GE gains roughly $4 billion in aviation deals at Air Show

FARNBOROUGH, U.K., 17 July 2008. This week, GE Aviation won 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 in orders 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," says 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 Systems orders include:

Bell Boeing: Five-year contract for integrated systems and equipment for 167 of the V-22 aircraft. Value to GE: $190 million.

Gulfstream Aircraft Corp.: secondary power distribution system and APU door actuation system for new G650 business jet. Value to GE: $100 million.

AgustaWestland: 10-year contract for Integrated Cockpit Display System on 70 Future Lynx and 30 Merlin Capability Sustainment Plus (MCSP) aircraft for U.K. Ministry of Defense. Value to GE: $55 million.

Lockheed Martin: open systems avionics solution for C-130J aircraft. Development for more than 230 aircraft operated by USAF and international air forces. Value to GE: $30 million.

BAE Systems: five-year agreement for spares inclusive repair and overhaul of Royal Air Force VC-10 Powered Flight Control Units (PFCU). Value to GE: $14 million.

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