What Happened
Engine Maker Sees Strong Demand Amid Supply Chain Constraints
GE Aerospace is experiencing strong demand for its engines, with a record backlog of orders. The company’s services business is also providing steady revenue, driven by the need for maintenance and repair of existing engines. However, supply chain constraints are limiting the company’s ability to produce engines quickly enough to meet demand. As reported by Kalkine Media, GE Aerospace’s performance is being closely watched as a indicator of the health of the aerospace industry.