GE Aerospace has posted its first full-year results as an independently listed business.
The US engine maker has shared details of remarkable growth across the board. Many key financial indicators were up by double digits in 2024: total orders by 32% to $50.3 billion; GAAP revenue by 9% to $38.7 billion; and profit grew by 27% to $7.6 billion. Profit margins stood at 19.7%.
Growth was particularly strong in the Commercial Engines & Services division, which saw orders increase by 38% and profits by 25%, while the Defense and Propulsion Technologies business was up 10%, with profit increasing 17%.
