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Non-US Aerospace/Defense Companies & Contracts
 
MTU AERO ENGINES RAMPS UP NEW ENGINE PRODUCTION
Monday, January 16, 2017
Click image for a larger picture

PW1000G

Source: Pratt & Whitney


PW1000G

Source: Pratt & Whitney


Close
NEWTOWN, Conn. - MTU Aero Engine is well positioned for years of solid profitability, thanks to the healthy status of its commercial engine production operations and an increasing emphasis on MRO activities. Business remains brisk in both these sectors.

MTU is ramping up production of the new Pratt & Whitney PW1100G-JM engine used to power the Airbus A320neo. This program is a milestone for the company: MTU will be manufacturing three out of every 10 of these new engines for Airbus. (Pratt & Whitney’s operations in the USA will manufacture the rest.) MTU is expected to ramp up production from about 16 engines this past year to 100 in 2017, reaching a peak of 250 a year by 2020.

The company’s other programs will continue moving steadily forward. MTU provides a variety of engine components for its partners around the world - including such giants as GE, Rolls-Royce, and Safran Aircraft Engines. Most recently, MTU was selected to produce the turbine center frame for General Electic’s GE9X, which will power Boeing’s upgraded 777X.

Perhaps most importantly, MTU’s various collaborations put the company in a strong position to introduce additional operations and services where it has established a foothold. The company is expanding its reach, with new partnering arrangements in China and Saudi Arabia announced. The effort in China looks to build upon the company’s success there as an MRO provider by transitioning into engine manufacturing. The move into Saudi Arabia is aimed at strengthening the firm’s MRO operations in the Middle East. Meanwhile, MTU has not neglected its traditional markets, achieving FAA certification for a facility in the U.S. and adding a new repair center in Canada to its roster.

MTU’s global MRO facilities can provide commercial operators with support on engines such as the V2500, CF6, and CFM56. With thousands of these engines in service, MRO is expected to remain a lucrative focus for the firm in the years to come.

While commercial operations are enjoying a boom, defense is in the midst of what will likely be a long downturn. For the most part, MTU’s military engine production focuses on the Eurojet EJ200 for the Eurofighter Typhoon. Production of the EJ200 is slowing as government spending on Eurofighters declines. Fortunately, the company has a counter to that program’s decline - the TP400-D6 engine that powers Airbus Defence and Space’s A400M, production of which is ramping up. MTU will also see some MRO gains in supporting the Panavia Tornado’s RB199 engines.

All told, MTU Aero Engines appears to be well diversified across the spectrum of aviation engines. This market presence, coupled with strong and growing worldwide MRO operations, will provide solid returns for the company in the years ahead.

Source:  Forecast International Government & Industry Group
Associated URL: www.mtu.de/
Source Date: January 16, 2017
Author: R. Pettibone, Gov't & Industry  
Posted: 01/16/2017

 
 
SES COMPLETES REFINANCING OF O3B DEBT
Friday, January 13, 2017
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Artist's rendition of O3b satellites

Source: Thales Alenia Space


Artist's rendition of O3b satellites

Source: Thales Alenia Space


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LUXEMBOURG - SES SA has refinanced the remaining O3b debt. SES received regulatory approval to complete the purchase of O3b in July 2016. With the acquisition of all of O3b's shares, SES also acquired the medium-Earth orbit (MEO) satellite operator's €1.32 billion ($1.4 billion) in debt.

With the January 2017 announcement, SES has now refinanced the entire debt. The refinancing was funded using cash that was available at Group level, which included the proceeds of the hybrid bond issued by SES S.A. in November 2016. SES's weighted average cost of funding is around 4%, which is significantly lower than the average cost of the previous O3b debt. SES estimates that the refinancing will save approximately €60 million ($63.8 million) per year in finance costs.

O3b currently operates 12 high throughput satellites (HTS) in MEO. Each satellite can deliver up to 1.6 Gigabits per second (Gbps) of throughput. Since satellites in MEO orbit at 8,000 km, they are much closer to Earth, reducing latency compared to satellites orbiting in geosynchronous Earth orbit (GEO). O3b also has eight new satellites under contract, which are expected to be delivered in 2018 and 2019. Some of those satellites may also operate in elliptical orbits, which will increase O3b's capacity over polar regions.

At one point, GEO operators and LEO operators were distinct companies. However, more recently, GEO operators have begun to invest in satellites in different orbits. SES has invested in O3b, while Intelsat has made investments into OneWeb. Telesat, on the other hand, is purchasing its own LEO satellites to test networks in that orbit.

Source:  SES
Associated URL: https://www.ses.com/press-release/ses-completes-refinancing-o3b-debt
Source Date: January 13, 2017
Author: B. Ostrove, Analyst 
Posted: 01/13/2017

 
 
EUROFIGHTER JV AWARDED 5 YEAR SUPPORT CONTRACT
Thursday, January 12, 2017
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Eurofighter Typhoon

Source: Eurofighter GmbH


Eurofighter Typhoon

Source: Eurofighter GmbH


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HALLBERGMOOS, Germany - Eurofighter Jagdflugzeug GmbH has been awarded a five-year arrangement with NETMA (the NATO Eurofighter & Tornado Management Organisation) to support the global Eurofighter Typhoon fleet. Total contract value was not announced.

The arrangement consists of two main contracts. The first covers the sustainment of engineering capabilities and program management. The second covers logistics, repairs, and the provision of spare parts for the Eurofighter fleet. It will also provide an enhanced availability service while generating savings to the customer nations.

The two contracts were signed on 21 December 2016 between NETMA on behalf of the core Eurofighter nations, and Eurofighter Jagdflugzeug GmbH on behalf of Airbus Defence and Space, BAE Systems and Leonardo.

Source:  www.eurofighter.com
Source Date: January 12, 2017
Posted: 01/13/2017

 

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