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Week ending February 10, 2002
Sorry, the next update will be available on February 24.
+++ EADS revenues increase 27% in 2001 +++ CryoSat – a satellite with an icy mission +++ IATA statistics show traffic fall in 2001 +++ Canada sign up for JSF +++ Chile orders F-16s +++ Bombardier launches Global 5000 +++ News in brief +++
EADS revenues increase 27% in 2001
Umsatzsprung für EADS
EADS European Aeronautic Defence and Space Company has surpassed its revenue growth target for the year 2001. The company increased revenues by 27% in 2001, exceeding its 20% target. Revenues amounted to EUR 30.8 billion, compared to EUR 24.2 billion in the year 2000. On a comparable basis - without the effect of the first-time 100% consolidation of Airbus SAS - revenues increased by 10 %. The continuing strong US-Dollar was particularly a reason for the better than expected revenues growth. All Divisions but Space experienced a growth close to double digits, as the second largest global aerospace and defence company announced on 6 February, 2002.The EADS CEOs, Philippe Camus and Rainer Hertrich, said: "2001 was another successful year for EADS. We confirmed our EBIT goal and exceeded our revenues target. We continue to emphasize value creation and to benefit from synergy savings. We delivered EUR 100 million EBIT from synergies, thus exceeding by more than 60% our initial synergy target for 2001." At the same time, EADS greatly enlarged its robust order book by 39% to EUR 183.7 billion (2000: EUR 131.9 billion, with 80% of Airbus consolidated). The 2001 order intake reached a record volume of EUR 60.2 billion. This is an increase of 23% against the 2000 figure of EUR 49.1 billion.
The CEOs stated that "In 2001, we strengthened our global market position. Our order book now covers more than six years of business and each of our five Divisions has a backlog exceeding one-and-a-half year of revenues. The strong order intake of 2001 illustrates not only the success of the A380 project for which we registered 85 firm orders plus 12 additional firm customer commitments; it also clearly demonstrates the competitiveness of our military programmes on export markets.
The CEOs added: "We have taken prompt action following 11 September to preserve our profitability in the downturn. We have also assigned new cost and cash savings targets to all our divisions managers. These cost and cash saving plans, together with continuing implementation of synergies from merger integration, allow us to smooth the negative impact from the commercial aviation downturn. By doing so, we also want to secure our future earnings." EADS, which will publish full annual results on March 18 2002, also confirmed that it will release a 2001 EBIT (Earnings before interest and taxes, pre-goodwill and exceptional items) fully in line with or - thanks to higher than expected synergies - even slightly exceeding its 15% growth target. This result increase was achieved despite the civil aviation downturn and losses in the Space Division, and including a significant increase of the Research & Development (R&D) expenses. However, due to hedging of the net exposure (gross exposure minus Dollar outflows), the stronger US-Dollar had no material impact on EBIT.
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CryoSat – a satellite with an icy mission
ESA bestellt CryoSat von Astrium
On 8 February the ESA Director of Earth Observation, José Achache, signed the contract confirming that Astrium will build the new European environmental and climate satellite CryoSat. The satellite is planned for an April 2004 launch into a polar orbit and will measure changes in the thickness of ice sheets and polar ocean sea-ice cover with unprecedented accuracy for at least three years. The satellite will provide climate researchers with data previously not available from these uninhabited regions. The industrial contract, worth some 70 million euros, involves a number of European partners, in particular Alcatel Space Industries, which is responsible for the SIRAL instrument. The evidence of climate warming can no longer be ignored. As the Intergovernmental Panel on Climate Change confirmed in its most recent (2001) report: the average global surface temperature rose by 0.6 degrees in the 20th century; the year 1998 was the warmest since 1861, when instrumental recording started. Climate data estimate that the 20th century was the warmest in the last thousand years. At the same time, the concentration of greenhouse gases in the atmosphere, such as carbon dioxide and methane, have grown by 30 and 150 percent respectively as a result of human activities. CryoSat should fill in this gap in climate research. The satellite will start as the first Earth Explorer mission of ESA´s "Living Planet" programme, created in 1998. This science-driven programme, whose target is to provide critical observations to address pressing scientific questions, involves Core Missions, which comprise relatively complex and innovative Earth Observation satellites (costing about 350 million euros), and Opportunity Missions, which will use maturer technology currently available in industry, thus allowing speedier implementation. CryoSat will be the first Earth Explorer Opportunity Mission. In July
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IATA statistics show traffic fall in 2001
Verkehrsrückgang für Fluggesellschaften
„The forecast that we made in the immediate aftermath of September 11, of the first year-on-year fall in international scheduled traffic since 1991, has materialised,“ said IATA Director General & CEO Pierre J. Jeanniot, commenting on a fall in IATA passenger traffic of nearly 12 percent in December and more than 4 percent for the year as a whole. Equivalent data for freight were falls of nearly 10 percent and nearly 8 percent. During the year 2001, total traffic (passengers plus freight) fell by nearly 6 percent, against a total capacity decrease of less than 1 percent (these figures do not appear on the summary table, below). „There are two hopeful signs,“ continued Jeanniot. „Capacity cuts in December were in line with the market conditions, and we know from our Corporate Air Travel Survey that a pick-up in business travel may not be far away.“. IATA members average passenger traffic for Jan – Dec 2001 was down 4 per cent, while available seat kilometres decreased 1 per cent leading to a load factor of 71 per cent. Freight traffic was donw 8 per cent. Back to the top of the page / Zurück zum Anfang der Seite
Canada sign up for JSF
JSF: Kanada erster internationaler Partner
Under Secretary of Defense for Acquisition, Technology, and Logistics Edward C. "Pete" Aldridge, Jr., and his Canadian counterpart Assistant Deputy Minister for Materiel Alan Williams have signed a memorandum of understanding committing Canada to participate in the Joint Strike Fighter (JSF) system development and demonstration phase. This signed agreement will span the next 10 years and highlights the growing international impact of the JSF program. The U.S. and Canada acquisition chiefs also exchanged letters that outline the two allies overall vision for long-term cooperation on the JSF. With Canada's participation in the program, U.S. industry has also sought teaming arrangements in Canada with strong opportunities for involvement not just in this phase, but also in the follow-on production. Under the agreement, Canada will provide $150 million over the next 10 years for the system development and demonstration phase of the JSF program. Canada was also part of the concept demonstration phase from 1996 to 2001. Canada currently flies the CF-18 and plans on keeping them through 2017. The Canadians will assess their needs and decide which variant they need by then, Williams said. Aldridge said the Netherlands, Italy, Norway, Denmark and Turkey have also expressed interest in the JSF.Back to the top of the page / Zurück zum Anfang der Seite
Chile orders F-16s
Fighting Falcons für Chile
Officials of the government of Chile signed a letter of offer and acceptance (LOA) for 10 F-16C/D aircraft, according to Lockheed Martin Aeronautics Company, a business area of Lockheed Martin Corporation "After a long and intense competition, we are very pleased and appreciative that the Chilean Air Force will become the 22nd member of the F-16 family," said Dain M. Hancock, president of Lockheed Martin Aeronautics Company. "We look forward to beginning a long and mutually beneficial relationship with Chile's military forces and industry." The LOA outlines a Foreign Military Sales agreement between the governments of Chile and the United States, with total value of about $500 million. A contract between the prime contractor Lockheed Martin and the U.S. Air Force is expected later this year and will be worth approximately $400 million. The aircraft will be delivered between mid 2005 and mid 2006. The mix of aircraft will be six single-seat F-16Cs and four two-seat F-16Ds. The aircraft is the latest version of the Block 50 F-16 and is powered by the General Electric F110-GE-129 engine, which is being procured under separate commercial arrangements.Back to the top of the page / Zurück zum Anfang der Seite
Bombardier launches Global 5000
Global 5000 erhält grünes Licht
Bombardier Aerospace has officially launched its high-speed Bombardier Global 5000 intercontinental business jet, designed specifically to meet emerging needs in the super-large jet market. Since its market introduction in October of 2001, the Bombardier Global 5000 jet is generating positive market interest worldwide, resulting in letters of intent for 15 aircraft. "In designing the Bombardier Global 5000, Bombardier's 12th new aircraft in 12 years, our goal is to continue developing products that address new market needs. We listen to the market and provide customers with aircraft that offer the latest technological developments and design features at a competitive price," stated Peter Edwards, president, Bombardier Business Aircraft. "The positive market reaction we have witnessed to date for the Bombardier Global 5000 indicates we are right on track." The Bombardier Global 5000 program is currently in development, with first flight scheduled for the first quarter of 2003. Type certification to stringent regulations from Transport Canada, the U.S. Federal Aviation Administration and the European Joint Aviation Authorities is on target for the first quarter of 2004. The aircraft is expected to enter corporate service at the end of that year. Back to the top of the page / Zurück zum Anfang der Seite
NEWS IN BRIEF / KURZMELDUNGEN
The following is a statement by NASA Administrator Sean O'Keefe regarding the Administration's 2003 budget proposal. "The President's budget proposal of $15.1 billion for fiscal year 2003 reflects the Administration's commitment to this agency's core research efforts and its fundamental mandate to advance aeronautics and aerospace science. From developing safe, more powerful and more efficient space transportation systems to pioneering the frontiers of flight and knowledge, NASA is the world's premiere aerospace agency. We have the freedom and the people to dream big, and then are given the enviable task to make those dreams into reality. But it's not enough to make promises about the future. We have to live up to the President's Management Agenda, which asks us to responsibly live up to those promises. The Administration has chartered a fiscal course for the future that asks NASA to look at the way it does business, identify improvements in management and performance, and continue to build on the agency's core foundation of science and technology research."+++
Thuraya Satellite Telecommunications Company has assumed control of a turnkey satellite mobile communications system designed and built by Boeing Space and Communications (S&C), a unit of The Boeing Company. Thuraya's acceptance marks the successful culmination of Boeing's first effort to design and deliver an integrated mobile communications system. The system built for United Arab Emirates-based Thuraya relies on the high-power Thuraya-1 GEO-Mobile satellite delivered in October 2000 by Boeing Satellite Systems (BSS), the satellite-manufacturing arm of Boeing S&C. BSS also provided the requirements for the Thuraya ground station and user handsets, which were delivered through a subcontract to Hughes Network Systems, a unit of Hughes Electronics Corporation based in Germantown, Md.
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Raytheon Systems Limited (RSL) has just delivered the last of 20 Monopulse Secondary Surveillance Radar (MSSR) systems for the Brazilian SIVAM (System for the Vigilance of the Amazon) programme. The four year order won by RSL was part of the wider SIVAM contract between Raytheon Company and the Government of Brazil, which became effective in 1997. The MSSR's are among the key sensors in this $1.4 billion, five year programme and are located across the 5.2 million sq. km. Amazon basin area.
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NASA's Office of Aerospace Technology has released an integrated strategy, or blueprint, that addresses solutions to critical issues in aeronautics by developing new technology leading to a bold new era of aviation. "The aeronautics blueprint identifies a new and revolutionary technology vision," said NASA Administrator Sean O'Keefe. "Working in partnership with the Federal Aviation Administration, the Department of Defense and industry, this blueprint will transform NASA and create the excitement necessary to inspire and develop an engineering workforce that will enable a new era in flight." The blueprint identifies four elements on which NASA will focus: the digital airspace, revolutionary vehicles, security and safety, and a state-of-the-art educated workforce.
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Dyncorp Technical Services LLC of Forth Worth, Texas, has been awarded a five-year, $148 million Center Operations Support Services contract for work to be performed at NASA Johnson Space Center (JSC) in Houston.The hybrid cost-plus-award fee/firm-fixed-price contract also includes operation support services for NASA facilities at Ellington Field and at the Sonny Carter Training Facility, both in Houston. Tasks to be performed include maintenance, operation and repair of JSC's physical plant; engineering, design and minor construction; grounds maintenance; facility-related information management; logistics, transportation, inventory management, rigging and hauling and custodial support.
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After completing detailed, independent cost and risk assessments, the agency has decided to perform Space Shuttle Orbiter Major Modifications (OMM) at NASA's Kennedy Space Center (KSC) in Florida. Since the inception of the Space Shuttle program, the Palmdale Manufacturing Facility in California has served as the manufacturing site for all orbiters, in addition to the primary location for performing periodic maintenance and safety upgrades. However, beginning immediately with the Space Shuttle Discovery, which is scheduled for its periodic structural inspection and maintenance period in early spring, the work will be moved to KSC. NASA Headquarters' Office of Space Flight made the decision following an extensive review. While it was determined that either KSC or Palmdale could support the current Space Shuttle launch schedule, keeping two modification facilities active to support four orbiters is no longer feasible in today's fiscal environment. Program managers believe significant infrastructure savings would be realized performing the major modifications in Florida. Shifting work to KSC would also minimize risk.
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The U.S. Navy/Raytheon Company team successfully completed its second free-flight demonstration of the AGM-154C, the unitary warhead variant of the Joint Standoff Weapon (JSOW), at the Naval Air Systems Command western test range complex. The flight exercised the waypoint navigation and autonomous target acquisition (ATA) capability in the AGM-154C and demonstrated the ATA capability against a dual height, multiple level target. Released from an F/A-18 C/D flying at 29,000 feet and 0.9 Mach, the weapon navigated autonomously through several enroute waypoints to begin searching for the target approximately 32 miles from the launch point. Aircraft separation, flyout navigation followed by target acquisition and subsequent impact were completed as predicted.
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Mexico's Secretaria de Marina recently took delivery of a new Bombardier Q200 turboprop for operation by the Mexican Navy. The Secretaria holds an option on a second Bombardier Q200 aircraft. The Bombardier Q200 is configured for a 37-passenger interior but the Navy will take advantage of its flexibility and utility by converting it when required for a variety of missions including all-cargo, mixed passenger and cargo and VIP seating.
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Boeing has delivered the latest F-22 integrated avionics software package, Block 3.1, to team partner Lockheed Martin on schedule. Boeing is responsible for integrating, testing and delivering the F-22's advanced avionics. The Block 3.1 software has increased radar, electronic warfare and communication, navigation and identification capability, as well as adds global positioning system capability to the F-22's integrated avionics. Prior to delivery, the software was tested rigorously in both the company's Avionics Integration Lab and on its 757 Flying Test Bed. "Block 3.1 supplies more than 90 percent of the total functionality planned for the F-22, and allows the flight-test program to accomplish its objectives," said Bob Barnes, Boeing vice president and F-22 program manager. "The team is very encouraged by the initial dynamic testing of Block 3.1 in our airborne and ground-based labs."
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Embraer announced that it will ask the Government of Brazil to investigate the accuracy of reports that the German Government and the government of the state of Bavaria have agreed to provide US$ 345 million in loan guarantees to German-based aircraft manufacturer Fairchild-Dornier. The trade publication Aviation Daily has reported that Germany and Bavaria will provide the loan guarantees to accelerate the development of Fairchild-Dornier's 728 and 928 regional jets. These airplanes compete with Embraer's EMBRAER 170, EMBRAER 175, EMBRAER 190, and EMBRAER 195 series jets. “This kind of government assistance is fundamentally unfair”, said Embraer Vice President for External Relations Henrique Rzezinski . “It raises serious questions under the World Trade Organization's Subsidies Agreement, and we are asking our government to raise this matter in the appropriate international forums.” “This is not the first time regional jets of this size category have been subsidized”, Rzezinski explained. “Three years ago, the World Trade Organization found that Canada had illegally provided US $250 million in illegal subsidies to the Canadian aircraft industry to support the production of Bombardier's 70-seat regional jet.” Rzezinski added that, at that time, the United Kingdom also provided US$ 20 million in subsidies to Short Brothers, Bombardier's subsidiary in Northern Ireland, for the development of components for Bombardier's 70-seat airplane. “It is difficult for developing countries, and their industries, to adapt to the requirements of the global economy”, Rzezinski noted. “We are constantly being told by the developed countries that we must rely on the market and not on subsidies”, he said. “Yet we are constantly being faced with concrete evidence that some of these countries do not practice what they preach. They do not leave their aircraft manufacturers to fend for themselves in the market.” “We hear a lot about the 'level playing field'”, Rzezinski added. “Well, in aircraft the playing field is not level. It is tilted by the governments of developed countries in favor of their manufacturers. This has to change. It is time for the developed countries governments to practice what they preach.”
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Readers of the prestigious Business Traveller Deutschland magazine have voted Lufthansa the safest airline in 2001. In both categories - national/European and international flights – Lufthansa came out best in the magazine poll. The magazine readers also awarded top marks to the airline's website (www.lufthansa.com) as the best business travel portal. The Business Traveller Awards were presented at the Arabella Sheraton Hotel in Frankfurt/Main today. Hosting the presentation as the celebrity guest was the TV News Presenter Jan Hofer, who handed the award certificates to Lufthansa Captain Cord Becker. The magazine survey sounding the views of 3,000 readers on a cluster of companies in the tourist business was conducted by an independent market research institute. Lufthansa also landed the “safest airline” award in the magazine poll last year.
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Boeing successful installation of the Next Generation 737 glass cockpit into the first of 16 U.S. Navy E-6B 707 communications aircraft means a more pilot-friendly, powerful and reliable flight deck. The new cockpit and avionics also are a cost-effective way of achieving compliance with Global Air Traffic Management requirements. This will provide the Navy continued access to preferred airspace as International Civil Aviation Organization guidelines are implemented around the world. Under a $123 million contract, Boeing will replace the fleet's analog cockpit instruments with state-of-the-art flat-panel digital displays and dual flight management systems. Use of this commercial-off-the-shelf technology will dramatically improve long- term support to the fleet.
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NASA has awarded a $936 million modification to the prime contract for the International Space Station. Boeing will extend station integration and operations work through Dec. 31, 2003, the current period of performance. This work has been planned and is contained in the budget estimates represented in the FY 2003 President's budget.The eight-year prime International Space Station contract awarded to Boeing in 1995 covers construction, integration and operations of the station by Boeing Information, Space and Defense Systems. The modification brings the total value of the contract, NAS-15-10000, to $10.7 billion.
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South Korea was forced to increase its multi-billion-dollar budget to buy 40 fighters as the prices offered by four bidders are well beyond its original planning. "The government plans to make a final decision on the winner at an early date," the Ministry of Defense said in a report to the National Assembly. An official of the ministry said the decision would come around early April. The head of the military procurement department of the Defense Ministry Choi Dong-Jin told journalists the shortage in the budget would be covered up by readjusting other defense procurement projects and other defense expenditures. "Once the cost-performance analysis is completed within a month, it will not take much time to reach a final decision," Choi said.
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INSAT-3C satellite of ISRO, which was launched by Ariane on January 24, 2002 from Kourou in French Guyana, has been successfully placed in its final geo-stationary orbit and located at 74 deg East longitude. It may be recalled that, after the injection of the satellite into geo-stationary transfer orbit by Ariane launch vehicle, orbit-raising maneuvers were carried out from Master Control Facility (MCF), Hassan, by firing the 440 Newton Liquid Apogee Motor of the satellite to place it in the geo-stationary orbit. At the end of these maneuvers on January 30, 2002, the satellite was located at 63 deg East longitude and it was drifting towards its designated orbital slot. In this drift orbit, deployment of antennas and solar panels of the satellite was carried out on January 31, 2002 and it was placed in three-axes stabilized mode on February 1, 2002.
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INMIZE, the new Spanish company dedicated to missile technology, has been established after several months of intense negotiations within the framework of the European Defence Industry. The creation of such a missile company integrating the major companies in the Defence sector with experience and technology in this area, has long been an aspiration of the Spanish Ministry of Defence. The main shareholders in INMIZE are: INDRA, the Spanish company for Information Technology (40%); the European missile systems company MBDA (40%), the Spanish shipbuilder and naval combat system provider IZAR (10%), integrated within Sepi, and EADS-CASA, the aerospace and military electronics company, integrated into the European group EADS (10%). INDRA and IZAR have joined their participation within INMIZE. The main objective of the new company, the operational headquarters of which are located in INDRA's facilities, is to be Spain's centre of excellence in missile systems, for which it will benefit from its own technology. The first contract in which it will participate is in the design and development of the Meteor air superiority missile, which constitutes the weapon system for Eurofighter, Rafale and Gripen aircraft. The creation of INMIZE represents an important step forward in guaranteeing this technology, as well as in supporting the Spanish Armed Forces. The new company, uniting Spanish technological capacities in the area, will also aim to participate in other European missile projects. This will provide Spain with an industrial capacity that will enable it to be fully involved with, on an autonomous basis, the development of new generation missile systems. The Company will be the Spanish industrial reference in the missile and guided weapons area, for Spanish as well as for international programmes, and at the European level, will develop a centre of excellence in sub-systems and missile parts.
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The High Energy Solar Spectroscopic Imager or HESSI spacecraft, a NASA Goddard Small Explorer mission (SMEX), was launched into orbit beginning its mission to investigate the physics of particle acceleration and energy release in solar flares. The spin-stabilized spacecraft was designed and developed by Spectrum Astro. The University of California, Berkeley (UCB), the mission's Prime Contractor, developed the HESSI payload and led observatory integration and test of the payload supported closely by Spectrum Astro. The spacecraft was launched from Cape Canaveral on an Orbital Sciences Pegasus rocket at approximately 3:56 PM Eastern Standard Time. HESSI is a sun-pointed, inertial spinner spacecraft that will orbit at an altitude of 600 km, inclined at 38 degrees. Incorporating Spectrum Astro's proven, flexible VME based electronics architecture, each of the vehicle's seven major subsystems is designed to minimize programmatic and technical risk while delivering superior performance.
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As Chairman of the Governor's Meeting for the Aerospace Industries at the World Economic Forum Annual Meeting 2002, Philippe Camus, CEO of EADS European Aeronautic Defence and Space Company, the world's second largest aerospace and defense company, which maintains the largest order book in the industry, called for increased defense cooperation between governments and industry on both sides of the Atlantic. The Governors for Aerospace Industries, a unique combination of government and business leaders as well as industry experts from manufacturing, airlines, travel and tourism, came together over two days at the World Economic Forum Annual Meeting 2002. Discussion topics included the financial health of the industry after September 11, new trends in safety and security and the global effort to combat terrorism. "I am confident we are on the threshold of a new era in international defense cooperation,'' said Mr. Camus. "While the end of the cold war brought about steady decreases in defense spending, September 11 and the war against terrorism have brought into vivid focus the importance of reversing this trend and cultivating cooperation between governments and industry.'' Mr. Camus expressed optimism about new alliances, saying "By working more closely together, the aerospace and defense industry will recover quickly and at the same time ensure that the events of September 11 are not repeated.''
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The ISS Expedition Four crew's normal work was interrupted this morning when a main computer in the International Space Station's Russian Zvezda living quarters module unexpectedly went off-line, disrupting the system which controls the spacecraft's orientation for a few hours. The computer is now back on-line and all station systems are operating normally. The crew -- Commander Yury Onufrienko and Flight Engineers Dan Bursch and Carl Walz -- was never in any danger, but began quickly powering down backup equipment and several experiments in case the power generated by the station's solar arrays began to decrease. With the station's orientation not controlled, the solar arrays were not able to autonomously point directly at the sun to generate full power for the complex. The computer went off-line at about 7 a.m. CST. Flight controllers in Houston and Moscow worked together to restore all operations of the station during the morning, and, at one point, the crew sent manual commands to ensure the solar arrays remained directed at the sun. Russian controllers have not yet determined the cause of the computer problem and are continuing to analyze it. By 9:30 a.m., flight controllers at the control center in Korolev, Russia, had successfully restarted the computer, and, by 11:30 a.m., the station's orientation control system had begun to be restored to operation.
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Ryanair, Europe's largest low fares airlines announced record traffic and profit figures for Q.3 (end 31 Dec'01). This quarter covers trading in the immediate aftermath of Sept 11 and the weaker winter months. Despite these adverse conditions passenger traffic (incl. no shows) grew by 30% to 2.7 million and load factors rose to 79%. Average yields declined by 10% due in large measure to the low fare promotions which Ryanair launched immediately following Sept 11. As a result total revenue grew by 18%. Thanks to continued tight control, operating costs rose by 15%, a slower rate than revenue growth. Unlike many other airlines in the world following Sept 11, Ryanair's margins rose from 19% to 21% for the quarter and net profit increased by 35% to Euro 28.8m.
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