Pratt & Whitney

Investing in the Electric Aircraft Revolution

Retrieved on: 
Wednesday, April 3, 2024
Aircraft, EPS, Airbus CityAirbus, Transport, CAE Inc., Eye, CAE, Nextgen, USD, Pratt & Whitney, Partnership, Air travel, Joby, Macquarie Infrastructure Corporation, MacDill Air Force Base, City, Lilium Jet, UAM, USSOCOM, Joby Aviation, Safety, Compound annual growth rate, KULR, Advanced Air Mobility, United States Air Force, Strategic planning, CENTCOM, EASA, Eviation Alice, Research, News, Lilium, EHang, AMC, TRS, Air Mobility Command, Spacecraft, United States Central Command, Growth, FBO, Aviation, AAM, Airline

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.

Key Points: 
  • 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

Retrieved on: 
Thursday, April 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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Tuesday, April 2, 2024
Aircraft, Midnight, Failure, Noise, ACHR, Transport, CAE Inc., Carbon, CAE, USD, Pratt & Whitney, Archery, Partnership, Air travel, Joby, PALM, Economic development, Macquarie Infrastructure Corporation, City, Lilium Jet, Joby Aviation, Safety, KULR, Advanced Air Mobility, EASA, Medicine, News, Acquisition, Adjustment, Lilium, TRS, Engineering, Dayton International Airport, Spacecraft, The Company, FBO, Aviation, Blade, Airport, Airline

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

Retrieved on: 
Tuesday, April 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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Tuesday, March 26, 2024
Knowledge, CDR, Lockheed, Artificial intelligence, EVO, L3Harris Technologies, Air force, General Dynamics, PCM, USD, Lockheed Martin, Research, NOC, Pratt & Whitney, Partnership, Risk, PALM, Electronics, Radio, The, KULR, F-35, General Dynamics Land Systems, LMT, News, Acquisition, Missile Defense Agency, NGI, Northrop Grumman, Engineering, ICBM, Critical, Element, Growth, MDA, United, Marketing, Grumman, EMD, Jet fuel

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

Retrieved on: 
Tuesday, April 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

Retrieved on: 
Thursday, March 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.

Key Points: 
  • 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.

Global Commercial Aviation Turbofan Engines Benchmark Analysis Report 2024: Comparative SWOT & Strategy Focus of the Top 4 Companies - GE Aerospace, Pratt & Whitney, Rolls Royce, Safran - ResearchAndMarkets.com

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Friday, March 29, 2024
Aerospace, Manufacturing, Air, Transport, Engineering, Aircraft, Comparative, GE Aviation, RPK, Challenge, Pratt & Whitney, Risk, Growth, Original equipment manufacturer, Shock, MRO, Forecast, Carbon, IATA, Sustainability, MAX, PW1000, Movement, SAF, Airline

The "Top 4 Companies in the Global Commercial Aviation Turbofan Engines Market: GE Aerospace, Pratt & Whitney, Rolls Royce, Safran - Comparative SWOT & Strategy Focus, 2024-2027" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Top 4 Companies in the Global Commercial Aviation Turbofan Engines Market: GE Aerospace, Pratt & Whitney, Rolls Royce, Safran - Comparative SWOT & Strategy Focus, 2024-2027" report has been added to ResearchAndMarkets.com's offering.
  • The global economy, however, is projected to be heading towards a slowdown in 2024 following continued monetary policy tightening posture by central banks globally over the recent years to check inflation.
  • However, any further, major potential shock at this time could send the global economy spiraling down into a recessionary cycle.
  • Against this backdrop, the report provides comprehensive insights into the Top 4 Global Commercial Aviation Turbofan Engine Manufacturers with focus on a blend of quantitative & qualitative analysis.

Agilis Engineering's Outstanding Performance Recognized by Pratt & Whitney

Retrieved on: 
Monday, April 1, 2024
Culture, Innovation, Pratt & Whitney, Agilis, PALM, Customer, Engineering, BEACH, RTX

PALM BEACH GARDENS, Fla. , April 1, 2024 /PRNewswire/ -- Agilis Engineering, Inc. ("Agilis"), proudly announces its latest achievement—being honored with the 2023 Quality and Customer Satisfaction Award by Pratt & Whitney (P&W).

Key Points: 
  • PALM BEACH GARDENS, Fla. , April 1, 2024 /PRNewswire/ -- Agilis Engineering, Inc. ("Agilis"), proudly announces its latest achievement—being honored with the 2023 Quality and Customer Satisfaction Award by Pratt & Whitney (P&W).
  • This was revealed at the Pratt & Whitney Supplier Summit on November 2, 2023 in East Hartford, CT.
    Pratt & Whitney, a global leader in aircraft engine manufacturing, sets exceptionally high standards for its suppliers.
  • Agilis Engineering was recognized based upon a variety of key performance metrics such as quality, delivery and customer satisfaction that Pratt & Whitney evaluated on.
  • Spencer Parry, an Integrated Product Team Lead at Agilis, emphasizes, "Quality and Customer Satisfaction are the cornerstones of Agilis' culture.

RTX's Pratt & Whitney receives full funding for F135 Engine Core Upgrade in FY 2024 Defense Appropriations bill

Retrieved on: 
Saturday, March 23, 2024
Congress, F135, Pratt & Whitney, Department of Defence, ECU, RTX, Government, F-35, Jet fuel

EAST HARTFORD, Conn., March 23, 2024 /PRNewswire/ -- Pratt & Whitney, an RTX (NYSE: RTX) business, has received full funding in the recently passed fiscal year 2024 Defense Appropriations bill for its F135 Engine Core Upgrade, which will modernize the F-35's propulsion system to increase durability and fully-enable Block 4 capabilities and beyond starting in 2029. 

Key Points: 
  • EAST HARTFORD, Conn., March 23, 2024 /PRNewswire/ -- Pratt & Whitney, an RTX (NYSE: RTX) business, has received full funding in the recently passed fiscal year 2024 Defense Appropriations bill for its F135 Engine Core Upgrade, which will modernize the F-35's propulsion system to increase durability and fully-enable Block 4 capabilities and beyond starting in 2029.
  • "This bill will allow Pratt & Whitney to deliver the current and future propulsion capabilities that will keep the United States and its allies on the cutting edge of fighter engine technology," said Jill Albertelli, president of Pratt & Whitney Military Engines.
  • $497 million was allocated to the F135 ECU, which will move into detailed design later this year.
  • Pratt & Whitney remains well-positioned to support concurrent development programs with the capacity and expertise to meet customers' evolving propulsion needs.