Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

GKN Aerospace and GE expand partnership for sustainable engine production

EditorPollock Mondal
Published 06/11/2023, 09:26 pm
Updated 06/11/2023, 09:26 pm
© Reuters.

GKN (LON:GKN) Aerospace and General Electric (NYSE:GE) have announced an expansion of their long-standing partnership, with a focus on sustainable engine production, including the high-thrust GEnx program. The collaboration will center on eco-friendly manufacturing, new technology insertion using alternative materials, fan case production and assembly, and repairing complex engine structures.

The comprehensive agreement covers a broad range of areas, including sustainable material solutions, life-of-program contracts for fan cases of GEnx, CF6, GE90, and GE9X engines. GKN Aerospace is set to contribute its design expertise and advanced fabrications to help achieve carbon emissions reduction targets and cost reduction in the GEnx program.

The development, validation, and insertion of upgraded components are scheduled from 2024 to 2030. As part of this agreement, GKN Aerospace will deliver all fan cases for GEnx, CF6, GE90 engines and half for GE9X engines.

In addition to their production responsibilities, GKN Aerospace has also become a part of the global repair network for the GEnx engine. This move supports over 2,000 engines currently in service globally and aligns with the partnership's goal to establish a sustainable manufacturing footprint.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.