Boeing Books $100B in Orders and Commitments at Farnborough International Airshow



Boeing reported 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 at the Farnborough International Airshow.

Customers announced 673 orders and commitments in total, reflecting a continued resurgence in demand for freighters and order activity for the 737 MAX and 787 passenger airplanes. Boeing secured 48 orders and commitments for the 777F and five for the 747-8F, reflecting continued strengthening in the cargo market globally.

Boeing’s passenger airplane portfolio booked 52 orders for the 787 and 564 for single-aisle 737 MAX, including a commitment from VietJet for 100 airplanes and 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.

Additionally, Boeing and Embraer leaders held their first news conference together since announcing plans for a strategic partnership. Muilenburg, Greg Smith (Boeing CFO and EVP for Enterprise Performance & Strategy) and Paulo Cesar de Souza e Silva (Embraer CEO and president) 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. Boeing NeXt will leverage the company’s research and development activities and investments in areas such as autonomous flight, smart cities and advanced propulsion.

Boeing also made a $5 million investment in Newton Europe to launch science, technology, engineering and math (STEM) education “Newton Rooms” across nine European countries.

“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 Dennis Muilenburg, Boeing chairman, president and CEO. “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.”


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