Evendale-based GE Aviation, an operating unit of
General Electric Co.
), will benefit from an order by
Delta Air Lines
) for 40 Bombardier Aerospace CRJ900 regional airplanes powered
by CF34 engines made by GE Aviation. The company also has an
option of buying 30 additional aircraft.
The firm engine order is valued at $320 million, excluding the
additional 30-aircraft option. Delivery of the engines will start
in 2013. CF34 engine would help to revolutionize regional jet
These planes will be operated by Delta Connection, which
operates regional jets across Wilmington and Atlanta. This order
would allow the airline to replace a less efficient,
single-class, 50-seat aircraft with new two-class, 76-seat
GE Aviation has sold more than 2,100 CF34-8 engines to power
Montreal-based Bombardier's CRJ700 and CRJ900 aircraft and
Brazilian Embraer's 170/175 aircraft. Rotating parts for the CF34
engines are manufactured at GE Aviation's facility at Castle
Hayne and the final assembling is done in Durham.
Tubes, ducts and manifolds for GE's engines are manufactured
in a factory of 200 workers in Dayton. In the Dayton region,
parent company General Electric has 1,400 employees and in the
greater Dayton region, GE Aviation employs more than 1,200
GE Aviation recently acquired two precision manufacturing
companies, Morris Technologies and its subsidiary Rapid Quality
Manufacturing based in Cincinnati, Ohio.
General Electric primarily competes with
Precision Castparts Corp.
). General Electric currently carries a Zacks #3 Rank, which
implies a short-term Hold rating on the stock.
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