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United Technologies (UTX)

Pratt & Whitney Rocketdyne today helped boost into orbit the first mission in NASA's "Living With a Star" program to explore more about how the sun affects life on Earth. The Solar Dynamics Observatory mission was launched from Cape Canaveral Air Force Station, FL, by a United Launch Alliance Atlas V rocket.
The Atlas V is powered by the RD AMROSS RD-180 booster engine and a Pratt & Whitney Rocketdyne RL10 upper-stage engine. Pratt & Whitney Rocketdyne is a unit of United Technologies.

Feb 12 · 12:53:00 PM · Source: Reuters
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by Michael Oliveto

GE (GE)

GE, the biggest maker of wind turbines in the U.S., filed a new patent infringement lawsuit against Mitsubishi Heavy Industries Ltd. and plans to appeal an earlier case it lost.
The new complaint, filed in federal court in Dallas, claims Mitsubishi Heavy infringes two patents. One is related to the base frame supporting the weight of the rotor and the other covers a way to keep the turbine connected to the electricity grid even when the voltage drops. GE seeks a court order to block further use of its inventions, plus cash compensation.

Feb 12 · 12:44:00 PM · Source: Business Week
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by Michael Oliveto

Caterpillar (CAT)

Caterpillar Inc. announced that United Against Nuclear Iran (UANI) renewed its call for Caterpillar to end its business in Iran.
The Office of Foreign Assets Control (OFAC) at the U.S. Department of Treasury yesterday announced that it was taking action to implement existing sanctions against Iran's Islamic Revolutionary Guard Corps (IRGC).

Feb 12 · 12:41:00 PM · Source: Reuters
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by Michael Oliveto

Boeing (BA)

The Electronic Systems Center achieved the next step toward upgrading France's fleet of Airborne Warning and Control System aircraft with the recent award of a $324 million contract to the Boeing Company.
The change to Block 40/45 takes the AWACS fleet from large legacy mainframe computer architecture to more modern Windows- and Unix-based mission computing. Improved situational awareness and combat identification capabilities are two of the benefits of the upgrade.

Feb 12 · 12:38:00 PM · Source: Air Force Material Command
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by Michael Oliveto

Boeing (BA)

Brazilian airline GOL (Linhas Aereas Inteligentes SA GOL) is planning to buy nine airplanes from Boeing for about $600 million, the company's chief executive, Constantino de Oliveira Jr. said in an interview published Thursday in the local financial newspaper Valor Economico.
The executive, however, did not unveil an exact timetable for the purchase.

Feb 12 · 12:35:00 PM · Source: Easy Bourse
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by Michael Oliveto

FedEx (FDX)

Jet Airways (India) Ltd, which runs India’s largest airline, is in initial discussions with FedEx Corp. for a dedicated cargo airline that it wishes to set up either as a joint venture or in alliance with the multinational logistics firm, according to the Global Supply Chain Network, as well as two executives of the airline familiar with the development, who did not want to be identified. Jet originally planned to launch an all cargo airline with Deutsche Lufthansa AG, however, the global economic turndown halted these plans. The Jet Airways executive, who declined to be identified, said FedEx was a logical choice as a partner
"India is largely untapped (as a cargo market). There is strong business for more players." said Ram C. Menen, Senior VP-Cargo, for Emirates SkyCargo, the cargo airline division of Emerites Airlines. In November, FedEx Corp. announced the launch of FedEx India, a next-business-day domestic express service (for small parcels) for the Indian market. The launch followed similar ones by the company in China, Mexico and the UK.

Feb 12 · 11:24:00 AM
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by Steve Wieczorek

AMR (AMR)

Today in Tokyo, executives of Japan Airlines (JAL) and the Japanese Transport Ministry said that the carrier would remain a member of the oneworld® global alliance, anchored by AMR Corp.'s American Airlines. Japan Airlines (JAL) in a pivotal move announced its highly anticipated alliance decision by turning away from Delta and SkyTeam to strengthen its existing partnership with American Airlines (AMR) and oneworld®, according to American Airlines and Centre for Asia Pacific Aviation. oneworld® is a global alliance that brings together eleven of the world's biggest airlines. JAL and AMR, both members of the oneworld® alliance, will jointly apply to the US Department of Transportation (DOT) and the Ministry of Land Infrastructure, Transport and Tourism of Japan (MLIT) for antitrust immunity approval on transpacific routes.
This is a pivotal move in JAL's rahabilitation and restructuring plan, and is additional support for AMR. Both AMR and JAL intend to enter a joint business venture aimed at "enhancing their scope of cooperation on routes between the US and Japan, through adjustments to their respective networks, flight schedules, and other business activities". The joint venture will be subject to government approval.

Feb 11 · 3:26:00 PM
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by Steve Wieczorek

Southwest Airlines (LUV)

Southwest Airlines (LUV) stated that Passenger Revenue per Available Seat Mile (PRASM) is estimated to have increased 14-15% for January 2010. It is the largest PRASM increase in the past twelve months and the fifth consecutive month of PRASM growth for the carrier according to Centre for Asia Pacific Aviation.
Southwest, the star performer continues to improve its unit revenues, outperforming JetBlue, US Airways and Continental Airlines in the yield growth stakes in January 2010. With Southwest leading the way, it is providing hope the US airline industry may have finally turned the corner.

Feb 11 · 2:50:00 PM
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by Steve Wieczorek

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