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Monday, August 25, 2014

Safran's CFM unit scores $2 billion engine order, (NYSE: BA)

French aerospace group Safran said on Monday that BOC Aviation had placed an engine order worth an estimated $2 billion with CFM International, a joint-venture between Safran and General Electric. The order is for 100 LEAP-1B engines to power 50 new Boeing 737 MAX 8 aircraft, as well as 60 CFM56-7BE engines to power 30 additional Boeing Next-Generation 737s, the statement said.BOC Aviation, the Singapore-based leasing subsidiary of Bank of China, had announced earlier on Monday it had ordered 82 Boeing Co 737 series aircraft, worth $8.8 billion at list prices, for delivery from 2016 to 2021.

The Boeing Company (Boeing) is an aerospace company. Shares of BA traded higher by 0.46% or $0.59/share to $128.05. In the past year, the shares have traded as low as $102.57 and as high as $144.57. On average, 4197720 shares of BA exchange hands on a given day and today's volume is recorded at 230296.