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Skunk Works® Rolls Out X-59, NASA’s Newest X-Plane

Palmdale, California, January 12, 2024, PRNewswire – Lockheed Martin Skunk Works® (NYSE: LMT) rolled out the X-59, a unique experimental aircraft designed to quiet the sonic boom, at a ceremony in Palmdale, California. The ceremony marked a significant milestone in Lockheed Martin’s and NASA’s decades-long journey to solve one of the most persistent challenges of supersonic flight, the sonic boom.

Rollout ceremonies are a long-standing aviation tradition, and in the case of the X-59, it celebrated technical advancements, collaboration and innovation that stemmed from years of research, development and production of a one-of-a-kind technology demonstrator aircraft that will reduce the loudness of sonic booms to a gentle thump.

Next, the aircraft will complete ground tests including engine-run and taxi tests before its next major milestone, first flight, later this year. After the aircraft is validated in initial flight tests, it will move into the acoustic testing phase. This phase will include flights over populated areas to provide U.S. and international regulators with statistically valid data required to help approve new rules that could allow quiet commercial supersonic flight over land. This would cut commercial flight times to half of what they are today, transforming travel for people around the world.

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.

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Boeing KC-46A Tanker for Japan Completes First Refueling Flight

EVERETT, Washington, August 16, 2021 – The first Boeing [NYSE: BA] KC-46A tanker built for the Japan Air Self-Defense Force (JASDF) recently refueled another KC-46A aircraft in the skies over Washington state. The Japan-bound tanker also successfully received fuel in return.

Japan is the KC-46 program’s first non-U.S. customer and is scheduled to receive its first aircraft this year.

The Japan KC-46A is capable of refueling U.S. Air Force, U.S. Navy, U.S. Marine Corps and JASDF aircraft.

The U.S. Air Force awarded Boeing a contract for the JASDF’s first KC-46A tanker in December 2017. The agreement was completed through the Foreign Military Sale process between the U.S. government and Japan. A second Japan tanker is already in production.

Boeing is assembling the KC-46A aircraft for both the U.S. Air Force and Japan on its 767 production line in Everett, Washington. Boeing’s Japanese partners produce 16% of the KC-46A airframe structure.

United Signs Agreement to Buy Aircraft from Boom Supersonic

PRNewswire/ — United Airlines (NASDAQ: UAL) today announced a commercial agreement with Denver-based aerospace company Boom Supersonic to add aircraft to its global fleet as well as a cooperative sustainability initiative – a move that facilitates a leap forward in returning supersonic speeds to aviation.

Under the terms of the agreement, United will purchase 15 of Boom’s ‘Overture’ airliners, once Overture meets United’s demanding safety, operating and sustainability requirements, with an option for an additional 35 aircraft. The companies will work together on meeting those requirements before delivery. Once operational, Overture is expected to be the first large commercial aircraft to be net-zero carbon from day one, optimized to run on 100% sustainable aviation fuel (SAF). It is slated to roll out in 2025, fly in 2026 and expected to carry passengers by 2029. United and Boom will also work together to accelerate production of greater supplies of SAF.

Capable of flying at speeds of Mach 1.7 – twice the speed of today’s fastest airliners – Overture can connect more than 500 destinations in nearly half the time. Among the many future potential routes for United are Newark to London in just three and a half hours, Newark to Frankfurt in four hours and San Francisco to Tokyo in just six hours. Overture will also be designed with features such as in-seat entertainment screens, ample personal space, and contactless technology. Working with Boom is another component of United’s strategy to invest in innovative technologies that will build a more sustainable future of air travel.

AirAsia Group Welcomes Dr. Stanley Choi as Substantial Shareholder

AirAsia Group Berhad (Kuala Lumpur: 5099.KL) is pleased to announce that Dr. Stanley Choi Chiu Fai has joined the Group as a substantial shareholder via his wholly-owned entity Positive Boom Ltd. on 18 February 2021. He acquired 167.1 million AirAsia shares in the first tranche of the private placement, raising his shareholding in the group to 332.5 million shares equating to a 8.96% stake.

Dr. Stanley Choi is the Chairman of Head & Shoulders Financial Group, as well as the Chairman and Executive Director of International Entertainment Corporation (IEC), a company listed on the main board of Hong Kong Stock Exchange (1009.HK). He is also the only co-founding member from Hong Kong for YunFeng Capital – a private equity fund started in 2010 by a group of successful entrepreneurs and influential industry leaders, named after its co-founder Jack Ma Yun, founder of Alibaba Group, and David Yu Feng, founder of Target Media.

His previous directorships include his appointment as Executive Director of Target Insurance (Holdings) Limited (stock code: 6161.HK) from 2014 to 2019, Director of ZhongAn Online P&C Insurance Co. Limited (stock code: 6060.HK) from 2013 to 2016 and Executive Director of Media Asia Group Holdings Limited (stock code: 8075.HK) from 2011 to 2015.

The successful businessman possesses more than 20 years of experience in financial services and merger & acquisition transactions, with a particular focus on private equity investment. He was a seed investor of Kidswant, a Chinese-startup that has now become a leading maternity, baby and children’s product retailer in China with a valuation of over USD3 billion.

Dr Stanley Choi, Chairman of Head & Shoulders Financial Group said: “It is my great pleasure and honour to gain a substantial ownership stake in AirAsia Group – the world’s best low cost airline and one of Asia’s biggest known brands that has successfully pivoted into digital business as well. I believe the worst period in the aviation industry’s history has now passed. I am confident that air travel will bounce back and that under Tan Sri Tony’s and Datuk Kamarudin’s leadership, and with vaccines being rolled out across the region and globally, AirAsia has a very bright future ahead. I look forward to working with everyone at AirAsia.”

Datuk Kamarudin Meranun, Executive Chairman of AirAsia Group said: “We are thrilled to welcome Dr Stanley Choi as a strategic shareholder of AirAsia Group, bringing an impressive track record and solid reputation as a business powerhouse to our Group. We are confident that he will add value to our digital business development in China through his vast experience and network with top digital players in the country.   

Dr Stanley Choi graduated with a Master’s Degree of Science from the University of Illinois at Urbana Champaign, United States in 1996. In 2013, he obtained a Doctoral Degree of Business Administration from the City University of Hong Kong.

Airbus Signs Maintenance Digital Services Contract With Royal Australian Air Force

Airbus (Paris: AIR.PA) has signed a contract to provide a digital services focus for the maintenance of the Air Refueling Boom System (ARBS) on the Royal Australian Air Force (RAAF) KC-30A Multi-Role Tanker Transport (A330 MRTT) fleet.

Based on the Airbus suite of digital services SmartForce, this service is intended to support the operator in reducing maintenance costs and improving fleet availability by optimizing the fault diagnosis and troubleshooting tasks for the ARBS of the tanker aircraft, based on data analytics applications.

The Central Data System plays a key role, allowing operators to draw on the flight data recorded by the Mission Recording System and provides information outputs about issues registered during the flight and recommended maintenance actions to fix them.

Within the KC-30A Enterprise, the Central Data System is a joint development built upon a successful long-standing collaboration among Airbus, the Commonwealth of Australia (CoA) and the Australian KC-30A Through Life Support (TLS) provider Northrop Grumman Australia, in sharing data and defining the architecture of the system.

Future proposed development of the capability will allow customers which apply this technology to their fleet to be able to extend the ARBS analytics to entire aircraft level diagnostics.

SmartForce is a suite of services enabling military operators to exploit aircraft data to improve troubleshooting, optimize maintenance effort, predict maintenance actions and plan smartly for material demand and improving the fleet availability. SmartForce capitalizes on the new power of big data analytics coupled to secured connectivity to maximize mission readiness.

Collins Aerospace and Boom Supersonic Announce Collaboration

New agreement to focus on enhancing performance and unprecedented sustainability for world’s fastest commercial aircraft

Collins Aerospace Systems, a unit of Raytheon Technologies (RTX), has signed a collaboration agreement with Boom Supersonic, the aerospace company building the world’s fastest airliner, to advance nacelle technology on Boom’s forthcoming flagship supersonic airliner, Overture. Overture will be the world’s fastest airliner and is designed and committed to industry-leading standards of speed, safety, and sustainability.

Collins Aerospace engineers will work in concert with Boom to develop inlet, nacelle and exhaust system technologies that enable fuel-burn reduction and cutting-edge acoustics for cleaner and quieter supersonic flight. They will do this via lightweight aerostructures and variable nacelle geometry. Collins Aerospace has been providing innovative nacelle technology for more than 70 years, including development of the first commercial variable fan nozzle for high-bypass-ratio geared turbofan (GTF) engines. 

“Through improved acoustics and lightweight materials systems, we can provide the next generation of supersonic propulsion systems with the nacelle technologies that not only enable higher performance and lower fuel burn, but also quieter operation,” said Marc Duvall, president, Aerostructures, Collins Aerospace. “Having completed 19 nacelle certification programs over the past decade, we’re uniquely positioned to collaborate with Boom Supersonic to create new propulsion-system solutions that will be key enablers of Overture’s success.”

The combined engineering team will be exploring the development of advanced acoustics and variable inlet and exhaust technologies required to minimize aircraft noise for passengers and airport communities while enhancing performance.

“Boom is taking an all-encompassing approach to sustainability — from our commitment to make Overture 100% carbon neutral to minimizing community noise and emissions, we’re dedicated to making mainstream supersonic travel environmentally and economically sustainable,” said Blake Scholl, Boom founder and CEO. “We are leveraging Collins’ experience in developing more fuel efficient and noise attenuating technologies for nacelles to help us develop Overture as an environmentally responsible supersonic jet.”

Boom’s mission is to make the world dramatically more accessible by making supersonic travel mainstream. Overture is in its design phase with plans to finalize the configuration and begin building the first airliner while XB-1 is flying supersonic. Boom will roll out the first completed Overture aircraft in 2025, with entry into service planned for 2029.

Cargo Airline Cashing in on Junk-Bond Boom

At a little-known cargo airline that handles shipments for United Parcel Service Inc. and Amazon.com Inc., business is booming.

With passenger carriers forced to cut most of their freight capacity during the pandemic, seven-year-old Western Global Airlines LLC has picked up new orders amid a surge in online shopping.

Now, it’s benefiting from another big tailwind: the credit rally sparked by the Federal Reserve’s unprecedented backstop.

The Estero, Florida-based carrier is borrowing hundreds of millions of dollars from the junk-bond market to fund a stock program that will give it a sizable tax break, hand the founders a large payout and potentially keep its workforce union-free.

Click the link below to read the full story!

https://finance.yahoo.com/news/cargo-airline-cashing-junk-bond-231010892.html

Airbus Transforms A330’s into Multi Role Tanker Transports

Having earned its reputation as the new-generation aerial tanker of choice for military services worldwide, Airbus’ A330 Multi Role Tanker Transports (MRTT’s) are now being outfitted for their multi-mission duties in an optimised industrial process – enabling five aircraft to undergo the conversion every year.

The A330 MRTT is based on Airbus’ popular A330 widebody passenger airliner, with the aircraft produced on the company’s commercial airplane final assembly line in Toulouse, France. Once their initial built-up is complete, they are flown to Airbus’ military aircraft facility in Getafe, Spain to be transformed with hardware and systems for their dual roles as an air-to-air refuelling platform and an airlifter for troops and cargo.

Thousands of new parts integrated 

During the conversion, Airbus teams install some 16,000 types of new components and approximately 450 new electrical harnesses (for a total cabling length of more than 50 km.), as well as 6,000 brackets and 1,700 connectors.

With 42 A330 MRTTs delivered to date, Airbus’ has reduced the end-to-end transformation time by one month, introducing increased digitalization and applying the “takt” principle of lean production methodology – in which the aircraft moves through the conversion with zero hours pending and zero work orders open.

The digitalization includes the increasing use of Microsoft HoloLens mixed reality headsets instead of computer tablets. With 80 to 90 work orders now produced with HoloLens, the goal is to apply the system during 2020 for 50% of overall work orders, mainly for electrical and hydraulic installations.

A key element of the conversion is installing the A330 MRTT’s air-to-air refuelling hardware. All aircraft are equipped with hose and drogue units, and most customers have opted for Airbus’ highly capable fly-by-wire Aerial Refuelling Boom System (ARBS) – which provides enhanced controllability during in-flight fuel transfers to receiver airplanes.

The A330 MRTT transformation process includes locating the Airbus-developed Air Refuelling Console in the cockpit area behind the pilots. Containing seats for two crew members, this station enables the aerial refuelling to be remotely controlled, aided by an advanced high-resolution observation system with panoramic 3D-vision for operations day and night.

On the A330 MRTT’s main deck, the aircraft’s widebody cross-section can be configured a variety of roles, from the transportation of troops and personnel with capacities for 268 passengers in a two-class configuration, to aeromedical evacuation – accommodating two intensive care units, 16 stretchers, along with seating for medical staff and passengers.

Customers from around the world 

Airbus delivered its initial A330 MRTT in December 2009, with this no. 1 aircraft received by the Royal Australian Air Force. Today, A330 MRTTs are flown by Australia, France, Singapore, Saudi Arabia, South Korea, the United Emirates and United Kingdom – logging a combined total of more than 200,000 flight hours.

A total of 60 A330 MRTTs have been ordered for operations at the service of 13 nations.

FAA Moves to Support Civil Supersonic Air Industry

WASHINGTON (Reuters) – The U.S. Federal Aviation Administration (FAA) said on Monday it is moving to rewrite testing rules to allow for the eventual return of civil supersonic air travel.

At an event in Paris on Monday, Acting FAA Administrator Dan Elwell said the agency is working to “enable the return of civil supersonic travel, while ensuring the environmental impacts are understood and properly addressed.”

Later this week, the FAA will issue a proposed rule for “special flight authorization for supersonic aircraft,” Elwell said. This is the first step toward revising the FAA’s 45-year-old rules governing supersonic transport.

U.S. startups Aerion, Boom Supersonic and Spike Aerospace are working to reintroduce supersonic passenger travel for the first time since the Anglo-French Concorde retired in 2003.

The rule “modifies and clarifies existing regulatory procedures for a more efficient way to obtain FAA approval to test supersonic aircraft.”

The rule “will provide a streamlined, clear line of sight on how to gain approval to conduct flight testing. This is a necessary, key step for further research and development in an emerging segment – and ultimately bring their aircraft to market,” Elwell added in remarks provided by the FAA.

According to a draft of the FAA proposal reviewed by Reuters, the agency said the proposed updates “are intended to support the growth of the civil supersonic industry” and will “provide increased clarity and information to applications as to the requirements for special flight authorizations to test supersonic aircraft.”

In February, Boeing Co said it had made a significant investment in supersonic business jet developer Aerion, as the world’s biggest planemaker looks to tap into rising demand for high-end aircraft that can reduce travel time.

Boeing will provide engineering, manufacturing and flight testing services for Aerion’s $120 million supersonic business jet, which is slated for its first flight in 2023.

Congress last year approved legislation directing the FAA to issue proposed rules setting noise standards for landing and takeoff, and noise test requirements for civil supersonic aircraft by March 2020, and modernizing the application process by December 2019.

Next generation supersonic jets, while quieter and more fuel efficient than the Concorde, have difficulty meeting existing noise levels and carbon emissions standards for conventional planes due to engine constraints and higher fuel burn.

(Reporting by David Shepardson; Editing by Bill Berkrot)

Boeing Profit Beats; Targets 900 Plane Deliveries in 2019

(Reuters) – Boeing Co topped expectations with both quarterly profit and its forecast for 2019 cash flow on Wednesday, as a boom in air travel underpinned a prediction for full-year deliveries of around 900 commercial airplanes.

The company said it expects to deliver between 895 and 905 commercial aircraft in 2019, up from the 806 units it delivered last year, which kept it ahead of rival Airbus as the world’s biggest planemaker for the seventh straight year.

Boeing’s shares rose 6.4 percent to $388.25 in early trading in response, helping lift the U.S. stock futures.

Investors closely watch the number of planes Boeing turns over to airlines and leasing firms in a year for hints on the company’s cash flow and revenue.

The company forecast operating cash flow between $17 billion (13 billion pounds) and $17.5 billion in 2019, compared with cash flow of $15.32 billion in 2018, and above analysts’ average estimate of $16.73 billion, according to IBES data from Refinitiv.

It expected 2019 core earnings between $19.90 per share and $20.10 per share, and revenue between $109.5 billion and $111.5 billion.

Those numbers indicate that the fuselage and engine delays at suppliers that dominated last year are largely behind Boeing.

Boeing’s core earnings rose to $5.48 per share in the fourth quarter ended Dec. 31, from $5.07 per share a year earlier, and came in above Wall Street’s estimate of $4.57 per share.

Quarterly revenue rose 14.4 percent to $28.34 billion, above analysts’ average expectation of $26.87 billion.

(Reporting by Ankit Ajmera in Bengaluru; Editing by Sriraj Kalluvila)

Image from http://www.boeing.com

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