Short Interest Update on B/E Aerospace (BEAV)

B/E Aerospace | August 25, 2016

B/E Aerospace (BEAV) : The bears are holding on to their shorts in Accenture Plc with 11 more days remaining for them to cover their positions. The bearish positions have increased from 8,830,925 on Jul 29, 2016, to 8,931,695, on August 15, 2016. Daily, 805,818 shares are traded, which shows the high interest of the traders in the stock. The net addition of short open interest is 100,770 shares, which is an increase of just 1.1%.

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BUSINESS AVIATION

Advanced Space Announces CAPSTONE Separation To Start Solo Journey Mission to Moon for NASA

Advanced Space | July 05, 2022

Advanced Space LLC., a leading commercial space tech company pioneering the pathfinder mission, spacecraft separated from Rocket Lab's Photon upper stage after its launch on June 28. The Cislunar Autonomous Positioning System Technology Operations and Navigation Experiment spacecraft has orbited Earth while raising its position to be thrusted beyond low-Earth orbit on a trajectory to the Moon. Advanced Space and Terran Orbital teams will take over operations for CAPSTONE as the spacecraft bids farewell to its ride from Rocket Lab. CAPSTONE™ is owned and operated by Advanced Space on behalf of NASA. It will be one of the first CubeSats, or small satellites, to fly in cislunar space – the orbital area near and around the Moon – and demonstrate an innovative spacecraft-to-spacecraft navigation technology. "Our Advanced Space team has been prepared and ready to manage and navigate the CAPSTONE mission for months. I have been in the industry for over 40 years, and to see a spacecraft of this size perform this type of lunar mission demonstrates how technological advancements have made possible this class of mission to succeed. It is extraordinary to contribute to the industry in this groundbreaking manner." Thomas Gardner, Advanced Space director of engineering and the CAPSTONE program manager The microwave-sized spacecraft, built and designed by Terran Orbital, will now use its own propulsion and the Sun's gravity to reach the Near Rectilinear Halo Orbit around the Moon. The NRHO is the orbit planned for NASA's Gateway, a lunar space station that is part of the Artemis Program. "Getting to this point, we have learned a tremendous amount already, and the time has come to execute our unique expertise for this monumental Moon mission for NASA," said Bradley Cheetham, Advanced Space chief executive officer and CAPSTONE principal investigator. "Over eleven years ago, we started Advanced Space with a purpose to enable the sustainable exploration, development, and settlement of space. CAPSTONE represents the manifestation of our focus on building programs and technologies that will enable this vision for the future." About Advanced Space Advanced Space supports the sustainable exploration, development, and settlement of space through software and services that leverage unique subject matter expertise to improve the fundamentals of spaceflight. Advanced Space is dedicated to improving flight dynamics technology development and expedited turn-key missions to the Moon, Mars, and beyond. Learn more about what Advanced Space is creating; check out the CAPSTONE mission page.

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DEFENSE AND SPACE

AUTOMATION PIVOTAL TO STABILITY, PREDICTABILITY TO WAREHOUSE OPERATIONS, HONEYWELL REPORT SHOWS

Honeywell | July 13, 2022

Relentless eCommerce trends continue to put tremendous strain on distribution and fulfillment operations worldwide. A new Honeywell report reveals once-predictable consumer demand cycles centered around holidays and "peak seasons" have given way to a model where any month, week or day can be a holiday. Warehouse Automation: Future-Proofing the Global Economy, authored by Futurum Research, examines the importance of automation as an increasingly critical component in helping warehouse and distribution center operators meet new escalation points in consumer demand. "One of the biggest predictors of how a business will thrive in the hypercompetitive e-commerce and omnichannel marketplace is how well it improves its decision making in real time to make deliveries faster and more accurate. With rising service level agreements dictating order fulfillment process improvements, automation can help bring stability, predictability and potentially unlock greater efficiency to their operations." Keith Fisher, president of Honeywell Intelligrated "While warehouses have historically had a sense of predictability in demand cycles, we found that in today's warehouses and DCs, every day is as busy as peak," said Shelly Kramer, principal analyst and founding partner of Futurum Research. "While we can assume the level of strain this has placed on supply chain and fulfillment operations, we were able to get a better grasp of how businesses are approaching this shift in consumer expectations and adopting the right automation to meet their long-term business goals." The report also explores how the ongoing pandemic, global trade issues and regional conflicts have created long-term disruptions to the historically predictable throughput and capacity of warehouses and DCs. From concept and integration, Honeywell Intelligrated draws on its expanding portfolio and deep industry expertise to help warehousing, distribution and fulfillment companies optimize and manage their processes. The business offers integrated end-to-end automation solutions, warehouse execution systems and analytics solutions to improve throughput and keep workers safe. Honeywell Safety and Productivity Solutions provides products, software and connected solutions that improve productivity, workplace safety and asset performance for our customers across the globe. We deliver on this promise through industry-leading mobile devices, software, cloud technology and automation solutions, the broadest range of personal protective equipment and gas detection technology, and custom-engineered sensors, switches and controls. Honeywell is a Fortune 100 technology company that delivers industry-specific solutions that include aerospace products and services; control technologies for buildings and industry; and performance materials globally. Our technologies help aircraft, buildings, manufacturing plants, supply chains, and workers become more connected to make our world smarter, safer, and more sustainable.

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DEFENSE AND SPACE

Boeing to Open Japan Research Center and Expand Sustainability Partnerships

Boeing | August 01, 2022

Boeing will strengthen its partnership with Japan by opening a new Boeing Research and Technology center. The facility will focus on sustainability and support a newly expanded cooperation agreement with Japan's Ministry of Economy, Trade and Industry. Boeing and METI have agreed to broaden their 2019 Cooperation Agreement to now include a focus on sustainable aviation fuels electric and hydrogen powertrain technologies, and future flight concepts that will promote zero climate impact aviation. That is in addition to exploring electric and hybrid-electric propulsion, batteries, and composite manufacturing that will enable new forms of urban mobility. "We are excited to open our latest global research and technology center here in Japan. Working with terrific partners like METI, the new center will expand upon Boeing-wide initiatives in sustainable fuels and electrification, and explore the intersection of digitization, automation and high-performance aerospace composites for greater sustainability in our future products and production systems." said Greg Hyslop, Boeing chief engineer and executive vice president of Engineering, Test & Technology The BR&T – Japan Research Center will be located in Nagoya, which is already home to many of Boeing's major industrial partners and suppliers. The facility will further expand Boeing's research and development footprint in the region, which includes centers in Australia, China and Korea. Boeing is fully committed to supporting Japan's SAF industry and has been accepted as the latest member of ACT FOR SKY, a voluntary organization of 16 companies that works to commercialize, promote and expand the use of SAF produced in Japan. It was founded by Boeing airline customers All Nippon Airways (ANA) and Japan Airlines (JAL), along with global engineering company JGC Holdings Corporation, and biofuel producer Revo International. Masahiro Aika, representative of ACT FOR SKY, said, "ACT FOR SKY welcomes the participation of Boeing. We look forward to Boeing collaborating with the other members to "ACT" for the commercialization, promotion and expansion of SAF in Japan." In addition to becoming partners in ACT FOR SKY, Boeing has a long history of innovating with ANA and JAL on sustainable aviation, which includes pioneering SAF-powered flights and launching the ground-breaking 787 Dreamliner. Today, they signed agreements to work together to study advanced sustainable technologies, including electric, hybrid, hydrogen and other novel propulsion systems in an endeavor to reduce the carbon footprint of aircraft. Boeing Chief Sustainability Officer Chris Raymond added, "To ensure the enormous societal benefits of aviation remain available for generations to come, we must continue to partner with capable innovators and leaders to support the industry's commitment to net zero carbon emissions by 2050. We are humbled to join ACT FOR SKY and collaborate with other members to share global best practices and help with the scale up and demand of SAF in Japan. And we are honored to open the Japan Research Center and expand our work with airline customers ANA and JAL on advanced technologies to realize zero climate impact aviation." As a leading global aerospace company, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. As a top U.S. exporter, the company leverages the talents of a global supplier base to advance economic opportunity, sustainability and community impact. Boeing's diverse team is committed to innovating for the future, leading with sustainability, and cultivating a culture based on the company's core values of safety, quality and integrity.

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AIR TRANSPORT

MintAir and Jaunt Air Mobility Form Strategic Partnership and Sign eVTOL Letter of Intent for South Korean Advanced Air Mobility Market

mint air | August 30, 2022

MintAir is building an Advance Air Mobility service in the Republic of Korea and will work with Jaunt Air Mobility to launch commercial passenger air transportation operations in several Korean markets. "The Jaunt Journey's eVTOL design offers the safest air taxi configuration that is operationally efficient, quiet, and sustainable,” quoted Eugene Choi, CEO of MintAir.MintAir Co. LTD ("MintAir") signed a Letter of Intent with Jaunt Air Mobility LLC ("Jaunt") to form a strategic partnership and purchase Jaunt Journey electric vertical takeoff and landing (eVTOL) aircraft. MintAir has agreed to order up to 40 of Jaunt's aircraft to bring air mobility services to the Korean markets. MintAir will serve as Jaunt’s exclusive Advanced Air Mobility (AAM) partner in the Korean market.Jaunt is approaching the design and certification of an eVTOL from a unique market position utilizing Slowed Rotor Compound (SRC) technologies and partnerships with Tier 1 aerospace suppliers. "The Jaunt Journey's aircraft design offers the safest air taxi configuration that is operationally efficient, quiet, and sustainable," says Martin Peryea, CEO of Jaunt. Martin Peryea has more than 40 years of commercial aviation experience certifying rotorcraft. MintAir is building an AAM service in the Republic of Korea and will work with Jaunt to launch commercial passenger air transportation operations in several Korean markets. MintAir intends to launch AAM services with a particular type of eVTOL design, electric rotorcraft with a single main rotor like the Jaunt Journey. Electric rotorcraft provide superior safety through autorotation, energy-saving efficiency, lower operating costs, and a clear path to certification. "Our mission is to develop the safest Advanced Air Mobility service in both urban and rural environments based on sound ESG management,and “Jaunt Air Mobility is committed to those same principles throughout the aircraft's lifecycle. And we are confident the Jaunt Journey will transport the public with the highest level of safety." Eugene Choi, CEO of MintAir "We are pleased to team with MintAir to bring this new form of advanced air transportation to the Korean markets," said Simon Briceno, Chief Commercial Officer for Jaunt. "We are excited to showcase our safe and efficient aircraft to the Korean public." Jaunt Air Mobility aircraft will be designed and manufactured in Montreal, Canada. President Eric Cote stated, “Canada is a global exporter of aerospace and with customers like MintAir, Jaunt is developing partnerships worldwide.” About MintAir MintAir is a startup company building an Advanced Air Mobility Service in South Korea. MintAir's approach is to facilitate an ecosystem of partners to accelerate the adoption of electric flight in Korea. A former global engineering parts manufacturing company, MintAir will take advantage of its global business experience and network to accelerate the development of the Advanced Air Mobility ecosystem in Asia-Pacific markets. Beginning with air taxi operation, MintAir will specialize in electric rotorcraft with a large rotor common in a traditional helicopter. Electric rotorcraft provides superior safety under power loss situations through autorotation, energy saving better hover efficiency, lower operating cost, and a clear path to certification via existing regulations. For more information about the company, visit www.mintair.kr. About Jaunt Jaunt Air Mobility is a transformative aerospace company headquartered in Dallas, Texas, with design and manufacturing located in Montreal, Canada. Jaunt is building the next generation of eVTOL (electric Vertical Takeoff and Landing) and hybrid-electric VTOL aircraft for faster, quieter, and safer travel over urban areas, moving people and cargo. Jaunt is the global leader in developing Slowed Rotor Compound (SRC) technology. The Jaunt Journey is the world's first electric aircraft combining helicopter and airplane flight capabilities. Jaunt has teamed with Tier 1 aerospace partners to develop the Journey and work with global operators to provide this new form of travel. Jaunt offers the most operationally efficient aircraft with a zero-carbon footprint. Jaunt is a recognized global brand of AIRO Group Holdings, Inc. (“AIRO”). AIRO is a mid-tier aerospace and defense company offering industry-leading technology and services in Electric Air Mobility, Advanced Avionics, Commercial Drones and Training uniquely capable of addressing a broad spectrum of aerospace markets.

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