GE Aviation lands another big engine order

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And the orders keep piling up for GE Aviation.

On Wednesday the company announced it had landed a $2.25 billion order from Aeromexico. The Mexican carrier announced plans to purchase LEAP-1B engines to power 90 Boeing 737 MAX airplanes.

LEAP engines are a product of CFM International, a joint-venture between Snecma and General Electric.

CFM engines have been the sole power plant for all 737 aircraft sold since 1981. Portions of those engines, primarily the forward shaft, are produced at GE’s Castle Hayne plant.

Aeromexico also has ordered 10 Boeing 787 Dreamliners, for which GE also will make the engines. That order is valued at more than $400 million at list price.

Parts for that engine also are manufactured in Castle Hayne.

The Aeromexico orders come on top of a mammoth order for engines announced by United Airlines earlier this month to power 310 new Boeing 737s the Chicago-based carrier plans to buy over the next few years.

GE also received several other smaller 737 engine orders during the Farnborough Air Show in England.

Source: http://business.blogs.starnewsonline.com/20916/ge-aviation-lands-another-big-engine-order/