Aerospace Industrial Development Corp. (AIDC), the No. 1 aircraft maker in Taiwan, has signed a cooperation contract, valid from 2016 through 2020, with U.S.-based General Electric Co. to manufacture spare parts for GE's fuel-efficient LEAP aircraft engines, a spokesman for AIDC said on Thursday.
The two companies have also inked a contract, valid from 2017 through 2022, to manufacture the new LEAP engines and spare parts for the GE LM9000 aero-derivative industrial gas turbine.
The LEAP engine is produced by CFM International, the world's leading supplier of jet engines for commercial airplanes and a 50-50 joint venture company between GE and Safran Aircraft Engines (formerly known as Snecma) of France.
The contracts were signed by company Vice President Paul Ho (???) during a recent visit to the United States, the spokesman said.
GE, the world's largest manufacturer of passenger jet engines, began contracting AIDC to produce aircraft engine parts in 1997. The companies also recently collaborated on the development of new generation spare engine parts, according to the spokesman.
The AIDC spokesman declined to disclose the total value of the two deals based on the terms of a confidentiality agreement, but said the contracts are expected to create business opportunities for the local electronics supply chain.
Source: Focus Taiwan News Channel