Boeing Forecasts Long-Term Growth in Air Cargo Traffic (Popularity:  )
Boeing (NYSE: BA) said that world air cargo growth will expand at a 5.8 percent annual rate over the next two decades, with worldwide air freight traffic tripling through 2027, according to Boeing's World Air Cargo Forecast 2008/2009.
Air cargo traffic will grow over the long term despite current near-term market weakness and worldwide economic uncertainty. The industry has shown strong recoveries from previous economic downturns such as the Asian ...
Category: Transportation
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Boeing Joins Aviation, Energy and Academic Leaders to Accelerate Development and Availability of Sustainable Biofuels (Popularity: )
Boeing (NYSE: BA) has, with leading air carriers and Honeywell's UOP, a refining technology developer, established a group to accelerate the development and commercialization of sustainable new aviation fuels. With support and advice from the world's leading environmental organizations, the World Wildlife Fund (WWF) and Natural Resources Defense Council (NRDC), the Sustainable Aviation Fuel Users Group makes commercial aviation the first global transportation sector to voluntarily drive sustainability practices into ...
Category: Travel & Leisure
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Boeing, Blue Air Reach Agreement on Order for Three Boeing 737-900ERs (Popularity: )
Boeing (NYSE: BA) and Romanian low-cost carrier Blue Air announce today an agreement on an order for three Next-Generation 737-900ER jetliners. Earlier this year, the Bucharest-based airline ordered two 737-800s. Today's order is worth $238.5 million at current list prices. The airplanes will be equipped with performance-enhancing Blended Winglets, which improve fuel efficiency and reduce CO2 emissions by up to 4 percent.
"Blue Air is offering affordable air travel to ...
Category: Travel & Leisure
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Lockheed Martin-Built VINASAT-1 Satellite Launched Successfully for Vietnam Posts and Telecommunications Group (Popularity: )
The VINASAT-1 communications satellite, designed and built by Lockheed Martin (NYSE: LMT) for Vietnam Posts and Telecommunications Group (VNPT) of Vietnam, was successfully launched today from Kourou, French Guiana. Lift-off occurred at 6:17 p.m. Eastern Daylight Time (EDT) aboard an Ariane 5-ECA launch vehicle provided by Arianespace of Evry, France. Initial contact with the satellite was confirmed at 7:30 p.m. EDT from Lockheed Martin's satellite tracking station in Uralla, Australia. ...
Category: Telecommunications
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Lockheed Martin Team Awarded $766M AMF JTRS Contract to Provide Tactical Communications and Networking Solutions (Popularity: )
Lockheed Martin (NYSE: LMT) announced today that it has been selected by the Joint Tactical Radio System (JTRS) Joint Program Executive Office to provide the tactical communications and networking solutions for the Air Force, Army, Navy and other users. The Lockheed Martin Airborne and Maritime/Fixed Stations (AMF) JTRS team will design, develop, integrate, test and deliver advanced, reliable, tactical networked communications solutions providing joint interoperability with secure information flow. AMF ...
Category: Telecommunications
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Boeing Receives Order From Romanian Carrier Blue Air for Next-Generation 737s (Popularity: )
The Boeing Company (NYSE: BA) EML today announced an order from Romanian low-cost airline Blue Air Transport Aerian for two Next-Generation 737-800s and purchase rights for two more. The airplanes will join the airline's all-Boeing fleet to provide extra capacity in a fast-growing market. The order is valued at approximately $150 million at list prices.
"We have doubled our passenger traffic every year since starting our operations. Looking toward the ...
Category: Transportation
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Boeing, KLM Announce Order for Additional 777-300ERs and 737-700s (Popularity: )
Boeing (NYSE: BA) today announced that KLM Royal Dutch Airlines, part of the AIR FRANCE/KLM Group, has placed an order for additional 737 and 777 aircraft. The airline will add three Next-Generation 737-700s and two 777-300ERs (Extended Range) to its fleet.
As part of the agreement, KLM took options on one additional 737 and two additional 777s. The order, worth approximately $716 million at catalog prices, was previously posted to ...
Category: Travel & Leisure
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Royal Danish Air Force Formally Accepts Two Lockheed Martin Long-Range Surveillance Radars (Popularity: )
The Defence Acquisition & Logistics Organization (DALO) of the Danish Ministry of Defence formally transferred ownership of two Lockheed Martin (NYSE: LMT) TPS-77 mobile, long- range surveillance radars to the Tactical Air Command of the Royal Danish Air Force. A ceremony on August 16 attended by representatives from the Danish government, the Royal Danish Air Force and Lockheed Martin was held at Karup Air Station, in Denmark, where the radars ...
Category: Science
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Air New Zealand Places Third Order for Boeing 787 Dreamliners (Popularity: )
The Boeing Company (NYSE: BA) today said that Air New Zealand has finalized an order for four additional 787-9s, following on from the airline's announcement in December that it would be placing an order. This is the airline's third order for the popular 787 Dreamliner. With today's announcement, Air New Zealand has ordered a total of eight 787-9 Dreamliners.
Deliveries of these four airplanes will take place from 2011 through ...
Category: Transportation
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Lockheed Martin And Boeing Form Strategic Alliance To Promote Next-Generation Air Transportation System (Popularity: )
Lockheed Martin [NYSE: LMT] and Boeing [NYSE: BA] have formed a strategic alliance to promote advancement of the future U.S. air transportation system.
Aviation forecasts predict a two- to three-fold increase in air traffic by 2025. The Federal Aviation Administration’s (FAA) next-generation air transportation system is critical to the continued growth of aviation and the U.S. economy. Boeing and Lockheed Martin officials said that, by working together, the companies can ...
Category: Industry
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