General Electric Co (NYSE: GE), operating as GE Aerospace, is an aerospace company that designs, manufactures, and services jet engines and propulsion systems for commercial and defense customers. Revenue comes from two primary streams: equipment sales of aircraft engines and long-term service agreements tied to the installed base of engines in operation. Demand for commercial products tracks air travel and freight volumes, while the defense business depends on U.S. federal and allied government defense budgets. GE Aerospace is headquartered at 1 Neumann Way, Evendale, OH, with executive offices also in Washington, DC and Norwalk, CT. The company reports through two segments: Commercial Engines & Services and Defense & Propulsion Technologies. Total R&D spending reached $2,989 million in FY2025, split between $1,580 million funded by GE Aerospace and $1,409 million funded by customers and partners. Cash from operating activities was $8.5 billion in FY2025, an increase of $2.7 billion from FY2024.

Revenue model

Equipment sales of jet engines plus long-term service agreements on the installed engine base. Customer- and partner-funded R&D arrangements also contribute, totaling $1,409 million in FY2025. Revenue growth is tied to engine delivery ramp and expansion of the services backlog.

Products and services

Jet engines and propulsion systems for narrowbody and widebody commercial aircraft; defense propulsion including adaptive cycle combat engines; the RISE suite of advanced propulsion technologies; overhaul and maintenance services under long-term service agreements. Advanced materials including ceramic matrix composites and additive-manufactured components are applied across engine platforms.

Customers and end markets

Commercial airlines and freight carriers (commercial engines and aftermarket services); U.S. federal government and allied governments (defense propulsion); airframe manufacturers that select GE engines for new aircraft platforms. Demand follows commercial air travel, freight volumes, and government defense appropriations.

Value-chain role

Original equipment manufacturer and aftermarket service provider. GE Aerospace designs and manufactures engines, qualifies suppliers, and performs or subcontracts overhaul services. The company also receives externally funded R&D from customers and partners, positioning it as both a product developer and a long-term service partner on installed fleets.

Geographic exposure

Global operations. The filing references worldwide operations affected by regional industrial, economic, and political factors, with U.S. federal government spending a primary driver of the defense segment. Specific revenue by geography is not detailed in the provided excerpts.

Source: SEC 10-K, filed 2026-01-29

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