Aerospace

Warner Robins Air Logistics Complex Turns to Machina Labs for On Premise, Rapid Manufacturing of Aircraft Parts

Retrieved on: 
Wednesday, April 3, 2024

Machina Labs , which combines AI and robotics to rapidly manufacture advanced composite and metal products, today announced that the Warner Robins Air Logistics Complex (WR-ALC) at Robins Air Force Base is the first organization in the U.S. Air Force to utilize the company’s innovative Deployable System capable of manufacturing parts for repair and sustainment on various aircraft platforms.

Key Points: 
  • Machina Labs , which combines AI and robotics to rapidly manufacture advanced composite and metal products, today announced that the Warner Robins Air Logistics Complex (WR-ALC) at Robins Air Force Base is the first organization in the U.S. Air Force to utilize the company’s innovative Deployable System capable of manufacturing parts for repair and sustainment on various aircraft platforms.
  • Combining the power of AI and robotics with unparalleled portability, Machina Labs’ Deployable System enables WR-ALC to increase on-site production manufacturing for parts that have been difficult to source or are no longer being manufactured for aging aircraft.
  • Robins Air Force Base, located 100 miles south of Atlanta and 16 miles south of Macon, is the largest single-site industrial complex in Georgia, employing almost 24,000 civilians, contractors, and military members.
  • Machina’s technology allows Robins Air Force Base to overcome these challenges and rapidly begin producing parts immediately after setting up the Deployable System and at a lower cost than traditional methods.

Magnolia Advanced Materials adhesive 6389 A/B for Lockheed Martin now available in bulk kits for 5-gallon meter mixing

Retrieved on: 
Thursday, April 4, 2024

Magnolia Advanced Materials, Inc. today announced that its QPL/EMAP listing for Lockheed Martin specification LMA-MK003, Rev C, Form 1 for Magnolia 6389 A/B is available in bulk kits for 5-gallon meter mixing.

Key Points: 
  • Magnolia Advanced Materials, Inc. today announced that its QPL/EMAP listing for Lockheed Martin specification LMA-MK003, Rev C, Form 1 for Magnolia 6389 A/B is available in bulk kits for 5-gallon meter mixing.
  • Magnolia 6389 A/B is a carbon fiber filled epoxy designed for use as a liquid shim gap filler in composite applications that require high temperature resistance and compressive strengths.
  • Quality product list (QPL) is a list of products that have met the qualification requirements stated in the applicable specification.
  • “With Magnolia 6389 A/B available in bulk kits for 5-gallon meter mixing,” said Technical Director Gregg Bunn.

Avolon Q1 Business Update

Retrieved on: 
Thursday, April 4, 2024

Avolon, a leading global aviation finance company, issues an update for the first quarter (‘Q1’) of 2024.

Key Points: 
  • Avolon, a leading global aviation finance company, issues an update for the first quarter (‘Q1’) of 2024.
  • Executed 39 lease transactions comprising new aircraft leases, follow-on leases and lease extensions;
    Delivered 9 new aircraft and transitioned 3 aircraft to a total of 7 customers;
    Sold 9 aircraft and entered letters of intent for the sale of a further 17 aircraft;
    Entered into letters of intent for the sale and leaseback of 7 aircraft;
    Added 3 new customers, giving a total of 145 airline customers operating in 64 countries; and,
    Ended the quarter with an owned and managed fleet of 577 aircraft, with total orders and commitments for 456 fuel-efficient, new technology aircraft.
  • Raised US$1.4 billion of unsecured debt capital, comprised of:
    US$1.15 billion senior unsecured notes due 2029, and
    US$250 million unsecured term loan due 2026.

Crane Company Announces Date for First Quarter 2024 Earnings Release and Teleconference

Retrieved on: 
Friday, April 5, 2024

Crane Company (NYSE: CR) announces the following schedule and teleconference information for its first quarter 2024 earnings release:

Key Points: 
  • Crane Company (NYSE: CR) announces the following schedule and teleconference information for its first quarter 2024 earnings release:
    Teleconference: April 23, 2023 at 10:00 AM (Eastern) hosted by Max H. Mitchell, President & CEO, and Richard A. Maue, Executive Vice President & CFO.
  • The call can be accessed in a listen-only mode via the Company’s website www.craneco.com .
  • An accompanying slide presentation will also be available on the Company’s website.
  • Web Replay: Will be available on the Company’s website shortly after completion of the live call.

ATLAS Space Operations Proves Operational Hybrid Space Architecture Capability

Retrieved on: 
Thursday, April 4, 2024

ATLAS Space Operations recently completed the successful operational integration of a Department of Defense (DoD) antenna through ATLAS’ Freedom Software Platform - demonstrating true hybrid network capability.

Key Points: 
  • ATLAS Space Operations recently completed the successful operational integration of a Department of Defense (DoD) antenna through ATLAS’ Freedom Software Platform - demonstrating true hybrid network capability.
  • Hybrid Space Architecture (HSA) has long been a sought-after capability.
  • As part of an effort to prove operational HSA capability, ATLAS enabled a DoD satellite mission operations center to access both its assigned DoD ground station and a network of public commercial ground stations using a single seamless software interface.
  • “This is a critical step forward in hybrid network infrastructure, one that goes beyond commercial augmentation by simultaneously enabling network expansion across government agencies,” said John Williams, CEO of ATLAS.

Rocket Lab Announces Date of First Quarter 2024 Financial Results

Retrieved on: 
Wednesday, April 3, 2024

Rocket Lab USA, Inc. (“Rocket Lab” or “the Company”), a global leader in launch services and space systems, today announced that it will release its financial results for the first quarter 2024 following the close of the U.S. markets on Monday, May 6, 2024.

Key Points: 
  • Rocket Lab USA, Inc. (“Rocket Lab” or “the Company”), a global leader in launch services and space systems, today announced that it will release its financial results for the first quarter 2024 following the close of the U.S. markets on Monday, May 6, 2024.
  • Rocket Lab will host a corresponding conference call at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time).
  • Founded in 2006, Rocket Lab is an end-to-end space company with an established track record of mission success.
  • We deliver reliable launch services, satellite manufacture, spacecraft components, and on-orbit management solutions that make it faster, easier, and more affordable to access space.

Leonardo DRS Schedules First Quarter 2024 Earnings Conference Call for May 1, 2024

Retrieved on: 
Wednesday, April 3, 2024

Leonardo DRS, Inc. (Nasdaq: DRS) has scheduled a conference call for Wednesday, May 1, 2024 beginning at 10:00 a.m. (ET) to discuss its first quarter 2024 results.

Key Points: 
  • Leonardo DRS, Inc. (Nasdaq: DRS) has scheduled a conference call for Wednesday, May 1, 2024 beginning at 10:00 a.m. (ET) to discuss its first quarter 2024 results.
  • The company plans to issue its quarterly earnings press release prior to the conference call.
  • The live audio broadcast of Leonardo DRS’s conference call with corresponding press release and supplemental information will be available on the company’s investor relations website.
  • A replay will be available on the company’s website approximately two hours after the conclusion of the conference call and will remain available for 90 days.

Lincoln Electric Appoints Michele R. Kuhrt as Chief Transformation Officer

Retrieved on: 
Wednesday, April 3, 2024

Lincoln Electric Holdings, Inc. (Nasdaq: LECO) (“Company”), announced today that Michele R. Kuhrt has been appointed as Executive Vice President, Chief Transformation Officer (CTO), effective April 8, 2024.

Key Points: 
  • Lincoln Electric Holdings, Inc. (Nasdaq: LECO) (“Company”), announced today that Michele R. Kuhrt has been appointed as Executive Vice President, Chief Transformation Officer (CTO), effective April 8, 2024.
  • She will continue to serve as a member of the executive leadership team and report to Steven B. Hedlund, President and Chief Executive Officer.
  • View the full release here: https://www.businesswire.com/news/home/20240403151965/en/
    Michele Kuhrt appointed as Executive Vice President, Chief Transformation Officer at Lincoln Electric.
  • “I am excited to appoint Michele as our first Chief Transformation Officer,” stated Mr. Hedlund.

Global Advanced Carbon Materials Market Trends, Opportunity, and Forecast, 2018-2028F: Significant Growth in Aerospace & Defense Sector, Driven by Rising Demand for Lightweight Materials - ResearchAndMarkets.com

Retrieved on: 
Wednesday, April 3, 2024

The Advanced Carbon Materials Market is projected to showcase substantial growth in the upcoming decade due to the intensifying demand for high-performance materials in various industries including aerospace, defense, electronics, and energy.

Key Points: 
  • The Advanced Carbon Materials Market is projected to showcase substantial growth in the upcoming decade due to the intensifying demand for high-performance materials in various industries including aerospace, defense, electronics, and energy.
  • The versatility and adaptability of advanced carbon materials are fueling a trend where customization is key.
  • The global drive towards sustainability and efforts to diminish carbon footprints have been major catalysts propelling the advanced carbon materials market.
  • The industry is tasked with circumventing the high production costs associated with advanced carbon materials, which can limit broader market access.

ATSG Highlights Progress in Third Annual Sustainability Report

Retrieved on: 
Wednesday, April 3, 2024

Air Transport Services Group, Inc. (Nasdaq: ATSG), the world’s largest lessor of freighter aircraft, has published its 2023 Sustainability Report to provide information about significant sustainability efforts made by the company in 2023.

Key Points: 
  • Air Transport Services Group, Inc. (Nasdaq: ATSG), the world’s largest lessor of freighter aircraft, has published its 2023 Sustainability Report to provide information about significant sustainability efforts made by the company in 2023.
  • Creating the ATSG Charitable Foundation, a 501(c)(3) non-profit organization dedicated to supporting the communities where ATSG operates.
  • “We are proud of the progress the ATSG team has made in 2023, but we recognize that there is still more work to be done," said Hete.
  • To learn more about ATSG’s environmental, social and governance efforts and view the full Sustainability Report, visit https://www.atsginc.com/responsibility/sustainability.