Next Stop, Kyiv: Ukrainian Railways’ $1 Billion Deal With
GE Is Set To Dispatch Its Trains Into the Future
By Dorothy Pomerantz – Today (Feb 23, 2018), the Ukrainian government announced it will buy 30 new GE locomotives, which will be built in the U.S. and will arrive in Ukraine for final assembly by the end of the year. The framework agreement, which is valued at over $1 billion, also includes the modernization of existing locomotives in Ukrainian Railways’ fleet, plus additional new GE units over the next decade and a long-term service contract to help maintain them.
The deal is part of a rail-system upgrade the country is undertaking to make sure its $2 billion agricultural sector, which the U.S. Department of Commerce calls “the most promising sector” of the country’s economy, can continue to sell and export the food it produces.
Crucial to this plan: locomotives that work better and don’t break down.
Modernizing a locomotive is like gut-renovating a house, stripping it down to the bare studs and putting in all new walls, stairways and appliances. For Ukrainian Railways, the modernization process will start with the old Soviet-built locomotives that the national rail company has been using for decades.
Workers from GE and local companies will take out the locomotive’s insides, the control system, radiator and engine, until only the bare metal skeleton is left. Then each locomotive will be rebuilt with a shipment of GE equipment, known as a kit. more>
By Andrew Rush – Just as the early railroads transformed the American West and spurred an economic boom across our then young nation, commercial activity in space is blossoming. Expansion of these activities, especially in-space manufacturing, will expand human activity outward and lead to new American economic booms. While the promise of commercial activities in space may be as vast as the promise of the American West, actions must be taken now in order to stay on the path of converting this promise to economic value.
Much of our current progress in space-based operations such as manufacturing can be credited to the multibillion dollar investment in the creation of International Space Station (ISS) and the designation of the U.S. segment of ISS as a National Lab for conducting space-based research for economic development in Low Earth Orbit (LEO).
With the direct U.S. support of the ISS proposed to end in the 2025 timeframe, there’s an industry imperative to scale up and accelerate planning for transition from ISS to commercial space stations or other Private-Public Partnership (PPP) models.
If action is not taken, investment in the ISS and the ISS National Lab, private investment in ISS-based activity, and budding space-based products and services will be wasted. more>
Posted in Broadband, CONGRESS WATCH, Economic development, Economy, Education, History, Science, SPACE WATCH, Technology, Transportation
Tagged Business improvement, Capital, Government, Industrial economy, International Space Station, Manufacturing, Technology, United States
Engine Czech: This University Partnership Is Set To Propel Turboprop Engineering To New Heights
By Tomas Kellner – GE has spent the last 100 years building GE Aviation into a leading force in the aerospace industry. Since it was founded in 1918, the business unit, which brought in $27 billion in revenue last year, has introduced key innovations: It built the first jet engine in the United States and the largest and most powerful jet engines in the world; supplied engine parts for the largest commercial jetliner; and pioneered new materials and technologies like composites and 3D printing.
But it’s been only in the last decade that its Business and General Aviation unit, which is building engines and other technology for private and business planes, decided to pay close attention to the multibillion-dollar turboprop market.
“The turboprop segment has been underserved for decades,” says Brad Mottier, who runs the GE Aviation division. “Airframe customers and operators alike complained about the lack of innovation.”
This week, Mottier and his business said they are inviting the sharpest young engineers in the Czech Republic to help them transform the way we power small aircraft. The company will partner with Prague’s Czech Technical University (CVUT) to help bring up a new generation of aerospace engineers.
Why Prague? The Czech capital is the place where GE decided to jump into the turboprop engine market in 2008, when it took a bet on a storied but struggling turboprop manufacturer, Walter Engines.
Just like the Wright brothers, founder Josef Walter started out fixing and building bicycles before venturing into aviation. Established in 1911, his company ran aviation factories in Italy, Spain, Poland and elsewhere in Europe that produced record-breaking engines for planes used by 13 sovereign air forces. more>
Posted in Business, Economic development, Education, History, Science, Technology, Transportation
Tagged Business improvement, GE, History, skill development, Technology, Turboprop
Accenture – With everything from agriculture to aeronautics in the midst of paradigm shift, a cautious approach to adopting new technologies simply can’t keep pace.
Nor will adopting just one innovation suffice. Effective adaptation almost always involves a combination of innovations working together: a dash of machine learning here, a sprinkle of automation there.
As Accenture Chief Strategy Officer Omar Abbosh describes: “You’re combining a series of innovations, one on the back of the next, to do something fundamentally different… You’ve all heard about Big Data and artificial intelligence and internet of things… They are all very meaningful in their own right, but when they come together they can have a massive impact on business and society.”
The benefits of combination abound. For example, amalgamating just five technologies—autonomous robots, AI, 3D printing, big data, and blockchain—could save industrial-equipment companies a total of $1.6 billion. more>
Posted in Broadband, Business, Communication industry, Economy, Education, Energy, Healthcare, History, How to, Net, Product, Science, Technology, Telecom industry, Transportation
Tagged Broadband, Business improvement, Earth, Government, Internet, Productivity, Super regions, Technology