FARNBOROUGH, United Kingdom,
July 19, 2018 /PRNewswire/
-- Boeing (NYSE: BA) strengthened its position as the global
leader of the aerospace industry, booking historic orders and
showcasing its innovation and strategy for growth at the
Farnborough International Airshow. At the close of the industry
portion of the show, Boeing announced a total of $98.4 billion in orders and commitments for
commercial airplanes at list prices and $2.1
billion in commercial and defense services orders and
agreements.
"Boeing led the way at Farnborough, demonstrating value for our
customers, capturing important new business in products and
services, and announcing the unique strength of our strategic
partnership with Embraer. We also invested in our European
communities, and launched our new Boeing NeXt organization—proving
the future is built here, at Boeing," said Chairman, President and
CEO Dennis Muilenburg. "We will
continue to win in the marketplace thanks to our talented team, who
innovate across our enterprise with One
Boeing collaboration and deliver on our proven portfolio
with relentless customer
focus."
Boeing marked an outstanding week for order capture in
commercial aviation, with customers announcing 673 orders and
commitments in total, reflecting a continued resurgence in demand
for freighters and strong order activity for the 737 MAX and 787
passenger airplanes. Boeing secured 48 orders and commitments for
the 777F, five for the 747-8F, reflecting continued strengthening
in the cargo market globally.
Customers also continued to demonstrate a strong preference for
Boeing's passenger airplane portfolio, with 52 orders for the 787
and 564 for single-aisle 737 MAX, including a major commitment from
VietJet for 100 airplanes and strong demand for the largest variant
of the MAX family, with 110 orders and commitments for the 737 MAX
10.
On the services side of the business, Boeing secured commercial
and government customers including Antonov, Atlas Air, Blackshape,
Cargolux, Emirates, EVA Airways, GECAS, Hawaiian Airlines,
International Water Services, Malindo Air, Okay Airlines, Primera
Air, Royal Netherlands Air Force, United States Air Force, WestJet
and Xiamen Airlines.
At the show, Boeing also revealed its 2018 Commercial Market
Outlook, raising its 20-year outlook for commercial airplanes and
services to $15.1 trillion. The
global market is forecast at almost 43,000 new airplanes, valued at
$6.3 trillion, and demand for
$8.8 trillion worth of commercial
services through 2038. The strength of the cargo market, noted in
the CMO, was underscored by more than 50 freighter orders and
commitments at the show.
The Boeing 737 MAX 7 and the Biman Bangladesh 787-8 starred in
the daily flying display while the Air Italy 737 MAX 8, a Qatar
Airways 777-300ER, and CargoLogicAir and Qatar Airways 747-8
Freighters were featured in the static display. The U.S. Department
of Defense displayed the AH-64 Apache attack helicopter, the CH-47
Chinook heavy-lift helicopter and the F-15E Strike Eagle.
Additionally, Boeing and Embraer leaders held their first news
conference together since announcing plans for a strategic
partnership. Muilenburg, Boeing Chief Financial Officer and
Executive Vice President for Enterprise Performance & Strategy
Greg Smith and Embraer Chief
Executive Officer and President Paulo Cesar
de Souza e Silva presented details of the proposed
partnership, which includes ventures in commercial airplanes and
lifecycle services, as well as defense.
During the show, Boeing also announced its collaboration with
artificial intelligence company SparkCognition to deliver unmanned
aircraft system traffic management (UTM) solutions. This
announcement coincided with the launch of Boeing NeXt, an incubator
organization for future commercial mobility solutions that will
shape the emerging world of travel and transport. Boeing NeXt will
leverage the company's research and development activities and
investments in areas such as autonomous flight, smart cities and
advanced propulsion, and address transportation challenges of the
future by moving people and goods with proven
technology.
Boeing also highlighted its commitment to future aerospace
innovators with a $5 million
investment in Newton Europe to
launch Science, Technology, Engineering and Math (STEM) education
"Newton Rooms" across nine European countries.
Finally, the show marked the launch of a new brand campaign,
"The Future is Built Here," highlighted by a dynamic exhibit that
featured interactive virtual and augmented-reality displays that
showed visitors Boeing's commercial and defense products, service
offerings and future innovations.
About Boeing
Boeing is the world's largest aerospace company and leading
manufacturer of commercial jetliners and defense, space and
security systems. A top U.S. exporter, the company supports
airlines and U.S. and allied government customers in 150 countries.
Boeing products and tailored services include commercial and
military aircraft, satellites, weapons, electronic and defense
systems, launch systems, advanced information and communication
systems, and performance-based logistics and training. With
corporate offices in Chicago,
Boeing employs more than 140,000 people across the United States and in more than 65
countries. This represents one of the most diverse, talented and
innovative workforces anywhere. Our enterprise also leverages the
talents of hundreds of thousands more skilled people working for
Boeing suppliers worldwide.
Contacts:
Paul Bergman (Commercial)
+1 206-724-7292
paul.r.bergman2@boeing.com
Todd Blecher (Defense, Space
& Security)
+1 703-414-6033
todd.h.blecher@boeing.com
Chantal Dorange (Europe)
+34 91 7688406
chantal.dorange@boeing.com
Megan Hilfer (HorizonX,
Technology)
+1 206-465-5379
megan.e.hilfer@boeing.com
Katie Zemtseff (Global Services)
+1 206 390-7589
katherine.a.zemtseff@boeing.com
View original
content:http://www.prnewswire.com/news-releases/boeing-showcases-the-future-of-aerospace-with-successful-farnborough-airshow-announcing-100-billion-in-orders-and-commitments-300683652.html
SOURCE Boeing