Tag: reduce (Page 6 of 7)

Daimler to Ax at Least 10,000 Jobs in Latest Car Industry Cuts

November 30, 2019 / WIL BALDWIN

FRANKFURT (Reuters) – Daimler said on Friday it will cut at least 10,000 jobs worldwide over the next three years, following others in the industry as they cut costs to invest in electric vehicles while grappling with weakening sales.

It marks the third announcement on cost cuts this week by a major German car company as automakers seek to fund huge investments into cleaner and self-driving technologies while demand in China, their biggest market, is falling and a trade war between Washington and Beijing is curbing economic growth.

“The automotive industry is in the middle of the biggest transformation in its history,” Daimler said in a statement.

Daimler, the owner of Mercedes-Benz, revealed the 3% cut in its workforce after reaching an agreement on its plans with labor unions.

They have agreed on a variety of measures to cut costs and jobs, including expanding part-time retirement and a severance program to be offered in Germany. The company is also cutting 10% of worldwide management positions.

Staff reductions would be in the low five-digits, or at least 10,000 people, according to Wilfried Porth, a board member in charge of human resources. The company employed 304,680 staff at the end of the third quarter.

Plans laid out by Daimler in November showed the company aimed to cut staff costs by around 1.4 billion euros ($1.54 billion) by the end of 2022.

The announcement comes days after Volkswagen’s <VOWG_p.DE> luxury car unit Audi said it would cut up to 9,500 jobs or one in ten staff by 2025, freeing up billions of euros to fund its shift toward electric vehicle production.

Also this week, BMW said that its management and labor had reached an agreement on measures to reduce bonus and other pay schemes for staff to cut costs.

Car suppliers Continental and Osram have also announced staff and cost cuts.

Daimler has repeatedly cut its profit outlook over recent months, partly to cover a regulatory crackdown on diesel emissions but also because of a slowing auto market.

Group operating profit will be “significantly lower” than a year ago, the company said last month.

Other measures to reduce staffing costs include offering shorter working weeks.

Agreements in place to prevent forced redundancies in Germany until 2029 will remain in place, Daimler said.

The workforce needs a clear strategy for the future, said Michael Brecht, chairman of Daimler’s works council. “A reduction in capacity must not be carried out on the backs of the employees,” he said.

(Editing by Elaine Hardcastle)

The Daimler logo is seen before the Daimler annual shareholder meeting in Berlin

Boeing, Etihad Airways Select 787 Dreamliner for Strategic Partnership, Environmental Collaboration, Services Agreements

November 18, 2019 / WIL BALDWIN

Etihad’s ‘Greenliner’ to serve as platform for testing ways to reduce fuel use and emissions
Multiple services agreements would support even more efficient 787 operations at Etihad

DUBAI, United Arab Emirates, Nov. 18, 2019 /PRNewswire/ — Boeing (NYSE: BA) and Etihad Airways announced today that one of the airline’s 787 Dreamliner airplanes will serve as a flying laboratory for testing procedures and initiatives that could further reduce fuel consumption and carbon emissions, as a part of a growing partnership to advance the sustainable growth of aviation.

“Innovation, productivity and sustainability are core values and objectives of Etihad Airways and of Abu Dhabi said Tony Douglas, Group Chief Executive of Etihad Aviation Group, at the 2019 Dubai Airshow. “The Boeing 787 Dreamliner is a key enabler of all three.”

The specially-themed 787 will enter service early next year and operate regular flights in Etihad Airways’ network, while periodically serving as a test bed for assessing environmental sustainability initiatives. The project builds on Etihad’s ample experience with the super-efficient airplane.

“The 787 Dreamliner and its track record of environmental performance makes it the perfect platform to advance our industry’s commitment to sustainable growth,” said Stan Deal, president and chief executive officer of Boeing Commercial Airplanes. “We look forward to continuing our collaboration with Etihad Airways to identify more opportunities to improve efficiency across commercial aviation.”

Beyond the environmental testing on the airplane, the two companies will build on the technical capabilities that Etihad Airways has developed while maintaining its own Dreamliner fleet and that of other operators. As part of the strategic partnership, the companies are discussing several areas where they can work together to improve operational efficiency.

Boeing and Etihad Airways also announced that Boeing will provide multiple services for the airline’s Dreamliner fleet, including the Component Services Program, Landing Gear Exchange, and High-Value Components Exchange, programs that help an airline simplify asset and maintenance management, reduce spare parts costs while improving parts availability. The agreements also include a customized material parts package and three Quick Engine Change (QEC) kits that enable Etihad to quickly return an airplane to service if an engine needs to be repaired or replaced.

“Boeing’s global supply chain footprint will allow ready access to parts, support and services, when and where it’s needed,” said Ted Colbert, president and chief executive officer of Boeing Global Services. “We are proud to partner with Etihad Airways to increase maintenance efficiency and maintain aircraft operability.”

These agreements build upon a history of partnership between the two companies. Both are members of a research consortium to encourage the development of sustainable aviation fuels in the region.

Airbus C295 First Fixed-Wing Search and Rescue Platform to Feature Pro Line Fusion™ Avionics from Collins Aerospace

November 16, 2019 / WIL BALDWIN

– Features night-vision goggle compatibility, Head-Up Displays and Synthetic Vision for mission success

– Advanced human-machine interface will reduce pilot workload

– Touch-screen capabilities to increase ease of operation

DUBAI, United Arab Emirates, Nov. 16, 2019 /PRNewswire/ — Airbus’ new C295 tactical aircraft will come equipped with Collins Aerospace System’s state-of-the-art Pro Line Fusion™ flight deck, significantly advancing the capabilities of C295 operators. The selection marks the first fixed-wing search and rescue platform to include Pro Line Fusion among its standard equipment. Collins Aerospace is a unit of United Technologies Corp.

The Pro Line Fusion flight deck designed for the C295 includes key features to help operators during search and rescue, and other tactical missions, being equipped with:

Four 14.1-inch (35.8 cm) touchscreen displays to provide a more intuitive interface for pilots to interact and customize their information on the flight deck
Night-vision goggle capability to help ensure successful missions in low light conditions
Head-Up Displays that enable the pilot to keep their eyes up for enhanced situational awareness
Enhanced Vision System (EVS) sensor that allows pilots to see through low-visibility conditions
Overlaid weather radar that shows a graphical depiction of weather along the flight plan for easy viewing
Integrated Terrain Awareness and Warning System that enables high-resolution 3D obstacle depiction and enhances mission safety
Fully integrated Mission Flight Management Systems supporting Search and Rescue patterns, Computed Air Release Points and High Altitude Release Points

In addition, the flight deck was designed to meet evolving airspace and regulatory requirements, future-proofing it for years to come.

“This flight deck implementation is a great example of how Collins Aerospace is able to apply the latest commercial avionics technology and integrate it with military functions and capabilities to create the perfect fit for our customers,” said Dave Schreck, vice president and general manager for Military Avionics and Helicopters at Collins Aerospace. “Our Pro Line Fusion integrated avionics system will reduce pilot workload and increase ease of operation for all future C295 operators.”

Canada’s Royal Canadian Air Force (RCAF) will serve as the launch customer for the C295 with the first delivery expected before the end of the year.

Azul Receives the First Airbus A321neo in Brazil

November 12, 2019 / WIL BALDWIN

The aircraft is the first of 13 ordered and will allow the company to simultaneously grow its high-density domestic routes and reduce seat-cost

SÃO PAULO, Nov. 12, 2019 /PRNewswire/ — Azul S.A., “Azul”, (AZUL), the largest airline in Brazil by number of cities served and daily departures, receives today the first Airbus A321neo ever delivered in Brazil. Configured in a 214 seat layout and powered by CFM International’s Leap-1A engines, the aircraft is the first of 13 ordered. The airline has chosen the A321neo to fly its high-density domestic routes and will provide customers with an industry leading inflight experience, including larger overhead bins, mood-lighting and individual touch-screen inflight entertainment.

“The A321neo is an important milestone for Azul once it will allow the company to simultaneously grow its route network and become more efficient. Customers will enjoy the extra legroom of our Espaco Azul product as well as free unlimited snacks and drinks. The new Airbus will also feature individual seat-back touch screen entertainment with stored content and soon to come streaming live-TV and Wifi”, says John Rodgerson, CEO of Azul.

About Azul
Azul S.A., the largest airline in Brazil by number of flight departures and cities served, offers 910 daily flights to 114 destinations. With an operating fleet of 133 aircraft and more than 12,000 crewmembers, the Company has a network of 237 non-stop routes as of September 30, 2019. In 2019, Azul was awarded best airline in Latin America by TripAdvisor Travelers’ Choice and also best regional carrier in South America for the ninth consecutive time by Skytrax. In 2018, the Company was elected best airline by Kayak’s Flight Hacker Guide. Azul also ranked as most on-time airline in Brazil in 2018 according to FlightStats. For more information visit www.voeazul.com.br/ir

Alstom Unveils Mock-up of Mumbai Metro Aqua Line 3

November 6, 2019 / WIL BALDWIN

Alstom and Mumbai Metro Rail Corporation (MMRC) unveiled the life-sized mock-up of the trainset for Mumbai Metro Line 3 (Aqua Line). The new, iconic and exclusive design for Mumbai meets all technical and manufacturing parameters. The mock-up provides a glimpse of the advanced features that will make daily commute substantially easier for millions of citizens in the city.

Once operational, the Aqua Line will reduce vehicular congestion by offering a better alternative that will be fast, efficient and sustainable. Earlier, in August this year, the scale model of the rolling stock was unveiled by Devendra Fadnavis, Chief Minister of Maharashtra in presence of Ashwini Bhide, Managing Director of MMRC along with senior officials. At the same event, Line 3 was christened as Aqua Line, inspired by the vital flow of the sea which is an integral part of the city.

Speaking of this milestone, Alain Spohr, Managing Director, Alstom India and South Asia said, “Our objective was to create an appropriate, future-proofed design that is relevant to the people, the city and their expectations. This theme is called – Dynamic Fluidism. All technical and manufacturing parameters have been met in respect to the high interior density layout and space efficiency. We are proud to present this ‘New Face of Mumbai Transportation’. Alstom is committed to support MMRC in easing the transportation challenges of Mumbai. With the project stipulating more than 80% localized manufacturing, this contract further reinforces Alstom’s commitment to invest, grow and Make in India.”

The design takes inspiration from the positive energy of Mumbai and architecture of the city–which is an amalgamation of different styles from around the world. The theme captures evolution of the city’s architectural landscapes over the years.

The exterior theme is a tribute to the energy flowing through the city of Mumbai – the city that never sleeps. Inspired by the vital flow of water and aspiring to be a fast, efficient and sustainable mode of travel, to become the new lifeline for the people of Mumbai.

The interior colour harmony is inspired by the people of Mumbai–always on the move, who turn to the sea for peace and are soothed by its waves and breeze. This inspired the idea to use a unique blend of comfort (beige) and freshness (arctic green) to provide a relaxing and refreshing travel experience.

The trainsets for Aqua Line will be equipped with regenerative braking system aiding significant reduction in carbon emissions. The 177.2 meter-long trainsets will have higher capacity capable of ferrying around 3,000 passengers in one trip to accommodate high passenger flow.

Aqua Line trainset will have safety features that include CCTV cameras, smoke detectors, emergency intercoms, fire extinguishers with large detrainment doors to quickly evacuate passengers in an emergency. The trainsets have appropriate signages, three rows of grab rails, grab handles, poles for holding and dedicated space for passengers with luggage. The design also ensures easy accessibility and comfort for the differently abled, with dedicated space for wheelchair in every car.

MMRC awarded Alstom a contract worth €315 million to supply 31 lightweight, fully-furnished modern passenger trainsets of 8 cars each (total 248 metro cars) for Mumbai Metro Line 3 (Aqua Line) in September 2018. Along with rolling stock, Alstom will also execute the power supply contract and equip Line 3 with Urbalis 400, its latest generation of CBTC signalling technology. The scope of the signalling contract (worth €100 million) includes unattended train operation (UTO), computer-based interlocking and centralised train supervision, platform screen doors, as well as the electrical and mechanical supervisory control and data acquisition system (E&M SCADA).

The Aqua Line has 27 stations (26 under-ground & 1 at-grade), 33.5-km long underground stretch connecting the busiest and most congested regions in Mumbai – one of the fastest growing cities in India. The metro line will connect Cuffe Parade business district in the extreme south of the city to Santacruz Electronics Export Processing Zone in the north-central. The Aqua Line will be the first underground metro line in Mumbai and will be one of the longest underground continuous stretches in India.

Bane NOR and Siemens Mobility Celebrate Milestone in Digitalization of Norway’s Rail Network

November 2, 2019 / WIL BALDWIN

Campus Nyland test, training and signaling simulation center opens
European Rail Traffic Management System (ERTMS) latest in intelligent infrastructure
Nordlandsbanen will open first digital signaling railway in October 2022

Bane NOR and Siemens Mobility celebrated the opening of Campus Nyland, a test, training and signaling simulation center which will help the rail network operator prepare for the digitalization of the entire system. Norway has committed to becoming the first country to operate with a single digital interlocking and ERTMS signifies one of the country’s largest digitalization projects. In 2022, the first digital line, Nordlandsbanen, will open. In advance, the Campus Nyland center will prepare workers for working within the digital system, ERTMS. The intelligent infrastructure behind ERTMS will reduce operating costs and increase capacity throughout the network. In addition, it will enhance safety, with real-time visibility of trains across the network. When complete in 2034, the system will include 4,200 km of track and more than 350 stations.

“Siemens Mobility is the main supplier to the Norwegian ERTMS program with their infrastructure, including interlockings and radio block centres (RBC). The Siemens Mobility solution is leading edge based upon an IP based architecture. With a strong technical roadmap and a proven ability to deliver, Siemens Mobility is the ideal partner for Bane NOR in this challenging program. We are thrilled to work together with Siemens Mobility to develop the digital rail,” said Sverre Kjenne, Executive Vice President Digitalisation and Technology, Bane NOR.

“Norway is on track to become the first country to operate in the “one country, one interlocking” architecture making it at the forefront of digitalization. Our intelligent infrastructure will ensure that the system operates efficiently. The digital interlocking, with IP controlled field components, and ERTMS are the backbone to greatly improving operations and maintenance. This architecture also opens the door for future developments such as implementing driverless technologies, moving the interlocking to the cloud, which would make proprietary hardware and spare parts a relic of the past, and would make data instantaneously available to transportation operators,” stated Michael Peter, Siemens Mobility CEO. “Campus Nyland is an important milestone in turning this vision into reality.”

Campus Nyland will be an industry center for digital education and will house more than 5,000 employees, who will learn the necessary digital skills needed to ensure ERTMS is successful when it goes operational. These will include individuals from Bane NOR, train companies, maintenance companies and contractors. Bane NOR will facilitate simulator training as well as physical training facilities. New technology, such as virtual reality, will be used to communicate how the tracks are built with ERTMS, as well as the design of trains and traffic control centers. More than 150 different scenarios are available for training within the highly digital training hub.

In the spring of 2020, the Roa – Hønefoss ERTMS test line opens. The new signaling technology will be monitored and tested from Campus Nyland.

The next important milestone in turning ERTMS into a reality will be the digitalization of the first Norwegian rail line. In October 2022, Nordlandsbanen, which operates from Grong to Bodø, and represents about 12 percent of the Norwegian railway will go operational.

Fiat Chrysler, Peugeot Owner PSA Once Again in Talks to Combine

October 29, 2019 / WIL BALDWIN

(Reuters) – Fiat Chrysler and Peugeot owner PSA are in talks to combine in a deal that could create a $50 billion (£38.88 billion) automaker, a source familiar with the matter said on Tuesday.

Fiat Chrysler shares rose sharply after news of the talks and ended up more than 7.5% in U.S. trading. The companies and the French government had no comment.

The Wall Street Journal first reported the discussions. PSA’s supervisory board was due to meet on Wednesday to discuss the potential merger, another source close to the matter said.

If a combination of Peugeot and Fiat Chrysler succeeded in overcoming political, financial and governance hurdles, the new enterprise would still face substantial challenges. Global automakers face the prospect of a slowdown in global demand coinciding with the most dramatic technology changes in a century.

Peugeot Chief Executive Carlos Tavares has predicted “ten years of chaos” for global automakers as regulators demand a switch to electric vehicles to reduce emissions linked to climate change.

Investors have speculated for several years that Fiat Chrysler was hunting for a merger partner, encouraged by the rhetoric of the company’s late chief executive, Sergio Marchionne.

In 2015, Marchionne outlined the case for consolidation of the auto industry and tried unsuccessfully to interest General Motors Co in a deal. Fiat Chrysler earlier this year broached a merger with French automaker Renault SA that ultimately collapsed.

Created when Fiat, under Marchionne’s leadership, bought control of Chrysler out of a U.S. government-backed bankruptcy in 2009, Fiat Chrysler has one of the global auto industry’s most profitable franchises in the Jeep sport utility vehicle brand and a money-spinning North American pickup and commercial van operation in Ram. Both would boost Peugeot, which does not sell vehicles in the U.S. market.

Peugeot and Fiat Chrysler could over time share engines and vehicle architectures, reducing capital spending and freeing up cash to invest in electric vehicles and emissions reduction technology required in Europe, China and other global markets.

Fiat Chrysler is under increasing pressure to invest in clean car technology. The company disclosed earlier this month that it faces a $79 million fine for falling short of U.S. fuel efficiency standards. Fiat Chrysler agreed to pay U.S. electric car maker Tesla Inc for credits to help it comply with European emissions standards until 2022.

Evercore analyst Arndt Ellinghorst in a note on Tuesday said a combination of Fiat Chrysler and Peugeot “should ignite more rational industry behavior around allocation of capital and this particular merger makes materially more sense than a potential FCA-Renault merger.”

Peugeot and Fiat Chrysler had discussed a combination earlier this year, before Fiat Chrysler proposed a $35 billion merger with Renault. At that time, Fiat Chrysler said a deal with Renault offered more advantages than a combination with Peugeot.

Fiat Chrysler Chairman John Elkann broke off talks with Renault in June after French government officials intervened and pushed for Renault first to resolve tensions with its Japanese alliance partner, Nissan Motor Co.

Following the collapse of the Renault merger plan, Fiat Chrysler CEO Mike Manley left the door open for talks with would-be partners. But he said the Italian-American automaker could go it alone despite mounting costs to develop electric vehicles and comply with tougher emissions rules in Europe, the United States and China.

Along with Jeep and Ram would come Fiat’s Italian operations, which have struggled in recent years. Fiat’s Mirafiori assembly complex in its home city of Turin has run below 50% capacity, with thousands of workers on temporary layoffs.

Overall, Fiat has 58,000 workers in Italy, where the government has long resisted mass lay-offs by large employers.

Peugeot’s Tavares dismissed the idea of a combination with Fiat Chrysler during a discussion with reporters at the Frankfurt auto show last month. “We don’t need it,” he said when asked whether he was still interested in a deal with Fiat Chrysler.

Tavares has moved aggressively to expand Peugeot, acquiring German auto brand Opel from General Motors Co for $2.6 billion in 2017. Since then, he has overseen a turnaround at Opel.

Fiat Chrysler already has a commercial vehicle partnership with Peugeot.

(Reporting by Dominic Roshan K.L. in Bengaluru; Editing by Maju Samuel, Richard Chang and Dan Grebler)

Airbus and Air Austral Sign Purchase Agreement for 3 A220’s

October 14, 2019 / WIL BALDWIN

Air Austral, France’s Réunion Island-based airline, has signed a firm order for three A220 aircraft, Airbus’ newest family member. With this order Air Austral becomes the first A220 customer based in the Indian Ocean region. Benefitting from a 20% reduction in fuel burn and CO2 emissions, the A220s will enable Air Austral to reduce its costs and carbon footprint on international routes in the region.

“Air Austral has chosen the A220-300 as part of the renewal of its Medium and Short Haul fleet. These new-generation aircraft will join the airline from the end of 2020 with the aim of harmonising part of its fleet and strengthening its operations,” said Marie-Joseph Malé, Chief Executive Officer of Air Austral. The economic and operational performance of the A220 opens new possibilities for the development of our regional network from our main base – Réunion Island – in an efficient and rational way. The 132-seat capacity module, which is more flexible, will allow us to increase our frequencies while offering more comfort to our customers and crews,” he added.

“With its unrivalled performance and operational flexibility, the A220 is the perfect aircraft for Air Austral to reinforce routes between Réunion Island and its neighbours in the Indian Ocean, as well as connecting the island further afield,” said Christopher Buckley, Executive Vice-President Commercial – Airbus. “Airlines from all around the world are acknowledging the A220’s economics and it is a great honour that Air Austral will be the first A220 operator in the region.”

The design of the new clean sheet single-aisle aircraft allows for more seats, offering extra revenue potential to airlines, especially to those located in remote areas, and extra usable cargo volume capacity.

The A220 is the only aircraft purpose-built for the 100-150 seat market; it delivers unbeatable fuel efficiency and widebody passenger comfort in a single-aisle aircraft. The A220 brings together state-of-the-art aerodynamics, advanced materials and Pratt & Whitney’s latest-generation PW1500G geared turbofan engines to offer at least a 20% lower fuel burn per seat compared to previous generation aircraft, along with significantly lower emissions and a reduced noise footprint. The A220 offers the performance of larger single-aisle aircraft.

Boeing Delivers First 787-10 for Saudi Arabian Airlines

September 30, 2019 / WIL BALDWIN

NORTH CHARLESTON, SOUTH CAROLINA, Sept 30, 2019 – Boeing [NYSE:BA] delivered to Saudi Arabian Airlines (SAUDIA) its first 787-10 Dreamliner, which will play a key role in the airline’s fleet and network expansion. The largest member of the Dreamliner family sets the benchmark for fuel efficiency and operating economics and will complement SAUDIA’s fleet of 787-9.

“SAUDIA operates a state-of-the-art fleet equipped with the latest technology, and in addition to the airline’s existing Boeing 787-9 Dreamliners, is now adding the 787-10 variant which will further support future network growth plans,” said His Excellency Eng. Saleh bin Nasser Al-Jasser, Director General, SAUDIA. “The airplane’s onboard cabin features, long range capability and the latest in technological advancements are among the many aspects of what makes the Boeing 787 highly popular with our guests.”

In addition to the 787-10, SAUDIA operates 13 787-9 Dreamliner airplanes, and 33 777-300ER (Extended Range) jets.

“SAUDIA has been a valued partner with Boeing for nearly 75 years and this delivery marks another major milestone in our partnership. Our team takes great pride in building and delivering quality aircraft to SAUDIA and we are honored by the continuing confidence in the 787 Dreamliner and 777 families,” said Ihssane Mounir, senior vice president of Commercial Sales and Marketing, The Boeing Company. “The addition of the 787-10 to SAUDIA’s fleet will continue the superior inflight experience that passengers have come to expect of the Dreamliner. Moreover, the unmatched fuel efficiency of the 787 will help SAUDIA open new routes and achieve significant fuel savings and emission reduction.”

With the delivery to SAUDIA, the 787-10 continues to expand its global presence. More than 30 of this Dreamliner model have been delivered to seven operators since the airplane entered commercial service last year. As a stretch of the 787-9, the 787-10 adds about 40 more seats in a 2-class configuration and cargo capacity, offering 25 percent better fuel per seat and fewer emissions than the airplanes it replaces. With a range 6,345 nautical miles (11,750 kms), the 787-10 can fly more than 95 percent of the world’s twin-aisle routes.

Since entering service in 2011, the 787 family has enabled the opening of more than 235 new point-to-point routes and saved more than 40 billion pounds of fuel. Designed with the passenger in mind, the 787 family delivers an unparalleled experience with the largest windows of any commercial jet, large overhead bins with room for everyone’s bag, comfortable cabin air that is cleaner and more humid, and includes soothing LED lighting.

To optimize the performance of its 787 fleet, SAUDIA uses Boeing Global Services digital solutions powered by Boeing AnalytX such as Airplane Health Management (AHM), Maintenance Performance Toolbox and Crew Rostering and Pairing to optimize performance, manage global crew schedules and maintain their fleet. Boeing AnalytX is a suite of software and consulting services that transform raw data into efficiency, resource and cost savings in every phase of flight.

Boeing [NYSE:BA] delivered to Saudi Arabian Airlines (SAUDIA) its first 787-10 Dreamliner, which will play a key role in the airline’s fleet and network expansion.

Boeing 702X Satellite Offers Unique Multi-Mission Flexibility

September 10, 2019 / WIL BALDWIN

Matured design enables delivery to customers in less than three years
Boeing software reallocates bandwidth to meet real-time changes in demand

PARIS Sept. 9, 2019 — Boeing [BA] unveiled its 702X family of software-defined satellites, highlighting a 1,900kg variant for geosynchronous orbit. The 702X technology enables operators to adapt to changing market conditions by dynamically allocating bandwidth.

The 702X builds on Boeing’s existing success with the 702 series satellites. The 702X platform incorporates a mature design, with a medium Earth orbit version already in production. Advanced manufacturing processes dramatically reduce cost and schedule risk while allowing the 702X to be delivered to customers within three years.

The 702X satellites will allow operators to distribute capacity to a variety of end users, connecting businesses, ships, airplanes, autonomous vehicles and broadband internet users around the world. “Satellites are, and will continue to be, an integral part of our data-driven society,” said Eric Jensen, vice president of Global Sales and Marketing, Boeing Commercial Satellites. “The 702X gives our customers the tools necessary to evolve with the market.”

The 702X is available to customers today. Boeing estimates the first 702X geosynchronous variant will be operational as soon as 2022.

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