Material shortages and other supply chain problems held back GE Aerospace's engine production last year, with the company delivering 10% fewer CFM International Leap turbofans than it did in 2023.
GE Aerospace appears well on its way to accomplishing a goal it set during its launch as a standalone company last year.
Shares of GE Aerospace were soaring toward levels not seen in nearly two decades after the maker of engines used by airlines and the military provided an upbeat earnings outlook for 2025 and said it ...
GE Aerospace exceeded expectations in Q4 2024, showcasing strong financial performance and strategic growth initiatives.
Stripping out certain one-time items, earnings came in at $1.32 a share. Analysts polled by FactSet expected $1.04 a share. Revenue rose to $10.81 billion from $9.46 billion, ahead of the average ...
Engine, services and defense revenues all climbed. GE Aero also is hiking its dividend and set a stock buyback.
Shares of GE Aerospace surged toward an 18-year high early Thursday after fourth-quarter profit and revenue beat expectations by healthy margins, fueled by strength in the commercial engines business.