News Analysis
As GE Aerospace signals a return to its roots in manufacturing, company revenues rose across all business segments. The company’s stock rose more than 6 percent on April 22 on better-than-expected first-quarter results.
On April 22, the Ohio-based aircraft supplier reported total orders of $12.3 billion—up 12 percent from a year earlier. Total revenue came in at $9.9 billion, an increase of 11 percent and above the consensus estimate of $9.73 billion, according to FactSet.
Orders were strong for both equipment and services. At Commercial Engines & Services (CES), the company secured a significant engine commitment from Japanese airline All Nippon Airways for more than 75 LEAP (Leading Edge Aviation Propulsion) engines to power its fleet of 13 Airbus A321neo and up to 22 Boeing 737 MAX aircraft….