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Melrose Industries reports 20% fall in revenue | 4 March 2021

4 March 2021 | 08:16am
StockMarketWire.com - Melrose Industries has reported a near 20% fall in revenue for 2020 - a direct result of the Covid-19 crisis.
The group made an adjusted operating profit of £340 million in 2020, while the statutory operating loss was £338 million. Of the £678 million adjusting items, only £178 million were cash items, almost all related to restructuring.
Trading was at the top end of management expectations throughout the second half of 2020. Excluding Aerospace, the other divisions on average achieved increased second half revenue over 2019 of 2% and 9% in the final quarter.
The strong cash generation resulted in group net debt reducing by over £400 million to £2.85 billion at the end of 2020. Year end leverage was 4.1x EBITDA, but annualising the second half performance the proforma leverage was approximately 3.2x EBITDA. ....

United Kingdom , Justin Dowley , Melrose Industries , Melrose Industries Plc , Lon Mro , Mro L , ஒன்றுபட்டது கிஂக்டம் , மெல்ரோஸ் தொழில்கள் , மெல்ரோஸ் தொழில்கள் ப்ல் , லோன் மிறோ , மிறோ ல் ,

HiRISE Views Perseverance After Landing – NASA's Mars Exploration Program

March 04, 2021
The High-Resolution Science Experiment (HiRISE) camera aboard NASA’s Mars Reconnaissance Orbiter (MRO) took this image of the Perseverance rover on Feb. 24, 2021. The false-color image shows a ring of blast marks where thrusters from the rover’s descent stage blew away dust during landing on Feb. 18, 2021.
By rolling MRO to the side (18 degrees for this image) as it passes over Perseverance every few days, the mission team enables HiRISE to see the rover. Perseverance is about 10 feet by 9 feet (3 by 2.7 meters) in size and is about 180 miles (290 kilometers) away from HiRISE in this image.
MRO’s mission is managed by NASA‘s Jet Propulsion Laboratory, a division of Caltech in Pasadena, California, for NASA’s Science Mission Directorate in Washington. Lockheed Martin Space in Denver built the spacecraft. The University of Arizona in Tucson provided and operates HiRISE. ....

United States , Science Mission Directorate , Propulsion Laboratory , University Of Arizona , High Resolution Science Experiment , Reconnaissance Orbiter , Mission Directorate , Lockheed Martin Space , Mars Reconnaissance Orbiter , Mro High Resolution Imaging Science Experiment Hirise , ஒன்றுபட்டது மாநிலங்களில் , அறிவியல் பணி இயக்குநரகம் , ப்ரொபல்ஶந் ஆய்வகம் , பல்கலைக்கழகம் ஆஃப் அரிசோனா , உயர் தீர்மானம் அறிவியல் சோதனை , பணி இயக்குநரகம் , லாக்ஹீட் மார்டின் இடம் , செவ்வாய் கிரகம் ,

SIAEC to consolidate all engine related services into new division

SIAEC to consolidate all engine related services into new division
SIA Engineering Company (SIAEC) established (24-Feb-2021) an engine services division (ESD), a new business unit to grow its engine services business. Key changes include:
All SIAEC s engine related services will be consolidated and developed under ESD, which will be the lead business channel to complement SIAEC s network of engine JVs in
ESD will develop and provide a comprehensive portfolio of engine related value added services, including engine maintenance, parts repair, storage and preservation, material management, on-wing services and engine testing;
ESD will invest in a facility to accommodate growing demand in engine quick turn maintenance, where engine shop visits are driven by specific work to minimise engine time off-wing, thereby optimising both engine availability and reliability on-wing. The initial setup of the facility will support maintenance work on ....

Sia Engineering Company , Safran Aircraft Engines , Cfm International , Singapore Airlines Group , சியா பொறியியல் நிறுவனம் , சஃப்ரான் வான்கலம் இயந்திரங்கள் , சிஎஃப்எம் சர்வதேச , சிங்கப்பூர் விமான நிறுவனங்கள் குழு ,

That damning report on abandoned aircraft

Some of the unserviceable aircraft at Lagos airport.
It is hardly surprising that Nigeria has taken the unenviable top spot in the ranking of countries with the highest rate of abandoned and unserviceable aircraft among 10 countries polled for the exercise. A Swiss-based firm, CH Aviation conducted the poll and released the damning report. Even though Nigeria has a smaller industry, it ranks higher than Germany, United Kingdom, Argentina, and Malaysia among the top countries with the highest number of geriatric planes.
This, again, is another sad commentary on the state of affairs in a country that is so endowed with human and material resources but bedevilled by poor leadership and inept institutional frameworks to address routine matters, including regular maintenance of assets. ....

United Kingdom , Maintenance Repair , Abandoned Aircraft , Unserviceable Aircraft , ஒன்றுபட்டது கிஂக்டம் , பராமரிப்பு பழுது , கைவிடப்பட்ட வான்கலம் ,

IDEX 2021: SAMI seals MRO JV with Lockheed Martin - Military Logistics

New JV will produce, maintain and repair helicopters, fixed-wing aircraft and missile defence systems. ....

Saudi Arabia , Saudi Arabian , Abu Dhabi , Tim Cahill , Walid Abukhaled , Saudi Arabian Military Industries , Lockheed Martin , Saudi Vision , Joint Venture , சவுதி அரேபியா , சவுதி அரேபியன் , நேரம் காஹில் , சவுதி அரேபியன் இராணுவம் தொழில்கள் , லாக்ஹீட் மார்டின் , சவுதி பார்வை , கூட்டு துணிகர ,