Airbus, Boeing Face Lower Leap Engine Deliveries -- Market Talk

Dow Jones2023-10-24

0807 ET - General Electric trims its target for increasing deliveries of the Leap engines used on Airbus and Boeing jets, citing its own supply chain issues rather than any slowed plans by the plane makers. GE, which makes the Leap in partnership with Safran, expects deliveries this year to be up 40% to 45% from 2022, down from prior guidance of 50%. GE shares up more than 5% in pre-open trade, off earlier highs, and Safran shares also dipped from session high. (doug.cameron@wsj.com)

(END) Dow Jones Newswires

October 24, 2023 08:07 ET (12:07 GMT)

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ming001
2023-10-24
ming001
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