GE Aerospace CEO says Q1 was ‘strong,’ orders grew 87%

GE Aerospace (GE) Chairman and CEO H. Lawrence Culp, Jr., said, “GE Aerospace had a strong first quarter with orders growing 87% and revenue up 29% supporting double-digit growth in earnings and free cash flow. FLIGHT DECK keeps us focused on what our customers value: driving improvements in output and durability, while reducing cost of ownership and applying today’s learnings to next-generation technologies.” Culp continued, “Our young and diverse fleet coupled with a $170B commercial services backlog positions us well to navigate the current operating environment. With the dynamic geopolitical landscape, we’re holding our full-year guidance across the board and are trending toward the high-end of the range given our strong start to the year.”