Pratt & Whitney

Volaris Reports Financial Results for the First Quarter 2024: Net Income of USD $33 million

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火曜日, 4月 23, 2024

CASM, Pratt & Whitney, ASMS, AOG, ADS, Sale, Aircraft, LTM, Pressure, Investment, Airline

Income tax expense for the quarter was $14 million, compared to an income tax benefit of $25 million registered in the same period of 2023.

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Income tax expense for the quarter was $14 million, compared to an income tax benefit of $25 million registered in the same period of 2023.
Net income in the quarter was $33 million, with an earnings per ADS of $0.29 cents.
The financial debt amounted to $642 million, while total lease liabilities stood at $3,021 million, resulting in a net debt of $2,8956 million.
Net debt-to-LTM EBITDAR6 ratio stood at 3.1x, compared to 3.3x in the previous quarter and 3.8x in the same period of 2023.

KULR Technology Group Reports Record Annual Revenue for 2023

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金曜日, 4月 12, 2024

CubeSat, Transport, Safety, Depreciation, CAE Inc., Research, KULR, Administration, Pratt & Whitney, TRS, South, Electronics, Lockheed Martin, Special, Spacecraft, Recycling, SAN, Cryptocurrency

SAN DIEGO, April 12, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, today announced its financial results for full-year 2023.

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SAN DIEGO, April 12, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, today announced its financial results for full-year 2023.
The increase in revenue was mainly due to early success in the energy storage and battery transportation and recycling sectors.
Selling, General and Administrative (SG&A) Expenses: SG&A expenses increased to $19,882,402 in 2023 from $16,453,776 in 2022.
Revenue has grown at a compound annual growth rate of 102% from 2021 through 2023.

RTX's Pratt & Whitney announces GTF MRO capacity expansion at West Palm Beach facility

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水曜日, 4月 10, 2024

Pratt & Whitney, MRO, Workforce, HPC, GTF, Growth, Maintenance (technical)

CHICAGO, April 10, 2024 /PRNewswire/ -- (MRO Americas) Pratt & Whitney, an RTX (NYSE: RTX) business, today announced a $20 million investment to increase the GTF maintenance, repair and overhaul (MRO) capacity of its West Palm Beach Engine Center. The expansion will accommodate a 40% increase in capacity and is expected to be complete by the second half of 2025.

Key Points:

CHICAGO, April 10, 2024 /PRNewswire/ -- (MRO Americas) Pratt & Whitney, an RTX (NYSE: RTX) business, today announced a $20 million investment to increase the GTF maintenance, repair and overhaul (MRO) capacity of its West Palm Beach Engine Center.
"The expansion at West Palm Beach is the latest example of our global investment to support the GTF fleet," said Kevin Kirkpatrick, vice president of Global Aftermarket Operations at Pratt & Whitney.
West Palm Beach was transformed into a fully capable GTF MRO engine center in mid-2021.
In 2023, Pratt & Whitney announced three GTF MRO facility expansions and five shop activations to support the growing GTF fleet.

Investing in the Electric Aircraft Revolution

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水曜日, 4月 3, 2024

According to research from MarketsandMarket s, the Electric Aircraft Market is set to achieve unprecedented growth, projecting a remarkable worth of $37.2 billion by 2030.

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According to research from MarketsandMarket s, the Electric Aircraft Market is set to achieve unprecedented growth, projecting a remarkable worth of $37.2 billion by 2030.
KULR Technology Group, Inc. (NYSE American: KULR), betting on the electrification of everything, will play a key role in the safety of the electric aircraft future.
From startups like Eviation with their Alice aircraft to major players like Airbus and their E-Fan X project, the race is on to develop viable electric planes.
Some smaller electric aircraft are already taking to the skies for test flights ."

Volaris Reports March 2024 Traffic Results: 87% Load Factor

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木曜日, 4月 4, 2024

ASM, Revolutions per minute, Pratt & Whitney, BMV, VLRS, ULCC, Yoy, ASMS, Volaris, Airline

de C.V. (NYSE: VLRS and BMV: VOLAR) (“Volaris” or “the Company”), the ultra-low-cost carrier (ULCC) serving Mexico, the United States, Central, and South America, reports its March 2024 preliminary traffic results.

Key Points:

de C.V. (NYSE: VLRS and BMV: VOLAR) (“Volaris” or “the Company”), the ultra-low-cost carrier (ULCC) serving Mexico, the United States, Central, and South America, reports its March 2024 preliminary traffic results.
In March 2024, Volaris' ASM capacity decreased by 15.8% year-over-year due to the accelerated Pratt & Whitney engine inspections and the resulting aircraft groundings.
However, load factor increased by 1.3 pp YoY to 86.8%, as RPMs decreased by less than capacity.
Throughout the quarter, we achieved a robust load factor, with a well-balanced market mix aimed at maximizing profitability.”

Hybrid Aircraft Market Size Expected to Reach $13.2 Billion By 2030 as Demand Grows for Commercial Applications

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火曜日, 4月 2, 2024

It said: “The Hybrid Aircraft Industry is driven by factors such as increasing demand for short haul range connectivity, technological convergence and increasing demand for alternate modes of transportation.

Key Points:

It said: “The Hybrid Aircraft Industry is driven by factors such as increasing demand for short haul range connectivity, technological convergence and increasing demand for alternate modes of transportation.
Hybrid aircraft offer the advantage of reduced emissions and lower noise levels, making them more environmentally friendly.
Hybrid aircraft, particularly those with electric propulsion, produce less noise during takeoff and flight, making them more suitable for operating in noise-sensitive regions.
Hybrid aircraft can offer flexible and economically viable solutions for regional air travel, supporting regional connectivity and economic development.

KULR Secures Over $1M Contract from H55 for Proprietary, Patented Thermal Runaway Shield Technology

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火曜日, 4月 2, 2024

EASA, Pratt & Whitney, SAN, CAE Inc., Safety, TRS, KULR, USD, Spacecraft

H55 will employ KULR's unique Thermal Runaway Shield (“TRS”) within its propulsion systems that equip fleets of industry behemoths such as Pratt & Whitney and CAE Inc.

Key Points:

H55 will employ KULR's unique Thermal Runaway Shield (“TRS”) within its propulsion systems that equip fleets of industry behemoths such as Pratt & Whitney and CAE Inc.
Embedding KULR's TRS into H55's Electrical Propulsion System (“EPS”) is critical for aligning with the European Union Aviation Safety Agency (“EASA”) safety protocols.
H55 harnesses KULR's innovative TRS to construct systems that adhere to stringent safety measures while retaining efficiency and energy density.
The TRS technology from KULR has enabled us to push the safety norms and position H55 as a global leader.

Global Electronic Warfare Market Size Expected to Reach $24.76 Billion by 2029

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火曜日, 3月 26, 2024

The electronic warfare market is marked by the presence of global and local players competing in technology and product offerings; Some major market players are Lockheed Martin Corporation, L3Harris Technologies, Inc., Northrop Grumman Corporation, RTX Corporation, and Leonardo S.p.A., amongst others.

Key Points:

The electronic warfare market is marked by the presence of global and local players competing in technology and product offerings; Some major market players are Lockheed Martin Corporation, L3Harris Technologies, Inc., Northrop Grumman Corporation, RTX Corporation, and Leonardo S.p.A., amongst others.
A report from Mordor Intelligence projected that the Electronic Warfare Market size is estimated at USD 19.30 billion in 2024, and is expected to reach USD 24.76 billion by 2029, growing at a CAGR of 5.11% during the forecast period (2024-2029).
Mordor Intelligence concluded: “Various players in the market are investing significantly in research and developing advanced next-generation warfare products having higher electromagnetic capabilities.
According to Straits Research , the global electronic warfare market size is estimated to reach an expected value of USD 27.79 billion by 2030, registering a CAGR of 5.8% during the forecast period of 2022 to 2030.

RTX's Pratt & Whitney announces North American Technology Accelerator

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火曜日, 4月 9, 2024

Automation, Pratt & Whitney, Intelligence, MRO, Research, Combined, Robotics, NATA, STA, Language, RTX, GTF

CHICAGO, April 9, 2024 /PRNewswire/ -- (MRO Americas) Pratt & Whitney, an RTX (NYSE: RTX) business, today announced details of its North American Technology Accelerator (NATA), a commercial and military aftermarket operations center of excellence based in Florida. The NATA will have dedicated floor space, equipment and resources for the development and industrialization of technology insertion programs that will support the company's global maintenance, repair and overhaul (MRO) network.

Key Points:

CHICAGO, April 9, 2024 /PRNewswire/ -- (MRO Americas) Pratt & Whitney, an RTX (NYSE: RTX) business, today announced details of its North American Technology Accelerator (NATA), a commercial and military aftermarket operations center of excellence based in Florida.
With this new additive repair technology alone, Pratt & Whitney expects to recover $100 million worth of parts over next five years to support GTF MRO ramp.
NATA complements Pratt & Whitney's fully operational Singapore Technology Accelerator (STA), which was established in September 2022 with a focus on robotics, advanced inspection, connected factory and shop digital twin.
Combined annual savings of at least $24 million is expected from Pratt & Whitney's accelerator programs.

Willis Lease Finance Corporation Completes Delivery of 4th ATR 72-500 Aircraft under its ConstantThrust® Engine Maintenance Program

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木曜日, 3月 21, 2024

Tax, Pratt & Whitney, Part, ATR, FBO, TAG Airlines, Security (finance), TAG, Aircraft, WLFC, Airline

COCONUT CREEK, Fla., March 21, 2024 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ: WLFC) (“WLFC”) announces it has successfully delivered its fourth ATR 72-500 aircraft to Transportes Aéreos Guatemaltecos (TAG Airlines) (“TAG”) as part of its lease agreements with the airline for four ATR 72-500 aircraft.

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COCONUT CREEK, Fla., March 21, 2024 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ: WLFC) (“WLFC”) announces it has successfully delivered its fourth ATR 72-500 aircraft to Transportes Aéreos Guatemaltecos (TAG Airlines) (“TAG”) as part of its lease agreements with the airline for four ATR 72-500 aircraft.
Under the lease agreements, the aircraft are included in WLFC’s ConstantThrust® program for PW127M engines.
“We are thrilled to support TAG, our first regional ConstantThrust® airline partner, with a fourth aircraft delivery,” said Austin C. Willis, Chief Executive Officer of WLFC.
Willis Lease Finance Corporation (“WLFC”) leases large and regional spare commercial aircraft engines, auxiliary power units and aircraft to airlines, aircraft engine manufacturers and maintenance, repair, and overhaul providers worldwide.