The Ohio-based GE Aviation unit of Fairfield-based General Electric Co. expects to increase its annual revenue by about $400 million this year, The Dayton Business Journal reports
The Cincinnati-based aircraft engine manufacturer reported $17.6 billion in revenue in 2010 and expects to end the year in the range of $18 billion, said Rick Kennedy, spokesman for GE Aviation.
The increased revenues include results from CFM International, GE’s 50/50 joint partnership with France’s Snecma, and Engine Alliance, the company’s 50/50 partnership with the East Hartford jet engine rival Pratt & Whitney, DBJ reports.
The delivery of commercial engines are estimated to increase by 10 percent to 2,200 engines in 2011, compared to 2,000 engine deliveries in 2010, according to a news release. Total deliveries are expected to reach 3,200 engines this year and 3,350 engines in 2012.
About 25 percent of GE Aviation’s revenue comes from military contracts, Kennedy said.
