Tag: Industrial (Page 1 of 5)

Saab receives Gripen order from Hungary

February 23, 2024 / WIL BALDWIN

SAAB AB (Stockholm: SAABb) has today signed a contract with the Swedish Defence Materiel Administration (FMV) and received an order for four additional Gripen C fighter aircraft for Hungary.

This order follows an amendment to the contract between FMV and the Hungarian Government signed in December 2001 regarding 14 Gripen C/D fighters for the Hungarian Air Force. The contract amendment for the four additional aircraft was signed by the Hungarian Ministry of Defence and FMV on 23 February 2024. With this new contract amendment, Hungary will operate a total of 18 Gripen C/D aircraft to protect and defend the Hungarian and NATO airspace.

Saab currently has a contract with FMV regarding support for Hungary’s Gripen aircraft, and Saab is ready to provide additional upgrades and support for the Hungarian fighters beyond 2035.

Saab and the Hungarian Ministry of Defence have also signed an MoU regarding development of high-tech industrial areas and fighter aircraft capabilities. The cooperation includes support for the establishment of a Centre of Excellence for VR technologies in Hungary.

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.

Airbus and BMW Group launch Quantum Computing Competition

December 6, 2023 / WIL BALDWIN

Santa Clara, California, December 6, 2023 – Airbus Group SE (Paris: AIR) and BMW Group (Xetra: BMWG) launch a global Quantum Computing Challenge entitled “The Quantum Mobility Quest” to tackle the most pressing challenges in aviation and automotive that have remained insurmountable for classical computers. This challenge is the first-of-its-kind, bringing together two global industry leaders to harness quantum technologies for real-world industrial applications, unlocking the potential to forge more efficient, sustainable and safer solutions for the future of transportation.

Quantum computing has the potential to significantly enhance computational power and to enable the most complex operations that challenge even today’s best computers. In particular, for data-driven industries like the transportation sector, this emerging technology could play a crucial role in simulating various industrial and operational processes, opening up opportunities to shape future mobility products and services.

Challenge candidates are invited to select one or more problem statements: improved aerodynamics design with quantum solvers, future automated mobility with quantum machine learning, more sustainable supply chain with quantum optimisation, and enhanced corrosion inhibition with quantum simulation. Additionally, candidates can put forward their own quantum technologies with the potential to develop native apps yet to be explored in the transportation sector.

The challenge is hosted by The Quantum Insider (TQI) and divided into two parts, a four-month phase where participants will develop a theoretical framework for one of the given statements, and a second phase during which selected finalists will implement and benchmark their solutions. Amazon Web Services (AWS) provides candidates with an opportunity to run their algorithms on their Amazon Braket quantum computing service.

A jury composed of world-leading quantum experts will team up with experts from Airbus, BMW Group, and AWS to evaluate submitted proposals and award one winning-team with a €30,000 prize in each of the five challenges, by the end of 2024.

Registration opens today, and submissions will be accepted from mid-January through April 30, 2024 here: www.thequantuminsider.com/quantum-challenge.

Forward-Looking Statements

Airbus opens new A321XLR equipment installation hangar

August 31, 2023 / WIL BALDWIN

Hamburg, Germany, August 30, 2023 – Airbus (OTC: EADSY) is advancing its industrial system and expanding ramp-up capacity with a new automated A321XLR equipping hangar, officially opened today by Hamburg’s First Mayor Peter Tschentscher and German Aerospace Coordinator Anna Christmann. With this, Airbus continues its modernisation and digitalisation of its industrial system and expands its capacity for the rate ramp-up in the A320 programme to 75 in 2026.

Hamburg, 30 August 2023 – Airbus is advancing its industrial system and expanding ramp-up capacity with a new automated A321XLR equipping hangar, officially opened today by Hamburg’s First Mayor Peter Tschentscher and German Aerospace Coordinator Anna Christmann. With this, Airbus continues its modernisation and digitalisation of its industrial system and expands its capacity for the rate ramp-up in the A320 programme to 75 in 2026.

“Airbus’ Hamburg site plays a significant role in the development and production of the A321XLR. With our new, state-of-the-art equipment installation hangar, we are now expanding our capacity to manufacture A321 fuselages and making an important contribution to supporting our ramp up. At the same time we are reaffirming the importance of Hamburg for Airbus,” said André Walter, Head of Airbus Commercial Aircraft Production in Germany. “The design of the building reflects the latest standards in production and sustainability.”

Dr Peter Tschentscher, First Mayor of the Free and Hanseatic City of Hamburg: “Hamburg is the central location for Airbus’ single-aisle development and production. With the A321XLR, the new flagship of the A320 Family will be assembled at the Finkenwerder site, setting new standards in terms of sustainability, efficiency and range. The start of production in the new equipment installation hangar is an important project for Hamburg as the world’s third largest civil aviation center.”

“This investment in the A321XLR equipment installation hangar at the Airbus Hamburg site is an important milestone towards transitioning aviation to climate neutrality. This transformation is the key to making Germany a future-oriented and competitive aerospace location,” said Anna Christmann, the Federal Government Coordinator of German Aerospace Policy. “I am delighted that Airbus is positioning itself as a trailblazer in sustainable aviation and that we are pulling together to accelerate progress toward climate-neutral aviation even further.”

In the new equipment installation hangar, with 9,600 m² of production space, designated H259, all the components of the rear fuselages of the A321XLR aircraft – also built in Hamburg – will be installed and mounted. The hangar is equipped with a full range of state-of-the-art technologies for operations and manufacturing, such as automated logistics, fully digital systems, and test stations that can output the status of each fuselage section (both in terms of logistics and resources) at any time. The almost 24-metre-long fuselage sections are equipped with all electrical and mechanical systems, as well as other elements such as windows, floor panels or external antennas, on an automated ‘pulse line’ consisting of eight stations. Each fuselage section is extensively tested directly after the installation of the systems. The fuselage sections are then transferred to the final assembly line in Hamburg.

The stations in the new hangar were planned in close consultation with the employees to create both an efficient production flow and an ergonomically optimised and modern working environment. In addition, the interior design also focused on ensuring optimal conditions for cooperation between the employees in production and the supporting functions.

The structure was planned and built sustainably. A 3,000 m² photovoltaic system on the roof supplies the hangar with electricity, and surpluses are used to power the site. The office block on the south side offers an excellent level of insulation thanks to extensive insulation of the ceiling and walls. A fully automatic control system for heating, ventilation and lighting complements the measures.

Dassault Aviation announces second tranche of 18 Rafale’s for Indonesia enters order backlog

August 11, 2023 / WIL BALDWIN

Saint-Cloud, France, August 10, 2023 – Dassault Aviation (AM.PA) announces, as part of the contract signed by Indonesia on February 2022 for the acquisition of 42 Rafale, the second tranche of 18 Rafale came into force today. This follows the entry into force in September 2022 of the first tranche of 6 Rafale, bringing the total number of aircraft on order to 24.

The acquisition of the latest-generation Rafale for the Tentara Nasional Indonesia Angkatan Udara (Indonesian National Army Air Force) includes a complete “turnkey” solution as well as a substantial industrial return for the Indonesian aeronautical sector. Educational projects will also be launched as part of the technical training of aeronautical know-how.

The “omnirole” Rafale is a unique asset that will ensure Indonesia’s sovereignty and operational independence and reinforce its role as a major regional power.

Industrial actions affecting WINAIR partner Air Antilles

July 22, 2023 / WIL BALDWIN

Our partner and operating carrier Air Antilles is currently experiencing industrial actions. This situation, beyond our control, has affected WINAIR’s ability to operate several codeshare fligths in the region.

The flights between St. Maarten, Dominica and San Juan have been negatively affected. WINAIR is doing its utmost to reaccommodate affected customers on alternate airlines and we have adjusted our operating schedule to utilize our own fleet to offer service to ensure minimal disruption to our customers’ travel plans. Passengers affected by the schedule changes will be contacted via email, advising with the latest information and provide them with updated flight details.

WINAIR understands the inconvenience these disruptions may cause our customers. Please rest assured that we are diligently working to assist our customers and coordinate with Air Antilles to provide information regarding this difficult situation.

Akiem & Alstom sign new framework agreement for 100 Traxx locomotives

July 17, 2023 / WIL BALDWIN

17 July 2023 – Alstom (OTC: ALSMY), global leader in smart and sustainable mobility, and Akiem European rolling stock leasing company have signed a framework contract for 100 Traxx Universal multi-system (MS3) locomotives. The firm part of the order includes 65 locomotives. The total amount of the framework agreement is up 500 million euros. Akiem confirms its leadership on the leasing European market and its ambition to contribute to the rail market’s accelerating activities, with major investment on corridors from France to 12 other European countries.

The Traxx Multi-system locomotives benefit from optimised energy consumption and can run both Freight and Passenger operations at a speed of up to 160 kilometres per hour. They will cover operations in 12 European countries: Germany, Austria, Switzerland, France, Italy, Belgium, Netherlands, Luxemburg, Hungary, Poland, Czech Republic, Slovakia. As a unique feature for multi-system locomotives, a part of them will be delivered with the last mile feature enabling to access ports, terminals or industrial sites without the need of a shunting locomotive.

All locomotives will be equipped with the leading signalling system ATLAS, Alstom’s onboard solution for the European Train Control System (ETCS). This system comes with the broadest coverage of countries and lines, both in ETCS as well as for legacy system operation, and superior two-out-of-three architecture.

Final assembly is planned to take place at the Alstom site in Kassel, Germany. Deliveries of the units are scheduled to take place between 2025 and 2028.

CSX Corporation Declares Quarterly Dividend

July 13, 2023 / WIL BALDWIN

Jacksonville, Florida – July 12, 2023 – CSX Corporation (NASDAQ: CSX) announced that the Company’s Board of Directors approved a $0.11 per share quarterly dividend on the Company’s common stock. The dividend is payable on September 15, 2023, to shareholders of record at the close of business on August 31, 2023.

About CSX and its Disclosures

CSX, based in Jacksonville, Florida, is a premier transportation company. It provides rail, intermodal and rail-to-truck transload services and solutions to customers across a broad array of markets, including energy, industrial, construction, agricultural, and consumer products. For nearly 200 years, CSX has played a critical role in the nation’s economic expansion and industrial development. Its network connects every major metropolitan area in the eastern United States, where nearly two-thirds of the nation’s population resides. It also links more than 230 short-line railroads and more than 70 ocean, river and lake ports with major population centers and farming towns alike. More information about CSX Corporation and its subsidiaries is available at www.csx.com.

Alstom India set to onboard 700 young engineers under flagship Young Engineering Graduate Program of 2023

July 4, 2023 / WIL BALDWIN

Bengaluru, India, 4 July 2023 – Alstom (OTC: ALSMY) , global leader in smart and sustainable mobility, launches its flagship Young Engineering Graduate Program (YEGP) 2023 with a target to onboard 700 young graduate engineers in India over the next two months. This is the highest ever intake under this initiative in the country. YEGP is a key element of Alstom’s India hiring strategy since 2015, aimed at developing young engineers talent for Indian and global business needs. Out of 700 hires, 58% are women engineers in line with the company’s gender diversity focus. Further, the campus hiring has been done from 54 universities across 26 states ranging from several Northeastern states to Gujarat and from Jammu & Kashmir to Kerala in tandem with Alstom’s regional diversity promise. There is a 2x increase vis-à-vis 30 hires from the last year (2022) from the North-eastern states alone.

The 14 days program focuses on providing an immersive and engaging experience to all the YEGs, while helping them get a better understanding of Alstom’s business, operations and functions through close interactions with the leadership team. The candidates are being onboarded as Graduate Engineer Trainees & Post Graduate Trainees will be enabled through structured induction, technical, functional and on the job trainings. They will be taking up roles such as, Application Engineers, Train Control Engineer, Train Design Engineer, Testing & Commissioning Engineer etc. and will be working across Alstom’s six manufacturing facilities and four engineering centers catering to domestic and international markets.

Since its inception, more than 1800 engineering graduates have been recruited under this program in partnership with leading technical/engineering colleges and universities across India. In terms of engineering disciplines, the hires come with engineering specializations in Mechanical, Electrical, Electronics, Instrumentation, Computer Science, Industrial, Mechatronics, etc.

Alstom has also retained its place as the first and only organisation in India to be certified as a Top Employer in the mobility sector consecutively for the third time this year. This is a testament to Alstom’s continued commitment towards creating a better workplace through excellent people practices. To ensure the integration and development of its young recruits, the company counts on a strong internal learning culture. Alstom India is leading globally in terms of learning hours. Through Alstom University, an online learning management system, employees can learn about various subjects for their desired roles at their own pace.

Eve Partners with Porsche Consulting on eVTOL Global Manufacturing and Logistics

June 1, 2022 / WIL BALDWIN

São José dos Campos, SP, Brazil – May 31, 2022 – Eve Holding, Inc. (NYSE: EVEX), a leader in the development of next-generation Urban Air Mobility (“UAM”) solutions and a carve-out from Embraer S.A. (NYSE: ERJ), announced today that it has chosen Porsche Consulting, Inc. to help define the eVTOL (electric vertical take-off and landing) supply chain, global manufacturing and logistics macro strategy.

Considering advanced manufacturing research and innovation, the companies will combine their aeronautic and automotive expertise to support Eve’s implementation plan. The master services agreement that has been entered into by and between the companies includes studies on industrial operation, logistics, supply chain and parts distribution in an unprecedented approach optimized for efficiency, productivity and safety.

The study will address scalability and distributed production as the UAM market evolves to meet projected demand. While digital transformation generates new possibilities for the industry’s use of more agile technologies focusing on business and sustainability goals, comprehensive network solutions are under consideration to meet unique industry needs.

Airbus Atlantic Launches, Creating a New Global Player for Aero Structures

January 4, 2022 / WIL BALDWIN

Toulouse, France January 2022 – A wholly-owned Airbus subsidiary, Airbus Atlantic, a global player in the aerostructures field, was officially established on 1st January 2022. The new company groups the strengths, resources and skills of the Airbus (OTC: EADSY) sites in Nantes and Montoir-de-Bretagne, the central functions associated with their activities, as well as the STELIA Aerospace sites worldwide.

This unification is part of the transformation project announced in April 2021, aimed at strengthening the value chain of aerostructure assembly within Airbus’s industrial setup, this activity being considered as core business. It marks the intention to gain competitiveness, innovation and quality for the benefit of Airbus’s programmes of today and tomorrow.

As such, Airbus Atlantic will be an essential element in the group’s value chain and will play a key role with regard to the aerostructure supply chain, with more than 500 direct suppliers (flying products) and more than 2,000 indirect suppliers (general procurement products).

With 13,000 staff in 5 countries and 3 continents, and an estimated business volume of around 3.5 Bn euros, Airbus Atlantic is the world number two for aerostructures, world number one for pilot seats and ranks in the top three for Business Class and First Class passenger seats, which continue to be marketed under the STELIA Aerospace brand.

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