Rolls-Royce unveils new Pearl engine family member for business aviation
press release
Rolls-Royce today unveiled the Pearl® 700, the latest addition to its Pearl engine family for business aviation. The purpose-designed engine, the most powerful in the Rolls-Royce business jet propulsion portfolio, is the exclusive powerplant for the brand new Gulfstream G700.
With more than 3,200 business jets in service today powered by Rolls-Royce engines, the company is the world’s leading engine supplier in this market. The Pearl 700 is the newest member of the state-of-the-art Pearl engine family, first introduced in 2018 and marks the seventh new civil aerospace engine introduced by Rolls-Royce over the past decade. Gulfstream’s selection of the Pearl 700 to power its new flagship aircraft reaffirms Rolls-Royce’s position as the leading business aviation engine manufacturer.
The Pearl 700 combines the Advance2 engine core, the most efficient core available across the business aviation sector, with a brand-new low-pressure system, resulting in an 8 per cent increase in take-off thrust at 18,250lb compared to the BR725 engine. The engine offers a 12 per cent better thrust-to-weight ratio and 5 per cent higher efficiency, while maintaining its class-leading low noise and emissions performance. The result is an engine that is highly efficient, but also able to propel customers nearly as fast as the speed of sound (Mach 0.925).
It brings together innovative technologies derived from the Rolls-Royce Advance2 technology demonstrator programmes with proven features from the Rolls-Royce BR700, today’s leading engine family in business aviation. This includes a highly-efficient 51.8” blisked fan, a high pressure compressor with a market-leading pressure ratio of 24:1 and 6 blisked stages, an ultra-low emissions combustor, a 2-stage shroudless high pressure turbine and an enhanced 4-stage low pressure turbine, that is one of the most efficient and compact ones in the industry.
The engine’s pioneering technology, combined with outstanding performance, supports Gulfstream’s business aircraft in reaching new standards for the top end of the ultra-long-range corporate jet market. The engine has been developed at the Rolls-Royce Centre of Excellence for Business Aviation Engines in Dahlewitz, Germany, and is currently undergoing a comprehensive test programme.
Chris Cholerton, President – Civil Aerospace, Rolls-Royce, said: “Our whole team is very proud to power the very latest Gulfstream aircraft, the G700, and I congratulate the Gulfstream team on this special occasion. We are looking forward to continuing our successful partnership that started some 60 years and 4,500 engine deliveries ago with the Dart-powered Gulfstream I. The Pearl 700 is a pioneering product, that brings together our latest technology to deliver outstanding efficiency, supporting our leading position in the business aviation world.”
Mark Burns, CEO Gulfstream, said: “The Gulfstream-exclusive Pearl 700 engines that will power the world’s largest business jet at more than nine-tenths the speed of sound once again demonstrate the capabilities of the Rolls-Royce team. From our more than 60-year history with Rolls-Royce, we know they will deliver a first-rate experience to our Gulfstream G700 customers, from the capabilities of the powerplant to their comprehensive after-market support. We are excited to work with them on the industry’s new flagship, the all-new Gulfstream G700.”
Designed for outstanding reliability, the Pearl family is supported by the industry-leading Rolls-Royce CorporateCare® Enhanced, the most comprehensive service programme in business aviation. CorporateCare Enhanced offers substantial financial and operational benefits to customers, increasing asset value and liquidity, mitigating maintenance cost risk and protecting against the unforeseen costs of unscheduled events anywhere in the world. Increased aircraft availability, reduced management burden, full risk transfer, direct priority access to the Rolls-Royce services infrastructure and remote site assistance are further customer benefits.
The Pearl engine family is part of the Rolls-Royce IntelligentEngine vision of a future where product and service become indistinguishable thanks to advancements in digital capability. As well as a new-generation Engine Health Monitoring System that introduces advanced vibration detection, the family benefits from the incorporation of advanced remote engine diagnostics. It is also enabled for bi-directional communications, allowing for easy remote reconfiguration of engine-monitoring features from the ground. Cloud-based analytics, smart algorithms and Artificial Intelligence continue to play an increasing role in delivering exceptional levels of availability and greater peace of mind for our customers.For high-res images please see here: https://www.flickr.com/photos/rolls-royceplc
Global 6500 Aircraft Shines in Las Vegas as it Makes Worldwide Debut at NBAA-BACE 2019 | Bombardier to Report Third Quarter 2019 Financial Results on October 31, 2019
press release
- The Global 6500 aircraft showcased for the first time on static display at the National Business Aviation Convention & Exhibition (NBAA-BACE)
- The Global 6500 aircraft recently received Transport Canada certification and entered into service on September 30
- Global 5500 and Global 6500 jets offer exceptional passenger comfort and a stunning redesigned cabin with exclusive features that are as innovative as they are luxurious
- Stellar lineup of Bombardier jets displayed at the convention, including the industry flagship Global 7500 business jet, the Challenger 350 and Challenger 650 aircraft as well as a full-size mock-up of the new Learjet 75 Liberty
Following the dramatic unveiling of the Global 5500 and Global 6500 aircraft in 2018 at the European Business Aviation Convention in Geneva, Bombardier debuted less than 18 months later, the all-new Global 6500 aircraft, the latest addition to the award-winning and record-breaking Global family, at NBAA-BACE in Las Vegas, Nevada. Joining the Global 6500 aircraft, is a stellar lineup of Bombardier aircraft on static display, including the industry flagship, Global 7500 aircraft.
“We are proud to present our lineup of extraordinary business jets in Las Vegas, particularly our new Global 6500 and Global 7500 business jets, which redefine the standard in the industry for unparalleled cabin comfort, advanced technology and unrivalled performance,” said David Coleal, President, Bombardier Aviation. “Game-changing aircraft like these make for an aviation experience that is second to none, and the Bombardier team has set the bar to new heights when it comes to performance and on-time entry-into-service”
The Pearl 15 engine, the latest addition to Rolls-Royce’s market-leading business aviation engine portfolio, , was developed at the Rolls-Royce Centre of Excellence for Business Aviation engines in Dahlewitz, Germany, and was custom-designed with the most advanced technology – including enhanced aerodynamics, blade cooling and advanced engine health monitoring systems – to power the Global 5500 and Global 6500 aircraft. With the purpose-built engines, advanced wing design and built-in systems redundancy and robustness for which Bombardier Global aircraft are renowned, the aircraft offer a superior safety and a smooth ride to its passengers.
The Global 6500 aircraft offers a stunning redesigned cabin with exclusive features that are as innovative as they are luxurious. The Global 6500 business jet also debuts the Nuage chaise, business aviation’s first and only lounge chair that converts into a flat surface for sleeping or banquet-style dining around the conference grouping table. Within the fluid lines of its exceptionally crafted architecture is a marvel of furniture engineering, meticulously designed to maximize comfort in flight. Bombardier's patented Nuage seat is also exclusive to the new Global aircraft family. With its distinctive technology, the Nuage seat is ideally suited for long-range flights.
The new aircraft builds on the success of the Global 6000 aircraft by offering 600 nautical miles of additional range, coupled with an up to 13-per-cent fuel burn advantage, contributing to highly favorable operating costs versus smaller competing aircraft with less range. The Global 6500 aircraft can connect New York to Dubai, and Hong Kong to London. The aircraft also boasts superior agility, with the ability to access airports that others can’t, such as London City.
About Bombardier
With over 68,000 employees, Bombardier is a global leader in the transportation industry, creating innovative and game-changing planes and trains. Our products and services provide world-class transportation experiences that set new standards in passenger comfort, energy efficiency, reliability and safety.
Headquartered in Montreal, Canada, Bombardier has production and engineering sites in 28 countries as well as a broad portfolio of products and services for the business aviation, commercial aviation and rail transportation markets. Bombardier shares are traded on the Toronto Stock Exchange (BBD). In the fiscal year ended December 31, 2018, Bombardier posted revenues of $16.2 billion US. The company is recognized on the 2019 Global 100 Most Sustainable Corporations in the World Index. News and information are available at bombardier.com or follow us on Twitter @Bombardier.
https://www.bombardier.com/en/media/newsList/details.binc-20191024-bombardier-to-report-third-quarter-2019-financial-.bombardiercom.html?
Bombardier (TSX: BBD.B) will publish its financial results for the third quarter of 2019 on Thursday, October 31, 2019 and hold a live webcast/conference call to review the results starting at 8 a.m. Eastern Time (EDT).
Alain Bellemare, President and Chief Executive Officer; John Di Bert, Senior Vice President and Chief Financial Officer; and Patrick Ghoche, Vice President, Corporate Strategy and Investor Relations, will hold a conference call intended for investors and financial analysts to review the company’s financial results.
| DATE: | Thursday, October 31, 2019 |
| TIME: | 8:00 a.m., Eastern Time (ET) |
Stakeholders wishing to listen to the presentation and question and answer period by telephone may dial one of the following conference call numbers:
| In English: | +1 514 394 9320 or +1 866 240 8954 (toll-free in North America) +800 6578 9868 (overseas calls) |
| In French: (with translation) | +1 514 394 9316 or +1 888 791 1368 (toll-free in North America) +800 6578 9868 (overseas calls) |
Boeing Progress on 737 MAX Safe Return to Service | Boeing Reports Third-Quarter Results
press releqse
Boeing has made significant progress over the past several months in support of safely returning the 737 MAX to service as the company continues to work with the FAA and other global regulators on the process laid out for certifying the 737 MAX software and related training updates. The company has also made significant governance and operational changes to further sharpen its focus.
What we are doing
In addition to providing assistance to those affected by these accidents, teams from across Boeing and our supplier partners have been working around the clock to develop software updates and conduct related flight testing, enhance future pilot training materials, engage and inform global regulators, airline customers and our suppliers, and support the existing fleet of 737 MAX airplanes.
- Support for Victim Families: These two tragic accidents continue to weigh heavily on everyone at Boeing. Boeing has established a $100 million relief fund to meet family and community needs of those affected by these accidents. Fifty million dollars has been set aside for the Boeing Financial Assistance Fund, which is designed to provide immediate financial assistance to the families of the victims of the accidents. Kenneth Feinberg and Camille Biros, renowned experts in establishing and overseeing victim’s compensation funds, have been hired to design and independently administer the Boeing Financial Assistance Fund, which has already begun providing relief to impacted families.
- Software Updates & Flight Testing: We updated the Maneuvering Characteristics Augmentation System (MCAS) on the MAX by adding three additional layers of protection that will prevent accidents like these from ever happening again. To date, we have conducted more than 800 test and production flights with the updated software, totaling more than 1,500 hours. The company is making steady progress on the second software update announced in June for additional flight control computer redundancy. Some 545 participants from more than 140 customers and regulators around the globe, including the FAA, have participated in simulator sessions to experience the proposed MCAS software update. Just last week the company successfully conducted a dry-run of a certification flight test.
- Customer & Stakeholder Engagement: Boeing has conducted 20 conferences across the globe with more than 1,100 participants from more than 250 organizations to help operators and financiers prepare for return to service. The company is also conducting weekly technical calls with customers worldwide to deliver the highest quality support and fully prepare the fleet to safely return to service when the grounding is lifted. This also includes a developing a comprehensive package of training and educational resources. The company is also closely engaging with more than 900 suppliers to ensure supply chain stability.
- 24/7 Fleet Support: Boeing is providing around-the-clock customer support through its global operations center while simultaneously delivering the highest-quality fleet support to airlines. Teams are leveraging advanced analytics, production flights, and on-site demonstrations to ready the fleet for entry-into-service once regulators lift the grounding.
What we have changed
We’re also taking steps to implement previously announced actions that will sharpen our focus on product and services safety. Since announcing changes on Sept. 30, we’ve already made changes in response to our Board of Directors’ recommendations.
- Governance and Oversight: A specially-appointed Board Committee conducted a rigorous, five-month independent review of the company's policies and processes and made a series of recommendations that have been adopted. Earlier this month, the company also announced that its Board of Directors has separated the roles of chairman and chief executive officer to enable Boeing President and CEO Dennis Muilenburg to sharpen his focus full time on running the company, delivering on our customer commitments, and strengthening our focus on product and services safety.
- Safety Management & Engineering Focus: On Sept. 30, Boeing announced the formation of a Product and Services Safety organization that will review all aspects of product safety and maintain oversight of our Accident Investigation Team and the company’s safety review boards. The organization’s leader has been named and the team has already begun operating under its new format. Other changes made include realigning the engineering function, establishing a formal Design Requirements Program, enhancing our Continued Operation Safety Program, partnering with our airline customers on flight deck designs that continue to anticipate the needs of future pilot populations, and expanding the reach of our Boeing Safety Promotion Center.
- Additional steps taken: Boeing has taken additional measures to increase its focus on operational excellence and strengthen how it manages safety across the company, its supply chain, and the broader aerospace community in an effort to advance global aviation safety. We have broadened the use of a comprehensive safety management system and safety review boards to standardize safety policy and share best practices, led by senior company leadership for enhanced visibility. We are expanding the use of our anonymous reporting system to encourage employees to keep bringing forward potential safety issues. Boeing is also taking additional measures to address the growing need for talent, especially pilots and maintenance technicians, by further investing in STEM education. And we are investing heavily in areas such as product design, future flight decks, infrastructure, regulation and new technologies.
“We continue to make steady progress in safely returning the 737 MAX to service. Our Boeing teams are unwavering in their commitment to our customers and our values, and the changes we’re implementing now will further strengthen our approach to safety across our company and the aerospace community,” said Muilenburg.
For the latest updates and an infographic summarizing 737 MAX return to service progress, please visit www.boeing.com/737MAXupdates.
Boeing Statement On Lion Air Flight 610 Investigation Final Report
Boeing (NYSE: BA) issued the following statement regarding the release today of the final investigation report of Lion Air Flight 610 by Indonesia's National Transportation Safety Committee (KNKT):
"On behalf of everyone at Boeing, I want to convey our heartfelt condolences to the families and loved ones of those who lost their lives in these accidents. We mourn with Lion Air, and we would like to express our deepest sympathies to the Lion Air family," said Boeing President & CEO Dennis Muilenburg. "These tragic events have deeply affected us all and we will always remember what happened."
"We commend Indonesia's National Transportation Safety Committee for its extensive efforts to determine the facts of this accident, the contributing factors to its cause and recommendations aimed toward our common goal that this never happens again."
"We are addressing the KNKT's safety recommendations, and taking actions to enhance the safety of the 737 MAX to prevent the flight control conditions that occurred in this accident from ever happening again. Safety is an enduring value for everyone at Boeing and the safety of the flying public, our customers, and the crews aboard our airplanes is always our top priority. We value our long-standing partnership with Lion Air and we look forward to continuing to work together in the future."
Boeing experts, working as technical advisors to the U.S. National Transportation Safety Board, have supported the KNKT over the course of the investigation. The company's engineers have been working with the US Federal Aviation Administration (FAA) and other global regulators to make software updates and other changes, taking into account the information from the KNKT's investigation.
Since this accident, the 737 MAX and its software are undergoing an unprecedented level of global regulatory oversight, testing and analysis. This includes hundreds of simulator sessions and test flights, regulatory analysis of thousands of documents, reviews by regulators and independent experts and extensive certification requirements.
Over the past several months Boeing has been making changes to the 737 MAX. Most significantly, Boeing has redesigned the way Angle of Attack (AoA) sensors work with a feature of the flight control software known as Maneuvering Characteristics Augmentation System (MCAS). Going forward, MCAS will compare information from both AoA sensors before activating, adding a new layer of protection.
In addition, MCAS will now only turn on if both AoA sensors agree, will only activate once in response to erroneous AOA, and will always be subject to a maximum limit that can be overridden with the control column.
These software changes will prevent the flight control conditions that occurred in this accident from ever happening again.
In addition, Boeing is updating crew manuals and pilot training, designed to ensure every pilot has all of the information they need to fly the 737 MAX safely.
Boeing continues to work with the FAA and other regulatory agencies worldwide on the certification of the software update and training program to safely return the 737 MAX to service.
Boeing Reports Third-Quarter Results
- Continue to engage global regulators and customers on safe return to service of the 737 MAX
- Revenue of $20.0 billion reflecting lower 737 deliveries and higher defense and services volume
- GAAP EPS of $2.05 and core EPS (non-GAAP)* of $1.45 per share
- Operating cash flow of ($2.4) billion; paid $1.2 billion of dividends
- Total backlog of $470 billion, including nearly 5,500 commercial airplanes
- Cash and marketable securities of $10.9 billion provide strong liquidity
Table 1. Summary Financial Results
|
Third Quarter
|
Nine Months
| |||||||||
(Dollars in Millions, except per share data)
|
2019
|
2018
|
Change
|
2019
|
2018
|
Change
| |||||
Revenues
|
$19,980
|
$25,146
|
(21)%
|
$58,648
|
$72,786
|
(19)%
| |||||
GAAP
| |||||||||||
Earnings From Operations
|
$1,259
|
$2,227
|
(43)%
|
$229
|
$7,812
|
(97)%
| |||||
Operating Margin
|
6.3%
|
8.9%
|
(2.6) Pts
|
0.4%
|
10.7%
|
(10.3) Pts
| |||||
Net Earnings
|
$1,167
|
$2,363
|
(51)%
|
$374
|
$7,036
|
(95)%
| |||||
Earnings Per Share
|
$2.05
|
$4.07
|
(50)%
|
$0.66
|
$11.95
|
(94)%
| |||||
Operating Cash Flow
|
($2,424)
|
$4,559
|
NM
|
($226)
|
$12,375
|
NM
| |||||
Non-GAAP*
| |||||||||||
Core Operating Earnings/(Loss)
|
$895
|
$1,890
|
(53)%
|
($864)
|
$6,793
|
NM
| |||||
Core Operating Margin
|
4.5%
|
7.5%
|
(3.0) Pts
|
(1.5)%
|
9.3%
|
(10.8) Pts
| |||||
Core Earnings/(Loss) Per Share
|
$1.45
|
$3.58
|
(59)%
|
($1.13)
|
$10.55
|
NM
| |||||
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