Tag: area (Page 1 of 4)

Saab receives Gripen order from Hungary

February 23, 2024 / WIL BALDWIN

SAAB AB (Stockholm: SAABb) has today signed a contract with the Swedish Defence Materiel Administration (FMV) and received an order for four additional Gripen C fighter aircraft for Hungary.

This order follows an amendment to the contract between FMV and the Hungarian Government signed in December 2001 regarding 14 Gripen C/D fighters for the Hungarian Air Force. The contract amendment for the four additional aircraft was signed by the Hungarian Ministry of Defence and FMV on 23 February 2024. With this new contract amendment, Hungary will operate a total of 18 Gripen C/D aircraft to protect and defend the Hungarian and NATO airspace.

Saab currently has a contract with FMV regarding support for Hungary’s Gripen aircraft, and Saab is ready to provide additional upgrades and support for the Hungarian fighters beyond 2035.

Saab and the Hungarian Ministry of Defence have also signed an MoU regarding development of high-tech industrial areas and fighter aircraft capabilities. The cooperation includes support for the establishment of a Centre of Excellence for VR technologies in Hungary.

Forward-Looking Statements

This press release may contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including expected delivery dates. Such statements are based on current expectations and projections about our future results, prospects and opportunities and are not guarantees of future performance. Such statements will not be updated unless required by law. Actual results and performance may differ materially from those expressed or forecasted in forward-looking statements due to a number of factors, including those discussed in our filings with the Securities and Exchange Commission.

Alstom signs contract to supply 16 electric locomotives in Romania

January 29, 2024 / WIL BALDWIN

January 29, 2024 – Alstom, global leader in smart and sustainable mobility, and the Romanian Railway Reform Authority (ARF) have signed a contract for the delivery of 16 Traxx 3 MS electric locomotives and 20 years of associated maintenance services. The contract, totalling around €150 million, extends Alstom’s collaboration with ARF within the rolling stock sector. The 20-year maintenance and repair period can be extended by a further 20 years by concluding an additional agreement.

The Traxx locomotives offer a flexible design based on a robust, modular platform approach compatible with many applications (single or multi-country freight and passenger transport) and available in various configurations (AC, DC and multi-system). This product delivers increased operational performance and reliability with higher energy efficiency and extended maintenance intervals to improve its availability.

Alstom has been active in Romania for almost 30 years and is a market leader in railway electrification and signalling solutions. The company is responsible for implementing signalling or electrification solutions on the Rhine-Danube railway corridor as well as in the Cluj area, where the company is also part of the consortium building the second metro system in the country, in the city of Cluj Napoca. The first CBTC urban signalling solution in the country is under implementation by Alstom on Bucharest’s metro Line 5. The company has also been the provider of maintenance services for the Bucharest metro fleet for nearly 20 years, with an ongoing contract valid until 2036.

Lufthansa bringing back A380 to Los Angeles International Airport

October 25, 2023 / WIL BALDWIN

Great news for Deutsche Lufthansa AG (Xetra: LHAG) customers in the Los Angeles area! The popular Airbus A380 will return to Los Angeles International Airport on October 26. With air travel surging in demand, the added capacity that the A380 brings to the LA region will provide the much-needed increased volume that the market requires.

Flight LH453 will depart Los Angeles at 6:30pm and arrive into Munich at 1:40pm, the following day. Flight LH452 will depart Munich at 12pm and arrive back in Los Angeles at 4:15pm. All times are local. The already daily operating flights, now have increased capacity due to the placement of the A380.

Due to the sharp rise in demand for travel and the delayed delivery of ordered aircraft, Lufthansa decided in 2022 to reactivate the Airbus A380, which is particularly popular with passengers and crews. By the end of 2025, a total of eight A380’s will once again be deployed for service to and from Munich.

Maersk launches rail offering from Barcelona, Spain to Southern France

October 8, 2023 / WIL BALDWIN

Barcelona, Spain – AP Moeller-Maersk AS (OTC: AMKBY) is launching a new rail product from the Port of Barcelona to Southern France especially designed to cut transit times of ocean cargo destined to the areas Toulouse, Bordeaux and Lyon by using Barcelona as an alternative gateway. Starting early November there will be three weekly direct block trains between Barcelona and Toulouse as well as one weekly connection between Barcelona and Lyon. Via Toulouse the solution also connects cargo to Bordeaux seamlessly by using a partner network. Furthermore, it is intended to extend the connectivity on the Spanish side by rail to the areas of Tarragona and Zaragoza.

This new offering can shorten transit times for import and export cargo in the areas Toulouse, Bordeaux and Lyon by up to 12 days (7 days on average) compared to traditional routings via French or North European ports. Thanks to shorter transport distances and the utilisation of electrified trains it can also be a more environmentally friendly routing. The block trains can also be booked for intra-continental cargo between Spain and France.

Maersk is operating this new end to end service via its own company APM Spain Railways and cooperates for the trains with the partners Captrain and Naviland.

Thanks to brand new interoperable locomotives, the block trains neither have to stop to change the locomotive or replace wheel-sets at the Spanish-French border for seamless operations and best-in-class reliability.

Repro Free Iarnród Éireann to make transformative investment in signalling to increase the capacity of Cork commuter rail network. Pictured at the announce meant at Kent Station, Cork city were Alstom Ireland Managing Director, Piers Wood; Minister for Finance Michael McGrath TD and Iarnród Éireann Chief Executive Jim Meade. Pic Daragh Mc Sweeney/Provision

Alstom chosen to provide Smartlock Interlocking & ETCS for Cork Area commuter rail

August 23, 2023 / WIL BALDWIN

August 23, 2023 – Alstom (OTC: ALSMY), the global leader in smart and sustainable mobility, has been awarded a groundbreaking contract by Irish Rail (Iarnród Éireann) to revolutionise rail travel and mobility on the Cork Area Commuter Rail (CACR) network. The project, set to enhance the rail service within the Cork metropolitan area, will feature Alstom’s cutting-edge signalling technologies – Smartlock Computer-Based Interlocking (CBI) system and European Train Control System (ETCS).

The CACR project aims to modernise and upgrade 62km of the rail network, stretching from Mallow to Cork, Cobh, and Midleton, creating a seamless, high-frequency unified suburban rail service for the people of Cork.

Alstom’s Smartlock Interlocking System: A Foundation for Safety and Efficiency

At the core of this transformative initiative is Alstom’s Smartlock CBI system. This state-of-the-art technology will serve as the project’s primary foundation, offering a safe, simplified, and maintenance-friendly solution. By directly interfacing with axle counters and trackside objects through SmartIO, the Smartlock system eliminates the need for intermediate relays, ensuring a robust, efficient, and streamlined operation.

ETCS: Ensuring Continuous Train Protection and Efficiency

In addition to Smartlock interlocking, the project will also feature the European Train Control System (ETCS) Level 1 trackside technology. ETCS is a train protection system that guarantees enhanced safety, efficiency, and reliability throughout the Greater Cork area. The implementation of ETCS further strengthens the commitment to safety and ensures a smooth, secure, and eco-friendly rail network.

Data Finds Overwhelming Support for Passenger Rail in America

August 7, 2023 / WIL BALDWIN

WASHINGTON, District of Columbia – Amtrak published survey findings today that demonstrate strong support from American voters for continued passenger rail investments, including infrastructure renewal and service expansion. Conducted by the Mellman Group and commissioned by Amtrak to better understand America’s interest in intercity passenger rail service, findings show consistent support for passenger rail across geographic location, age, race and gender.

Survey highlights include:

92% say it’s important for the United States to invest in passenger rail safety and service improvements;
86% believe in the importance of a strong American passenger rail system;
83% support passenger rail investments identified by Congress in the Infrastructure Investment & Jobs Act (i.e. modern trains, aging tunnel and bridge replacements, new routes, etc.); and
81% want their state to invest in bringing more passenger rail service to their local area.

The 2023 survey was conducted by the Mellman Group and surveyed 1,000 registered U.S. voters. View the executive summary here.

Air Japan to Commence Service with Narita to Bangkok Route Starting February 2024

August 2, 2023 / WIL BALDWIN

Tokyo, Japan, August 2, 2023 – AirJapan, the new airline brand for medium-haul international routes under ANA HOLDINGS INC., will enter service with the launch of the Tokyo Narita-Bangkok route on February 9, 2024. The flights will depart from Narita Airport’s Terminal 1, offering convenient connections to flights operated by ANA Group airlines. Similarly, Suvarnabhumi Airport provides easy access to both connecting flights and the urban area of Bangkok.

“It is our hope that by launching AirJapan, we can showcase the very best of Japan from inside the cabin to enhance their travel journey,” said Hideki Mineguchi, President of AirJapan. “We are excited and eagerly anticipate welcoming passengers onboard to experience the exceptional journey that AirJapan offers.”

AirJapan will cater to the diverse needs of leisure and business travelers by offering a wide range of services and fare options, and aim to support the Japanese government’s target of attracting 60 million foreign visitors to Japan by 2030. Delivered under the concept of “Fly Thoughtful”, we invite you to experience a new style of travel that allows passengers to freely select and customize their services, with ANA Group’s quality of full service carrier (FSC) and convenience of low cost carrier (LCC).

Saab offers four Expeditionary Submarines to the Netherlands

July 28, 2023 / WIL BALDWIN

July 28, 2023 – Supported by Sweden and the United Kingdom, Saab (OTC: SAABF) has today submitted its proposal for the replacement of Netherland’s current submarines. The proposal comprises four advanced Expeditionary Submarines with the latest innovations and technologies and includes a cooperation with Dutch shipbuilder Damen Shipyards Group.

Saab’s offered solution is based on a successful, proven and future-proof design. It will incorporate the latest capabilities and technologies, whilst its truly modular design will allow for new technologies as they evolve to ensure relevance for many years to come.

Saab and Dutch shipbuilder Damen Shipyards Group have cooperated since 2015 and the offer to build submarines to replace the Dutch Walrus-class is a balanced cooperation between the Netherlands and Sweden.

The C718 is an advanced Expeditionary Submarine that offers an unsurpassed level of endurance and exceeds the Royal Netherlands Navy needs for long-distance operations, sufficient accommodation, crew comfort and increased weapon payload capability.

Sweden, through Saab’s business area Kockums, has a long tradition in producing world class submarines. Four nations are currently operating submarines and submarine technology designed by Saab’s business area Kockums; Sweden, Australia, Japan and Singapore.

CSX Corporation Declares Quarterly Dividend

July 13, 2023 / WIL BALDWIN

Jacksonville, Florida – July 12, 2023 – CSX Corporation (NASDAQ: CSX) announced that the Company’s Board of Directors approved a $0.11 per share quarterly dividend on the Company’s common stock. The dividend is payable on September 15, 2023, to shareholders of record at the close of business on August 31, 2023.

About CSX and its Disclosures

CSX, based in Jacksonville, Florida, is a premier transportation company. It provides rail, intermodal and rail-to-truck transload services and solutions to customers across a broad array of markets, including energy, industrial, construction, agricultural, and consumer products. For nearly 200 years, CSX has played a critical role in the nation’s economic expansion and industrial development. Its network connects every major metropolitan area in the eastern United States, where nearly two-thirds of the nation’s population resides. It also links more than 230 short-line railroads and more than 70 ocean, river and lake ports with major population centers and farming towns alike. More information about CSX Corporation and its subsidiaries is available at www.csx.com.

Saab to Upgrade German Tornado Radar Warning Equipment

May 25, 2021 / WIL BALDWIN

Saab has received an order from Panavia Aircraft GmbH to upgrade the radar warning equipment on the Tornado aircraft operated by the German Air Force. The order value is approximately 400 million SEK.

Saab will supply modern digital components, which will enhance the processing power and extend the lifetime of the Tornado’s radar warning equipment. Deliveries will take place between 2021 and 2025. Saab will carry out the work at its sites in Nuremberg, Germany and Järfälla, Sweden.

“Mutual trust, reliability and performance are the cornerstones of the successful long-term partnership between Panavia, the German Armed Forces and Saab. We look forward to supporting the Luftwaffe with the latest technologies contributing to the platform’s survivability and mission success. Essential work will be carried out in Germany, which is in line with Saab’s strategy to expand our footprint on the German defence market”, says Anders Carp, deputy CEO of Saab and head of business area Surveillance.

Saab’s state-of-the-art radar warning equipment provides aircrews with superior situational awareness of the electromagnetic spectrum in challenging environments. Saab received the initial order for radar warning equipment for Germany’s Tornado fighters in 1999.

Alstom’s Smartlock Interlocking System: A Foundation for Safety and Efficiency

ETCS: Ensuring Continuous Train Protection and Efficiency

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