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GE Aerospace (NYSE:GE) Chief Executive Larry Culp said the company is seeing signs of easing supply chain constraints and is on track to boost deliveries of jet engines for narrowbody aircraft by 15% to 20% this year, following previous disruptions that slowed production in 2024.
Speaking at the Bernstein Strategic Decisions Conference, Culp pointed out GE Aerospace’s (NYSE:GE) commitment to closely align with Boeing (NYSE:BA) as the aircraft manufacturer ramps up production of its 737 Max. Boeing (NYSE:BA) aims to hit a monthly output of 38 of the narrowbody planes or higher later this year. GE Aerospace (NYSE:GE), through its CFM International joint venture with Safran, (OTCPK:SAFRF) (OTCPK:SAFRY) supplies engines for the Max.
Despite the positive outlook on deliveries, Culp said the company still expects to take a financial hit of more than $500 million as a result of tariffs linked to ongoing trade tensions driven by U.S. policy actions.
The developments come as aerospace firms continue to navigate global supply chain volatility and shifting trade dynamics while working to meet surging demand in commercial aviation.
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