Persistent supply chain issues with raw materials, forgings, and castings are to blame for the lower production of CFM LEAP engines this year. Instead of delivering 50 percent more LEAPs or 1.700 in total, the GE Aerospace and Safran joint venture will only deliver 40-45 percent more engines. For 2024, CFM is still targeting around 2.000 deliveries.
Safran Group CEO Olivier Andries provided a little more color on the supply chain issues during Friday’s Safran Q3 earnings call. On Tuesday, GE Aerospace provided lower guidance for LEAP deliveries and projections for 2024, when LEAP deliveries should be up by 20-25 percent over 2023 levels. “Of course, we will manage very carefully the supply chain in the coming months and come back at the beginning of 2024 to give you guidance for the 2024 LEAP deliveries,” Andries said.
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