Tag: equipment (Page 6 of 7)

MDHI Features MD 530F at APSCON 2019

July 15, 2019 / WIL BALDWIN

MD Helicopters, Inc. (MDHI) announces its participation in the 2019 Airborne Public Safety Aviation Convention (APSCON), July 17-19, 2019 at the CHI Health Center, Omaha, NE. The MDHI display will feature a company-owned MD 530F configured with the type-certified Block 1 all-glass cockpit, newly designed side mounts, and critical vision mission equipment from Trakka Systems. The MD 530F on display is one of two MDHI research and development assets dedicated to ensuring technological and performance improvements for the iconic 369FF airframe.

“Continuous improvements, innovation, and service to airborne law enforcement and public safety operations have been at the core of MD Helicopters’ business for more than 50 years,” said Lynn Tilton, Chief Executive Officer for MD Helicopters, Inc. “Through investment in product design and internal research, development and testing, we are able to deliver next generation capabilities that improve performance, reduce pilot workload, and ensure that reliability, affordability and optimal operational readiness remain hallmarks of the MDHI brand for the next 50 years and beyond.”

Current MDHI customers and interested operators who visit the MDHI booth at the 2019 Airborne Public Safety Aviation Convention (APSCON), will be able to learn more about the following offerings:

Certified Glass Cockpits

MDHI has type-certified for production, and as a type-design option, advanced, all-glass cockpits for the MD 530F and the MD 600N. Certification efforts are ongoing for the company’s other single-engine models. The Block 1 glass cockpit for the MD 530F single-engine helicopter features:

Howell Instruments Electronic Engine Instruments and Crew Alert System (EICAS)
Garmin G500[H] TXi Electronic Flight Instruments (EFIS) with Touchscreen GDU 700P PFD/MFD
Garmin GTN 650 Touchscreen NAV/COM/GPS
Optional L-3 ESI 500 Electronic Standby Instrument

Advanced Mission Equipment Installation

In order to accommodate installation of the widest range of mission critical vision technologies, MD Helicopters designed and is currently certifying innovative new side mounts that will allow effortless integration of critical EO/IR and searchlight equipment. The mounts are purpose-built to support law enforcement-preferred left-hand command configurations for vision solutions.

On display at the MDHI booth, #1001, are EO/IR and Searchlight solutions from TRAKKA Systems.

TrakkaBeam® TLX
TC-300 high performance multi-sensor surveillance system

Aftermarket & Customer Support Programs

The MD Helicopters Aftermarket and Customer Support teams continue to focus on innovation and responsiveness. Both the easy-to-use MyMD.aero customer portal and the Aftermarket Center of Excellence (ACE) have played integral roles in ensuring optimal operational readiness for the global fleet of MDHI-brand helicopters.

Demo Flights

MDHI has limited availability for demo flights while in Omaha. Interested organizations with current acquisition plans can request a demo flight either prior to show open (July 14 or 15), or immediately following the close of APSCON 2019 (July 19 or 20). Request should be submitted through your MDHI Business Development Director.

“We have great respect for our law enforcement operators, the job they do and the sacrifices they make each and every day, and it is for them that we remain focused on manufacturing the best helicopters with the most advanced, most affordable, most capable systems available.”

Qatar Agrees to Buy U.S. Aircraft, Engines, Defense Equipment

July 9, 2019 / WIL BALDWIN

(Bloomberg) — Qatar has made agreements with U.S. companies to spend billions on airplanes and jet engines and to develop a petrochemical complex, the White House said on Tuesday.

At least some of the deals were previously made but were publicly touted by the Trump administration Tuesday. Among them: Qatar Airways purchasing Boeing Co. 777 freighters and large-cabin aircraft from Gulfstream Aerospace, the private jet unit of General Dynamics Corp.

“They’re investing very heavily in our country,” Trump told reporters at the White House. “They’re creating a lot of jobs. They’re buying tremendous amounts of military equipment including planes.

Qatar’s defense ministry committed to acquire Raytheon Co.’s NASM and Patriot Systems, according to the White House. In addition, a unit of Chevron Corp. entered into an agreement with Qatar Petroleum for the development, construction and operation of a petrochemicals complex in Qatar.

The agreements, whose total cost wasn’t disclosed by the White House, were announced during a visit to the White House by the emir of Qatar, Sheikh Tamim Bin Hamad Al Thani.

The deals come amid a two-year economic blockade of Qatar led by U.S. ally Saudi Arabia and supported by nations including Egypt and the United Arab Emirates. Trump initially appeared to support the Saudi move — echoing its assertions that Qatar supported terrorists — even though it put the U.S. in an awkward position because it has a major military base in Qatar.

But Qatar has looked to improve relations in the U.S., with the emir saying the country was committed to doubling the economic partnership between the two countries. Mansoor bin Ebrahim Al Mahmoud, who leads the Qatar Investment Authority, said earlier this year that the country’s sovereign wealth fund will look to increase its U.S. investment portfolio from around $30 billion to about $45 billion over the next two years.

The country has also made significant gestures toward increasing its spending on U.S. defense contractors, with the U.S. approving a large weapons systems purchase ahead of Sheikh Tamim’s last visit to the country. In 2017, the country signed a deal to spend $12 billion for the purchase of 36 F-15QA fighter jets.

And the U.S. has announced plans to expand and renovate the al-Udeid Air Base near Doha, which houses the forward headquarters of the U.S. military’s Central Command and some 10,000 American troops. During a dinner with the leaders on Monday, Trump thanked Sheikh Tamim for Qatar’s $1.8 billion investment in the project which will be used to construct housing and entertainment facilities.

Several companies have released specifics of some of the agreements that were formalized on Tuesday.

Gulfstream said its deal is for $1 billion in corporate jets that General Dynamics announced in January without giving the customer’s name. Boeing said last month it made a deal to sell five 777 freighters at a list price of $1.8 billion.

Qatar Airways plans to use General Electric Co. jet engines for Boeing 787 and 777 aircraft, according to the White House.

A Chevron statement Tuesday said the company was signing a new agreement at the White House for a previously unannounced $8 billion U.S. Gulf Coast project. The White House statement mentions only a prior deal, announced last month, in which the company would join forces with Qatar Petroleum to build a facility in Qatar.

(Story by Justin Sink and Thomas Black, Edited by Alex Wayne, Justin Blum, and Larry Liebert)

Bombardier Wins Order to Supply 12 Commuter Trains for Adelaide, Australia

June 28, 2019 / WIL BALDWIN

Adelaide’s electric multiple unit trains, manufactured locally by Bombardier, were the first electric trains to operate in South Australia

Mobility solution provider Bombardier Transportation has received a contract variation from the Government of South Australia for 12 three-car A-City electric multiple unit (EMU) trains. This latest order will increase Bombardier’s fleet of A-City EMUs to a total of 34 trains and provide a much-needed capacity increase on Adelaide’s suburban rail network.

Wendy McMillan, President, South East Asia and Australia Region, Bombardier Transportation, said, “Since 2005, Bombardier has been supporting Adelaide’s mobility needs with its diesel and electric commuter trains and this contract variation is another huge endorsement of our workforce and the quality of the products designed, built and maintained here in Australia.” She added, “We are proud to deepen our long-term partnership in this important market, built on a strong track record of delivery performance, best-in-class rail technology and value-adding long-term solutions; which has laid the foundation to further support South Australian Government’s great efforts to meet a higher demand for public transport that will ensure the comfort and ease of every passenger’s journey.”

Bombardier is the only rail manufacturer in Australia with the ability and capacity to singlehandedly manufacture trains and trams in Australia. We have industrial design, engineering, manufacturing, maintenance and rail signalling teams based in Australia which allows us to maintain the highest level of local content across the majority of our projects.

Bombardier has been delivering Adelaide DMU’s from 2005 and since 2011, our Dandenong facility in Victoria, Australia is involved in delivering the Adelaide A-City EMU fleet. Our local engineers have developed an in-depth knowledge of Adelaide’s rail network over these years, information which enabled Bombardier to propose the most efficient and network-friendly EMU solution which has resulted in high reliability and availability of trains, reduced operational cost and increased performance.

These three-car trains, operating on Seaford and Gawler Line, can accommodate 240 seated passengers as well as up to 300 standees, can provide premium passenger comfort and are equipped to handle Adelaide’s hot summers. These environmentally-friendly trains have generated more than 200 local jobs, achieved high local content from almost zero when we started in Dry Creek to more than 60% today, which has created a robust supply-chain in Australia, enhanced local talent pools with skills development and training programs and developed critical asset management capabilities for Australia’s rail industry.

The Adelaide A-City EMU trains won Bombardier a Good Design Award at the 2015 Australian International Design Awards. Bombardier has been investing in Australia for more than 70 years. As a trusted rail industry partner with over 1,000 employees, Bombardier designs, engineers, manufactures and maintains rolling stock across Australia, along with providing signalling, rail equipment, asset management and through-life support to customers and operators.

This latest order will increase Bombardier’s fleet of A-City EMUs to a total of 34 trains.

Bombardier Delivers Final B-series Trains to Perth, Australia

June 24, 2019 / WIL BALDWIN

Bombardier has supplied and maintained 78 B-series Electric Multiple Units over the last 15 years for Western Australia’s Public Transport Authority (PTA) in a joint venture with Downer EDI

Mobility solution provider Bombardier Transportation announced today that its Australian joint venture with Downer EDI, known as EDI Rail Bombardier Transportation Pty Ltd, is celebrating the final delivery of the B-Series Electric Multiple Unit trains for Western Australia’s Public Transport Authority (PTA). This occasion, which relates to the contract signed in 2016 for 30 additional railcars, was commemorated with an acceptance ceremony for the final train at the Nowergup Rail Depot which was attended by Rita Saffioti, Minister of Transport, Planning and Lands, Western Australia and Elwyn Gearon, General Manager, Transperth Train Operations.

Wendy McMillan, President, South East Asia and Australia region said, “We are very proud to complete the delivery of the B-Series EMU train fleet to the full satisfaction of PTA and providing a comfortable and reliable transport solution for over 60 million commuters every year.” She added, “Bombardier and PTA have worked together for over 30 years and we will continue as long-term partners on local initiatives including development of skilled and sustainable jobs, building a strategic supplier base, enhancing engineering capabilities and offering new technologies and expertise to the important Western Australia mobility ecosystem.”

The 15-year journey for Perth’s B-series train sets included the design, assembly and maintenance by the Bombardier Joint Venture (JV) in Australia. The trains have been manufactured at Downer’s facility in Maryborough, Queensland, with electrical pre-assembly work undertaken by Bombardier at its Australian manufacturing facility in Dandenong, Victoria. With an initial order of 31 three car trainsets, the first train entered service in 2004 and the final delivery will now see a total of 78 EMU trains in service. The Bombardier JV will also continue to provide Fleet Maintenance services to PTA for Transperth’s A- and B- series train fleets until 2026 and employ over 130 people across three sites including Nowergup, which manages the maintenance of the entire B-Series fleet.

The B- series EMU platform has been locally designed by Bombardier in Australia. This latest delivery adds to the more than 1,200-strong EMU vehicle fleet of various designs already operating at high reliability and availability delivered across Queensland, Victoria, South Australia and Western Australia by Bombardier over the past 40 years.

Bombardier has been investing in Australia for more than 70 years. As a trusted rail industry partner with over 1,000 employees, Bombardier designs, engineers, manufactures and maintains rolling stock across Australia, along with providing signalling, rail equipment, asset management and through-life support to customers and operators.

About Bombardier Transportation

Bombardier Transportation is a global mobility solution provider leading the way with the rail industry’s broadest portfolio. It covers the full spectrum of solutions, ranging from trains to sub-systems and signalling to complete turnkey transport systems, e-mobility technology and data-driven maintenance services. Combining technology and performance with empathy, Bombardier Transportation continuously breaks new ground in sustainable mobility by providing integrated solutions that create substantial benefits for operators, passengers and the environment. Headquartered in Berlin, Germany, Bombardier Transportation employs around 40,650 people and its products and services operate in over 60 countries.

U.S. Arms Makers See Booming European Demand

June 23, 2019 / WIL BALDWIN

53rd International Paris Air Show at Le Bourget Airport

PARIS (Reuters) – U.S. arms makers say European demand for fighter jets, missile defenses and other weapons is growing fast amid heightened concerns about Russia and Iran.

The U.S. government sent a group of unusually high-ranking officials including Commerce Secretary Wilbur Ross to the Paris Airshow this year, where nearly 400 U.S. companies were showcasing equipment as the United States and Iran neared open confrontation in the Persian Gulf.

Lockheed Martin, Boeing and other top weapons makers said they had seen accelerating demand for U.S. weapons at the biennial air show despite escalating trade tensions between the United States and Europe.

“Two Paris air shows ago, there weren’t a lot of orders,” said Rick Edwards, who heads Lockheed’s international division. “Now … our fastest growth market for Lockheed Martin in the world is Europe.”

Many European nations have increased military spending since Russia’s annexation of the Crimea region of Ukraine in 2014, bolstering missile defenses and upgrading or replacing ageing fighter jet fleets. NATO members agreed in 2014 to move toward spending 2% of gross domestic product on defence.

Eric Fanning, chief executive of the Aerospace Industries Association, said the NATO pledge and European concerns about Russia were fueling demand. “I do think it reflects the increasing provocations of Russia,” he said.

Industry executives and government officials say growing concern about Iran’s missile development program is another key factor. Tehran’s downing of a U.S. drone came late in the air show, but executives said it would support further demand.

“Iran is our best business development partner. Every time they do something like this, it heightens awareness of the threat,” said one senior defence industry executive, who asked not to be named.

Edwards said Lockheed’s F-35 stealth fighter, selected by Belgium, is poised to win another new order from Poland, while Bulgaria, Slovakia and Romania are also working to replace Soviet-era equipment.

Edwards and other executives say they see no impact from the ongoing trade disputes between U.S. President Donald Trump and the European Union.

U.S. Army Lieutenant General Charles Hooper, director of the Pentagon’s Defense Security Cooperation Agency (DSCA), said Europe accounted for nearly a quarter of the $55.7 billion in foreign arms sales his agency handled in fiscal 2018.

Hooper said the U.S. government was making concerted efforts to speed arms sales approvals and boost sales to help arm allies with U.S. weapons.

Ralph Acaba, president of Raytheon Co’s’s Integrated Defense Systems business, said the company was boosting automation and working to deliver the Patriot missile system and other weapons in half the five-year period previously typical.

“Europe is really big for us now, and that’s a big change in just the last few years and even the last 18 months,” he said.

In addition to wooing new Patriot customers, Raytheon is upgrading existing systems for customers like Germany, which is likely to finalize a contract worth potentially hundreds of millions of dollars to the company in coming months.

Thomas Breckenridge, head of international sales for Boeing’s strike, surveillance and mobility programs, is eyeing contracts wins for Boeing’s F/A-18 Super Hornet fighter jets in Germany, Switzerland and Finland.

“There’s a huge appetite in Europe for defence as a whole,” he said.

(Reporting by Andrea Shalal; Editing by Jan Harvey)

United Technologies & Raytheon to Create Defense Giant

June 10, 2019 / WIL BALDWIN

United Technologies, Raytheon to create $120 billion aerospace and defence giant

(Reuters) – United Technologies Corp agreed on Sunday to combine its aerospace business with U.S. contractor Raytheon Co and create a new company worth about $121 billion, in what would be the sector’s biggest ever merger.

The deal would reshape the competitive landscape by forming a conglomerate which spans commercial aviation and defense procurement. United Technologies provides primarily commercial plane makers with electronics, communications and other equipment, whereas Raytheon mainly supplies the U.S. government with military aircraft and missile equipment.

While United Technologies and Raytheon have some common customers, their business overlap is limited, an argument the companies plan to make once U.S. antitrust regulators start scrutinizing the merger.

However, the two major commercial aircraft makers, Boeing Co and Airbus SE, as well as the Pentagon, have been known to use their significant purchasing power to seek concessions from their suppliers and may not welcome a potential lessening in competition among them.

When United Technologies rebuffed an acquisition offer from Honeywell International Inc in 2016, United Technologies chief executive Greg Hayes justified the decision partly by predicting that Boeing and Airbus would never accept having a supplier that would “build the plane from tip to tail.”

United Technologies has said it is on track to separate its Carrier air conditioning and Otis elevator businesses, leaving the company focused on its aerospace business through its $23 billion acquisition of Rockwell Collins, which was completed in 2018, and the Pratt & Whitney engines business.

Chinese authorities scrutinized the acquisition of airplane parts maker Rockwell Collins closely, given the companies’ footprint in that country’s market. This resulted in the deal closing in November 2018, as opposed to the targeted third quarter.

Trade tensions between the United States and China were blamed at least partly by analysts for that delay, but a source close to the deal said the companies did not expect this to be repeated because Raytheon does not do business in China.

Under the deal announced on Sunday, Raytheon shareholders will receive 2.3348 shares in the combined company for each Raytheon share. The merger is expected to result in more than $1 billion in cost synergies by the end of the fourth year, the companies said.

United Technologies shareholders will own about 57% of the combined business, called Raytheon Technologies Corporation, which will be led by Hayes. Raytheon shareholders will own the remaining stake, and Raytheon CEO Tom Kennedy will be named executive chairman. The companies negotiated the terms over several months, according to the source, who requested anonymity discussing the confidential deliberations.

The deal has been structured so that no shareholder of either company will receive a premium. United Technologies and Raytheon have market capitalizations of $114 billion and $52 billion, respectively.

The deal is expected to close in the first half of 2020.

The newly created company is expected to return between $18 billion and $20 billion of capital to shareholders in the first three years after the deal’s completion, the companies said. The new company will also assume about $26 billion in net debt, they added.

DEFENSE SPENDING RISE

Raytheon, maker of the Tomahawk and the Patriot missile systems, and other U.S. military contractors are expected to benefit from strong global demand for fighter jets and munitions as well as higher U.S. defense spending in fiscal 2020, much of it driven by U.S. President Donald Trump’s administration.

However, Pentagon spending is projected to slow down after an initial boost under Trump. A deal with United Technologies would allow Raytheon to expand into commercial aviation.

Conversely, United Technologies could benefit from reducing its exposure to commercial aerospace clients amid concerns that the rise of international trade protectionism will suppress economic growth and weigh on the flow of goods through air traffic.

The International Air Transport Association, which represents about 290 carriers accounting for more than 80% of global air traffic, cited these concerns earlier this month, when it said the industry is expected to post a $28 billion profit in 2019, down from a December forecast of $35.5 billion.

The deal with Raytheon could put pressure on General Electric Co, which competes with United Technologies for commercial aerospace clients, to seek scale. It could also push other defense contractors, such as Lockheed Martin Corp, to explore expanding their commercial businesses.

Last year, military communication equipment providers Harris Corp and L3 Technologies Inc announced an all-stock merger that, once completed, will create the sixth-largest U.S. defence contractor.

Morgan Stanley, Evercore Inc and Goldman Sachs Group Inc were financial advisers to United Technologies, while Wachtell, Lipton, Rosen & Katz was its legal adviser. Citigroup Inc was financial adviser to Raytheon, and RBC Capital Markets LLC provided a fairness opinion. Shearman & Sterling LLP was legal adviser to Raytheon.

(Reporting by Harry Brumpton and Kate Duguid in New York; Additional reporting by Mike Stone in Washington and Rama Venkat in Bengaluru; Editing by Richard Chang and Rosalba O’Brien)

American Airlines Eliminates Some Oversized Bag Fees

May 21, 2019 / WIL BALDWIN

FORT WORTH, Texas — As the busy summer travel period quickly approaches, American Airlines has announced changes to its policies regarding oversize sports and music equipment. American is eliminating oversize bag fees for common sports and music equipment, effective for travel on or after May 21. The updated policies, which will be music to the ears of musicians who fly on American, will also ensure that customers can more easily pursue active and healthy lifestyles wherever their travels may take them, without having to pay additional oversize bag fees.

Customers can check common oversize sports and music equipment as standard baggage, up to the maximum allowed dimensions and within the weight requirements. Refer to the full policy for additional information.

What you should know

• Based on feedback from our customers and American team members, American is eliminating the charge for common oversize sports and music equipment — up to the maximum size we accept for these items. The change is effective for travel on or after May 21.
• American will accept these oversize items as a standard checked bag without an additional oversize charge.
• The checked oversize bag counts toward a customer’s normal baggage allowance. For example, customers traveling within the United States, who used to pay $150 to check one oversize item such as a surfboard, will now pay $30 — the cost of a standard first bag — if the weight is less than 50 lbs. Customers traveling with skis or a snowboard will now be able to check in an equipment bag with the skis or snowboard as one bag (up to 50 lbs./62 in.).
• Due to special handling requirements, oversize items such as antlers, hang gliders, scuba tanks and kite/windsurfing items will continue to incur a flat $150 fee.
• Additional allowances/restrictions may apply based on destination, class of service, elite status, active U.S. military members or AAdvantage® cardmembers (on domestic American-operated itineraries). For more information, visit aa.com/checkedbags.

About American Airlines Group

American Airlines and American Eagle offer an average of nearly 6,700 flights per day to nearly 350 destinations in more than 50 countries. American has hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix and Washington, D.C. American is a founding member of the oneworld® alliance, whose members serve more than 1,000 destinations with about 14,250 daily flights to over 150 countries. Shares of American Airlines Group Inc. trade on Nasdaq under the ticker symbol AAL. In 2015, its stock joined the S&P 500 index.

BRX Holdings to buy Pioneer Railcorp for $18.81 Per Share

May 17, 2019 / WIL BALDWIN

PEORIA, Ill., May 17, 2019 /PRNewswire/ — Pioneer Railcorp (OTC: PRRR, “Pioneer”), a railroad holding company that owns short-line railroads and several other railroad-related businesses including a railroad equipment company and a contract switching services company, and BRX Transportation Holdings, LLC (“BRX”), an entity formed by Brookhaven Rail Partners (“Brookhaven”) and Related Infrastructure (“Related”), announced entry into a definitive merger agreement under which BRX will acquire Pioneer for $18.81 per share in cash. The agreement, which has been unanimously approved by Pioneer’s independent directors, represents a premium of approximately 100.7% over Pioneer’s closing stock price on May 16, 2019, the last trading day prior to the announcement of the transaction.

“We look forward to this next chapter in Pioneer’s journey and anticipate it will have a bright future under new ownership,” said Mike Carr, President and Chief Executive Officer of Pioneer.

“We are excited to partner with Related Infrastructure and to have worked with Pioneer’s management and board on a transaction that brings great value to its shareholders, its customers, and the communities it serves. Pioneer fits perfectly with Brookhaven’s philosophy of identifying opportunities where our hands-on management expertise, proprietary value creation strategies, and deep industry relationships provide us with a competitive advantage and the ability to create value,” said Alex Yeros, Principal of Brookhaven.

Related Infrastructure, a subsidiary of Related Fund Management which has raised over $5 billion of capital across a variety of different investment vehicles and strategies, invests in companies that develop, operate and service transportation infrastructure throughout the United States. Andrew Right, Managing Partner of Related Infrastructure said, “We are pleased to partner with Brookhaven to build a rail-based infrastructure platform. We appreciate the work Mike Carr and his team have done to create the Pioneer portfolio of rail businesses. We look forward to working with Alex and the entire team at Brookhaven, an industry leading team with over 25 years of experience building businesses in the short-line rail industry to further drive expansion of the platform.”

Under the terms of the merger agreement, BRX will acquire through merger all of the outstanding shares of Pioneer’s Class A common stock. Shareholders other than Pioneer’s subsidiary, Heartland Rail Investments LLC, will receive $18.81 per share in cash and the Heartland shares will be canceled without consideration.

In connection with the execution of the merger agreement, certain stockholders of Pioneer, together holding a significant portion of the outstanding shares of common stock of Pioneer, have agreed to vote their shares in favor of the transaction under a voting and support agreement.

The consummation of the merger is subject to various closing conditions, including approval by Pioneer’s shareholders, Surface Transportation Board approval, and operating performance by Pioneer within a specified working capital floor and debt ceiling. The merger is not subject to a financing condition. Subject to satisfaction of the closing conditions, the transaction is expected to close in the third quarter of 2019.

Arnold & Porter is acting as legal advisor to BRX in this transaction. BMO Capital Markets is serving as exclusive financial advisor to Pioneer in connection with this transaction and Briggs and Morgan, P.A. is acting as Pioneer’s legal advisor.

About Pioneer
Pioneer Railcorp is the parent company of 17 short-line common carrier railroad operations, an equipment leasing company, two service companies and a contract services switching company. Pioneer and its subsidiaries operate in the following states: Alabama, Arkansas, Georgia, Illinois, Indiana, Iowa, Kansas, Michigan, Mississippi, Ohio, Pennsylvania and Tennessee. For more information on Pioneer, please visit: http://www.Pioneer-Railcorp.com

About Brookhaven
Brookhaven Rail Partners is an affiliate of Denver-based Brookhaven Capital Partners, a privately held, real estate and infrastructure investment and management firm. Brookhaven and its principals have a 25-year track record of investing in, operating and developing critical transportation assets that support industry, and promote new economic development, community investment, and job creation. For more information on Brookhaven, please visit: http://www.BrookhavenPartners.com

Bombardier Wins Eurotunnel Shuttle Renovation Contract

March 20, 2019 / WIL BALDWIN

As part of the 2018-2026 mid-life programme, Eurotunnel signed a contract with Bombardier Transportation to renovate nine “PAX” Shuttles. Composed in total of 254 wagons, each 800-meter long shuttle is made up for passengers’ vehicles with passengers remaining in their vehicles during for the 35-minute Channel crossing. In the 25-year period since the opening of the Channel Tunnel, these Shuttles have each travelled an average of 300 round trips per month and have enabled over 236 million passengers to travel very comfortably between France and Great-Britain.

The contract is valued at €150 million ($171 million) over a period of seven years. Deliveries of the newly refurbished Shuttles will start in mid-2022 and continue until mid-2026.

Teams from Bombardier France and Belgium originally designed and built these unique vehicles in the 90’s and launched Bombardier’s activities in France. This year, the company celebrates 30 years since its establishment at the Crespin facility in the Hauts-de-France Region.

“Mobility technology leader Bombardier brings its expertise and experience to Eurotunnel to renovate the shuttles it uses in the Channel Tunnel. This project, the largest in Europe in terms of scope and ambition, marks a milestone in the development of our refurbishment activities and places Bombardier as the leader of this market in France. As well as their own know-how, our French teams will be able to tap into the overall engineering expertise and processes across the Bombardier group to make a success of this unique project” said Laurent Bouyer, President of Bombardier Transportation France.

“Eurotunnel has chosen to put its trust in Bombardier Transportation for the renovation of its Passenger Shuttles. We are celebrating 25 years of operation of these unique Shuttles that were built 30 years ago. This strategic investment, our most important in 25 years, allows Eurotunnel to maintain the highest level of quality service and to affirm trust in its long-term perspectives”, said François Gauthey, Deputy Chief Executive Officer of the Group.

Bombardier will be responsible for the renovation of 26 wagons on each of the nine Shuttles, including 12 single-deck carriages for coaches, minibuses, caravans and vehicles over 1.85 meters high, 12 double-deck carriages for cars and motorcycles, and 2 double-deck loader wagons, in addition to two spare loader wagons. As project technical advisor, Bombardier will lead the integration and renovation operations except for the single-deck loaders and will lead on engineering design and procurement for onboard equipment.

Eurotunnel will undertake design and procurement of key equipment such as brakes, doors, fire doors, fire detection, HVAC and the double-deck loaders. Eurotunnel will manage the homologation process of the renovated Shuttles with the appropriate authorities. Bombardier will provide the technical support to prepare the required documentation.

About Eurotunnel

Eurotunnel, a subsidiary of Getlink SE, manages the Channel Tunnel infrastructure and operations Truck and Passenger Le Shuttle services (cars and coaches) between Folkestone, UK and Calais, France. Eurotunnel holds the Channel Tunnel concession until 2086 and remains the fastest, most reliable, easiest and most environmentally friendly way to cross the Channel. In 25 years, more than 430 million people and 86 million vehicles have travelled through the Tunnel. This unique land link has become a vital link between the United-Kingdom and continental Europe.

About Bombardier Transportation

Boeing and Safran Announce Initium Aerospace APU Joint Venture

February 14, 2019 / WIL BALDWIN

CHICAGO and PARIS, Feb. 13, 2019 /PRNewswire/ — Boeing [NYSE: BA] and Safran [EPA: SAF] today announce the name of their 50-50 joint venture to design, build and service Auxiliary Power Units (APUs): Initium Aerospace.

From its Latin roots, initium means ‘the beginning’ or ‘to start.’ This is what an APU is and does when it provides the power to start the main aircraft engines and systems on the ground and, if necessary, in flight. Initium Aerospace starts with Boeing’s customer and airplane knowledge and Safran’s experience designing and producing complex propulsion systems.

“This is an exciting milestone as we bring together the best of both companies to design and build an advanced APU that will create more lifecycle value for our customers,” said Stan Deal, president and CEO, Boeing Global Services. “This is further proof that Boeing is making strategic investments that strengthen our vertical capabilities and continue to expand our services portfolio.”

The creation of Initium Aerospace follows the regulatory and antitrust approvals the joint venture received last November, after an agreement was reached in June.

“I would like to congratulate everybody at Boeing and Safran who contributed to the creation of this new joint venture,” said Philippe Petitcolin, CEO of Safran. “Initium Aerospace is swiftly capitalizing on the vast expertise of both partners to provide state-of-the-art APUs and innovative solutions to customers. Safran is proud and totally invested in supporting Boeing’s growth and operators expectations. We look forward to presenting the first demonstrator engine to the market.”

The initial team consists of employees from the two parent companies and is led by Etienne Boisseau, CEO of Initium Aerospace. Initial work is being done in San Diego, California, where they are focused on the next-generation APU design as well as collaborating with teams across Boeing and Safran on engineering and production.

Safran is an international high-technology group, operating in the aircraft propulsion and equipment, space and defense markets. Safran has a global presence, with more than 58,000 employees and sales of 16.5 billion euros in 2017. Working alone or in partnership, Safran holds world or European leadership positions in its core markets. Safran undertakes Research & Development programs to meet fast-changing market requirements, with total R&D expenditures of around 1.4 billion euros in 2017. Safran is listed on the Euronext Paris stock exchange, and is part of the CAC 40 and Euro Stoxx 50 indices.

In February 2018, Safran took control of Zodiac Aerospace, significantly expanding its aircraft equipment activities. Zodiac Aerospace has 32,500 employees and generated sales of 5.1 billion euros for its fiscal year ended August 31, 2017.

Boeing is the world’s largest aerospace company and leading manufacturer of commercial airplanes and defense, space and security systems. Boeing is also the world leader in combined commercial airlines and government services with customers in more than 150 countries. The company’s products and tailored services include commercial and military aircraft, satellites, weapons, electronic and defense systems, launch systems, advanced information and communication systems, and performance-based logistics and training. Boeing employs approximately 150,000 people across the United States and in more than 65 countries.

Forward-Looking Information Is Subject to Risk and Uncertainty

Certain statements in this release may be “forward-looking” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the expected timetable for completing the transaction, future business prospects, and benefits and synergies of the transaction, as well as any other statement that does not directly relate to any historical or current fact. Forward-looking statements are based on current assumptions about future events that may not prove to be accurate. These statements are not guarantees and are subject to risks, uncertainties and changes in circumstances that are difficult to predict. Many factors could cause actual results to differ materially from these forward-looking statements. As a result, these statements speak only as of the date they are made and we undertake no obligation to update or revise any forward-looking statement, except as required by law. Specific factors that could cause actual results to differ materially from these forward-looking statements include the effect of global economic conditions, the ability of the parties to consummate the transaction and receive antitrust clearance, and other important factors disclosed previously and from time to time in reports filed by Boeing and Safran with their respective agencies.

Story and images from http://www.boeing.com/

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