Jacobs | November 18, 2022
Jacobs congratulates NASA on the successful launch of the agency's Space Launch System (SLS) rocket and Orion spacecraft for the Artemis I mission, which lifted off Nov. 16 from historic Launch Pad 39B at Kennedy Space Center (KSC) in Florida. Artemis I is the first test flight in a series of increasingly complex missions under Artemis, NASA's deep space human exploration endeavor, which aims to land the first woman and the first person of color on the moon and establish a sustainable human future in deep space. Powered by the SLS rocket, the uncrewed test flight will send Orion on a trajectory to orbit the moon, returning to earth and culminating in a Pacific Ocean splashdown. As the prime contractor at KSC for NASA's Exploration Ground Systems (EGS) program, Jacobs is responsible for receiving all SLS and Orion flight hardware, assembling and integrating all the components, developing the launch control software, conducting final test and checkout, transporting the vehicle to the pad, supporting the launch and helping conclude the mission with the recovery of Orion.
"NASA's Artemis I launch is a major milestone in the agency's new era of human spaceflight in deep space, and the first phase for humanity's return to the lunar surface, Jacobs teams across multiple NASA centers, contracts and programs are committed to providing innovative solutions and technologies in support of NASA's quest to explore deep space."
Jacobs Critical Mission Solutions EVP and President Steve Arnette.
Jacobs is also supporting the SLS and Orion development at multiple NASA centers. That work includes extensive verification and validation testing of Artemis I flight components. At Marshall Space Flight Center, Jacobs supported NASA in completing the SLS rocket's structural testing campaign, a nearly three-year structural test series that qualified the structural design of multiple hardware elements for the rocket. At Johnson Space Center (JSC), a team of engineers developed and tested the Orion re-entry parachute system that will slow down the capsule for splashdown. Jacobs also worked across five NASA centers to help develop and successfully test the reliability of NASA's Orion launch abort system. To enable the journey to the moon and beyond, trajectory models will play an important role in Artemis missions from launch through lunar surface operations. At JSC, a NASA and Jacobs team developed the trajectory plan for the orbital flight path of Artemis I. As NASA's largest services contractor, Jacobs is a provider and integrator of full lifecycle aerospace capabilities, including design and construction; base, mission and launch operations; sustaining capital maintenance; secure and intelligent asset management; and development, modification, and testing processes for fixed assets supporting national government, military, defense and NASA, as well as commercial space companies. At Jacobs, we're challenging today to reinvent tomorrow by solving the world's most critical problems for thriving cities, resilient environments, mission-critical outcomes, operational advancement, scientific discovery and cutting-edge manufacturing, turning abstract ideas into realities that transform the world for good. With $14 billion in revenue and a talent force of more than 55,000, Jacobs provides a full spectrum of professional services including consulting, technical, scientific and project delivery for the government and private sector. Visit jacobs.com and connect with Jacobs on Facebook, Instagram, LinkedIn and Twitter. Certain statements contained in this press release constitute forward-looking statements as such term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements are intended to be covered by the safe harbor provided by the same. Statements made in this release that are not based on historical fact are forward-looking statements. When used herein, words such as "expects," "anticipates," "believes," "seeks," "estimates," "plans," "intends," "future," "will," "would," "could," "can," "may," and similar words are intended to identify forward-looking statements. We base these forward-looking statements on management's current estimates and expectations as well as currently available competitive, financial and economic data. Forward-looking statements, however, are inherently uncertain. There are a variety of factors that could cause business results to differ materially from our forward-looking statements. including, but not limited to, the timing of the award of projects and funding under the Infrastructure Investment and Jobs Act, as well as general economic conditions, including inflation and the actions taken by monetary authorities in response to inflation, changes in interest rates, foreign currency exchange rates, changes in capital markets, geopolitical events and conflicts, and the impact of the COVID-19 pandemic, including the related reaction of governments on global and regional market conditions and the company's business, among others. For a description of some additional factors that may occur that could cause actual results to differ from our forward-looking statements, see the discussions contained under Item 1 - Business; Item 1A - Risk Factors; Item 3 - Legal Proceedings; and Item 7 - Management's Discussion and Analysis of Financial Condition and Results of Operations in our most recently filed Annual Report on Form 10-K, ,and Item 2 - Management's Discussion and Analysis of Financial Condition and Results of Operations; Item 1 - Legal Proceedings; and Item 1A - Risk Factors in our most recently filed Quarterly Report on Form 10-Q, as well as the company's other filings with the Securities and Exchange Commission. The company is not under any duty to update any of the forward-looking statements after the date of this press release to conform to actual results, except as required by applicable law.
Valmont Industries | November 11, 2022
Valmont Industries, Inc., a global leader that provides vital infrastructure and advances agricultural productivity while driving innovation through technology, is pleased to announce that the Federal Aviation Administration (FAA) granted the company a nationwide Beyond Visual Line of Sight (BVLOS) waiver. The BVLOS waiver gives Valmont the ability to fly their multi-hour capable unmanned drones for commercial inspections of utility lines across the nation at a moment’s notice, eliminating the need to wait for geographic approval from the FAA. In addition to the removal of the geographic restriction, the entire diverse fleet of Valmont’s unmanned aerial systems were included. nThis nationwide waiver goes hand in hand with the primary goal of Valmont providing our customers more efficient and timely service through technology,” says Angi Chamberlain, vice president UAS Technology Services for Valmont. “Using drone technology allows us to reduce costs and provide an improved alternative to manned aviation.
Using drone technology allows Valmont to collect high-resolution images and infrastructure performance data safely and quickly. It also opens the door to future waivers as the company moves toward a completely autonomous solution.
“To our knowledge, we are one of the first five entities to receive this waiver arrangement,” We see this as a clear endorsement from the FAA, acknowledging that Valmont has the right people, training, technology and a proven history for continuous advancement of operational innovation.”
Aaron Schapper, Valmont group president Infrastructure
About Valmont Industries, Inc.
For over 75 years, Valmont® has been a global leader in creating vital infrastructure and advancing agricultural productivity. Today, we remain committed to doing more with less by innovating through technology.
CDB Aviation | November 14, 2022
CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (“CDB Leasing”), announced on the sidelines of Airline Economics Growth Frontiers Asia Pacific 2022 conference the signing of lease agreements for a fleet of six Airbus A320neo aircraft with India’s leading airline, Air India. CDB Aviation is among the first aircraft leasing companies to secure the placement of Air India’s additional A320neo aircraft under the recently announced multi-stage transformation plan since the purchase of the airline by Tata group, which aims to increase the carrier’s fleet and help it boost both domestic and international operations. The aircraft will be delivered in the second half of 2023.
“Our commercial team is delighted to have worked closely with Air India to help solve their fleet requirements with these new Airbus narrowbody aircraft from our orderbook, These fuel-efficient, new generation aircraft are well suited to support Air India’s fleet revitalization initiatives, positioning the airline for sustained growth and profitability.’’
Ryan Barrett, CDB Aviation’s Head of Asia Pacific.
Commenting on the agreement, Nipun Aggarwal, Chief Commercial Officer of Air India, said: “This is an important agreement, which will help us to strengthen our fleet with state-of-the-art aircraft. This will boost our connectivity, especially on the short and medium-haul routes, and is an important step ahead in our transformation journey. India is an increasingly important region for CDB Aviation, being the second largest Asia Pacific market for new aircraft deliveries, with nearly 1,000 Boeing and Airbus jets in its orderbook,” explained Peter Goodman, CDB Aviation’s Chief Commercial Officer. “Our commercial team remains steadfast in its outreach efforts across Asia Pacific, leveraging our platform’s resources and scale to support the region’s airlines in restoring their networks and growing their fleets.
About Air India
Founded by the legendary JRD Tata, Air India pioneered India’s aviation sector. Since its first flight on October 15, 1932, Air India has an extensive domestic network and has spread its wings beyond to become a major international airline with a network across USA, Canada, UK, Europe, Far-East, South- East Asia, Australia and the Gulf. Air India is a member of Star Alliance, the largest global airline consortium. After 69 years as a government-owned enterprise, Air India and Air India Express were welcomed back into the Tata group in January 2022. The present management at Air India is driving the five-year transformation roadmap under the aegis of Vihaan.AI to establish itself as a world-class global airline with an Indian heart. www.airindia.in
About CDB Aviation
CDB Aviation is a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (“CDB Leasing”), a 36-year-old Chinese leasing company that is backed mainly by the China Development Bank. CDB Aviation is rated Investment Grade by Moody’s (A2), S&P Global (A), and Fitch (A+). China Development Bank is under the direct jurisdiction of the State Council of China and is the world’s largest development finance institution. It is also the largest Chinese bank for foreign investment and financing cooperation, long-term lending and bond issuance, enjoying Chinese sovereign credit rating.
China Eastern Airlines Global | November 08, 2022
China Eastern Airlines (CEA) signed an engine maintenance contract with Pratt & Whitney on Nov. 5, the opening day of the fifth China International Import Expo (CIIE), which is the first civil aviation purchase order inked at this year's CIIE
The contract is for the maintenance of CEA's V2500 engines of over 50 Airbus A320 aircraft, with an estimated contract value that accounts for over 50 percent of the total value of CEA's deals at the annual import-themed trade fair. CEA and Pratt & Whitney have cooperated with each other for over 20 years. Headquartered in CIIE's host city Shanghai, CEA participates in the world-class Expo for the fifth consecutive years as a core supporting enterprise, appointed air carrier, purchaser and service provider of CIIE.
The company and well-known suppliers from the US, the UK, Germany, the Netherlands, Singapore and Hong Kong, etc., have signed 15 deals worth more than $1.6 billion covering new technologies and new services in aviation. Both CEA's total value of deals and transaction volume this year have surpassed those of last year. Attaching much importance to aviation supplies, CEA signed 6 deals with world-renowned aviation companies such as Rolls-Royce, Air France-KLM, Lufthansa Technik, Collins Aerospace and Satair. The six deals are worth nearly 90 percent of the total value of the 15 deals.
The opportunities and platform created by the CIIE enable the CEA to further integrate itself with the innovative development pattern of the global aviation industry, deepen cooperation in and boost the steady development of industrial chains, and better serve the passengers, introduced an executive of CEA. CEA also aims to deepen mutually beneficial cooperative relations with world-leading enterprises such as Panasonic, GE, Pratt & Whitney and Honeywell at this year's CIIE, to contribute to global industrial recovery.