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CFM is the world's largest commercial aircraft engine manufacturer, with a 39% market share as of 2020. [1] It has delivered more than 37,500 of its engines to more than 570 operators. The name CFM is derived from the two parent companies' commercial engine designations: GE's CF series and Snecma's M series.
In terms of volume, the most impactful commercial aero engine produced by Safran Aircraft Engines is the CFM International CFM56 turbofan powerplant. This engine is both developed and manufactured via a 50-50 joint venture company, CFM International, which Safran jointly owns with the American industrial conglomerate General Electric (GE).
Research into the next generation of commercial jet engines, high-bypass ratio turbofans in the "10-ton" (20,000 lbf; 89 kN) thrust class, began in the late 1960s. Snecma (now Safran), who had mostly built military engines previously, was the first company to seek entrance into the market by searching for a partner with commercial experience to design and build an engine in this class.
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CFM was to produce 1,200 engines in 2018, 1,900 in 2019, and 2,100 in 2020. [34] This is compared to the 1,700 CFM56 produced in 2016. [35] To cope with the demand, CFM is duplicating supply sources on 80% of parts and even subdivide assembly sites, already shared between GE and Safran. [36]
The FDIC is an independent government agency charged with maintaining stability and public confidence in the U.S. financial system and providing insurance on consumer deposit accounts.
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