What Happened
Commercial Engines Drive Growth As Backlog Exceeds $170 Billion
General Electric has raised its full-year guidance across revenue, profit, and free cash flow, driven by a 49% increase in commercial engine orders in the third quarter. The company’s total order backlog exceeded $170 billion, with LEAP engine deliveries growing 26% year to date. General Electric’s operational efficiency gains and strategic acquisitions are expected to drive further growth and profitability. This development was reported by The Globe and Mail.