Tag: supported

Saab offers four Expeditionary Submarines to the Netherlands

July 28, 2023 / WIL BALDWIN

July 28, 2023 – Supported by Sweden and the United Kingdom, Saab (OTC: SAABF) has today submitted its proposal for the replacement of Netherland’s current submarines. The proposal comprises four advanced Expeditionary Submarines with the latest innovations and technologies and includes a cooperation with Dutch shipbuilder Damen Shipyards Group.

Saab’s offered solution is based on a successful, proven and future-proof design. It will incorporate the latest capabilities and technologies, whilst its truly modular design will allow for new technologies as they evolve to ensure relevance for many years to come.

Saab and Dutch shipbuilder Damen Shipyards Group have cooperated since 2015 and the offer to build submarines to replace the Dutch Walrus-class is a balanced cooperation between the Netherlands and Sweden.

The C718 is an advanced Expeditionary Submarine that offers an unsurpassed level of endurance and exceeds the Royal Netherlands Navy needs for long-distance operations, sufficient accommodation, crew comfort and increased weapon payload capability.

Sweden, through Saab’s business area Kockums, has a long tradition in producing world class submarines. Four nations are currently operating submarines and submarine technology designed by Saab’s business area Kockums; Sweden, Australia, Japan and Singapore.

SpaceX Targets Thursday, October 1 for Falcon 9 Launch

September 30, 2020 / WIL BALDWIN

SpaceX is targeting Thursday, October 1 at 9:17 a.m. EDT for a Falcon 9 launch of 60 Starlink satellites from Launch Complex 39A (LC-39A) at Kennedy Space Center in Florida.

Falcon 9’s first stage previously supported launch of Crew Dragon’s first flight to the International Space Station with NASA astronauts onboard and the ANASIS-II mission. Following stage separation, SpaceX will land Falcon 9’s first stage on the “Of Course I Still Love You” droneship, which will be stationed in the Atlantic Ocean. One of Falcon 9’s fairing halves supported two previous Starlink launches.

The Starlink satellites will deploy approximately 1 hour and 1 minute after liftoff.

Virgin Atlantic Airline Files for US Bankruptcy Protection

August 6, 2020 / WIL BALDWIN

NEW YORK — Virgin Atlantic, the airline founded by British businessman Richard Branson, filed Tuesday for protection in U.S. bankruptcy court as it tries to survive the virus pandemic that is hammering the airline industry.

The airline made the Chapter 15 filing in U.S. federal bankruptcy court in New York after a proceeding in the United Kingdom.

A spokeswoman for Virgin Atlantic said the bankruptcy filing is part of a court process in the United Kingdom to carry out a restructuring plan that the airline announced last month. The process is supported by a majority of the airline’s creditors, and the company hopes to emerge from the process in September, she said.

Click the link below for the full story!

https://www.foxbusiness.com/markets/virgin-atlantic-airline-bankruptcy-protection

Airbus to Furlough 3,200 Staff at Broughton Factory in Wales

April 28, 2020 / WIL BALDWIN

LONDON (Reuters) – Airbus <AIR.PA> will furlough around 3,200 staff at its Broughton factory in Wales, the European planemaker said on Monday after it warned staff that the coronavirus crisis had put its survival at stake.

Airbus has given its starkest assessment yet of damage from the crisis, telling the company’s 135,000 employees to brace for potentially deeper job cuts as it grapples with the impact of the COVID-19 pandemic on the aerospace sector.

Earlier this month, the group said it would furlough some 3,000 French workers by tapping a government-backed scheme for four weeks.

“Airbus confirms it has agreed with its social partners to apply the government’s Job Retention Scheme for approximately 3,200 production and production-support employees at its commercial aircraft site in Broughton,” it said in a statement.

Britain’s job retention scheme allows employers to furlough staff and claim cash grants up to 80% of wages, capped at 2,500 pounds per worker.

Airbus will top up gross salaries to bring pay up to 85-90% of pay, in accordance with an agreement signed with trade union representatives.

The deal affects the majority of the production and production support teams in Broughton, the north Wales factory which assembles wings.

Furlough periods will be staggered, with all starting in the next three weeks and lasting for at least three weeks.

The move does not affect Airbus’ 3,000 staff in Filton, western England, where wings are designed and supported.

(Reporting by Alistair Smout; editing by Stephen Addison)

Rolls-Royce Scraps Dividend & Targets Due to Coronavirus

April 6, 2020 / WIL BALDWIN

(Reuters) – British aero-engine maker Rolls-Royce will abandon its targets on profits, cash and deliveries, and suspend its dividend, as airlines around the world ground planes due to the coronavirus outbreak, the Financial Times reported late on Sunday.

Rolls-Royce is also aiming to announce new credit facilities in excess of 1 billion pounds ($1.22 billion) to bolster liquidity, the newspaper said https://on.ft.com/2ULsL7q.

Rolls-Royce, which makes engines for large civil and military planes, has been hit hard by the pandemic as its airline customers park hundreds of planes.

In March, engine flying hours were down by about 40%, the newspaper said, citing a source. The company is paid by airlines based on how many hours its engines fly.

At the end of February, Rolls Royce had forecast 2020 free cash flow of 1 billion pounds, excluding any material impact from COVID-19. The group will ditch that pledge, the FT said.

The dividend payment of 11.7 pence per share, which has been frozen since 2016, will also be suspended, the newspaper added.

Rolls-Royce declined to comment.

In addition, the FT said the company on Monday will reopen its civil aerospace facilities in the UK with a fraction of the normal workforce, after suspending operations in March.

The company could also eventually furlough some 50% of its 7,500 UK shop-floor workers, with wages supported by government subsidy, two sources told the newspaper.

(Reporting by Bhargav Acharya in Bengaluru; Editing by Daniel Wallis and Richard Pullin)

Rolls Royce engine of the first Fiji Airways A350 XWB airliner is seen at the aircraft builder’s headquarters of Airbus in Colomiers near Toulouse

The SpaceX Starlink Mission

January 7, 2020 / WIL BALDWIN

On Monday, January 6 at 9:19 p.m. EST, or 2:19 UTC on January 7, SpaceX launched its third launch of Starlink satellites from Space Launch Complex 40 (SLC-40) at Cape Canaveral Air Force Station, Florida.

Falcon 9’s first stage supported a Starlink mission in May 2019, the Iridium-8 mission in January 2019, and the Telstar 18 VANTAGE mission in September 2018. Following stage separation, SpaceX landed Falcon 9’s first stage on the “Of Course I Still Love You” droneship, which was stationed in the Atlantic Ocean. You can watch a replay of launch below and learn more about the mission in our press kit.

Click here for the Starlink Mission YouTube video!

Iranian General Soleimani Killed in Airstrike on Baghdad Airport

January 3, 2020 / WIL BALDWIN

President Trump accused Iranian general Qassem Soleimani of planning “imminent and sinister attacks” Friday in his first televised remarks since the deadly airstrike that killed the general at Baghdad’s international airport.

“We took action last night to stop a war,” Trump said during brief remarks at his Mar-a-Lago resort in Florida. “We did not take action to start a war.”

Without divulging details about what led to the early morning airstrike that killed Soleimani and nine others, the president said the United States “caught” the general “in the act and terminated him.”

“Soleimani made the death of innocent people his sick passion,” Trump added, saying that “what the U.S. did yesterday should have been done long ago.”

The killing of Soleimani, the head of Iran’s elite Quds Force, marks a major escalation in the standoff between Washington and Tehran, which has careened from one crisis to another since Trump withdrew from the 2015 nuclear deal and imposed crippling sanctions.

Senior State Department officials described the killing as a defensive strike supported by solid intelligence and claimed Soleimani was planning imminent attacks against United States interests and personnel in the region.