Boeing comes out on top following 2018 Farnborough Airshow

Boeing comes out on top following 2018 Farnborough Airshow
Published: 22 July 2018 - 9:53 a.m.
By: Alexander Pieri

While a number of success stories arose over the course of the 2018 Farnborough International Airshow, Boeing emerged with sizeable sales lead ahead of the competition.

By the time the trade portion of the biennial show concluded, the aerospace manufacturer had secured a total of $98.4bn in orders and commitments for commercial aircraft. Boeing also nabbed another $2.1bn in commercial and defence services orders and agreements.

Within the commercial aviation space, the company picked up 673 orders and commitments in total with particularly high demand for 737 MAX and 787 passenger aircraft. A total of 48 orders and commitments were secured for the 777F, while another five were placed for the 747-8F.

Commenting on the organisation’s successes at 2018 FIA, Dennis Muilenburg, chairman, president and CEO of Boeing, said: “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.

“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.”

During the show, Boeing and Embraer’s leadership co-hosted their first news conference since announcing plans for a strategic partnership. The two parties shared insights into the proposed partnership, highlighting, in particular, the prospective ventures that the two are exploring in commercial aeroplanes and lifecycle services, as well as defence.

The aerospace manufacturer also unveiled the 2018 Commercial Market Outlook, in which the company raised its 20-year outlook for commercial aircraft and services to $15.1tn. According to the report, the global market is projected to grow by almost 43,000 new aeroplanes, which is valued at $6.3tn, along with demand for $8.8tn worth of commercial services through 2038.

In addition to daily announcements of deals over the course of FIA, Boeing unveiled a new collaboration with SparkCognition, an artificial intelligence company, which it will work closely with the deliver unmanned aircraft system traffic management (UTM) solutions.

The announcement was made in parallel to the launch of Boeing NeXt, an incubator organisation that will explore the potential of commercial mobility solutions, which includes areas such as autonomous flight, smart cities and advanced propulsion.

Aiming to foster a new generation of aerospace innovators, Boeing also took the opportunity of FIA to announce a new $5m investment in Newton Europe to launch Science, Technology, Engineering and Math (STEM) education "Newton Rooms" across nine European countries.

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