Boeing's factories stall, yet this aviation supplier's orders jumped 49% By Investing.com RSS CTA

Even as Boeing faces factory halts and ongoing quality audits, airlines are extending the life of older aircraft, keeping maintenance demand strong. The result benefits GE Aerospace, where orders jumped 49% to $19.0 billion last quarter and the company raised its full-year outlook for a fourth straight quarter. The pattern highlights where airline spending is going: shop visits and spare parts to keep in-service fleets running while new production is delayed. GE’s commercial services grew 21% in the third quarter, with services revenue up 17% and segment orders rising 58%. Adjusted operating profit climbed 30% to $3.0 billion, and adjusted EPS rose 36% to $2.25.