(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
(IN BRIEF) DHL Global Forwarding announces its collaboration with the Prada Group, marking the fashion giant’s first investment in Sustainable Aviation Fuel (SAF) credits through DHL’s GoGreen Plus service. This strategic partnership allows Prada Group to significantly reduce its transport … Read the full press release
Posted in Apparel, Fashion & Beauty, Aviation & Aerospace, Business, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Investment, Italy, Management, News, Technology, Transportation & Logistics
Tagged DHL, Italy, Mario Zini, partnership, Prada Group, reduce emissions, sustainability, sustainable aviation fuel
(IN BRIEF) Thales Alenia Space, a joint venture between Thales and Leonardo, has clinched a significant framework contract with the European Space Agency (ESA) worth €522m for the continuation of crucial activities towards the ExoMars 2028 mission. The mission, slated … Read the full press release
(IN BRIEF) Nordic Investment Bank (NIB) has entered a nine-year loan agreement with Latvijas Gaisa Satiksme (LGS) to co-finance its investment program for air navigation advancements from 2024 to 2026. The EUR 25 million loan will support the modernization and … Read the full press release
Posted in Aviation & Aerospace, Banks, Business, Environment, Financial, Finland, Government, Industrial, Infrastructure & Utilities, Investment, Latvia, Management, News, Technology
Tagged Air Navigation Technologies, André Küüsvek, Dāvids Tauriņš, Latvian Air Transport Infrastructure Company, Latvijas Gaisa Satiksme (LGS), NIB, partnership, sustainability
(IN BRIEF) Rolls-Royce has been awarded £1.18 million from Phase 2 of the UK Space Agency’s International Bilateral Fund (IBF) to advance strategic research partnerships within the UK space sector and with emerging space nations. This funding will support collaborative … Read the full press release
Posted in Aviation & Aerospace, Business, Energy, Gas & Oil, Financial, Government, Industrial, Investment, Management, News, Technology, United Kingdom
Tagged BWXT Advanced Technologies LLC, Joe Biden, Joe Miller, partnership, Professor Anu Ojha, Rishi Sunak, Rolls-Royce, Space Nuclear Power Research, Steve Carlier, USA
(IN BRIEF) Societe Generale, alongside BNP Paribas, Citi, Crédit Agricole CIB, and Standard Chartered, in collaboration with RMI (Rocky Mountain Institute), has developed the pioneering Pegasus Guidelines. These guidelines offer a voluntary climate-aligned finance framework tailored for the aviation sector, … Read the full press release
Posted in Aviation & Aerospace, Banks, Business, Environment, Financial, France, Government, Industrial, Investment, Management, News, Technology
Tagged Aviation, BNP Paribas, Citi, Crédit Agricole CIB, emissions, partnership, Pegasus Guidelines, RMI (Rocky Mountain Institute), SOCIÉTÉ GÉNÉRALE, Standard Chartered, sustainability, Yann Sonnallier
(IN BRIEF) The U.S. Air Force has successfully concluded the Initial Operational Test & Evaluation (IOT&E) of the Eagle Passive Active Warning Survivability System (EPAWSS), a critical milestone that confirms the transformative capabilities brought by BAE Systems’ advanced system to … Read the full press release
Posted in Aviation & Aerospace, Business, Defence, Financial, Government, Industrial, Investment, Management, News, Security & Safety, Technology, United Kingdom
Tagged Amy Nesbitt, BAE Systems, Chip Mosle, Eagle Passive Active Warning Survivability System (EPAWSS), Electronic Warfare Capabilities, F-15, F-15E Strike Eagle, F-15EX Eagle II, Initial Operational Test & Evaluation (IOT&E), Maj Bryant “Jager” Baum, partnership, U.S. Air Force
(IN BRIEF) ARBURGadditive will participate in the 20th anniversary of Rapid.Tech in Erfurt from May 14 to 16, 2024, showcasing two innovative exhibits: a large freeformer 750-3X operating on plastic granules and an LiQ 5 for 3D printing liquid silicone … Read the full press release
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