Rolls Royce: Electrifying the future
We’ve been changing the way the world is powered for the last 100 years. Now, with an increased focus on electrification, we’re set to revolutionize the next 100. Continue reading:
https://www.rolls-royce.com/media/our-stories/electrification.aspx
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Lockheed Martin Introduces LM-100J 'FireHerc' At Farnborough International Airshow
press release
FARNBOROUGH, England, July 16, 2018 /PRNewswire/ -- Lockheed Martin (NYSE: LMT) today at Farnborough International Airshow (FIAS) introduced the LM-100J "FireHerc," a civil-certified firefighting airtanker variant of the proven C-130J Super Hercules that is the airlifter of choice for 18 nations around the world.
The LM-100J is the commercial freighter production model of the C-130J Super Hercules and an updated version of the legacy L-100 commercial Hercules freighter. The LM-100J is flying at and on static display at this year's FIAS.
C-130s — legacy Hercules, Super Hercules and L-100s — have flown millions of hours in support of missions for military and civilian operators around the world for more than 60 years, which includes supporting firefighting missions for more than 40 years. The LM-100J FireHerc builds on this proven experience and offers advanced capabilities to support aerial firefighting requirements for decades to come.
"With the presence of wildfires increasing on a global scale, there is a real-time need to provide more advanced assets to protect our people, communities and environment," said George Shultz, vice president and general manager, Air Mobility & Maritime Missions at Lockheed Martin. "As a variant of the C-130J Super Hercules, the FireHerc delivers a powerful combination of established performance advantages and innovative technology that will truly change the way we fight and defeat wildfires."
FireHerc-Performance
The Hercules plays a vital role in firefighting by dispersing retardant to contain and control fires in locations with complex terrain and compromised operating conditions. The FireHerc's straight-wing design and turboprop power plant allows it to excel in supporting this challenging low-level, low-speed firefighting mission profile like no other large airtanker in operation.
Additional FireHerc advantages include:
- Advanced flight deck avionics that provide outstanding situational awareness and modern safety features to protect and guide flight crews through challenging conditions.
- The ability to support two different retardant dispersion solutions: the gravity-drop based Coulson Aviation RADS Product Line or the pressure-type dispersal Modular Aerial Firefighting System II (MAFFS II). Both have been certified by the U.S. Forest Service on the Hercules platform to meet strict ground coverage standards.
- A path to support night firefighting with advanced integrated technology, allowing responders to combat fires on an unprecedented 24/7 cycle — providing an unmatched advantage against nature.
More information about the LM-100J FireHerc is available here. Read more...
Airbus: The future is electric
At the 2018 Farnborough Airshow, the UK government announces financial support for the pioneering Airbus E-Fan X hybrid-electric flight demonstrator.
The E-Fan X is the next step in Airbus’ electrification journey. This ambitious project, in partnership with Siemens and Rolls-Royce, aims to develop a flight demonstrator testing a 2MW hybrid-electric propulsion system. Continue reading https://www.airbus.com/innovation/The-future-is-electric.html
Boeing Forecasts $15 Trillion Commercial Airplanes and Services Market
press release
20-year outlook projects rising demand for 42,700+ new airplanes, valued at $6.3 trillion
Services to outpace the world fleet; to grow 4.2% annually creating a $8.8T market
FARNBOROUGH, United Kingdom, July 17, 2018 /PRNewswire/ -- Boeing [NYSE: BA] lifted its long-term forecast for commercial airplanes as rising passenger traffic and upcoming airplane retirements drive the need for 42,730 new jets – valued at $6.3 trillion – over the next 20 years. The global airplane fleet will also sustain growing demand for commercial aviation services, leading to a total market opportunity of $15 trillion.
The company's annual forecast, renamed the Commercial Market Outlook (CMO) to include detailed analysis of the dynamic aviation services market, was presented today at the Farnborough International Airshow. Recognized as an industry benchmark for global air travel forecasting, the 2018 CMO projects the total number of airplanes increasing 4.1 percent over the previous forecast.
"For the first time in years, we are seeing economies growing in every region of the world. This synchronized growth is providing more stimulus for global air travel. We are seeing strong traffic trends not only in the emerging markets of China and India, but also the mature markets of Europe and North America," said Randy Tinseth, vice president of Commercial Marketing for The Boeing Company. "Along with continued traffic expansion, the data show a big retirement wave approaching as older airplanes age out of the global fleet."
According to fleet data, there are more than 900 airplanes today that are over 25 years old. By the mid 2020's, more than 500 airplanes a year will reach 25 years of age – double the current rate – fueling the retirement wave. Tinseth said the data explain why 44 percent of the new airplanes will be needed to cover replacement alone, while the rest will support future growth.
Including airplanes that will be retained, the global fleet is projected to essentially double in size to 48,540 by 2037.
The single-aisle segment will see the most growth over the forecast period, with a demand for 31,360 new airplanes, an increase of 6.1 percent over last year. This $3.5 trillion market is driven in large part by the continued growth of low-cost carriers, strong demand in emerging markets, and increasing replacement demand in markets such as China and Southeast Asia.
The widebody segment calls for 8,070 new airplanes valued at nearly $2.5 trillion over the next twenty years. Widebody demand is spearheaded, in part, by a large wave of replacements beginning early in the next decade and airlines deploying advanced jets such as the 787 Dreamliner and 777X to expand their global networks.
Additionally, Boeing projects the need for 980 new production widebody freighters over the forecast period, up 60 airplanes over last year. In addition, operators are forecasted to buy 1,670 converted freighters.
|
New Airplane Deliveries through 2037 by size
| |||
|
Airplane type
|
Seats
|
Total deliveries
|
Market value
|
|
Regional jets
|
90 and below
|
2,320
|
$110 billion
|
|
Single-aisle
|
90 and above
|
31,360
|
$3,480 billion
|
|
Widebody
|
8,070
|
$2,480 billion
| |
|
Freighter widebody
|
---------
|
980
|
$280 billion
|
|
Total
|
---------
|
42,730
|
$6,350 billion
|
The massive fleet generates a strong and growing demand for aviation services ranging from supply chain support (parts and parts logistics), to maintenance and engineering services, to aircraft modifications, to airline operations. Over the next 20 years, Boeing forecast an $8.8T market for commercial aviation services with annual growth of 4.2 percent.
"The commercial airplane business fuels an enormous ecosystem of service providers. Our combined forecast shows the full picture of the $15T commercial market ahead of us," Tinseth said. "We see a market in which airlines outsource more and more, a market in which data and data analytics help aircraft and airline networks become more efficient and reliable, and a market in which new technologies provide new services solutions. All of these trends drive greater demand for integrated solutions over the life of an airplane."
Major categories in the services forecast include the $2.3 trillion market for Maintenance & Engineering, which covers tasks required to maintain or restore the airworthiness of an aircraft and its systems, components, and structures. Another major category is the $1.1 trillion market for Flight Operations, which covers services associated with the flight deck, cabin services, crew training and management, and airplane operations.
|
Commercial Aviation Services through 2037 by service category
| |
|
Service category
|
Market value
|
|
Corporate & External
|
$145 billion
|
|
Marketing & Planning
|
$540 billion
|
|
Flight Operations
|
$1,115 billion
|
|
Maintenance & Engineering
|
$2,365 billion
|
|
Ground & Cargo Operations
|
$4,665 billion
|
In terms of the geographic split of the new forecast, the airplane and services demand are similarly geared toward the major growth markets. The Asia Pacific region, which includes China, will continue to lead the way, accounting for 40 percent of total airplane deliveries and 38 percent of total services value. North America and Europe round out the top three.
|
Commercial market through 2037 by region
|
||
|
Region
|
Airplane deliveries
|
Services market
|
|
Asia Pacific
|
16,930
|
$3,365 billion
|
|
North America
|
8,800
|
$1,850 billion
|
|
Europe
|
8,490
|
$1,875 billion
|
|
Middle East
|
2,990
|
$745 billion
|
|
Latin America
|
3,040
|
$515 billion
|
|
Russia/C.I.S.
|
1,290
|
$265 billion
|
|
Africa
|
1,190
|
$215 billion
|
|
Total
|
42,730
|
$8,830 billion
|
Formerly known as Boeing's Current Market Outlook, the CMO is the longest running jet forecast and regarded as the most comprehensive analysis of the commercial aviation industry. The full report can be found at www.boeing.com/cmo.
Forward-Looking Information Is Subject to Risk and Uncertainty
Certain statements in this release may be "forward-looking" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "expects," "forecasts," "projects," "plans," "believes," "estimates" and similar expressions are used to identify these forward-looking statements. Examples of forward-looking statements include statements relating to our future plans, business prospects, financial condition and operating results, as well as any other statement that does not directly relate to any historical or current fact. Forward-looking statements are based on current assumptions about future events that may not prove to be accurate. These statements are not guarantees and are subject to risks, uncertainties and changes in circumstances that are difficult to predict.
Many factors could cause actual events to differ materially from these forward-looking statements, including economic conditions in the United States and globally, general industry conditions as they may impact us or our customers, and other important factors disclosed previously and from time to time in our filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date they are made and we undertake no obligation to update or revise any such statement, except as required by law. Read more...
Newly-established Boeing NeXt organization to lead future commercial mobility solutions and bring flight closer to home
Press release
- Boeing, SparkCognition to shape the future of travel and transport
- Collaboration to focus on next-generation airspace management for the safe integration of autonomous air vehicles
FARNBOROUGH, United Kingdom, July 17, 2018 /PRNewswire/ -- Boeing [NYSE: BA] today announced it is collaborating with artificial intelligence (AI) technology leader, SparkCognition, to deliver unmanned aircraft system traffic management (UTM) solutions.
Boeing and SparkCognition will use artificial intelligence and blockchain technologies to track unmanned air vehicles in flight and allocate traffic corridors and routes to ensure safe, secure transportation. Through the collaboration, they will also provide a standardized programming interface to support package delivery, industrial inspection and other commercial applications. Boeing HorizonX Ventures previously invested in SparkCognition to support its development of a cognitive, data-driven analytics platform for the safety, security and reliability of data technology.
"Estimated by some analysts at $3 trillion, the urban aerial mobility opportunity will lead to the creation of the largest new market in our lifetimes," said Amir Husain, founder and CEO of SparkCognition. "The world's number one aviation leader partnering with the world's most innovative industrial AI company means that unparalleled experience in safety, innovation, scale, and reliability will be brought to bear to address this monumental opportunity."
To help advance UTM and next-generation travel, and evolve the transportation ecosystem, Boeing is standing up a new organization, Boeing NeXt. It will leverage Boeing's research and development activities and investments in areas such as autonomous flight and advanced propulsion, as well as focus on modeling smart cities and exploring new market opportunities to solve for the transportation challenges of the future.
"We're at a point in history where technological advances and societal trends are converging to demand bold solutions and a different way to travel," said Greg Hyslop, Boeing chief technology officer. "Boeing has the experience and expertise to safely and efficiently shape this emerging world of travel and transport. Through Boeing NeXt, we intend to build on our legacy of opening up new frontiers to move people and goods with proven technologies."
To reimagine how products and people move around the world, Boeing is pursuing technology development in emerging fields, including AI and hybrid and fully electric propulsion, that will help ensure safe, efficient flight. In a new video, the company outlines how these enablers will come together with digital systems to make the introduction and integration of autonomous and piloted air vehicles a reality.
"By taking a holistic approach that combines Boeing's strength in technological innovation with new business models and nontraditional partnerships, we are laying the foundation for the future commercial mobility ecosystem," said Steve Nordlund, who will lead Boeing NeXt in addition to his role as vice president of Boeing HorizonX. "We are shaping the physical and connectivity infrastructure to ensure new air vehicles safely operate in the global air space."
The Boeing NeXt portfolio will include the recently unveiled passenger-carrying hypersonic concept, as well as electric vertical takeoff and landing (eVTOL) vehicles that will provide on-demand cargo transport and urban air travel in the future mobility ecosystem.
With award-winning machine learning technology, a multinational footprint, and expert teams focused on defense, industrial internet of things, and finance, SparkCognition builds AI systems to advance the most important interests of society. Its customers turn to SparkCognition to help them analyze complex data, empower decision making, and transform human and industrial productivity. Learn more about SparkCognition's AI applications and why the company was featured in CNBC's 2017 Disruptor 50 and recognized two years in a row on CB Insights AI 100 by visiting www.sparkcognition.com.
Boeing is the world's largest aerospace company and leading manufacturer of commercial jetliners and defense, space and security systems. A top U.S. exporter, the company supports airlines and U.S. and allied government customers in more than 150 countries. Boeing products and tailored services include commercial and military aircraft, satellites, weapons, electronic and defense systems, launch systems, advanced information and communication systems, and performance-based logistics and training.
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