CLAIM #26252 · GE (GE) · 2024Q3 earnings call · Oct 22, 2024 · due Dec 31, 2030
“With LEAP's fleet size projected to double by 2030, we're expanding capacity to support aftermarket growth.”
Larry Culp · CEO
How to check this claim
Look at: LEAP engine fleet size (number of installed/in-service LEAP engines)
It came true if: 2030 LEAP fleet size >= 2x the fleet size reported around 2024
Where: Company-disclosed fleet/installed base figures (GE Aerospace investor materials, earnings calls, or 10-K commentary)
In context
“n the third quarter, supporting our deliveries. As one example, a joint Kaizen with one supplier in the second quarter led to a double-digit improvement in material receipts in the third quarter, demonstrating that these efforts are yielding results. We expect inputs to increase again in the fourth quarter, supporting a sequential step-up in output. We're also making progress on LEAP durability with the 1A durability kit, including our upgraded HPT blade, and we're expecting it to be certified in the coming weeks. The new HPT blade is easier to manufacture, which will also help increase output. Combined with the three durability enhancements that are currently performing well in the field, we expect this will give LEAP a 2.5x improvement in time on wing, in line with current CFM56 levels. With LEAP's fleet size projected to double by 2030, we're expanding capacity to support aftermarket growth. We're preparing for this growth in three complementary ways to improve shop visit output and reduce turnaround times. First, we're leveraging FLIGHT DECK to eliminate waste, to increase capacity and reduce TAT. At our MRO facility in Selma, Brazil, we use value stream mapping and problem solving to reduce LEAP test cycle time, a key constraint in shop visit output. We identified waste and improved standard work, reducing lead times there by nearly 50%. Actions like this enabled over 20% more LEAP shop visits in the third quarter year-over-year. Second, we're expanding internal capacity. We're investing $1 billion in MRO over the next five years to create that capacity, add enhanced inspection techniques and expand repair capabilities. We've partnered with Lufthansa Technik to add a dedica”
Verify independently
SEC filings for GE ↗ · Claim quote is verbatim from the 2024Q3 earnings call.