Wednesday, July 21, 2010

DTN News: GE Aviation And Its JV Companies Announce $16 Billion In Deals At The 2010 Farnborough Air Show

Defense News: DTN News: GE Aviation And Its JV Companies Announce $16 Billion In Deals At The 2010 Farnborough Air Show
* Further Expands GE’s $128Billion High-Margin Services Backlog
Source: DTN News / GE Aviation
(NSI News Source Info) FAIRFIELD, Conn. - July 22, 2010: GE Aviation along with its joint venture companies, CFM International and the Engine Alliance, have amassed engine and services orders valued at more than $16 billion (USD) at the 2010 Farnborough Air Show.
“GE Aviation is excited with the tremendous amount of engine and services orders that received at the 2010 Farnborough Air Show,” said David Joyce, president and chief executive office of GE Aviation. “The level of activity at the show demonstrates that the aviation industry is beginning to emerge from the economic downturn.”
GE Aviation and its joint companies garnered $11 billion in engine orders and $5 billion in long-term, high-margin service agreements. Highlights include:

  • Emirates ordered 30 GE90-115B-powered Boeing 777-300ER aircraft valued at $2 billion list price. Emirates also signed a 12-year OnPointSM solution services agreement for the maintenance and overhaul of its GE90-115B engines worth more than $1 billion over its life.
  • Air China selected the CFM56-5B engine for its 20 firm Airbus A320 aircraft, valued at $600 million U.S. at list price, including a long-term maintenance agreement with CFM.
  • China Eastern Airlines selected the CFM56-5B engine to power 30 Airbus A320 aircraft, valued at approximately $600 million list price. China Eastern also signed a long-term maintenance agreement with CFM.
  • GE Capital Aviation Services ordered CFM56-7B engines to power 40 Boeing 737-700/-800/-900 aircraft and CFM56-5B engines to power its 60 Airbus A320 aircraft. The combined engine order is valued at $1.4 billion at list price.
  • Afriqiyah Airways signed a 10-year OnPointSM solution agreement for its CFM56-5B engine fleet, valued at more than $50 million over the life of the contract.
  • Emirates selected the Engine Alliance GP7200 engines to power its 32 additional A380 aircraft announced last month. The total value of the engine and Fleet Management Agreement is approximately $4.8 billion over the life of the contract.
  • TAAG (Angola Airlines) signed a 10-year OnPointSM solution services agreement for its 10 GE90 engines, valued at more than $50 million over the life of the agreement.
  • Azul Linhas Aereas ordered five CF34-10E-powered EMBRAER 195 aircraft valued at more than $40M list price.
  • TRIP Linhas Aereas has exercised its option to purchase two EMBRAER 190 aircraft powered by CF34-10E engines. The engine order is valued at $17M list price.
  • LAN Airlines chose CFM56-5B engine to power 70 new Airbus A319/A320/A321 aircraft. The order is valued at $2 billion list price, including engines and a long-term maintenance agreement with CFM.
  • Royal Jordanian has agreed to purchase six GEnx-1B engines to power its three additional Boeing 787 Dreamliner aircraft.
  • Flybe ordered 35 CF34-8E-powered EMBRAER 175 valued at more than $360M list price. The airline also signed a 10-year OnPointSM solution services agreement for the new CF34-8E engines valued at more than $100M over the life of the agreement.
  • Air Lease Corporation, the new venture by Steve Udvar-Hazy, ordered 60 CFM56-7B-powered Boeing 737 aircraft, valued at $840 million list price.
  • Air Arabia selected the CFM56-5B engine to power its 44 Airbus A320 family aircraft. This new engine selection is valued at more than $620 million list price.
  • RBS Aviation Capital ordered 43 CFM56-7B-powered Boeing Next-Generation 737 aircraft, valued at $600 million list price.
  • Norwegian Air Shuttle ordered 15 CFM56-7B-powered Boeing 737-800s, valued at $210 million list price.
  • Avolon, a new leasing company, ordered 12 CFM56-7B-powered Boeing 737-800 aircraft, with an engine value of $165 million list price.
  • China's OKAY airlines orders 10 CFM56-7B-powered Boeing Next-generation 737 in an engine order valued at $140 million list price.
  • China’s Spring Airlines selected CFM56-5B engines to power four new Airbus A320 family aircraft in an engine order valued at $70 million list price. The airline also extended its OnPointSM solution agreement with GE Aviation to include these engines as well as three additional leased aircraft. The total OnPoint solution agreement (covering all 37 aircraft) is valued at $300 million of the life of the contract.
  • Air Austral ordered two GE90-115B-powered Boeing 777-200LR aircraft. The engine order is valued at more than $100 million list price.
  • Qatar Airways converted two options for GE90-115B-powered Boeing 777-200LR aircraft into firm orders. The engine order is valued at more than $100 million list price.
  • Republic Airways signed a letter of intent to purchase 24 CF34-10E-powered EMBRAER 190 aircraft. The CF34-10E engine order is valued at more than $190 million list price.

  • At Farnborough, GE Aviation launched its new myEnginesTM digital services, a suite of digital applications to help customers better manage their engine fleets and improve productivity. This is the latest announcement in GE’s growing $4 billion-per-year software and solutions business. LAN Airlines is the launch customer for myEngines digital services, which will cover LAN's entire fleet of CF6-80C2, GE90-115B, CFM56-5B and –5C engines.
    GE Aviation also announced its OnPointSM Fuel & Carbon Solutions was added as the newest product in GE’s ecomagination portfolio. OnPoint Fuel and Carbon Solutions could help GE Aviation’s customers reduce their fuel spend by an average of three percent.
    CFM International announced Czech Airlines (CSA), the flag carrier of the Czech Republic, achieved TRUEngine status for 22 CFM56-3 and 31 CFM-5B engines powering its fleet of Boeing 737-400/-500 and Airbus A319/A320/A321 single-aisle, respectively.
    CFM International is a 50/50 joint company between Snecma (Safran group) and GE. The Engine Alliance is a 50/50 joint between GE and Pratt & Whitney.
    GE Aviation, an operating unit of GE (NYSE: GE - News), is a world-leading provider of jet and turboprop engines, components and integrated systems for commercial, military, business and general aviation aircraft. GE Aviation has a global service network to support these offerings. For more information, visit us at www.ge.com/aviation.

    DTN News: AIRSHOW-FACTBOX-Civil Plane Orders At Farnborough

    Defense News: DTN News: AIRSHOW-FACTBOX-Civil Plane Orders At Farnborough

    Source: DTN News / Reuters
    (NSI News Source Info) FARNBOROUGH, England - July 22, 2010: Following is a summary of commercial plane orders at the July 19-25 Farnborough Airshow (** order announced Wednesday):
    ** AMERICAN AIRLINES
    American Airlines (AMR.N) exercised 35 Boeing (BA.N) 737-800s, pushing numbers of the aircraft in its narrowbody fleet up to 195.
    ** GAZPROMAVIA (GAZP.MM)
    The airline of Russia's Gazprom signed a letter of intent for 10 Sukhoi SuperJet 100s.
    ** ALAFCO (ALAF.KW)
    The Kuwait-based international Aviation Lease and Finance Co. has converted its existing firm order for 12 Airbus A350-800's, placed in 2007, into the higher capacity A350-900 model.
    ** CRECOM
    The Malaysian carrier will buy 50 MC-21 passenger jets from Russia's Irkut, a unit of state-controlled UAC (UNAC.RTS).
    ** THAI AIRWAYS
    The carrier will place a preliminary order for seven more Airbus (EAD.PA) A330-300 planes, worth $1.5 billion at list prices, an industry source said.
    ** QATAR AIRWAYS
    The Middle Eastern airline ordered two Boeing (BA.N) 777s.
    ** QANTAS
    The Australian airline ordered seven Q400 turboprop airliners from Bombardier (BBDb.TO).
    ** PEARL AIRCRAFT CORP.
    The Bermudan lessor bought 30 SuperJet 100s from Russia's Sukhoi for $900 million, with an option for 15 more.
    ** GARUDA
    The Indonesian airline ordered six Airbus A330s for a list price of $1.15 billion.
    ** GERMANIA
    The Berlin-based airline signed a contract for five Airbus A319s.
    ** OKAY AIRWAYS
    The Chinese airline ordered 10 737-800s from Boeing, worth $800 million at list prices.
    ** AIR AUSTRAL
    The Reunion-based French airline ordered two 777-200LR long-range jets from Boeing (BA.N).
    ** RBS AVIATION CAPITAL
    The aircraft leasing unit of the British lender confirmed it placed an order for 52 Airbus (EAD.PA) A320 family planes and 43 Boeing (BA.N) 737 family aircraft, worth a total of $7.6 billion at list prices.
    LAN
    Chilean carrier ordered 50 Airbus A320 planes with a list price of around $4.15 billion.
    FLYBE
    Places order comprising 35 firm initial orders of Embraer E series aircraft for $1.3 billion with options for 65 more and purchase rights for a further 40 for a potential total value of $5 billion.
    AIR LEASE CORP
    Ordered 60 Boeing (BA.N) next-generation 737s.
    Ordered 20 jets from Brazilian group Embraer (EMBR3.SA) for nearly $800 million at list prices.
    AVOLON
    Ordered 12 next-generation 737-800s valued at $921 million at list prices.
    ROYAL JORDANIAN
    Ordered three Boeing 787-8 Dreamliners.
    ORIENT THAI AIRLINES
    Ordered 12 Superjet 100 planes.
    EMIRATES
    Ordered 30 Boeing 777 wide-body aircraft, a deal potentially worth more than $9 billion.
    AIR LEASE CORP
    Ordered 51 Airbus (EAD.PA) A320 series planes, made up of 31 A320s and 20 A321-200s.
    AEROFLOT
    Signed for 11 Airbus A330s
    GECAS
    Ordered 40 Boeing 737s and 60 Airbus A320s.
    (Compiled by Dan Lalor and Ben Berkowitz; Reuters Farnborough Media Centre +44 1252-418188))

    DTN News: “Team Germany” Offering Cyclone Helicopter For German Navy And Air Force

    Defense News: DTN News: “Team Germany” Offering Cyclone Helicopter For German Navy And Air Force
    Source: DTN News / Sikorsky Aircraft Corp
    (NSI News Source Info) LONDON, United Kingdom - July 21, 2010: Sikorsky Aircraft Corp. today announced its German Multi-Role Helicopter Team (GMRHT), consisting of several partnership agreements that will work together to introduce the Cyclone multi-role helicopter into Germany. The team collectively is offering a comprehensive solution for the requirements of the German Navy and Air Force. Sikorsky Aircraft is a subsidiary of United Technologies Corp. (NYSE:UTX).
    In June, Sikorsky finalized partnership agreements with Tier One German and European defence companies, Rheinmetall Defence Group, RUAG, MTU Aero Engines (MTU), and ZFL.
    “Together with General Dynamics Canada, our international integrated mission systems partner, the team is continuing to identify and select German companies to partner with on this initiative,” said Joseph Gigantelli, Sikorsky Vice President, European Sales. “We believe we have a strong team and an equally strong offering of products and services for the German armed forces. We intend to provide Germany with the best technology that is available in-country and from around the world, and in doing so, provide a technologically superior aircraft.”
    The Cyclone helicopter provides multi-mission capabilities including anti-submarine warfare, anti-surface warfare, and search and rescue. The aircraft is a derivative of the S-92® helicopter, which gets its basic design from the BLACK HAWK helicopter, a proven, rugged and durable aircraft.
    Among the features of the Cyclone aircraft are enhanced rotor and drive designs, bird strike protection, a flaw- and damage-tolerant design, and protection from turbine bursts. In addition, the aircraft have crashworthy seats, crash-resistant fuel systems, and High Intensity Radio Frequency (HIRF) and lightning protection.
    Sikorsky has been growing its European business activities over the last several years. In 2007, PZL Mielec in Poland became a Sikorsky company and is the future manufacturer of the S-70iTM BLACK HAWK helicopter. Sikorsky also is actively exploring business opportunities for strategic European partners for component manufacturing and service centers for the entire Sikorsky product line.
    Sikorsky Aircraft Corp., based in Stratford, Conn., is a world leader in aircraft design, manufacture and service. United Technologies Corp., based in Hartford, Conn., provides a broad range of high-technology products and support services to the aerospace and building systems industries.

    DTN News: S-70iTM International BLACK HAWK Sales Launched With Purchase By Saudi Arabia’s Ministry of Interior

    Defense News: DTN News: S-70iTM International BLACK HAWK Sales Launched With Purchase By Saudi Arabia’s Ministry of Interior
    Source: DTN News / Sikorsky Aircraft Corp
    (NSI News Source Info) FARNBOROUGH, England- July 21, 2010: Sikorsky Aircraft Corp. announced today that the Kingdom of Saudi Arabia’s Ministry of Interior (MOI) has become the launch customer for the new S-70iTM helicopter. The MOI signed a contract to acquire three of the latest model aircraft in the celebrated BLACK HAWK helicopter line, and has taken options to acquire 12 additional S-70i helicopters. Sikorsky is a subsidiary of United Technologies Corp. (NYSE:UTX).
    Delivery of the first helicopter is scheduled for early 2011. The aircraft will perform transport, border protection and other missions.
    “We are proud to announce the sales launch of the S-70i international BLACK HAWK to our valued customer, Saudi Arabia’s Ministry of Interior. The S-70i helicopter continues the legendary BLACK HAWK history of providing safe and reliable transportation for militaries around the world with exceptional value,” said Michael Ambrose, Vice President of international military programs at Sikorsky. “Sikorsky has a long and honored history with the Kingdom of Saudi Arabia, and the S-70i is the next exciting chapter in our relationship. We also look forward to further expanding this relationship in the years to come.”
    The new S-70iTM BLACK HAWK helicopter was designed for the international marketplace. The helicopter incorporates the latest technology with advanced features such as a fully integrated digital cockpit with a dual digital automatic flight control system and coupled flight director. It also features an active vibration control system that will smooth the overall ride of the aircraft. The dual GPS/INS system with digital map provides accurate and redundant navigation for the most demanding of tactical environments. Customers around the world will benefit from the S-70i helicopter's modern, robust aircraft configuration and ability to leverage existing interoperability with Sikorsky’s worldwide fleet of BLACK HAWK helicopters.
    The new S-70i international variant utilizes a global supply chain and is the first BLACK HAWK helicopter ever assembled in Europe. PZL Mielec, a Sikorsky Aircraft company in Poland, has been established as the hub of the S-70i program for international customers. The successful first flight of the S-70i aircraft took place on July 1 at the Sikorsky Development Flight Center in West Palm Beach, Florida.
    Sikorsky Aircraft Corp., based in Stratford, Conn., USA, is a world leader in helicopter design, manufacture and service. United Technologies Corp., based in Hartford, Conn., USA, provides a broad range of high technology products and support services to the aerospace and building systems industries.
    This release contains forward looking statements that involve uncertainties and that could change, including the development of new technologies and execution of contract terms. These uncertainties could affect investment decisions and outcomes.

    DTN News: Russia's Moskva Missile Cruiser Sets Off To Its Naval Base In Ukraine

    Defense News: DTN News: Russia's Moskva Missile Cruiser Sets Off To Its Naval Base In Ukraine
    Source: DTN News / RIA Novosti
    (NSI News Source Info) VLADIVOSTOK, Russia - July 21, 2010: The flagship of the Black Sea fleet, the Moskva missile cruiser, has set off from the port of Vladivostok in Russia's Far East to its home port in Ukraine's Sevastopol, a Navy spokesman said on Wednesday.
    The Moskva missile cruiser was participating in Russia's Vostok 2010 military drills jointly with the flagship of the Northern Fleet, the Pyotr Veliky nuclear-powered guided-missile cruiser, and the flagship of the Pacific Fleet, the Varyag guided-missile cruiser.
    "After a short rest in Vladivostok, the Moskva set off for the Black Sea to its home base in the port of Sevastopol. It will have to pass across the Pacific, Indian and Atlantic oceans," the spokesman said.
    Russia's Black Sea Fleet is stationed in Ukraine's port of Sevastopol under a lease agreement. Moscow and Kiev signed earlier in the year a deal extending the lease on the fleet's base in Sevastopol for 25 years after the current lease expires in 2017.
    Vostok-2010 exercises in Siberia and the country's Far East started on June 29 and ended on July 8. They involved 20,000 troops, up to 2,500 pieces of military hardware, 70 warplanes and 30 warships.
    During the exercises, warships of the three Russian fleets conducted live firing at naval and aerial drones and practiced combat interoperability and repelling simulated attacks by hostile submarines and aircraft.
    Russia holds Vostok strategic command-and-staff drills every two years.