Boeing, Qatar Airways Sign Letter of Intent for Five 777 Freighters. Boeing and Qatar Airways signed a letter of intent to purchase five 777 Freighters, valued at USD1.7 billion at list prices. This rendering shows the airplane in the carrier's livery. Photo courtesy of Boeing

Farnborough, United Kingdom - July 19, 2018

• Multi-billion dollar orders booked for aerospace services and products

• Jointly presented strategic partnership with Embraer

• Announced collaboration with AI company SparkCognition

• Launched future travel and transport organization Boeing NeXt

• Unveiled the 2018 Commercial Market Outlook for air travel, cargo, services

• Increased STEM investment in Europe

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.

Boeing 737 MAX Achieves ‘Firm Concept’ Pictured here is an artist’s rendering of the Boeing 737 MAX family. The 737 MAX rendering is updated to reflect the defined high-speed aerodynamic lines of the 737 MAX. Photo courtesy of Boeing

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, Lion Air Group Announce Order for 50 737 MAX 10 Airplanes. Photo courtesy of Boeing

"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, Avolon Finalize Deal for 75 737 MAX Airplanes Photo courtesy of Boeing

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 LOT Polish Airlines 737 MAX. Boeing, LOT Polish Airlines celebrated the delivery of the carrier's 737 MAX. The airplane is seen here  departing  Boeing's delivery center in Seattle. Photo courtesy of Boeing

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.

Boeing, Jet Airways Announce New Order for 75 737 MAX Airplanes. Photo courtesy of Boeing

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.

Boeing MAX 10 Boeing 737 MAX 10 Reaches Firm Configuration. Photo courtesy of Boeing

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.

Boeing, Icelandair Finalize Order for 16 737 MAX Airplanes. Photo courtesy of Boeing

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.

Boeing 737 MAX Gets Milestone Order from Aviation Capital Group. Photo courtesy of Boeing

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.

Boeing, Avation PLC Deliver Philippine Airlines’ 10th 777-300ER. Photo courtesy of Boeing

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.

Boeing Statement on Turkish Airlines’ Commitment to Order 777s. Photo courtesy of Boeing

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 delivers its 900th 777 Airplane to Ethiopian Airlines. Photo courtesy of Boeing

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, Pakistan International Airlines Finalize Order for Five 777-300ERs. Photo courtesy of Boeing

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.

Boeing Delivers 50th 777 Freighter Photo courtesy of Boeing

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.

Boeing 777 Customers Benefit from 10 New Environmental Actions. Pictured here, Boeing mechanic Rob Thomas checks the 777s GE90-115B engines. Before these initiatives were implemented, Boeing conducted engine tests already completed by GE. After research and coordination with GE, the team reduced the overall test time by nearly 40 percent. Photo courtesy of Boeing

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.

Boeing, Emirates Announce Order for 30 Boeing 777-300ERs. Photo courtesy of Boeing

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  

Boeing Celebrates 1,000th 777 Photo courtesy of Boeing

SOURCE Boeing

http://boeing.mediaroom.com/  



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