GE Aerospace Hosts 2024 Investor Day

Today, GE Aerospace will host its 2024 Investor Day in New York, New York. The event begins at 8:00am EST and can be viewed virtually here. GE Chairman and CEO and GE Aerospace CEO H. Lawrence Culp, Jr. will be joined by members of the leadership team to discuss the strategic priorities and near- and longer-term outlook for GE Aerospace in advance of launching as an independent public company on April 2, 2024.

GE Chairman and CEO and GE Aerospace CEO H. Lawrence Culp, Jr. said, “GE Aerospace is ready to launch as a standalone company on April 2. As a global leader in propulsion, services, and systems, we are delivering exceptional value for our customers with unrivaled technology and service, and the highest levels of operational reliability. With FLIGHT DECK, our proprietary lean operating model, as the foundation, we will define flight for today, tomorrow, and the future.”

Culp continued, “Looking ahead, our financial outlook demonstrates confidence in our future, with a robust market and demand for our products and services underpinning continued growth across revenue, operating profit and cash generation. Our strong balance sheet positions us to invest in growth and innovation, while also returning approximately 70-75% of available funds through our dividend and share buy-backs. I’m excited about GE Aerospace’s future and our plans to deliver for customers and maximize shareholder returns.”

During the Investor Day, GE Aerospace’s leadership team will discuss how as a standalone company, the team is well-positioned to create significant value through its:

• Large, growing installed base and differentiated technology and customer service;
• Balanced commercial portfolio in narrowbody and widebody with an extensive services network, delivering the most complete value proposition with safety, efficiency, and reliability; and
• Position as the rotorcraft and combat engine provider of choice, investing in next generation technology for U.S. and international programs.

Financial Outlook

GE Aerospace reaffirmed its 2024 financial guidance and 2025 outlook, and initiated its 2028 outlook:

Financial metric	2024 guidance	2025 outlook	2028 outlook
Adjusted revenue*	Grow low-double-digits or more	Grow low-double-digits	High-single-digit CAGR ‘25-‘28