Tag: States (Page 2 of 16)

Nidec and Embraer receive approval for joint venture to develop Electric Propulsion System

October 5, 2023 / WIL BALDWIN

Kyoto, Japan, October 6, 2023 – Japan’s Nidec Corporation (OTC: NJDCY) and Brazil’s Embraer (NYSE: ERJ) welcome the unconditional approval from all necessary regulatory authorities for the establishment of their joint venture, Nidec Aerospace LLC. The transaction combines the complementary synergies and distinct areas of expertise of two world-class engineering conglomerates to develop Electric Propulsion Systems (EPS) for the aerospace sector.

Vincent Braley, chief of staff for Nidec’s Motion and Drives business in the United States, has been appointed the CEO of Nidec Aerospace with immediate effect. Braley brings broad experience in business development and management to his new role to lead the joint venture’s future growth.

Unveiled at the Paris Air Show in June, the business combination aims to unlock new opportunities by providing an agnostic portfolio of products and services worldwide, driven initially by the growth of the Urban Air Mobility (UAM) industry. The UAM market is emerging and could create a USD 1.5 trillion market by 2040, according to Morgan Stanley Research.

LATAM receives first A321neo aircraft & orders 13 more

October 2, 2023 / WIL BALDWIN

Hamburg, Germany, October 2, 2023 – LATAM Airlines (OTC: LTMAY) has taken delivery of its first A321neo leased from AerCap Holdings NV (NYSE: AER) and placed an order for 13 additional A321neo aircraft to further expand its route network and drive its regional growth. This is the first delivery of a committed backlog of 76 A321neo aircraft. In total, LATAM has 111 A320 Family aircraft to be delivered.

The newly delivered A321neo for LATAM can seat up to 224 passengers and feature Airbus’ Airspace XL bins in the cabin. The larger bins provide a 40% increase in storage space and facilitates 60% more carry-on bags, allowing a more relaxed boarding experience for passengers and cabin crews. The newly delivered A321neo flew to its destination with 49% Sustainable Aviation Fuel (SAF).

LATAM Airlines Group and its affiliates are the main group of airlines in Latin America, with presence in five domestic markets in the region: Brazil, Chile, Colombia, Ecuador and Peru, in addition to international operations throughout Europe, Oceania, the United States and the Caribbean. Today, LATAM operates 240 Airbus aircraft and is the largest Airbus operator in Latin America. In July this year, LATAM took delivery of a new Airbus A320neo, the first delivery using 30% SAF.

Joby Aviation selects Dayton, Ohio for first scaled manufacturing facility

September 19, 2023 / WIL BALDWIN

Santa Cruz, California and Dayton, Ohio, September 18, 2023 — Joby Aviation, Inc. (NYSE: JOBY), a company developing electric vertical take-off and landing (eVTOL) aircraft for commercial passenger service, today announced it plans to locate its first scaled aircraft production facility in Dayton, Ohio, the birthplace of aviation.

The Wright Brothers, who invented and flew the first powered aircraft, lived and worked in Dayton and opened the first airplane factory in the United States there in 1910. The city is also home to Wright-Patterson Air Force Base, and the headquarters of the U.S. Air Force Research Laboratories which has played a key role in supporting Joby’s development.

Joby plans to build a facility capable of delivering up to 500 aircraft per year at the Dayton International Airport, supporting up to 2,000 jobs. The 140-acre site it has selected has the potential to support significant further growth over time, providing enough land to build up to two million square feet of manufacturing space. Construction of the scaled Ohio facility is expected to start in 2024 and it is expected to come online in 2025. Joby plans to use existing nearby buildings to begin near-term operations.

The State of Ohio, JobsOhio and local political subdivisions have offered incentives and benefits of up to $325 million to support the development of the facility, while Joby plans to invest up to $500 million as it scales operations at the site. Joby is also announcing today that it has been invited by the U.S. Department of Energy to submit a Part II Application for financing under the Title XVII Loan Guarantee Program, which provides access to low-interest loans for clean energy projects and would support the scaling of the facility.

Joby’s long-term investor, Toyota, who worked with Joby on the design and successful launch of the company’s Pilot Production Line in Marina, California, plans to continue to advise Joby as it prepares for scaled production of its commercial passenger air taxi in Ohio.

Click the link below to watch the Joby aircraft rollout!

LATAM Group receives new Boeing 787-9

September 11, 2023 / WIL BALDWIN

Santiago, Chile, September, 2023 – LATAM group (OTC: LTMAY) has received delivery of a new Boeing 787-9 directly from Charleston (United States) to Santiago (Chile), and is the only group of airlines in South America operating this model.

The Boeing 787-9 is equipped with advanced technology that allows it to reduce fuel consumption and CO2 emissions by 20-30% compared to the previous technology thanks to its lightweight materials, state-of-the-art engines, and modern aerodynamics.

Its arrival is part of LATAM group’s fleet renewal and modernization strategy, which will enable it to have 37 Dreamliners including the 787-8 variant by the end of this year, becoming one of the most modern and efficient fleets in South America. With this, the LATAM group aims to finish 2023 with a fleet of 332 aircraft, of which 78 are Wide Body and 254 are Narrow Body.

LATAM group’s new aircraft will feature 300 seats and has the capacity to cover an approximate distance of 14,010 km. Additionally, it boasts larger windows, spacious overhead compartments, technology that detects and counteracts turbulence for a smoother flight, and onboard diagnostic systems that allow the aircraft to self-monitor and automatically report maintenance requirements to ground systems.

Rolls-Royce to complete initial F130 engine testing for B-52J by year end

September 7, 2023 / WIL BALDWIN

Rolls-Royce (OTC: RYCEY) today announced that it is on track to complete initial F130 engine testing for the United States Air Force B-52J Stratofortress by the end of the year. Continued Rapid Twin Pod Tests at NASA Stennis Space Center in Mississippi have accomplished all of Rolls-Royce’s initial goals and allowed for the gathering of unprecedented amounts of data early in the program, further de-risking the integration of the F130 engine onto the B-52J.

In September 2021, Rolls-Royce F130 engines were selected by the Air Force to replace the existing powerplants in the B-52 fleet, with over 600 new engine deliveries expected. The new engines will extend the life of the B-52 aircraft for 30 years and are so durable they are expected to remain on wing for the remainder of the aircraft life.

F130 engines will be manufactured, assembled and tested at Rolls-Royce facilities in Indianapolis, the company’s largest production facility in the U.S. The F130 is derived from the Rolls-Royce BR family of commercial engines, with over 30 million hours of operation and a high reliability rate. It’s a proven, dependable engine with a fuel-efficient design.

Lockheed Martin wins $765M deal for missile shield over Australia

August 29, 2023 / WIL BALDWIN

Canberra, Australia, August 29, 2023 – Lockheed Martin (NYSE: LMT) welcomed today’s announcement by the Department of Defense on being selected as the strategic partner to steward AIR6500 Phase 1 (AIR6500-1).

AIR6500-1 will provide the Australian Defence Force (ADF) with a Joint Air Battle Management System (JABMS) that will form the ground-breaking architecture at the core of the ADF’s future Integrated Air and Missile Defence (IAMD) capability. This first-of-its-kind system will provide greater situational awareness and defence against increasingly advanced air and missile threats, as well as give the ADF increased levels of interoperability with the United States and allied partners.

Since 2015, Lockheed Martin Australia has been highly dedicated to supporting ADF’s vision to transform into a fully integrated and IAMD capable force through AIR6500-1.

Lockheed Martin Australia has advanced a sovereign AIR6500-1 system solution that has been built from the ground up in Australia by Australians to safeguard Australia’s national security. To-date, Lockheed Martin Australia has:

Validated more than 130 Australian small to medium enterprises as potential partners.
Awarded contracts to more than 10 leading-edge companies such as Leidos Australia, Consunet, Consilium, C4I, Silentium, Penten, Lucid Consulting Engineering, and engaged with prime contractors, Raytheon and Boeing, during the risk reduction phase to develop an agile, integrated AIR6500 solution.
Committed AUD$74M to establish the nation’s future IAMD ecosystem to accelerate collaboration between academia, industry, Defence, and allied partners on IAMD capabilities. The IAMD ecosystem is expected to create more than 400 direct and 1,000 indirect local jobs.
Invested over AUD$100M into AIR6500.
Grown its sovereign workforce to over 200 Australian staff now dedicated to AIR6500.
Invested over AUD$10M to upgrade its Endeavour Centre to engage, explore, test, design and problem solve together with the ADF and industry through innovation, war gaming, exercises and more.

Indonesia Ministry of Defense Visit, Republic of Indonesia; TNI Lieutenant General (Purn) Prabowo Subianto tours F-15EX Production in Building 101; F-15 Static Display in Building 75 and Ceremonial Statement Signing in Building 100 Prologue Room - St. Louis, MO. MSF23-036 Series.

Indonesia Announces Commitment to Acquire Boeing F-15EX

August 21, 2023 / WIL BALDWIN

ST. LOUIS, MISSOURI, August 21, 2023 – The Republic of Indonesia and Boeing (NYSE: BA) shared their commitment to finalize the sale of 24 F-15EX aircraft to Indonesia, subject to U.S. government approval, during a visit of Indonesia’s Minister of Defense Prabowo Subianto to the United States.

The signing of a Memorandum of Understanding (MoU) by Air Vice Marshal Yusuf Jauhari, Head of Defense Facilities Agency, Indonesia Ministry of Defense, and Mark Sears, Boeing Fighters vice president and program manager, took place today at the company’s St. Louis facility following a tour of the F-15EX production line.

The F-15EX is the most advanced version of the F-15 ever built, with digital fly-by-wire flight controls, a new electronic warfare system, an all-glass digital cockpit, and the latest mission systems and software capabilities, which will all be leveraged in delivering the new F-15IDN.

Boeing and Indonesia have worked in partnership for nearly 75 years to support the development of aerospace and defense capabilities in the country through training, supply chain development and collaborations. Today, Boeing’s presence in Indonesia covers commercial aviation, defense, space, supply chain, academia partnerships and talent development efforts across the local industry.

Currently the F-15 is operated by seven countries around the world.

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.

Mesa Air Group Announces Third Quarter 2023 Earnings Release and Conference Call Date

August 7, 2023 / WIL BALDWIN

Phoenix, Arizona, August 07, 2023 (GLOBE NEWSWIRE) – Mesa Air Group, Inc. (NASDAQ: MESA) will release its third quarter earnings results for fiscal year 2023 after the market closes on Wednesday, August 9th. The company will also host a conference call to discuss the results on August 9th at 4:30 pm Eastern Time.

The call can be accessed by dialing 800-857-9792 and entering the passcode: PHOENIX (7463649).

There will also be a listen-only webcast on Mesa’s website (found here). A recorded version will be available on Mesa’s website approximately two hours after the call (http://investor.mesa-air.com).

About Mesa Air Group, Inc.

Headquartered in Phoenix, Arizona, Mesa Air Group, Inc. is the holding company of Mesa Airlines, a regional air carrier providing scheduled passenger service to 89 cities in 40 states, the District of Columbia, the Bahamas, Canada, Cuba, and Mexico as well as cargo services out of Cincinnati/Northern Kentucky International Airport. As of June 30, 2023, Mesa operated a fleet of 80 aircraft with approximately 277 daily departures and four 737 cargo aircraft. The Company had approximately 2,300 employees. Mesa operates all its flights as either United Express or DHL Express flights pursuant to the terms of a capacity purchase agreement entered into with United Airlines, Inc. and a flight service agreement with DHL.

JetBlue and Air Serbia Announce New Codeshare Agreement

August 7, 2023 / WIL BALDWIN

New York, N.Y., BUSINESS WIRE – JetBlue Airlines (NASDAQ: JBLU) and Air Serbia today announced a new partnership making Air Serbia-operated flights available on JetBlue.com with a new codeshare agreement.

Beginning July 26, 2023, JetBlue placed its “B6” airline code on Air Serbia-operated nonstop flights from New York’s John F. Kennedy International Airport (JFK) and Chicago’s O’Hare International Airport (ORD) to Belgrade’s Nikola Tesla Airport (BEG). Additionally, JetBlue plans on placing its “B6” code on other flights between Belgrade and points in Europe in the near future. Air Serbia plans to add their “JU” airline code to 25 destinations throughout the JetBlue network.

JetBlue is New York’s Hometown Airline®, and a leading carrier in Boston, Fort Lauderdale-Hollywood, Los Angeles, Orlando and San Juan. JetBlue carries customers to more than 100 destinations throughout the United States, Latin America, Caribbean, Canada, United Kingdom and France. For more information and the best fares, visit jetblue.com.

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