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GE tells Boeing it will not share 797 engines with main rivals

Published 06/19/2017, 12:48 PM
© Reuters.  GE tells Boeing it will not share 797 engines with main rivals
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  • General Electric (GE -0.4%) says it will not share turbine production on Boeing's (BA +1.3%) planned 797 middle market jet with global rivals Pratt & Whitney (UTX +0.9%) and Rolls Royce (LON:RR) (OTCPK:RYCEF, OTCPK:RYCEY).
  • Should Boeing choose multiple suppliers, “we’re out,” David Joyce, head of GE’s aero-engines arm, said at the Paris Air Show, adding that his company still carries “scars” from being one of three engine providers on the Airbus A330 plane 20 years ago.
  • The 797 could enter service in 2025 and is likely to require engines with 40K-50K pounds of thrust.
  • #Paris Air Show
  • Now read: Boeing Launches 737 MAX 10 With Billion Worth Of Orders


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