Centennial’s Boom Tech gets a $33 million funding boost for its supersonic jet

So many investors wanted in on the supersonic jet in development in Centennial that Boom Technology decided to accept more funding than it set out to attract. It raised $33 million, the company plans to announce Wednesday.

“We now have all the money we need to go and build an airplane,” Boom CEO and co-founder Blake Scholl said.

The plane, of course, is no ordinary aircraft. It intends to travel faster than last century’s Concorde, but will be smaller, lighter and cheaper. Boom says the future plane will travel faster than the speed of sound and fly from New York to London in 3 hours and 15 minutes — for $5,000 round trip. The lure of faster, affordable travel enticed investors, but their attraction to Boom is a supersonic jet that is feasible and marketable.

“There has been extreme interest in Boom, not minor interest. Not paper airplanes either. Highly suitable investors and global airlines are looking at this. They see the disruptive nature of this airplane and they want to be part of it,” said Michael Boyd, president of Boyd Group International, an aviation consulting firm in Evergreen that is not an investor. “The thing is with this entity, they (Boom) are not dreamers. These people don’t want to just put out a supersonic airplane. They’re looking at it from a market perspective, not a dreamer’s.”

Posted in Model Airpanes | Tagged , | Leave a comment

Tech and terrorism experts question Trump’s airline electronics ban: It ‘makes absolutely no sense’



Donald Trump.
Mike
Segar/Reuters


After the Trump administration
announced a ban
on carrying electronic devices larger than a
cellphone in the cabins of US-bound airplanes coming from eight
Middle Eastern and African countries, experts were left
questioning whether such a ban would actually be effective in
preventing terrorist attacks.

The US Department of Homeland Security announced the ban, which
applies to nonstop flights originating from 10 airports in
Jordan, Egypt, Turkey, Saudi Arabia, Kuwait, Morocco, Qatar, and
the United Arab Emirates, on Monday evening. Passengers will have
to place all electronic items larger than a cellphone in their
checked luggage so the devices cannot be accessed in-flight.

“Evaluated intelligence indicates that terrorist groups continue
to target commercial aviation and are aggressively pursuing
innovative methods to undertake their attacks, to include
smuggling explosive devices in various consumer items,” a senior
administration official said on a call with members of the media.

Ban ‘ignores the realities of terrorist behavior’

David C. Gomez, a

Article source: http://www.businessinsider.com/experts-trump-airline-electronics-ban-2017-3

Posted in Model Airpanes | Tagged , | Leave a comment

Glancy Prongay & Murray LLP Commences Investigation on Behalf …

LOS ANGELES–(BUSINESS WIRE)–

Glancy Prongay Murray LLP (“GPM”) is investigating potential claims on behalf of investors of TransDigm Group Incorporated (“TransDigm” or the “Company”) (NYSE: TDG) concerning the Company and its officers’ possible violations of federal securities laws.

On January 20, 2017, Citron Research published an article claiming that TransDigm is the Valeant of the aerospace industry. Specifically, Citron alleged that the Company’s business model relies on acquiring airplane parts companies, firing employees, and egregiously raising prices. Citron claimed that while the Company’s business model made it a dominant airplane parts supplier, it also burdened the Company’s balance sheet with a sky-high debt load. On this news, the Company’s share price declined by nearly 10%.

Then, on March 21, 2017, California Representative Ro Khanna sent a letter to the Defense Department Inspector General asking for an investigation into the business practices of TransDigm, claiming that the Company appears to be evading certain pricing and cost disclosure regulations. On this news, the Company’s share price declined by more than 5%, thereby injuring investors.

If you purchased TransDigm securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East,

Article source: http://finance.yahoo.com/news/glancy-prongay-murray-llp-commences-005000862.html

Posted in Model Airpanes | Tagged | Leave a comment

A battleground stock for Wall Street’s short sellers is getting hammered

This man dropped out of college twice and now directs MIT’s Media Lab — here’s how he did it

Article source: http://www.businessinsider.com/representative-ro-khanna-calls-for-inspection-into-transdigm-2017-3

Posted in Model Airpanes | Tagged | Leave a comment

A&M prof leads team of researchers to investigate Germanwings plane crash

An international team of scientists and mathematicians have been working to reconstruct the crash of Germanwings flight 9525, which burst into thousands of pieces upon impact in the the French Alps in 2015, through complex computer simulations.

Led by AM professor of mathematics Goong Chen, the team used a computer model to recreate the plane and the surrounding terrain, and then virtually crash the plane in different ways to try to determine which initial conditions most likely led to the observed debris pattern.

“Through mathematical modeling and the ensued supercomputing, we can visualize from the dynamic video animation how the airliner was totally destructed and fragmented,” Chen said. “This is like a ‘crime scene reenactment’ that is often critical in the investigation of any committed crime. But only computer simulation has made this possible, as physical experiments even with small scale models can be extremely

Article source: http://www.thebatt.com/science-technology/a-m-prof-leads-team-of-researchers-to-investigate-germanwings/article_217976b2-0deb-11e7-91ec-d32f78e66c8b.html

Posted in Model Airpanes | Tagged , | Leave a comment

A Mini for the Masses

PORTLAND, OR – A big Mini may be an oxymoron, but it also looks like a darn good idea.

The new Countryman, the largest Mini ever, is hitting the market at the perfect time, just as the Small CUV sector is beginning to bulge with new entries to keep pace with rapidly rising consumer demand.

It’s also well-positioned, with generous interior room despite a footprint that is much smaller than most of its competition and a price that undercuts many of its key luxury-brand rivals. That combination helps the new Countryman live up to Mini’s fun-to-drive, bang-for-the-buck DNA in spite of its more practical design and dimensions.

The 5-seat Countryman reaches 169.8 ins. (4,313 mm) in overall length, extending 8.1 ins. (206 mm) beyond the first-generation model. That makes it about an inch longer than a Buick Encore but at least 3 ins. (76 mm) shy of an Audi Q3 and new Jeep Compass.

Although it’s narrower than the Compass, it has a longer wheelbase at 105.1 ins. (2,670 mm), helping stretch interior volume while ensuring the Countryman meets Mini’s mission of maximum around-town maneuverability.

The new front-drive model is slightly bigger than Mini’s own Clubman, which measures 168.3 ins. (4,275 mm) overall. But company officials say it’s character, not size, that separates the two models for buyers, contending the Clubman is meant to be a sporty, elegant, gentleman’s car, while the Countryman is bolder, with a more rugged, masculine design.

“On paper there are similarities, but I’d be surprised if people were looking at both,”

Article source: http://wardsauto.com/test-drives/mini-masses

Posted in Model Airpanes | Tagged | Leave a comment

TransDigm Stock Upgraded: What You Need to Know

‘+
‘

‘+__tnt.truncateStr(oAsset.title,85,’…’)+’

‘+
‘

‘+
‘

Article source: http://host.madison.com/business/investment/markets-and-stocks/transdigm-stock-upgraded-what-you-need-to-know/article_5eb69e08-a375-577e-9d2b-a0e2cd2e24b8.html

Posted in Model Airpanes | Tagged | Leave a comment