GE Aerospace to launch as standalone entity in Q2 2024; spare parts supply issues dampen delivery forecast

GE has reported its third quarter results along with news that as planned GE Aerospace will be spun out as a standalone entity in the second quarter of next year, with an investment grade rating. For the third quarter, GE reported total orders of $17.9bn, a rise of 17% over the prior year, with total revenue up by 20% to $17.3bn ($16.5bn on an adjusted basis). GE’s profit margin jumped to 1.7%, up 330 basis points, up  9.8% and 760 bps organically on an adjusted basis. “GE delivered another quarter of very strong results with double-digit growth in revenue, profit,