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| GE Aerospace |
GE Aerospace anticipates higher MRO demand, revising its 2025 outlook upwards. This reflects increased shop visits and service segment growth.
MRO Services See Increased Demand
GE Aerospace now projects "low double digits to mid teens" growth for its MRO services. This surpasses its December forecast of just "low double digits." Specifically, the company expects shop visit volume to rise by high single digits. This increase comes amid delays in new aircraft deliveries from Boeing and Airbus. Consequently, airlines must maintain older fleets, boosting demand for engines like the CFM56 and GE90. Furthermore, GE Aerospace notes improvements in work scope and pricing for its services.
Supply Chain Improvements and Engine Deliveries
Moreover, GE Aerospace reaffirms LEAP engine delivery growth of 15-20pc. This forecast, provided by partner Safran, follows CFM International's shipment of 1,407 units in 2024. Significantly, GE Aerospace has focused on alleviating supply chain bottlenecks. Priority suppliers now ship over 90pc of committed material volumes. This marks a substantial increase from 50pc earlier in 2024. Additionally, fourth-quarter LEAP deliveries reached 378 units, while total commercial engine shipments totaled 519. Overall, GE Aerospace's full-year profit reached $7.6bn, with revenues climbing to $38.7bn.
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