Tag: receive (Page 1 of 3)

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.

Embraer E195-E2 receives steep approach certification for London City Airport

November 11, 2023 / WIL BALDWIN

Sao Jose Dos Campos, Brazil, November 10, 2023 – The Embraer SA (NYSE: ERJ) most advanced jet aircraft the E195-E2, has received certification for Steep Approach into London City Airport from EASA (European Aviation Safety Agency). This achievement is a significant development, allowing airlines to operate the E195-E2 at London City Airport (LCY), known for its challenging approach and short runway. Together with the E190-E2, which received Steep Approach certification in 2021, both members of the E2 family are now approved for operations from LCY.

The certification process highlighted the E195-E2’s impressive noise reduction among new generation single-aisle aircraft. It surpasses the requirements of ICAO’s strict Chapter 14 regulation, thereby offering a significantly quieter flying experience compared to the previous E195 model. The E195-E2’s noise footprint at take-off is around 60% smaller than current jet aircraft, such as the E190, and will bring benefits to local residents in terms of noise reductions. The E195-E2’s environmental performance extends beyond noise reduction. The aircraft delivers reduced emissions and improved fuel efficiency compared to previous generation aircraft. In 2022, Embraer and Pratt & Whitney demonstrated a successful test flight of an E195-E2 aircraft using 100% Sustainable Aviation Fuel (SAF), which could push the emissions reduction up to 85% in future.

During a proving flight, the E195-E2 first landed at the airport in July 2022. LCY, London’s most central airport, caters to both business and leisure passengers, offering quick access to continental Europe, making it a preferred choice for short-haul flights. The airport is a vital component of London’s wider connectivity and Embraer aircraft are uniquely able to manage the challenges of LCY operations, with Embraer aircraft accounting for a large proportion of LCY operations on routes as diverse as Edinburgh and Mykonos. To serve LCY, aircraft must comply with the steep approach, short runway, and stringent noise regulations. The E195-E2 could replace the current E190 fleet that existing airlines currently operate at LCY.

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.

Saab receives Carl-Gustaf order from Japan

October 20, 2023 / WIL BALDWIN

SAAB AB (Stockholm: SAABb) has received an order from the Japan Self-Defense Forces, JGSDF, for the supply of the man-portable, multi-role weapon system Carl-Gustaf^®. The order includes over 300 systems and deliveries will take place in 2025.

Carl-Gustaf is a man-portable multi-role weapon system that provides high tactical flexibility through its wide range of ammunition types. It is extremely light-weight, and has established itself as the main shoulder launched weapon in many countries. It has been in use with the Japan Self-Defense Forces since 1979.

Proven to deliver results on the battlefield, Carl-Gustaf provides the effectiveness soldiers need. The wide range of ammunition types for Carl-Gustaf makes it flexible and able to handle any situation, whether it is to defeat an armoured vehicle or structure, or illuminating the battlefield during night operations.

The Carl-Gustaf system has a long and distinguished history, which stretches back to 1948, and is now supplied to more than 40 countries around the world.

Marathon Airlines expands Embraer pool program agreement for seven E-Jets

October 18, 2023 / WIL BALDWIN

Amsterdam, Netherlands, October 18, 2023 – Embraer SA (NYSE: ERJ) announced that it has signed a contract amendment with Marathon Airlines for the Pool Program to include additional two E195s. Now, seven E-Jets will receive support for a wide range of repairable components – three E175, one E190, and three E195. The Greek airline started the Pool Program contract last year, with its first E175, and has seen steady fleet growth since. Currently, Embraer’s Pool Program supports more than 60 airlines worldwide.

Embraer provides support to airlines worldwide, with its technical expertise and its vast component services network. The results are significant savings in repair and inventory carrying costs and a reduction in warehousing space and resources required for repair management, while ultimately providing guaranteed performance levels. Embraer Services & Support’s portfolio offers a wide range of competitive solutions designed for each customer to support the growing fleet of Embraer aircraft worldwide and deliver the best after-sales experience in the global aerospace industry.

About Marathon Airlines

Marathon Airlines is an EASA-approved airline based in Greece providing customer-centric, safe, and reliable Wet Lease (ACMI) services to well-established EU carriers and Charter flights. We are also specialized in a range of solutions including private jet charter and aircraft management. The current fleet also includes 2 Legacy 600 aircraft.

For more information, visit www.flymarathon.aero.

Lockheed Martin unveils Slovakia’s first F-16 block 70 aircraft

September 10, 2023 / WIL BALDWIN

Greenville, South Carolina, September 7, 2023 – The first F-16 Block 70 aircraft for the Slovak Republic was unveiled at Lockheed Martin’s (NYSE: LMT) facility in Greenville, South Carolina, during a visit from the country’s Minister of Defence, Martin Sklenar.

The Slovak Republic will be the first European country to receive this newest and most capable version of the Fighting Falcon. The F-16 Block 70 aircraft will deliver decades of 21st Century Security capabilities in support of the Slovak Republic’s national security.

This F-16 Block 70 jet is the first of 14 to be delivered to the Slovak Republic.

ANA Receives Gold Class Recognition From S&P for Global Sustainability

March 7, 2021 / WIL BALDWIN

ANA-HOLDINGS-Receives-Gold-Class-Recognition-from-the-SP-Global-Sustainability-Awards-Press-Release-ANA-Group-Corp.s-Information

ANA Receives Gold Class Recognition from S&P Global Sustainability Awards

March 5, 2021 / WIL BALDWIN

TOKYO, March 5, 2021 – ANA HOLDINGS INC. (hereinafter “ANA HD”) is proud to announce that it has received the Gold Class distinction from the 2021 S&P Global Sustainability Awards, becoming the only company within the aviation industry to receive this recognition. ANA was previously named to S&P Global’s elite Gold Class tier in 2018 and 2019. This is the latest in a long line of ESG-related awards for ANA HD, with the company also being recognized by IATA, J-Win, and the Dow Jones Sustainability Index.

ANA HD was one of only 70 companies (including 6 Japanese companies) to earn Gold Class recognition from S&P Global out of the 7,032 companies that were considered, placing ANA in the top 1%. Companies are judged based on their contributions to the three aspects of economy, environment, and society, and are assigned Gold, Silver, or Bronze ratings that have a specifically strong track record.

ANA HD was selected as the only Gold Class company in the entire aviation industry in recognition of its outstanding environmental record as well as its prioritization of safety and quality across its full range of operations. ANA HD’s information management, and efforts to hire and retain human resources were also commended.

ANA Receives Gold Class Recognition from S&P Global Sustainability Awards

March 5, 2021 / WIL BALDWIN

TOKYO, March 5, 2021 – ANA HOLDINGS INC. (hereinafter “ANA HD”) is proud to announce that it has received the Gold Class distinction from the 2021 S&P Global Sustainability Awards, becoming the only company within the aviation industry to receive this recognition. ANA was previously named to S&P Global’s elite Gold Class tier in 2018 and 2019. This is the latest in a long line of ESG-related awards for ANA HD, with the company also being recognized by IATA, J-Win and the Dow Jones Sustainability Index.

*1 S&P Global:
One of the world’s leading financial service companies providing credit ratings, benchmarks in global capital and commodity markets, and providing detailed data and observations related to important business factors including ESG.

ANA Receives Gold Class Recognition from the S&P Global Sustainability Awards

March 5, 2021 / WIL BALDWIN

*1 S&P Global:
One of the world’s leading financial service companies providing credit ratings, benchmarks in global capital and commodity markets, and providing detailed data and observations related to important business factors including ESG.

ANA Receives Gold Class Recognition from S&P Global Sustainability Awards

March 5, 2021 / WIL BALDWIN

TOKYO, March 5, 2021 – ANA HOLDINGS INC. (hereinafter “ANA HD”) is proud to announce that it has received the Gold Class distinction from the 2021 S&P Global Sustainability Awards, becoming the only company within the aviation industry to receive this recognition. ANA was previously named to S&P Global’s elite Gold Class tier in 2018 and 2019. This is the latest in a long line of ESG-related awards for ANA HD, with the company also being recognized by IATA, J-Win and the Dow Jones Sustainability Index.

*1 S&P Global:
One of the world’s leading financial service companies providing credit ratings, benchmarks in global capital and commodity markets, and providing detailed data and observations related to important business factors including ESG.

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