Lufthansa chooses GE, Safran for €1B engine order

CFM International, the JV between General Electric (GE) and Safran, has received an order from Lufthansa (DLAKY) worth over €1B ($1.4B) at list prices for LEAP-1A engines to power 40 Airbus A320 neo jets.

It seems that Lufthansa's strategy is to not rely on just one supplier, as it had picked Pratt & Whitney's PW1199G engines for 60 other planes in the booking.

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs