. Customers can also connect to these flights in Dubai from Emirates’ current network of 84 destinations across the Middle East and GCC, Asia Pacific, Europe and the Americas.

Emirates flight EK9953 on 8 and 9 September will depart Dubai at 1000hrs, arriving in Casablanca at 1530hrs. The return flight, EK9954 will depart Casablanca at 1730hrs, arriving Dubai at 0350hrs the next day.

Flights can be booked on emirates.com, through travel agents, Emirates’ sales offices and contact centre. Passengers must meet all the entry requirements to Morocco to be allowed to board the flights.

Flights from Dubai to Casablanca

Passengers who will be able to board must be Moroccan citizens, or foreign nationals holding Moroccan residency, or foreign nationals traveling to Morocco for business (holding a permit from the Moroccan Embassy in the UAE) in addition to diplomatic staff connecting from Dubai to Morocco.

Emirates customers entering Morocco must complete a PCR test (within 48 hours of travel) and a Serology test for Covid-19, with printed results to present on request at check-in and to the local authorities on arrival.

Customers must also complete the passengers’ health form before departure at http://www.onda.ma/en/I-am-passenger/Traveller-Guide/Public-health-passenger-form. The form must be printed and presented upon arrival.

In addition, foreigners who do not require a visa to Morocco can be accepted if they provide a confirmed hotel booking.

Flights from Casablanca to DubaiThese flights will be available for passengers eligible to enter or transit through the UAE.

Ensuring the safety of travellers, visitors, and the community, COVID-19 PCR tests are mandatory for all inbound and transit passengers arriving to Dubai (and the UAE), including UAE citizens, residents and tourists, irrespective of the country they are coming from.

Tesla Announces a Five for One Stock Split

August 12, 2020 / WIL BALDWIN

PALO ALTO, Calif., Aug. 11, 2020 (GLOBE NEWSWIRE) — Tesla, Inc. (“Tesla”) announced today that the Board of Directors has approved and declared a five-for-one split of Tesla’s common stock in the form of a stock dividend to make stock ownership more accessible to employees and investors. Each stockholder of record on August 21, 2020 will receive a dividend of four additional shares of common stock for each then-held share, to be distributed after close of trading on August 28, 2020. Trading will begin on a stock split-adjusted basis on August 31, 2020.

Forward-Looking Statements

Certain statements, including, without limitation, statements regarding the expected timing and impact of the stock dividend are “forward-looking statements” that are subject to risks and uncertainties. These forward-looking statements are based on management’s current expectations. Various important factors could cause actual results to differ materially, including the risks identified in our filings with the Securities and Exchange Commission, including our Quarterly Report on Form 10-Q for the quarter ended June 30, 2020. Tesla disclaims any obligation to update this information.

Boeing Announces Second-Quarter Deliveries

July 14, 2020 / WIL BALDWIN

The Boeing Company [NYSE: BA] announced today major program deliveries across its commercial and defense operations for the second quarter of 2020.

“Our commercial airplane deliveries in the second quarter reflect the significant impacts of the COVID-19 pandemic on our customers and our operations that included a shutdown of our commercial airplane production for several weeks. We have and will continue to work with our customers on specific timing and adjustment to deliveries,” said Greg Smith, Boeing executive vice president of Enterprise Operations, chief financial officer and interim leader of Communications. “We continue to closely monitor the commercial marketplace by staying very engaged with our customers around the globe to fully understand short term and long term requirements. All of this is informing current and future production rates and any further adjustments as needed to balance supply and demand going forward. The diversity of our portfolio including our government services, defense and space programs will continue to provide some stability as we navigate through the pandemic and rebuild stronger on the other side.”

Major program deliveries during the second quarter were as follows:

Boeing Receives $1.5 Billion P-8A Poseidon U.S. Navy Contract

March 31, 2020 / WIL BALDWIN

The U.S. Navy awarded Boeing [NYSE: BA] a $1.5 billion production contract for the next 18 P-8A Poseidon aircraft. The contract includes eight aircraft for the U.S. Navy, six aircraft for the Republic of Korea Navy and four aircraft for the Royal New Zealand Air Force.

The Republic of Korea Navy and Royal New Zealand Air Force acquired the aircraft through the Foreign Military Sales process and will receive the same P-8A Poseidon variant designed and produced for the U.S. Navy. The Royal New Zealand Air Force is expected to begin receiving aircraft in 2022 and the Republic of Korea Navy is expected to begin receiving aircraft in 2023.

The P-8 is a proven long-range multi-mission maritime patrol aircraft capable of broad-area, maritime and littoral operations. A military derivative of the Boeing 737 Next-Generation airplane, the P-8 combines superior performance and reliability with an advanced mission system that ensures maximum interoperability in the battle space.

The P-8 is militarized with maritime weapons, a modern open mission system architecture and commercial-like support for affordability. The aircraft is modified to include a bomb bay and pylons for weapons. It has two weapons stations on each wing and can carry 129 sonobuoys. The aircraft is also fitted with an in-flight refueling system.

With more than 254,000 flight hours to date, the P-8A Poseidon and P-8I variants patrol the globe performing anti-submarine and anti-surface warfare; intelligence, surveillance and reconnaissance; humanitarian; and search and rescue missions.

Aerojet Rocketdyne RL10 Engine Marks 500th Flight with AEHF-6 Launch

March 27, 2020 / WIL BALDWIN

CAPE CANAVERAL, Fla., March 26, 2020 (GLOBE NEWSWIRE) — The successful March 26 launch of the U.S. Space Force’s sixth and final Advanced Extremely High Frequency (AEHF) military communications satellite aboard a United Launch Alliance (ULA) Atlas V rocket marked the 500th flight of Aerojet Rocketdyne’s RL10 upper-stage engine.

The RL10, which powers the ULA Atlas V Centaur upper stage, is one of several Aerojet Rocketdyne propulsion products supporting the mission. Aerojet Rocketdyne propulsion can be found on both the rocket and the AEHF-6 satellite. Built by Lockheed Martin, the AEHF satellites provide secure, jam-proof communications, including nuclear command and control, to U.S. and allied forces.

“This launch marks an important milestone for Aerojet Rocketdyne and for the country,” said Eileen Drake, Aerojet Rocketdyne’s CEO and president. “The RL10 has supported a majority of the nation’s most important national security and scientific missions, including all of the AEHF satellites which provide communication links that are critical to our warfighters.”

The Atlas V in the 551 configuration is the most powerful vehicle in the Atlas V family, featuring five Aerojet Rocketdyne AJ-60A solid rocket strap-on motors, each generating 348,500 pounds of thrust. Designed specifically to provide extra lifting power to the Atlas V, the AJ-60A is the world’s largest monolithic solid rocket motor ever flown.

The AEHF-6 satellite, meanwhile, is outfitted with three different types of Aerojet Rocketdyne thrusters for attitude control, orbital station keeping and maneuvering. These include 12 MR-103G and six MR-106E monopropellant thrusters; and four, 5-kilowatt-class XR-5 Hall-effect electric thrusters and associated power processing systems.

The Atlas V also uses Aerojet Rocketdyne reaction control thrusters on the Centaur upper stage, as well as pressure vessels provided by ARDÉ, an Aerojet Rocketdyne subsidiary. The rocket launched from Cape Canaveral Air Force Station, Florida, and the AEHF-6 satellite is on its way to its operating location in geostationary orbit.

In addition to the Atlas V, the RL10 also powers the upper stage of ULA’s Delta IV Heavy rocket. The RL10 has helped place hundreds of military, civil and commercial satellites into Earth orbit and has sent spacecraft to explore every planet in our solar system. The RL10’s proven reliability over more than five decades of service has made it the upper-stage engine of choice for three new rockets under development, including ULA’s Vulcan Centaur, Northrop Grumman’s OmegA, and NASA’s Space Launch System.

About Aerojet Rocketdyne: Aerojet Rocketdyne, a subsidiary of Aerojet Rocketdyne Holdings, Inc. (AJRD), is a world-recognized aerospace and defense leader that provides propulsion systems and energetics to the space, missile defense and strategic systems, and tactical systems areas, in support of domestic and international customers.

Nova Group Makes Space for Growth Plan

March 24, 2020 / WIL BALDWIN

Global defence company Nova Group is maintaining its projections of over $200 million revenue this financial year with longer-term goals to continue expanding its global reach. A newer focus on space is continuing to diversify the portfolio of the South Australian headquartered company that has invested more than $20 million on eight acquisitions across the globe to cement its footprint.

In South Australia, the company’s new Nova IGS Network is providing space ground connectivity for small satellite operators with the site now being used by international clients including Tyvak USA and RBC USA. Nova is also in talks with an Italian-based space company wanting to expand its presence in Australia.

Based on a 21 hectare site in Peterborough in South Australia’s mid north, the site is used to track low earth orbit satellites through customer’s own terminals and Nova has plans to attract further European companies over upcoming years. “Nova is also planning to utilise the site as a ground station test bed for emerging Space 2.0 technologies and support future defence projects,” a spokesman said. “Peterborough provides the vital ground segment element in order to allow satellite operators to downlink/download their data.”

Nova Group is marking 20 years in business, with Nova Systems founded by Jim Whalley and Peter Nikoloff and originally offering flight-testing services in South Australia’s capital city of Adelaide. It has since grown to having 600 employees working on projects around the world including with the Australian Defence Force, United Kingdom Ministry of Defence, Royal Norwegian Air Force and the Republic of Singapore Air Force. “With a solid foundation in the defence markets in Australia and the UK, and a footprint in space, transport and energy, I am very proud to be exporting Australian capability and know-how to the world and look forward to positioning to our next growth phase,” Whalley said. Nova was recently awarded one of four industry leads in the Major Service Provider consortium providing integrated support contracts to the Australia Defence Force over the next 10 years.

Delta Completes Tender Offer to Purchase Shares in LATAM

December 31, 2019 / WIL BALDWIN

Delta Air Lines has successfully acquired a 20 percent equity stake in LATAM Airlines Group S.A for approximately $1.9 billion.

Delta Air Lines has successfully completed its previously announced tender offer and has acquired a 20 percent equity stake in LATAM Airlines Group S.A for approximately $1.9 billion, an important milestone toward bringing together the leading airlines in North and South America. This investment continues Delta’s strategy of making equity investments in key airline partners around the globe.

“We look forward to working with LATAM to create a truly world-class partnership that will give our customers unparalleled access throughout the Americas,” said Steve Sear, Delta President — International and Executive Vice President — Global Sales. “Equity investments like this help create alignment within our partnerships as we bring together our brands, enabling us to provide the very best service and reliability for our shared customers.”

In September, Delta and LATAM announced a strategic partnership, including the now completed 20 percent equity investment and also a commercial joint venture. Once fully implemented, this partnership will unlock growth opportunities for both airlines and offer significantly expanded travel options for customers, with access to 435 destinations worldwide.

Most recently, the carriers announced that they will initially launch codesharing for flights operated by certain LATAM affiliates in Colombia, Ecuador and Peru beginning in the first quarter of 2020. The codeshare will offer customers increased connectivity between up to 74 onward destinations in the United States and up to 51 onward destinations in South America.

The enhanced cooperation and codeshare agreements are subject to governmental and regulatory approvals.

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