Samsung Techwin signs MoU to supply airplane parts to GE
Published: 19 Jan. 2015, 21:02
Defense and precision machinery company Samsung Techwin said Monday that it has signed a deal with General Electric (GE) to provide airplane engine parts for the next 10 years.
Samsung Techwin, which will be sold to Hanwha Group later this year as part of a mega deal between Samsung and Hanwha, said it will supply 18 types of airplane engine parts to GE from 2016 to 2025. The deal is valued at around $430 million.
The parts will be used to manufacture the LEAP (Leading Edge Aviation Propulsion) engine that CFM International, a joint venture between GE and France’s Snecma, is aiming to release to the market by 2016.
Samsung Techwin, which will be sold to Hanwha Group later this year as part of a mega deal between Samsung and Hanwha, said it will supply 18 types of airplane engine parts to GE from 2016 to 2025. The deal is valued at around $430 million.
The parts will be used to manufacture the LEAP (Leading Edge Aviation Propulsion) engine that CFM International, a joint venture between GE and France’s Snecma, is aiming to release to the market by 2016.
with the Korea JoongAng Daily
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