Home » Barnes Aerospace Enters Revenue Sharing Program with GE
Barnes Aerospace Enters Revenue Sharing Program with GE
January 3, 2008
Barnes Aerospace, a business segment of Barnes Group Inc., has entered into a new aftermarket Revenue Sharing Program Agreement with General Electric Company. Similar to Barnes Aerospace's other aftermarket RSPs that provide the exclusive right to supply designated aftermarket parts to GE for the life of the related engine program, this agreement relates to spare parts for the CFM56 and CF6 engine families.
Revenue Sharing Programs are excellent complements to our aftermarket maintenance, repair and overhaul operations and strengthen our portfolio across the stages of an engine's life cycle,"said Gregory F. Milzcik, President and Chief Executive Officer, Barnes Group Inc.
The CFM56 engine powers short-, medium- and long-range aircraft. Twelve different aircraft models are powered by the CFM56 including the Boeing 737 and the Airbus A320 families of aircraft. The CFM56 design uses a number of common parts within its engine family. CFM56 engines are produced by CFM International, a 50/50 joint venture between Snecma (SAFRAN Group) and General Electric Company.
GE's CF6 family of turbofan engines, which power wide-body aircraft produced by Boeing and Airbus, is the most popular family of high-bypass turbofan engines in the world. The CF6 is currently certified on multiple wide-body aircraft models including the Boeing 747, Boeing 767, DC-10, MD-11 and Airbus A300, A310 and A330 aircraft series.
Barnes Aerospace produces precision machined and fabricated components and assemblies for original equipment manufacturer (OEM) turbine, airframe and industrial gas turbine builders throughout the world. Barnes Aerospace also provides jet engine component overhaul and repair services for many of the world's commercial airlines and military applications.
Barnes Group Inc. is an international aerospace and industrial components manufacturer and full-service distribution company focused on achieving consistent, sustainable, and predictable results. Barnes Group consists of three businesses: Barnes Aerospace, Barnes Distribution and Barnes Industrial.