For the past few days the Defense and Aerospace industry has been hearing much news from the Boeing Company. Boeing is the largest leading aerospace company and the largest manufacturer of commercial jetliner and military aircrafts all around the nations. Not only is it involved with aircrafts, but it also partakes in dealing with defense systems, missiles, satellites, and innovative communication systems. A big part of this company provides to NASA because it also functions the Space Shuttle and International Space Station.
On September 16th, Franco Dutch Airline (Air France-KLM) publicized that it ordered hefty amount of airplanes from two prestigious aircraft companies: Boeing and Airbus. This firm ordered 25 Boeing 787-9 Dreamliners with 25 more of them as an option and 25 Airbus A350-900 jets with an option of 35 more of those. Air France-KLM would be spending $10.9 billion in total for Boeings product and $16.08 billion for the Airbus products. The impact this transaction makes on this airline is that these new jets will reduce more than 15% of fuel consumption. As for Boeing and Airbus, more airline companies are willing to invest in these new models not only for its fuel-efficiency but also for its advancements. General Electric and Rolls-Royce is developing engines for Boeing’s new airplane. It is projected that advances in engine technology will provide as much as 8% of the increased efficiency of the new airplane, which shows close to a two-generation jump in technology for the middle of the market.
I think it's astonishing how consistent Boeing has been over the past several years. The ever-expanding company has really made a name for themselves for the aviation industry. Advances in technology will continuously grow throughout the years and fuel-efficiency will improve.
ReplyDeleteThe aviation industry is one which competitors must constantly undergo modifications in order to compete with the various companies / airlines present. As fleets become outdated, it is often necessary to renovate the crafts or purchase new ones. It is my opinion that with the current innovations in engine efficiency and the numerous technological advances, many companies within the aerospace industry will begin recycling current capital for new and more modern equipment.
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