Boeing (BA) - Get Boeing Company Report sees the aerospace industry as robust and healthy in the long term and is expecting 41,030 plane deliveries worth more than $6 billion over the next 20 years, the company said Tuesday. That's greater than its 39,620 plane delivery forecast from last year.
"Economic growth, increasing consumer spending on services, growing middle classes in emerging markets, and evolving airline business models support this long-term outlook," Boeing said in its report. "In addition to the need for new airplanes to meet growth demand, three quarters of today's 23,500 commercial jets are forecast to need replacement over the next 20 years, contributing to overall demand for 41,030 new airplane deliveries by 2036."
Boeing is continuing to see a rise in orders for its 737 aircraft at the Paris Air Show.
What's Hot On TheStreet
TheStreet's Lindsay Rittenhousewent shopping online at Ohio stores to see how Whole Foods stacked up against Walmart Stores Inc. (WMT) - Get Walmart Inc. Report and rival grocer Kroger (KR) - Get Kroger Co. (KR) Report . While the results may not be shocking, they show just how much Amazon will have to cut for Whole Foods to be on equal footing with some of its competitors.
The cost of eight everyday food items at Whole Foods, TheStreet found, were nearly double those of the ones at Walmart, but Kroger undercut them both. Whole Foods' basket cost $38.29; Walmart's, $19.86; and Kroger's, $16.58.
With data as shocking as this, it's no wonder Whole Foods founder John Mackey is in love with Amazon.
Tesla's stock is out of control: Tesla Inc. (TSLA) - Get Tesla Inc Report shares are expected to have a strong session amid reports Elon Musk's electric car baby may open a new production facility in China. Such a move would avoid tariffs in the world's second-largest economy, but risk the ire of U.S. President Donald Trump's "buy American, hire American" industrial policy, TheStreet's Martin Baccardax reports.
Tesla's market cap is now more than $60 billion and climbing, despite the company continuing to lose money. Ford's (F) - Get Ford Motor Company Report market clocks in at $44.7 billion, while General Motors (GM) - Get General Motors Company (GM) Report stands at $51.9 billion.
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