Cincinnati: GE Aerospace announced financial results for the first quarter ending on March 31, 2026 on April 21, 2026. The Q1 showed strong performance with robust commercial services backlog growth.
GE Aerospace 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 $170 billion 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.”
The result highlights include:
- Increased material input from priority suppliers by double-digits sequentially, contributing to Commercial Engines & Services (CES) services revenue up 39%. Total engine deliveries increased 43% year-over-year.
- GE announced commercial wins for more than 650 engines, including agreements with American Airlines for more than 300 LEAP-1A engines, United Airlines for 300 GEnx engines, and Delta Airlines for 60 GEnx engines.
Additionally signed a long-term materials agreement with Ryanair to cover their entire fleet of ~2,000 CFM56 and LEAP engines.
- GE secured a contract for T408 engines to continue supporting the U.S. Marine Corps, and a contract with the US Air Force to design the GEK1500, a next-gen engine for small Collaborative Combat Aircraft (CCA) in partnership with Kratos.
- GE shared plans to invest $1 billion in U.S. manufacturing sites and supplier base for the second consecutive year to help accelerate engine deliveries, ramp parts that extend time-on-wing, and strengthen the defense industrial base.
- GE continued to strengthen the external global Maintenance, Repair and Overhaul (MRO) network to support LEAP aftermarket demand by adding Iberia as the seventh Premier MRO and expanding Delta TechOps capabilities to both LEAP-1A and LEAP-1B engines.
- GE established Singapore as the world’s first airport testbed for Open Fan technology as a part of the CFM RISE programme to study the integration of next-generation engine architecture into airport operations and develop a readiness framework for airframers, airports, and airlines worldwide.
During the Q1 of 2026, GE Aerospace received total orders of $23.0B, showing an increase of 87%; with total revenue of $12.4B, an increase of 25%; the operating profit was $2.5B, an increase of 18%.
