Transportation
GE Aerospace Raises Earnings Goal on Strong Engine Sales
- GE benefiting from surging demand for jet engines, services
- Firm is ‘well-calibrated’ with Boeing on engine supplies: Culp
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General Electric Co. raised the full-year profit guidance for its aerospace business, driven by an increase in revenue from commercial aircraft engines and services.
Operating profit this year will reach $6.2 billion to $6.6 billion, GE said in a statement on Tuesday, raising its guidance from as much as $6.5 billion. The company also provided an outlook for adjusted earnings per share, which will come in at $3.80 to $4.05.