(1888PressRelease)
August 19, 2008 - This agreement underlines the commitment from GE and ST Aerospace to seek opportunities to cooperate and complement each other’s core competencies to offer cost effective and enhanced solutions to customers of GE and ST Aerospace.
The areas of cooperation broadly include:
(a) ENGINE MAINTENANCE, REPAIR AND OVERHAUL (MRO) and on-wing support – GE will provide technical assistance and OEM support to ST Aerospace to develop efficient and cost effective support for GE engines operators.
(b) ENGINE MATERIAL SERVICES – Expanding on a current GE service offering, CFM International will provide comprehensive material solutions to support and enhance ST Aerospace’s ENGINE MRO operations. CFM International is a 50/50 joint company between General Electric Company and Snecma (SAFRAN Group).
(c) AIRCRAFT TOTAL SUPPORT SOLUTIONS – both parties will leverage on GE’s OEM technology and ST Aerospace’s TOTAL AVIATION SUPPORT network to offer innovative and integrated solutions beyond engine MRO for global customers.
(d) Engine parts and accessories repairs – GE will facilitate ST Aerospace’s parts repair capabilities development, and work together for synergies within each other’s line replaceable unit (LRU) capabilities. GE and ST Aerospace have also signed a 10-year component repair license agreement covering CFM56-3, CFM56-5B and CFM56-7B engines. Through these agreements, GE will grant ST Aerospace access to OEM data and technical information, as well as technical assistance to enhance and qualify the repair process in ST Aerospace’s parts repair development efforts.
“This agreement will enable ST Aerospace to expand its global business and provide its customers with high quality OEM materials and technology,” said Al Tarkenton, General Manager for Global Material Programs at GE Aviation.
“For GE, this agreement with a highly reputable AIRCRAFT MRO provider like ST Aerospace will enhance our service offerings and offer our customers additional MRO options to meet their needs.”
“We are pleased to further enhance our relationship with GE across a broad range of engine businesses to fulfill both our companies’ long-term strategic goals,” said Tay Kok Khiang, President of ST Aerospace.
“ST Aerospace believes these agreements with OEMs expand our technical capabilities and enhance our service offerings to our customers. This latest agreement with GE reinforces ST Aerospace’s commitment in developing solutions based on GE’s original design and parts, which we believe offer the best assurance of quality and value to our customers.”
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