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ACTS signs long-term material and repair agreements with GE and CFM

Jan. 9, 2008, Montreal and Evendale, OH - ACTS today announced the signing of a ten-year OnPoint solutions agreement with GE and a landmark ten-year materials agreement with CFM International.


January 9, 2008
By Carey Fredericks

Jan. 9, 2008, Montreal and Evendale, OH – ACTS today announced
the signing of a ten-year OnPoint solutions agreement with GE for material to
repair CF34 engines, and a landmark ten-year materials agreement with CFM
International (CFM) for the repair and overhaul of the CFM56-2, CFM56-3,
CFM56-5A, CFM56-5B and CFM56-5C engines. Worth an estimated US$2.5 billion,
both agreements cover all life limited and non-life limited parts, as well as
component repair and used materials for the GE and CFM engines that ACTS
repairs.
       
"ACTS has been servicing GE and CFM engines for over 20 years. These
agreements give ACTS enhanced access to OEM-produced parts and services at
industry-competitive pricing, and support efforts to produce industry-leading
turnaround times." said Chahram Bolouri, president and CEO of ACTS. "This is
one more way ACTS is improving its total offering to customers."
       
"This material agreement will enable ACTS to offer high-quality OEM parts
and repairs to its CF34 MRO customers," said Brad Mottier, vice president and
general manager of Services for GE Aviation. "We are very excited to work with
ACTS and look forward to growing this relationship."
       
GE's OnPoint solutions are flexible, long-term commitments designed to
meet customers' unique engine services needs. Backed by GE's world-class
support, these solutions help lower customer cost-of-ownership and maximize
the use of their assets. Available OnPoint services include overhaul, on-wing
support, new and used serviceable parts, component repair, technology
upgrades, engine leasing and diagnostics.
       
"We are delighted that an MRO organization of the stature of ACTS has
chosen to bring the benefits of genuine CFM parts to its operations and to its
customers," said Eric Bachelet, president and CEO of CFM. "This is the largest
materials agreement we have signed to date and we look forward to forging a
strong bond and a great working relationship with ACTS over the next decade
and beyond."