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CSX names rail industry veteran Mike Cory Chief Operating Officer

Jacksonville, Florida, September 8, 2023 – CSX Corporation (NASDAQ: CSX) announced today the appointment of Mike Cory, a seasoned railroad executive with more than 40 years of operations experience, as the company’s executive vice president and chief operating officer.

Formerly executive vice president and chief operating officer for the Canadian National (CN) Railway, Cory has provided transportation consulting services since retiring from the CN in 2019.

Cory began his railroad career in 1981 as a laborer in the CN locomotive shops in Winnipeg, Canada. Over the years, he rose through the ranks as a superintendent, general superintendent, director of service design, network operations superintendent and general manager of operations for the Michigan sub-region. He also broadened his business perspective by holding customer service and marketing positions. In 2006, he began his ascent through a series of senior leadership roles, including vice president of network operations, senior vice president of the Eastern region and senior vice president for the Western region. He was named executive vice president and chief operating officer in 2016.

At CSX, Cory will lead a strong team of operations professionals – led by Ricky Johnson, Senior Vice President of Operations, and Casey Albright, Senior Vice President of Network Operations and Service Design – who have helped transform the company into a safety and service leader among North American Class I railroads. He will continue to strengthen the company’s operating model across the network while fostering a ONE CSX culture that values and engages front-line employees.

CSX also today announced that Kevin Boone, previously executive vice president of Sales and Marketing, is named executive vice president and chief commercial officer. The new title recognizes Boone’s breadth of existing responsibilities across CSX’s broad customer base and growing offering of supply chain solutions. Boone previously led the company’s finance organization before transitioning to sales and marketing in 2021. He joined CSX in 2017, following a successful 17-year career in the investment industry.

 

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CSX and SMART-TD Partner to Deliver Enhanced Conductor Training

Jacksonville, Florida, July 31, 2023 – CSX (NASDAQ: CSX) and the International Association of Sheet Metal, Air, Rail and Transportation Workers — Transportation Division (SMART-TD) announced they are partnering to extend CSX’s conductor training program to five weeks from the previous four-week regimen to provide new hires with additional hands-on experience prior to beginning on-the-job training (OJT).

The extra week of training at the CSX Training Center in Atlanta will focus on performing tasks in a field setting to increase trainees’ exposure to railcar switching scenarios, radio communication, securement of equipment, brake tests and other fundamentals of the conductor’s role. Hands-on application of these skills begins in the third week of training, and the additional week will reinforce trainees’ comfort level by providing multiple opportunities to perform the tasks while operating on first and second shifts.

CSX developed the extended training program in consultation with the SMART-TD, which represents its train crew employees. After completing their five weeks at the Atlanta Training Center, new conductors begin up to five months of OJT at their hiring location, where they learn the physical characteristics and job assignments of their designated territory.

CSX Corporation Declares Quarterly Dividend

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.

Boeing Breaks Ground on New Maintenance, Repair & Overhaul Facility in Jacksonville

JACKSONVILLE, Fla., Oct. 28, 2021 — Boeing [NYSE: BA] today broke ground to begin construction of a new 370,000 square-foot maintenance, repair and overhaul (MRO) facility located at Cecil Airport that, once complete, will support Boeing’s ability to deliver readiness outcomes for U.S. government customers.

The facility will include eight new hangars, additional work space and offices where Boeing maintainers, engineers and data analysts will support U.S. Navy and Air Force aircraft. The facility’s close proximity to Naval Air Station Jacksonville, Boeing’s Training Systems Center of Excellence in west Jacksonville, and local academic institutions make it a leading location for the development and delivery of innovative product support, underpinned by collaborative research and engineering.

The groundbreaking ceremony celebrates a 25-year lease agreement between Boeing and the Jacksonville Aviation Authority (JAA). Under the agreement, the JAA will construct and lease to Boeing new facilities on approximately 30 acres located on the northeast side of Cecil Airport, near Boeing’s existing MRO site. Construction is anticipated to be completed in 2023.

Since opening its existing MRO facilities at Cecil Airport in 1999, Boeing teammates have maintained, modified and upgraded 1,030 aircraft for the U.S. Navy and Marine Corps, including the F/A-18 A-D Hornet, F/A-18 E/F Super Hornet and EA-18G Growler.  The Boeing team at the site also converts F/A-18 Super Hornets into flight demonstration aircraft for the U.S. Navy’s Blue Angel squadron as well as modifies retired F-16s into the next generation of autonomous aerial targets for the U.S. Air Force.  The facility is also home to a Flight Control Repair Center that provides structural repairs to F/A-18 A-F and EA-18G flight control surfaces.

U.S. Navy Awards Sikorsky Contract for Nine More CH-53K Heavy Lift Helicopters

Utilizing proven advanced manufacturing techniques and continuing to drive down unit price, Sikorsky will build nine more CH-53K™ heavy lift helicopters under a new contract for the U.S. Navy. This production award also includes an agreement for the next production contract at an even lower unit price which will decrease further if additional quantity options are exercised, resulting in significant savings for the U.S. government and taxpayers.

The nine helicopters are part of a 200 aircraft Program of Record for the U.S. Marine Corps for a  total of 33 production aircraft under contract with 3 of the 33 already delivered to the U.S. Marine Corps. Sikorsky will begin deliveries of the nine additional aircraft in 2024.

Sikorsky and the U.S. Navy also agreed to an even lower aircraft price for the next production contract of nine helicopters, to be exercised no later than February 2022.

Click the link below to read the full story!

https://news.lockheedmartin.com/2021-06-28-U-S-Navy-Awards-Sikorsky-Contract-to-Build-Nine-More-CH-53K-TM-Heavy-Lift-Helicopters-in-Connecticut#assets_all

CSX Corporation Announces Increase to Quarterly Dividend

JACKSONVILLE, Fla. – CSX Corp. (NASDAQ: CSX) today announced that the Company’s Board of Directors has authorized an 8 percent increase in its quarterly dividend, from $0.26 to $0.28 per share. The new $0.28 quarterly dividend is payable on March 15, 2021 to shareholders of record at the close of business on February 26, 2021.

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.

Boeing’s Arizona Modification Line Yields First QF-16 Full-Scale Aerial Target

A team from Boeing [NYSE: BA] and the U.S. Air Force completed the first QF-16 Full-Scale Aerial Target to undergo conversion from a modification line in Arizona. The aircraft was flown last month to Tyndall Air Force Base, Florida, where it will be used autonomously in future weapons training operations. 

The 309th Aerospace Maintenance and Regeneration Group (AMARG) located at Davis-Monthan AFB in Tucson teamed with Boeing under a public-private partnership to create a second modification line to supplement ongoing QF-16 work at Boeing’s Cecil Field site in Jacksonville, Florida.

“The delivery of this first AMARG modified QF-16 aerial target drone is a testimony of the cooperative, synergistic relationship we had hoped for when we created the private-public partnership with Boeing,” said Col. Jennifer Barnard, Commander of the 309th AMARG. “Though the installation of the drone conversion package is a relatively new venture for us, our hope is to leverage cost efficiencies and proficiencies benefiting both partners.”

Conversion of the F-16 A/C aircraft to the unmanned QF-16 configuration requires modification of the airframe and installation of major components. The QF-16 performs both autonomous maneuvers through autopilot and controlled maneuvers through ground stations.

“The partnership between Boeing and AMARG is crucial to expediting capability to the warfighters,” said Craig DeMeester, Boeing QF-16 program manager. “It’s an example of great teamwork, and completing this first jet is just the beginning as we have more deliveries planned this year and well into next year.”

Boeing began converting retired F-16s into QF-16s in 2015. More than 120 aircraft are on contract to be modified, with over 40 percent delivered to date.

A QF-16 takes off from Davis-Monthan Air Force Base, Arizona, June 4, 2020. The QF-16 was regenerated to flying status after being stored at the 309th Aerospace Maintenance and Regeneration Group to Boeing to become a full-scale aerial target. (U.S. Air Force photo by Airman 1st Class Jacob T. Stephens)

Boeing Delivers First Super Hornet Blue Angel Test Jet

  • Super Hornet to become the fourth Boeing platform for the flight demonstration team.
  • Boeing has modified Blue Angels since 2008 and delivered 23 aircraft to date.

Boeing [NYSE: BA] has delivered the first Super Hornet test aircraft for the U.S. Navy’s Blue Angel flight demonstration squadron. The unpainted aircraft now enters the flight test and evaluation phase at Naval Air Station Patuxent River in Maryland. Boeing expects to deliver a total of 11 aircraft for the squadron in 2020.

“The Super Hornet is an iconic representation of excellence in naval aviation,” said ret. Admiral Pat Walsh, vice president of U.S. Navy & Marine Corps Services for Boeing. Walsh flew with the Blue Angels from 1985 to 1987 as the Left Wingman (#3) and Slot Pilot (#4). “As Boeing continues to support the operational fleet of Navy Super Hornets, we are excited to see this platform enter a critical phase of its journey to joining the team.”

The flight demonstration squadron has flown Boeing or Boeing-heritage aircraft for more than 50 years, starting with the F-4J Phantom II in 1969, and then moving to the A-4F Skyhawk. The team currently operates the F/A-18A-D Hornet.

Boeing converts F/A-18 Hornets and Super Hornets into Blue Angels at the company’s Cecil Field facility in Jacksonville, Florida. Major modifications include the addition of an oil tank for the smoke-generation system, fuel systems that enable the aircraft to fly inverted for extended periods of time, civilian-compatible navigation equipment, cameras and adjustments for the aircraft’s center of gravity.

Boeing is the world’s largest aerospace company and leading provider of commercial airplanes, defense, space and security systems, and global services. As a top U.S. exporter, the company supports commercial and government customers in more than 150 countries. Building on a legacy of aerospace leadership, Boeing continues to lead in technology and innovation, deliver for its customers and invest in its people and future growth.

First Nigerian A-29 Super Tucano Completes Inaugural Flight

Jacksonville, EUA, April 17, 2020 – Embraer Defense & Security and Sierra Nevada Corporation (SNC) announced the first of 12 A-29 Super Tucano light attack, combat and reconnaissance aircraft for the Nigerian Air Force (NAF) successfully completed its inaugural flight at the production facility in Jacksonville, Florida.

The full fleet of A-29 Super Tucano aircraft for the NAF are currently in production by SNC and Embraer at the Jacksonville facility with delivery to the NAF expected on schedule in 2021.

The NAF A-29 aircraft will now begin mission modification and final testing in Centennial, Colorado. Following final testing, before delivery, NAF pilots will train in the aircraft.

“This is an exciting milestone in the production of these A-29s for the Nigerian Air Force. The Jacksonville production line is active, and Embraer and SNC look forward to seeing these aircraft continue to roll off the line in the coming months,” says Jackson Schneider, president & CEO, Embraer Defense & Security. 

“The aircraft met or exceeded all the requirements and we are very pleased with the successful flight,” stated Ed Topps, vice president of Tactical Aircraft Systems and programs for SNC’s IAS business area. “SNC and our partner, Embraer, are certain the Nigerian Air Force will be pleased with these aircraft.”

The combat-proven A-29 Super Tucano is the gold standard of light attack combat and reconnaissance aircraft around the world and is designed and built for the mission in Nigeria. 

The A-29 Super Tucano is the most reliable and cost-effective solution for basic and advanced flight and combat training, close air support operations, Intelligence, Surveillance, and Reconnaissance (ISR), armed over-watch, counterinsurgency and irregular warfare scenarios.

The aircraft has already been selected by 15 air forces around the world to deliver cost-effective close air support and reconnaissance capabilities. 

In December 2018, SNC and Embraer Defense & Security were awarded the contract to deliver 12 A-29 Super Tucano light attack aircraft to the Nigerian Air Force. The contract for the NAF includes ground training devices, mission planning systems, mission debrief systems, spares, ground support equipment, alternate mission equipment, contiguous U.S. interim contractor support, outside of continental U.S. (OCONUS) contractor logistic support and field service representatives for OCONUS support.

Boeing Delivers First P-8A Poseidon to United Kingdom’s Royal Air Force

SEATTLE, Nov. 8, 2019 – Boeing [NYSE: BA] last week delivered the first of nine P-8A Poseidon maritime patrol aircraft (MPA) to the United Kingdom Royal Air Force (RAF). The United Kingdom is acquiring the multi-mission aircraft through the Foreign Military Sales process with the U.S. Navy. The P-8A Poseidon replaces the U.K.’s retired Nimrod aircraft.

Speaking to attendees at the delivery ceremony, Air Marshal Andrew Turner, deputy commander for Capability for the Royal Air Force, spoke of the “profound challenge” of enemy submarines threatening the U.K. and other nations. “P-8 is the key to solving this challenge on the surface, the sub-surface and in the waters of the North Atlantic. There is no place [for our enemies] to hide. We will make the oceans transparent and we will prevail.”

Boeing formally delivered the aircraft on Oct. 29 to the U.S. Navy during a ceremony at the Boeing Military Delivery Center in Tukwila, Wash. From Tukwila, the aircraft flew to the U.S. Navy’s Naval Air Station Jacksonville, Florida, where U.S. Navy leaders officially turn the aircraft over to the United Kingdom. At JAX, Royal Air Force crew will work with the aircraft before flying it to the United Kingdom in January 2020. All nine P-8A aircraft will be based at Lossiemouth, Scotland.

As part of a collaborative program with the U.S. Navy, pilots and maintainers from the United Kingdom’s RAF have been stationed at Naval Air Station JAX since 2012. Called “Project Seedcorn,” the arrangement has allowed RAF members to fly the P-8A with Patrol Squadron Thirty (VP-30), the Navy’s Maritime Patrol and Reconnaissance Fleet Replacement Squadron, to maintain their maritime patrol skills in advance of receiving the P-8A.

The P-8 is a long-range anti-submarine warfare, anti-surface warfare, intelligence, surveillance and reconnaissance aircraft capable of broad-area, maritime and littoral operations. In addition, the P-8 performs humanitarian and search and rescue missions around the globe.

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