Safran delivers over 400 CFM56s in first quarter

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Safran’s aerospace propulsion division delivered 402 CFM International CFM56 engines in the first quarter of 2014, a rise of 3%.

The division secured firm orders and commitments for 1,163 CFM56 and Leap powerplants over the three-month period.

Its revenues reached €1.8 billion ($2.3 billion), up by 2.2%, primarily driven by growth in civil original equipment and “positive aftermarket momentum”, says the company.

Civil aftermarket revenues rose by 12.4% owing to first overhauls of recent CFM56s and General Electric GE90s.

Safran’s order and commitment backlog for the Leap engine – for the Boeing 737 Max, Airbus A320neo and Comac C919 – stood at nearly 6,400.

For the first quarter the company’s aircraft equipment revenues increased by 11% to just over €1 billion.

Safran attributes this to the Boeing 787 programme – for which it provides landing-gear and wiring – as well as increased deliveries of thrust reversers for the Airbus A320 and A330.

It expects a “healthy” increase in aerospace original equipment deliveries over the full year and a civil aftermarket increase in the “low to mid-teens”.