Tag: Deep

Northrop Grumman Solid Rocket Boosters aid first ULA Vulcan Rocket launch

January 8, 2024 / WIL BALDWIN

Magna, Utah, January 8, 2024 – Two of Northrop Grumman Corporation’s (NYSE: NOC) extended length, 63-inch-diameter Graphite Epoxy Motors (GEM 63XL) solid rocket boosters helped power the inaugural flight of United Launch Alliance’s (ULA) Vulcan Rocket and the first certification (Cert-1) mission.

The GEM 63XL boosters are the longest monolithic, single-cast solid rocket boosters ever manufactured and flown.
The launch represents the first flight of the GEM 63XL solid rocket boosters.
The boosters delivered more than 900,000 pounds of thrust, nearly two-thirds of the vehicle’s total thrust at lift-off.

The Cert-1 mission carried two payloads, one that will deliver science and technology to the lunar surface, including Astrobotic’s first Peregrine Lunar Lander, Peregrine Mission One, as part of NASA’s Commercial Lunar Payload Services program and the second was Celestis’ Memorial Spaceflights deep-space Voyager mission.

Northrop Grumman began development of the fifth-generation GEM 63XL strap-on boosters in 2015, under a cooperative agreement with ULA to provide additional lift capability for the Vulcan launch vehicle. The motor was qualified for flight in 2020 via static test firing at the company’s Promontory, Utah, test facilities. In June 2022, ULA awarded Northrop Grumman a multi-year contract worth more than $2 billon for increased production of its GEM boosters, which will support Amazon’s Project Kuiper and additional ULA customers.

Northrop Grumman has supplied rocket propulsion to ULA and its heritage companies for various launch vehicles since 1964. The GEM 63XL is an extended length variation of the GEM 63 boosters, which have supported eight Atlas V launches with 27 boosters to date.

The company’s Commerce, Calif., facility also manufactured the Vulcan launch vehicle’s hydrazine diaphragm propellant tank, which feeds the Centaur upper stage Reaction Control System to provide guidance and control during the later stages of launch. This tank is a more powerful successor to the ones previously supplied by Northrop Grumman for the Atlas V and Delta IV programs.

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.

Southwest Airlines Announces Winter Sale Fares as Low as $49 One-Way

December 8, 2020 / WIL BALDWIN

Southwest Airlines (NYSE: LUV) launched a fare sale today through Dec. 10, 2020, 11:59 p.m., Central Time. Customers can coast their way to a winter getaway for continental U.S. travel Dec. 29, 2020, through April 11, 2021.

Fly to Chicago (Midway) or Chicago (O’Hare)—beginning Feb. 14, 2021—and grab some deep-dish pizza in the Windy City, or simply feel the warmth of the sun by heading to one of our warmer destinations in Florida or Hawaii. Take time this Valentine’s Day to enjoy our low fares, legendary Hospitality, and friendly policies and book now at Southwest.com.

Seats, days, and markets are limited. Blackout dates and 21-day advance purchase requirements apply. See a full list of fares, fare rules, and terms and conditions below and at Southwest.com. Examples of one-way low fares include:

– As low as $49 one-way nonstop between Baltimore/Washington and Pittsburgh

– As low as $79 one-way nonstop between Charleston and Fort Lauderdale

– As low as $89 one-way nonstop between Nashville and Chicago (O’Hare)

– As low as $99 one-way nonstop between Memphis and Chicago (Midway)

– As low as $99 one-way nonstop between Oakland/San Jose and Honolulu (Oahu)

– As low as $128 one-way nonstop between San Diego and Honolulu (Oahu)

Norwegian Air Shareholders Vote in Favor of Rescue Plan

May 4, 2020 / WIL BALDWIN

OSLO (Reuters) – Norwegian Air <NAS.OL> shareholders backed its financial survival plan on Monday, with more than 95% of votes cast supporting the conversion of nearly $1 billion of debt into equity and raising more cash from its owners.

Approval of the scheme is a vital part of the struggling airline’s plan to tap government credit guarantees as it seeks to overcome the coronavirus crisis, which has compounded its already deep financial problems.

Airlines around the world have been hit hard by the impact on travel of the pandemic, with many forced to turn to governments for state aid to avoid bankruptcy.

The airline, which at the end of last year had amassed debts of around $8 billion, said ahead of the meeting that it had won “strong support” from aircraft lessors for its plan.

With 95% of its fleet grounded due to the coronavirus pandemic, Norwegian Air has said it could run out of cash by mid-May unless shareholders supported the plan.

On Sunday it said bondholders had signed up to the plan, which was narrowly rejected in a vote on Thursday.

Norwegian Air said lessors are now willing to convert at least $730 million of debt into equity, up from $550 million earlier, and talks are ongoing for possible further conversion.

“With the significant contributions from lessors and bondholders, the company expects to convert more than 10 billion crowns ($958 million) in debt to equity,” it said.

Based on the results from the shareholders’ meeting, the company will now proceed with the conversion of bonds and lease debt to shares, as well as the public offering of up to 400 million ($38.4 million) from the sale of new stock, it said.

The debt conversion and share sale will allow Norwegian Air to tap government guarantees of up to 2.7 billion crowns, which hinge on a reduction in leverage, on top of 300 million crowns it has already received.

The plan will hand majority ownership to the airline’s creditors and could leave current shareholders with just 5.2%.

The loan could keep Norwegian Air going until the end of 2020, although further cash may be needed as it eyes a gradual ramp-up next year and normalisation in 2022, albeit with a reduced fleet.

Norwegian Air is only paying invoices vital to maintaining minimum operations, such as salaries for staff still employed and critical IT infrastructure. It has put payments for ground handling, debt and leases on hold.

The Oslo Bourse said it had halted trade in Norwegian Air’s shares until the outcome of the vote is presented.

(Reporting by Terje Solsvik; Editing by Christian Schmollinger, Jason Neely and Alexander Smith)

FILE PHOTO: A Norwegian Air plane is refuelled at Oslo Gardermoen airport

Optimal Start To Operations For Manta Air

April 18, 2019 / WIL BALDWIN

Toulouse, 18 April, 2019 – Manta Air, the new domestic carrier of the Republic of Maldives, has signed a Global Maintenance Agreement (GMA) with ATR, the world leader in the regional aviation market. This five-year contract covers the Maldivian airline’s full fleet for the repair and overhaul of easily replaceable components (Line Replaceable Units), propeller maintenance and an on-site leased stock of spare parts.

This long-term agreement also includes on-site technical support, through which a dedicated Customer Support representative assists Manta Air in their daily operations. The airline is benefitting from tailored recommendations to make an optimal start to operations, based on its very specific needs, and ATR’s expertise to enhance aircraft reliability.

“Manta Air’s aim is to raise the standards of the domestic aviation industry by providing the best flying experience for our passengers, and increased connectivity in the Maldives. As a tailor-made maintenance package, the ATR GMA responds specifically to our needs, and ATR’s expertise will ensure our brand new ATR 72-600s fly as much as possible. Our passengers depend on a reliable service and ATR’s GMA is a valuable tool to help us deliver this.” declared Edward Alsford, Chief Operation Officer of Manta Air.

Tom Anderson, Senior Vice-President Programs and Customer Services of ATR added: “Through this partnership, Manta Air’s is benefitting from our support and expertise from the very first stages of operations, enabling them to get the most value possible from their latest generation ATR aircraft. In an increasingly competitive market, initial parts provisioning, anticipation of spares requirements, parts reliability, repair management, maintenance costs optimisation and stock management are some of our operators’ crucial challenges.”

The first two ATR 72-600s of Manta Air, secured through Nordic Aviation Capital, have been delivered in late 2018, and a third aircraft has been delivered in early March 2019. With their dual-class configuration of 64 seats, Manta Air’s ATR 72-600s will help improve connectivity for the hospitality industry in the beautiful Maldivian atolls. They will be mainly operated on short sectors where ATR aircraft have already proven their operational and economic efficiency.

About Manta Air:
Manta Air was founded in 2016 and is a joint venture between Deep Blue Private Limited, a local company with multiple investments in the tourism sector and Mr. Umar Mohamed Maniku. The company was created to cater for the need for more air domestic transport options and to support the rapid development of domestic airports and the fast-paced expansion of resorts and guesthouses across the country.

About ATR:

European turboprop manufacturer ATR is the world leader in the regional aviation market. ATR designs, manufactures and delivers aircraft, with its fleet encompassing some 200 airlines in nearly 100 countries. The ATR 42 and the ATR 72 are the best-selling aircraft in the below 90-seat category. With continuous improvement as a driving force, ATR produces cutting edge, comfortable and versatile turboprops that help airlines expand their horizons by creating more than 100 new routes every year. Compared with other turboprops, ATRs offer an advantage of 40% on fuel burn, 20% on trip cost and 10% on seat cost, whilst offering the lowest noise emissions. ATR is an equal partnership between leading aerospace firms Airbus and Leonardo and benefits from a large global customer support network allowing it to deliver innovative services and solutions to its clients and operators all over the world. For more information, please visit http://www.atr-aircraft.com. Follow us on Twitter – #ATRLeads

Northrop Grumman Solid Rocket Boosters aid first ULA Vulcan Rocket launch

Southwest Airlines Announces Winter Sale Fares as Low as $49 One-Way

Norwegian Air Shareholders Vote in Favor of Rescue Plan

Optimal Start To Operations For Manta Air

About ATR:

Archives