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Saturday, October 15, 2016 8:40:38 PM
Meanwhile, the company is making a smooth transition to LEAP engine production. CFM will produce around 100 LEAP engines in 2016, ramping up to more than 2,000 engines per year by 2020.
“We knew from day one that this would be an extraordinary ramp-up, and we have been preparing for it for a long time,” said Francois Bastin, CFM executive vice president. “The investment that GE and Safran have made, our dual-sources strategy, and the fact that we have kept critical technologies in house has put us on track to meet our production commitments to Airbus and Boeing.”
Prime examples of the investment include Safran’s 3-D woven carbon fiber composite fan blades factories, as well as GE’s new LEAP final assembly and overhaul facility in West Lafayette, Indiana.
https://www.cfmaeroengines.com/press-articles/cfm56-reaches-record-production-rate-cfm-delivers-30000th-engine/
LEAP is the replacement engine for the CFM56. The changeover to production of LEAP engines is currently in progress. The CFM56 has contributed significantly to the design of the LEAP engine by driving reliability and maintenance cost design practices. CFM expects to produce more than 2,000 LEAP engines annually by 2020.
http://www.fi-powerweb.com/Engine/CFM56-F108.html
There are three key takeaways from Alcoa's evolving outlook in 2016, and they have a direct resonance for prospects at companies such as General Electric Company (NYSE:GE), Johnson Controls (NYSE:JCI), and United Technologies (NYSE:UTX).
Long-term fundamentals in aerospace remain positive, but 2016 is a transitional year and stock selection is important.
Moreover, Alcoa CEO Klaus Kleinfeld spoke of the negative impact on airframe components from reductions in build rates on the Airbus A380, Bombardier CSeries, and Boeing 777. On the other hand, the ramp-up in new engine production is creating strong growth because of a "high level of technical sophistication" and "increased product introduction cost for qualification of the component."
http://www.fool.com/investing/2016/10/13/alcoa-inc-management-sets-tone-for-earnings-season.aspx
I've been dot connecting the whole way and chose to believe that my significant DD will prove correct for me. Good Luck
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