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Pfizer (PFE.N) CEO: Anti-vaccine sentiment is an anomaly, and we will continue to invest in vaccine development.On December 16th, analyst Anstey stated that U.S. manufacturing employment has fallen to its lowest level since March 2022—clearly not what the Trump administration wanted. There are currently no signs that policies aimed at bringing manufacturing back to the U.S. will effectively boost job growth. Average hourly earnings growth has slowed to its most modest level since May 2021. While the 3.5% increase is still higher than the inflation rate, real wage growth is decelerating, which does little to alleviate the cost of living pressures on the population.On December 16th, at the 32nd meeting of the Contact Group on Defense Issues in Ukraine, German Defense Minister Pistorius stated that Germany had delivered the promised two Patriot air defense missile systems and one IRIS-T air defense system to Ukraine. Pistorius also announced that next year Germany will deliver a large number of AIM-9 Sidewinder missiles from its inventory to Ukraine to strengthen its air defense capabilities.On December 16th, British Defence Secretary Healy stated at the 32nd meeting of the Ukraine Defence Contact Group that the UK will allocate £600 million to help Ukraine improve its air defense capabilities. Healy also announced that the UK will soon begin production of the new "Octopus" interceptor drone, meaning that thousands of interceptor drones will subsequently be shipped to Ukraine every month. In October of this year, Ukraine and the UK signed an agreement for the joint production of the "Octopus" interceptor drone.December 16th - Following the release of US employment and retail sales data, US interest rate futures still anticipate two rate cuts in 2026; the expected easing measure next year is 58 basis points.

This year, Rolls-Royce will begin testing the UltraFan prototype

Aria Thomas

Jul 18, 2022 10:48

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This year, Rolls-Royce (OTC:RYCEY) will begin testing a prototype of its UltraFan engine, the largest turbofan in the world, which is up to 25 percent more efficient than its first-generation Trent engines.


UltraFan chief engineer Andrew Geer told reporters at Rolls' headquarters in Derby, central England, before the beginning of the Farnborough International Airshow on Monday that the demonstrator's fan had a diameter of 370 cm, the maximum size achievable for widebody aircraft.


He remarked that the technology may be scaled down for other applications, such as the return of the British aerospace industry to the market for narrowbody aircraft.


UltraFan will be "frozen" until testing is complete, with no more investment until Boeing (NYSE:BA) or Airbus launch a new aircraft program, UltraFan CEO Warren East told the Financial Times last year.


Geer noted that UltraFan was not a single engine, but rather a platform for several technologies, and that many of its innovations could be implemented into Rolls' existing programs.


It contains carbon titanium fan blades instead of the hollow titanium blades of prior Trents and a 64 megawatt power gearbox, which is a record.


He claimed that the first test flight will also use 100 percent sustainable aviation fuel from Air BP (NYSE:BP), which is derived from vegetable oils rather than fossil fuels.


Chris Cholerton, president of civil aerospace, remarked, "The suite of technologies we are testing aboard the demonstrator will introduce new capabilities for future propulsion systems and provide opportunities to enhance our current fleet."


In addition to improving the performance of gas turbines, Rolls is also exploring hydrogen and hybrid electric technologies to power commuter and regional aircraft.


Beginning in the middle of the 2030s, the company intends to perform rig and engine tests to demonstrate that hydrogen can safely and effectively power small to medium-sized aircraft.


Liquid hydrogen will be utilized to power an AE2100 engine for the first time this year, according to the business, and a test of a Pearl 15 engine will follow at an unspecified date.

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