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.
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Dubai, UAE, 19 February 2024 — Emirates Flight Catering, one of the world’s largest catering operations, has fully acquired Emirates Bustanica, formerly called Emirates Crop One, and its consumer brand Bustanica, the world’s largest indoor vertical farm.
This strategic move establishes Emirates Bustanica as a fully UAE-owned company, helping sustain the country’s vision of enhancing food and water security and its agricultural capabilities.The acquisition empowers Emirates Bustanica to leverage its local expertise and the latest tech know-how to meet the growing demands of the market.
Located near Al Maktoum International Airport at Dubai World Central, Bustanica’s 330,000sqft facility has the capacity to grow more than 1 million kilograms of exceptional quality leafy greens a year, equivalent to 3 tonnes daily, while using 95% less water than conventional agriculture.
Operating under the brand name Bustanica, the produce is available across all major retailers in the UAE such as Spinney’s, Waitrose, Carrefour, and Choithrams. Customers on Emirates and other airlines enjoy this farm-fresh produce in their salads and meals.
Louisville, Colorado, January 9, 2024 – Sierra Space, a leading commercial space company building the first end-to-end business and technology platform in space to benefit life on Earth, announced today that it was honored in Built In’s 2024 Best Places to Work Awards, earning a place on 100 Best Large Places to Work in Colorado. The annual awards program evaluates companies of all sizes, from startups to established enterprises, and honors a wide range of companies in large tech markets across the United States.
Built In determines the winners of Best Places to Work by using company data about compensation packages, total rewards and culture programs. Sierra Space won this industry accolade not only for its commitment to providing competitive salaries and comprehensive benefits packages, but also for fostering an engaging work environment and culture that is embraced by its 2,000 team members across seven states.
If you are excited about venturing into uncharted territories and are driven to being exceptional, Sierra Space has a place for you. We offer a broad range of diverse career opportunities across various corporate sectors. Join our team and collaborate with like-minded individuals who share a common goal: shaping the future of space exploration while advancing the greater good. Dare to dream at SierraSpace.com/Careers.
Wichita, Kansas (BUSINESS WIRE) – Textron Aviation (NYSE: TXT) announced today significant enhancements to its iconic Cessna high-wing piston aircraft lineup including the Cessna Skyhawk, Cessna Skylane, Cessna Turbo Skylane and Cessna Turbo Stationair HD. Coming in 2024, customers will enjoy a range of new high tech standard features and sleek interior design options including modern and comfortable seating, updated instrument panels and new exterior paint styles.
The first change that customers will notice is an enhanced level of comfort and functionality throughout the aircraft. With new power headset jacks and charging ports at every seat (USB A and C device compatibility), upgraded seats with additional support and padding, and a brand-new center armrest for the Cessna Skylane, Turbo Skylane, and Turbo Stationair HD models, customers will experience a whole new level of excellence in flight.
The lineup also offers exceptional style with top-notch performance. From the sleek black instrument panel to the new side panels, window locks and air vents, the aircraft is designed to make the flying experience even more exciting. Owners can select from a variety of modern standard paint schemes to customize their aircraft and make it their own. With decades of impressive performance, powerful capability and low operating costs, the Cessna piston lineup is the perfect choice for aviators — whether they’re taking their first solo flight or charting their next big adventure.
Customers and fans can experience the new interior for the first time when the company debuts the design in a Cessna Skyhawk at the upcoming 2023 Experimental Aircraft Association AirVenture in Oshkosh, Wisconsin.
COPENHAGEN, Denmark, Nov. 2, 2021 /PRNewswire/ — Boeing [NYSE: BA] and A.P. Moller – Maersk (Maersk) today announced the global provider of end-to-end container logistics has placed an order for two 777 Freighters. The freighters will be operated by Star Air, Maersk’s in-house aircraft operator and is the company’s first 777 order. Star Air currently operates an all-Boeing 767 Freighter fleet.
The 777 Freighter is the world’s largest, longest range and most capable twin-engine freighter. The airplane offers 17 percent better fuel efficiency and reduced CO2 emissions compared to legacy airplanes. With a range of 9,200 kilometers, the 777 Freighter can carry a maximum revenue payload of 102,000 kilograms, allowing Star Air to make fewer stops and reduce landing fees on long-haul routes.
The 777 Freighter is Boeing’s top-selling freighter of all time. Customers from around the world have ordered more than 300 777 Freighters since the program began in 2005. As the air cargo market continues to strengthen throughout the world, freight carriers turn to Boeing for its complete family of new and converted freighters. Boeing airplanes provide more than 90% of the worldwide dedicated freighter capacity.
Maersk is an integrated container logistics company working to connect and simplify its customers’ supply chains. As the global leader in shipping services, the company operates in 130 countries and employs approximately 80,000 people.
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. Learn more at www.boeing.com.
Aeromexico Cargo inaugurated a direct route between the Wuhan-Tianhe International Airport and the Mexico City International Airport for exclusive cargo transportation. This was celebrated at an event held at Wuhan airport, in the presence of the Mexican Ambassador to the People’s Republic of China, airport authorities and airline business partners.
The route will be operated with Boeing 787-9 Dreamliner aircraft, which has a load capacity of more than 30 tons or 130 m3, depending on the type of cargo.
Wuhan is one of the fastest growing cities in China and has become a hub for air transport in the central region of the country. The growth of e-commerce, medical supplies and high-tech products shipping from this city to the rest of the world, has been exponential during the last year reaching more than a 500% increase. Due to its infrastructure, the Wuhan airport stood out in the first position among 22 other airports in China in the ranking of passenger transport in the country.
Since the beginning of the pandemic, Aeromexico Cargo has completed more than 235 exclusive cargo flights from China to Mexico and 16 other countries, transporting more than 4,000 tons of essential medical supplies. All these operations represented more than 8,000 hours of flight and 6 million kilometers traveled, which is equivalent to travel 170 times around the world.
Aeromexico Cargo can operate in more than 40 airports in Mexico and in multiple international destinations in the US, Canada, Central and South America, Asia and Europe. The most common cargo is perishable products, live animals, high-value goods, technology, medicines, and medical supplies, among others.
Armasuisse contracted Lockheed Martin (LMT) for a fleet of Indago 3 small unmanned aircraft systems (UAS), with options for spares, training and tech support and additional systems for the Swiss Army.
Indago provides aerial reconnaissance in environments unreachable by normal fixed-wing, unmanned aircraft systems.
The first phase comprises manufacturing development to optimize the Indago 3’s configuration to meet Swiss Army requirements. These include:
Integration of a transponder for sense and avoid;
Installation of the Silvus Technologies’ radio; and
Implementation of Lockheed Martin CDL Systems’ VCSi Touch SUAS Ground Control System software that includes access to Swiss maps, including digital terrain elevation data (DTED), and Geofencing.
The first set of optimized systems will be delivered later this year with the remaining systems to be delivered several months following the first delivery. These Indago 3s will support tactical level reconnaissance and surveillance to support information collection, search and rescue, disaster relief and battle damage assessment.
“Indago 3 is uniquely qualified to support the Swiss Army’s mission needs,” said Steve Fortson, UAS Portfolio manager at Lockheed Martin. “Indagos operate very quietly from relatively low altitude and provide high fidelity sensor imagery. They are simple to use and require minimal training so soldiers can quickly execute their mission. The Silvus Technologies radios also deliver best-in-class performance and efficiency in a miniature package. They’re ideal for use in portable and embedded applications where size, weight, power and cost are key.”
Depending on payloads and operating environment, Indago 3 has a flight time of up to 50 minutes, a range of 10 kilometers, a cruise speed of 25 knots and dash at up to 40 knots. It can also operate at temperatures as low as 30-degrees below zero and as high as 120 degrees Fahrenheit. It’s cyber-secure with high fidelity color and infrared 3-axis stabilized sensors – and at approximately 5 lbs., Indago can be easily transported by a single backpack and deployed in less than three minutes.
Facility employs more than 5,500 team members with 600 jobs added in 2019
American Airlines announced today it will invest $550 million at its Base Maintenance facility in Tulsa (Tech Ops – Tulsa). It is American’s largest Base Maintenance facility and is an integral part of operating the carrier’s fleet of nearly 1,000 mainline aircraft safely and reliably.
Tech Ops – Tulsa is home to more than 5,500 team members — 600 of those positions were added in 2019 — and conducts nearly half of the airline’s overall maintenance work. The new project includes construction of a new widebody-capable hangar and base support building. The investment also provides for improvements to the existing infrastructure, including roof replacements, utility and IT upgrades, and ramp repairs. This is the largest investment ever made at a maintenance location in American’s history.
This investment underscores American’s long-term commitment to the Tech Ops – Tulsa team, State of Oklahoma and City of Tulsa by making improvements to ensure success.
“The American team in Tulsa and around the world is the best in the business when it comes to operating the safest and most reliable fleet of commercial aircraft,” said American’s Chairman and CEO Doug Parker. “Tulsa has been core to American’s operation for more than 70 years, and this investment in the base, along with the new positions we added at Tech Ops – Tulsa in 2019, will ensure our customers can continue to rely on our fleet as the safest and most reliable for decades to come.”
The new 193,000-square-foot hangar will be able to hold two widebody aircraft — or up to six narrowbody aircraft — and will replace two existing hangars that can no longer fully accommodate the size of American’s current aircraft. This will allow team members to continue maintenance work on the more than 900 aircraft that visit the site annually while also adding to the widebody hangar capacity in American’s system. The 132,000-square-foot base support building will include offices for teams in administrative functions for aircraft overhaul, engineering and more.
“With this historic investment, American Airlines continues to display their commitment to Oklahoma. As one of the largest employers in our state, American Airlines plays an integral role in our economy and provides quality jobs for our citizens,” Oklahoma Governor Kevin Stitt said. “I am proud that Oklahoma is one of the top states in the nation for the aviation and aerospace industry, and I am honored to have American Airlines choose Oklahoma, once again, to grow their business.”
Oklahoma Governor Stitt, City of Tulsa Mayor G.T. Bynum and Tulsa Regional Chamber President and CEO Mike Neal joined American leadership and nearly 2,000 team members this morning at a ceremony to unveil the project.
“This investment marks the largest single capital investment in our city’s history while also reflecting the long-term commitment of American Airlines to Tulsa,” Bynum said. “As a city, we are grateful that one of the largest employers in our community is a true partner with the kind of foresight that will create more opportunity in the next era of the aerospace sector.”
The $550 million investment will take approximately seven years to complete and will involve upgrades to nearly every building. The new hangar and base support building construction is expected to begin in early 2021 and will take approximately 18 months to complete.
“If there were any doubts about American’s long-term commitment to Tulsa, this transformative investment should put them to rest once and for all,” Neal said. “Through the Chamber-led regional economic development partnership Tulsa’s Future, and in collaboration with the City of Tulsa and State of Oklahoma, we’ve been able to support American’s continued growth in northeast Oklahoma. It’s been a personal privilege to work with American’s leadership team and Tulsa-area employees for more than 14 years, and we at the Chamber look forward to further strengthening this partnership for decades to come.”
Volkswagen logo is seen on a Teramont X SUV displayed at the second media day for the Shanghai auto show in Shanghai
HONG KONG/BEIJING (Reuters) – Volkswagen AG <VWAGY> is set to take a 20% stake in Chinese electric vehicle battery maker Guoxuan High-tech Co Ltd, two sources told Reuters, as the German firm accelerates its electric push into the world’s largest auto market.
The deal would mark Volkswagen’s first direct ownership in a Chinese battery maker and comes as the Wolfsburg-based automaker strives to meet a goal of selling 1.5 million new energy vehicles (NEVs) a year in China by 2025, including plug-in hybrid cars.
The top foreign automaker in China plans to acquire the stake in Shenzhen-listed Guoxuan via a discounted private share placement in the coming weeks, the two sources with knowledge of the matter said. Based on Guoxuan’s market capitalization of $2.8 billion, a 20% stake in the company at present is worth about $560 million.
The deal’s details have been mostly finalized and the two firms are waiting for new Chinese regulatory rules on private share placements that will provide a more flexible pricing mechanism and shorter lock-up periods for majority shareholders, said one of the people, speaking on condition of anonymity.
After the stake purchase, Volkswagen will become the battery maker’s second-largest shareholder with a 20% stake, behind Zhuhai Guoxuan Trading Ltd, a firm controlled by Guoxuan’s founder Li Zhen, which currently holds 25%.
Guoxuan is among a swathe of mid-tier Chinese battery makers behind CATL and BYD. It is based in China’s eastern city of Hefei, where Volkswagen is also building electric vehicles with JAC Motor, one of a number of its Chinese joint venture partners.
A third source, who declined to be named due to the sensitivity of the matter, said Volkswagen has long wanted to control a battery maker to better manage its supply chain.
Volkswagen declined to comment. Guoxuan and the China Securities Regulatory Commission did not immediately respond to requests for comment.
To achieve its NEV sales goal in China, Volkswagen has built a new $2.5 billion electric vehicle plant with partner SAIC Motor that will have annual output capacity of 300,000 cars and is also revamping manufacturing facilities in China’s southeastern city of Foshan to build electric cars with partner FAW Group.
Volkswagen has also identified CATL as a strategic supplier and Volkswagen board member Stefan Sommer told Reuters in July last year that it could even build its own battery cell manufacturing plants in China.
“By holding a stake in the top Chinese battery makers, carmakers can gain more bargaining power on battery prices,” said Yale Zhang, managing director of Shanghai-based consultancy AutoForesight. “Foreign carmakers are now catching up with their Chinese counterparts on securing battery supplies in China.”
Volkswagen’s rivals in China include Tesla, which earlier this month began delivering cars from its $2 billion factory in China. The U.S. electric car maker eventually plans to manufacture 250,000 vehicles a year in the plant’s first phase.
China has been a keen supporter of NEV – pure battery electric, hybrid and plug-in hybrids – and has started implementing NEV sales quota requirements for automakers.
However, cuts to subsidies have dealt the market a blow, with NEV sales contracting for the first time last year. Sales this year are likely to be flat or rise only slightly, according to China’s top auto industry association.
(Reporting by Julie Zhu in Hong Kong and Yilei Sun in Beijing; Additional reporting by Zhang Yan and Zhang Xiaochong in Beijing; Editing by Brenda Goh and Richard Pullin)
Latécoère to acquire EWIS activities and related assets as well as a skilled workforce specializing in harnessing and electrical sub-assemblies in Querétaro
Agreement promotes long-term relationship with Latécoère and supports the optimization of Bombardier Aviation
Bombardier continues to produce major structures at its high-tech main campus in Querétaro, including the aft fuselage for the Global family of jets
Latécoère and Bombardier announced that the companies have entered into a definitive agreement, whereby Latécoère will acquire Bombardier’s electrical wiring interconnection system (EWIS) assets in Querétaro, Mexico. The two companies also concluded a long-term supply agreement that will see Latécoère supply Bombardier with electrical wiring interconnection systems.
The transaction is subject to customary conditions and approvals and is expected to close in the first half of 2020.
Approximately 700 skilled employees are dedicated to the manufacture of EWIS at Bombardier’s facility in Querétaro. Under the long-term supply agreement, Latécoère will continue to supply the EWIS for all Bombardier Aviation platforms, including Global, Challenger and Learjet aircraft from the current location to support Bombardier’s requirements. The annual turnover of the business is anticipated to be around USD 80 million.
“This acquisition reflects our willingness to emerge as a leading player in the global consolidation movement in the aeronautics sector,” said Yannick Assouad, CEO of Latécoère. “We keep deploying our manufacturing footprint on an international scale with a strong desire to strengthen our presence in the areas closest to our customers,” she added.
“This agreement exemplifies Bombardier’s focus on streamlining its activities to foster a strong and efficient aviation franchise,” said Paul Sislian, Chief Operating Officer, Bombardier Aviation. “With Latécoère’s reputation for excellence, this new partnership will result in a winning combination for both our companies.”
Under the terms of the transaction, Latécoère will pay Bombardier a cash consideration of USD 50 million. The transaction further supports Bombardier Aviation’s transformation and sharpens the company’s focus on its core manufacturing capabilities. The skilled employees who manufacture the main harnesses and electrical subassemblies in Querétaro will bring years of experience and value to Latécoère. The sale will not impact the remainder of Bombardier’s operations at its Querétaro site, which will continue to produce major structures for Bombardier aircraft, such as the aft fuselage for the Globalfamily of business aircraft – including the company’s flagship Global 7500 jet – the most complex aircraft component manufactured in Mexico.
