Aircraft

Equipment Leasing and Finance Association Announces Top 10 Equipment Acquisition Trends for 2023

Retrieved on: 
Thursday, January 12, 2023

WASHINGTON, Jan. 12, 2023 (GLOBE NEWSWIRE) -- The Equipment Leasing and Finance Association (ELFA), which represents the $1 trillion equipment finance sector, today revealed its Top 10 Equipment Acquisition Trends for 2023 .

Key Points: 
  • WASHINGTON, Jan. 12, 2023 (GLOBE NEWSWIRE) -- The Equipment Leasing and Finance Association (ELFA), which represents the $1 trillion equipment finance sector, today revealed its Top 10 Equipment Acquisition Trends for 2023 .
  • We are pleased to provide the Top 10 Equipment Acquisition Trends to help businesses make their strategic equipment acquisition plans.”
    ELFA distilled recent research and data, including the Equipment Leasing & Finance Foundation’s 2023 Equipment Leasing & Finance U.S. Economic Outlook, industry participants’ expertise and member input from ELFA meetings in compiling the trends.
  • For an infographic highlighting the Top 10 Equipment Acquisition Trends for 2023, please visit ELFA’s Equipment Finance Advantage website for end-users at https://www.equipmentfinanceadvantage.org/toolkit/10trends.cfm .
  • For forecast data regarding equipment investment and capital spending in the United States, see the Equipment Leasing & Finance Foundation’s 2023 Equipment Leasing & Finance U.S. Economic Outlook at www.leasefoundation.org/industry-resources/u-s-economic-outlook/ .

Jetoptera Completes Fourth USAF Awarded contract

Retrieved on: 
Wednesday, January 11, 2023

It employs very reliable and low maintenance turbocompressors which are easy to adapt from current highly reliable turbines.

Key Points: 
  • It employs very reliable and low maintenance turbocompressors which are easy to adapt from current highly reliable turbines.
  • Jetoptera designed, built and tested an Upper Surface Blown Wing (USB) equipped powered-high-lift test article integrating Jetoptera’s Fluidic Propulsive System™ (FPS™).
  • Jetoptera teamed with Scaled Composites, a Northrop Grumman company, for the design of the high lift system and test article, as well as the conceptual design of the HSVTOL aircraft.
  • The period of performance for this Direct to Phase II Contract was fifteen months.

Northrop Grumman Developing the Next Generation Radar for the F-35 Lightning II

Retrieved on: 
Wednesday, January 11, 2023

BALTIMORE, Jan. 11, 2023 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE: NOC) is developing AN/APG-85, an advanced Active Electronically Scanned Array (AESA) radar for the F-35 Lightning II.

Key Points: 
  • BALTIMORE, Jan. 11, 2023 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE: NOC) is developing AN/APG-85, an advanced Active Electronically Scanned Array (AESA) radar for the F-35 Lightning II.
  • Northrop Grumman currently manufactures the AN/APG-81 active electronically scanned array (AESA) fire control radar, the cornerstone to the F-35 Lightning II's sensor suite.
  • To learn more about Northrop Grumman’s role on the F-35 Lightning II, visit this website .
  • Northrop Grumman is developing the next generation radar for the F-35 Lightning II.

Diallo Gordon Named Chief Marketing and Product Officer at Passport Technology

Retrieved on: 
Tuesday, January 10, 2023

LAS VEGAS, Jan. 10, 2023 (GLOBE NEWSWIRE) -- Passport Technology Inc. (Passport) , the fastest-growing provider of payment technology to the global gaming industry, has appointed Diallo Gordon as Chief Marketing and Product Officer.

Key Points: 
  • LAS VEGAS, Jan. 10, 2023 (GLOBE NEWSWIRE) -- Passport Technology Inc. (Passport) , the fastest-growing provider of payment technology to the global gaming industry, has appointed Diallo Gordon as Chief Marketing and Product Officer.
  • "Diallo has proven himself to be a tremendous leader, industry visionary and is an invaluable asset to the Passport team."
  • Passport's solutions are industry-leading and the commitment to service, innovation and collaborative relationships won me over from day one," states Gordon.
  • Gordon holds multiple undergraduate degrees in Electronics Engineering Technology, Business Management and Business Administration.

Constellium signs a multi-year agreement to supply Daher

Retrieved on: 
Tuesday, January 10, 2023

PARIS, Jan. 10, 2023 (GLOBE NEWSWIRE) -- Constellium SE (NYSE: CSTM) announced today that it has entered into a multi-year contract with Daher to supply a wide range of flat-rolled aluminium products, particularly for the TBM and Kodiak aircraft.

Key Points: 
  • PARIS, Jan. 10, 2023 (GLOBE NEWSWIRE) -- Constellium SE (NYSE: CSTM) announced today that it has entered into a multi-year contract with Daher to supply a wide range of flat-rolled aluminium products, particularly for the TBM and Kodiak aircraft.
  • With this new agreement, Constellium expands its customer portfolio for business and regional jets and becomes the strategic aluminium supplier for Daher.
  • Under this new contract, Constellium and Daher will cooperate on joint supply chain initiatives and product development.
  • Constellium will support TBM and Kodiak aircraft development as their production rate is increasing and will collaborate with Daher on the design of new solutions to further lightweight aircraft along with respective sustainability commitments.

Xator Selected For Task Orders Of Up To $79.5M Supporting USAF Integrated Base Defense Security System

Retrieved on: 
Monday, January 9, 2023

CENTREVILLE, Va., Jan. 09, 2023 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that Xator, LLC, a Parsons company, won prime and major subcontractor positions on the United States Air Force (USAF) Integrated Base Defense Security System (IBDSS) task order contract, which will deliver modernization and sustainment solutions for the USAF through 2027.

Key Points: 
  • CENTREVILLE, Va., Jan. 09, 2023 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that Xator, LLC, a Parsons company, won prime and major subcontractor positions on the United States Air Force (USAF) Integrated Base Defense Security System (IBDSS) task order contract, which will deliver modernization and sustainment solutions for the USAF through 2027.
  • Xator is eligible to receive up to $79.5 million of task order work that expands on the company’s existing Force Protection Site Security System Solutions contract to provide foundational and integrated security solutions to the Air Force’s global operations.
  • “Today’s threat environment requires complex solutions that enable seamless physical to digital layered defense.
  • Parsons and Xator have a long history of partnering with our government customers to combat these complex challenges with innovative technology solutions.

Avionics Systems Market To Reach USD 41860 Million By 2027 at a CAGR of 4.6%| Valuates Reports

Retrieved on: 
Wednesday, January 11, 2023

The global Avionics Systems market was valued at USD 30630 million in 2020 and it is expected to reach USD 41860 million by the end of 2027, growing at a CAGR of 4.6% during 2021-2027.

Key Points: 
  • The global Avionics Systems market was valued at USD 30630 million in 2020 and it is expected to reach USD 41860 million by the end of 2027, growing at a CAGR of 4.6% during 2021-2027.
  • The Avionics Systems Market is anticipated to be driven by the increasing need for hardware systems in airplanes.
  • With a market share of over 45%, North America is the world's biggest producer of avionics systems.
  • The increased need for cutting-edge avionics systems for both military and commercial applications is predicted to lead to a sizable market expansion.

Avionics Systems Market To Reach USD 41860 Million By 2027 at a CAGR of 4.6%| Valuates Reports

Retrieved on: 
Wednesday, January 11, 2023

The global Avionics Systems market was valued at USD 30630 million in 2020 and it is expected to reach USD 41860 million by the end of 2027, growing at a CAGR of 4.6% during 2021-2027.

Key Points: 
  • The global Avionics Systems market was valued at USD 30630 million in 2020 and it is expected to reach USD 41860 million by the end of 2027, growing at a CAGR of 4.6% during 2021-2027.
  • The Avionics Systems Market is anticipated to be driven by the increasing need for hardware systems in airplanes.
  • With a market share of over 45%, North America is the world's biggest producer of avionics systems.
  • The increased need for cutting-edge avionics systems for both military and commercial applications is predicted to lead to a sizable market expansion.

LCI SIGNS AGREEMENT WITH ELROY AIR FOR A COMMITTED ORDER OF UP TO 40 CHAPARRAL VTOL AIRCRAFT

Retrieved on: 
Wednesday, January 11, 2023

Under the terms of the deposit-backed agreement, LCI will initially acquire 20 aircraft with an option for a total of up to 40 units.

Key Points: 
  • Under the terms of the deposit-backed agreement, LCI will initially acquire 20 aircraft with an option for a total of up to 40 units.
  • The VTOL aircraft are currently under development at Elroy Air's facility in South San Francisco, California.
  • "Through our agreement with LCI, the Chaparral will be available for financing - enabling much broader access to the aircraft.
  • The new VTOL aircraft will complement LCI's existing fleet of modern helicopters and fixed wing aircraft.

LCI SIGNS AGREEMENT WITH ELROY AIR FOR A COMMITTED ORDER OF UP TO 40 CHAPARRAL VTOL AIRCRAFT

Retrieved on: 
Wednesday, January 11, 2023

Under the terms of the deposit-backed agreement, LCI will initially acquire 20 aircraft with an option for a total of up to 40 units.

Key Points: 
  • Under the terms of the deposit-backed agreement, LCI will initially acquire 20 aircraft with an option for a total of up to 40 units.
  • The VTOL aircraft are currently under development at Elroy Air's facility in South San Francisco, California.
  • "Through our agreement with LCI, the Chaparral will be available for financing - enabling much broader access to the aircraft.
  • The new VTOL aircraft will complement LCI's existing fleet of modern helicopters and fixed wing aircraft.