Tag: goals (Page 2 of 2)

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 CFO Paul Jacobson to Retire After 23-year Career

February 29, 2020 / WIL BALDWIN

Jacobson, who was named the airline industry’s best CFO eight times, will remain at Delta while a successor is named and throughout the transition.

Paul Jacobson, Delta’s Chief Financial Officer, is retiring after a remarkable career at Delta that spanned more than two decades.

Jacobson will remain at Delta while a successor is named and throughout the transition. He joined the company in 1997 and was named CFO in 2012.

“Paul played a crucial role in Delta’s bankruptcy process and the strategy that led Delta to regain our investment-grade balance sheet while also investing billions in our people, product and service,” Delta CEO Ed Bastian wrote in a memo to employees Friday. “Paul has a gift for sharing financial messages that are clear, actionable and easily comprehended, ensuring that Delta people understand our financial standing, goals and path forward.”

Jacobson was named the airline industry’s best CFO eight times by Institutional Investor magazine’s poll of Wall Street analysts and investors. In his memo, Bastian also highlighted Jacobson’s service to the community, including his mission to raise awareness and funding for the American Heart Association after a member of his team experienced a heart attack at work.

Jacobson also helped establish the Delta Air Lines Aviation Education Building at his alma mater, Auburn University, providing resources for the next generation to learn to fly and pursue careers in aviation.

“When he leaves Delta later this year, his legacy will be our strong financial foundation and a best-in-class Finance team,” Bastian wrote.

Airbus Faces Delivery Challenge, Poised to Win Jet Order Race

December 5, 2019 / WIL BALDWIN

PARIS, Dec 5 (Reuters) – Airbus must hand a record number of aircraft to customers in December to meet delivery goals, company data showed on Thursday, and is all but certain of winning an annual order race against Boeing.

The European planemaker has been facing production snags in its best-selling A321neo jet, due in part to the introduction of a complex new flexible cabin, but has said it is confident of meeting a goal of 860 jets in 2019, revised down from 880-890.

To reach that target it must deliver 135 jets in December, beating a previous record of 127 December deliveries by 6%.

Airbus delivered 77 aircraft in November to reach 725 for the year so far, according to Thursday’s progress report.

Airbus has a track record of achieving a late surge in deliveries, though it is also working to spread deliveries more evenly over the year in future to smooth earnings and avoid quality problems that can creep in when it is working flat out.

Whether or not it meets targets, Airbus is set to regain the crown as the world’s largest commercial plane producer this year as U.S. rival Boeing approaches nine months without deliveries of its 737 MAX, grounded after two crashes.

Boeing is expected to jump back into the lead next year as projected deliveries include 737 MAX jets parked during the grounding, while remaining ahead on larger jets, but the timing of the 737 MAX return to service depends on global regulators.

Airbus is also on course to win an annual order contest between the plane giants after booking orders for 222 aircraft in November, driven mainly by last month’s Dubai Airshow.

Emirates ordered 50 A350-900 jets at the show as part of a fleet shake-up that also saw the world’s largest wide-body operator cut a remaining order for A380s and reduce its requirement for Boeing 777X jets, while adding the Boeing 787.

Airbus sold a total of 940 jets in January-November, or 718 after cancellations, leaving it well ahead of Boeing, whose year has been derailed by the grounding of the 737 MAX. In the latest period for which data is available, Boeing sold 180 jets in the first nine months or 45 after cancellations.

The latest figures were released days after Airbus won a sale of 50 A321XLR jets to United Airlines, narrowing the potential market for a mid-market plane that Boeing has been studying, while slowing those discussions during the MAX crisis.

United also delayed delivery of 45 A350s by several years to 2027 and beyond. UK analysts Agency Partners said on Thursday that this could put pressure on A350 output in coming years.

(Reporting by Tim Hepher; Editing by Giles Elgood and Andrew Heavens)

Nova Group Makes Space for Growth Plan

Delta CFO Paul Jacobson to Retire After 23-year Career

Airbus Faces Delivery Challenge, Poised to Win Jet Order Race

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