SignalMacro

GE Aerospace has a $170 billion backlog and a new, higher profit forecast

GE Aerospace's $170 billion backlog and raised profit forecast signal strong demand.

Context

What happened: GE Aerospace raised its revenue and free cash flow targets after quarterly orders rose 49% to $19.0 billion. Key numbers: Orders $19.0 billion, up 49%. Backlog $170 billion. Why it matters: The higher targets signal stronger expected revenue and cash generation, and the $170 billion backlog points to a large book of future work.

What changed

GE Aerospace raised its revenue and free cash flow targets after quarterly orders rose 49% to $19.0 billion.

Why it matters

The higher targets signal stronger expected revenue and cash generation, and the $170 billion backlog points to a large book of future work.

Sources