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Big orders for Boeing, Sikorsky at Farnborough


The every-other-year Farnborough Air Show in England kicked off Monday with two companies announcing big new orders, and other announcements likely to come later in the week. Boeing, in its ongoing battle with Airbus over the narrow-body jet market, booked orders for 75 of its 737 MAX aircraft from Air Lease Corp., which leases its planes to airlines. At catalog values, that makes the order worth about $7.2 billion, though with discounts the purchase price usually ends up being about half that much. The 737 MAX, which is slated to start deliveries in 2017, features engines that are more efficient and winglets that will improve performance. In a separate announcement, Sikorsky said it secured a deal for hundreds of new helicopters for the U.S. military. The contract, which is worth at least $8.5 billion and covers four different helicopter models, will provide the military with more that 650 new Black Hawk and Sea Hawk variants. There’s an option for 250 more helicopters, which would add another $3 billion to the value of the contract if they’re all purchased. The contract is just the latest between Sikorsky and the military, which has been buying the company’s helicopters for more than 30 years.