Tag: Solutions (Page 2 of 8)

Beautiful scenic of mountain and cloudscape seen from above.

Boeing showcases F-15EX for Poland’s air defense

September 7, 2023 / WIL BALDWIN

Kielce, Poland, September 7, 2023 – Boeing (NYSE: BA) is showcasing the F‑15EX Eagle II fighter aircraft to Poland as a potential U.S. Department of Defense Foreign Military Sales program. The announcement was made at the annual MSPO International Defence Industry Exhibition where Boeing is highlighting advanced defense systems, capabilities and services.

Boeing has made significant investments in the F-15EX making it the most capable multirole fighter aircraft in production today. The aircraft offers improved survivability and capability with:

fly-by-wire flight controls,
a new electronic warfare system,
an all-glass digital cockpit,
the latest mission systems and software capabilities,
as well as the ability to carry advanced hypersonic weapons.

The F-15EX is in production with two aircraft delivered to the U.S. Air Force. Indonesia recently became the 8th country to select the F-15 and will become the first export customer of the latest FX variant when the sale is finalized.

Boeing has been present in Poland for more than 30 years. With headquarters in Warsaw, Boeing Digital Solutions & Analytics operations in Gdańsk and Parts & Distribution Services in Rzeszow, Boeing employs more than 1,000 people in Poland and is currently establishing strong engineering capability in all of its three locations. In addition to its growing footprint in-country, Boeing is an important partner of the Polish aviation industry and has strong relationships with local communities, industry, airlines, Polish Government and the Polish Armed Forces.

A.P. Moller–Maersk to strengthen distribution network in India with more than 500 Electric Vehicles

August 23, 2023 / WIL BALDWIN

Mumbai, India – A.P. Moller – Maersk (OTC: AMKBY) has the ambition to be Net Zero across business and provide customers with 100% green solutions by 2040. To achieve this goal, there is a strong need to decarbonise logistics at every stage. It is important not only for Maersk to achieve these sustainability goals but for the customers too, who are demanding environmentally friendly solutions that would decarbonise their supply chains.

In September 2022, Maersk unveiled its three-wheeler and four-wheeler EV’s in Mumbai, India and soon rolled them out for its first customer in the NCR region. Since then, the awareness around EV’s that can support distribution logistics in India has risen, and with that has come an unprecedented demand from several customers.

Maersk has recently tied up with a large e-Commerce platform in India to support its distribution requirements with a dedicated fleet of EV’s that range in the capacity of 550 to 700 Kgs with a driving range of over 120 km. Over 200+ vehicles have already been deployed across 15 cities, and more than 300 EV’s.

So far, Maersk’s EV fleet has covered more than 135,000 km. Maersk is also investing in creating a charging network for its fleet of EV’s, including the option to harness solar energy at its own facilities for warehouses across the country.

Air Lease Corp. announces $300 million deal for Five Boeing 737 Aircraft with Royal Air Maroc

August 22, 2023 / WIL BALDWIN

Los Angeles, California, Business Wire – Today Air Lease Corporation (NYSE: AL) announced long-term lease contracts for five Boeing 737 aircraft with Royal Air Maroc (RAM), including four new Boeing 737-8s and one Boeing 737-800. The new aircraft are scheduled to deliver to the Moroccan flag carrier in 2024 from ALC’s order book with Boeing. These new contracts are augmenting already placed ALC owned aircraft operated by RAM.

Air Lease Corporation is a leading global aircraft leasing company based in Los Angeles, California that has airline customers throughout the world. ALC and its team of dedicated and experienced professionals are principally engaged in purchasing new commercial aircraft and leasing them to its airline customers worldwide through customized aircraft leasing and financing solutions. The company routinely posts information that may be important to investors in the “Investors” section of its website at www.airleasecorp.com. Investors and potential investors are encouraged to consult Air Lease Corporation’s website regularly for important information. The information contained on, or that may be accessed through, ALC’s website is not incorporated by reference into, and is not a part of, this press release.

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.

U.S. Army awards Airbus contract for helicopter modernization

August 21, 2023 / WIL BALDWIN

Arlington, Virginia – The U.S. Army awarded Airbus (OTC: EADSY) a $27.8 million contract to upgrade the Army National Guard Security & Support Battalion Mission Equipment Package (MEP).

Upgrades to the MEP expand the UH-72A Lakota’s capabilities to conduct day and night operations by providing an advanced moving map, enhanced digital interfaces, new monitors, an airborne mission management system and other system improvements.

MEP equipped UH-72As are specifically designed to execute National Guard operations across a range of missions including domestic operations, counter-drug and border security.

The Army contract will retrofit up to 50 Security & Support Battalion aircraft deployed throughout the United States. There are currently 107 in the fleet.

These aircraft will be modified at Airbus’ Columbus, Mississippi helicopter production facility, where more than 480 UH-72A and UH-72B Lakota, based on the H145, have been delivered to the US Army since 2006.

The contract will be managed by Airbus U.S. Space & Defense. Operating under a Special Security Agreement, Airbus U.S. Space & Defense, Inc. offers world-class satellite, laser communication, rotor, and fixed wing solutions to meet the most complex U.S. defense, security, space, and intelligence requirements.

Garmin signs purchase agreement to acquire JL Audio Solutions

August 8, 2023 / WIL BALDWIN

Olathe, Kansas, August 7, 2023, PR Newswire – Garmin Ltd. (NYSE: GRMN), today announced it has entered into a definitive agreement to acquire JL Audio, a privately-held U.S. company that designs and manufactures audio solutions for marine, aftermarket automotive, powersports, home and RV customers.

With over four decades of experience, JL Audio offers premium audio products and accessories, including speakers, amplifiers, subwoofers and other audio components.

JL Audio is headquartered in Miramar, Fla., and employs more than 600 associates. The completion of this acquisition is expected to occur by the end of 2023 and is subject to customary regulatory approvals and closing conditions. All existing JL Audio products will continue to be supported post-closing, and customers can expect to continue receiving the same great customer service. Financial terms of the acquisition will not be disclosed.

Maersk expands its global air freight services with new Atlanta strategic air cargo hub

July 19, 2023 / WIL BALDWIN

Maersk (OTC: AMKBY) is strengthening our promise to customers of integrated, end-to-end logistics solutions by growing our air freight services in a strategic transportation hub. The new Atlanta facility enhances our offering, providing customers with superior supply chain flexibility supported by our expanded regional capabilities in warehousing and transportation. We will be able to leverage this connectivity to bolster our air freight network across North America, Europe, Asia Pacific, and the world.

Located in Atlanta Tradeport’s Foreign Trade Zone, the new air cargo facility enjoys lower duties, reduced processing fees, and quicker movement of goods from the port of Savannah. The site is located just two miles from Atlanta Hartsfield-Jackson International Airport and has direct access to interstates I-75 and I-285.

The new Atlanta facility builds on several initiatives designed to bolster Maersk’s air freight services in North America. The company recently opened a new Chicago air freight gateway facility to add more supply chain integration opportunities for customers using Chicago O’Hare International and Rockford International. Prior to that, Maersk also launched a new air freight service with regular flights between South Carolina, Korea, and China operated by Miami-headquartered cargo airline Amerijet International.

Mt. Hutt Aviation and 369 Ltd partner to become latest MD helicopters authorized service center

July 15, 2023 / WIL BALDWIN

MESA, Arizona, July 14, 2023 – MD Helicopters, LLC, is pleased to announce that Mt Hutt Aviation and 369 Ltd have teamed together to join MDH’s network of Authorized Service Centers (ASC). Together these organizations will increase the level of service and support to MDH aircraft in New Zealand and the surrounding Australasia region. Currently their combined maintenance services include over 40% of the MDH aircraft operating in this region.

With a combined 50+ years of experience maintaining helicopters between each organization, MHA and 369 capabilities include maintenance, avionics, refurbishment, and specialty paint services.

About Mt Hutt Aviation

Established in 2013, Mt Hutt Aviation delivers fleet management support and maintenance between two purpose-built facilities in Canterbury. In addition to maintenance capabilities, MHA offers 24/7 support on time-critical projects as well as on-site engineering and avionics services.

About 369 Ltd

Based in Tauranga in the North Island, 369 is a family operated business with decades of experience working exclusively with the MDH airframe. Their services include maintenance and repair on the full line of civilian single-engine MD Helicopters models.

About MD Helicopters

MD Helicopters, LLC (MDH) manufactures high-performance rotorcraft solutions that support operators flying military, commercial, law enforcement, utility, and VIP mission profiles. With thousands of aircraft in service worldwide, MDH has been designing and building aircraft known for their safety, versatility, responsiveness, speed, and reliability since 1947. Our commitment to product sustainment and customer success allows MDH to deliver aircraft unmatched in their performance and reliability. MD Helicopters, LLC is owned by an investment consortium comprised of MBIA Insurance, Bardin Hill Investment Partners LP, and MB Global Partners.

DHL supply chain invests 500 million euros in focus on Latin America

July 13, 2023 / WIL BALDWIN

In view of the global trend of omni-sourcing, DHL (OTC: DHLGY) Supply Chain, the world’s leading logistics company and part of DHL Group continues its strategic investments into emerging markets and fast-growing economies.

Today, DHL Supply Chain announces a landmark investment of €500 million into the strategically located Latin American markets. These investments made until 2028 are supposed to strengthen DHL’s operations in Latin America. Projects include decarbonizing the domestic fleet through greener alternatives; building, developing and retrofitting its real estate assets and warehouses in the market; as well as significant investments into new technologies, robotics and automation solutions intended to improve workplaces whilst at the same time making operations more effective, flexible and resilient for customers. The investment is part of DHL Supply Chain’s strategic investment plan to further strengthen logistics capabilities in high-demand sectors, such as: Healthcare, automotive, technology, retail, e-commerce, among others.

With the investment into its Latin America infrastructure the DHL Supply Chain is now complementing a long-standing history of strategic investments, acquisitions, and partnerships in the region. Not only the geographical proximity to large consumer markets in North America make the region a springboard to accelerate further growth, it is also the regions own booming sales markets which make it attractive for industries to invest and therewith request additional logistics support.

CSX Corporation Declares Quarterly Dividend

July 13, 2023 / WIL BALDWIN

Jacksonville, Florida – July 12, 2023 – CSX Corporation (NASDAQ: CSX) announced that the Company’s Board of Directors approved a $0.11 per share quarterly dividend on the Company’s common stock. The dividend is payable on September 15, 2023, to shareholders of record at the close of business on August 31, 2023.

About CSX and its Disclosures

CSX, based in Jacksonville, Florida, is a premier transportation company. It provides rail, intermodal and rail-to-truck transload services and solutions to customers across a broad array of markets, including energy, industrial, construction, agricultural, and consumer products. For nearly 200 years, CSX has played a critical role in the nation’s economic expansion and industrial development. Its network connects every major metropolitan area in the eastern United States, where nearly two-thirds of the nation’s population resides. It also links more than 230 short-line railroads and more than 70 ocean, river and lake ports with major population centers and farming towns alike. More information about CSX Corporation and its subsidiaries is available at www.csx.com.

CAF awarded contracts in Italy worth more than 150 million euros

July 8, 2023 / WIL BALDWIN

Three Italian cities, Cagliari, Naples and Palermo have placed their trust in CAF to make resolute progress in their sustainable urban transport transformation initiatives. The CAF Group will supply electric buses to Cagliari in Sardinia, metro units to Naples and tram units to Palermo, the capital of Sicily. These contracts are testament to CAF’s strong value offer as a supplier of a wide range of zero-emission urban transport solutions. The total of the three aforementioned contracts amounts to a value of over 150 million euros.

Archives