Tag: refuel

Rolls-Royce Agrees to Sell AirTanker Stake to Equitix Investment Management Limited

September 14, 2021 / WIL BALDWIN

Rolls-Royce (OTC: RYCEY) announces the agreed sale of its 23.1% shareholding in AirTanker Holdings Limited to Equitix Investment Management Limited for cash proceeds of £189m, including the repayment of shareholder loans and accrued and deferred interest of approximately £47m, subject to any routine closing adjustments and before transaction costs. The transaction is expected to complete by the end of the first quarter of 2022, subject to regulatory approvals. There is no merger control condition. Proceeds will be used to reduce net debt. Remaining AirTanker shareholders have pre-emption rights over the Rolls-Royce shares and loan notes.

AirTanker Holdings Limited, a joint venture with Airbus, Babcock, and Thales, owns 14 A330-200 Voyager aircraft which are powered by Trent 772B engines, a derivative of the Trent 700 engine. The Voyager aircraft support air-to-air refuelling, air transport and ancillary services for the UK Ministry of Defence. This fleet is operated by AirTanker Services Limited, in which we will continue to be a 23.5% shareholder. We will also continue to provide servicing and maintenance for the fleet of Rolls-Royce engines that power the Voyager aircraft to support the Royal Air Force.

Navy and Boeing Complete First Unmanned Aircraft to Aircraft Refueling

June 8, 2021 / WIL BALDWIN

PRNewswire/ — For the first time in history, the U.S. Navy and Boeing [NYSE: BA] have demonstrated air-to-air refueling using an unmanned aircraft – the Boeing-owned MQ-25™ T1 test asset – to refuel another aircraft.

During a test flight on June 4, MQ-25 T1 successfully extended the hose and drogue from its U.S. Navy-issued aerial refueling store (ARS) and safely transferred jet fuel to a U.S. Navy F/A-18 Super Hornet, demonstrating the MQ-25 Stingray’s ability to carry out its primary aerial refueling mission.

During the initial part of the flight, the F/A-18 test pilot flew in close formation behind MQ-25 to ensure performance and stability prior to refueling – a maneuver that required as little as 20 feet of separation between the MQ-25 T1 air vehicle and the F/A-18 refueling probe. Both aircraft were flying at operationally relevant speeds and altitudes. With the evaluation safely completed, the MQ-25 drogue was extended, and the F/A-18 pilot moved in to “plug” with the unmanned aircraft and receive the scheduled fuel offload.

The milestone comes after 25 T1 flights, testing both aircraft and ARS aerodynamics across the flight envelope, as well as extensive simulations of aerial refueling using MQ-25 digital models. MQ-25 T1 will continue flight testing prior to being shipped to Norfolk, Virginia, for deck handling trials aboard a U.S. Navy carrier later this year.

The Boeing-owned T1 test asset is a predecessor to the seven test aircraft Boeing is manufacturing under a 2018 contract award. The MQ-25 will assume the tanking role currently performed by F/A-18s, allowing for better use of the combat strike fighters and helping extend the range of the carrier air wing.

Boeing Awarded Contract for 12 More KC-46 Tankers

January 14, 2021 / WIL BALDWIN

This week the U.S. Air Force awarded Boeing [NYSE: BA] a $1.7 billion contract for 12 KC-46A tanker aircraft. With this sixth production lot, Boeing is now on contract for 79 KC-46A tankers.

The company delivered the first KC-46A to the Air Force in January 2019. Since then, Boeing has delivered 42 tankers to four different bases. The next-generation KC-46 brings new capabilities and operational flexibility to the U.S. Air Force and international customers.

“The investments Boeing is making in the KC-46 today will benefit generations of service members,” said Jamie Burgess, Boeing KC-46 tanker vice president and program manager. “I believe the partnership between Boeing and the Air Force will also produce additional KC-46 innovations that will carry the warfighter well into the future.”

Boeing received its first two production lots from the U.S. Air Force, for seven and 12 aircraft, in August 2016. The third lot, for 15 aircraft, was awarded in January 2017; the fourth lot for 18 aircraft in September 2018 and the fifth lot for 15 aircraft in September 2019.

The KC-46A is a multirole tanker designed to refuel allied and coalition military aircraft compatible with international aerial refueling procedures. It’s also equipped to carry passengers, cargo and patients on any mission at any time.

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

For more information on Defense, Space & Security, visit www.boeing.com

Rolls-Royce Agrees to Sell AirTanker Stake to Equitix Investment Management Limited

Navy and Boeing Complete First Unmanned Aircraft to Aircraft Refueling

Boeing Awarded Contract for 12 More KC-46 Tankers

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