2011 Record Year for CFM with $51.7 Billion U.S. in Orders/Commitments; Continues to Increase Production Rates to Record Highs

January 23, 2012

1,500 CFM56 engine orders
3,056 LEAP orders/commitments

WEST CHESTER, Ohio. - CFM International (CFM) had a record year in 2011, logging orders for 1,500 commercial, military and spare CFM56 engines and commitments for 3,056 LEAP engines for a combined value of $51.7 billion at list price.

CFM International, a 50/50 joint company of Snecma (Safran group) and GE, produces the highly popular CFM56 engine family. CFM is developing a new engine family, under the brand name LEAP, which will enter service in 2016.

As the company logs record commitments, CFM is also achieving record production rates for the CFM56 product line. The company has built more than 1,000 engines per year since 2006, and the rate has grown steadily. In 2011, CFM delivered more than 1,300 engines, the highest rate in the industry, compared to 1,250 engines built in 2010. Current plans are to reach more than 1,600 engines per year by 2014.

"2011 was an outstanding year for CFM across the board," said Jean-Paul Ebanga, president and CEO of CFM International. "By year end, we had solid orders for 1,500 CFM56 engines, which would make 2011 a good year in its own right. But we also received a significant number of LEAP orders in the last six months of the year."

"We are expecting additional A320neo, 737 MAX, and C919 announcements in the next couple of months, so 2012 is already off to a very good start," said Ebanga."

Below is a recap of 3,056 LEAP commitments received in 2011 at a value of approximately $36.7 billion U.S. at list price:

LEAP-1A-powered Airbus A320neo (announced 2011): 465 airplanes / 930 engines
(53% share of A320neo orders)