970x90 - Montreal - Desktop Sample
Order HereGE Aviation and Woodward Inc. have formed a 50/50 joint venture (JV) to design, develop, source, supply and service fuel systems for GE90, GEnx, GE9X and future GE large commercial engines.
GE Aviation president and CEO David Joyce said the joint venture will “further strengthen both companies’ capabilities and secure a high quality fuel systems supplier for GE’s record production volume on large commercial engines.”
According to GE Aviation, production rates for its jet engines and components have increased significantly over the last five years, with large commercial engine production more than doubling to close to 500 engines in 2015. With a backlog of more than 1,600 high-thrust engines like the GE90, GEnx and GE9X, the high production rates will continue well into the future.
Woodward chairman and CEO Tom Gendron said he believes the joint venture structure “will leverage both company’s respective strengths and optimize fuel system performance.”
GE Aviation said that under terms of the joint venture agreement, Woodward will receive $250 million in cash, and the parties will participate jointly in the operating results of the respective programs. Completion of the transaction is subject only to customary regulatory approvals, and it is expected to close near the end of calendar 2015.
The information on this page may have been provided by a contributor and no guarantees can be made about the accuracy of any content. Contributors must obtain all necessary licenses and/or ownership rights from the relevant content owner(s) before submitting the same for publication. AIRLINE PARTNERSHIP disclaims all liability arising from the publication of content received from contributors. Please refer to our Disclaimer for more details.
970x250 - Melbourne - Desktop Sample
Order Here300x250 - Zurich - Desktop Sample
Order Here300x300 - Rome - Desktop Sample
Order Here300x600 - Paris - Desktop Sample
Order Here468x150 - Cape Town - Phone Sample
Order HereGE Aviation and Woodward Inc. have formed a 50/50 joint venture (JV) to design, develop, source, supply and service fuel systems for GE90, GEnx, GE9X and future GE large commercial engines.
GE Aviation president and CEO David Joyce said the joint venture will “further strengthen both companies’ capabilities and secure a high quality fuel systems supplier for GE’s record production volume on large commercial engines.”
According to GE Aviation, production rates for its jet engines and components have increased significantly over the last five years, with large commercial engine production more than doubling to close to 500 engines in 2015. With a backlog of more than 1,600 high-thrust engines like the GE90, GEnx and GE9X, the high production rates will continue well into the future.
Woodward chairman and CEO Tom Gendron said he believes the joint venture structure “will leverage both company’s respective strengths and optimize fuel system performance.”
GE Aviation said that under terms of the joint venture agreement, Woodward will receive $250 million in cash, and the parties will participate jointly in the operating results of the respective programs. Completion of the transaction is subject only to customary regulatory approvals, and it is expected to close near the end of calendar 2015.
The information on this page may have been provided by a contributor and no guarantees can be made about the accuracy of any content. Contributors must obtain all necessary licenses and/or ownership rights from the relevant content owner(s) before submitting the same for publication. AIRLINE PARTNERSHIP disclaims all liability arising from the publication of content received from contributors. Please refer to our Disclaimer for more details.
970x250 - Melbourne - Desktop Sample
Order Here728x90 - Cape Town - Tablet Sample
Order HereGE Aviation and Woodward Inc. have formed a 50/50 joint venture (JV) to design, develop, source, supply and service fuel systems for GE90, GEnx, GE9X and future GE large commercial engines.
GE Aviation president and CEO David Joyce said the joint venture will “further strengthen both companies’ capabilities and secure a high quality fuel systems supplier for GE’s record production volume on large commercial engines.”
According to GE Aviation, production rates for its jet engines and components have increased significantly over the last five years, with large commercial engine production more than doubling to close to 500 engines in 2015. With a backlog of more than 1,600 high-thrust engines like the GE90, GEnx and GE9X, the high production rates will continue well into the future.
Woodward chairman and CEO Tom Gendron said he believes the joint venture structure “will leverage both company’s respective strengths and optimize fuel system performance.”
GE Aviation said that under terms of the joint venture agreement, Woodward will receive $250 million in cash, and the parties will participate jointly in the operating results of the respective programs. Completion of the transaction is subject only to customary regulatory approvals, and it is expected to close near the end of calendar 2015.
The information on this page may have been provided by a contributor and no guarantees can be made about the accuracy of any content. Contributors must obtain all necessary licenses and/or ownership rights from the relevant content owner(s) before submitting the same for publication. AIRLINE PARTNERSHIP disclaims all liability arising from the publication of content received from contributors. Please refer to our Disclaimer for more details.