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U.S. and Switzerland sign agreement for PAC-3 MSE missiles

Bern, Switzerland, Oct. 31, 2023 – United States and Switzerland officials formalized an agreement for Switzerland to purchase Lockheed Martin’s (NYSE: LMT) Patriot Advanced Capability-3 (PAC-3) Missile Segment Enhancement (MSE) missiles and related support equipment. With this agreement, Switzerland becomes PAC-3’s 15th partner nation.

PAC-3 MSE will bolster Switzerland’s Patriot ground-based air defense system as a part of the Switzerland Air Force’s Air2030 program.

Lockheed Martin and armasuisse also finalized the Offset Agreement supporting the PAC-3 MSE program. This agreement is the catalyst for multiple new projects that will support Switzerland’s  security-relevant technology and industry base (STIB).

The PAC-3 MSE expands the battlespace with a dual-pulse solid rocket motor, providing increased performance in altitude and range. PAC-3 MSE is a high-velocity interceptor that defends against incoming threats, including tactical ballistic missiles, cruise missiles, advanced threats and aircraft. The PAC-3 MSE missile uses Hit-to-Kill technology, intercepting threats through kinetic energy via body-to-body contact.

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.

 

 

 

 

Airbus signs 1.2 billion Euro contracts for support of France’s A330 MRTT fleet

Getafe, Spain – 23 October 2023 – Airbus Group SE (Paris: AIR) Defence and Space has signed two contracts valued at 1.2 billion euros in total with France’s Direction generale de l’armement (DGA) and Direction de la Maintenance Aeronautique (DMAe) for the Capability Enhancement and the In-Service Support of the French A330 MRTT’s (Multi Role Tanker Transport) fleet.

Standard 2 contract: Stepping stone of the Multi Role Tanker Transport of the future

The Standard 2 contract provides for the capability extension of the French MRTTs, focused on connectivity as a key pillar and also self-protection capabilities. With the aim of being connected in all circumstances, including jammed environments and extreme weather conditions, the aircraft will be equipped with the MELISSA satcom station.

These new capabilities will convert the French A330 MRTT into a high bandwidth communication relay node, with command and control capabilities, and will build the stepping stone of the A330 MRTT’s integration into the future air combat cloud within the FCAS.

10 years In-service support

The second contract covers the In-Service Support of the ‘Phénix’ fleet for 10 years, plus two optional years, at the Istres Air Base, southern France, home to the 31st Strategic Air Refuelling and Transport Wing. Airbus, as the prime contractor, together with its preferred partners in France, will be responsible for fleet modernisation, maintenance, logistics and technical support to ensure the aircraft’s operational availability. The local Airbus team in France will be doubled to support these activities.

 

 

 

 

 

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Lockheed Martin to Deliver Sweden World’s Most Advanced Air Defense Missile

Lockheed Martin successfully delivered Sweden’s first Patriot Advanced Capability-3 (PAC-3) Missile Segment Enhancement (MSE) interceptors in April, providing the country with the world’s most advanced air defense missile that uses Hit-to-Kill technology to defend against incoming threats.

U.S. and Swedish officials formalized an agreement for Sweden to purchase PAC-3 MSE interceptors and related support equipment in August 2018.

The PAC-3 MSE’s revolutionary two-pulse solid rocket motor provides increased performance in both altitude and range while employing the same proven Hit-to-Kill technology that the PAC-3 CRI missile uniquely brings to the Patriot system.

Embraer Announces Enhancements to the Praetor 500, 600 Cabins

Embraer today announced a series of breakthrough cabin enhancements for its Praetor 500 midsize and Praetor 600 super-midsize business jets, consolidating the Praetor position as the best cabin environment among all medium jets. In addition to the lowest cabin altitude in the class (5,800 feet) and 100% fresh air capability, Embraer is now making the HEPA filter standard on all Praetor aircraft, announcing the certification of a new electric lavatory pocket door, and approving the use of MicroShield360.

“The Praetors truly lead the way as the most disruptive and technologically advanced aircraft in their respective categories for features such as the best-in-class Environmental Control System and cabin altitude. In the context of the COVID-19 pandemic, the incorporation of new health and safety technologies is paramount, which is why we are proud to deliver even more value to Praetor customers with this series of cabin enhancements,” said Michael Amalfitano, President & CEO, Embraer Executive Jets. “Furthermore, with the certification of the new electric lavatory pocket door, the Praetors combine the cleanest cabin environment and compliance with the most stringent operational requirements, such as Part 135.”

© Helmut Harringer / www.speedlight.at

As new-generation aircraft, the Praetor 500 and Praetor 600 were designed with the latest technologies, including the ability to move 100% fresh air through the cabin. Now standard, the HEPA filter further improves cabin air quality, capturing 99.97% of all particles, such as bacteria, viruses, and fungi. Additionally, Embraer has tested and approved the use of MicroShield360 ― a preventative coating system that, when applied to aircraft interiors, continuously inhibits the growth of microbes on surfaces. A signature feature of the Praetor family, the aircraft enjoy the lowest cabin altitude in their classes. At 45,000 feet, Praetor passengers experience a comfortable 5,800-foot cabin altitude. As a result, passengers feel more rested and refreshed. The combination of these new and existing features equates to cabin health that is unparalleled in the medium cabin segment.

To further enhance the atmosphere of safety and cleanliness in the cabin, Embraer has developed the only electric lavatory pocket door in the midsize and super-midsize categories. Certified by ANAC in early June 2020, and recently validated by EASA and the FAA, the Praetor 500 and Praetor 600 are the only aircraft in the medium cabin segment to have the emergency exit door in the lavatory, while complying with the latest cabin safety requirements. This new optional feature, which allows the passenger the comfort of opening the lavatory door by just pressing a button, is now available for delivery in both new Praetor jets, and is retrofittable on both Praetor and Legacy 450 and 500 models (starting in the fourth quarter of 2020).

The new electric lavatory pocket door allows 100% of the Praetor aircraft to have the emergency exit in the lavatory — even those under FAA Part 135 operations. By moving the emergency exit to the lavatory, the cabin is further enhanced with a recognizably clean, quiet, and functional aesthetic, featuring minimized placards, temperature management, and noise reduction, thanks to the lack of an exit door cutout — plus full seat and table functionality.

Today, the Praetor platform, which is based on the Legacy 450/500, enjoys over 160 aircraft in operation and more than 180,000 flight hours.

Southwest Airlines Schedule Revision and MAX Update

Southwest Airlines continues to await guidance from Boeing and the Federal Aviation Administration (FAA) on the impending 737 MAX software enhancements and training requirements. We are encouraged by the reported progress and proposed path forward for returning the aircraft to service, and we remain confident that, once certified by the FAA, the enhancements will support the safe operation of the MAX.

In April, we revised our flight schedule by removing the MAX through Aug. 5 to offer reliability to our operation and stability for our Customers during the busy summer travel months. With the timing of the MAX’s return-to-service still uncertain, we are again revising our plans to remove the MAX from our schedule through Sept. 2.

By proactively removing the MAX from scheduled service, we can reduce last-minute flight cancellations and unexpected disruptions to our Customers’ travel plans. We will proactively contact all Customers whose itineraries will be impacted by the revision to offer them maximum flexibility and re-accommodate them well in advance of their travel date. The revision will proactively remove roughly 100 daily flights from our schedule out of our total peak-day schedule of more than 4,000 daily flights.

We offer our apologies to our Customers impacted by this change, and we thank them for their continued patience.