Boeing, Airbus and United Technologies - 3 Things to Watch at Paris Air Show
Monday, the 2019 Paris Air Show, the world's largest aerospace drama, had plenty of drama.
Key announcements came from Boeing, Airbus and United Technologies.
Airbus bested Boeing with an announcement and a deal of its own.
First, let's talk about Boeing .
The company took center stage at the show that runs all week.
Boeing CEO Dennis Muilenburg addressed the media on Sunday from Paris.
While Muilenburg admitted that in terms of communicating with the public, that Boeing "could have and should have done better," he also indicated that the firm had increased its forecast for aggregate sales across the commercial, defense, and space markets over ten years to $8.7 trillion from $8.1 trillion, despite that fact that Boeing landed just 32 orders for its troubled 737-MAX aircraft in the first quarter.
The European plane maker unveiled the A321XLR, a new member of its A320 family, which is set to hit the market in 2023.
It is a long-range, midsize, single-aisle airliner and the company agreed to sell 100 planes to Air Lease Corporation.
United Technologies CEO Gregory Hayes briefs the public on the firm's proposed "merger of equals" with military electronics giant Raytheon .
TheStreet's Stephen "Sarge" Guilfoyle writes about it in his MarketRecon:Fed Steps Up to the Plate, Paris Air Show, Trading Airbus.
Guilfoyle says, "Stocks have reacted poorly to this complex, highly contested marriage, but there is undeniable value on both ends of the deal and there is a strong likelihood for a market reaction to this presentation".
The 7-day exhibition runs through June 23.
Get the round-up above.