Boeing Co. ( BA)  announced plans for a new, longer version of its 737 Max jet, and said at the Paris Air Show that it has orders and commitments of more than 240 for the plane from at least 10 customers.
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.

More from the Paris Air Show: Lockheed Martin Corp. (LMT)  is reportedly nearing a massive deal to sell 440 of its F-35 fighter jets to 11 nations, including the U.S.

The deal includes all three variations of the sophisticated F-35 Lightning II jet, a Lockheed spokesman said, CNNMoney reported.

This article was written by a staff member of TheStreet.

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