The world’s largest aerospace firm has had a busy year defending its turf. A joint venture between Canadian jet-manufacturer Bombardier and arch-foe Airbus has threatened to steal market share from the plane-maker. So Boeing has sought a tie-up with Embraer, a Brazilian jet-maker (and Bombardier nemesis), in a deal that at press time was under consideration by Brazil’s government. Boeing’s revenue dipped slightly, by 1%, to $93.4 billion last year, but the company has a backlog of orders for about 6,000 commercial jets on the books–worth about half a trillion dollars. President Trump’s recent decision to pull out of the Iran nuclear deal and reinstate sanctions on the country, meanwhile, jeopardizes billions of dollars in slated sales to Iran Air and Iran Aseman Airlines.
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The contract is worth some $3.9 billion, and includes red, white and blue planes.
The idea that the size of an economy should dictate the size of a military is nonsense.