India's largest airline picks GE-Safran engines for 310 new Airbus planes

  • General Electric 's (NYSE:GE) jet engine venture with Safran (OTCPK:SAFRY) has won an order from IndiGo to supply LEAP-1A engines to power its fleet of 310 new Airbus (OTCPK:EADSY) A320 family aircraft, in the CFM International joint venture's biggest single order by the number of units.
  • The agreement includes 620 new installed engines and associated spare engines, as well as a long-term multi-year service agreement.
  • Including the 2019 agreement for engines to power 280 A320neo aircraft, IndiGo says the new deal secures the LEAP-1A engine and long-term service agreements for a total of 590 IndiGo A320 family aircraft.

    Over the current book year the company from Boston could achieve a revenue around 77.15 billion USD (consensus estimates). This is slightly lower than 2020's revenue of 79.62 billion USD.

    Historical revenues and results General Electric plus estimates 2020


    The analysts expect for 2021 a net profit of 2.33 billion USD. The majority of the analysts expects for this year a profit per share of 26 cent. Based on this the price/earnings-ratio is a significant 50.69.

    Per share the analysts anticipate on a dividend of 4 cents per share. The dividend yield is then 0.3 percent. The average dividend yield of the diversified companies equals an attractive2.07 percent.

    General Electric 's market capitalization is based on the number of outstanding shares around 115.17 billion USD. The General Electric stock was the past 12 months quite unstable. Since last May the stock is even 107 percent higher. This year the stock price moved between 6 and 14 dollar.

    Historical stock prices General Electric

    financial analysis generalelectric

    On Monday the stock closed at 13.18 USD. Nieuwsdienst: +31 084-0032-842

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