The Farnborough Airshow 2018 kicks off today and InvestorPlace is looking at some things to know about the event.
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The following are some of the more important things to note about the event.
- The Farnborough Airshow 2018 is set to last from July 16 to July 22.
- While the airshow is underway, much of the important business is going on behind closed doors.
- This includes talk between various companies about what the Brexit will mean for the industry.
- There are also loads of trade deals that are likely to take place during the event.
- The current estimate is that there could be 900 planes ordered by buyers while the Farnborough Airshow 2018 is going on.
- Reports claim that most of these orders will go to Aribus and Boeing (NYSE:BA).
- These two companies are also looking forward with plans for a high-speed successor to the Concorde that stopped running back in 2003.
- There are also expectations that the U.K. government will announce some of the plans it has for its Royal Air Force.
- As for the U.S., it willl ikely be showing off several bits of innovative tech at the Farnborough Airshow 2018.
- This includes a focus on unnamed vehicles, cyber security and more.
- On just the first day of the Farnborough Airshow 2018, there were a total of $46.4 billion in deals made.
- This dwarfs the total amount of deals made during the first day of the last airshow, which was in 2016.
- At that time, the total deals on the first day came in at $23 billion.
You can follow these links to learn more about the Farnborough Airshow 2018 and what else to expect this week.
As of this writing, William White did not hold a position in any of the aforementioned securities.