Tag: guidance (Page 1 of 2)

Eve announces list of eVTOL suppliers

January 29, 2024 / WIL BALDWIN

Melbourne, Florida, January 29, 2024 – Eve Air Mobility (NYSE: EVEX) has named four additional suppliers for its electric vertical takeoff and landing (eVTOL) aircraft. Thales will supply a proven air data solution, comprising sensors and a computer while Honeywell (NYSE: HON) will supply guidance, navigation and external lighting for the aircraft. RECARO Aircraft Seating will supply the eVTOL’s seats and FACC will supply the horizontal and vertical tail including the rudder and elevator.

Honeywell will supply guidance and navigation products including magnetometers, GPS-aided attitude & heading reference systems, and inertial reference systems built upon decades of engineering and manufacturing experience. These systems will relay and aid the pilots and other onboard systems to ensure safe and efficient flight. The company will also supply external lighting for the aircraft.

Thales will supply a proven air data solution, comprising sensors and computer, which gather critical data such as airspeed, altitude and environmental conditions. The solution then relays the information to pilots and onboard systems to ensure safe and efficient flight in all weather conditions.

RECARO Aircraft Seating, a global supplier of premium aircraft seats for airlines, OEMs and eVTOL aircraft, was selected to design, certify and produce the four passenger seats and one pilot seat for the aircraft. RECARO is widely recognized for product innovation, award-winning customer service and commitment to reliability, efficiency and sustainable practices.

FACC was selected to lead the development and production of the eVTOL’s horizontal and vertical tail including its rudder, elevator and the aircraft’s aileron. FACC is recognized for its production of lightweight components relying on innovative manufacturing techniques and technology.

These new suppliers are in addition to Garmin (NYSE: GRMN), Liebherr Aerospace and Intergalactic that were announced in October and Nidec Aerospace LLC, a joint venture between Japan’s Nidec Corporation and Brazil’s Embraer SA (B3: EMBR3), BAE Systems PLC (London: BAES) and DUC Hélices Propellers which were announced at the Paris Air Show this past summer.

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.

Boeing and Nammo Ramjet 155 test sets distance record

October 9, 2023 / WIL BALDWIN

Arlington, Virginia, October 9, 2023 – A Boeing (NYSE: BA) and Nammo team set a record for longest indirect fire test of a ramjet-powered artillery projectile alongside officials from the U.S. Army — firing a Ramjet 155 munition from a 58-caliber Extended Range Cannon Artillery (ERCA) at Yuma Proving Ground, Ariz. The test advances development efforts for the Army’s top modernization priority, Long Range Precision Fires.

The success follows last year’s Boeing-Nammo test recording the longest-ever indirect fire test of a Ramjet 155 munition. That test was completed using a 39-caliber towed artillery cannon at the Andøya Test Center in Norway.

The Boeing-Nammo solution is being developed under the Army’s XM1155 program. Considered a powered guided artillery munition, Ramjet 155 utilizes an air-breathing engine design that uses the cannon firing to provide the speed needed for combustion.

In an upcoming test, Boeing and Nammo will integrate a precision guidance system, leveraging a Joint Direct Attack Munition (JDAM) mission computer onto the Ramjet 155. The demonstration will evaluate the system’s maturity and effectiveness against stationary and moving targets, and readiness to transition into the next phase of development.

Air Force Awards Boeing 5-year Contract for Continued Aircraft Guidance and Navigation Repair

February 9, 2022 / WIL BALDWIN

HEATH, Ohio, Feb. 8, 2021 — Boeing (NYSE: BA) will continue to provide the U.S. Air Force with guidance and navigation repair work on a variety of aircraft under a 5-year, $91 million sole-source contract.

The company has serviced components for aircraft including the B-2 Spirit, B-52 Stratofortress, E-3 Sentry and F-15 Eagle at the Boeing Guidance Repair Center in Heath, Ohio, since 1996.

The Boeing Guidance Repair Center is responsible for maintaining the readiness and modernization of guidance and navigation systems for U.S. nuclear-capable platforms, as well as non-nuclear capable guidance and control systems, electronics and radio frequency systems, and platform processors. In addition, the center is home to assembly, integration and test activities for several Boeing production programs, including the KC-46 tanker, T-7A Red Hawk and the MQ-25 unmanned aircraft system.

Embraer Announces Earning Results for Third Quarter 2021

November 5, 2021 / WIL BALDWIN

São Paulo, Brazil, November 5, 2021 – Embraer (NYSE: ERJ) announced the company’s operating and financial information on a consolidated basis in United States dollars (US$) in accordance with IFRS. The financial data presented in this document as of and for the quarters ended September 30, 2021 (3Q21), June 30, 2021 (2Q21) and September 30, 2020 (3Q20), are derived from the unaudited financial statements, except annual financial data and where otherwise stated.

HIGHLIGHTS

• Embraer delivered 9 commercial jets and 21 executive jets (14 light / 7 large) in 3Q21, bringing the year-to-date deliveries to 32 commercial jets and 54 executive jets (36 light /18 large). Following solid sales activity in the period across businesses, total company firm order backlog at the end of 3Q21 was US$ 16.8 billion;

• Revenues in 3Q21 reached US$ 958.1 million, representing year-over-year growth of 26.3% compared to 3Q20, with double digit growth in all segments;

• Excluding special items, adjusted EBIT and EBITDA were US$ 35.7 million and US$ 79.2 million, respectively, yielding adjusted EBIT margin of 3.7% and adjusted EBITDA margin of 8.3%. In the first nine months of 2021, adjusted EBIT margin was 3.8% and adjusted EBITDA margin was 8.9%;

• Adjusted net loss (excluding special items and deferred income tax and social contribution) in 3Q21 was US$ (33.9) million, with adjusted loss per ADS of US$ (0.18);

• Embraer generated free cash flow in 3Q21 of US$ 21.3 million, and in the first nine months of 2021 free cash usage was US$ (160.2) million. The positive free cash flow in 3Q21 represented the first time in more than 10 years the Company generated cash in the usually seasonally weak third quarter. The free cash flow in both periods represented a significant improvement compared to the prior year periods on better profitability and working capital efficiencies, particularly with respect to inventory management;

• The Company finished the quarter with total cash of US$ 2.5 billion and net debt of US$ 1.8 billion;

• Given better-than-expected free cash flow performance over the first nine months of 2021, Embraer is updating its guidance for free cash flow without M&A or divestitures to a range of US$ 100 million or better, from the prior range of US$ (150) million to breakeven. The Company reiterates its other financial and deliveries guidance for 2021 of commercial jet deliveries of 45-50 aircraft, executive jet deliveries of 90-95 aircraft, consolidated revenues in a range of US$ 4.0 to $4.5 billion, adjusted EBIT margin of 3.0% to 4.0%, and adjusted EBITDA margin of 8.5% to 9.5%.

Spirit AeroSystems Reports Third Quarter 2021 Results

November 4, 2021 / WIL BALDWIN

Spirit AeroSystems Reports Third Quarter 2021 Results

Delivered 250 shipsets, compared to 206 in Q3 2020; delivered 47 737 shipsets in Q3 2021 compared to 15 in Q3 2020
Revenue of $980 million in Q3 2021, compared to $806 million in Q3 2020
Cash guidance unchanged: full-year 2021 cash used in operations is expected to be between $(50) to $(150) million; full-year 2021 free cash flow* is expected to be between $(200) and $(300) million
EPS of $(1.09) in Q3 2021 compared to $(1.50) in Q3 2020
Established business divisions to focus on key growth markets: Commercial, Defense & Space, and Aftermarket; Segment reporting change beginning Q4 2021

Spirit-Aerosystems-Q3-2021

Deutsche Post DHL Group Raises Guidance After Record Quarterly Earnings

July 7, 2021 / WIL BALDWIN

Bonn, Germany – Deutsche Post DHL Group (OTC: DPSGY), the world’s leading logistics company, has today released preliminary results for the second quarter of 2021. Simultaneously, the outlook for the current financial year and for 2023 has been raised. Furthermore, a one-time corona bonus¹ for approximately 550,000 employees worldwide has been decided. Preliminary operating profit (EBIT) for the second quarter has improved to record level with around EUR 2,075 million (Q2 2020: EUR 912 million) and has more than doubled compared to previous year. Against the backdrop of the excellent business performance, the Group has raised its EBIT outlook for 2021 to more than EUR 7.0 billion (so far: more than EUR 6.7 billion). The mid-term EBIT outlook for 2023 is now expected to be more than EUR 7.4 billion (so far: more than EUR 7.0 billion).

As an appreciation for their tireless efforts during the pandemic the Group has decided to grant again a corona bonus of EUR 300¹ to employees worldwide. This one-time payment is aimed at approximately 550,000 colleagues in all divisions and countries. Excluded are Executives. The corresponding expenses of around EUR 200 million will be booked in the third quarter 2021 and are already included in the updated earnings outlook for 2021.

All divisions significantly exceeded the previous year’s results. Network capacity utilization was constantly high in the second quarter 2021. B2C shipment volumes remained ahead of last year in all networks, while the recovery in the B2B businesses continued to gain momentum. At the same time the tight capacity situation both in Ocean and Air Freight markets remained unchanged.

Aer Lingus Launches Summer 2021 Schedule with Flexible Options

October 6, 2020 / WIL BALDWIN

– You and your family can travel safely and with flexibility with Aer Lingus

– Free Unlimited changes on all routes and all fare types

– Guaranteed Voucher and Cash Refund option on certain fare types

Aer Lingus today launched its summer 2021 schedule offering a range of fare options so customers can book that long-anticipated summer holiday with confidence. Aer Lingus is ensuring families can look forward to traveling safely and with flexibility in summer 2021, and today it introduced new ways to keep bookings flexible should travel plans change with its ‘Book with Confidence’ proposition. With direct flights to Europe starting at €25.99 and US and Canada at €159, now is the time to start planning summer 2021.

Chief Commercial Officer, Dave Shepherd said: “We are offering customers a range of choices. There are free unlimited changes on all routes and all fare types*. There is the option of a full cash refund** on our Advantage/Flex fares. And from today, our Smart / Plus fares includes a new feature so that customers can avail of a voucher up to 14 days before travel to any destination or within 14 days if a country’s travel guidance changes*** from just €25.99. Aer Lingus is giving our customers the confidence to dream, so you can start to plan next summer’s adventure today with confidence.

“With flights up to August 2021 available for sale, you can start planning a reunion with friends in the Algarve, a sunny beach break with family in Malaga, or a romantic adventure in a European city and have something great to look forward to next year with Aer Lingus. For those looking to travel across the Atlantic in 2021, we have 12 direct North American routes to choose from including New York, Florida, San Francisco, Boston, Chicago, and Toronto, ”

With Aer Lingus, customers can book with the confidence that the airline prioritises the safety and wellbeing of our customers and our people at all times. Earlier this year Aer Lingus introduced a range of safety measures in line with the guidance provided by the European Union Aviation Safety Agency (EASA) and the ECDC (European Centre for Disease Prevention & Control). These measures include the mandatory wearing of face masks at all times by all customers and crew. Social distancing is practiced at check in, boarding gate, boarding and disembarking the aircraft. These measures, along with an enhanced cleaning system and our state-of-the-art air filtration technology as standard on our Airbus aircraft, ensure customers have a safe and comfortable flight.

For more information on the Aer Lingus summer 2021 sale, please visit www.aerlingus.com.

Notes to Editor:

*A fare difference may apply. Unlimited changes can be made on all bookings until 31st May

** Requests for vouchers and refunds can be made up until 14 days pre-departure

***Should a country move to red on the imminent EU Travel Framework

Terms & Conditions

Vouchers are valid for 5 years and can be used on the entire Aer Lingus network.
Change Fee Rules apply and fare difference may apply.
Change or Voucher requests must be made in advance of travel or these options will not apply.

Short Haul Fare Types
	Saver	Plus	Advantage
Free Unlimited Changes*	✅	✅	✅
Guaranteed Voucher**		✅	✅
Cash Refund			✅

North Atlantic Fare Types
	Saver	Smart	Flex	Business	Business Flex
Free Unlimited Changes*	✅	✅	✅	✅	✅
Guaranteed Voucher**		✅	✅	✅	✅
Cash Refund			✅		✅

Embraer awarded ANAC and FAA Certification for Synthetic Vision Guidance System

September 29, 2020 / WIL BALDWIN

Embraer today announced that the Synthetic Vision Guidance System (SVGS) for the midsize Praetor 500 and super-midsize Praetor 600 business jets was awarded certification by both the civil aviation authority of Brazil, Agência Nacional de Aviação Civil (ANAC), and the civil aviation authority of the United States, the Federal Aviation Administration (FAA). Embraer is the first OEM to receive SVGS certification approval.

The SVGS provides pilots with a dynamic perception of position, trend, and motion, facilitating the transition to utilizing visual references and enabling the safe completion of more missions during inclement weather and lower ceiling approaches. The system allows pilots to operate the aircraft to a decision height of 150 feet (SA-CAT I), as opposed to the regular decision height of 200 feet, increasing operational efficiency and allowing access to several airports during inclement weather and lower ceiling approaches. The SVGS can be used with or without the Head-Up Display (HUD) and is now available for new aircraft and fully retrofittable on all Legacy 450, Legacy 500, Praetor 500, and Praetor 600 aircraft at any Embraer Owned or Authorized Service Center.

“At Embraer, we are committed to continuously improving our already industry-leading products to deliver the ultimate experience in business aviation. Just two months after certifying the electric pocket door and making the HEPA filter standard, we are proud to certify another Praetor 500 and Praetor 600 innovation,” said Michael Amalfitano, President & CEO, Embraer Executive Jets. “Thanks to our unparalleled engineering team and world-class partnership with Collins Aerospace, Embraer is proud to offer business aviation’s first Synthetic Vision Guidance System on the Praetor 500 and Praetor 600, further solidifying their position as the most disruptive and technologically advanced midsize business jets in the market.”

Independent of the Embraer Enhanced Vision System (E2VS), the SVGS is an optional addition to the acclaimed Collins Aerospace Pro Line Fusion flight deck on the Praetor 500 and Praetor 600. The SVGS can be installed either with or without E2VS, delivering even greater flexibility and safety options. When installed alone, SVGS allows for enviable situational awareness, without the investment required for E2VS. When installed together, the aircraft’s operational efficiency is further improved, allowing for even better utilization of the Praetor’s unparalleled short runway performance.

Ferrari Extends Italian Plant Closures to April 14

March 27, 2020 / WIL BALDWIN

MILAN (Reuters) – Luxury carmaker Ferrari <RACE> said on Friday it would extend the shutdown of its two Italian plants and reopen on April 14, provided it had supplies, and update 2020 forecasts in May when it releases its first-quarter earnings.

Ferrari this month closed factories in Maranello and Modena, in the northern Italian region of Emilia-Romagna, for two weeks until March 27 in a response to the coronavirus outbreak and a shortage of parts.

Investment firm Exor <EXXRF>, which controls Ferrari, on Wednesday said that current plant closures at Ferrari as well as at other controlled companies Fiat Chrysler <FCAU> and CNH Industrial <CNHI>, though temporary, might continue.

Ferrari – which cited “the huge uncertainty and lack of predictability that the COVID-19 has created” – said it would continue to cover all days of absence for those employees who could not work remotely.

The company added it would give further financial guidance during a conference call on its first-quarter earnings, scheduled for May 4.

In February, Ferrari said it planned its adjusted core profit to increase to between 1.38-1.43 billion euros this year, compared to a previous guidance of over 1.3 billion euros.

Ferrari said on Friday it remained confident that it would “continue to create value for all stakeholders beyond the near-term uncertainties”.

(Reporting by Giulio Piovaccari; Editing by Nick Macfie)

Amtrak Takes Active Measures to Maintain Safe Environment

March 24, 2020 / WIL BALDWIN

The safety of Amtrak’s customers and employees is our top priority. We continue to monitor the coronavirus situation closely and we are taking action based on guidance from public health experts; that includes restoring service to trains and routes once demand returns. In order to maintain a safe environment and address customer concerns and potential business impact, we are taking the following measures:

Before You Travel

If you are traveling with Amtrak:

Providing an essential transportation service: We are waiving change fees on all existing or new reservations made before April 30, 2020. Simply log in to your account or go to Modify Trip on Amtrak.com, or find your reservation from your account on the home screen in the Amtrak app. A fare difference may apply to your new itinerary. If you want to cancel your reservation with no fee, you must call 800-USA-RAIL and speak with an agent (not available via Amtrak.com or the app).
Take care of yourself and keep others safe: If you are feeling ill, please stay home until feeling better.

Maintaining a Safe Environment

To reduce risk, we are:

Enhancing cleaning protocols: We have increased the frequency of cleaning services on our trains and at our stations.
Increasing disinfectant supplies: We have increased the quantity of sanitizers and disinfectant wipes available for customers and employees on our trains and stations.
Reinforcing good hygiene practices: We are regularly sharing best practices with employees and customers on ways to protect against communicable diseases.

We continue to recommend that everyone follow CDC guidelines around social distancing. If you do need to travel with us, know that we are taking extra steps to keep our stations and trains clean, keep you safe, and remain an essential part of transportation in America. See what we are doing here.

Service Impacts

While Amtrak continues to operate, we have temporarily suspended the following services due to reduced demand. See details on service impacts here.

What You Can Do

To protect against all communicable diseases:

Wash your hands: Wash hands frequently with soap and water – and for 20 seconds. If you can’t wash your hands, use hand sanitizer.
Cover your mouth: When sneezing or coughing, use tissues and promptly dispose of them or cover your mouth with your sleeve or elbow.

While we are running reduced service across the country, it is still essential to exercise caution around railroad tracks and crossings. #SeeTracksThinkTrain

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