AMERICAN AIRLINES GROUP INC.

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U.S. FAA halts review of FedEx proposal to install A321 laser-based missile-defense system

01/18/2022 | 01:09pm EDT
Signage is seen on a FedEx location in Manhattan, New York City

WASHINGTON (Reuters) - The Federal Aviation Administration (FAA) said on Tuesday it was withdrawing proposed conditions that could have allowed delivery company FedEx Corp to install a laser-based missile-defense on Airbus A321-200 airplanes.

The FAA said Tuesday it "has determined that further internal study is necessary." The FAA said to avoid confusion "a comment period on a proposal that the agency is not moving forward at this time, the FAA is withdrawing the notice." FedEx did not comment Tuesday and the FAA declined comment beyond the withdrawal.

The FAA had said on Friday it was proposing conditions and opening the proposal for public comment.

In October, 2019, FedEx applied for approval to use a feature that emits infrared laser energy outside the aircraft as a countermeasure against heat-seeking missiles, the FAA disclosed Friday.

For decades, the airline industry and several governments have been grappling with the threat to airliners from shoulder-fired missiles known as Man-Portable Air Defense Systems, or MANPADs. Some use infrared systems to target an aircraft's engines.

"The FedEx missile-defense system directs infrared laser energy toward an incoming missile, in an effort to interrupt

the missile's tracking of the aircraft's heat," the FAA document said.

According to the U.S. State Department, more than 40 civil airplanes have been hit by MANPADs since the 1970s.

In November 2002, two missiles narrowly missed an Arkia Israeli Airlines Boeing 757 passenger jet on take-off from Mombasa airport, and efforts to combat the threat accelerated.

In 2003, an Airbus A300 freighter flown by DHL was damaged by MANPADs and forced to make an emergency landing in Baghdad.

In 2007 and 2008, FedEx took part in a U.S. government trial of anti-missile technology for civil planes by installing Northrop Grumman's Guardian countermeasures system on some commercial cargo flights while BAE Systems said it had installed its JetEye system on an American Airlines airplane.

(Reporting by David Shepardson; Editing by Chizu Nomiyama and David Gregorio)

By David Shepardson


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AIRBUS SE 0.24% 107.18 Real-time Quote.-4.84%
AMERICAN AIRLINES GROUP INC. 3.04% 16.76 Delayed Quote.-9.47%
BAE SYSTEMS PLC 1.66% 761 Delayed Quote.36.16%
FEDEX CORPORATION 1.90% 204.7153 Delayed Quote.-22.32%
NORTHROP GRUMMAN CORPORATION 3.00% 456.62 Delayed Quote.14.53%
ON SEMICONDUCTOR CORPORATION -1.19% 55.78 Delayed Quote.-16.87%
THE BOEING COMPANY 2.63% 123.92 Delayed Quote.-40.05%
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Financials (USD)
Sales 2022 46 396 M - -
Net income 2022 -1 312 M - -
Net Debt 2022 30 534 M - -
P/E ratio 2022 -8,34x
Yield 2022 -
Capitalization 10 561 M 10 561 M -
EV / Sales 2022 0,89x
EV / Sales 2023 0,81x
Nbr of Employees 127 000
Free-Float 99,0%
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Mean consensus HOLD
Number of Analysts 22
Last Close Price 16,26 $
Average target price 19,58 $
Spread / Average Target 20,4%
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Managers and Directors
Robert D. Isom Chief Executive Officer & Director
Derek J. Kerr Executive VP, Chief Financial & Accounting Officer
William Douglas Parker Chairman
Maya Leibman Chief Information Officer & Executive VP
David G. Seymour Chief Operating Officer & Senior Vice President
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