January 22, 2026 GE Aerospace fourth quarter & full year 2025 performance Financial results & company highlights Caution concerning forward-looking statements: This document contains "forward-looking statements" – that is, statements related to future events that by their nature address matters that are, to different degrees, uncertain. For details on the uncertainties that may cause our actual future results to be materially different than those expressed in our forward-looking statements, see www.geaerosp ...

Core Insights - Emirates Airlines has signed an agreement with GE Aerospace for 130 GE9X engines to power 65 additional Boeing 777-9 aircraft, increasing its total GE9X orders to over 540 engines, including spare engines and a long-term services agreement [1][6] - This agreement reinforces the 40-year partnership between Emirates and GE Aerospace, highlighting Emirates' status as the world's largest Boeing 777 operator and its commitment to the Boeing 777-9 program valued at approximately US$ 38 billion [2][3] Company Developments - The GE9X engine is recognized as the world's most powerful and fuel-efficient commercial aircraft engine, offering 10% better specific fuel consumption compared to its predecessor, the GE90-115B, and is designed to operate on approved Sustainable Aviation Fuel (SAF) blends [3][4] - GE Aerospace has a significant operational presence in the UAE, with over 240 employees and various facilities, including an On Wing Support Center and a new $50 million investment in support infrastructure [4] Market Position - With this latest order, Emirates becomes the largest customer for GE9X engines globally, reflecting the airline's confidence in GE Aerospace's technology and services [6] - The partnership between Emirates and GE Aerospace is positioned to advance the future of flight, emphasizing the importance of innovation and efficiency in the aerospace sector [3][4]

Core Insights - AerCap Holdings N.V. has signed a seven-year agreement with GE Aerospace to provide lease pool management services for the GE9X engine, extending support for other engines as well [1][2][3] Group 1: Agreement Details - The agreement enhances the partnership between AerCap and GE Aerospace, adding the GE9X engine to AerCap's servicing capabilities [2] - AerCap will manage GE9X shop visit management, lease return coordination, technical services, and lease documentation support [2][3] Group 2: Strategic Importance - The agreement is crucial for ensuring that customers have a robust support network for their 777X fleets when the GE9X enters service [3] - GE Aerospace is investing in capabilities to support GE9X customers, including increasing capacity and enhancing training [3] Group 3: Company Background - AerCap is a global leader in aviation leasing, serving approximately 300 customers worldwide with comprehensive fleet solutions [4] - GE Aerospace has an installed base of around 44,000 commercial and 26,000 military aircraft engines, employing 52,000 people globally [5]

Group 1 - The core outlook for GE Aerospace indicates significant improvements in revenue and profit projections for 2028 compared to previous estimates [3][4] - Adjusted revenue growth is now expected to be in the double digits, with adjusted operating profit projected at $11.5 billion and free cash flow at $8.5 billion by 2028 [4] - The company's dominant position in commercial airplane engines is anticipated to drive long-term growth through higher-margin service sales [5][6] Group 2 - GE Aerospace's business model focuses on establishing engines with major aircraft manufacturers, leading to multi-decade service sales opportunities due to the long lifespan of engines [6][9] - The LEAP engine fleet is expected to triple by 2030, with a projected 70% increase in narrowbody profit by 2028, driven by ongoing service revenue from both LEAP and CFM56 engines [11] - In the widebody segment, GE holds a significant market share, powering over 50% of widebody departures, with expectations of a 40% increase in widebody profit by 2028 [13][14] Group 3 - Overall, GE anticipates substantial profit improvements by 2028, supported by favorable dynamics in the commercial aerospace sector [16] - The company is expected to grow earnings at a mid-teens rate, backed by a strong market position and a business model that ensures secure growth for many years [17]