Boeing believes that the world economic rebound will provide growth above the long-term trend in 2010, and the company projects that the airline industry will return to profitability in 2011, with passenger traffic growth at an estimated 5.3% annually over the long-term. [Defense Budget and ETFs: Possible Value?]
Boeing’s forecasts are already looking prescient: Norwegian Air Shuttle ordered 15 737s recently, while the Emirates airline ordered 30 777-30ER.
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- iShares Dow Jones U.S. Aerospace & Defense Index Fund (NYSEArca: ITA): Boeing is 7.8%
- PowerShares Aerospace & Defense (NYSEArca: PPA): Boeing is 6.3%
Max Chen contributed to this article.