GE Aviation business base growing

Production rates for jet engines and components from GE Aviation and its partner companies is continuing at historically high rates, driving GE’s installed base of jet engines in revenue service to unprecedented levels, the company said in a recent announcement.

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The jet engine backlog for GE and its partner companies (mostly notably CFM International) exceeds 15,000 jet engines. GE Aviation’s total industrial backlog now exceeds $135 billion for both equipment and long-term services contracts. The value of the backlog has grown 25% in the past two years.

Annual jet engine deliveries (both commercial and military) for GE Aviation and its partner companies have grown from 3,000 in 2010 to about 3,700 in 2014. In 2015, jet engine deliveries are expected again to reach the 3,700-engine range.

The most significant growth is in the commercial jet engine sector, where deliveries are growing from 2,600 units in 2013 to about 2,800 in 2015. This includes more than 1,600 engines to be produced by CFM International.

GE Aviation and its partners are expected to reach 3,000 commercial engine deliveries by 2020. Between now and 2020, the number of commercial jet engines in operation from GE and its partners is expected to increase by about 10,000 engines.

Much of the engine backlog involves new engines under development. For example, the LEAP engine, under development by CFM International for narrow-body aircraft, has a backlog of more than 8,500 engines. The LEAP is expected to enter revenue service in 2016 on the Airbus A320neo. The new GE9X, under development for the Boeing 777X, has a backlog of about 700 engines. It enters service in 2020.