With the export issue settled, GE and Snecma finalized the agreement that formed CFM International (CFMI), a 50–50 joint company that would be responsible for producing and marketing the 10-ton engine, the CFM56. The venture was officially founded in 1974. The two primary roles for CFMI were to manage the program between GE and Snecma, and to market, sell and service the engine at a single point of contact for the customer. CFMI was made responsible for the day-to-day decision making for the project, while major decisions (developing a new variant, for example) required the go-ahead from GE and Snecma management.