GE Aerospace has projected continued financial growth during 2025, the company said in an investor update on December 9, 2024.
The American engine provider stated that its commercial engines services (CES) revenue is expected to rise by low double-digits next year, driven by a significant backlog of shop visits, mature fleets flying longer, and favourable pricing trends.
The company's spare parts sales are anticipated to align with overall growth in services. Original equipment (OE) production, including LEAP engine output, is forecast to increase by 15-20%, supported by Safran's recent projections.
GE said that its LEAP program will breakeven next year and will no longer be a headwind to its margins.
“We continue to work through our expectations for GE9X, but we expect shipments to grow,” the company added in its update.
The company maintained its previous full year 2024 guidance of high single digit revenue growth, along with $6.7-6.9bn of operating profit, and $5.6-5.8bn of free cash flow.