Lockheed to work with U.S. in bid to sell F-35s to Germany: CEO

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Go back to Lockheed to work with U.S. in bid to sell F-35s to Germany: CEO

Boeing (BA) Reports Commitment with Emirates to Purchase 40 787-10 Dreamliners at 2017 Dubai Airshow

November 13, 2017 6:09 AM EST

Boeing (NYSE: BA) and Emirates, one of the world's largest airlines, announced a commitment to purchase 40 787-10 Dreamliners at the 2017 Dubai Airshow. The deal, including airplanes and related equipment, is valued at $15.1 billion at current list prices.

Emirates is the world's largest Boeing 777 operator and will be the first to receive the new 777X in 2020. In selecting the 787-10, Emirates complements their 777 fleet with a medium twin-aisle airplane that offers 25 percent better fuel efficiency per seat and emissions than the airplanes it replaces.

"Emirates' orders today will be delivered from 2022,... More

Boeing (BA) Reports Projections for Middle Eastern New Airplane Market of $730B Over Next 20-Yrs

November 13, 2017 5:59 AM EST

Boeing {NYSE: BA} forecasts that airlines in the Middle East will need 3,350 new airplanes over the next 20 years, valued at an estimated $730 billion. Boeing presented its 2017 Current Market Outlook (CMO) for the region during the Dubai Airshow.

"Traffic growth in the Middle East is expected to grow at 5.6 percent annually during the next 20 years," said Randy Tinseth, vice president of Marketing, Boeing Commercial Airplanes. "The fact that 85 percent of the world's population lives within an eight-hour flight of the Arabian Gulf, coupled with robust business models and investment in infrastructure, allows... More