EVENDALE, OHIO -- UPS has signed a 10-year OnPointSM solutions agreement with GE Aviation for the maintenance, repair and overhaul of 142 CF6-80C2 engines that power its MD-11, Boeing 747-400, and 767-300 aircraft. The agreement is valued at approximately $1 billion (USD) over the 10-year period and extends an existing 15-year service agreement.
"UPS is pleased to continue this partnership with GE Aviation as we work to meet the on-time delivery needs of our global customers," said Bob Lekites, President, UPS Airlines.
"GE Aviation and UPS have enjoyed a strong relationship over the years with UPS launching the CF6-80C2-powered Boeing 767-300ER freighter more than 15 years ago," said Kevin McAllister, vice president and general manager of Sales for GE Aviation. "The renewal of the OnPoint Solution will ensure UPS continues to receive the high-quality material and maintenance services that an OEM can provide."
OnPoint solutions are customized service agreements tailored to the operational and financial needs of each customer for any size fleet. These agreements are designed to help lower the customers' cost of ownership and maximize the use of their assets. Backed by GE's global support network, OnPoint services may include overhaul, on wing support, new and used-serviceable parts, component repair, technology upgrades, engine leasing, integrated systems support and diagnostics and integrated systems.
UPS (NYSE:UPS) is the world's largest package delivery company and a global leader in supply chain and freight services. With more than a century of experience in transportation and logistics, UPS is a leading global trade expert equipped with a broad portfolio of solutions. Headquartered in Atlanta, Ga., UPS serves more than 200 countries and territories worldwide. The company can be found on the Web at www.UPS.com.
GE Aviation, an operating unit of GE (NYSE: GE), is a world-leading provider of jet and turboprop engines, components and integrated systems for commercial, military, business and general aviation aircraft. GE Aviation has a global service network to support these offerings.