Black Hawk

Habitat for Humanity's corporate partners support affordable housing this holiday season

Retrieved on: 
Thursday, November 9, 2023

ATLANTA, Nov. 9, 2023 /PRNewswire/ -- Throughout the holiday season, several corporate partners are working alongside Habitat for Humanity to support the organization's vision of a world where everyone has a decent place to live.

Key Points: 
  • ATLANTA, Nov. 9, 2023 /PRNewswire/ -- Throughout the holiday season, several corporate partners are working alongside Habitat for Humanity to support the organization's vision of a world where everyone has a decent place to live.
  • "At Habitat, we understand the impact of having a safe place to call home, especially during the holiday season," said Tolli Love, chief development officer at Habitat for Humanity International.
  • This holiday season, retailers across the US will have gift cards displaying the Habitat for Humanity International logo.
  • This holiday season, Nissan is proud to partner with Habitat for Humanity to bring people together to build homes, communities and hope.

Kratos Awarded $16 Million+ Contract for Avionics Trainers for the Australian Defence Force (ADF)

Retrieved on: 
Thursday, October 19, 2023

The contract, valued at $16,917,796, is a Foreign Military Sales award issued by the United States Army’s Program Executive Office (PEO) Aviation Utility Project Office.

Key Points: 
  • The contract, valued at $16,917,796, is a Foreign Military Sales award issued by the United States Army’s Program Executive Office (PEO) Aviation Utility Project Office.
  • The end customer is the Australian Defence Force (ADF) Rotary Wing Aircraft Maintenance School (RAMS) located at the Army Aviation Centre, Swartz Barracks, Oakey, Queensland Australia.
  • The three UH-60M avionics trainers will become part of the ADF’s new UH-60M maintenance training capability and complement the existing Kratos CH-47F avionics trainer at RAMS.
  • The UH-60M MBRAT is a full-task trainer of all avionics systems that invokes a virtual immersive environment and spatial physical awareness.

Northern Virginia Chamber of Commerce Honors PenFed Credit Union CEO James Schenck with Lifetime Service Award

Retrieved on: 
Tuesday, September 12, 2023

TYSONS, Va., Sept. 12, 2023 /PRNewswire/ -- The Northern Virginia Chamber of Commerce, today presented PenFed Credit Union President/CEO and PenFed Foundation CEO James Schenck with the Lifetime Service Award for his outstanding contributions to help veterans succeed. The award ceremony was attended by hundreds of business leaders and held at the Army Navy Country Club.

Key Points: 
  • TYSONS, Va., Sept. 12, 2023 /PRNewswire/ -- The Northern Virginia Chamber of Commerce , today presented PenFed Credit Union President/CEO and PenFed Foundation CEO James Schenck with the Lifetime Service Award for his outstanding contributions to help veterans succeed.
  • The award ceremony was attended by hundreds of business leaders and held at the Army Navy Country Club.
  • "I'm honored to accept this award on behalf of my amazing network of colleagues, friends, and mentors who have positively influenced my career over the past 35 years," said Schenck during his remarks.
  • Schenck is a graduate of the U.S. Military Academy West Point and Harvard Business School.

Odysight.ai Inc. Announces Website Posting of Letter to Shareholders

Retrieved on: 
Wednesday, August 30, 2023

The letter to shareholders is reproduced below.

Key Points: 
  • The letter to shareholders is reproduced below.
  • It has been nearly a year since I assumed the role of CEO at Odysight.ai, formerly known as ScoutCam Inc. (SCTC).
  • We are building on the proven abilities of our microsensors in the medical field and even in outer space, both safety critical industries.
  • Our promise: we enable our customers to become leaders through groundbreaking video sensor-based solutions combined with AI-based insight for critical systems.

'Every flight is a learning event’: why the V-22 Osprey aircraft won’t be grounded despite dozens of crashes and 54 fatalities

Retrieved on: 
Monday, August 28, 2023

At the weekend a V-22 Osprey aircraft crashed on Melville Island north of Darwin.

Key Points: 
  • At the weekend a V-22 Osprey aircraft crashed on Melville Island north of Darwin.
  • The Osprey is a relatively new type of aircraft, with a patchy track record for safety.

What is the V-22 Osprey?

    • The Osprey has long been controversial, initially for its high cost and long development time, and in recent years for safety concerns.
    • The Osprey is at the leading edge of aviation technology, with nothing else in operational service like it.

Why is the Osprey so useful?

    • The Marine Corps is famous for landing soldiers across beaches during combat but in the modern era this is difficult.
    • The Osprey solves this by allowing amphibious ships to remain hundreds of kilometres at sea and launch assaults onto the beach “from over the horizon”.
    • The Marines first brought the Osprey into service in 2007, and it has been central to the adoption of a whole new way of war.

Why is the Osprey’s safety record so patchy?

    • The downside of being leading-edge technology is having little historical experience of similar aircraft to fall back on.
    • Every Osprey flight is a learning event for the pilots, the maintenance personnel and the aircraft’s manufacturer.
    • The central concern today is flying safety and here the Osprey has a mixed record.

Will the Osprey get safer?

    • As the Osprey has flown more, more knowledge has been gained and the accident rate has declined.
    • This all compares very unfavourably with American civil aviation, which has a much better safety record.
    • Historically, the safety record of revolutionary aircraft like the Osprey improves as more operating experience is gained and unknown technical problems are found and addressed.

Will we see more tiltrotors like the Osprey in future?

    • The US Army has chosen a new generation tiltrotor, the V-280 Valor, to replace its ageing Blackhawk helicopters.
    • Tiltrotors like the Osprey and its successors are likely to fly in Australian skies well into the future.

First Mid Bancshares, Inc. Completes Acquisition of Blackhawk Bancorp, Inc.

Retrieved on: 
Tuesday, August 15, 2023

MATTOON, Ill., Aug. 15, 2023 (GLOBE NEWSWIRE) -- First Mid Bancshares, Inc. (NASDAQ: FMBH) (“First Mid” or the “Company”) announced today that the acquisition of Blackhawk Bancorp, Inc. (“Blackhawk”) has been completed.

Key Points: 
  • MATTOON, Ill., Aug. 15, 2023 (GLOBE NEWSWIRE) -- First Mid Bancshares, Inc. (NASDAQ: FMBH) (“First Mid” or the “Company”) announced today that the acquisition of Blackhawk Bancorp, Inc. (“Blackhawk”) has been completed.
  • With the completion of this acquisition, First Mid has approximately $8.0 billion in total assets.
  • The conversion of accounts from Blackhawk is expected to happen in December of this year.
  • “We welcome Blackhawk’s customers and employees to First Mid and are excited to provide expanded services to the strong relationships Blackhawk has built,” said Joe Dively, First Mid Chairman and Chief Executive Officer.

IAI (Israel Aerospace Industries) Selects Odysight.ai's Cutting-Edge Health Monitoring Solution for UH60 (Blackhawk) Helicopters Based on Highly Resilient Video Sensors, Embedded Software, and AI Algorithms

Retrieved on: 
Monday, July 31, 2023

The collaboration between Odysight.ai and IAI signifies a substantial advancement in the field of helicopter monitoring systems.

Key Points: 
  • The collaboration between Odysight.ai and IAI signifies a substantial advancement in the field of helicopter monitoring systems.
  • "We are extremely excited about working with IAI" said Yehu Ofer, CEO of Odysight.ai.
  • Mr. Ofer continued: "This is a very significant step forward for Odysight.ai from both a technological and business perspective.
  • There are many thousands of UH60 helicopters around the world which could benefit from our technology and we are hopeful of generating significant revenues from such customers in coming years.”

First Mid Bancshares, Inc. Announces Second Quarter 2023 Results

Retrieved on: 
Thursday, July 27, 2023

Net interest income for the second quarter of 2023 decreased by $0.8 million, or 1.9% compared to the first quarter of 2023.

Key Points: 
  • Net interest income for the second quarter of 2023 decreased by $0.8 million, or 1.9% compared to the first quarter of 2023.
  • Net interest margin, on a tax equivalent basis, was 2.84% for the second quarter of 2023, which was 10 basis points lower compared to the prior quarter.
  • Noninterest income for the second quarter of 2023 was $19.5 million compared to $22.5 million in the first quarter of 2023.
  • Noninterest expense for the second quarter of 2023 totaled $40.0 million compared to $41.6 million in the prior quarter.

Hexcel Reports 2023 Second Quarter Results

Retrieved on: 
Monday, July 24, 2023

Commercial Aerospace sales of $264.3 million for the second quarter of 2023 increased 16.1% (15.4% in constant currency) compared to the second quarter of 2022.

Key Points: 
  • Commercial Aerospace sales of $264.3 million for the second quarter of 2023 increased 16.1% (15.4% in constant currency) compared to the second quarter of 2022.
  • Other Commercial Aerospace increased 13.3% for the second quarter of 2023 compared to the second quarter of 2022 reflecting growth in business jets.
  • Gross margin for the second quarter of 2023 was 24.4% compared to 22.8% in the second quarter of 2022, increasing on higher sales volume leverage.
  • As a percentage of sales, selling, general and administrative and R&T expenses for the second quarter of 2023 were 10.8% compared to 11.4% for the second quarter of 2022.

Comparative SWOT & Strategy Focus of the World's Top 5 Military Helicopter & Rotorcraft Manufacturers 2023-2027 - ResearchAndMarkets.com

Retrieved on: 
Thursday, July 6, 2023

The "Comparative SWOT & Strategy Focus - 2023-2027 - World's Top 5 Military Helicopter & Rotorcraft Manufacturers - Airbus Helicopters, Bell, Boeing, Leonardo, Sikorsky" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Comparative SWOT & Strategy Focus - 2023-2027 - World's Top 5 Military Helicopter & Rotorcraft Manufacturers - Airbus Helicopters, Bell, Boeing, Leonardo, Sikorsky" report has been added to ResearchAndMarkets.com's offering.
  • The European Union (EU), too, is looking at the future having launched the Next Generation Military Helicopter (NGMH) program, under PESCO, geared towards converting the next generation rotorcraft technologies into deployable solutions either as a retrofit over existing platforms or as a scratch-up platform in itself.
  • U.K.'s upcoming NMH program is going to be a key, near term growth avenue for the industry OEMs.
  • China's rapid military build-up & emergence as the regional belligerent power in the Asia-Pacific has other nations in the region spooked up setting off one of the biggest arms race in the APAC.