GE Aerospace (NYSE:GE) and the Polish Ministry of National Defense finalized an offset agreement for the anticipated purchase of 96 Boeing Company (NYSE:BA) AH-64E Apache Guardian helicopters, which will use GE's T700 engines.
The offset agreement with WZL-1 and WAT will generate high-value jobs in Poland and provide advanced engine MRO technology, training, and support, enhancing Poland's defense industry and Apache fleet maintenance.
Under the agreement, WZL-1 will handle licensed MRO support for T700/CT7 engines on Apache, S-70i Black Hawk, and Leonardo AW149 and AW101 helicopters.
WAT will oversee training for Polish technicians, military personnel, and WZL-1 employees to support these helicopters and train future engineering staff for the Polish Armed Forces.
These partnerships will provide the Polish Ministry of National Defense with a complete engine depot and domestic training capabilities, ensuring supply security for T700/CT7-powered platforms.
The T700/CT7 family of turboshaft and turboprop engines currently powers 15 helicopter and fixed-wing aircraft types, serving over 130 customers across more than 50 countries.
To date, over 25,000 T700/CT7 engines have been delivered, accumulating more than 130 million flight hours.
Rita Flaherty, vice president, Global Sales & Business Development at GE Aerospace, said, "These collaborations with WZL-1 and WAT will be the key to ensuring Poland has the right capabilities and resources to support Poland's growing fleet of GE Aerospace's T700/CT7 engines."
"WZL-1 has significant expertise in engine MRO services and WAT is known for its sophisticated military training and producing well qualified technicians who will work on these engines for decades to come."
"Both partners perfectly complement the Polish Armed Forces' requirement for in-country capabilities, and GE Aerospace looks forward to working with these Polish companies as they support the T700/CT7 family of engines."
Last month, GE revealed that EVA Air, following its recent order for four Boeing 787-10 Dreamliners, has also ordered GEnx engines for their new aircraft.
Investors can gain exposure to the stock via IShares U.S. Aerospace & Defense ETF (BATS:ITA) and TCW Transform Systems ETF (NYSE:NETZ).
Also Read: GE Aerospace Q2 Earnings: EPS Beat, Order Growth, Hikes Annual Profit And Cash Flow Outlook
Price Action: GE shares are down 0.69% at $159.17 at the last check Monday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
通用电气航空(纽交所:GE)与波兰国防部敲定了一项抵消协议,用于购买96架波音公司(纽交所:BA)AH-64E阿帕奇卫士直升机,将使用GE的T700发动机。
与WZL-1和WAt的抵消协议将在波兰创造高附加值的就业机会,并提供先进的发动机MRO技术、培训和支持,增强波兰的国防工业和阿帕奇机队维护。
根据协议,WZL-1将负责Apache、S-70i黑鹰和AW149、AW101直升机上T700/CT7发动机的授权MRO支持。
WAt将负责为波兰技术人员、军事人员和WZL-1员工提供培训,以支持这些直升机,并培训未来的波兰武装部队工程人员。
这些合作伙伴将为波兰国防部提供完整的发动机库存和国内培训能力,确保T700/CT7动力平台的供应安全。
T700/CT7涡轴式和涡轮螺旋桨发动机系列目前为15种直升机和固定翼飞机提供动力,服务于来自50多个国家的130多个客户。
截至目前,已交付超过25,000台T700/CT7发动机,累计飞行时间超过13000万小时。
GE航空公司全球销售和业务拓展副总裁丽塔·弗莱厄蒂表示:“与WZL-1和WAt的这些合作是确保波兰具备支持GE航空公司T700/CT7发动机不断增长的机队所需的正确能力和资源的关键。”
“WZL-1在发动机MRO服务方面拥有丰富的专业知识,而WAt以其复杂的军事培训和培养高素质的技术人员而著称,这些技术人员未来几十年将会在这些发动机上工作。”
“两家合作伙伴完美地满足了波兰武装部队的本地能力要求,GE航空公司期待着与这些波兰公司合作,支持T700/CT7发动机系列。”
上个月,GE披露,EVA航空公司在最近订购了四架波音787-10梦幻客机之后,还为其新飞机订购了GEnx发动机。
投资者可以通过iShares美国航空航天和国防ETF(BATS:ITA)和TCW Transform Systems ETF(NYSE:NETZ)获得该股的暴露。
此外阅读:GE航空公司Q2收益:每股收益超过预期,订单增长,提高年度利润和现金流预期
价格行动:截至上周一最后一次查询,GE股票下跌0.69%,报价159.17美元。
免责声明:本内容部分使用人工智能工具生成,并经Benzinga编辑审核发布。