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Boeing 777X Deal Worth Billions
| Boeing, the world's largest aerospace company, is here at Farnborough
to show how its rockets can launch its own satellites to provide an
air traffic control network in which Boeing airliners fly with passengers
surfing the net or watching live TV on a Boeing communications system.
In short, if it flies or needs satellites, the $58 billion company
can do it.
And that's just the commercial side of the business.
Boeing's military business includes the Joint Strike Fighter, a one third share in the F-22 (two thirds Lockheed Martin), 50% of the V-22 Osprey (partnered with Bell Helicopter) and 50% of the Comanche attack helicopter (partner: Sikorsky), as well as the AH-64 Apache helicopter and the C-17 transport, all of which are being talked up here at Farnborough.
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Boeing has disclosed a series of orders for more than 50 777X long-range twin-jets, estimated to be worth in excess of $10 billion.
General Electric president and CEO Jim McNerney yesterday described the deals as representing over 100 orders for his engines, as the GE90-115B is the sole-source powerplant for the 777X GE. McNerney pegged the value of each engine at $16 million.
The Boeing announcement will cover orders from "high-quality" airlines that will give the aircraft "immense credibility," McNerney said. He described the 777X program as "one that will be a big play for us over the next 20 years. If you are offering operators a 10 to 15% operating cost advantage, then that is a big, big advantage."
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