“we are expecting LEAP performance to be in line with CFM56 performance on the A320s by the end of the year.”

In context

“kers: I wanted to ask, what are kind of your latest thoughts on LEAP kind of breakeven timing just given volumes are running a little bit lower than we thought and it sounds like you're deploying a lot of resources to work through some of the supplier issues. Just curious if the timing has shifted at all? Rahul Ghai: Yes. Hello, Matt. Timing has not shifted. So we expected LEAP to be profitable here in 2024 and the program to be breakeven in 2025. And LEAP services, in fact, shaping a little bit better than what we originally thought as we started the year, and we mentioned that in our prepared remarks. So that's how the overall program is shaping up we're making the progress on durability that we were expecting. It will be LEAP’s tracking better than CFM56 at this stage of the life cycle we are expecting LEAP performance to be in line with CFM56 performance on the A320s by the end of the year. So that is obviously a huge milestone given all the improvements we've been driving, the HPT LEAP was the last thing that was – and we expect that to happen here in the fourth quarter. We've completed more than 3,500 tests from that, 3,500 hours of testing on that. So that's going really well. So all in, I think LEAP is progressing exactly the way we would have liked services like a little bit better program should break even next year. Blaire Shoor: Larry, any final comments? Lawrence Culp: Blaire, thank you. I think just to close, the GE Aerospace team is going to stay grounded in our responsibility that we share to live the purpose, to invent the future of flight to lift people up and bring them home safely. So we really appreciate your time today and, of course, your interest in GE Ae”