A Historic Gold Announcement Is About to Rock Wall Street

The greatest investor of all time is about to validate what Garrett Goggin has been saying for months: Gold is entering a once-in-a-generation mania. Front-running Buffett has never been more urgent - and four tiny miners could be your ticket to 100X gains.

After several near-misses on airport runways, a tech company revives work on a hazard-warning system

DAVID KOENIG
June 13, 2024

DALLAS (AP) -- As a Delta Air Lines jet began roaring down a runway, an air traffic controller at New York's John F. Kennedy International Airport suddenly blurted out an expletive, then ordered the pilots to stop their takeoff roll.

The controller saw an American Airlines plane mistakenly crossing the same runway, into the path of the accelerating Delta jet. JFK is one of only 35 U.S. airports with the equipment to track planes and vehicles on the ground. The system alerted the airport control tower to the danger, possibly saving lives last year.

The National Transportation Safety Board and many independent experts say pilots should get warnings without waiting precious seconds to get word from controllers. Just last week, the NTSB recommended that the Federal Aviation Administration collaborate with manufacturers to develop technology for alerting pilots directly.

Honeywell International, a conglomerate with a big aerospace business, has been working on such an early-warning system for about 15 years and thinks it is close to a finished product. The company gave a demonstration during a test flight last week. As pilot Joe Duval aimed a Boeing 757 for a runway in Tyler, Texas, a warning appeared on his display and sounded in the cockpit: "Traffic on runway!"

The system had detected a business jet that was just appearing as a speck on the runway about a mile away -- ground the Boeing would cover in a matter of seconds.

Duval tilted the plane's nose up and pushed the throttle forward into a G-force-inducing climb, safely away from the Dassault Falcon 900 below.

Honeywell officials claim their technology would have alerted the Delta pilots who had the January 2023 near-miss at JFK 13 seconds before the air traffic controller screamed the expletive and told them to stop their takeoff. Merely removing the need for a controller to relay the warning from ground-based systems could be critical.

"Those are microseconds, but they are enough to make a difference," Michael McCormick, a former FAA official who now teaches air-traffic management at Embry-Riddle Aeronautical University in Florida, said. "Providing alerts directly to the cockpit is the next step. This puts the tool in the hands of the pilot who actually has control of the aircraft. This technology is a game-changer."

Honeywell plans to layer the cockpit-alert system on top of technology that is already in wide use and warns pilots if they fly too low.

Incidents like the one at JFK are called runway incursions -- a plane or ground vehicle is on a runway when it shouldn't be. Some incursions are caused by pilots entering a runway without clearance from air traffic controllers. In other cases, there isn't enough spacing between planes that are landing or taking off, which can be the fault of pilots or controllers.

The number of incursions fell during the coronavirus pandemic and has not returned to the recent peaks of more than 2,000 incidents recorded in both 2016 and 2017. However, the most serious ones -- where a collision was narrowly avoided or there was a "significant potential" for a crash -- have been rising since 2017. There were 23 in the United States last year, up from 16 in 2022, according to FAA statistics.

Reducing incursions has always been a priority for FAA "because that's where the greatest risk lies in the aviation system," said McCormick, the former FAA official.

The worst accident in aviation history occurred in 1977 on the Spanish island of Tenerife, when a KLM 747 began its takeoff roll while a Pan Am 747 was still on the runway; 583 people died when the planes collided in thick fog.

Earlier this year, a Japan Airlines jet landing in Tokyo collided with a Japanese coast guard plane that was preparing to take off. Five crew members on the coast guard plane died, but all 379 people on board the airliner escaped before it was destroyed by fire.

The FAA has paid for airport improvements designed to reduce incursions, such as reconfiguring confusing taxiways. It has also paid for technology to alert people in the control tower when a plane is lined up to land on a taxiway instead of a runway.

That type of landing error nearly happened in 2017 in San Francisco, when an Air Canada jet pulled up at the last second to avoid crashing into four jets on the taxiway that were carrying about 1,000 passengers between them.

The FAA is also rolling out more simulators for controllers to practice directing traffic during times of low visibility. The NTSB last week recommended that the FAA require annual refresher training. The suggestion came after the NTSB determined that a controller who nearly caused a catastrophic crash between a FedEx plane and a Southwest Airlines jet during heavy fog in Austin, Texas, last year had not trained for low-visibility conditions in at least two years.

The NTSB's examination of the February 2023 close call in Austin also renewed attention on technology to provide cockpit warnings of possible incursions and included a brief reference to the system Honeywell is developing. The FAA has not certified the system, which Honeywell calls "Surf-A" for surface alerts, but the company thinks certification could happen in the next 18 months.

The FAA's best technology against runway incursions is a system called ASDE-X that lets controllers track planes and vehicles on the ground. But it is expensive, so it's only at 35 of the 520 U.S. airports with a control tower.

"Some people thought ASDE-X was the solution," former NTSB Chairman Robert Sumwalt said. "The problem is, there are a lot more than 35 air-carrier airports. A product (that warns pilots in the cockpit) goes to every airport that the airplane goes to."

Honeywell, which is based in Charlotte, North Carolina, began working on a cockpit warning system around 2008 and tried to convince airlines to support the idea, but it says it found no takers. The company suspended the project when the pandemic devastated aviation in 2020.

Then, as air travel recovered early last year, there were a series of high-profile close calls between planes at major U.S. airports, including the ones at JFK and Austin-Bergstrom International Airport.

"Traffic was picking up. You were having more of the near-misses," said Thea Feyereisen, part of the Honeywell team working on the system. The timing was right to revive the warning system.

"Previously, when we would talk to airlines, they were not interested. Last year, we go talk to the airlines again, and now they're interested," she said.

Still, Honeywell doesn't have a launch customer, and company officials won't say how much it would cost to outfit a plane.

Feyereisen was asked if the system would have prevented the close calls in New York and Austin.

"What our lawyers tell us to say (is) we reduce the risk of a runway incursion. We provide the pilot more time to make a decision" whether to, for example, call off a landing and fly around the airport instead, she said. "Still, the pilot needs to make a decision."

Continue Reading...

Popular

Trump keeps saying the GOP mega bill will eliminate taxes on Social Security. It does not

WASHINGTON (AP) — President keeps saying that Republicans' mega legislation will eliminate taxes on federal benefits.

How to Hack a $1.3T Market - Ad

Forget concrete. The new foundation for real estate success is digital, and Pacaso leads the way. Their tech unlocks a $1.3T real estate market. They've already earned $110M+ in gross profits in their operating history and reserved the Nasdaq ticker PCSO.

Elon Musk-Led Tesla Sales Surge 12% In The UK During June: Q2 Deliveries Beat Analyst Estimates

Tesla UK sales surge 12% in June, with 7,891 units sold as Q2 delivery figures exceed expectations. Rival BYD also sees growth.

Bernie Sanders Shares First Thing He Would Do As President — And It Could Be A Jab At Elon Musk

Bernie Sanders lost the 2016 and 2020 presidential races. In a recent interview, Sanders shared what he would do first if he were president.

Is Elon's Empire Crumbling? - Ad

Jeff Brown - the legend who called Tesla and Nvidia early - says Elon is about to launch a $25T AI revolution. This isn't another chatbot. It's real-world AI that could 14X the impact of ChatGPT. But after July 23rd, it may be too late.

Mark Cuban Raises Employee Wages After Learning Of Government Aid Dependence

Mark Cuban, owner of the NBA's Dallas Mavericks, expressed his dismay upon learning that some of his employees were reliant on government aid programs.

Amazon's AI-Powered 4-Day Prime Day Will Drive Billions In Sales

Bank of America analyst maintains Buy rating on Amazon with $248 price forecast, noting 11th Prime Day event to have extended 4-day window with AI savings tools and estimated $21.4B in GMV.

Copper's Spiking - And This Junior Has the Grades to Match - Ad

Copper is climbing again - and this time, it looks tariff-proof. A $31M junior just posted nearly 1B lbs of copper equivalent. With insiders and institutions piling in, this could be the next breakout.

Bernie Sanders Warns Of 'Concentration of Ownership' In US Companies: 'That's Power'

Bernie Sanders claims Wall Street giants hold majority of US corporations, giving them power to steer economy & politics. Wants reform & better wages

Sig Sauer, faced with lawsuits over a popular pistol, gets protection in New Hampshire

CONCORD, N.H. (AP) — Faced with mounting lawsuits over a popular pistol, New Hampshire-based Sig Sauer asked for — and got — protection in the form of a new state law that makes it harder to .

The Tesla Shock Nobody Sees Coming - Ad

While headlines scream "Tesla is doomed"...Jeff Brown has uncovered a revolutionary AI breakthrough buried inside Tesla's labs. One that is helping AI escape from our computer screens and manifest itself here in the real world all while creating a 25,000% growth market explosion starting as early as July 23rd.

These are the celebs who are attending Jeff Bezos’ Venice wedding

VENICE, Italy (AP) — arrived in Venice on Thursday, leading a star-studded guest list of celebrities descending on the lagoon city for the weekend wedding of Amazon founder Jeff Bezos and Lauren Sánchez.

Supreme Court OKs fee that subsidizes phone, internet services in schools, libraries and rural areas

WASHINGTON (AP) — on Friday upheld the fee that is added to phone bills to provide billions of dollars a year in in schools, libraries and rural areas.

Gold Just Hit Another Record. This Junior Could Be Next. - Ad

This copper junior was the smallest company invited to a top global mining conference. With nearly 1B pounds CuEq and 50,000m of funded drilling, this story won't stay quiet for long.

Asia Markets Mixed, Europe Slips, Dollar Weakens Further As Tariff Deadline Looms - Global Markets Today While US Slept

U.S. markets up on trade deals and rate cut hopes, but concerns persist. Mixed economic data, Central bank expectations, and geopolitical risks affect performance. Asia and Europe markets mostly lower, commodities mixed, USD weak on trade uncertainty.

Lisa Murkowski Defends Alaska Carveouts As Elizabeth Warren, Bernie Sanders And Rand Paul Condemn Trump's 'Big Beautiful' Bill: 'Not Good Enough For The Rest Of Our Nation'

Senators across party lines are fiercely divided over Donald Trump's $3.3 trillion "Big Beautiful Bill," which narrowly passed the Senate and now heads to the House amid concerns over debt, tax cuts, and social program rollbacks.

Copper's Rally Is Back. This $31M Junior Is Sitting on a Potential Fortune - Ad

A high-grade copper-gold discovery in Quebec just delivered extremely high grade intercepts. Valuation? Just $31M. With copper breaking out, the timing here could be perfect. Get the symbol here.

Occidental Petroleum, Exxon Mobil, Chevron Surge In Monday Pre-Market: What's Going On?

Occidental Petroleum Corp (NYSE: OXY), Exxon Mobil Corp (NYSE: XOM) and Chevron Corp (NYSE: CVX) climbed 1.95%, 1.53% and 1.31% during Monday pre-market trading session after oil prices have skyrocketed to their highest point since January, sparking concerns about potential supply disruptions.

Elon Musk Says 'Clear Path' To Restoring Hearing With Neuralink, But The Deaf Community Want To Have Their 'Say'

Elon Musk's Neuralink faces backlash from the deaf community after proposing brain implant technology to restore hearing, with deaf adults calling for inclusion in the research process.

Buffett's Favorite Chart Just Hit 209% - Here's What That Means For Gold - Ad

Buffett's favorite market signal just hit its highest level in history-stocks are more overvalued than 1929. He's sitting on $325B in cash... and may be about to buy one overlooked gold miner. I've identified it-plus 4 others with up to 100X potential.

Bitcoin, Ethereum, XRP, Dogecoin Surge Ahead Of Independence Day

Cryptocurrency markets are surging heading into the holiday weekend, fueled by optimism around altcoin ETF approvals for 2025 and the impending ratification of the ‘Big Beautiful Bill.’

A hard-right lawmaker is sworn in as Greece's migration minister

ATHENS, Greece (AP) — A hard-right lawmaker was sworn in Monday as Greece’s migration minister, replacing a fellow right-wing political heavyweight who resigned following

This Rare Metal Spiked 300%-And One Tiny Firm May Be Riding the Surge - Ad

Antimony prices soared last year, but few investors noticed. One firm, sitting on a historic deposit, is perfectly positioned to benefit as demand grows for defense.

How Senate Republicans want to change the tax breaks in Trump's big bill

WASHINGTON (AP) — House and Senate Republicans are taking slightly different approaches when it comes to the tax cuts that lawmakers are looking to include in their massive

Julian McMahon, Actor Who Played Doctor Doom In Fantastic Four Dies At 56

Julian McMahon, known for his roles in Fantastic Four and series like Charmed and Nip/Tuck, has passed away at 56 after battling cancer.

Back This Medical AI Tech - Ad

You don't often find healthcare tech company valued at $4M. HeartSciences is an exception. With $75M invested, including R&D, clinical trials, and product development, their patented AI software is approaching FDA submission, a potential major inflection point.

Way clear for Hewlett Packard Enterprise's $14B acquisition of Juniper after Justice Dept settlement

Hewlett Packard Enterprise has reached a settlement with the Justice Department that could clear the way for its $14 billion takeover of rival Juniper Networks.

A Historic Gold Announcement Is About to Rock Wall Street - Ad

The greatest investor of all time is about to validate what Garrett Goggin has been saying for months: Gold is entering a once-in-a-generation mania. Front-running Buffett has never been more urgent - and four tiny miners could be your ticket to 100X gains.

UnitedHealthcare Group, Gryphon Digital Mining, AMC Entertainment, Centene, And Tesla: Why These 5 Stocks Are On Investors' Radars Today

Major U.S. indices were mixed on Tuesday, with the Dow Jones Industrial Average rising 0.9% to 44,494.94 and the S&P 500 declining 0.1% to 6,198.01. The Nasdaq fell 0.8% to 20,202.89. These are the top stocks that gained the attention of retail traders and investors throughout the day:

Asian shares mostly higher after US stocks hit another record as Tesla and Nike rally

MANILA, Philippines (AP) — Asian shares mostly gained on Thursday after U.S. stocks hit another all-time high.

How to Hack a $1.3T Market - Ad

Forget concrete. The new foundation for real estate success is digital, and Pacaso leads the way. Their tech unlocks a $1.3T real estate market. They've already earned $110M+ in gross profits in their operating history and reserved the Nasdaq ticker PCSO.

Wild now play at Grand Casino Arena after new naming rights deal succeeds Xcel Energy Center

ST. PAUL, Minn. (AP) — The will play the upcoming season at Grand Casino Arena, after a naming rights deal with the tribal gaming and hospitality company that succeeds the venue's original name, Xcel Energy Center.

Ivy League MBA Was A 'Waste Of Time,' Says Veteran Banker, Lists Two Key Traits Far More Relevant In The AI Age

Standard Chartered CEO Bill Winters says his MBA was a waste of time, and today's leaders need curiosity and empathy, not just technical skills.

Is Elon's Empire Crumbling? - Ad

Jeff Brown - the legend who called Tesla and Nvidia early - says Elon is about to launch a $25T AI revolution. This isn't another chatbot. It's real-world AI that could 14X the impact of ChatGPT. But after July 23rd, it may be too late.

FDA vaccine official restricted COVID vaccine approvals against the advice of agency staff

WASHINGTON (AP) — The working under Health Secretary recently of two COVID-19 vaccines, disregarding recommendations from government scientists, according to federal documents released Wednesday.

California energy regulator recommends pause on plan to penalize excess oil profits

SACRAMENTO, Calif. (AP) — California should pause Gov. Gavin Newsom's plan to penalize oil companies if their profits climb too high, a top energy regulator said Friday while unveiling proposals aimed at addressing high gas prices.

Copper's Spiking - And This Junior Has the Grades to Match - Ad

Copper is climbing again - and this time, it looks tariff-proof. A $31M junior just posted nearly 1B lbs of copper equivalent. With insiders and institutions piling in, this could be the next breakout.

KKR Bets On Sustainable Protein Demand With ProTen Investment In Australia

KKR is acquiring Australian poultry giant ProTen to strengthen its agri-infrastructure portfolio and tap growing demand for sustainable protein.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright markethundred.com
Privacy Policy | Terms of Service