June 19, 2019 | International, Aerospace
Boeing Forecasts $8.7 Trillion Aerospace and Defense Market through 2028
--Growing demand expected across commercial air travel, defense, space and services markets --20-year commercial outlook projects $16 trillion market, powered by rising requirement for 44,040 new jets and related services LE BOURGET, France, June 17, 2019 /PRNewswire/ -- A strong commercial aviation industry, stable defense spending and the need to service all platforms throughout their lifecycle are driving a growing aerospace and defense market, according to the Boeing Market Outlook. Released today at the Paris Air Show, the outlook values the aerospace and defense market at $8.7 trillion over the next decade, up from $8.1 trillion a year ago. The Boeing Market Outlook (BMO) includes a $3.1 trillion projected demand for commercial airplanes through 2028 as operators replace older jets with more capable and fuel-efficient models, and expand their fleets to accommodate the steady rise in air travel across emerging and established markets. Full article: http://www.asdnews.com/news/aerospace/2019/06/17/boeing-forecasts-87-trillion-aerospace-defense-market-through-2028