Strong Start to Fiscal Year 2025
GE Aerospace delivered strong first-quarter results with orders up 12% and revenue growing 11%. Profit increased by 38% to $2.1 billion, leading to margins of 23.8%.
Commercial Engines & Services Growth
Services strength continued with orders up 31% and revenue up 17%, driving total operating profit growth of 35% year-over-year.
Defense & Propulsion Technologies Performance
Defense units grew 5% and profit increased by 16%, showing solid performance in the Defense & Propulsion Technologies segment.
Increased Investment in U.S. Manufacturing
GE Aerospace is investing $1 billion in U.S. manufacturing this year and hiring over 5,000 U.S. workers.
Robust Backlog and R&D Investment
The company is executing a $170 billion-plus backlog and investing approximately $3 billion in annual R&D spending.