A Lockheed Martin F-35B fighter jet (R) demonstrates simulated mid-air refuelling with a KC-130 at the Royal International Air Tattoo at Fairford, Britain July 8, 2016. REUTERS/Peter Nicholls
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The aerospace industry is preparing to celebrate major milestones at the Farnborough Airshow this week as Boeing turns 100 and Canada's Bombardier marks the entry into service of a new jet designed to challenge the duopoly of Boeing and Airbus. The July 11-17 event, which alternates with the Paris Airshow as the industry's premier showcase, will see new jets displayed including the world's most expensive warplane, the Lockheed Martin F-35, but is not expected to produce the flood of civil jetliner orders seen in previous years.Airbus and Boeing generally split the market for narrow-body jets which generate most of the industry's revenue, and without which they could not afford to invest in bigger planes.Doubts are meanwhile increasing over the future of the world's biggest jetliner, the Airbus A380, while Boeing is trying to prop up a struggling fighter-jet business.Although the show usually doesn't generate a lot of military headlines, Boeing hopes to reel in two large U.K. helicopter and maritime surveillance orders, while Lockheed Martin is hoping to finalize one of the Pentagon's largest single contracts ever, a deal for 160 F-35 that could be worth $15 billion.
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