CFM International (CFM) had a record year in 2011, logging orders for 1,500 commercial, military and spare CFM56 engines and commitments for 3,056 LEAP engines for a combined value of $51.7bn at list price. CFM International, a 50/50 joint company of Snecma (Safran group) and GE, produces the highly popular CFM56 engine family. CFM is developing a new engine family, under the brand name LEAP, which will enter service in 2016.
CFM is also achieving record production rates for the CFM56 product line. The company has built more than 1,000 engines per year since 2006, and the rate has grown steadily. In 2011, CFM delivered more than 1,300 engines, the highest rate in the industry, compared to 1,250 engines built in 2010. Current plans are to reach more than 1,600 engines per year by 2014.