BOC Aviation Orders Up to 300 CFM Engines in Largest-Ever Deal
GE sits 37% above its 52-week low of $254.66.
Summary
BOC Aviation placed its largest-ever engine order, committing to up to 300 CFM International LEAP engines to power a significant portion of its Airbus A320neo and Boeing 737-8 orderbook. CFM is a 50/50 joint venture between GE Aerospace and Safran, so this deal directly boosts GE's commercial engines backlog. The order follows GE Aerospace's strong Q2 beat and raised guidance just four days ago, reinforcing the robust demand environment for next-gen narrowbody engines. While financial terms weren't disclosed, the scale of the order—the lessor's biggest ever—signals confidence in the LEAP program and sustained aftermarket revenue for years. This adds to the $210.8 billion backlog reported in the Q2 filing and supports the raised full-year outlook.
At the time of this announcement, GE was trading at $349.57 on NYSE in the Manufacturing sector, with a market capitalization of approximately $361.9B. The 52-week trading range was $254.66 to $382.97. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.