CFM Wins Approval for LEAP-1B Engine Durability Boost, Doubling Time on Wing
BA sits 21% above its 52-week low of $176.77.
Summary
CFM International, the GE-Safran joint venture, secured U.S. and European regulatory approvals for a durability upgrade to LEAP-1B engines powering Boeing 737 MAX jets. The kit doubles 'time on wing' between key repairs in hot, harsh environments like the Middle East and India, directly addressing a major airline pain point. CFM says LEAP-powered aircraft groundings due to maintenance delays are now near zero, a sharp improvement from recent years when repair backlogs hobbled fleets. This follows Boeing's aggressive 737 MAX production ramp-up plans and a string of large orders, including 200 jets from China. The upgrade can be retrofitted during maintenance and will be integrated into new production engines, potentially easing a bottleneck for Boeing's most critical program. GE Aerospace, as CFM's co-owner, also benefits from the improved engine performance and reduced disruption.
At the time of this announcement, BA was trading at $214.24 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $168.7B. The 52-week trading range was $176.77 to $254.35. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.