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Northrop Grumman Releases First Quarter 2021 Financial Results

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FALLS CHURCH, Va., April 29, 2021 (GLOBE NEWSWIRE) — Northrop Grumman Corporation (NYSE: NOC) has released its first quarter 2021 financial results. A copy of the earnings release has been furnished in the company’s Form 8-K filing and is also available on the company’s investor relations website at http://investor.northropgrumman.com.

As previously announced, Northrop Grumman will webcast its earnings conference call at 9 a.m. Eastern time today. A live audio broadcast of the conference call will be available on http://investor.northropgrumman.com. To listen to the call, go to the website at least 15 minutes before the call to register, download and install any needed audio software.

Northrop Grumman solves the toughest problems in space, aeronautics, defense and cyberspace to meet the ever evolving needs of our customers worldwide. Our 97,000 employees define possible every day using science, technology and engineering to create and deliver advanced systems, products and services.

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Source: http://www.globenewswire.com/news-release/2021/04/29/2219519/189/en/Northrop-Grumman-Releases-First-Quarter-2021-Financial-Results.html

Globe NewsWire

Photo Release — USS John C. Stennis (CVN 74) Arrives at Huntington Ingalls Industries’ Newport News Shipbuilding Division to Start its Refueling and Complex Overhaul

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NEWPORT NEWS, Va., May 06, 2021 (GLOBE NEWSWIRE) — Aircraft carrier USS John C. Stennis (CVN 74) arrived at Huntington Ingalls Industries’ (NYSE:HII) Newport News Shipbuilding division today to start its refueling and complex overhaul (RCOH) after years of advance planning.

“For the last three years, we have planned each step of the aircraft carrier USS John C. Stennis’ (CVN 74) RCOH, including procuring long lead-time materials, conducting shipboard inspections and readying our facilities for this extensive engineering and construction project,” said Todd West, Newport News’ vice president, in-service aircraft carrier programs.

“We look forward to continuing our work with the ship’s crew and our 579 vendors across 36 states that provide material and services which brings stability of this industrial base and is critical to our ability to continue to build and maintain the Navy fleet our Navy and nation needs,” West added.

A photo accompanying this release is available at: https://newsroom.huntingtoningalls.com/file/stennis-cvn-74-arrives-nns.

Stennis is the seventh Nimitz-class carrier to undergo this major mid-life availability, representing 35% of all maintenance and modernization completed during its 50-year service life. Over the next four years, Newport News will perform hull and freeboard blast and paint, repairs to its propellers, sea chests, shafts, and rudders and defueling and refueling of its power plant.

This effort, which will continue through late 2025, will produce a recapitalized carrier capable of supporting current and future warfare doctrine while continuing to operate as the centerpiece of the Navy fleet and national defense for another 25 years.

Huntington Ingalls Industries is America’s largest military shipbuilding company and a provider of professional services to partners in government and industry. For more than a century, HII’s Newport News and Ingalls shipbuilding divisions in Virginia and Mississippi have built more ships in more ship classes than any other U.S. naval shipbuilder. HII’s Technical Solutions division supports national security missions around the globe with unmanned systems, defense and federal solutions, and nuclear and environmental services. Headquartered in Newport News, Virginia, HII employs more than 41,000 people operating both domestically and internationally. For more information, visit:

• HII on the web: www.huntingtoningalls.com
• HII on Facebook: www.facebook.com/HuntingtonIngallsIndustries
• HII on Twitter: www.twitter.com/hiindustries  
• HII on YouTube: www.youtube.com/huntingtoningalls
• HII on Instagram: www.instagram.com/huntingtoningalls

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Source: https://www.globenewswire.com/news-release/2021/05/06/2225161/14858/en/Photo-Release-USS-John-C-Stennis-CVN-74-Arrives-at-Huntington-Ingalls-Industries-Newport-News-Shipbuilding-Division-to-Start-its-Refueling-and-Complex-Overhaul.html

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Scatec ASA – Long term incentive programme

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Oslo, 6 May 2021: Today, a total of 219,566 share options were granted to leading employees.

Each share option gives the right to subscribe for and be allotted one share in Scatec ASA. The strike price of the options is set to NOK 244.28 per share, which is based on the volume weighted average share price over the ten last trading days preceding 6 May 2021. The options will lapse if not exercised by 1 January 2025. The option grant is divided into three tranches whereby 1/3 vests each year over three years, with the first tranche vesting 1 January 2022. The current grant is the second of three contemplated annual grants of share options in accordance with Scatec’s share-based incentive programme.

For further information, please contact:
Ingrid Aarsnes, VP Communication & IR, tel: +47 950 38 364, email: ir@scatec.com

About Scatec ASA:
Scatec is a leading renewable power producer, delivering affordable and clean energy worldwide. As a long- term player, Scatec develops, builds, owns and operates solar, wind and hydro power plants and storage solutions. Scatec has more than 3.5 GW in operation and under construction on four continents and more than 500 employees. The company is targeting 15 GW capacity in operation or under construction by the end of 2025. Scatec is headquartered in Oslo, Norway and listed on the Oslo Stock Exchange under the ticker symbol ‘SCATC’. To learn more, visit www.scatec.com, or connect with us on Linkedin.

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act

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Source: https://www.globenewswire.com/news-release/2021/05/06/2224892/0/en/Scatec-ASA-Long-term-incentive-programme.html

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Dassault Aviation Launches Falcon 10X, featuring Industry’s Largest Cabin and Most Advanced Technology on a Business Jet

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Dassault Aviation Launches Falcon 10X, featuring Industry’s Largest Cabin and Most Advanced Technology on a Business Jet

High-speed, ultra-long-range Falcon will come with innovative safety features derived from latest fighter technology

Saint-Cloud, France, May 06, 2021 – Dassault Aviation today announced an all-new Falcon jet that will deliver a level of comfort, versatility and technology unmatched by any purpose-built business jet. Featuring a range of 7,500 nautical miles, the Falcon 10X will fly nonstop from New York to Shanghai, Los Angeles to Sydney, Hong Kong to New York or Paris to Santiago. Top speed will be Mach 0.925.

“Today we are introducing a new benchmark in business aviation,” said Dassault Chairman and CEO Eric Trappier. “The Falcon 10X will offer an unrivalled passenger experience over both short- and long-duration flights, along with breakthrough safety features from Dassault’s frontline fighter technology. We have optimized every aspect of the aircraft with the passenger in mind and established a new level of capability for ultra-long-range aircraft.”

The Falcon 10X will enter service at the end of 2025.

Taking cabin modularity to unprecedented heights

The 10X will have the biggest and most comfortable cabin on the market and offer greater modularity than any other aircraft in its class, with a selection of multiple interior configurations. The 10X is large enough to accommodate four cabin zones of equal length but owners can configure their cabin to create a truly customized interior, including for example, an expanded dining/conference area, a dedicated entertainment area with a large-screen monitor, a private stateroom with a queen-size bed or an enlarged master suite with a private stand-up shower.

“The 10X will be more than just another big step forward in business aviation. It will be absolutely the best business jet available in the ultra-long-range category, and will remain so for a long time,” said Trappier.

The 10X will have a cabin cross section larger than some regional jets. Its cabin will be 6-feet, 8-inches (2.03 m) tall and 9 feet, 1 inch wide (2.77 m). That will make it almost 8 inches (20 cm) wider and 2 inches (5 cm) taller than the widest and tallest purpose-built business jet flying today.

Pressurization will also be the best on the market, with passengers experiencing a 3,000-foot cabin pressure altitude while flying at 41,000 feet. A next-generation filtration system will provide 100-percent pure air. The aircraft will be at least as quiet as the Falcon 8X, currently the quietest business jet in service.

New structures, new materials, ultra-efficient power

The 10X will feature an entirely new fuselage with extra-large windows—nearly 50 percent larger than those on the Falcon 8X. Thirty-eight windows will line the fuselage making for the brightest cabin in business aviation.

The high-speed wing will be made of carbon fiber composites for maximum strength, reduced weight and minimum drag. Tailored for speed and efficiency, the very-high aspect ratio wing will be equipped with advanced, retractable high-lift devices offering superior maneuverability at low approach speeds.

The twin-engine aircraft will be powered by business aviation’s most advanced and efficient engine, the in-development Rolls Royce Pearl® 10X. The 10X is the latest, largest and most powerful version of the Pearl series, delivering more than 18,000 pounds of thrust.

A major advance in flight deck technology

The Falcon 10X’s flight deck will set a new standard in intuitive design, with touch screens throughout the cockpit. A next-generation Digital Flight Control System, derived directly from Dassault’s latest military technology, will provide an unprecedented level of flying precision and protection, including a revolutionary, new single-button recovery mode.

A single smart throttle will serve as the primary power control, connecting both engines to the Digital Flight Control System which will automatically manage the power of each engine as needed in different flight scenarios.

Thanks to Dassault’s breakthrough FalconEye® combined vision system—the first to offer both enhanced and synthetic vision capabilities—combined with dual HUDs able to serve as primary flight displays, the 10X will be capable of operating in essentially zero ceiling/visibility conditions.

“We have set the bar for our new Falcon incredibly high,” said Trappier. “But I can confidently say that we have put this aircraft at the top of the market.”

* * *

ABOUT DASSAULT AVIATION:

With over 10,000 military and civil aircraft (including 2,500 Falcons) delivered in more than 90 countries over the last century, Dassault Aviation has built up expertise recognized worldwide in the design, development, sale and support of all types of aircraft, ranging from the Rafale fighter, to the high-end Falcon family of business jets, military drones and space systems. In 2020, Dassault Aviation reported revenues of €5.5 billion. The company has 12,440 employees.         dassault-aviation.com

PRESS CONTACTS:

Falcon Communications
Vadim Feldzer – Tel +33 (0)1 47 11 44 13 – vadim.feldzer@dassault-aviation.com

Corporate Communications        
Stéphane Fort – Tel +33 (0)1 47 11 86 90 – stephane.fort@dassault-aviation.com
Mathieu Durand – Tel +33 (0)1 47 11 85 88 – mathieu.durand@dassault-aviation.com

HD photos: mediaprophoto.dassault-aviation.com

HD videos: mediaprovideo.dassault-aviation.com

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Source: https://www.globenewswire.com/news-release/2021/05/06/2224796/0/en/Dassault-Aviation-Launches-Falcon-10X-featuring-Industry-s-Largest-Cabin-and-Most-Advanced-Technology-on-a-Business-Jet.html

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Dassault Aviation Launches Falcon 10X, featuring Industry’s Largest Cabin and Most Advanced Technology on a Business Jet

Avatar

Published

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Dassault Aviation Launches Falcon 10X, featuring Industry’s Largest Cabin and Most Advanced Technology on a Business Jet

High-speed, ultra-long-range Falcon will come with innovative safety features derived from latest fighter technology

Saint-Cloud, France, May 06, 2021 – Dassault Aviation today announced an all-new Falcon jet that will deliver a level of comfort, versatility and technology unmatched by any purpose-built business jet. Featuring a range of 7,500 nautical miles, the Falcon 10X will fly nonstop from New York to Shanghai, Los Angeles to Sydney, Hong Kong to New York or Paris to Santiago. Top speed will be Mach 0.925.

“Today we are introducing a new benchmark in business aviation,” said Dassault Chairman and CEO Eric Trappier. “The Falcon 10X will offer an unrivalled passenger experience over both short- and long-duration flights, along with breakthrough safety features from Dassault’s frontline fighter technology. We have optimized every aspect of the aircraft with the passenger in mind and established a new level of capability for ultra-long-range aircraft.”

The Falcon 10X will enter service at the end of 2025.

Taking cabin modularity to unprecedented heights

The 10X will have the biggest and most comfortable cabin on the market and offer greater modularity than any other aircraft in its class, with a selection of multiple interior configurations. The 10X is large enough to accommodate four cabin zones of equal length but owners can configure their cabin to create a truly customized interior, including for example, an expanded dining/conference area, a dedicated entertainment area with a large-screen monitor, a private stateroom with a queen-size bed or an enlarged master suite with a private stand-up shower.

“The 10X will be more than just another big step forward in business aviation. It will be absolutely the best business jet available in the ultra-long-range category, and will remain so for a long time,” said Trappier.

The 10X will have a cabin cross section larger than some regional jets. Its cabin will be 6-feet, 8-inches (2.03 m) tall and 9 feet, 1 inch wide (2.77 m). That will make it almost 8 inches (20 cm) wider and 2 inches (5 cm) taller than the widest and tallest purpose-built business jet flying today.

Pressurization will also be the best on the market, with passengers experiencing a 3,000-foot cabin pressure altitude while flying at 41,000 feet. A next-generation filtration system will provide 100-percent pure air. The aircraft will be at least as quiet as the Falcon 8X, currently the quietest business jet in service.

New structures, new materials, ultra-efficient power

The 10X will feature an entirely new fuselage with extra-large windows—nearly 50 percent larger than those on the Falcon 8X. Thirty-eight windows will line the fuselage making for the brightest cabin in business aviation.

The high-speed wing will be made of carbon fiber composites for maximum strength, reduced weight and minimum drag. Tailored for speed and efficiency, the very-high aspect ratio wing will be equipped with advanced, retractable high-lift devices offering superior maneuverability at low approach speeds.

The twin-engine aircraft will be powered by business aviation’s most advanced and efficient engine, the in-development Rolls Royce Pearl® 10X. The 10X is the latest, largest and most powerful version of the Pearl series, delivering more than 18,000 pounds of thrust.

A major advance in flight deck technology

The Falcon 10X’s flight deck will set a new standard in intuitive design, with touch screens throughout the cockpit. A next-generation Digital Flight Control System, derived directly from Dassault’s latest military technology, will provide an unprecedented level of flying precision and protection, including a revolutionary, new single-button recovery mode.

A single smart throttle will serve as the primary power control, connecting both engines to the Digital Flight Control System which will automatically manage the power of each engine as needed in different flight scenarios.

Thanks to Dassault’s breakthrough FalconEye® combined vision system—the first to offer both enhanced and synthetic vision capabilities—combined with dual HUDs able to serve as primary flight displays, the 10X will be capable of operating in essentially zero ceiling/visibility conditions.

“We have set the bar for our new Falcon incredibly high,” said Trappier. “But I can confidently say that we have put this aircraft at the top of the market.”

* * *

ABOUT DASSAULT AVIATION:

With over 10,000 military and civil aircraft (including 2,500 Falcons) delivered in more than 90 countries over the last century, Dassault Aviation has built up expertise recognized worldwide in the design, development, sale and support of all types of aircraft, ranging from the Rafale fighter, to the high-end Falcon family of business jets, military drones and space systems. In 2020, Dassault Aviation reported revenues of €5.5 billion. The company has 12,440 employees.         dassault-aviation.com

PRESS CONTACTS:

Falcon Communications
Vadim Feldzer – Tel +33 (0)1 47 11 44 13 – vadim.feldzer@dassault-aviation.com

Corporate Communications        
Stéphane Fort – Tel +33 (0)1 47 11 86 90 – stephane.fort@dassault-aviation.com
Mathieu Durand – Tel +33 (0)1 47 11 85 88 – mathieu.durand@dassault-aviation.com

HD photos: mediaprophoto.dassault-aviation.com

HD videos: mediaprovideo.dassault-aviation.com

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Source: https://www.globenewswire.com/news-release/2021/05/06/2224796/0/en/Dassault-Aviation-Launches-Falcon-10X-featuring-Industry-s-Largest-Cabin-and-Most-Advanced-Technology-on-a-Business-Jet.html

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