Company: GE
Filing Date: 2025-10-21
Form Type: 10-Q
Source: 0000040545-25-000132
Chunk: 6

Company: GENERAL ELECTRIC CO
Filing Date: 2025-10-21
Form: 10-Q
Item: Item 2
Chunk 6
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 TECHNOLOGIES. Our results in the third quarter of 2025 reflect domestic and international government defense departments’ focus on modernizing and scaling their forces while continuing flight operations, driving services demand. A key underlying driver of our business is government funding, as most of the revenue in Defense & Systems is derived from funding that flows through the U.S. Department of War budget, or equivalent international budgets. 

In the first three quarters of 2025, we announced an Indefinite Delivery/Indefinite Quantity (IDIQ) contract from the U.S. Air Force valued up to $5 billion to support foreign military sales for F110-GE-129 engines, which power F-15 and F-16 aircraft operated by allied nations worldwide. We also achieved important development and testing milestones on two advanced engines for the U.S. war fighter. We achieved first flight for the T901 on a Black Hawk helicopter.

6 2025 3Q FORM 10-Q

Sales in unitsThree months ended September 30Nine months ended September 302025202420252024Defense engines172 94 463 306 

SEGMENT REVENUE AND PROFITThree months ended September 30Nine months ended September 302025202420252024Defense & Systems (D&S)$1,777 $1,428 $4,887 $4,452 Propulsion & Additive Technologies (P&AT)1,051 815 2,828 2,503 Total segment revenue$2,828 $2,243 $7,715 $6,955 Equipment$1,434 $936 $3,717 $3,017 Services1,394 1,306 3,998 3,939 Total segment revenue$2,828 $2,243 $7,715 $6,955 Segment profit$386 $220 $1,044 $820 Segment profit margin13.6 %9.8 %13.5 %11.8 %

For the three months ended September 30, 2025, revenue was up $0.6 billion, or 26%, and profit was up $0.2 billion, or 75%, compared to the three months ended September 30, 2024. 

D&S revenue increased primarily due to increased engine deliveries, aircraft systems product growth and price. P&AT revenue increased primarily due to volume and price.

Profit increased