What Happened
Aerospace Giant Sees Revenue Growth and Margin Expansion
GE Aerospace has reported strong Q2 2024 earnings, with revenue growth of 12% year-over-year to $9.0 billion and operating profit increasing 20% year-over-year to $1.7 billion. The company’s commercial engine services business drove the growth, with a 15% increase in services revenue. GE Aerospace also raised its full-year 2024 guidance for revenue and profit, citing continued strong demand for commercial engine services and defense programs. This was reported by ad-hoc-news.de.