Tag: signed (Page 1 of 5)

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

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.

Saab and Boeing sign 787 Dreamliner agreement

September 6, 2023 / WIL BALDWIN

Saab (OTC: SAABF) has signed an extension agreement with Boeing (NYSE: BA) for the manufacturing of large cargo doors, bulk cargo doors and access doors for the Boeing 787 Dreamliner.

The framework agreement is an extension of an existing contract signed with Boeing in 2004 for the 787 Dreamliner program.

Since the programme started, Saab has delivered in excess of 1,100 shipsets for the Boeing 787 Dreamliner programme.

Saab has a long experience in supplying major aerostructures for military as well as commercial aircraft programmes. Like many other major 787 structures, the doors will be mainly made of composite materials. A range of systems are built into the doors’ composite structures, providing Boeing with lightweight doors that are easy to install.

Dassault Aviation announces second tranche of 18 Rafale’s for Indonesia enters order backlog

August 11, 2023 / WIL BALDWIN

Saint-Cloud, France, August 10, 2023 – Dassault Aviation (AM.PA) announces, as part of the contract signed by Indonesia on February 2022 for the acquisition of 42 Rafale, the second tranche of 18 Rafale came into force today. This follows the entry into force in September 2022 of the first tranche of 6 Rafale, bringing the total number of aircraft on order to 24.

The acquisition of the latest-generation Rafale for the Tentara Nasional Indonesia Angkatan Udara (Indonesian National Army Air Force) includes a complete “turnkey” solution as well as a substantial industrial return for the Indonesian aeronautical sector. Educational projects will also be launched as part of the technical training of aeronautical know-how.

The “omnirole” Rafale is a unique asset that will ensure Indonesia’s sovereignty and operational independence and reinforce its role as a major regional power.

Embraer deliveries increase 47% in second quarter 2023

August 6, 2023 / WIL BALDWIN

Sao Jose dos Campos, Brazil, August 3, 2023 – Embraer (NYSE: ERJ) delivered a total of 47 jets in the second quarter of 2023, of which 17 were commercial aircraft and 30 were executive jets (19 light jets and 11 midsize jets). During the year, the company delivered a total of 62 aircraft (24 commercial and 38 executive). The second quarter deliveries were 47% higher than in the same period from 2022. In the first half of 2023, the volume has increased 35% compared to 2022, when 46 jets have been delivered. Compared to the second quarter of 2022, deliveries volume increased by 55% in Commercial Aviation and 43% in Executive Jets. The firm order backlog ended the period at US$ 17.3 billion.

In Commercial Aviation, American Airlines signed a firm order with Embraer for seven new E175’s. The aircraft will be operated by the subsidiary Envoy Air. With deliveries to begin 4Q23, Envoy’s fleet of E-Jets will grow to over 141 aircraft by the end of 2024. Embraer also received a firm order from Binter for six E195-E2’s, which will bring Binter’s E2 fleet to 16 jets when deliveries are completed. Four E175’s also began operations with Star Air, an Indian airline that already operates E-Jets. Star Air has also extended its Pool Program contract to include the E175’s in its fleet

Malaysia’s SKS Airways closed an agreement to add ten E195-E2 jets to its fleet. In addition, SKS joined the Pool Program to support aircraft to be operated in Southeast Asia. Scoot, a low-cost subsidiary of Singapore Airlines, is also adding nine E190-E2’s to its portfolio. And Royal Jordanian Airlines reached an agreement to introduce eight E190-E2 and E195-E2 jets into its operations, with deliveries starting in the 4Q23. All three agreements involved contracts with the leasing company Azorra.

Aerial view of the Singapore landmark financial business district at twilight sunset scene with skyscraper and beautiful sky. Singapore downtown

In Executive Aviation, NetJets signed a contract with Embraer for the acquisition of up to 250 Praetor 500 jet options. The deal is valued at more than US$ 5 billion, and deliveries are expected to begin in 2025.

Wizz Air orders a further 75 A321neo Family aircraft

August 2, 2023 / WIL BALDWIN

Toulouse, France, August 2, 2023 -Wizz Air (OTC: WZZZY), the fastest growing European ultra-low-cost airline, has signed a firm contract for an additional 75 Airbus (OTC: EADSY) A321neo Family aircraft, taking its total order for the largest member of the Airbus single aisle to 434, and for Wizz’s A320 Family overall to 565 aircraft.

Wizz Air is an all Airbus operator with a fleet of over 180 A320 Family aircraft currently in operation.

The A321neo is the largest member of Airbus’ A320neo Family, offering unparalleled range and performance. By incorporating new generation engines and Sharklets, the A321neo brings a 50 percent noise reduction and more than 20 percent fuel savings and CO2 reduction compared to previous generation single-aisle aircraft, while maximizing passenger comfort in the widest single-aisle cabin in the sky. To date nearly 5,200 A321neos have been ordered by customers across the globe.

Akiem orders 15 locomotives from Siemens increasing fleet to 100 Vectrons

July 31, 2023 / WIL BALDWIN

Akiem, a leading European rolling stock leasing company, has ordered an additional 15 Siemens (OTC: SIEGY) Vectron AC and Vectron MS locomotives from Siemens Mobility. The order was placed as part of a framework agreement for the purchase of locomotives that was signed in December 2021. Locomotives from this new call will be delivered between 2025 and 2027. Akiem previously ordered 20 Vectron locomotives from Siemens Mobility in December 2021 and an additional 65 units last August.

The ordered locomotives have a maximum power of 6.4 megawatts and can be delivered with a top speed of either 160 or 200 km/h. They can be used for cross-border freight transport as well as fast passenger service in a number of European countries.

To date, Siemens Mobility has sold more than 1,800 Vectron locomotives to 66 customers in 16 countries, and the fleet has covered over 750 million kilometers in service. Locomotives based on the Vectron platform have been approved for operation in 20 European countries.

OBB orders another 35 new double-decker multiple units from Stadler

July 10, 2023 / WIL BALDWIN

Austrian Federal Railways (OBB) is once again ordering 35 new KISS double-decker multiple units from Stadler Rail AG (SWISS: SRIAF). In addition to 14 trains for long-distance services, Stadler is also supplying 21 KISS vehicles for local transport. The order is part of the framework agreement signed in 2022 for up to 186 double-decker multiple units. Including the first call-off, 76 vehicles were thus ordered. Thanks to its high degree of innovation and generous space, the KISS has impressed customers in 14 countries.

ÖBB and Stadler are continuing the joint replacement of the Austrian local and long-distance transport fleet. Last year, OBB called off 41 KISS double-decker multiple units from a framework agreement for 186 trains. OBB and Stadler have signed the contract for exercising the next option with a volume of around 600 million euros. This comprises a total of 35 new double-decker multiple units, 14 of which are six-car trains for long- distance services and 21 are four-car KISS vehicles for local transport. The deployment of the new trains is planned in stages from mid-2026.

The KISS double-deck multiple units ordered as part of the first call-off in April 2022 will go into assembly on schedule and are scheduled for service in the eastern region as of 2026. For Stadler, it is a great vote of confidence and proof of the good cooperation that OBB is already calling off such a high number of further trains in this project phase.

Maximum capacity for tomorrow’s rail transport

Since 2010, the KISS has been successfully operating as a local or long-distance train with a high passenger capacity from Western Europe to the Caspian Sea – and soon also in the USA. Since the first delivery, 620 double-deck trains have been sold in 14 countries. Under a wide range of climatic conditions, in climates from Silicon Valley to Azerbaijan, from suburban trains to long-distance transport, the KISS cover hundreds of thousands of kilometers every day. Hardly any other double-decker vehicle concept demonstrates such flexibility.

Serbian Air Force and Air Defense Become New C295 Operator

February 24, 2022 / WIL BALDWIN

Getafe, Spain, February 23, 2022 – The Serbian Ministry of Defence has ordered two Airbus (OTC: EADSY) C295s and therefore the Serbian Air Force and Air Defense joins the family of C295 becoming the 36th operator worldwide.

The contract was signed in Madrid in the presence of senior government members of the Republic of Serbia and Spain. This contract will be accompanied by a Government-to-Government supervision agreement between the Ministries of Defence of Spain and the Republic of Serbia, which aims to study the development of future defence programmes between both nations. Airbus is committed to maintain and foster its close collaboration with the Republic of Serbia, which already operates Airbus military solutions.

The two aircraft, in transport configuration, will be equipped with the modern avionics suite Collins Aerospace Pro Line Fusion and will contribute to enhance the air transport capabilities of the Republic of Serbia.

Deliveries are expected to commence in late 2023.

With this order 33 countries have already relied on the Airbus C295. With a total of 281 orders worldwide and more than half a million flight hours in operation, this aircraft is the undisputed leader in its segment.

American Airlines to Expand Embraer Fleet

February 18, 2022 / WIL BALDWIN

São José dos Campos, Brazil, February 15, 2022 – American Airlines has signed a firm order with Embraer (NYSE: ERJ) for three new E175s. The aircraft will be operated by American’s wholly owned subsidiary, Envoy Air. With deliveries to be completed this year, Envoy’s fleet of E175s will grow to over 100 aircraft by the end of 2022. The contract value is USD 160.2 million at current list prices and will be included in Embraer’s 2021 fourth quarter backlog.

“Reaching the century mark of 100 E175s with American Airlines and Envoy is truly a moment to savor. We thank American Airlines and Envoy for their sustained partnership with Embraer, which began back in 1998,” said Mark Neely, Vice President Sales and Marketing for The Americas, Embraer Commercial Aviation. “It’s hard to exaggerate the impact this hardworking aircraft has every day, delivering essential connectivity across the US market. The E175 is the backbone of the US regional network, with over 600 aircraft sold, and 86% market share since 2013.”

“Our incredible journey with Embraer began almost 25 years ago with the ERJ 145. Our partnership continues to grow today with the E175s, the core of our fleet. Not only are our customers happy with the aircraft, but the jet’s outstanding performance has allowed us to continue to provide excellent service to American Airlines,” said Pedro Fábregas, President & CEO of Envoy. “We look forward to receiving these three new aircraft later this year as we continue to expand our growing network.”

JetBlue Orders 30 Additional Airbus A220-300 Raising Firm Order to 100

February 16, 2022 / WIL BALDWIN

JetBlue Airways (Nasdaq: JBLU) has signed a firm order with Airbus (OTC: EADSY) for an additional 30 A220-300 aircraft. This takes the airline’s firm commitment for the A220-300 to 100 aircraft. This latest agreement lifts the total firm order book for the A220 to 740.

Jetblue started A220-300 operations in April 2021 and currently operates eight A220s in a 140-seat configuration, with USB-C, USB-A and AC power at every seat. The A220 also offers the largest cabin, highest ceiling, biggest windows and most spacious overhead bins in its class.

The A220 is the only aircraft purpose-built for the 100-150 seat market, bringing together state-of-the-art aerodynamics, advanced materials and Pratt & Whitney’s latest-generation PW1500G geared turbofan engines. The A220 brings customers a 50% reduced noise footprint and up to 25% lower fuel burn per seat and CO2 emissions compared to previous generation aircraft, as well as around 50% lower NOx emissions than industry standards.

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