Day 1 at the Farnborough Airshow

研报英文原文证据摘录

Day 1 at the Farnborough Airshow

Update

July 21, 2026 04:01 AM GMT

Morgan Stanley & Co. LLCMAerospace | North America Kristine T Liwag

Equity Analyst

Day 1 at the Farnborough Kristine.Liwag@morganstanley.comJason T Holcomb +1 212 761-2980

Research Associate

Jason.Holcomb@morganstanley.com +1 212 761-5592

Airshow Justin M Lang

Justin.Lang@morganstanley.com +1 212 761-6251

This week we are reporting from the Farnborough International Gabrielle Knafelman

Airshow (UK). We highlight key themes and commercial aircraft ResearchGaby.Knafelman@morganstanley.comAssociate +1 212 761-4838

orders from our first day at the event. Shaina C Zuber

Capping Day 1 of the 2026 Farnborough Airshow Shaina.Zuber@morganstanley.com +1 212 761-6353

Aerospace

Day 1 of the Farnborough Airshow is officially in the books. The atmosphere was

North America

noticeably more active than at prior Farnborough events. Investor attendance Industry View Attractive

appeared meaningfully higher, foot traffic was consistently strong, and

conversations across management teams reflected an industry benefiting from a

broad-based aerospace and defense upcycle. The day also provided a glimpse into

the future of mobility. We began Day 1 with a nearly two-hour door-to-door

commute from Central London to Farnborough by car but returned in just 45

minutes via a Joby-Blade demonstration trip — a 15-minute eVTOL helicopter flight

followed by ~30 minutes of ground transportation. While eVTOL commercialization

remains several years away, the experience underscored the potential value

proposition of advanced air mobility. We met with Textron, Embraer, ATI, Moog,

Elbit Systems, Joby Aviation, StandardAero, and Planet Labs. Below, we summarize

our key takeaways from the conference and our meetings with management teams.