Tag: PRNewswire (Page 1 of 15)

Pratt & Whitney expands site at Eagle Services Asia facility in Singapore

February 19, 2024 / WIL BALDWIN

Singapore, February 19, 2024, PRNewswire – (Singapore Airshow) Pratt & Whitney, an RTX (NYSE: RTX) business, today announced the official opening of a 48,000 square-foot expansion of its Singapore based engine center, Eagle Services Asia (ESA). The facility will grow its GTF capacity by two-thirds this year.

The transformative technology insertion applied across both ESA sites integrates robotics, automation and machine learning to increase efficiency, lower stress on machine operators and increase safety for key MRO processes.

These innovations include fully automated high-pressure compressor (HPC) rotor stacking, a Receive-in-Check Cobot that augments the work done by human inspectors and a robotic arm to install and remove HPC bearing sleeves.

ESA, a joint venture between SIA Engineering Company and Pratt & Whitney, is a member of the Pratt & Whitney GTF™ MRO network. Since introducing GTF MRO capability in 2019, the facility has already completed over 500 GTF engine overhauls.

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.

RTX Pratt & Whitney receives $355 million F100 engine sustainment contract

February 13, 2024 / WIL BALDWIN

East Hartford, Connecticut, February 13, 2024, PRNewswire – Pratt & Whitney, an RTX (NYSE: RTX) business, was awarded an F100 engine performance-based logistics (PBL) sustainment contract by South Korea’s Defense Acquisition Program Administration (DAPA). This contract, with a base value of $355 million, is the third consecutive PBL contract Pratt & Whitney and DAPA have signed since 2012, offering on-going maintenance support for the Republic of Korea Air Force’s (ROKAF) F-15 Eagles and F-16 Fighting Falcons.

This contract is the latest initiative in an enduring partnership between Pratt & Whitney, DAPA and ROKAF, and it will support more efficient depot planning and improve overall fleet readiness through long-term material forecasting. Sustainment work began in December of 2023 and will run through the second half of 2027.

Forward-Looking Statements

Lockheed Martin Photography By Garry Tice 1011 Lockheed Way, Palmdale, Ca. 93599 Event: X-59 - Glamour Shoot Day Date: 12/12/2023 Additional Info:

Skunk Works® Rolls Out X-59, NASA’s Newest X-Plane

January 12, 2024 / WIL BALDWIN

Palmdale, California, January 12, 2024, PRNewswire – Lockheed Martin Skunk Works^® (NYSE: LMT) rolled out the X-59, a unique experimental aircraft designed to quiet the sonic boom, at a ceremony in Palmdale, California. The ceremony marked a significant milestone in Lockheed Martin’s and NASA’s decades-long journey to solve one of the most persistent challenges of supersonic flight, the sonic boom.

Rollout ceremonies are a long-standing aviation tradition, and in the case of the X-59, it celebrated technical advancements, collaboration and innovation that stemmed from years of research, development and production of a one-of-a-kind technology demonstrator aircraft that will reduce the loudness of sonic booms to a gentle thump.

Next, the aircraft will complete ground tests including engine-run and taxi tests before its next major milestone, first flight, later this year. After the aircraft is validated in initial flight tests, it will move into the acoustic testing phase. This phase will include flights over populated areas to provide U.S. and international regulators with statistically valid data required to help approve new rules that could allow quiet commercial supersonic flight over land. This would cut commercial flight times to half of what they are today, transforming travel for people around the world.

Forward-Looking Statements

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

November 16, 2023 / WIL BALDWIN

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 448^thSupply 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.

Korean Air now using RTX to improve predictive maintenance

November 8, 2023 / WIL BALDWIN

Collins Aerospace Ascentia^® tool to be installed on Korean Air 787 Fleet

Charlotte, North Carolina, November 8, 2023, PRNewswire – Collins Aerospace, an RTX business (NYSE: RTX), announced today that its Ascentia^® Prognostic and Health Management (PHM) solution has been selected by Korean Air Lines Co. (Seoul: 003490) for use on its growing Boeing (NYSE: BA) 787 fleet.

The cloud-based solution uses advanced data analytics and machine learning algorithms to help airlines improve maintenance operations and increase aircraft reliability. Analyzing flight data and maintenance records in real-time allows Ascentia to help predict potential maintenance issues and provide recommendations for corrective actions, improving aircraft availability and reducing unscheduled downtime.

Collins Aerospace’s Ascentia solution is currently in use by several major airlines around the world. Equipping KAL’s Boeing 787 fleet with Ascentia represents a significant milestone as Collins Aerospace expands its presence in the Asia-Pacific region.

Forward-Looking Statements

Southwest Airlines orders additional 108 Boeing 737 MAX jets

October 26, 2023 / WIL BALDWIN

Seattle, Washington, October 26, 2023, PRNewswire – Boeing (NYSE: BA) and Southwest Airlines (NYSE: LUV) announced today the carrier is increasing its commitment to the fuel-efficient 737 MAX family with an order for 108 737-7s. The new deal supports Southwest’s modernization strategy and provides flexibility to expand its fleet.

The 737 family has long served Southwest by helping fuel the airline’s continued growth. Southwest has placed over 300 orders for the 737-7, growing its orderbook to more than 500 737 MAX jets. Once certified, the 737-7 will join the carrier’s all-Boeing 737 fleet.

The 737-7 has the longest range in its class, capable of flying up to 3,800 nautical miles and carrying up to 172 passengers. The enhanced environmental performance of the 737 MAX allows carriers to reduce fuel use compared to the previous generation of airplanes. The 737 MAX is also quieter, creating a smaller noise footprint than older jets it replaces.

As a leading global aerospace company, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. As a top U.S. exporter, the company leverages the talents of a global supplier base to advance economic opportunity, sustainability and community impact. Boeing’s diverse team is committed to innovating for the future, leading with sustainability, and cultivating a culture based on the company’s core values of safety, quality and integrity. Join our team and find your purpose at boeing.com/careers.

RTX, Rafael plan new missile production facility in Camden, Arkansas

October 26, 2023 / WIL BALDWIN

East Camden, Arkansas, October 26, 2023, PRNewswire – Raytheon, an RTX (NYSE: RTX) business, in partnership with Rafael Advanced Defense Systems, will build a manufacturing facility in East Camden, Arkansas to produce the Tamir missile for the Iron Dome Weapon System and its U.S. variant, SkyHunter^®.

Through the established Raytheon-Rafael Area Protection Systems joint venture, the companies have committed to a $33 million capital investment to establish the new facility. Once operational, the facility will produce missiles for the U.S. Marine Corps and other allied partners.

Raytheon and Rafael have teamed for over a decade on Iron Dome, which has more than 5,000 operational intercepts and a success rate exceeding 90%. The U.S. version of the Iron Dome Weapon System’s Tamir, SkyHunter, is a medium-range air defense weapon designed to counter a range of threats, including cruise missiles, manned and unmanned aircraft, rockets, artillery and mortars. SkyHunter missiles will be produced for the U.S. Marine Corps Medium Range Intercept Capability, or MRIC, program.

The joint venture plans to break ground on the new facility before the end of the year with the intent to begin missile production in 2025.

Boeing Business Jets unveils premium cabin options for VIP jets

October 16, 2023 / WIL BALDWIN

Las Vegas, Nevada, October 16, 2023, PRNewswire – Boeing Company (NYSE: BA) Business Jets (BBJ) customers have a new way to customize cabin interiors for the BBJ 737-7, reducing costs and accelerating delivery of new VIP jets, the company announced today. With BBJ Select, Boeing is offering a wide range of pre-designed cabin layouts and configurations to expedite installation, while lowering the total purchase price of the airplane. The company shared its new BBJ Select premium interiors at the National Business Aviation Association & Business Aviation Convention & Exhibition (NBAA-BACE) in Las Vegas.

From guest rooms and private offices to family rooms and VIP passenger seating configurations, customers select modules for each section of the airplane. In all, BBJ Select offers 144 unique modular cabin combinations in three different color palettes, covering the spectrum of personal, business and head-of-state airplane requirements.

Designed in collaboration with award-winning business jet completion centers Aloft AeroArchitects and Greenpoint Technologies, BBJ Select layouts eliminate costs for one-time engineering and related work for the installation of a clean sheet cabin design. To simplify the purchase experience, customers sign one contract with Boeing and the company oversees the design, build and delivery of the fully outfitted VIP aircraft.

BBJ Select cabins are exclusively available for the BBJ 737-7, the newest member of the BBJ 737 MAX family. With an unmatched combination of globe-spanning range, superior cabin space and best-in-class operating economics, the BBJ 737-7 can fly passengers over 15 hours non-stop while reducing fuel use and emissions compared to previous generation business jets. Built for daily flights, BBJs provide far higher reliability and retain more residual value compared to competitors.

TAAG Angola Airlines to renew fleet with Boeing 787 Dreamliners

October 10, 2023 / WIL BALDWIN

Luanda, Angola, October 10, 2023, PRNewswire, – Boeing (NYSE: BA) and TAAG Angola Airlines announced today that the African carrier is adding the highly fuel-efficient 787 Dreamliner to its fleet with an order for four widebody jets.

TAAG Angola Airlines currently flies five 777-300ER (Extended Range) jets, three 777-200ER’s and seven 737-700’s to 12 destinations across Africa, Europe, South America and China.

Boeing’s Commercial Market Outlook for Africa projects that the continent will need 1,025 airplanes over the next two decades. Overall African air traffic growth is forecast at 7.4%, the third highest among global regions and above the global average growth of 6.1%.

Since revenue service began in 2011, the 787 family has launched more than 370 new nonstop routes around the world. The 787 Dreamliner reduces fuel use and emissions by 25% compared to the airplanes it replaces. Passengers enjoy a better experience with the largest windows of any jet, air that is more humid and pressurized at a lower cabin altitude for greater comfort, large overhead bins, soothing LED lighting, and technology that senses and counters turbulence for a smoother ride.

Allegiant Airlines secures financing for Airbus a320 ceo and Boeing 737 MAX aircraft

October 6, 2023 / WIL BALDWIN

Las Vegas, Nevada, October 3, 2023, PRNewswire – Allegiant Travel Company (NASDAQ: ALGT) announces financing commitments for seven Airbus A320 and four Boeing 737 MAX aircraft from BNP Paribas, Europe’s leading bank, and Jackson Square Aviation (JSA), a leading global commercial aircraft lessor.

The innovative $412M deal combines banking and lessor capital to secure Allegiant’s aircraft financing needs into the second quarter 2024, while providing the airline with healthy liquidity at an attractive cost in today’s market.

Allegiant has drawn down $196 million on September 29, and the remainder will be drawn commensurate with its initial 737 MAX deliveries.

Allegiant currently operates an all-Airbus fleet comprised of 127 Airbus A319’s and A320’s.

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