General Aerospace sees FY24 adjusted revenue growth low double digits or more

Sees FY24 operating profit $6B-$6.5B; free cash flow greater than $5B. GE Chairman and CEO and GE Aerospace CEO H. Lawrence Culp, Jr. said, “GE Aerospace is ready to launch as a standalone company on April 2. As a global leader in propulsion, services, and systems, we are delivering exceptional value for our customers with unrivaled technology and service, and the highest levels of operational reliability. With FLIGHT DECK, our proprietary lean operating model, as the foundation, we will define flight for today, tomorrow, and the future.” Culp continued, “Looking ahead, our financial outlook demonstrates confidence in our future, with a robust market and demand for our products and services underpinning continued growth across revenue, operating profit and cash generation. Our strong balance sheet positions us to invest in growth and innovation, while also returning approximately 70-75% of available funds through our dividend and share buy-backs. I’m excited about GE Aerospace’s future and our plans to deliver for customers and maximize shareholder returns.” GE Aerospace is ready to trade publicly as an independent company on April 2, 2024 on the NYSE under the ticker “GE”.