Tuesday, September 3, 2013

NASA aircraft in Houston skies for air pollution study this month

Two NASA aircraft equipped with scientific instruments will fly over the Houston area throughout September as part of a multi-year airborne science mission to help scientists better understand how to measure and forecast air quality from space.

The aircraft are part of NASA's five-year DISCOVER-AQ study, which stands for Deriving Information on Surface conditions from Column and Vertically Resolved Observations Relevant to Air Quality.

One of the aircraft, a twin-engine Beechcraft 200 King Air (registration N529NA), will collect data for the DISCOVER-AQ study looking downward from an altitude of 26,000 feet. The plane's instruments will look down at the Earth's surface, much like a satellite, and measure particulate and gaseous air pollution.

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Monday, September 2, 2013

DCNewsroom most popular posts August 2013

1.) Sequestration: Florida-based company offers alternative to military flyovers - As sequestration continues to affect the U.S. military's ability to perform at air shows and participate in flyovers, the civilian-owned Black Diamond Jet Team is stepping in as an alternative for professional and college-level sports teams, as well as other organizations looking to book a flyover for an upcoming event. [Full post]


2.) NASA plans to remove engines on Shuttle Carrier Aircraft - NASA's Dryden Flight Research Center launched a project last month to remove the engines from the two retired Boeing 747 Shuttle Carrier Aircraft so they can be used on the agency's astronomy research aircraft SOFIA. [Full post]

3.) F-16C Falcon jets collide near Chincoteague, Va. - The U.S. Coast Guard rescued an Air National Guard pilot last month after his F-16 jet went down approximately 35 miles southeast of Chincoteague, Va. [Full post]

4.) Watch for the Perseid meteor shower this weekend – Observers worldwide enjoyed a summer evening of sky watching last month as the annual Perseid meteor shower peaked on the morning of Aug. 12. [Full post]


5.) NTSB releases preliminary data from UPS 1354 crash - National Transportation Safety Board (NTSB) member Robert Sumwalt held a series of press briefings last month following the crash of UPS flight 1354 in Birmingham, Ala. [Full post]

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Friday, August 30, 2013

Space-based Gravitational-wave Observatory telescope contract

NASA's Goddard Space Flight Center (GSFC), Greenbelt, Md., plans to issue a Request for Proposal (RFP) for the Space-based Gravitational-wave Observatory mission next month.

The purpose of the procurement is to build and deliver a feasible prototype telescope that meets the preliminary science requirements,” NASA said in contract documents posted on the Federal Business Opportunities website. “The resultant contract will support GSFCs Science and Exploration Directorate. This competitive procurement will result in a Firm Fixed Price contract. This contract will have an anticipated period of performance of approximately 10 months from the effective date. This procurement will be a full and open competition.”

The anticipated release date of the RFP is Sept. 12, with proposals due on Oct. 11.

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Tuesday, August 27, 2013

New program management and engine order for F-35

Brian Chappel has been appointed vice president and program manager for the Northrop Grumman Corp. F-35 Lightning II program. Northrop Grumman is principal partner to Lockheed Martin on the F-35.

Chappel will be responsible for directing and overseeing cost, schedule, technical matters, quality and customer satisfaction for the production of the aircraft's center fuselage.

Most recently, Chappel was vice president of Business Management and chief financial officer for the company's Advanced Development Programs business unit. Since joining the company from the U.S. Air Force in 1993, Chappel has served in leadership positions for such functions as business development, proposals, contracts, pricing and program business operations. He also has held several leadership positions on the National Polar-orbiting Operational Environmental Satellite System program.

Chappel earned a bachelor's degree in aerospace engineering from PennsylvaniaState University and a master's degree in business administration from the University of California, Los Angeles.

Engine order

In related news, the Department of Defense and Pratt & Whitney have reached an agreement in principle for a production contract for the sixth lot of F135 propulsion systems to power the F-35 Lightning II. The low rate initial production (LRIP) contract covers 38 total engines.

Cost details will be released when the LRIP 6 contract is finalized; however, in general, the unit prices for the 32 common configuration engines, which are used to power both the conventional takeoff and landing (CTOL) aircraft and the aircraft-carrier variant, reduced in LRIP 6 by roughly 2.5 percent compared to the previous LRIP 5 contract for 35 engines,” Pratt & Whitney said in a press release. “The unit prices for the six short takeoff and vertical landing (STOVL) aircraft engines reduced in LRIP 6 by roughly 9.6 percent compared to the previous LRIP 5 contract for three STOVL engines.”

"Driving down cost is critical to the success of this program,” said Lt. Gen. Chris Bogdan, F-35 Program Executive Officer.

The 38 total engines in the sixth lot contract include 36 install engines and two CTOL whole spare engines. The new contract will also include the first propulsion systems for Italy and Australia.

To date, Pratt & Whitney has delivered 107 production engines. Deliveries of LRIP 6 engines will begin in the fourth quarter of this year. The F135 engine has powered 3,548 flights and 5,432 flight test hours, with 27,243 development and flight test hours completed. The F-35B STOVL aircraft have accomplished more than 600 vertical landings.

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Monday, August 26, 2013

Pershing sells entire stake in JC Penny, 39 million shares

Pershing Square Capital Management, L.P., announced Monday they are selling 39,075,771 shares of J.C. Penney Company, Inc. (NYSE: JCP) common stock owned by them. “J.C. Penney will not receive any proceeds from the sale of the shares by the selling stockholders in this offering,” Pershing said in a press statement.

The offering will be made under J.C. Penney's registration statement on Form S-3 filed with the Securities and Exchange Commission (SEC). Citigroup is acting as sole bookrunning manager and underwriter for the offering.

JCP shares are down 46 percent over the last 52 weeks (Aug. 27, 2012 to Aug. 26, 2013). This year alone, the stock is down 32 percent, closing Monday at $13.35 per share, down one percent for the day. JCP has a 52-week low of $12.34 and a high of $32.55.

Pershing Square Capital Management, L.P., based in New York City, is an SEC registered investment advisor to private investment funds. Pershing Square manages funds that are in the business of trading - buying and selling - securities and other financial instruments. Funds managed by Pershing Square have long positions in stock and other financial instruments tied to the performance of J.C. Penney's stock.

Disclaimer: This post is provided for information purposes only and should not be used as the basis for any investment decision. I am neither licensed nor qualified to provide investment advice. Keith Stein has no position in any stocks mentioned in this post. DCNewsroom has no position in any of the stocks mentioned in this post.

Alaska Airlines launches Portland/Atlanta nonstop service

Alaska Airlines inaugurated nonstop service between Portland, Ore., and Atlanta on Monday.

"With these new flights to Atlanta, our Portland-area customers will enjoy nonstop service to a great southeastern city as well as connecting opportunities throughout North America via our partner Delta Air Lines' hub there," said Joe Sprague, Alaska Airlines' vice president of marketing, in a company press release. "Alaska Airlines has added eight new routes from Portland within the last 12 months as we continue our expansion from the Rose City, which includes new service to Dallas-Fort Worth on Sept. 16."

Alaska is offering a one-way fare of $149 to celebrate the new service. “Fares must be purchased by Wednesday, require a 14-day advance purchase, and are valid for travel from Sept. 9 through Nov. 20,” the airline said.

Alaska Airlines, a subsidiary of Alaska Air Group, serves 95 cities through an expansive network.

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Saturday, August 24, 2013

First Boeing 787-9 rolled out to flight line

The Boeing Company has completed the first 787-9 Dreamliner jet. The 787-9 is the second member of the super-efficient 787 family of passenger jets. The new aircraft was rolled out of Boeing's Everett, Wash., factory Saturday to the flight line, where teams are preparing it to fly later this summer.

At 20 feet (6 meter) longer than the 787-8, the 787-9 will extend the 787 family in both capacity and range, carrying 40 more passengers an additional 300 nautical miles (555 kilometers),” Boeing said in a company press release. The 787-9 will burn 20 percent less fuel, releasing fewer emissions than similarly sized airplanes.

With the second and third airplanes in final assembly, Boeing and the 787-9 are on track,” the company said. “First delivery to launch customer Air New Zealand is set for mid-2014.”

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