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Pratt & Whitney receives contract for TF33 engines powering B-52 and E-3 aircraft

November 16, 2023 /

East Hartford, Connecticut, November, 2023, PRNewswire – Pratt & Whitney, an RTX (NYSE: RTX) business, was awarded a long-term TF33 engine sustainment contract valued up to $870 million by the Defense Logistics Agency. The TF33 engine provides power to a wide range of aircraft, including the Boeing (NYSE: BA) B-52 Stratofortress and E-3 Sentry.

This agreement is a culmination of the Defense Logistics Agency’s decades-long partnership with the 448th Supply Chain Management Wing, Tinker Air Force Base, Okla., and Pratt & Whitney to establish a holistic sustainment solution. This first-of-its-kind approach will reduce obsolescence, supporting the U.S. Air Force’s wartime readiness today and into the foreseeable future.

Under this contract, Pratt & Whitney will provide comprehensive engine sustainment services for a global fleet of nearly 1,000 engines over a six-year period, with an option of extending for another four years. Services under this contract include maintenance, spare parts, program management, field service, repairs and engineering support.

Sustainment work will run through April 2034 at Tinker Air Force Base, Oklahoma, additional U.S. Air Force locations, and Pratt & Whitney’s Southern Logistics Center located in Atlanta, Georgia.

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.

 

 

 

 

 

 

 

Hola

Maersk & Kodiak Robotics launch commercial autonomous trucking lane between Houston and Oklahoma City

October 6, 2023 /

Florham Park, New Jersey/Mountain View, California — A.P. Moller – Maersk AS (OTC: AMKBY) and Kodiak Robotics, Inc., have launched the first commercial autonomous trucking lane between Houston and Oklahoma City. The freight lane marks an expansion of the collaboration between Kodiak and Maersk, which began with their first autonomous freight deliveries together in November 2022 as part of Maersk’s Global Innovation Center Program. Kodiak has been delivering eight loads per week, with a safety driver behind the wheel, for Maersk customers since August.

Kodiak and Maersk are completing four round trips per week on a 24-hour-a-day, four-day-a-week basis between a Houston facility, where consumer products are loaded onto 53-foot trailers, to a distribution center in Oklahoma City. Operational learnings gained from the activity are captured and documented as part of the Kodiak Partner Deployment Program, which is designed to help companies learn how Kodiak’s self-driving trucks can become an integral part of their overall logistics strategy and offerings.

Autonomous trucking solutions have the potential to address long-term challenges faced by the trucking industry. According to the American Trucking Association, the trucking industry faces a shortage of roughly 78,000 drivers. The ATA estimates that, based on current driver demographic trends, as well as projected growth in freight demand, the shortage could swell to more than 160,000 over the next decade.

Safety continues to be a perennial challenge for the trucking industry as well. U.S. National Highway Traffic Safety Administration (NHTSA) research also estimates that 94% of crashes occur due to human error. For Kodiak, safety and performance are foundational to its autonomous trucking solution. Each vehicle is equipped with 18 different sensors, including cameras, radar, and lidar, that provide the platform with a 360-degree view around the truck. Every tenth of a second, the truck evaluates the performance of more than 1,000 safety-critical processes and components in both the self-driving stack and the underlying truck platform. The trucks learn in parallel, with system upgrades shared to the entire fleet simultaneously, and are not subject to environmental distractions.

 

 

 

 

Texas Central and Amtrak Seek to Explore High-Speed Rail Service Opportunities

August 9, 2023 /

Washington, D.C. – Texas Central Partners (“Texas Central”) and Amtrak are seeking opportunities to advance planning and analysis work associated with the proposed Dallas-Houston 205-mph high-speed rail project to further determine its viability. Amtrak has cooperated with Texas Central on various initiatives since 2016 and the two entities are currently evaluating a potential partnership to further study and potentially advance the project.

The proposed approximately 240-mile route would offer a total travel time of less than 90 minutes between two of the top five major U.S. metropolitan areas and would complement future, new and improved corridor and long-distance service in the southern region.

Texas Central and Amtrak have submitted applications to several federal programs in connection with further study and design work for the potential Dallas to Houston segment, including the Consolidated Rail Infrastructure Safety and Improvements (CRISI) grant program, the Corridor Identification and Development program, and the Federal-State Partnership for Intercity Passenger Rail (FSP-National) grant program.

Amtrak has worked with Texas Central since 2016 when it entered into agreements to provide through-ticketing using the Amtrak reservation system and other support services for the planned high-speed rail line.

In addition to current Amtrak service in Texas and planned station improvements, Amtrak submitted grant applications for daily Sunset Limited service and the extension of the Crescentfrom Mississippi through Louisiana and Texas. Amtrak supports Kansas DOT’s Heartland FlyerExtension Corridor Identification and Development (Corridor ID) application that will connect Wichita and communities across Kansas, Oklahoma, and Texas to the Amtrak network. Amtrak also supports Texas DOT’s applications for the Texas Triangle (Dallas – Fort Worth – Houston – San Antonio) routes.

United Adds 127 Nonstop Flights for 2023 College Football Season

July 30, 2023 /

Chicago, Illinois, July 28, 2023 /PRNewswire/ – United (Nasdaq: UAL) today announced the addition of 127 new, nonstop flights to help college football fans cheer on their favorite teams at 30 games this season.

Last year, more than 50,000 fans flew United to some of the most iconic college football towns across the country. This year, the airline will continue to help fans get to games to cheer on teams including Wisconsin, USC, University of Michigan, Penn State and more.

In addition to the airline’s special schedule, United is partnering with USC Trojans quarterback and 2023 Heisman Award Winner Caleb Williams for a name, image, likeness (NIL) agreement to hype up college football fans in United’s advertising and social media. He’ll appear in a variety of United advertising and social media spots during the season as well as post to his own account.

The airline has added more flights and will be flying larger planes to select cities for the following games:

  • Sept. 2: Tennessee State University @ University of Notre Dame
  • Sept. 3: Louisiana State University @ Florida State University
  • Sept. 9: University of Texas-Austin @ University of Alabama
  • Sept. 9: University of Nevada, Las Vegas @ University of Michigan
  • Sept. 9: University of Cincinnati @ University of Pittsburgh
  • Sept. 9: University of Notre Dame @ North Carolina State University
  • Sept. 16: Northwestern University @ Duke University
  • Sept. 16: University of Washington – Seattle @ Michigan State University
  • Sept. 23: Ohio State University @ University of Notre Dame
  • Sept. 23: University of Arkansas @ Louisiana State University
  • Sept. 23: University of Mississippi @ University of Alabama
  • Sept. 23: University of Iowa @ Penn State University
  • Sept 23: University of Oklahoma @ University of Cincinnati
  • Sept. 30: Louisiana State University @ University of Mississippi
  • Sept. 30: University of Notre Dame @ Duke University
  • Oct. 7: University of Arkansas @ University of Mississippi
  • Oct. 14: University of Southern California @ University of Notre Dame
  • Oct. 14: University of Arkansas @ University of Alabama
  • Oct. 14: Louisiana State University @ Auburn University
  • Oct. 14: Ohio State University @ Purdue University
  • Oct. 14: University of Iowa @ University of Wisconsin-Madison
  • Oct. 21: University of Tennessee @ University of Alabama
  • Oct. 21: Penn State University @ Ohio State University
  • Oct. 28: University of Pittsburgh @ University of Notre Dame
  • Oct. 28: Ohio State University @ University of Wisconsin
  • Nov. 4: University of Notre Dame @ Clemson University
  • Nov. 4: Louisiana State University @ University of Alabama
  • Nov. 11: University of Michigan @ Penn State University
  • Nov. 11: University of Pittsburgh @ Syracuse University
  • Nov. 18: University of Georgia @ University of Tennessee
  • Nov. 18: Wake Forest University @ University of Notre Dame

Tickets are on sale now in the United app or at United.com

Frontier Airlines Started Four New Nonstop Routes From Las Vegas Today

March 8, 2021 /

LAS VEGAS – March 8, 2021 – Low-fare carrier Frontier Airlines this week takes off with four new, nonstop routes to Las Vegas from El Paso, Texas; Little Rock, Arkansas; Oklahoma City, Oklahoma and Wichita, Kansas. Plus, later this month, Frontier begins nonstop service from McCarran International Airport (LAS) to two popular vacation destinations in Mexico: Los Cabos and Puerto Vallarta.

Frontier now offers 44 nonstop destinations from Las Vegas, including two international routes. The new flights to Mexico represent Frontier’s commitment to expanding travel opportunities to exciting destinations while maintaining its ‘Low Fares Done Right’ approach.

“We’re very excited bring more new flights to Las Vegas and offer an affordable travel option for folks from El Paso, Little Rock, Oklahoma City and Wichita to visit the Entertainment Capital of the World,” said Daniel Shurz, senior vice president of commercial, Frontier Airlines. “Frontier has quickly become a preferred airline in Las Vegas with an established crew base, robust flight schedule and ultra-competitive fares and we look forward to welcoming Nevadans on our two new international routes later this month to the sunny beaches of Los Cabos and Puerto Vallarta.”

Image from http://visitelpaso.com

Buy One Get One Free with the Amtrak Loves You Sale

February 11, 2021 /

WASHINGTON – At Amtrak, we want to show customers how much we love them by offering a Valentine’s Day Buy One Get One Free Sale. Thursday, February 11, through Tuesday, February 16, customers can purchase one ticket and bring a companion along for free for nationwide travel between February 22 and August 27, Customers can receive discounted tickets by using the code C214 at checkout or at amtrak.com/vdaysale.

Customers can skip the flowers and chocolates this year and take advantage of the Amtrak Loves You, limited-time offer to buy one ticket and get another one free for a future getaway, through August. Travel is available on select trains nationwide including the Auto Train, Northeast Regional, Acela, Southwest Chief, Empire Builder, California Zephyr and many other popular routes throughout the country. Two customers can make it a date and travel together for as low as:

RouteFareCitiesFare
Chicago – Milwaukee$25 New York – Chicago$112
Oklahoma City – Fort Worth$31Lorton – Sanford$115*
Albany – New York$45Los Angeles – Seattle$126
New York – PhiladelphiaCoach: $46
Acela: $81		Charlotte – New York$126
Philadelphia – Washington, DCCoach: $46
Acela: $92		Washington, DC – Atlanta$132
New York – ProvidenceCoach: $50
Acela: $94		Philadelphia – Savannah$140
Boston – New YorkCoach: $58
Acela: $98		Washington, DC – New YorkCoach: $74 Acela: $128
Fares will vary by train
*Plus the cost of your vehicle

Before traveling on Amtrak, customers should review state-specific travel advisories and restrictions that may be in place for various destinations. Once onboard, Amtrak customers can enjoy the freedom to use their phones and electronic devices (no “airplane mode”), large spacious seats with ample leg room, no middle seat and one of the most generous baggage policies in the travel industry.

Amtrak is leading the way by setting a new standard of travel with enhanced safety and cleaning measures. In an effort to simplify and safeguard the travel experience, several cleaning, contact-free and convenience measures have been implemented into every part of the customer journey, including:

  • Face Coverings: Per federal law and Amtrak policy, all customers and employees must wear a face mask or covering that fully covers the entire mouth and nose, fits snugly against the side of the face, and secures under the chin at all times while onboard and in stations. Neck gaiters, open-chin triangle bandanas, face shields, and masks containing valves, mesh material or holes of any kind do not qualify as acceptable face coverings. Face masks can be removed briefly while actively eating, drinking or taking medication. Children under 2 years old are not required to wear a face covering. Refusing to wear a mask is a violation of federal law; passengers may be subject to penalties under federal law, denied boarding, removed from the train and banned from future travel in the event of noncompliance.
  • Enhanced cleaning: Amtrak has enhanced cleaning and disinfecting protocols at stations and onboard our trains. 
  • Air Quality: All trains are equipped with onboard filtration systems with a fresh air exchange rate every 4-5 minutes.
  • Physical distancing: Signage has been displayed at our busiest stations to indicate safe distances in high traffic areas. In addition, protective plastic barriers have been installed at customer counters at our busiest stations.

This sale is valid for one free companion rail fare traveling on the same reservation as one full adult fare. Adults must travel together and be booked in the same reservation. Upgrades to Acela First Class, and non-Acela Business Class are valid upon payment of full accommodation charge. Upgrades to sleepers are not permitted. This offer is not combinable with any other discount offer. All prices will be automatically discounted from the standard fare when accessing this promotion at amtrak.com/vdaysale or by using the discount code (C214) when booking their trip. Other terms and conditions apply.

U.S. Air Force Awards Boeing Additional $2.1 Billion Contract for 15 More KC-46A Tankers

January 21, 2021 /

The U.S. Air Force on Wednesday awarded Boeing [NYSE: BA] a $2.1 billion contract for 15 KC-46A tankers, expanding its fleet of aircraft that will not only set the standard for aerial refueling but will also help enable the integrated digital battlespace. Like a cellular tower in the sky, the KC-46 connects air forces to data needed to maintain the decision advantage and win on the 21st century battlefield.

“The KC-46’s adaptability is going to be a game-changer for the U.S. Air Force,” said Jamie Burgess, Boeing KC-46 tanker vice president and program manager. “We know our defense customers will need to transform how they fight and win in the modern era. That’s why Boeing is focused on making sure the KC-46 grows and changes with them.”

The KC-46 is a widebody, multirole tanker designed for state-of-the-art air refueling, cargo and medical transport. Boeing is now on contract for 94 KC-46A tankers.

“Our KC-46 fleet is growing, and we’re ready to extend the reach of next-generation air refueling to more of our Airmen,” said Col. Jason Lindsey, U.S. Air Force KC-46 System program manager.

Boeing delivered the first KC-46A to the U.S. Air Force in January 2019. Since then, the company has delivered 42 tankers to McConnell Air Force base in Kansas, Altus Air Force Base in Oklahoma, Pease Air National Guard base in New Jersey and Seymour Johnson Air Force base in North Carolina. The next-generation KC-46 is bringing new capabilities and operational flexibility to the U.S. Air Force and international customers.

Boeing is assembling KC-46A aircraft at its Everett, Washington, facility, where it also continues production of the KC-46 tanker for Japan.

Southwest Airlines Announces Three-Day $39 WOW Sale

August 25, 2020 /

DALLAS, Aug. 25, 2020 /PRNewswire/ — Southwest Airlines Co. (NYSE: LUV) launched a three-day WOW Sale today through Aug. 27, 2020, 11:59 p.m. Central Daylight Time, with fares starting as low as $39 one-way. As Customers put their Hearts back into traveling, Southwest is offering low fares across the United States. Fall and winter travel is only a click away!

“As Customers begin to feel inspired to travel again, we want them to know that Southwest Airlines has their well-being and comfort in mind supported by the Southwest Promise, legendary Hospitality, and our exceptional People,” said Bill Tierney, Southwest Vice President of Marketing. “With fares as low as $39 one-way, bags that fly free, and no changes fees, Customers can easily get away to their next adventure.”

Seats, days, and markets are limited. Blackout dates and advance purchase requirements apply. See full fare rules and terms and conditions at Southwest.com. Examples of one-way low fares include:

– As low as $39 one-way nonstop between Kansas City and Minneapolis/Saint Paul

– As low as $39 one-way nonstop between Las Vegas and Oakland 

– As low as $39 one-way nonstop between Houston (HOU) and Tulsa 

– As low as $39 one-way nonstop between Chicago (MDW) and Detroit 

– As low as $39 one-way nonstop between Nashville and Raleigh/Durham 

– As low as $39 one-way nonstop between New Orleans and San Antonio 

– As low as $109 one-way nonstop between HOU (HOU) and Cancun 

– As low as $136 one-way nonstop between Lubbock and Cancun 

– As low as $139 one-way nonstop between Baltimore/Washington and Punta Cana

SOUTHWEST AIRLINES SALE FARE RULES
Book by Aug. 27, 2020 11:59 p.m. Central Daylight Time. 14-day advance purchase required. Nonrefundable. Seats, travel days, and markets limited. Blackout dates apply.

Click the link below for the full details and conditions!

https://finance.yahoo.com/news/southwest-airlines-announces-three-day-132800321.html

American Airlines Suspends Service to 15 Markets in October

August 20, 2020 /

American Airlines Group Inc. (NASDAQ: AAL) will adjust its October schedule to remove service to 15 markets as a result of low demand and the expiration of the air service requirements associated with the Coronavirus Aid, Relief and Economic Security (CARES) Act. This is the first step as American continues to evaluate its network and plans for additional schedule changes in the coming weeks.

These station suspensions will be effective Oct. 7. For now, these changes are only in place for the October schedule period, which runs through Nov. 3.

The airline will continue to re-assess plans for these and other markets as an extension of the Payroll Support Program remains under deliberation. The full, updated October schedule will be released Aug. 29, and American anticipates releasing its updated November schedule by late-September.

The full list of suspensions is below and will be reflected on aa.com Aug. 29.

Service suspensions beginning Oct. 7

CityAirport Code
Del Rio, TexasDRT
Dubuque, IowaDBQ
Florence, S.C.FLO
Greenville, N.C.PGV
Huntington, W.Va.HTS
Joplin, Mo.JLN
Kalamazoo/Battle Creek, Mich.AZO
Lake Charles, La.LCH
New Haven, Conn.HVN
New Windsor, N.Y.SWF
Roswell, N.M.ROW
Sioux City, IowaSUX
Springfield, Ill.SPI
Stillwater, Okla.SWO
Williamsport, Pa.IPT

Tesla Reports Q2 Profit, Announces Texas Gigafactory

July 26, 2020 /

Tesla (TSLA) posted a surprise second-quarter profit last week on cost cutting and strong deliveries, offsetting the effects of its Covid-19 related factory shutdowns. The report may help the electric vehicle manufacturer gain inclusion into the S&P 500 index (^SPX).

Tesla announced earned net income of $104 million for the quarter, or $0.50 per share. This marks the first time the company has posted four straight quarterly profit, a benchmark for the company to be considered for inclusion in the highly coveted S&P 500.

This marks another major win for Chief Executive Elon Musk, whose quest to lead the global auto industry with Tesla, and the aerospace industry with SpaceX, has increasingly been making major leaps forward.

Musk said last Wednesday that the city of Austin, located in Travis County, would be the site of Tesla’s newest factory. The victory for Texas comes at a loss for Oklahoma, which also was seeking to have the factory land in Tulsa. The facility seeks to create as many as 5,000 new jobs. The County offered up to $65 million in tax rebates to entice the company, and plans to begin construction in the third quarter.

The additional plant is slated to produce Model 3 and Model Y vehicles for the Eastern half of the United States, as well as a potential new Tesla Semi truck and its Cybertruck pickup. Elon Musk has stated that his cars are not affordable enough yet for the average consumer, and he hopes to develop a plan to address that issue.

The company also needs to address its growing need for affordable battery cell production, and is looking to expand its partnerships with Panasonic Corp <PCRFY> and Contemporary Amperex Technology of China (CATL) <300750.SZ>.

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