Tag: Air Force (Page 1 of 3)

Boeing Reports Third-Quarter Results

October 28, 2020 / WIL BALDWIN

– 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

¹ Marketable 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 20^th 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.

Embraer Delivers Six A-29 Super Tucano to Philippine Air Force

October 15, 2020 / WIL BALDWIN

All six Super Tucano aircraft ordered by The Philippine Air Force (PAF) have been officially handed over to the Air Force today. The aircraft will be deployed for close air support, light attack, surveillance, air-to-air interception, counter-insurgency missions, advanced training and are part of PAF’s ongoing modernization plan.

“The Philippine Air Force takes pride in welcoming the six A-29B Super Tucano from Embraer Defense and Security into the blue fold of our skies as part of our fleet. The addition of these close air support aircraft is a great leap in our air power capability as we soar together in our flight to a more capable and credible Air Force for the nation and its people,” Lieutenant General Allen T. Paredes AFP, Commanding General of the Philippine Air Force.

“It is an honour to deliver these six A-29 Super Tucanos to The Philippine Air Force,” said Jackson Schneider, President and CEO of Embraer Defense & Security. “Delivering an aircraft amidst a global pandemic is challenging, but we were committed to go the extra mile every step of the way to have the aircraft in the hands of PAF to fulfil their security missions.”

These aircraft will be operated and maintained by the 15th Strike Wing, the PAF’s end-user. In November 2017, a firm order of six A-29 Super Tucano light attack and advanced training aircraft for the Philippine Air Force (PAF) was made after a comprehensive public bidding process.

The A-29 Super Tucano is a durable, versatile and powerful turboprop aircraft capable of carrying out a wide range of missions, even operating from unimproved runways. To date, the Super Tucano was selected by 15 air forces worldwide.

Boeing Australia Fires Up Engine on First Loyal Wingman Aircraft

September 14, 2020 / WIL BALDWIN

Boeing Australia powered up the commercial turbofan engine on the first Loyal Wingman aircraft in September, as part of ground testing and preparations for first flight.

This milestone comes on the heels of Boeing completing the first unmanned Loyal Wingman aircraft for the Royal Australian Air Force earlier this year, a major step forward for the unmanned vehicle serving as the foundation for the global Boeing Airpower Teaming System, an artificial intelligence-powered teaming aircraft developed for the global defense market.

“This engine run gets us closer toward flying the first aircraft later this year and was successful thanks to the collaboration and dedication of our team,” said Dr. Shane Arnott, program director of the Boeing Airpower Teaming System. “We’ve been able to select a very light, off-the-shelf jet engine for the unmanned system as a result of the advanced manufacturing technologies applied to the aircraft.”

Airbus Corporate Jets Wins First A321LR Order for Two Aircraft

August 19, 2020 / WIL BALDWIN

Airbus Corporate Jets (ACJ) has won the first A321LR order for two aircraft from Lufthansa Technik, highlighting the market appeal and versatility of the A320neo Family. The aircraft will be multi-role capable and can be equipped for various types of missions, such as troop transport, different MedEvac role setups (medical evacuation) and will be operated by the German Air Force (Luftwaffe). Lufthansa Technik has now placed a total order of five Airbus aircraft on behalf of the German Government: three ACJ350-900s and two A321LRs. The A321LRs will be able to fly up to 163 passengers, up to 6 intensive care patients and up to 12 medium care patients, depending on the installed configuration, with a maximum range of 4,200nm/7,800km or 9.5 flight hours.

The A321LR is a member of the A320neo Family with over 7,400 orders by more than 110 customers. It delivers 30 per cent fuel savings and nearly 50 per cent reduction in noise footprint compared to previous generation competitor aircraft. With a range of up to 4,000nm (7,400km), with 206 passengers, the A321LR is the unrivalled long-range route opener, featuring true transatlantic capability and premium wide-body comfort in a single-aisle aircraft cabin.

Featuring the most spacious cabins of any business jet, while being similar in size to competing large-cabin aircraft, the ACJ320neo Family also delivers similar operating costs. The ACJ320neo Family can do this because its lower maintenance and training overheads – part of its airliner heritage – deliver a similar total cost when combined with fuel and navigation and landing charges.

Some 12,000 Airbus aircraft are in service worldwide, supported by a globe-spanning network of spares and training centres, giving corporate jet customers unmatched support in the field. Airbus corporate jet customers also benefit from services tailored to their particular needs, such as the “one call handles all” corporate jet customer care centre (C4you), and customised maintenance programmes.

Combined with the inherent reliability that comes from aircraft designed to fly many times a day, the ACJ320neo Family is both dependable and available when customers need it.

Airbus corporate jets are part of the world’s most modern aircraft family, which delivers, as standard, features which either cost more, or are unavailable, in competitors. These features include the protection and simplicity of fly-by-wire controls, the benefits of Category 3B autoland, and time and cost-saving centralised maintenance on all systems.

Around 200 Airbus corporate jets are in service on every continent, including Antarctica, highlighting their versatility in challenging environments.

A QF-16 takes off from Davis-Monthan Air Force Base, Arizona, June 4, 2020. The QF-16 was regenerated to flying status after being stored at the 309th Aerospace Maintenance and Regeneration Group to Boeing to become a full-scale aerial target. (U.S. Air Force photo by Airman 1st Class Jacob T. Stephens)

Boeing’s Arizona Modification Line Yields First QF-16 Full-Scale Aerial Target

August 2, 2020 / WIL BALDWIN

A team from Boeing [NYSE: BA] and the U.S. Air Force completed the first QF-16 Full-Scale Aerial Target to undergo conversion from a modification line in Arizona. The aircraft was flown last month to Tyndall Air Force Base, Florida, where it will be used autonomously in future weapons training operations.

The 309^th Aerospace Maintenance and Regeneration Group (AMARG) located at Davis-Monthan AFB in Tucson teamed with Boeing under a public-private partnership to create a second modification line to supplement ongoing QF-16 work at Boeing’s Cecil Field site in Jacksonville, Florida.

“The delivery of this first AMARG modified QF-16 aerial target drone is a testimony of the cooperative, synergistic relationship we had hoped for when we created the private-public partnership with Boeing,” said Col. Jennifer Barnard, Commander of the 309^th AMARG. “Though the installation of the drone conversion package is a relatively new venture for us, our hope is to leverage cost efficiencies and proficiencies benefiting both partners.”

Conversion of the F-16 A/C aircraft to the unmanned QF-16 configuration requires modification of the airframe and installation of major components. The QF-16 performs both autonomous maneuvers through autopilot and controlled maneuvers through ground stations.

“The partnership between Boeing and AMARG is crucial to expediting capability to the warfighters,” said Craig DeMeester, Boeing QF-16 program manager. “It’s an example of great teamwork, and completing this first jet is just the beginning as we have more deliveries planned this year and well into next year.”

Boeing began converting retired F-16s into QF-16s in 2015. More than 120 aircraft are on contract to be modified, with over 40 percent delivered to date.

Embraer Delivers Four Commercial and 13 Executive Jets in 2Q20

July 22, 2020 / WIL BALDWIN

Embraer (NYSE: ERJ) delivered a total of 17 jets in the second quarter of 2020, of which four were commercial aircraft and 13 were executive jets (nine light and four large). As of June 30, the firm order backlog totaled USD 15.4 billion. See details below:

In the second quarter of 2020, Embraer delivered fewer commercial and executive jets than in previous years in the second quarter, largely due to the Covid-19 pandemic that is affecting the world.

In the commercial aviation segment, Embraer delivered the 1,600th E-Jet, which was received by Helvetic Airways. In addition to receiving the commemorative aircraft, the Swiss airline also announced an upgrade of its firm order with Embraer, converting four of its E190-E2s in backlog to E195-E2s, the largest aircraft in the EJets-E2 family. Helvetic`s order is now for a total of eight E190-E2s, four E195-E2s, and with purchase rights for a further twelve EJets-E2.

Also, Congo Airways converted its firm order made in December 2019 for two E175 aircraft, with purchase rights for two more, into a firm order for two E190-E2 jets, with purchase rights for a further two aircraft.

In the Defense & Security segment, Embraer delivered the third C-390 Millennium multimission medium airlifter to the Brazilian Air Force (FAB). Similar to the first two units delivered in 2019 and the additional 25 which will be delivered to the FAB, this third unit is prepared to perform aerial refueling missions, with the KC-390 Millennium designation.

In the Executive Jets segment, Embraer announced the first delivery of its new, enhanced Phenom 300E to Texas law firm Dunham & Jones, Attorneys at Law, P.C.

U.S. Air Force Airman 1st Class Jonah Clark, a crew chief with the 801st Special Operations Aircraft Maintenance Squadron, marshals a new model of the CV-22B Osprey Tilitrotor Aircraft at Hurlburt Field, Florida. The new model CV-22 was delivered to the 801st SOAMXS and will continue the 8th Special Operations Squadron’s mission. (U.S. Air Force photo by Senior Airman Joseph P. LeVeille)

Bell Boeing Delivers 400th V-22 Osprey Tiltrotor Aircraft

June 13, 2020 / WIL BALDWIN

The Bell Boeing [NYSE:BA] V-22 team recently delivered its 400^th aircraft, a CV-22 for U.S. Air Force Special Operations Command.

The first production V-22 was delivered on May 24, 1999, and today deliveries occur under the Multi-year Procurement III contract valued at $5 billion. That contract runs through 2024 and includes variants for the Marines, Air Force, and Navy, as well as the first international customer, Japan.

“I want to thank everyone who has made the V-22 successful for their hard work and dedication to the women and men who operate the Osprey,” said Shane Openshaw, vice president of Tiltrotor Programs and deputy director of the Bell Boeing team. “We’re focused on building and supporting these incredible aircraft so our customers can complete their air, land and sea missions worldwide.”

The V-22 takes off, hovers, and lands like a helicopter yet flies long distances like a turboprop aircraft. The CV-22 variant performs special operations missions, including infiltration, extraction, and resupply, that conventional aircraft can’t. The Marine Corps variant, the MV-22B, provides the safe and reliable transportation of personnel, supplies, and equipment for combat assault, assault support, and fleet logistics. The Navy variant, the CMV-22B, is the replacement for the C-2A Greyhound for the carrier onboard delivery mission.

“It’s been over 20 years since the first production V-22 was delivered and we are proud to reach another milestone in our 400th delivery. V-22s continue to be in high demand, protecting our country and our allies around the world through combat operations, international training partnerships and humanitarian missions,” said Marine Corps Col. Matthew Kelly, program manager for the V-22 Joint Program Office (PMA-275). “This platform’s impact can’t be overstated.”

The V-22 has been deployed in a variety of combat, special operations, and humanitarian roles since becoming operational in 2007. Having accumulated more than 500,000 flight hours, the V-22 is safe, survivable, and combat proven. Bell Boeing’s post-delivery support includes maintenance, modifications, supply chain expertise, data analysis and more than 160 field operations employees embedded at customer locations.

New Zealand to Buy Five New Super Hercules Aircraft

June 5, 2020 / WIL BALDWIN

WELLINGTON, June 5 (Reuters) – New Zealand said on Friday that it will purchase five C-130J-30 Super Hercules transport aircraft from Lockheed Martin to replace its existing fleet.

“Along with the new fleet, the $1.521 billion project will deliver a full mission flight simulator and other supporting infrastructure,” Defence Minister Ron Mark said in a statement.

The first of the new Hercules will be delivered in 2024, with the full fleet operating from 2025, he said.

New Zealand will also start work in 2021 on upgrading its air mobility capability, when options will be considered for replacing the two Boeing 757 aircraft operated by the Royal New Zealand Air Force.

(Reporting by Praveen Menon Editing by Shri Navaratnam)

Boeing X-37B Launches in Second Mission for U.S. Space Force

May 18, 2020 / WIL BALDWIN

The Boeing [NYSE: BA]-built X-37B autonomous spaceplane today launched on top of a uniquely configured United Launch Alliance Atlas V rocket.

Boeing is the prime contractor for the X-37B spaceplane and facilitates the integration of all experiments into the vehicle ensuring they receive the correct power, thermal and data services required. Boeing also works to identify future reusable platform experiment opportunities on each mission.

The X-37B’s sixth mission is the first to use a service module with additional payload capability to support a variety of experiments for multiple government partners. The mission will deploy FalconSAT-8, a small satellite developed by the U.S. Air Force Academy and sponsored by the Air Force Research Laboratory, to conduct experiments on orbit. Further, two NASA experiments will study the impact of radiation and other space effects on certain materials and seeds used to grow food. Another experiment by the Naval Research Laboratory will transform solar power into radio frequency microwave energy which could then be transmitted to the ground. In addition, the mission will test reusable space vehicle technologies.

The X-37B first launched in April 2010. Originally designed for missions of 270 days duration, the X-37B has set endurance records during each of its five previous flights. Most recently, X-37B spent 780 days on orbit before returning to Earth in October 2019.

“The X-37B has shifted the paradigm and redefined efficiency in space development, said Jim Chilton, Boeing Space and Launch senior vice president. “The rapid technology advancements enabled by the program will benefit the entire space community and influence the next generation of spacecraft design.”

The X-37B program is a partnership between the Department of the Air Force Rapid Capabilities Office and the United States Space Force. Boeing program management, engineering, test and mission support functions for the Orbital Test Vehicle (OTV) program are conducted at Boeing sites in Southern California and Florida.

Boeing Delivers First CH-47F Chinook to Royal Netherlands Air Force

April 6, 2020 / WIL BALDWIN

Aircraft is first of 20 CH-47F Chinooks to be delivered to RNLAF
Netherlands is one of eight NATO nations to operate the heavy-lift helicopter

Boeing [NYSE: BA] recently delivered the first CH-47F Chinook with an upgraded cockpit to the Royal Netherlands Air Force (RNLAF), continuing a track record of on-time deliveries to customers. The RNLAF will operate a fleet of 20 CH-47F Chinooks, the newest configuration in use by countries around the world.

“The RNLAF made it clear to us that they need the advanced, proven capability of the CH-47F now,” said Andy Builta, vice president of Cargo & Utility Helicopters and H-47 program manager. “I want to thank our phenomenal team for working hard during a difficult situation to safely deliver these aircraft. This is a reminder to all of us of how important Chinooks are to our customers.”

The 20 CH-47F Chinooks will be a fleet equipped with the same state-of-the-art technology as the U.S. Army, including digital automatic flight controls, a fully-integrated Common Avionics Architecture System (CAAS) glass cockpit, and advanced cargo handling capabilities. The common configuration leads to lower overall life cycle costs.

The RNLAF currently flies a mix of F-model Chinooks with the Advanced Cockpit Management System (ACMS) and CH-47D Chinooks.

“It has been a pleasure to work closely together with the U.S. Army and Boeing teams to achieve this milestone,” said Col. Koen van Gogh, Netherlands Defence Materiel Organisation. “The Chinook helicopter is a vital asset for our missions and the in-time delivery certainly supports our operational planning. I salute the Boeing workforce for their continued efforts to make this happen in these troubling times, as well as the U.S. Army officials that helped keep us on track.”

Deliveries to the RNLAF are expected to continue into 2021. Chinooks are currently in service or under contract with 20 international defense forces, including the U.S. Army, U.S. Special Operations Forces and eight NATO member nations.

Boeing is the world’s largest aerospace company and leading provider of commercial airplanes, defense, space and security systems, and global services. As a top U.S. exporter, the company supports commercial and government customers in more than 150 countries. Boeing employs more than 160,000 people worldwide and leverages the talents of a global supplier base. Building on a legacy of aerospace leadership, Boeing continues to lead in technology and innovation, deliver for its customers and invest in its people and future growth.

Archives