Tag #Ge Aerospace

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aljazeera.com

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Apr 23, 01:13

GE Aerospace CEO Urges Reinstatement of Tariff-Free Trade Agreement

GE Aerospace CEO Larry Culp is urging the reinstatement of a tariff-free trade agreement to counter the negative impacts of President Trump's trade war, which is costing GE Aerospace over \$500 million annually and disrupting supply chains, impacting aircraft deliveries and customer forecasts.

GE Aerospace CEO Urges Reinstatement of Tariff-Free Trade Agreement

GE Aerospace CEO Larry Culp is urging the reinstatement of a tariff-free trade agreement to counter the negative impacts of President Trump's trade war, which is costing GE Aerospace over \$500 million annually and disrupting supply chains, impacting aircraft deliveries and customer forecasts.

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How does the trade war's impact on the aerospace industry connect to broader economic trends and global supply chain dynamics?

Culp's advocacy highlights the significant economic consequences of the trade war on the aerospace sector. The loss of the duty-free status disrupts established supply chains, as evidenced by potential delivery slowdowns from Howmet Aerospace and Airbus's challenges with engine deliveries. This disruption directly impacts GE Aerospace's profitability and broader economic implications for the US aerospace industry.

theglobeandmail.com

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Apr 22, 19:17

GE Aerospace Maintains Forecast Despite $500 Million Tariff Impact

GE Aerospace, facing over $500 million in tariff-related costs, maintains its full-year earnings forecast by implementing price increases, cost controls, and utilizing trade programs; however, it warns of potential delays in spare parts deliveries due to the ongoing trade war.

GE Aerospace Maintains Forecast Despite $500 Million Tariff Impact

GE Aerospace, facing over $500 million in tariff-related costs, maintains its full-year earnings forecast by implementing price increases, cost controls, and utilizing trade programs; however, it warns of potential delays in spare parts deliveries due to the ongoing trade war.

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How does the trade war affect GE Aerospace's supply chain and delivery schedules, both domestically and internationally?

The ongoing trade war significantly impacts GE Aerospace, causing increased costs and potential delays in spare parts deliveries, particularly to China and North America. However, GE Aerospace leverages its market dominance, strong aftermarket services, and a substantial order backlog to offset these negative effects.

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