Keep pulling the thread on Larry Culp.
GE Aerospace's spare parts orders increased by 30% in the first quarter of 2024.
GE Aerospace's year-over-year growth rate for spare parts orders has accelerated to 40% since the first quarter of 2024.
GE Aerospace projects its services business will achieve a mid-teens growth rate in 2026.
GE Aerospace increased its LEAP engine deliveries by over 60% in the first quarter of 2024.
GE Aerospace's services revenues grew by over 30% in the first quarter of 2024.
GE Aerospace currently has an order backlog valued at $170 billion.
GE Aerospace anticipates that the next generation of narrowbody aircraft will be introduced approximately 10 to 15 years from now.
GE Aerospace believes its future open fan engine architecture will deliver a breakthrough in fuel efficiency and sustainability while also improving reliability.
GE Aerospace has experienced a continuation of the business strength it saw in the first quarter of 2024.
GE Aerospace is experiencing a rate of engine removals for maintenance that is outpacing its current capacity to complete the necessary shop visits.
Larry Culp, CEO of GE Aerospace, stated he was surprised that geopolitical conflicts had not yet caused a change in airline purchasing and maintenance behavior.
GE Aerospace has an order backlog for its narrowbody and widebody engines that extends well into the 2030s.