The U.S. Air Force has exercised the option for the Japan Air Self-Defense Force’s (JASDF) third and fourth Boeing [NYSE: BA] KC-46 tanker through the Foreign Military Sale (FMS) process.
“Japan’s new tankers will play an invaluable role in the security alliance between our two countries,” said Col. Jason Lindsey, U.S. Air Force KC-46 System program manager.
Boeing’s KC-46 will be a force multiplier in the U.S.-Japanese defense alliance. It can refuel U.S., allied and coalition military aircraft compatible with international aerial refueling procedures, any time, on any mission, and can carry passengers, cargo and patients whenever and wherever needed.
“This order further enhances our enduring partnership with Japan,” said Will Shaffer, president of Boeing Japan. “The KC-46 will be an unparalleled asset to Japan’s air mobility fleet for decades to come.”
Boeing was awarded the initial FMS contract for Japan’s first KC-46 aircraft and logistics services in December 2017 following the Japan Ministry of Defense’s KC-X aerial refueling competition. A contract for a second KC-46 was awarded to Boeing in December 2018.
Boeing assembles KC-46A aircraft for both the U.S. Air Force and the JASDF on its 767 production line in Everett. Japan’s first KC-46 is scheduled for delivery in 2021.
– Financial results continue to be significantly impacted by COVID-19 and the 737 MAX grounding
– Proactively managing liquidity and transforming for the future
– Revenue of $14.1 billion, GAAP loss per share of ($0.79) and core (non-GAAP)* loss per share of ($1.39)
– Operating cash flow of ($4.8) billion; cash and marketable securities of $27.1 billion
– Total backlog of $393 billion, including more than 4,300 commercial airplanes
Table 1. Summary Financial Results
Third Quarter
Nine Months
(Dollars in Millions, except per share data)
2020
2019
Change
2020
2019
Change
Revenues
$14,139
$19,980
(29)%
$42,854
$58,648
(27)%
GAAP
(Loss)/Earnings From Operations
($401)
$1,259
NM
($4,718)
$229
NM
Operating Margin
(2.8)%
6.3%
NM
(11.0)%
0.4%
NM
Net (Loss)/Earnings
($466)
$1,167
NM
($3,502)
$374
NM
(Loss)/Earnings Per Share
($0.79)
$2.05
NM
($6.10)
$0.66
NM
Operating Cash Flow
($4,819)
($2,424)
NM
($14,401)
($226)
NM
Non-GAAP*
Core Operating (Loss)/Earnings
($754)
$895
NM
($5,773)
($864)
NM
Core Operating Margin
(5.3)%
4.5%
NM
(13.5)%
(1.5)%
NM
Core (Loss)/Earnings Per Share
($1.39)
$1.45
NM
($7.88)
($1.13)
NM
*Non-GAAP measure; complete definitions of Boeing’s non-GAAP measures are on page 5, “Non-GAAP Measures Disclosures.”
The Boeing Company [NYSE: BA] reported third-quarter revenue of $14.1 billion, GAAP loss per share of ($0.79) and core loss per share (non-GAAP)* of ($1.39), reflecting lower commercial deliveries and services volume primarily due to COVID-19 (Table 1). Boeing recorded operating cash flow of ($4.8) billion.
“The global pandemic continued to add pressure to our business this quarter, and we’re aligning to this new reality by closely managing our liquidity and transforming our enterprise to be sharper, more resilient and more sustainable for the long term,” said Boeing President and Chief Executive Officer Dave Calhoun. “Our diverse portfolio, including our government services, defense and space programs, continues to provide some stability for us as we adapt and rebuild for the other side of the pandemic. We remain focused on the health and safety of our employees and their communities. I’m proud of the dedication and commitment our teams have demonstrated as they continued to deliver for our customers in this challenging environment. Despite the near-term headwinds, we remain confident in our long term future and are focused on sustaining critical investments in our business and the meaningful actions we are taking to strengthen our safety culture, improve transparency and rebuild trust.”
Following the lead of global regulators, Boeing made steady progress toward the safe return to service of the 737 MAX, including rigorous certification and validation flights conducted by the U.S. Federal Aviation Administration, Transport Canada and the European Union Aviation Safety Agency. The Joint Operational Evaluation Board, featuring civil aviation authorities from the United States, Canada, Brazil, and the European Union, also conducted its evaluations of updated crew training. The 737 MAX has now completed around 1,400 test and check flights and more than 3,000 flight hours as it progresses through the robust and comprehensive certification process.
To adapt to the market impacts of COVID-19 and position the company for the future, Boeing continued its business transformation across five key areas including its infrastructure footprint, overhead and organizational structure, portfolio and investment mix, supply chain health and operational excellence. As the company resizes its operations to align with market realities, Boeing expects to continue lowering overall staffing levels through natural attrition as well as voluntary and involuntary workforce reductions, and recorded additional severance costs in the third quarter.
Table 2. Cash Flow
Third Quarter
Nine Months
(Millions)
2020
2019
2020
2019
Operating Cash Flow
($4,819)
($2,424)
($14,401)
($226)
Less Additions to Property, Plant & Equipment
($262)
($465)
($1,038)
($1,387)
Free Cash Flow*
($5,081)
($2,889)
($15,439)
($1,613)
*Non-GAAP measure; complete definitions of Boeing’s non-GAAP measures are on page 5, “Non-GAAP Measures Disclosures.”
Operating cash flow was ($4.8) billion in the quarter, reflecting lower commercial deliveries and services volume primarily due to COVID-19, as well as timing of receipts and expenditures (Table 2).
Table 3. Cash, Marketable Securities and Debt Balances
Quarter-End
(Billions)
Q3 20
Q2 20
Cash
$10.6
$20.0
Marketable Securities1
$16.5
$12.4
Total
$27.1
$32.4
Debt Balances:
The Boeing Company, net of intercompany loans to BCC
$59.1
$59.5
Boeing Capital, including intercompany loans
$1.9
$1.9
Total Consolidated Debt
$61.0
$61.4
1Marketable securities consists primarily of time deposits due within one year classified as “short-term investments.”
Cash and investments in marketable securities decreased to $27.1 billion, compared to $32.4 billion at the beginning of the quarter, primarily driven by operating cash outflows (Table 3). Debt was $61.0 billion, down from $61.4 billion at the beginning of the quarter due to the repayment of maturing debt.
Total company backlog at quarter-end was $393 billion.
Segment Results
Commercial Airplanes
Table 4. Commercial Airplanes
Third Quarter
Nine Months
(Dollars in Millions)
2020
2019
Change
2020
2019
Change
Commercial Airplanes Deliveries
28
62
(55)%
98
301
(67)%
Revenues
$3,596
$8,249
(56)%
$11,434
$24,793
(54)%
Loss from Operations
($1,369)
($40)
NM
($6,199)
($3,813)
NM
Operating Margin
(38.1)%
(0.5)%
NM
(54.2)%
(15.4)%
NM
Commercial Airplanes third-quarter revenue decreased to $3.6 billion, reflecting lower delivery volume primarily due to COVID-19 impacts as well as 787 quality issues and associated rework. Third-quarter operating margin decreased to (38.1) percent, primarily driven by lower delivery volume, as well as $590 million of abnormal production costs related to the 737 program.
Commercial Airplanes added the final 777X flight test airplane to the test program and the GE9X engine received FAA certification. In October, the company decided it will consolidate 787 production in South Carolina in mid-2021, which did not have a significant financial impact on the program in the third quarter. Commercial Airplanes delivered 28 airplanes during the quarter, and backlog included over 4,300 airplanes valued at $313 billion.
Defense, Space & Security
Table 5. Defense, Space & Security
Third Quarter
Nine Months
(Dollars in Millions)
2020
2019
Change
2020
2019
Change
Revenues
$6,848
$7,002
(2)%
$19,478
$20,168
(3)%
Earnings from Operations
$628
$754
(17)%
$1,037
$2,581
(60)%
Operating Margin
9.2%
10.8%
(1.6) Pts
5.3%
12.8%
(7.5) Pts
Defense, Space & Security third-quarter revenue decreased to $6.8 billion, primarily due to derivative aircraft award timing, partially offset by higher fighter volume (Table 5). Third-quarter operating margin decreased to 9.2 percent reflecting less favorable performance, including a $67 million KC-46A Tanker charge.
During the quarter, Defense, Space & Security received an award for eight F-15EX advanced fighter aircraft for the U.S. Air Force and a contract extension for the International Space Station for NASA, as well as contracts for nine additional MH-47G Block II Chinook helicopters for the U.S. Army Special Operations and four additional 702X satellites. Also in the quarter, the U.S. Air Force and Boeing team was awarded the Collier Trophy for aerospace excellence for the X-37B autonomous spaceplane. Significant milestones included inducting the 20th U.S. Navy F/A-18 into the Service Life Modification program as well as delivering the firstBell Boeing V-22 Osprey to Japan and the first MH-47G Block II Chinook to the U.S. Army Special Operations.
Backlog at Defense, Space & Security was $62 billion, of which 30 percent represents orders from customers outside the U.S.
Global Services
Table 6. Global Services
Third Quarter
Nine Months
(Dollars in Millions)
2020
2019
Change
2020
2019
Change
Revenues
$3,694
$4,658
(21)%
$11,810
$13,820
(15)%
Earnings from Operations
$271
$673
(60)%
$307
$2,013
(85%)
Operating Margin
7.3%
14.4%
(7.1) Pts
2.6%
14.6%
(12.0) Pts
Global Services third-quarter revenue decreased to $3.7 billion, driven by lower commercial services volume due to COVID-19, partially offset by higher government services volume (Table 6). Third-quarter operating margin decreased to 7.3 percent primarily due to lower commercial services volume and additional severance costs.
During the quarter, Global Services signed an agreement with GECAS for 11 737-800 Boeing Converted Freighters, secured a six-year P-8A support contract for the Royal Australian Air Force, and was awarded F-15EX training and services support contracts by the U.S. Air Force. Global Services also delivered the first P-8A Operational Flight Trainer for the United Kingdom Royal Air Force.
Additional Financial Information
Table 7. Additional Financial Information
Third Quarter
Nine Months
(Dollars in Millions)
2020
2019
2020
2019
Revenues
Boeing Capital
$71
$66
$205
$207
Unallocated items, eliminations and other
($70)
$5
($73)
($340)
Earnings from Operations
Boeing Capital
$30
$29
$47
$86
FAS/CAS service cost adjustment
$353
$364
$1,055
$1,093
Other unallocated items and eliminations
($314)
($521)
($965)
($1,731)
Other income, net
$119
$121
$325
$334
Interest and debt expense
($643)
($203)
($1,458)
($480)
Effective tax rate
49.6%
0.8%
40.1%
(350.6)%
At quarter-end, Boeing Capital’s net portfolio balance was $2.0 billion. The change in revenue and earnings from other unallocated items and eliminations was primarily due to the timing of cost allocations. Earnings from other unallocated items and eliminations was also impacted by lower enterprise research and development expense. Interest and debt expense increased due to higher debt balances. The third quarter effective tax rate reflects tax benefits related to the five year net operating loss carryback provision in the Coronavirus Aid, Relief, and Economic Security (CARES) Act as well as the impact of pre-tax losses.
Non-GAAP Measures Disclosures
We supplement the reporting of our financial information determined under Generally Accepted Accounting Principles in the United States of America (GAAP) with certain non-GAAP financial information. The non-GAAP financial information presented excludes certain significant items that may not be indicative of, or are unrelated to, results from our ongoing business operations. We believe that these non-GAAP measures provide investors with additional insight into the company’s ongoing business performance. These non-GAAP measures should not be considered in isolation or as a substitute for the related GAAP measures, and other companies may define such measures differently. We encourage investors to review our financial statements and publicly-filed reports in their entirety and not to rely on any single financial measure. The following definitions are provided:
Core Operating Earnings, Core Operating Margin and Core Earnings Per Share
Core operating earnings is defined as GAAP earnings from operations excluding the FAS/CAS service cost adjustment. The FAS/CAS service cost adjustment represents the difference between the FAS pension and postretirement service costs calculated under GAAP and costs allocated to the business segments. Core operating margin is defined as core operating earnings expressed as a percentage of revenue. Core earnings per share is defined as GAAP diluted earnings per share excluding the net earnings per share impact of the FAS/CAS service cost adjustment and Non-operating pension and postretirement expenses. Non-operating pension and postretirement expenses represent the components of net periodic benefit costs other than service cost. Pension costs, comprising service and prior service costs computed in accordance with GAAP are allocated to Commercial Airplanes and BGS businesses supporting commercial customers. Pension costs allocated to BDS and BGS businesses supporting government customers are computed in accordance with U.S. Government Cost Accounting Standards (CAS), which employ different actuarial assumptions and accounting conventions than GAAP. CAS costs are allocable to government contracts. Other postretirement benefit costs are allocated to all business segments based on CAS, which is generally based on benefits paid. Management uses core operating earnings, core operating margin and core earnings per share for purposes of evaluating and forecasting underlying business performance. Management believes these core earnings measures provide investors additional insights into operational performance as they exclude non-service pension and post-retirement costs, which primarily represent costs driven by market factors and costs not allocable to government contracts. A reconciliation between the GAAP and non-GAAP measures is provided on pages 12-13.
Free Cash Flow
Free cash flow is GAAP operating cash flow reduced by capital expenditures for property, plant and equipment. Management believes free cash flow provides investors with an important perspective on the cash available for shareholders, debt repayment, and acquisitions after making the capital investments required to support ongoing business operations and long term value creation. Free cash flow does not represent the residual cash flow available for discretionary expenditures as it excludes certain mandatory expenditures such as repayment of maturing debt. Management uses free cash flow as a measure to assess both business performance and overall liquidity. Table 2 provides a reconciliation of free cash flow to GAAP operating cash flow.
Caution Concerning Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “may,” “should,” “expects,” “intends,” “projects,” “plans,” “believes,” “estimates,” “targets,” “anticipates,” and similar expressions generally identify these forward-looking statements. Examples of forward-looking statements include statements relating to our future financial condition and operating results, as well as any other statement that does not directly relate to any historical or current fact. Forward-looking statements are based on expectations and assumptions that we believe to be reasonable when made, but 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 and adversely from these forward-looking statements. Among these factors are risks related to: (1) the COVID-19 pandemic and related government actions, including with respect to our operations, our liquidity, the health of our customers and suppliers, and future demand for our products and services; (2) the 737 MAX, including the timing and conditions of 737 MAX regulatory approvals, lower than planned production rates and/or delivery rates, and increased considerations to customers and suppliers, (3) general conditions in the economy and our industry, including those due to regulatory changes; (4) our reliance on our commercial airline customers; (5) the overall health of our aircraft production system, planned commercial aircraft production rate changes, our commercial development and derivative aircraft programs, and our aircraft being subject to stringent performance and reliability standards; (6) changing budget and appropriation levels and acquisition priorities of the U.S. government; (7) our dependence on U.S. government contracts; (8) our reliance on fixed-price contracts; (9) our reliance on cost-type contracts; (10) uncertainties concerning contracts that include in-orbit incentive payments; (11) our dependence on our subcontractors and suppliers, as well as the availability of raw materials; (12) changes in accounting estimates; (13) changes in the competitive landscape in our markets; (14) our non-U.S. operations, including sales to non-U.S. customers; (15) threats to the security of our or our customers’ information; (16) potential adverse developments in new or pending litigation and/or government investigations; (17) customer and aircraft concentration in our customer financing portfolio; (18) changes in our ability to obtain debt financing on commercially reasonable terms and at competitive rates; (19) realizing the anticipated benefits of mergers, acquisitions, joint ventures/strategic alliances or divestitures; (20) the adequacy of our insurance coverage to cover significant risk exposures; (21) potential business disruptions, including those related to physical security threats, information technology or cyber-attacks, epidemics, sanctions or natural disasters; (22) work stoppages or other labor disruptions; (23) substantial pension and other postretirement benefit obligations; and (24) potential environmental liabilities.
Additional information concerning these and other factors can be found in our filings with the Securities and Exchange Commission, including our most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Any forward-looking statement speaks only as of the date on which it is made, and we assume no obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by law.
– The highest anti-jamming and anti-spoofing PNT technology providing access and trusted data for success of critical missions
Collins Aerospace Systems, a unit of Raytheon Technologies Corp. (NYSE: RTX), has been selected to provide Mounted Assured Positioning, Navigation and Timing System (MAPS Gen II) for manned and unmanned ground vehicles to combat Positioning, Navigation and Timing (PNT) threats.
MAPS II provides a high-assurance, accurate navigation solution across GPS threat environments with industry-leading NavFusion of multiple sensors and is interoperable with the Collins Aerospace PRC-162 manpack radio to ensure mission success in the Joint All Domain Command and Control (JADC2) battlespace.
Its advanced anti-spoofing and anti-jamming technology addresses evolving enemy threats and technologies. The warfighter can navigate through high threat environments with the confidence of knowing where they are, where they need to go, at the precise time with weapons on target.
Leveraging Collins Aerospace’s NavHub™-100 navigation system and Multi-Sensor Antenna System (MSAS-100), this navigation capability distributes Assured Position, Navigation and Timing (APNT) information to all systems onboard the platform through one device. The MAPS Gen II system includes Military Code (M-Code) capability and improved levels of reliability through patented Modernized Signal Tracking (MST) that enhances GPS integrity. Additionally, the open architecture, modular, and scalable technology lets the Army add additional sensors and capability with a much lower life-cycle cost, such as alternative Radio Frequency (RF) and Line of Bearing (LOB).
“Building upon our expertise in open architecture and NavFusion, this modular, and scalable system helps the warfighter keep pace with evolving threats and technologies. They can confidently know their location and destination at the precise time with weapons on target,” said Ryan Bunge, vice president and general manager, Communication, Navigation and Guidance Solutions for Collins Aerospace.
– Acquisition Reinforces Lockheed Martin’s Commitment to Delivering Exceptional Systems to the Warfighter
Lockheed Martin [NYSE: LMT] today announced the signing of a definitive agreement to acquire a portion of Integration Innovation Inc. (i3), a software and systems engineering company based in Huntsville, Alabama. The portfolio alignment between i3 and Lockheed Martin provides the opportunity to design and deliver hypersonic-specific technology solutions that benefit the warfighter.
“Our customers require the most forward-thinking, advanced technology that anticipates and addresses their national security requirements. This business combination not only reinforces our commitment to their missions, but also expands our portfolio in a strategic way,” said Eric Scherff, vice president of Hypersonic Strike Programs at Lockheed Martin. “Combining i3’s talent and domain expertise with our shared vision for hypersonic strike will expand how we think about and deliver this critical capability to the warfighter across domains.”
i3’s hypersonic strike and defense business set offers strategic solutions to U.S. Government and commercial customers. Adding i3’s talent and expertise to the Lockheed Martin portfolio will expand capabilities for customers across several mission areas and national security needs, while also allowing for more integrated solutions.
“We’re proud to be a part of the Lockheed Martin family, as they are a technology authority and employ some of the best and brightest in the industry,” said Mike Wicks, CEO at i3. “We have invested much time and energy into developing strategic solutions at i3. And, we’re finding the need to synergize these offerings with Lockheed Martin is more timely than ever and unlocks the value to our joint customers.”
Subject to the satisfaction of customary closing conditions, the transaction is expected to close in approximately 30 days. Upon closing, i3’s Hypersonics portfolio will be managed by the corporation’s Space business area.
The Luxembourg Armed Forces have taken delivery of its Airbus A400M military transport aircraft, which was accepted at the A400M Final Assembly Line in Seville (Spain) and has performed a ferry flight. It will make a first stop in Luxembourg before continuing its journey to the 15th Wing Air Transport in Melsbroek (Belgium), where the joint airlift unit between Belgium and Luxembourg will be based. With this delivery, Luxembourg becomes the seventh A400M operator.
The aircraft, known as MSN104, will be operated by the Luxembourg Armed Forces and Belgium within a binational unit, together with the seven A400M ordered by Belgium, which is due to receive its first aircraft in the coming weeks.
Alberto Gutierrez, Head of Military Aircraft at Airbus Defence and Space, said: “I welcome Luxembourg to the growing A400M user community. With 94 aircraft in service, the A400M is increasingly becoming the air mobility backbone of our customers, both in civil and military environments, as seen in recent COVID-19 crisis missions around the globe.”
The A400M recently achieved additional capabilities such as simultaneous paratrooper dispatch for a maximum of 116 paratroopers using the side doors, automatic low level flight in visual meteorological conditions (the only military transport aircraft with this capability), and aerial delivery and combat off-load that allows a single 16-tonne load to be dropped automatically via parachute extraction. In addition, 25 tonnes can be gravity dropped and the manual combat offload of up to 19 tonnes on pallets (one pass) or 25 tonnes (two passes) on an unpaved runway is possible, which is unprecedented. With regards to helicopter air-to-air refuelling operations, the A400M recently achieved the first successful wet contacts with a H225M helicopter.
Boeing [NYSE: BA] and the U.S. Space Force successfully completed the first major engineering design review for the Wideband Global SATCOM (WGS)-11+ communications satellite. This successful review demonstrates that Boeing is ready to proceed to the final system design phase. Production will begin next year at Boeing’s El Segundo factory, with delivery scheduled for 2024.
WGS-11+ features a modern digital payload that performs at twice the operational capability of its predecessors, increasing the availability of military-grade communications. Leveraging advances in Boeing commercial technologies, it will provide secure communications to connect U.S. and allied forces globally.
The current WGS constellation, consisting of 10 satellites, is the backbone of the U.S. military’s global communications system, providing flexible, high data-rate connectivity. Users include all U.S. military services, the White House Communications Agency, the U.S. State Department and international partners.
“Completing this engineering design review is a key milestone and brings us one step closer to delivering this groundbreaking satellite to the warfighter in record time, significantly improving capacity and coverage to our soldiers, sailors, airmen, Marines and allies,” said Col. John Dukes, chief of the Geosynchronous/Polar Division at Space and Missile Systems Center Production Corps.
“WGS-11+ uses narrower spot beams to deliver a stronger, more reliable connection exactly where it’s needed, which means better performance and greater flexibility than ever before,” said Troy Dawson, vice president of Boeing Government Satellite Systems.
In addition to U.S. military forces, the WGS constellation provides service to international partners including Australia, Canada, Denmark, Luxembourg, New Zealand, the Netherlands, the Czech Republic and Norway.
Queensland is poised to take another bold step in aerospace and advanced manufacturing with an historic opportunity to be the final production home for unmanned defence aircraft – the first military aircraft to be designed, engineered and manufactured in Australia in more than 50 years.
Premier Annastacia Palaszczuk said a visionary new partnership with Boeing Australia means more high-skilled jobs, local supply opportunities and defence industry stimulus as Queensland continues to recover and grow from the COVID downturn.
Our investment in this advanced manufacturing project will provide critical skills for suppliers, academia and Boeing, and culminate in Queensland becoming the primary final assembly facility for the Boeing Airpower Teaming System, conditional on orders.
The first aircraft prototype, called the Loyal Wingman, was unveiled with the Royal Australian Air Force in May this year.
Treasurer Cameron Dick said the Boeing partnership demonstrated the Palaszczuk government’s commitment to advanced manufacturing.
“Manufacturing is a vital part of the Queensland economy, which is why supporting manufacturing is one of the centrepieces of our Unite and Recover Economic Recovery Plan,” the treasurer said.
“Our government’s longstanding commitment to advanced manufacturing is one of the reasons Queensland is already home to Boeing’s largest workforce outside the United States.
“Boeing has 1,700 staff in Queensland and supports 400 Queensland-based suppliers.
Boeing Australia, New Zealand and South Pacific President Brendan Nelson said the partnership with the Queensland government to develop an advanced manufacturing capability was a significant milestone for the company.
“This includes introducing technologies such as advanced robotics; investment in universities, small-to-medium enterprises and start-up companies; as well as creating global export opportunities for Australia’s supply chain.
Airbus Helicopters has delivered the first five-bladed H145 to the Norwegian Air Ambulance Foundation. This new version of its best-selling H145 light twin-engine helicopter brings a new, innovative five-bladed rotor to the multi-mission helicopter, increasing the useful load by 150 kg while delivering new levels of comfort, simplicity, and connectivity. It received certification from the European Union Aviation Safety Agency in June and is now ready to take on a wide variety of missions.
The Norwegian Air Ambulance Foundation, founded by Norwegian doctor Jens Moe in 1978, is the mother company and owner of the Norwegian Air Ambulance. It brought HEMS to Norway by opening a first base near Oslo, using a BO105 helicopter rented from Germany. Today, Norwegian Air Ambulance operates all 13 HEMS bases in Norway and all 4 bases in Denmark using a 100% Helionix-equipped fleet of H135s and H145s. This helicopter is dedicated to support the Foundations important work to improve the HEMS operations.
The new version of Airbus’ best-selling H145 light twin-engine helicopter was unveiled at Heli-Expo 2019 in Atlanta with launch customers announced for all civil and parapublic mission segments.
Certification by the Federal Aviation Administration is under review and expected soon. The certification for the military version of the five-bladed H145 will be granted in 2021. The H145 is developed jointly with Kawasaki Heavy Industries. The first delivery by the Japanese cooperation partner is scheduled for early next year.
Powered by two Safran Arriel 2E engines, the H145 is equipped with full authority digital engine control (FADEC) and the Helionix digital avionics suite. It includes a high performance 4-axis autopilot, increasing safety and reducing pilot workload. Its particularly low acoustic footprint makes the H145 the quietest helicopter in its class.
SpaceX is targeting Thursday, October 1 at 9:17 a.m. EDT for a Falcon 9 launch of 60 Starlink satellites from Launch Complex 39A (LC-39A) at Kennedy Space Center in Florida.
Falcon 9’s first stage previously supported launch of Crew Dragon’s first flight to the International Space Station with NASA astronauts onboard and the ANASIS-II mission. Following stage separation, SpaceX will land Falcon 9’s first stage on the “Of Course I Still Love You” droneship, which will be stationed in the Atlantic Ocean. One of Falcon 9’s fairing halves supported two previous Starlink launches.
The Starlink satellites will deploy approximately 1 hour and 1 minute after liftoff.
During a visit of the Airbus premises in Manching, Europe’s largest military aviation development centre, the Defence Ministers of Germany and France, Annegret Kramp-Karrenbauer and Florence Parly, expressed their nations’ support for key European defence programmes.
Ministers Kramp-Karrenbauer and Parly met with senior company executives led by Airbus Chief Executive Officer (CEO) Guillaume Faury, Airbus Defence and Space CEO Dirk Hoke as well as local policy-makers.
The event marked the first-ever joint visit of a German and French Defence Minister on site, which is home to some 5,600 Airbus employees from 43 nationalities and some 1,000 service-members from the German armed forces.
Both Ministers stressed the importance of fostering key European defence programmes such as the development of an European drone, the so called Euro MALE RPAS unmanned aerial vehicle, and the Future Combat Air System (FCAS).
An European industry consortium under the lead of Airbus, with its partners Dassault Aviation and Leonardo, aims at developing a European drone for France, Germany, Italy and Spain, also often publicly referred to as the “EuroDrone”. This new system is designed to bring unique operational capability to Europe in the field of unmanned aerial surveillance.
The FCAS programme, brought to life by the governments of France and Germany in 2017, will provide the next level of airpower by creating a System of Systems of manned and unmanned platforms with full operational capability planned for 2040. Spain has meanwhile joined the programme, making FCAS a true European endeavour.
On the industrial side, Dassault Aviation and Airbus are leading the FCAS activities together with other key partners. Despite constraints due the COVID19 pandemic, the Joint Concept Study, launched in 2019, and the Demonstrator Phase 1A, launched this year, remain on track.
“The visit of the French and German Defence Ministers to Manching is a clear signal of the importance of a strong and capable defence industry for Europe”, said Guillaume Faury, CEO of Airbus. “Manching is the centre of competence and national champion for all German fixed-wing military platforms and thus of strategic importance for our local customer. Here, we are also shaping the future of military aviation with multinational programmes such as the EuroDrone and FCAS and we are very grateful that we could showcase this today to decision-makers.”
Besides ongoing programmes, the Ministers also received a glimpse of the high-end technical engineering capabilities of Airbus by visiting into the future of flight with the Low Observable UAV Testbed (LOUT), a research project funded by the German Ministry of Defence that had first been publicly revealed in the fall of 2019. Low observability will be one of the key factors in the development of the Future Combat Air System.
Policymakers also praised the high-level visit to one of Bavaria’s top industry sites:
“Manching is a prime example of what Europe can achieve in defence if we join forces. Not only are we proud of the international spirit we see here in Bavaria coming from companies like Airbus where Germans, French, Spanish, British and other nationalities are working hand in hand. Manching is also an example for unique and critically important cooperation models with the Bundeswehr”, said Reinhard Brandl, member of the CSU in the Bundestag’s budget committee. “The future of European defence and the future of high-tech industry sites such as Manching hinges on programmes such as FCAS and the EuroDrone. Therefore, we have to ensure they are endorsed and brought forward in a joint and balanced manner.”
