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Lockheed Martin delivers 75th APY-9 radar for E-2D Advanced Hawkeye

January 29, 2024 / WIL BALDWIN

Syracuse, New York, January 29, 2024 – Lockheed Martin Corporation (NYSE: LMT), under contract to Northrop Grumman for the U.S. Navy’s E-2D Advanced Hawkeye, has delivered the 75^th APY-9 radar that provides the U.S. Navy with information dominance through revolutionary sensor capability. More Hawkeyes have been built and delivered than any other AEW platform in the world.

The newest Advanced Hawkeye variant is at the forefront of technological capability, due in large part to Lockheed Martin’s APY-9 radar. The Northrop Grumman-built E-2 has come to be known as the U.S. Navy’s “eyes of the fleet” because of its ability to simultaneously watch over air, land and sea. Any time a Navy carrier has aircraft airborne, there is an APY-9 radar at work, guarding the United States and its allies.

On Time and On Task

The U.S. Navy has funded 80 out of 86 aircraft in the current program of record. Japan has purchased 18 E-2D Hawkeyes and France has purchased three. With U.S. and international demand, the APY-9 is expected to be in production into the late 2020’s, and in modernization and sustainment well into the 2040’s.

Click the link below to read the full press release!

Lockheed Martin APY-9 Radar

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.

Air Lease Corporation announces Boeing 737-8 aircraft lease placement with LOT Polish Airlines

November 2, 2023 / WIL BALDWIN

Los Angeles, California, November 1, 2023, Business Wire – Air Lease Corporation (NYSE: AL) announced long-term lease placements for two new Boeing 737-8 aircraft with LOT Polish Airlines. Both aircraft are scheduled to deliver to LOT in mid-2024, and will add to the 11 Boeing 737-8s and one 787-9 Dreamliner aircraft already on lease from ALC.

Forward-Looking Statements

This press release 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.

Australia’s Qantas to secure new airplanes from both Airbus and Boeing

August 23, 2023 / WIL BALDWIN

(Reuters) – Australia’s Qantas Airways (OTC: QABSY) on Thursday announced an order for 24 widebody aircraft, the final piece of the company’s jet fleet renewal program, and said the move is aimed at replacing its current Airbus A330 and Airbus A380 aircraft.

The multi-billion dollar order is split between 12 Airbus (OTC: EADSY) A350’s and 12 Boeing (NYSE: BA) 787’s, which will arrive from fiscal 2027 and into the next decade, Qantas said.

As a part of the deals, …

Click the link below to read the full story!

https://finance.yahoo.com/news/qantas-secures-planes-airbus-boeing-231238987.html

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.

Stadler wins a contract for green battery powered rail transport in Austria

July 22, 2023 / WIL BALDWIN

Austrian Federal Railways (OBB) has awarded Stadler (Swiss: SRAIL) a framework agreement for up to 120 battery- powered trains. The FLIRT Akku vehicles are designed to replace the current diesel fleet and will enable sustainable operation on lines that are only partially electrified. The signing of the framework agreement and the initial order for 16 FLIRT battery is expected to take place in autumn 2023. This contract and the recent successes in the USA, Germany and Italy once again confirm Stadler’s leading position in battery and hydrogen green propulsion technology.

The new trains are FLIRT Akku vehicles – the battery-powered version of Stadler’s best-selling FLIRT model, which has already sold over 2,500 units worldwide. They are intended for use in the eastern region in Austria, where they will replace the current diesel fleet. The FLIRT Akku model allows sustainable rail operation on non-electrified line sections by charging the traction batteries while travelling under an overhead contact line.

Rail transport is the most sustainable mobility solution of all. Shifting passenger and freight transport to rail therefore plays a central role in combating climate change. However, the rail networks in many countries are only partially electrified or not electrified at all – as is the case in Austria. Stadler has consistently expanded its alternative propulsion portfolio in recent years and is currently assisting rail operators worldwide with the decarbonisation of rail transport. Depending on the area of application, Stadler offers its customers tailor-made solutions with battery, hydrogen or even hybrid propulsion.

Delta Air Lines discloses order for 12 additional A220 aircraft

July 13, 2023 / WIL BALDWIN

Herndon, USA/Mirabel, Canada – 13 July 2023 – Under its current agreement, Delta Air Lines (NYSE: DAL) has disclosed an order for 12 additional A220-300 aircraft, bringing the airline’s total firm order for A220’s to 131 aircraft – 45 A220-100’s and 86 A220-300’s. Throughout the years, Delta has reordered the A220 five times and is today the largest A220 customer and operator in the world.

In addition to its positive cabin experience, the aircraft plays an important role in helping decrease airline operating costs and environmental impact. Offering 25% lower fuel burn and CO₂ emissions per seat compared to previous generation aircraft, the A220 is the only aircraft purpose-built for the 100-150 seat market. Combining state-of-the-art aerodynamics, advanced materials and Pratt & Whitney’s latest-generation GTF™ engines, the A220 brings customers a 50% reduced noise footprint and around 50% lower NOx emissions than industry standards.

Delta took delivery of its first Airbus A220 in October 2018, and was the first U.S. carrier to operate the aircraft type. Delta currently operates a fleet of 433 Airbus aircraft, including 61 A220 aircraft, 280 A320 Family aircraft, 64 A330’s and 28 A350-900 aircraft.

Bavaria Orders 8 Five-Bladed Airbus H145 Helicopters for Police Force

December 16, 2021 / WIL BALDWIN

Donauwörth, Germany December 2021 – The Ministry of Interior of Bavaria has ordered eight five-bladed Airbus (OTC: EADSY) H145 helicopter’s for its police force, following a European tender launched earlier this year. The aircraft will replace the state’s current H135 fleet and will be operated by the two bases of the Bavarian helicopters squadron at the airport in Munich and in Roth, close to Nuremberg. The first delivery is planned for 2023.

The new version of Airbus’ best-selling H145 light twin-engine helicopter was unveiled at Heli-Expo 2019 in Atlanta. This latest upgrade adds a new, innovative five-bladed rotor to the multi-mission H145, increasing the useful load of the helicopter by 150 kg. The simplicity of the new bearingless main rotor design will also ease maintenance operations, further improving the benchmark serviceability and reliability of the H145, while improving ride comfort for both passengers and crew.

In total, there are more than 1,500 H145 family helicopters in service, logging a total of more than six million flight hours. 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.

ADAC Luftrettung Takes Delivery of First Two Five Blade Airbus H145 Helicopters

August 17, 2021 / WIL BALDWIN

ADAC Luftrettung, one of Europe’s biggest Helicopter Emergency Medical Services (HEMS) operators, has taken delivery of its first two five-bladed H145s. Furthermore, the German HEMS operator will upgrade its current fleet of 14 four-bladed H145s to the five-bladed rotor system.

ADAC Luftrettung operates more than 50 Airbus helicopters from their 37 stations throughout Germany. In June, an ADAC H145 was the first HEMS helicopter to fly with sustainable aviation fuel.

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.

Today, Airbus has more than 1,470 H145 family helicopters in service around the world, logging a total of more than six million flight hours. For HEMS alone, there are more than 470 helicopters of the H145 family conducting air rescue missions worldwide.

DENSO and Honeywell Ascend Into Urban Air Mobility With Expanded Alliance

May 25, 2021 / WIL BALDWIN

SOUTHFIELD, Mich., and PHOENIX, May 24, 2021 /PRNewswire/ — DENSO, a leading mobility supplier, has signed a long-term agreement with aerospace leader Honeywell (NASDAQ: HON), establishing an alliance focused on electric propulsion units to meet new aerospace needs. Drawing from their automotive and aerospace backgrounds, the companies will develop and manufacture electric propulsion systems for aircraft, initially prioritizing the urban air mobility (UAM) segment with a focus on air taxis and delivery vehicles.

DENSO and Honeywell are in advanced discussions with current and prospective customers and intend to deliver flight test configurations of the electric propulsion systems within the next year. This focus on electrified power sources will not only help the companies fulfill UAM’s promise of providing cleaner, safer, more efficient, quieter and freer-moving transportation in and between cities, but also strengthen each company’s efforts to achieve carbon neutrality by 2035.

The formal alliance follows the companies’ initial teaming agreement in 2019. DENSO’s ability to produce quality components at mass scale paired with Honeywell’s storied aerospace expertise make for an alliance ready to take UAM to new heights. Additionally, the alliance’s electric propulsion systems will integrate seamlessly with Honeywell’s fly-by-wire, avionics and actuation systems, extracting the most thrust and lift from every watt of electricity.

Honeywell is one of the world’s leading makers of electronics, engines and mechanical systems for aircraft. Its systems fly on virtually every airliner in the sky, along with thousands of business jets and light aircraft. DENSO, meanwhile, develops advanced technology and components for nearly every make and model of road vehicle in existence today.

The alliance with Honeywell enhances DENSO’s Second Founding, the company’s strategy to provide value beyond a vehicle-centric focus and produce the core technologies for future mobility. It also bolsters DENSO’s two great causes: “Green” — acting environmentally friendly — and “Peace of Mind” — creating a safer and more seamless world for all. These guide DENSO as it leverages its 30-plus years of electrification know-how to create cleaner, more efficient mobility and will help the company reach its 2035 goal to be carbon neutral. Honeywell has also pledged to be carbon neutral in its facilities and operations by 2035.

The two companies will work together to seek customers who can help transform how the world moves, making transportation safer, more sustainable and efficient.

Cash-Strapped El Al Israel Airlines Raises $148 Million

September 17, 2020 / WIL BALDWIN

TEL AVIV, Sept 16 (Reuters) – Cash-strapped El Al Israel Airlines raised $148 million in a government-mandated share offering on Wednesday that will enable it to receive a state bailout package.

In a regulatory filing in Tel Aviv, Israel’s flag carrier said it sold 753.35 million new shares at 0.671 shekels ($0.1963) each.

Its stock earlier had closed 5.6% higher at 0.774 shekel.

Demand reached 654 million shekels while El Al accepted 505 million shekels ($148 million) worth.

El Al did not give further details of the offering which took the total number of shares outstanding to above 1.2 million.

But Israeli media reported that Eli Rozenberg had obtained a controlling stake via the offering, with 44.9% of the airline’s shares. He is the son of American businessman Kenny Rozenberg, CEO of New York-based nursing home chain Centers Health Care.

Rozenberg in July had offered to funnel $75 million into the airline in return for a 44.99% stake.

An El Al spokesman said he could not immediately confirm the reports about Rozenberg’s bid.

Newspapers said the state’s overall stake would now be as much as 15.5%, while the current controlling shareholder – Knafaim Holdings – would see its stake fall to about 15%.

Israel’s Finance Ministry said it paid $34 million for its shares and that although it pledged a $150 million safety net, it was barely needed.

“The results of the offering express investors’ trust in the company’s business plan and in state aid,” it said in a statement.

El Al has been hit hard by the coronavirus outbreak and the government has for months offered to intervene to help it avoid bankruptcy.

That has included mandating a share offering and steep spending reductions to receive a $250 million loan that will be 75% backed by the government and used partly to pay back customers whose flights were cancelled.

The airline has reported losses for two years running, racked up debt to renew its fleet, and suspended flights when Israel closed its borders and furloughed most of its employees.

($1 = 3.4185 shekels) (Reporting by Rami Ayyub and Steven Scheer; Editing by Andrew Cawthorne)

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