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CIT Group LEAP-1B engine order valued at $760 M

CIT Group today announced an order for 30  Boeing 737 MAX 8 airplanes powered by CFM International’s advanced LEAP-1B engine.  The engine order is valued at $760 million U.S. at list price.

To date, CFM has received orders for nearly 3,000 LEAP-1B engine at a value of more than $35 billion U.S. at list price.

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Development of the LEAP-1B engine is progressing on schedule, with CFM finalizing detailed engine design drawings for release within the next few months.   Parts manufacturing for the LEAP-1B engine will then accelerate through year end, leading to build-up of the first engine in early 2014.  The LEAP-1B is on schedule for CFM flight testing in 2015 and engine certification in 2016.  The 737 MAX is scheduled to enter service in 2017.

The LEAP-1B engine is the result of an exhaustive six-year collaboration effort with Boeing.  The entire turbomachinery and installation are customized to meet the unique requirements of the 737 MAX.   This program continues a 32-year relationship between CFM and Boeing; CFM engines have been the sole powerplant for all 737 aircraft sold since 1981.

Source : CFM International

Published on ASDNews: Jun 20, 2013


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