GE Aerospace released its fourth-quarter and full-year 2025 financial results yesterday, reporting double-digit growth across key metrics and issuing a positive financial outlook for the coming year. The company’s performance was driven by robust demand in commercial aerospace services and a significant increase in engine deliveries. Chairman and CEO H. Lawrence Culp, Jr. characterized 2025 as an “outstanding year,” noting that the company’s “Flight Deck” operating model is successfully accelerating output to meet a backlog for equipment and services that now stands at roughly $190 billion.
For the fourth quarter ending December 31, 2025, GE Aerospace reported total orders of $27.0 billion, a 74% increase compared to the same period the previous year. Adjusted revenue for the quarter rose 20% to $11.9 billion, while adjusted earnings per share (EPS) increased 19% to $1.57. For the full year, the company achieved total orders of $66.2 billion and adjusted revenue of $42.3 billion, up 21% year-over-year.
Drivers for the full year were strong across both segments. In Commercial Engines & Services (CES), services revenue climbed 31% in the fourth quarter alone, supported by higher internal shop visit volumes and improved material availability. Annual engine deliveries also saw a marked increase, rising 25% year-over-year, including a record 28% increase in LEAP engine deliveries.
The Defense & Propulsion Technologies segment also reported steady annual growth, with full-year orders up 19% and revenue increasing by 11%. Segment operating profit grew 22% to $1.3 billion. Highlights for the unit included securing a new order with Hindustan Aeronautics for 113 F404 engines to power the HAL Tejas light fighter. The company also successfully completed altitude testing of the GEK800, a new lightweight engine designed for unmanned platforms and Collaborative Combat Aircraft, and announced a collaboration with Shield AI to power autonomous systems with the F110 engine.
Looking ahead, GE Aerospace provided detailed guidance for 2026, projecting another year of financial expansion. Management emphasized that the momentum from 2025 is expected to carry forward, supported by strategic investments in the company’s maintenance, repair, and overhaul (MRO) network. The company forecasts 2026 operating profit between $9.85 billion and $10.25 billion, with adjusted EPS in the range of $7.10 to $7.40.
To support this growth, GE Aerospace plans to invest more than $1 billion globally in MRO capabilities, including significant capacity expansion for LEAP engines. “We enter 2026 with solid momentum to build upon these results,” Culp said in the company’s earning release. “This supports another year of substantial EPS and cash growth, and I’m confident our team will deliver.”
A lifelong aviation enthusiast, Douglas Royce is currently co-editor of four of Forecast International's Market Intelligence Services: Civil Aircraft Forecast, Military Aircraft Forecast, Rotorcraft Forecast, and Aviation Gas Turbine Forecast. As such, he plays a key role in many important projects that involve market sizing and forecasting for various segments of the world aerospace industry, as well as demand for related systems.
