$BA, $EADSY, $LMT, $KTOS
Boeing (NYSE:BA) and Airbus (OTCMKT:EADSY) are in the spotlights at the Paris Air Show, but a lot of the really interesting “airships” will be on displayat the upcoming biennial aviation and defense industry gathering.
Lockheed Martin’s (NYSE:LMT) F-35 jet will have people looking up at high-speed aerial displays, drones will be a Hot topic and a flying car will show that it is closer to getting off the ground as a consumer ride.
Defense contractors will be wooing customers for high-tech weapons, including drones designed fly “wingman” to a piloted aircraft in combat.
The latest rescue tech, features the debut of a distress beacon with an integrated GPS transmitter to help locate planes that go down. And several companies are showcasing technologies that allow passengers to stay connected to earth in the air.
Here in Paris the aerospace industry is keen to show off its goods, the show runs from 19-25 June
US and European manufacturers seek to best each other by announcing big deals at the show. The last event inY 2015 brought orders for 421 planes worth $57-B for Airbus and orders for 331 planes worth $50% for Boeing.
Industry leaders, Airbus and Boeing orders have seen a downturn in recent years after a buying spree by Mideast and Asian carriers. This year, each company is expected to announce 200 or so orders, some will be airlines or airplane leasing companies firming up earlier orders.
Neither Boeing nor Airbus is unveiling a major new plane at the show.
Boeing’s latest 787 model, the 787-10, and Airbus’ answer to it, the A350-1000, the latest version of the long-delayed Airbus wide-body will get attention. Boeing will also show its 737 Max 9 and Airbus will show the single-aisle A321, popular for its fuel efficiency.
Among the 130 aircraft on display, the Star will likely be the cutting-edge F-35 stealth jet fighter, which costs about $100-M each.
Designed to creep up undetected on ground targets and for air-to-air combat, the jet will Wow the crowd with daily flights impressing potential foreign customers for Lockheed Martin.
Briefings, by the plane’s chief test pilot and others, on the jet’s aerial capabilities and the F-35 program is expected produce news about recent problems that grounded US Air Force F-35s at a base in Arizona, after pilots reported symptoms of oxygen deprivation.
The US Air Force will use the F-35 to replace the A-10 and F-16, and has already taken delivery of more than 100 F-35’s.
Peaceful and deadly drones of all shapes and sizes are expected to be a major source of interest and business at the show.
San Diego, California-based Kratos Defense and Security Solutions, Inc.(NASDAQ:KTOS) will display its “fighter-like” Valkyrie and Mako drones, which it says is highly maneuverable, stealthy, able to fly at near supersonic speeds and “designed to function as “wingmen” to manned aircraft in contested airspace.”
Plus there will also be drones for surveillance and intelligence-gathering.
Have a terrific weekend.