STOCK TITAN

GE Aerospace and AJW Group Sign Systems Services Agreement

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary

GE Aerospace has entered a three-year agreement with AJW Group to provide support for avionics and electrical power systems on B777, B737, and A320/30/40 aircraft. This collaboration aims to address the increasing demands from MRO customers and will be effective this year across Europe, the Middle East, and Africa (EMEA). GE's selection was based on their superior turnaround time and repair capability. Key systems included in the deal are Electrical Load Management Systems, Flight Management Systems, and Data Control Display Units. The service will be conducted at GE's facility in Cheltenham, UK.

Positive
  • Three-year agreement with AJW Group enhances revenue streams.
  • Contract driven by GE's strong turnaround time and repair capabilities.
  • Supports growing demands in MRO, potentially leading to increased market share.
Negative
  • None.

Deal based on turnaround time and repair capability

EVENDALE, Ohio--(BUSINESS WIRE)-- GE Aerospace has signed an agreement with AJW Group to support avionics and electrical power systems across the B777, B737 and A320/30/40 family of aircraft. The contract will start this year and will cover all AJW Group’s Europe, Middle East, and Africa (EMEA) customers that fly the B777, B737 and A320/30/40 family of aircraft.

“We are committed to supporting our MRO customers' growing demands,” said John Haigh, Electrical Power and Controls leader at Cheltenham for GE Aerospace. “As airlines continue to expand their fleets, we’ve taken aggressive actions to strengthen lead time, supply availability and delivery for our customers.”

GE Aerospace was selected for the three-year agreement based on turnaround time (TAT) and repair capability. GE Aerospace will service the systems at their repair and maintenance location in Cheltenham, United Kingdom.

Some of the systems included in the agreement are:

  • Electrical Load Management Systems
  • Flight Management Systems
  • Data Control Display Units

“We are pleased to be collaborating with GE Aerospace on avionics and electrical power systems for the B777, B737 and A320/30/40 family of aircraft,” said Barry Swift, Senior Vice President Operations at AJW Group. “The contract with GE Aerospace exemplifies AJW’s strategy and commitment to providing our customers in Europe, Middle East, and Africa (EMEA) with seamless supply chain management, the highest quality of component repairs and impressive turnaround times to meet the demands that operators need to maximise their operations.”

About AJW Group

AJW Group is the world-leading independent aircraft component parts, repair, and supply chain solutions provider, transforming efficiency in commercial, business, and defense aviation. AJW has a global presence with operational hubs and local offices across Africa, Asia Pacific, China, CIS, Europe, Latin America, Middle East, and North America. A key part of AJW Group is AJW Technique, a 220,000 sq. ft state-of-the-art Component MRO facility based in Montreal. www.ajw-group.com

About GE Aerospace

GE Aerospace is a world-leading provider of jet engines, components, avionics, and electrical power systems for commercial and military aircraft with a global service network to support these offerings. GE Aerospace and its joint ventures have an installed base of more than 40,000 commercial and 26,000 military aircraft engines, and the business is playing a vital role in shaping the future of flight.

Media contact:

Jennifer Villarreal

+1 616 617 7755

jennifer.villarreal3@ge.com

Source: GE Aerospace

FAQ

What agreement did GE Aerospace sign with AJW Group?

GE Aerospace signed a three-year agreement with AJW Group to support avionics and electrical power systems for B777, B737, and A320/30/40 aircraft.

When will the GE Aerospace and AJW Group contract start?

The contract between GE Aerospace and AJW Group will begin this year.

Which regions are covered by the GE Aerospace and AJW Group agreement?

The agreement will cover customers in Europe, the Middle East, and Africa (EMEA).

What key systems are included in the GE Aerospace agreement with AJW Group?

The systems included are Electrical Load Management Systems, Flight Management Systems, and Data Control Display Units.

Where will GE Aerospace service the systems for AJW Group?

GE Aerospace will service the systems at their facility located in Cheltenham, UK.

GE Aerospace

NYSE:GE

GE Rankings

GE Latest News

GE Stock Data

191.70B
1.08B
0.16%
80.36%
1.01%
Aerospace & Defense
Electronic & Other Electrical Equipment (no Computer Equip)
Link
United States of America
EVENDALE