GE Aerospace: Strong Market Position and Growth Potential Justify Buy RatingWe project GE’s adjusted EPS to surge at a 20-30% CAGR over the next two years, driven by strong demand for lucrative mature engine work, and the growth and maturation of new-gen platforms as the global fleet transitions to the LEAP and GE9x. While rising OE volumes and GE9x engines will likely present a margin headwind over the next two years, we expect growth in its installed base, better pricing and productivity gains to drive margin expansion over the longer-term.