The CEO of Boeing's commercial planes operations, Kevin McAllister, said Monday, June 19, that the 737 Max-10 will offer customers more flexibility and seating space. The new plane is five-and-a-half feet longer than the 737 Max-9, and can carry up to 230 passengers.
The new jet from Boeing is expected to be ready for airlines by 2020.
Boeing shares rose 1.3% in premarket trading.
The deal includes all three variations of the sophisticated F-35 Lightning II jet, a Lockheed spokesman said, CNNMoney reported.
More of What's Trending on TheStreet: