Tag: Net (Page 1 of 3)

HEINEKEN picks Siemens for decarbonization program

January 16, 2024 / WIL BALDWIN

HEINEKEN, the world’s most international brewer, has selected Siemens as a partner for its global Net Zero Production roadmap, as part of HEINEKEN’s ambitions to reach net zero in Scopes 1 and 2 across all production sites by 2030.*

Siemens and HEINEKEN will work together on a long-term decarbonization program which will see Siemens implementing solutions and services from its Siemens Xcelerator portfolio, to reduce energy usage at more than 15 HEINEKEN beer and malt production sites, spanning facilities across Asia-Pacific, the Americas and Europe. Additional sites will be added in a second phase.

HEINEKEN and Siemens collaborated on an initial project of consulting, auditing, and advisory services, using an energy digital twin to simulate and analyze a typical HEINEKEN brewery in the virtual world, identifying where significant energy savings could be made. The simulation showed approximately 70 percent of energy use was linked to the generation of heating and cooling necessary for the brewing process. By optimizing and monitoring these cooling and heating systems through an end-to-end program, Siemens estimates energy savings of between 15-20 percent at each site, and an average CO2 reduction of 50 percent at each site.

Saab Q3 2023 results: Growth momentum in an evolving market

October 27, 2023 / WIL BALDWIN

Saab AB (Stockholm: series B: SAABb)President and CEO Micael Johansson says “The geopolitical tensions are impacting our industry and driving the largest increase in defence investments in the last 30 years, particularly in Europe. In the third quarter, high demand for Saab’s broad defence portfolio continued to result in significant order intake, strong sales growth and improved profitability.”

Key highlights Q3 2023

Order intake amounted to SEK 14,977m (7,772) with strong growth in all order sizes in the quarter.
Sales increased to SEK 11,527m (8,751) with an organic growth of 31%, driven by growth in all business areas.
EBITDA increased 28% and amounted to SEK 1,424m (1,115), corresponding to an EBITDA margin of 12.4% (12.7).
Operating income (EBIT) increased 51% and amounted to SEK 859m (568). The EBIT margin was 7.5% (6.5) with improvements in several business areas in the quarter.
Net income for the period increased to SEK 656m (324) and earnings per share amounted to SEK 4.84 (2.28).
Operational cash flow in the quarter was SEK -2,058m (559) mainly due to timing of customer payments combined with higher investments.
Net liquidity position in the quarter was SEK 1.4 bn (0.4).
Upgraded outlook for organic sales growth 2023: organic sales growth to be between 19-23%, compared to previous outlook of 16-20%.

For more information and explanations of the above key ratios, please see www.saab.com/investors/financials/financial-data.

A.P. Moller – Maersk opens doors to new warehouse in Douala, Cameroon

September 23, 2023 / WIL BALDWIN

A.P. Moller – Maersk AS (OTC: AMKBY) opens new warehousing & distribution (W&D) facility, spread over 16,000 sq.m. inside the Douala Port zone and powered by a cutting-edge system, will serve mainly the growing demand for FMCG cargo and, potentially, other strategic verticals in Central Africa.

The state-of-the-art facility with modern WMS will provide customers with accurate and real-time visibility of their inventory. Full traceability using lot, batch, and serial numbering will ensure efficient movement of goods. Ultimately, the optimised operations using technology will aid in reducing waste and inventory errors and provide an improved experience to customers.

Maersk has a clear goal of being Net Zero by 2040, and every new investment being made has deep considerations in terms of the decarbonisation of logistics. The new facility by Maersk in Douala is no exception. 100% internal lighting will be done using low-consumption LED lights, and all external lighting will be powered by solar energy. All forklifts required in the W&D operations will be battery-operated and charged using solar energy. At the beginning of operations, 15% of the site’s electricity requirements will be fulfilled by solar panels installed at the site itself, with a plan to scale up in the coming years.

Maersk’s customers will get several benefits by utilising this facility for bonded as well as non-bonded storage and distribution. Bundled with ocean transportation, customs clearances, intermodal transportation and other services, Maersk will provide truly integrated logistics solutions to its customers. Such a solution also adds greater control over supply chains and offers higher resilience. With everything put together, customers will get cost advantages, too, as all their logistics requirements get fulfilled under the same roof.

Textron Aviation and NetJets sign fleet agreement for up to 1,500 Cessna Citation jets

September 20, 2023 / WIL BALDWIN

September 20, 2023, – NetJets named launch customer for the new Cessna Citation Ascend

Wichita, Kansas, Business Wire – Textron Aviation (NYSE: TXT) and NetJets, a Berkshire Hathaway (NYSE: BRKa) today announced a record-breaking fleet agreement for the option for NetJets to purchase up to 1,500 additional Cessna Citation business jets over the next 15 years. This agreement extends NetJets’ existing fleet agreement, and includes options for an increasing number of aircraft each year, enabling NetJets to expand its fleet with Cessna Citation Ascend, Citation Latitude and Citation Longitude aircraft. Equally exciting is the announcement that NetJets has been named the fleet launch customer for Textron Aviation’s newest jet — the Citation Ascend. Deliveries of the Citation Ascend are expected to begin in 2025 when the aircraft, currently under development, is expected to enter into service.

Since the inception of the more than 40-year relationship between the companies, NetJets has taken delivery of more than 800 aircraft from Textron Aviation, including exercising over 300 options for Citation Latitudes and Longitudes during the past eight years. This enduring relationship equips discerning customers with class-leading, safe, and reliable aviation travel experiences worldwide. Through the years, NetJets has owned and operated industry-leading Citations including the Citation SII, V, Excel/XLS, Sovereign, X, Latitude and Longitude models.

The Citation series of business jets has evolved to offer an unmatched range of capabilities, systems and options that allow customers to expand their business reach. More than 30 Citation models have been certified over the 50-year history of the Citation line. There are currently six Citation models in production: Citation M2 Gen2,Citation CJ3+, Citation CJ4 Gen2, Citation XLS Gen2, Citation Latitude and Citation Longitude, with the Citation Ascend under development.

A.P. Moller–Maersk to strengthen distribution network in India with more than 500 Electric Vehicles

August 23, 2023 / WIL BALDWIN

Mumbai, India – A.P. Moller – Maersk (OTC: AMKBY) has the ambition to be Net Zero across business and provide customers with 100% green solutions by 2040. To achieve this goal, there is a strong need to decarbonise logistics at every stage. It is important not only for Maersk to achieve these sustainability goals but for the customers too, who are demanding environmentally friendly solutions that would decarbonise their supply chains.

In September 2022, Maersk unveiled its three-wheeler and four-wheeler EV’s in Mumbai, India and soon rolled them out for its first customer in the NCR region. Since then, the awareness around EV’s that can support distribution logistics in India has risen, and with that has come an unprecedented demand from several customers.

Maersk has recently tied up with a large e-Commerce platform in India to support its distribution requirements with a dedicated fleet of EV’s that range in the capacity of 550 to 700 Kgs with a driving range of over 120 km. Over 200+ vehicles have already been deployed across 15 cities, and more than 300 EV’s.

So far, Maersk’s EV fleet has covered more than 135,000 km. Maersk is also investing in creating a charging network for its fleet of EV’s, including the option to harness solar energy at its own facilities for warehouses across the country.

NASA and Boeing unveiled the new X-66A livery at EAA AirVenture Oshkosh. (Image: Boeing)

U.S. Airlines to Support NASA-Boeing Sustainable Flight Demonstrator Project

July 27, 2023 / WIL BALDWIN

OSHKOSH, Wis., July 25, 2023 /PRNewswire/ – Boeing [NYSE: BA] and NASA will collaborate with U.S. airlines to advise the Sustainable Flight Demonstrator (SFD) project and development of the X-66A research aircraft. As part of a new sustainability coalition, Alaska Airlines, American Airlines, Delta Air Lines, Southwest Airlines and United Airlines will provide input on operational efficiencies, maintenance, handling characteristics and airport compatibility.

NASA and Boeing also unveiled the new X-66A livery today at EAA AirVenture Oshkosh.

The X-66A will test the Transonic Truss-Braced Wing (TTBW) airframe configuration and will be built from a modified MD-90 aircraft at a Boeing facility in Palmdale, Calif. It is NASA’s first X-plane focused on helping achieve its goal of net-zero aviation greenhouse gas emissions.

When combined with expected advancements in propulsion systems, materials and systems architecture, a single-aisle airplane with a TTBW configuration could reduce fuel consumption and emissions up to 30% relative to today’s domestic fleet of airplanes.

The U.S. airlines will offer feedback throughout the project, including:

Design: Airline participants will share feedback on sustainable operations and airport compatibility. While the X-66A will have a wingspan of 145 feet, the TTBW design could be used by airplanes of different sizes and missions and may benefit from folding wing tips to accommodate existing airport infrastructure.
Simulation and lab testing: Airline pilots will have a chance to experience the X-66A through a flight simulator and assess the vehicle’s handling characteristics.
Flight testing: Airline operations and maintenance teams will assess the X-66A as modifications are made to the airplane. Flight testing is slated for 2028 and 2029 out of NASA’s Armstrong Flight Research Center at Edwards Air Force Base.

Lockheed Martin Reports Second Quarter 2023 Financial Results

July 19, 2023 / WIL BALDWIN

BETHESDA, Maryland, July 18, 2023 /PRNewswire/ – Lockheed Martin Corporation [NYSE: LMT] today reported second quarter 2023 net sales of $16.7 billion, compared to $15.4 billion in the second quarter of 2022. Net earnings in the second quarter of 2023 were $1.7 billion, or $6.63 per share, compared to $309 million, or $1.16 per share, in the second quarter of 2022. Cash from operations was $1.1 billion in the second quarter of 2023, compared to $1.3 billion in the second quarter of 2022. Free cash flow was $771 million in the second quarter of 2023, compared to $1.0 billion in the second quarter of 2022.

Click the link below to read the entire press release!

Lockheed-Martin-Reports-Second-Quarter-2023-Financial-Results

Virgin Atlantic Cargo announces SAFc Program

July 13, 2023 / WIL BALDWIN

Virgin Atlantic Cargo has announced a Sustainable Aviation Fuel Certificate (SAFc) program, designed to help freight forwarders and shippers manage their carbon emissions whilst demonstrating joint commitment to scaling the SAF industry.

Customers participating in the scheme will contribute to the airline’s purchase of SAF, receiving a SAF certificate for the associated scope 3 emissions reductions. Customers will also benefit from detailed insight into their Scope 3 air freight emissions via Virgin Atlantic Cargo’s own air freight carbon calculator. Developed in-house and independently certified, the calculator uses an industry recognised methodology and Virgin Atlantic’s actual flight emissions data to provide powerful insights to participating customers, enabling them to take action on their carbon footprint.

DB Schenker is the first to participate in the scheme with the purchase of over several thousand tonnes of scope 3 emissions reductions. The global logistics service provider is continuously expanding its SAF based air freight solutions.

The SAFc programme is driven by the airline’s commitment to 10% SAF by 2030 on the pathway to Net Zero 2050. The scheme creates a broader industry coalition that can provide further proof of the demand and support needed to scale a UK SAF industry which is key to decarbonising aviation.

Virgin Atlantic’s first UK SAF supply of 2.5 million litres of Neste Oyi neat SAF delivered into London Heathrow in 2022 is fuelling the programme. This is an important milestone as the airline scales it’s use and commitment to SAF in the UK.

Virgin Atlantic and Virgin Atlantic Cargo are committed sustainability leaders. The airline operates one of the youngest and fuel efficient commercial fleets across the Atlantic and has over fifteen years of supporting SAF development, including ambitions to fly the world’s first 100% SAF transatlantic flight later this year.

Virgin Australia unveils cabin of the future and $110 million fleet-wide aircraft upgrade

July 8, 2023 / WIL BALDWIN

Saturday 8 July 2023: More than 3,000 Virgin Australia team members and their families will today celebrate the arrival of the airline’s first fuel-efficient Boeing 737-8 aircraft which touched down on Australian soil last week.

The celebrations, part of a Virgin Australia Family Day at the airline’s Brisbane Hangar, will be hosted by CEO, Jayne Hrdlicka and Boeing’s President of Australia, New Zealand and South Pacific, Maria Fernandez, who will welcome team members from across the Virgin Australia business, many who have flown in from interstate to have a first look at the new aircraft.

Fresh from the Boeing factory in Seattle and featuring that new plane smell, the Boeing 737-8 aircraft marks an exciting new milestone in the transformation of Virgin Australia with its fleet renewal program well underway as the airline continues to work towards its net zero emissions target by 2050. The aircraft is one of 33 fuel-efficient Boeing 737-8 and 737-10 aircraft Virgin Australia has on order, with more fuel-efficient aircraft set to be delivered in the coming months.

With the arrival of the Boeing 737-8, Virgin Australia has also revealed its highly anticipated new Business Class and Economy cabin interior as well as confirming plans to refresh the interior cabins on the airline’s remaining Boeing fleet, as part of an investment of approximately $110 million to improve the flying experience for customers.

Highlight features of the new Boeing 737-8 cabin interior include:

In-seat power for all Business Class and Economy seats.
Larger overhead lockers, with capacity to stow up to 50 per cent more carry-on baggage (individual guest carry-on luggage limits will not increase).
Wider Business Class seats which also feature leg rests with extendable footrests, storage compartments, tablet/device holders and water bottle holders.
A new Economy seat design, featuring a ribbed backing to elevate comfort and ergonomics.
A personal tablet/device holder for all Economy seats, making it easy to view Virgin Australia in-flight entertainment, movies and TV shows.

Click the link below to see the entire press release!

https://newsroom.virginaustralia.com/release/virgin-australia-unveils-cabin-future-and-110-million-fleet-wide-aircraft-upgrade

Air New Zealand Outlines Requirements for Low Emissions Turboprop Aircraft

December 20, 2021 / WIL BALDWIN

By Jamie Freed – Reuters news…

(Reuters) – Air New Zealand Ltd said on Tuesday it had outlined requirements to suppliers as part of plans to replace its fleet of De Havilland Canada Dash 8 Q300 turboprops with lower-emissions technology by around 2030.

“The ideal candidate aircraft will be a drop in replacement for the Q300 for seamless integration into the existing Air New Zealand turboprop network, which may include retrofit of the existing aircraft,” the airline said.

Click the link below to read the full story!

https://finance.yahoo.com/news/air-zealand-outlineshttps://finance.yahoo.com/news/air-zealand-outlines-requirements-low-221729362.html

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