Sigma Labs Inc (SASI)

[GetRich1day]

https://www.bizjournals.com/seattle/news/2017/07/24/ge-aviation-misses-target-leap-engines-boeing-max.html

General Electric Aviation, the GE unit that makes the Leap engines powering Boeing's new 737 Max, says it had a good first half on the engine production front.

GE said it delivered 93 Leap engines in the second quarter, below its forecast of 100 but up from 81 in the first quarter.

The first 737 Max 9, with fuel-saving blended winglets, took to the skies on its first-ever flight a during a morning journey from Boeing's huge Renton complex.

The first 737 Max 9, with fuel-saving blended winglets, took to the skies on its… more

That brings first-half Leap production to 174 for the first six months of the year.

The aviation giant said it remains on track to produce the 450 to 500 engines it wants to crank out this year.

CFM, a partnership of GE Aviation and French company Safran, makes the new Leap engines, which are quieter and more fuel efficient than those on older jets. The joint venture makes the Leap 1B for Boeing (NYSE: BA) and the Leap 1A for its rival Airbus, and is closely watched by the aerospace industry.

ANALYSIS: GE engine spin-up hints at Boeing 737 rate increase

Sam Pearlstein, the lead aerospace analyst at Wells Fargo, said the latest engine numbers were "a little short of expectations," calling that a clear negative.

"To achieve the low end of 2017’s targeted 450-500 Leap deliveries, Q3 and Q4 shipments each would need to rise 30 percent sequentially," Pearlstein said in a note to clients, without further comment on the shortfall.