Calepin des entreprises international 2026 VA.pdf — page 76

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Business trends
	
 GE Aerospace, which became independent following the demerger of the General Electric (GE) conglomerate 
in April 2024, is the world’s leading supplier of engines for commercial aircraft (through CFM International, its 
joint venture with Safran) and is one of the world’s top three engine manufacturers for military aircraft, alongside 
Rolls-Royce and Pratt & Whitney (a division of RTX).
	
 GE Aerospace revenues reached $38.7 billion (€35.8 billion) in 2024, up 9.5% year-on-year in local currency. 
Growth was driven by civil activities (+14.5%), with the delivery of more than 1,900 engines and stronger 
demand for maintenance services. Military activities also performed well (+4.1%), despite a decline in engine 
deliveries (490 units in 2024, compared with 556 in 2023).
	
 GE Aerospace plans to invest approximately $1 billion (€924 million) in its manufacturing facilities (new 
machinery, building upgrades, increased use of innovative materials, etc.) and supply chain throughout 2025, 
50% more than in 2024. $200 million (€185 million) will be allocated to military engines.
	
 In June 2025, GE Aerospace reached an agreement with the American group Kratos to develop and produce 
the GEK800 and GEK1500 UAV engines, which could be used to power «loyal wingman» UCAVs, among 
other applications.
Home market
	
 In February 2025, GE Aerospace announced the completion of the detailed design review of its XA102 
adaptive cycle engine, developed as part of the U.S. Air Force’s Next Generation Adaptive Propulsion (NGAP) 
programme to design an engine for the future sixth-generation F-47 air superiority aircraft developed by Boeing 
(NGAD programme). The group can now move on to the next phase (assembly and testing of a demonstrator). 
Pratt & Whitney is working on a competing concept, the XA103 engine.
	
 In March 2025, the group secured a contract worth up to $5 billion (€4.6 billion) with the U.S. Air Force to supply 
F110-GE-129 turbojet engines for F-15 (Boeing) and F-16 (Lockheed Martin) fighter aircraft operated by the 
U.S. Air Force and allied countries under FMS procedures.
	
 In May 2025, the U.S. Army announced that it was likely to abandon the Improved Turbine Engine Program 
(ITEP) to re-engine more than 1,300 UH-60 Black Hawk (Sikorsky) and 600 AH-64 Apache (Boeing) helicopters 
for budgetary reasons. GE Aerospace was leading this programme with its T901 turboshaft engine, which 
casts doubt on the continued development of the engine.
Export markets
	
 Most of GE Aerospace’s export sales (55% of turnover in 2024) relate to civil engines, mainly in Europe and 
Asia. European subsidiaries include Italian aerospace company Avio Aero and British engineering company 
Dowty Propellers.
	
  In January 2025, GE Aerospace was awarded a contract to supply 210 T700 turboprop engines to power the 
96 AH-64E Apache Guardian helicopters (Boeing) currently being acquired by Poland.
	
 In April 2025, GE Aerospace signed a contract with HJ Shipbuilding & Construction to supply LM500 gas 
turbines to power the Republic of Korea Navy’s PKX-B Batch-II (Yoon Youngha-class) patrol boats numbered 
9 to 12 (two turbines per ship).
Technology and Innovation
	
 Self-financed R&D expenditure amounted to $1,286 million (€1,189 million) in 2024, representing 3.3% of 
revenues.
	
 In the United States, the Federal Aviation Administration (FAA) certified the Catalyst turboprop engine 
from subsidiary Avio Aero in February 2025. The Catalyst is set to power the future European MALE RPAS 
reconnaissance drone (Eurodrone programme).	
	
	
STRATEGIC HIGHLIGHTS
GE AEROSPACE