{"id":47146,"date":"2025-01-25T19:40:56","date_gmt":"2025-01-25T19:40:56","guid":{"rendered":"https:\/\/peraltafinancing.com\/aerospace\/ge-aerospace-posts-first-results-as-independent-business\/"},"modified":"2025-01-25T19:40:56","modified_gmt":"2025-01-25T19:40:56","slug":"ge-aerospace-posts-first-results-as-independent-business","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=47146","title":{"rendered":"GE Aerospace posts first results as independent business"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p>GE Aerospace has posted its first full-year results as an independently listed business.\u00a0<\/p>\n<p>The US engine maker has shared details of remarkable growth across the board. Many key financial indicators were up by double digits in 2024: total orders by 32% to $50.3 billion; GAAP revenue by 9% to $38.7 billion; and profit grew by 27% to $7.6 billion. Profit margins stood at 19.7%.\u00a0<\/p>\n<p>Growth was particularly strong in the Commercial Engines &amp; Services division, which saw orders increase by 38% and profits by 25%, while the Defense and Propulsion Technologies business was up 10%, with profit increasing 17%.\u00a0<\/p>\n<aside class=\"article-leaderboard bn-1\"\/>\n<p>2024 was the first year GE Aerospace has posted results as an independent business, following the break-up of the GE conglomerate.\u00a0<\/p>\n<p>GE Aerospace <a href=\"https:\/\/www.aerotime.aero\/articles\/ge-aerospace-becomes-independent-public-company-after-split-from-ge-vernova\" rel=\"follow\" title=\"\" data-wpel-link=\"internal\">was listed in the New York Stock Market (using the symbol \u2018GE\u2019) in April 2024 <\/a>after it was spun-off by GE Vernova, which includes the energy-related businesses of the former GE conglomerate.\u00a0<\/p>\n<p>Performance was particularly strong during Q4 2024, with orders going up 46% and operating profit up to 49% to $2 billion.\u00a0<\/p>\n<aside class=\"article-leaderboard bn-2\"\/>\n<p>The firm\u2019s management attributes these positive results in great part to \u2018FLIGHT DECK\u2019,\u00a0a proprietary lean operating model GE Aerospace uses to streamline its operations and supply chain.\u00a0<\/p>\n<p>On the technology side, GE Aerospace reached a number of milestones in 2024: the FAA and EASA certified an upgraded LEAP 1-A high-pressure turbine (HPT) durability kit; it announced plans to work on an Open Fan engine design together with Boeing, NASA, and Oak Ridge National Laboratory; and it successfully demonstrated a one megawatt\u00a0hybrid electric propulsion system with the U.S. Army.<\/p>\n<\/p><\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>GE Aerospace has posted its first full-year results as an independently listed business.\u00a0 The US engine maker has shared details of remarkable growth across the board. Many key financial indicators were up by double digits in 2024: total orders by 32% to $50.3 billion; GAAP revenue by 9% to $38.7 billion; and profit grew by [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":47147,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12024],"tags":[13497,907,15175,4883,4955],"dealstore":[],"offerexpiration":[],"class_list":["post-47146","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-aerospace","tag-aerospace","tag-business","tag-independent","tag-posts","tag-results"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>GE Aerospace posts first results as independent business - Som2ny Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fivemor.com\/?p=47146\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GE Aerospace posts first results as independent business - Som2ny Network\" \/>\n<meta property=\"og:description\" content=\"GE Aerospace has posted its first full-year results as an independently listed business.\u00a0 The US engine maker has shared details of remarkable growth across the board. 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