GE Signs Nearly $4 Billion in Aviation Deals at Air Show

This week, GE Aviation tallied nearly $4 billion (list price value) in aviation products and services at the Farnborough International Air Show. The sales span across the jet engine product lines of GE and CFM International, the 50/50 joint company of GE and Snecma (SAFRAN Group), as well as aircraft systems products from GE Aviation's Systems business. The $4 billion tally comprises GE's products and services, as well as 50 percent of the value of the CFM orders. "GE Aviation is coming off its three strongest order years in recent memory," said David Joyce, president and CEO of GE Aviation, headquartered in Cincinnati, Ohio. "2008 has continued to be remain strong on aviation expansion spread rather evenly across the world. Farnborough is a great stage for celebrating this fact". GE and CFM announced key strategic agreements: *GE launched a new engine core program, called "eCore," as the technology cornerstone for a new generation of jet engines for narrow-body, regional, and business jets. *GE and Snecma (SAFRAN Group) extended the CFM International partnership to the year 2040, and CFM launched LEAP Demo, an entirely new baseline turbofan engine. *GE and SAFRAN announced agreement on a new joint venture company to cooperatively develop, produce and support engine nacelles for the next-generation single-aisle commercial airliners.