Spectrum Aeronautical to Exhibit at NBAA’s Light Business Airplane Conference
September 19, 2008
CARLSBAD, CA, SEPTEMBER 19, 2008 – Austin Blue, President of Spectrum Aeronautical, LLC, today announced plans to exhibit at the National Business Aviation Association’s (NBAA’s) inaugural Light Business Airplane Exhibition and & Conference (LBA).
The new NBAA event will be held in San Diego, CA from March 12-14, 2009, and will feature exhibits, educational sessions and a static display of airplanes all designed specifically for operators who rely on light business airplanes to help their companies succeed.
Ed Bolen, President and CEO of NBAA stated: “We are delighted to welcome Spectrum Aeronautical as an exhibitor at our first Light Business Airplane event. We’re also pleased that Austin Blue has agreed to serve on the committee of local industry experts who are helping guide our planning for the show. Austin is a visionary whose experience with light business airplane operations will help ensure that our new event is highly valued by those in attendance.”
Blue noted: “We applaud NBAA for developing an event directed at a dynamic and exciting part of the business airplane market. Also, in providing a West Coast venue, NBAA’s event presents an excellent opportunity to showcase our aircraft and their capabilities. The exhibition will specifically address the interests of our customers, and as an added bonus it is practically in our back yard.”
Spectrum’s Director of Sales, Gary Bushouse, added, “NBAA has really hit one out of the park with this event. Its West Coast location will provide options for those who may not get to Orlando this year. Also, specifically addressing light business aircraft operations is right on target with the direction of a key part of the industry.”
“We are looking forward to the LBA event as well as next year’s NBAA Convention in Orlando,” continued Blue. “While we’re focusing on the LBA for the short term, we also plan on being in Orlando next year and look forward to participating in the LBA event on an annual basis as well.”
COMPANY BACKGROUND
Spectrum Aeronautical, LLC
Spectrum Aeronautical, LLC, has operations in Spanish Fork, UT and in Carlsbad, California. The privately held company is developing the Freedom S.40, an eight-place mid-sized jet powered by GE Honda Aero Engines HF-120 fanjets, scheduled for certification in 2010; and also the Independence S.33, a seven-place light jet using Williams International’s FJ33-4A jet engines, scheduled for certification during 2011.
Both aircraft feature the company’s revolutionary fibeXTM advanced composite material technology, resulting in empty weights that are about 40% less than comparably sized aluminum aircraft. The light weight, combined with efficient next-generation fanjet engines, allows significant reduction in fuel consumption and emissions. Additional information, program progress and downloads of product photos can be found at: www.spectrum.aero.
Statement by AIA President and CEO Marion Blakey Regarding Defense Trade Treaties
September 19, 2008
ARLINGTON, Va., Sept. 19 /PRNewswire-USNewswire/ — We are very
disappointed that Congress has deferred approval of the U.S.-UK and
U.S.-Australian Defense Trade Cooperation Treaties. We had been optimistic
that they would be approved and signed by the president this session,
despite the press of last minute business facing the Senate. Even with this
setback, we are encouraged by progress this year in export control
modernization. The administration’s package of proposals released in
January, along with the rule clarifying export control treatment for civil
aircraft components in August, are significant steps forward in achieving a
system that is predictable, efficient and transparent. It is critical to
our nation’s security and economic prosperity to continue with
modernization efforts in the next administration and Congress, to include
passage and implementing these treaties.
Founded in 1919, the Aerospace Industries Association represents the
nation’s leading manufacturers and suppliers of civil, military, and
business aircraft, helicopters, unmanned aerial vehicles, space systems,
aircraft engines, materiel, and related components, equipment services, and
information technology.
Space Shuttle Endeavour Moves to Launch Pad 39B
September 19, 2008
CAPE CANAVERAL, Fla., Sept. 19 /PRNewswire-USNewswire/ — For the first
time since July 2001, two shuttles are on the launch pads at the same time
at NASA’s Kennedy Space Center. Space shuttle Endeavour completed a
4.2-mile journey to Launch Pad 39B on Friday, Sept. 19, at 6:59 a.m. EDT.
Endeavour left Kennedy’s Vehicle Assembly Building at 11:15 p.m.
Thursday, traveling at less than 1 mph atop a massive crawler-transporter.
Endeavour will stand by at pad B in the unlikely event that a rescue
mission is necessary during space shuttle Atlantis’ upcoming mission to
repair NASA’s Hubble Space Telescope, targeted to launch Oct. 10. After
Endeavour is cleared from its duty as a rescue spacecraft, it will be moved
to Launch Pad 39A for the STS-126 mission to the International Space
Station. That flight is targeted for launch Nov. 12.
Video file of rollout will be available on NASA Television. For NASA TV
downlink information, schedules and links to streaming video, visit:
http://www.nasa.gov/ntv
For information about the upcoming shuttle missions, visit:
http://www.nasa.gov/shuttle
Setting the Record Straight on F-35
September 19, 2008
FORT WORTH, Texas, Sept. 19 /PRNewswire-FirstCall/ — U.S. Air Force
analyses show the Lockheed Martin (NYSE: LMT) F-35 Lightning II is at least
400 percent more effective in air-to-air combat capability than the best
fighters currently available in the international market.
The Air Force’s standard air-to-air engagement analysis model, also
used by allied air forces to assess air-combat performance, pitted the 5th
generation F-35 against all advanced 4th generation fighters in a variety
of simulated scenarios. The results were clear: the F-35 outperformed the
most highly evolved fighters in aerial combat by significant margins.
“In all F-35 Program Office and U.S. Air Force air-to-air combat
effectiveness analysis to date, the F-35 enjoys a significant Combat Loss
Exchange Ratio advantage over the current and future air-to-air threats, to
include Sukhois,” said Maj. Gen. Charles R. Davis, F-35 program executive
officer.
Recent claims that Russian fighters defeated F-35s in a Hawaii-based
simulated combat exercise are untrue, according to Maj. Gen. Davis.
“The reports are completely false and misleading and have absolutely no
basis in fact,” Maj. Gen. Davis said. “The August 2008 Pacific Vision
Wargame that has been referenced recently in the media did not even address
air-to-air combat effectiveness. The F-35 is required to be able to
effectively defeat current and projected air-to-air threats. All available
information, at the highest classification, indicates that F-35 is
effectively meeting these aggressive operational challenges.”
The Pacific Vision Wargame was a table-top exercise designed to assess
basing and force-structure vulnerabilities, and did not include air-to-air
combat exercises or any comparisons of different aircraft platforms.
Other erroneous allegations about the program were recently made in a
letter distributed and written by industry-watchers Winston Wheeler and
Pierre Sprey.
“It’s not clear why they attacked the Joint Strike Fighter (JSF)
program,” said Tom Burbage, Lockheed Martin executive vice president of
F-35 program integration. “It is clear they don’t understand the underlying
requirements of the F-35 program, the capabilities needed to meet those
requirements or the real programmatic performance of the JSF team.”
Here are the facts:
— The F-35 is a racehorse, not a “dog,” as Wheeler/Sprey suggest. In
stealth combat configuration, the F-35 aerodynamically outperforms all
other combat-configured 4th generation aircraft in top-end speed,
loiter, subsonic acceleration and combat radius. This allows
unprecedented “see/shoot first” and combat radius advantages.
— The high thrust-to-weight ratios of the lightweight fighter program
Wheeler/Sprey recall from 30 years ago did not take into consideration
combat-range fuel, sensors or armament, which dramatically alter wing
loading, thrust-to-weight ratios and maneuverability. We do consider
all of this in today’s fighters.
— The F-35 has the most powerful engine ever installed in a fighter, with
thrust equivalent to both engines today in Eurofighter or F/A-18
aircraft. The conventional version of the F-35 has 9g capability and
matches the turn rates of the F-16 and F/A-18. More importantly, in a
combat load, with all fuel, targeting sensor pods and weapons carried
internally, the F-35’s aerodynamic performance far exceeds all legacy
aircraft equipped with a similar capability.
— When the threat situation diminishes so that it is safe for legacy
aircraft to participate in the fight, the F-35 can also carry ordnance
on six external wing stations in addition to its four internal
stations.
Other important facts:
— External weapon clearance is part of the current F-35 test program.
— The government has already proven that no other aircraft can survive
against the 5th generation stealth that only the F-22 and the F-35
possess; it is impossible to add this stealth to fourth-generation
fighters.
— The F-35’s data collection, integration and information sharing
capabilities will transform the battlespace of the future and will
redefine the close air support mission. The F-35 is specifically
designed to take advantage of lessons learned from the F-117 stealth
aircraft. Unlike the F-117, the ability to share tactically important
information is built into the F-35, along with stealth.
— F-35 is developing, testing, and fielding mature software years ahead
of legacy programs, further reducing development risk. The F-35’s
advanced software, already flying on two test aircraft with remarkable
stability, is demonstrating the advantages of developing highly-common,
tri-variant aircraft. The software developed span the entire aircraft
and support systems including the aircraft itself, logistics systems,
flight and maintenance trainers, maintenance information system and
flight-test instrumentation.
— Rather than relying exclusively on flight testing, the F-35 is retiring
development risk through the most comprehensive laboratories, sensor
test beds, and integrated full-fusion flying test bed ever created for
an aircraft program. Representing only 25% of our verification plans,
still the F-35’s flight test program is comparable in hours to the
combined flight test programs of the three primary U.S. aircraft it
will replace.
— The F-35 is one aircraft program designed to replace many different
types of aircraft around the world — F-16, F/A-18, F-117, A-10, AV-8B,
Sea Harrier, GR.7, F-111 and Tornado — flown by 14 air forces.
— In addition to 19 developmental test aircraft, the F-35 is producing 20
fully instrumented, production-configured operational test aircraft. No
program in history has employed this many test vehicles.
“Simply put, advanced stealth and sensor fusion allow the F-35 pilot to
see, target and destroy the adversary and strategic targets in a very high
surface-to-air threat scenario, and deal with air threats intent on denying
access — all before the F-35 is ever detected, then return safely to do it
again,” said Burbage.
The F-35 is a supersonic, multi-role, 5th generation stealth fighter.
Three F-35 variants derived from a common design, developed together and
using the same sustainment infrastructure worldwide will replace at least
13 types of aircraft for 11 nations initially, making the Lightning II the
most cost-effective fighter program in history. Two F-35s have entered
flight test, two are in ground test, and 17 are in various stages of
assembly, including the first two production-model jets scheduled for
delivery to the U.S. Air Force in 2010.
Headquartered in Bethesda, Md., Lockheed Martin is a global security
company that employs about 140,000 people worldwide and is principally
engaged in the research, design, development, manufacture, integration and
sustainment of advanced technology systems, products and services. The
corporation reported 2007 sales of $41.9 billion.
Raytheon Awarded $10 million to Develop New Missile Defense Interceptor
September 18, 2008
TUCSON, Ariz., Sept. 18, 2008 /PRNewswire/ — Raytheon Company (NYSE:
RTN) has been awarded a $10 million Missile Defense Agency contract to
continue research and development of the Network Centric Airborne Defense
Element.
NCADE is an air-launched weapon system designed to engage short- and
medium-range ballistic missiles in the boost and ascent phase of flight.
“NCADE fills a critical niche in the Ballistic Missile Defense system
and provides a revolutionary, low-cost approach to interceptor development
and acquisition,” said Mike Booen, Raytheon Missile Systems vice president
of Advanced Missile Defense. “The ballistic missile threat is increasing
rapidly. Raytheon is committed to getting NCADE to the warfighter as
quickly as possible.”
The NCADE interceptor leverages many proven components and
technologies, including the aerodynamic design, aircraft interface and
flight control system of Raytheon’s Advanced Medium-Range Air-to-Air
Missile. The commonality with AMRAAM enables the warfighter to launch NCADE
from a wide variety of aircraft, including smaller unmanned aerial
vehicles.
NCADE also leverages proven imaging infrared seeker components from
existing Raytheon production programs, which enables a potentially rapid
development and fielding path.
Raytheon Company, with 2007 sales of $21.3 billion, is a technology
leader specializing in defense, homeland security and other government
markets throughout the world. With a history of innovation spanning more
than 86 years, Raytheon provides state-of-the-art electronics, mission
systems integration and other capabilities in the areas of sensing;
effects; and command, control, communications and intelligence systems, as
well as a broad range of mission support services. With headquarters in
Waltham, Mass., Raytheon employs 72,000 people worldwide.
UAL Corporation Aumenta Liquidez en Aproximadamente $1.200 Millones y Completa Acuerdo con Chase
September 18, 2008
CHICAGO, 18/09/2008 /PRNewswire-FirstCall/ — UAL Corporation , empresa controlante cuya principal subsidiaria es United Airlines, concretó la modificación del acuerdo con Chase Bank por la provisión de servicios de comercialización de tarjetas que llevan ambas marcas, así como también la modificación de su acuerdo de procesamiento de tarjetas de crédito con Chase/Paymentech L.L.C. Estos acuerdos aumentan la liquidez de United en alrededor de $1.200 millones, lo que incluye $1.000 millones en el corto plazo y $200 millones en los próximos dos años.
“Esta es una de las medidas que estamos implementando para mejorar nuestra liquidez y aumentar la cantidad de efectivo disponible, a los fines de fortalecer nuestro negocio en beneficio de todas las partes interesadas en este volátil escenario de precios del combustible”, comentó Jake Brace, Vicepresidente Ejecutivo y Director Financiero.
Conforme a los términos del contrato, United recibió una suma adicional de $600 millones de Chase en pago por la compra anticipada del programa de millas para viajeros frecuentes y por la extensión del acuerdo. (FUENTE UAL Corporation)
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Bombardier Aerospace Assumes Complete Structural Development and Manufacturing of Learjet 85 Business Jet
September 18, 2008
– Learjet terminates development agreement with Grob Aerospace
– Confirms commitment to the Learjet 85 program and schedule
MONTREAL, QUEBEC–(Marketwire – Sept. 18, 2008) – Bombardier Aerospace today announced it is assuming complete responsibility for the detail design and manufacturing of all primary and secondary structures for the all-new Bombardier Learjet 85 midsize business jet. Learjet has terminated its development agreement with Grob Aerospace AG of Switzerland.
“Given the uncertainty surrounding Grob’s insolvency, Learjet has decided to terminate its agreement with Grob Aerospace, effective Sept. 17, 2008. Bombardier Aerospace is taking decisive action and this decision reflects our strong commitment to both the Learjet 85 aircraft program and to a growing number of leading business jet customers worldwide who have selected this exciting, all-new midsize business jet,” stated Steve Ridolfi, President, Bombardier Business Aircraft.
“Development of the Learjet 85 aircraft is now in the final stages of a successful joint definition phase that actively involves our suppliers. Bombardier Aerospace is a leader in civil aircraft development and has successfully intoduced a total of 24 aircraft programs since 1989 – we are excited about the Learjet 85 business jet and look forward to introducing the aircraft into service,” added Mr. Ridolfi.
The new Learjet 85 business aircraft- redefining the midsize business jet class
Designed to provide a larger, more comfortable cabin than any existing midsize aircraft, the Learjet 85 business jet will offer eight passengers a stand-up cabin built to ensure superior productivity and comfort. True to its legendary heritage, the Learjet 85 aircraft is set to deliver the extraordinary performance, superior technology and exceptional value Learjet aircraft owners expect. Powered by Pratt & Whitney Canada PW307B engines, the aircraft engines each boast 6,100 lb. (2,772 kg) of take-off thrust, while the low-emission combuster offers reduced environmental impact. The clean-sheet Learjet 85 aircraft targets a high-speed cruise of Mach 0.82 and a transcontinental range of up to 3,000 nautical miles (5,556 km)(i).
The new Learjet 85 aircraft flight deck combines advanced technology with superior design elements for a cockpit environment unlike any other midsize jet. The latest in technological advancements from Rockwell Collins – the new Pro Line Fusion avionics suite – is once again paired with superior design aesthetics to create the ultimate Learjet flight control environment.
Learjet is the first name in corporate aviation. Since acquiring Learjet Inc. in 1990, Bombardier Aerospace has carried forward the brand’s proud legacy by launching eight high-performance and fuel-efficient aircraft.
About Bombardier
A world-leading manufacturer of innovative transportation solutions, from commercial aircraft and business jets to rail transportation equipment, systems and services, Bombardier Inc. is a global corporation headquartered in Canada. Its revenues for the fiscal year ended Jan. 31, 2008, were $17.5 billion US, and its shares are traded on the Toronto Stock Exchange (BBD). Bombardier is listed as an index component to the Dow Jones Sustainability World and North America indexes. News and information are available at www.bombardier.com.
(i) Under certain operating conditions
Pratt & Whitney Canada Establishes New Parts Distribution Centre in Sydney, Australia
September 18, 2008
LONGUEUIL, QUEBEC–(Marketwire – Sept. 18, 2008) – Pratt & Whitney Canada has established a new parts distribution centre (PDC) in Sydney, Australia to speed delivery times to customers in the Australia and New Zealand regions. Pratt & Whitney Canada (P&WC) is a United Technologies (NYSE:UTX) company.
“This is the third PDC we have deployed worldwide as part of our aftermarket strategy to extend our global footprint to meet our customers’ requirements and keep them flying,” said Maria Della Posta, vice president, Customer Support, P&WC.
P&WC’s new PDC in Australia will complement a PDC opened in Singapore last year, and in Amsterdam in late 2006. It will house a range of spare parts, including new parts, exchange accessories and line-replaceable units for all P&WC engine models. The PDCs are operated by Pratt & Whitney Component Solutions (P&WCS). Parts ordered by phone or email through P&WCS will be dispatched from the closest PDC warehouse.
“Together with our new Customer First Centre and other customer support initiatives, our expanding PDC network will ensure P&WC engine customers have a greater availability of parts and can rely on an expert service staff that is accessible 24 hours a day, year-round,” said Della Posta.
P&WC’s global customer support comprises over 30 P&WC-owned and designated overhaul facilities, field support representatives strategically located worldwide, mobile repair teams available around the clock, the largest pool of P&WC rental and exchange engines in the industry and advanced diagnostic capabilities.
Pratt & Whitney Canada, based in Longueuil, Quebec, is a world leader in the design, manufacture and service of aircraft engines powering business, general aviation and regional aircraft and helicopters. The company also manufactures auxiliary power units and industrial gas turbines. United Technologies, based in Hartford, Conn., USA, is a diversified company providing high technology products and services to the global aerospace and building industries.
UAL Corporation Boosts Liquidity by Approximately $1.2 Billion, Completes Chase Agreement
September 18, 2008
CHICAGO, Sept. 18 /PRNewswire-FirstCall/ — UAL Corporation (Nasdaq:
UAUA), the holding company whose primary subsidiary is United Airlines,
completed the amendment of its co-branded card marketing services agreement
with Chase Bank, as well as amended its credit card processing agreement
with Chase/Paymentech L.L.C. These agreements boost United’s liquidity by
approximately $1.2 billion, including $1.0 billion in the short term and an
additional $200 million over the next two years.
“This is one of the many steps we are taking to improve our liquidity
and increase the amount of cash we have on hand to strengthen our business
for all our stakeholders in this volatile fuel environment,” said Jake
Brace, executive vice president and chief financial officer.
Under the terms of the agreement, United has received an additional
$600 million from Chase in consideration for the advance purchase of
frequent flyer miles and for extending the agreement. As part of the
transaction, United has granted a security interest in various assets,
including specified intangible Mileage Plus assets. United continues to
have more than $3 billion in unencumbered hard assets to use to raise
additional liquidity if needed.
With its amended credit card processing agreement, United realizes a
return of more than $350 million of restricted cash back to the company
compared to its prior reserve requirement.
About United
United Airlines (NASDAQ: UAUA) operates more than 3,200* flights a day
on United and United Express to more than 200 U.S. domestic and
international destinations from its hubs in Los Angeles, San Francisco,
Denver, Chicago and Washington, D.C. With key global air rights in the
Asia-Pacific region, Europe and Latin America, United is one of the largest
international carriers based in the United States. United also is a
founding member of Star Alliance, which provides connections for our
customers to 975 destinations in 162 countries worldwide. United’s 55,000
employees reside in every U.S. state and in many countries around the
world. News releases and other information about United can be found at the
company’s Web site at united.com.
*Based on the flight schedule between Jan. 1, 2008 and Dec. 31, 2008.
Embraer Board of Directors Approves Senior Management Succession Plans
September 18, 2008
SAO JOSE DOS CAMPOS, Brazil, Sept. 18 /PRNewswire-FirstCall/ —
Embraer’s (NYSE: ERJ) Board of Directors, in a meeting held September 12,
approved plans for the following changes in the Company’s organizational
structure, effective January 1, 2009.
– Consistent with their retirement plans, Antonio Luiz Pizarro Manso,
Executive Vice President, Finance & CFO, and Satoshi Yokota, Executive Vice
President, Strategic Planning and Technology Development, will be
succeeded, respectively, by Luiz Carlos Siqueira Aguiar and Emilio Kazunoli
Matsuo, members of Embraer’s senior management team;
– Luiz Carlos Siqueira Aguiar, currently Executive Vice President,
Defense and Government Market, will be succeeded by Orlando Jose Ferreira
Neto, who now is the Managing Director, Embraer Asia Pacific (EAP). The new
Managing Director, Embraer Asia Pacific (EAP), shall be named soon;
– Emilio Kazunoli Matsuo, currently Senior Vice President, Engineering,
will be named Executive Vice President, Technology, resulting from the
integration of the present areas of Technology Development and Engineering.
The responsibility for Strategic Planning will be absorbed by the new CFO;
– Antonio Luiz Pizarro Manso and Satoshi Yokota will take an active
role in the respective transition processes, and will remain available for
consulting services to Embraer, as needed, in their respective fields of
expertise.
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