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Garmin signs purchase agreement to acquire JL Audio Solutions

Olathe, Kansas, August 7, 2023, PR Newswire – Garmin Ltd. (NYSE: GRMN), today announced it has entered into a definitive agreement to acquire JL Audio, a privately-held U.S. company that designs and manufactures audio solutions for marine, aftermarket automotive, powersports, home and RV customers.

With over four decades of experience, JL Audio offers premium audio products and accessories, including speakers, amplifiers, subwoofers and other audio components.

JL Audio is headquartered in Miramar, Fla., and employs more than 600 associates. The completion of this acquisition is expected to occur by the end of 2023 and is subject to customary regulatory approvals and closing conditions. All existing JL Audio products will continue to be supported post-closing, and customers can expect to continue receiving the same great customer service. Financial terms of the acquisition will not be disclosed.

Viva Aerobus signs Memorandum of Understanding for 90 Airbus A321neo aircraft

Mexico City, July 8th, 2023.- Viva Aerobus has signed a Memorandum of Understanding (MoU) for 90 Airbus (OTC: EADSY) A321neo aircraft. This is the third order Viva has completed with the European manufacturer, thus maintaining a single fleet of A320 family aircraft. The airline’s order book has now reached 170 Airbus aircraft which provides flexibility to continue growing and renewing its fleet, upholding it as one of the youngest in the Americas.

The A321neo offers 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 compared to previous single-aisle generation aircraft, while maximizing passenger comfort with the widest single-aisle cabin and large overhead stowage space.

The GTF engine uses a revolutionary geared fan technology that allows each part of the engine to spin at optimum speed, delivering the highest fuel efficiency and lowest greenhouse gas emissions.

These 90 Airbus A321neo aircraft powered by GTF engines will drive Viva’s domestic and international growth plans. This is particularly important since Mexico is expected to recover the US Federal Aviation Administration’s (FAA) Category 1 rating in the coming months. It is also very relevant given the commercial alliance Viva signed with US carrier Allegiant back in December 2021, which will give more people access to new non-stop air transport between Mexico and the US.

Loft Orbital Signs Agreement to Procure Over 15 Airbus Arrow Satellite Platforms

Airbus (OTC: EADSY) has been contracted to supply space start-up Loft Orbital with more than fifteen satellite platforms derived from the Airbus Arrow platform.  Arrow is the foundational satellite platform of the OneWeb constellation. There are 394 Airbus Arrow platforms in orbit for the OneWeb constellation and a further 254 are being produced to complete the 648 spacecraft required by OneWeb. With this acquisition, Loft Orbital confirms its intention to make the Airbus Arrow platform a true workhorse enabling its service business model.

Loft Orbital offers a true end-to-end service enabling customers to rapidly deploy and operate their payloads on reliable high-performance satellites at an unprecedented simplicity and affordability. Loft Orbital has also contracted Airbus to modify the Arrow platform to make it suitable for a wider range of longer lifetime missions and applications. Loft Orbital has offices both in the USA and France, being based in the heart of Silicon Valley in San Francisco, and in the European space capital Toulouse, and intends to continue rapidly growing its French presence following this contract relationship with Airbus.

The improvements to the Arrow platform, including all the engineering, qualification, test, and production of the first few spacecraft will be performed by Airbus in Toulouse. The production at scale of the remaining Arrow-derived platforms will be performed by Airbus OneWeb Satellites (AOS).

Airbus Space’s strategy of Next Space will seek further engagement with new players in the space ecosystem to ensure that sustainability and reliability in the LEO space environment is guaranteed for the future.

Spanish Ministry of Defense Signs Deal for 36 Airbus H135 Helicopters

Marignane, France – The Spanish Ministries of Defense and Interior have ordered 36 Airbus (OTC: EADSY) H135 helicopters. This signature takes place in the context of the stimulus plan activated by the Spanish government to support the industry.  The Ministry of Defence will receive 18 helicopters to be operated by the air force and the navy while the Ministry of Interior will also take delivery of 18 helicopters to be operated by the National Police and the Guardia Civil. The deliveries will start next year. 

The Spanish Army already operates a fleet of 16 H135 helicopters. With this acquisition, these will be the Spanish Air Force’s first H135’s and the Spanish Navy’s first Airbus Helicopters product. As was the case for the H135’s acquired some time ago by the army, the new aircraft for the air force and navy will replace older helicopter models currently used for advanced pilot training. The standardisation of training fleets across the three armed forces will create synergies and lead to the implementation of new and more efficient training and support activities.

The Ministry of Interior currently has a fleet of 31 helicopters from the H135 family in operation with the National Police, the Guardia Civil, and Tráfico. The new helicopters will enable the Policía and Guardia Civil to replace the BO105 helicopters in a wide range of missions including law enforcement, surveillance, and rescue activities.

Singapore Airlines Selects the Airbus A350F Freighter

Toulouse, France December 15, 2021 – Singapore Airlines (OTC: SINGY) has signed a Letter of Intent (LoL) with Airbus for seven A350F freighter aircraft. The agreement will see the A350F begin replacing the airline’s existing B747-400F fleet in the fourth quarter of 2025.

Earlier this year Airbus received Board of Directors approval for a freighter derivative of the A350 designed to meet the imminent wave of large freighter replacements and the evolving environmental requirements, shaping the future of airfreight. The A350F will be powered by latest technology, fuel-efficient Rolls-Royce Trent-XWB97 engines. 

The A350F will have a high level of commonality with the A350 passenger versions. With a 109 ton payload capability, the  A350F will serve all cargo markets. The aircraft features a large main deck cargo door, with its fuselage length and capacity optimised around the industry’s standard pallets and containers. 

Over 70% of the airframe will be made of advanced materials, resulting in a 30 tonne lighter take-off weight and generating at least 20% lower fuel consumption and emissions over its current closest competitor. The A350F will fully meet ICAO’s enhanced CO₂ emissions standards coming into effect in 2027.

Singapore Airlines is the world’s largest operator of the A350, with 56 aircraft currently in service across its network. The agreement with Singapore Airlines is the third commitment received for the new A350F over the past month.

Alstom Signs Contract to Supply Metropolis Trains to the City of Santo Domingo

Santo Domingo, August 23, 2021  Alstom will manufacture, supply and commission eight (8) new three-car Metropolis trainsets for Line 1 of the Santo Domingo Metro serving the capital of the Dominican Republic. The international public tender, managed by the Oficina Para el Reordenamiento del Transporte (OPRET), and financed by the Agence française de développement, is a priority project for infrastructure development in Santo Domingo and to increase the transportation capacity of the country’s capital city. 

Line 1 of the Santo Domingo metro, conceived to improve mobility in the north-centre-south city corridor, serves 16 stations across 14.5 kilometres. The new trains that Alstom is supplying will be able to operate in multiple units, coupled with each other or with the trains of the fleet previously acquired by OPRET, allowing capacity to be adapted to demand: 6-car configurations at peak times and 3-car configurations at off-peak times.

The new trains will have the same features, functionalities and characteristics of the Metropolis trains that currently operate in the Santo Domingo Metro, such as wide doors, wide corridors and a low floor for an optimal flow of passengers. In addition, the new trainsets will have additional features and technological improvements to enhance the passenger experience and optimize operations and availability, including LED lighting in the passenger area, Wi-Fi connection for the uploading of multimedia files and data transmission to the control unit, as well as improvements in the passenger information and alert system, train control and self-diagnosis systems.

The new trains will be manufactured at Alstom’s plant in Santa Perpetua, Barcelona, Spain, and the first two trains will arrive at the port of Santo Domingo approximately 18 months from the signing of the contract. These new trains will join the 25 Metropolis trains that Alstom previously supplied to Santo Domingo Metro for Line 1 and the 21 Metropolis trains supplied for Line2, since 2009, for a total of 138 cars.

Globally, more than 6,000 Metropolis cars have been sold across the globe, including to cities such as Barcelona, Amsterdam, Mumbai, Chennai, Montreal, Singapore, Buenos Aires, Lima and Santiago de Chile.

Alstom Signs Framework Agreement to Supply Coradia Regional Trains to Trenitalia

  • €910 million framework agreement: 150 regional trains + maintenance 
  • Coradia Stream: State-of-the-art electric multiple unit 
  • ERTMS onboard: the highest European safety standard

Alstom has been awarded a framework contract to supply Trenitalia with 150 Coradia Stream regional trains for a total value of around €910 million. 

The trains will have a maximum speed of 160 km/h and will be equipped with state-of-the-art onboard equipment that ensures the highest levels of safety and first-rate passenger experience.

Embraer Signs Major Services and Support Agreement with Porter Airlines

After unveiling plans for a major expansion in North America with a firm order for 30 E195-E2 jets, with purchase rights for a further 50 aircraft, Porter Airlines has signed a major aftermarket support package contract with Embraer. The Total Support Program (TSP) agreement includes airframe heavy maintenance checks, technical solutions, and access to the Pool Program, which includes component exchanges and repair services for hundreds of reparable items for Porter’s E2 fleet of commercial aircraft, for up to 20 years. Currently, the Pool Program supports more than 50 airlines worldwide.

The Pool Program services will be provided by Embraer Aircraft Customer Services (EACS) in Fort Lauderdale, Florida, while the heavy maintenance services will be performed by Embraer Aircraft Maintenance Services (EAMS) in Nashville, Tennessee. In the coming months, Embraer will work with Porter in order to provide services related to the aircraft entry into service (EIS) process, which includes technical training, spare parts recommendations, and provisioning services.

Porter Airlines will be the North American launch customer for Embraer’s E-Jets E2 family of commercial aircraft. Porter’s investment is set to disrupt the Canadian aviation landscape by enhancing competition, elevating passenger service levels and creating as many as 6,000 new jobs. Porter intends to deploy the E195-E2s to popular business and leisure destinations throughout Canada, the United States, Mexico and the Caribbean, from Ottawa, Montreal, Halifax and Toronto Pearson International Airport.

Porter’s first delivery and entry into service is scheduled to start in the second half of 2022. The E195-E2 accommodates between 120 and 146 passengers. Configuration plans for Porter’s E2s will be revealed in due course.

Alstom Leads Way for Automated Train Operation in Stuttgart Network

Alstom (OTC: ALSMY) has signed a contract with Germany’s Baden-Wuerttemberg State Institute for Rail Vehicles (SFBW) to retrofit 118 regional trains with the European Train Control System (ETCS) Automatic Train Operation (ATO) digital signalling technology. Part of the Stuttgart Digital Node lighthouse project, the contract is valued at approximately 130 million euro1 and includes an innovation cooperation agreement software maintenance contract and a contract for further maintenance.

In addition to the recently announced S-Bahn project, the new retrofit project covers 118 trains that SFBW operates on the high-traffic Stuttgart network. The trains come from several different suppliers and will be upgraded with the European Train Control System (ETCS) Level 2 and 3 as well as Automatic Train Operation (ATO) level 2 (GoA2) technology. The initial upgrade project will be completed by 2024 and the subsequent upgrade, according to the European Technical Specifications for Interoperability 2022, will be completed by 2027. 

While ATO technology has already been implemented in metros and urban rail lines in cities like Paris, the highly automated operation (GoA 2) is now being used for the first time in Germany on the basis of ETCS Level 2 in the Stuttgart Digital Node.  When completed in 2024, the new signalling technology will increase capacity and frequency on the Stuttgart network while also making the trains performance more sustainable.

As part of the agreed innovation cooperation, Alstom and SFBW will also define the requirements for Train Integrity Monitoring (TIM), Future Railway Mobile Communication System upgrade capability, Train Capability and for Open CCS On-board Reference Architecture (OCORA). The implementation of the developed requirements by Alstom is part of the contract, as is the software maintenance of the regional trains.

The project is being carried out by the Alstom signalling site in Berlin, Germany, in close cooperation with the ETCS competence center in Charleroi, Belgium. Other locations involved in the various project phases are Braunschweig, Salzgitter, Mannheim and Hennigsdorf in Germany as well as Bangalore, India, Bucharest, Romania and Lyon-Villeurbanne, France. The series installation will take place close to Stuttgart or in Hennigsdorf.

Germany Signs Up for Five Boeing P-8A Poseidon Aircraft

BERLIN, Germany June 30, 2021 — The German Ministry of Defense today signed a letter of offer and acceptance for five Boeing (NYSE: BA) P-8A Poseidon aircraft under the U.S. government’s Foreign Military Sales (FMS) process. With this order, Germany becomes the eighth customer of the multimission maritime surveillance aircraft, joining the United States, Australia, India, the United Kingdom, Norway, Korea and New Zealand.

The P-8A Poseidon offers unique multimission capability and is the only aircraft in service and in production that meets the full range of maritime challenges faced by European nations. Deployed around the world with more than 130 aircraft in service, and over 300,000 collective flight hours, the P-8A is vital for global anti-submarine warfare, intelligence, surveillance and reconnaissance and search-and-rescue operations.

German companies that already supply parts for the P-8A include Aljo Aluminum-Bau Jonischeit GmbH and Nord-Micro GmbH. Recently, Boeing signed agreements with ESG Elektroniksystem-und Logistik-GmbH and Lufthansa Technik to collaborate in systems integration, training, support and sustainment work. By working with local suppliers, Boeing will provide support, training and maintenance solutions that will bring the highest operational availability to fulfill the German Navy’s missions.

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 and living the company’s core values of safety, quality and integrity.

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