GE Aerospace CEO Culp Says We're Ramping Not Only To Support New Leap Engine Deliveries, But Also Aftermarket Demand; We Have A Lot Of Work To Do To Keep Pace With Airbus' 75 Jets A Month Production Plan; Expect Certification Of Upgraded High-pressure Turbine Blades Of LEAP-1A Engines 'In A Matter Of Weeks'; Ramp Rate Of 777x Engine Will Be A Function Of What Boeing Needs And Wants
Portfolio Pulse from Benzinga Newsdesk
GE Aerospace is ramping up production to meet the demand for new Leap engine deliveries and aftermarket needs. The company is working to keep pace with Airbus' production plan of 75 jets per month and expects certification of upgraded turbine blades for LEAP-1A engines soon. The ramp rate for 777x engines will depend on Boeing's requirements.
October 22, 2024 | 3:34 pm
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GE Aerospace is increasing production to support new Leap engine deliveries and aftermarket demand, aligning with Airbus' production plan. Certification of upgraded LEAP-1A turbine blades is expected soon, which could enhance GE's market position.
GE Aerospace's efforts to ramp up production and align with Airbus' production plan indicate a proactive approach to capturing market demand. The expected certification of upgraded turbine blades could enhance product offerings, potentially boosting GE's market position and stock price.
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