Boeing is another company that hopes to benefit from China's emerging middle class, predicting the company will become the world's largest domestic air travel market.
The leading provider of commercial planes for China, Boeing predicted demand for 6,330 new airplanes, valued at almost $1 trillion, over the next 20 years. The country will need as many as 1,500 wide-body jets (planes with two aisles) during the period, the Chicago-based planemaker said.
"Enabled by China's growing middle-class population, new visa policies and the underlying strength of its economic growth, this expansion is expected to continue, and in fact accelerate," Randy Tinseth, vice president of marketing at Boeing, said in a statement. "Despite the current volatility in China's financial markets, we see strong growth in the country's aviation sector over the long term."
Sentiment: Strong Buy
Drones are playing an ever-expanding role in modern warfare, so it's no surprise companies like Boeing are developing news ways to shoot them out of the sky. Its last laser was the High Energy Laser Mobile Demonstrator (HEL MD) -- a huge weapon mounted to the top of a truck -- and now it's touting something more portable. The Compact Laser Weapons System fits in four suitcase-sized boxes and can be mounted onto a tripod. It looks like a giant camera and, like the HEL MD, uses an Xbox 360 controller for targeting. As soon as you're in range though, the system can automatically take over and track the UAV, making sure you get a clean shot. Wired reports that, in one of Boeing's demos, it only took two seconds at full power to set a drone aflame.
It's not the most powerful weapon in the defense contractor's arsenal though. The idea is that an operator would use it to quickly burn a small, targeted spot on the UAV. In theory, this would be enough to deter the drone's pilot, or maybe cause it to crash without damaging all of its internal parts. (You could then track it down and potentially find out who was flying it in the first place.) Another upside is its potentially unlimited magazine. Unlike missile systems, which have a finite amount of ammunition, a laser can be used as long as there's a suitable power source. It can be hooked up to a standard 220 volt outlet, a generator or a battery pack. The latter sounds perfect for a laser like this, although Boeing's solutions reportedly have enough charge for just a few shots right now. If you're still intrigued like we are though, check out the video below to see it all in action.
Sentiment: Strong Buy