GE aviation unit sees $15 bln in Farnborough deals

Australian dollars in Sydney, Friday, Jan. 15, 2016. (AAP Image/Joel Carrett) NO ARCHIVING

FARNBOROUGH, England–The boss of General Electric Co.’s GE, -0.71% aviation arm, David Joyce, on Monday said he expects to book more than $15 billion in deals at the Farnborough Air Show taking place this week outside London.

The deals will represent a mix of orders and commitments that will need to be firmed up later, he told reporters.

GE will deliver more than 1,100 CFM International Leap engines along with joint-venture partner Safran SA (SAF.FR), he said, confirming guidance. Deliveries will grow to about 1,900 engines next year and 2,300 Leap engines in 2020.

Mr. Joyce said that by 2025, the company could double its military engine sales from $4 billion currently.

Write to Robert Wall at [email protected]

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