NEW YORK, N.Y. - GE Engine Services, Inc., the industry leader in full-service maintenance, overhaul and repair of turbine engines for aircraft and aeroderivative engines for marine and industrial applications, has enjoyed its most outstanding sales year ever.
In 1996, GE Engine Services received orders worth more than $2.6 billion, representing a 44 percent order increase over 1995. In addition, during 1996, GE won multi-year contracts worth over $4.2 billion - more than three times the value of contracts signed in 1995.
These agreements cover all of GE Engine Services' comprehensive programs, including conventional engine overhaul and repair, repair and refurbishment of engine components, and GE Engine Services' Maintenance Cost Per Hour (MCPH) SM.
GE Engine Services, Inc. contracts for overhaul, repair and maintenance cover engines produced by GE Aircraft Engines and by CFM International, the 50/50 joint company of Snecma of France and General Electric Company of the United States, as well as engines produced by other manufacturers. GE Engine Services' MCPH program provides engine maintenance based on a flat rate per engine flight hour, thus allowing airlines to budget their maintenance costs more accurately.
GE Engine Services enjoyed a defining year in global expansion. GE On-Wing Support, Inc., a subsidiary of GE Engine Services, recently selected Northern Kentucky as the new site for expanding its emergency on-wing repair service operations into North America. The facility, which will dispatch "rapid response" teams of GE technicians to customers worldwide 24 hours a day, 365 days a year, will open during March of this year.
In July, Airfoil Technologies International, LLC, a joint venture between GE Aircraft Engines and Sermatech International, announced the formation of Airfoil Technologies Singapore, Pte., Ltd., a subsidiary to be located in Singapore. This plant, which will be capable of processing more than one million airfoils per year with industry-leading turnaround times, will commence operations in December, 1997.
In September, GE acquired majority control of Celma, a Brazilian jet engine overhaul and repair operation, with sales of $135M in 1996.
GE Engine Services, which has headquarters in Cincinnati, Ohio, provides comprehensive overhaul and repair of aircraft engines, components, and accessories at facilities located at: Nantgarw, Wales; Singapore; Ontario, California; Strother Field, near Arkansas City, Kansas; Petropolis, Brazil; and Cincinnati, Ohio.