(IN BRIEF) The European Investment Bank (EIB) has pledged €300 million to support Poland’s venture into space technology with the development and launch of two Earth observation satellites. These satellites, financed through a loan to Bank Gospodarstwa Krajowego (BGK), will … Read the full press release
Posted in Aviation & Aerospace, Banks, Business, Defence, Environment, Financial, Government, Industrial, Investment, Luxembourg, Management, News, Poland, Security & Safety, Technology
Tagged Andrzej Domański, Bank Gospodarstwa Krajowego (BGK), Civil and Security, EIB, Marta Postuła, Nadia Calviño, partnership, Poland, Prime Minister Donald Tusk, Radosław Sikorski, satellite Program, sustainability, Teresa Czerwinska
(IN BRIEF) The President of the European Investment Bank (EIB) Group, Nadia Calviño, held discussions with Poland’s political leaders to strategize future financing and announce the initiation of Poland’s first satellite program. The €300 million project, supported by the EIB, … Read the full press release
Posted in Aviation & Aerospace, Banks, Business, Environment, Financial, Government, Industrial, Investment, Luxembourg, Management, News, Poland, Technology
Tagged Andrzej Domański, Donald Tusk, EIB, investment, Nadia Calviño, partnership, Poland, Radosław Sikorski, Satellite Programme, sustainability
(IN BRIEF) Swissport Geneva has expanded its customer base by welcoming Gulf Air and renewing contracts with Saudia, EgyptAir, and Kuwait Airways. Gulf Air has signed a 3-year contract for ground handling and cargo operations, while the other airlines have … Read the full press release
Posted in Aviation & Aerospace, Business, Financial, Government, Industrial, Investment, Management, News, Switzerland, Travel
Tagged Egyptair, Geneva, Gulf Air, Kuwait Airways, Middle East, Nicholas Joyce, partnership, SAUDIA, Swissport
(IN BRIEF) Airbus has completed the acquisition of U.S.-based Aerovel, integrating the advanced unmanned aerial system (UAS), Flexrotor, into its tactical solutions portfolio. The Flexrotor is a compact, vertical takeoff and landing (VTOL) UAS designed primarily for intelligence, surveillance, target … Read the full press release
Posted in Aviation & Aerospace, Business, Defence, Environment, Financial, France, Government, Industrial, Investment, Management, News, Security & Safety, Technology
Tagged acquisition, Aerovel, Airbus, Flexrotor, Mathilde Royer, partnership, sustainability, Tactical Unmanned Aerial Capabilities, USA
(IN BRIEF) Eviden, a leading digital, cloud, big data, and security provider within the Atos Group, has unveiled its new facility, the Eviden Mission Critical Systems Technology Center, situated in Prottes, Lower Austria. This inauguration underscores Eviden’s dedication to advancing … Read the full press release
(IN BRIEF) Airbus Helicopters has secured a contract with the Ministry of Defence of Brunei for the procurement of six H145M helicopters. The selection of the H145M underscores its reputation for high performance and versatility, with Brunei aiming to enhance … Read the full press release
Posted in Aviation & Aerospace, Business, Defence, Environment, Financial, Germany, Government, Industrial, Investment, Management, News, Security & Safety, Technology
Tagged Air Force, Airbus, Brunei, Bruno Even, H145M helicopters, partnership
(IN BRIEF) BAE Systems has been chosen by NASA to develop the Atmospheric Composition instrument (ACX) for the National Oceanic and Atmospheric Administration’s (NOAA) Geostationary Extended Observations (GeoXO) satellite constellation. ACX, a hyperspectral imager, will provide hourly air quality measurements … Read the full press release
Posted in Aviation & Aerospace, Business, Defence, Environment, Financial, Government, Industrial, Investment, Management, News, Science, Technology, United Kingdom
Tagged Atmospheric Composition instrument (ACX) Instrument, BAE Systems, Dr. Alberto Conti, Environmental Monitoring Mission, GeoXO, NASA, partnership, sustainability
(IN BRIEF) Safran Helicopter Engines has inked a substantial support-by-the-hour deal with DRF Luftrettung, encompassing maintenance and repair services for over 90 Arriel 2E engines powering its H145 helicopter fleet. The agreement, managed by Safran Helicopter Engines Germany, highlights the … Read the full press release
(IN BRIEF) MTU Aero Engines AG announced positive financial results for the first quarter of 2024, with adjusted revenue reaching €1.67 billion, marking an 8% increase compared to the same period in 2023. Despite facing challenges in the Geared Turbofan™ … Read the full press release
Posted in Aviation & Aerospace, Business, Economy, Financial, Germany, Industrial, Investment, Management, News, Technology
Tagged Financial, investment, Lars Wagner, MTU Aero Engines, Peter Kameritsch
(IN BRIEF) Airbus has announced the launch of the Pléiades Neo Next program, aimed at expanding its high-resolution Earth observation constellation. This initiative will introduce new satellite assets and capabilities, including improved native resolution, to augment the existing Pléiades Neo … Read the full press release
(IN BRIEF) Saab has successfully delivered the fourth GlobalEye Airborne Early Warning and Control (AEW&C) aircraft to the United Arab Emirates (UAE) on April 18, 2024. This milestone marks the rapid delivery pace of these advanced AEW&C platforms, with four … Read the full press release
(IN BRIEF) Safran has secured its position as France’s top patent holder, with a staggering 16,457 active patents, according to the National Industrial Property Institute’s (INPI) inaugural ranking. The aerospace giant’s relentless commitment to innovation is evident in its extensive … Read the full press release
Posted in Aviation & Aerospace, Awards, Business, France, Industrial, Management, News, Technology
Tagged Awards, Eric Dalbiès, France, INNOVATION, leadership, Safran
(IN BRIEF) MTU Aero Engines AG has achieved a significant milestone by successfully placing a €300 million promissory note (Schuldschein), which garnered strong investor interest and was oversubscribed by two-and-a-half times. CFO Peter Kameritsch noted that due to the high … Read the full press release
(IN BRIEF) After over 17 years in orbit, NASA’s CloudSat satellite, constructed by BAE Systems, has concluded its mission, providing crucial data on cloud profiles and properties to improve weather prediction models. Launched in 2006, CloudSat was part of a … Read the full press release
(IN BRIEF) Rolls-Royce has secured a $1 million contract from NASA’s Glenn Research Center to develop an Advanced Closed Brayton Cycle converter for next-generation space-based nuclear microreactors. Over a 12-month period, Rolls-Royce LibertyWorks will design a closed-cycle Brayton power conversion … Read the full press release
(IN BRIEF) GKN Aerospace has been awarded a contract by the Swedish Defence Materiel Administration (FMV) to conduct conceptual studies for advanced power and propulsion systems in support of future fighter systems. The agreement, spanning two years with the possibility … Read the full press release
(IN BRIEF) Researchers at the Institute for Atmospheric and Earth System Research (INAR) at the University of Helsinki have discovered that modern weather models accurately predict the energy emitted and reflected by the Earth, affecting the movements of low Earth-orbiting … Read the full press release
Posted in Aviation & Aerospace, Business, Education, Environment, Financial, Finland, Industrial, Investment, Management, News, Science, Technology
Tagged Institute for Atmospheric and Earth System Research (INAR), Modern Weather Models, partnership, Sanam Motlaghzadeh, Satellite Movement Predictions, sustainability, University of Helsinki
(IN BRIEF) The UK Ministry of Defence (MoD) has placed an order for six Airbus H145 helicopters, marking a strategic move towards fleet modernization and consolidation. These helicopters, designated for deployment in Cyprus and Brunei, will replace existing Airbus Pumas, … Read the full press release
Posted in Aviation & Aerospace, Business, Defence, Environment, Financial, France, Government, Industrial, Investment, Management, News, Security & Safety, Technology, Transportation & Logistics, United Kingdom
Tagged Airbus, H145 helicopter, Lenny Brown, partnership, sustainability, UK Ministry of Defence
(IN BRIEF) Heathrow Airport launches its annual Whisky Festival, running from April 15 to May 14, offering travellers a month-long celebration of whisky culture. The festival boasts expert-led masterclasses, exclusive product launches, and whisky-infused menu items across the airport’s terminals. … Read the full press release
(IN BRIEF) BAE Systems’ Weather System Follow-on – Microwave (WSF-M) satellite has been successfully launched, aiming to bridge critical gaps in current space-based environmental monitoring capabilities and advance military operations. The satellite, launched by the U.S. Space Force’s Space Systems … Read the full press release
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