GE Aerospace CEO: $210B Backlog and Historic Transatlantic Flight Proves Hybrid-Electric Aviation Is Coming Quick Read – GE Aerospace beat Q2 estimates with adjusted EPS of $2.02, raised full-year EPS guidance, and holds a $210 billion engine and services backlog. – Boeing’s 737…
nning at 42 per month and its $695 billion commercial backlog directly fuel demand for GE’s LEAP and GEnx engine programs. – Culp flew a SAAB A340 testbed across the Atlantic on hybrid-electric power, calling it a strong proof point for next-generation commercial propulsion. – Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and GE Aerospace didn’t make the cut. Grab the names FREE today
GE Aerospace CEO Larry Culp used a Farnborough Air Show appearance on CNBC this morning to spotlight its advanced technology and strong second-quarter results. GE Aerospace (NYSE:GE) said its testbed aircraft flew across the Atlantic under partial hybrid electric power to reach the show, then delivered a Q2 report that put commercial services growth, engine deliveries, and aftermarket spare parts all on the same steep trajectory. Culp framed the flight as a technology proof point. “We had the first ever high altitude hybrid electric flight crossing the Atlantic to bring that plane here.
This is a first of its kind. And as you might imagine, we’re terribly excited,” he said, describing the SAAB A340 testbed program run in collaboration with Boeing (NYSE:BA), Beta Technologies, and NASA. He was careful to set realistic expectations: “Hybrid electric is a key part of that.