	ge ge profit outlook aided by engine order one of general electric co s biggest businesses aircraft engines will ride a wave of increasing profits into because of a new contract worth mln dlrs wall street analysts said previously it was expected the business would peak and decline at some point in the next five years the improved outlook results from amr corp s amr decision to order new planes powered by cf c ge engines creative financial footwork helped ge get the order said nicholas heymann analyst at drexel burnham lambert inc amr declined to go into detail on financing arrangements for its order of boeing co ba and airbus industrie twinjet long distance aircraft but amr said it was using rent a plane leases that allow it to operate the aircraft without adding to its debt structure amr also has the right to decline delivery of the planes or return them on short notice the arrangement protects amr in the case of an unexpected development such as a severe downturn in the economy from ge s point of view the package looks like a good deal for several reasons heymann said ge will be able to record revenue as a sale at the time of delivery heymann noted and if for some reason amr decides not to take the planes ge s financial arm general electric financial services inc would have little trouble rounding up another airline that wanted the fuel efficient planes on the whole the deal appears to pose little risk for ge heymann said ge s stock declined to on shares by midafternoon h p smith analyst at smith barney harris upham and co said for a billion dlr revenue company no one order will have much of an effect on the stock russell leavitt analyst at salomon brothers inc said the order will help to maintain a good level of production and profitability in the aircraft engine business for ge heymann sees operating profits from ge s jet engine business rising from mln dlrs last year to billion dlrs by revenue from jet engines was close to six billion dlrs last year with well over half of the business in the military sector according to analysts estimates the rosy outlook for ge s jet engine business coincides with an upbeat performance in other segments heymann expects ge to  dlrs per share in the first quarter of saying many will be suprised by the results he believes ge has shown through its acquisition of rca corp that it has a unique ability to buy a major business and reshape it pruning some parts and recombining parts with other elements of its business areas smith sees ge ing dlrs per share in the current quarter he credits good results at rca in turn aided by the nbc broadcasting operation and lower interest rates leavitt sees dlrs for the current quarter in part crediting significant benefits from the rca acquisition reuter 
