MAAT INDEX

CLAIM #26272 · GE (GE) · 2024Q3 earnings call · Oct 22, 2024 · due Dec 31, 2031

the shop visits that were in the '25 to the '28 time frame have now moved out later in the decade... they've kind of moved out of the '25 to the '28 time frame to more '28 to '31.

Rahul Ghai · CFO

PENDING
graded after results covering Dec 31, 2031 are reported

How to check this claim

Look at: LEAP (NX) engine shop visit volume by year, and timing of shop visit cohort originally expected in 2025-2028

It came true if: NX shop visit volumes roughly flat over 2025-2028 (not growing materially versus 2024 levels), with the shop visit volume bulge previously expected in 2025-2028 instead materializing in 2028-2031

Where: management commentary on earnings calls (GE Aerospace) discussing LEAP/NX shop visit volumes and time-on-wing trends

In context

continues to grow. On the widebody side, GE90 is getting into the second shop visit. Keep in mind that 75% of that fleet has not seen the second shop visit. So that's what we are beginning to see now. And that spoke to the heavier work scopes that we've also previously discussed, which helped our revenue here in 2024 and will continue to grow over time as we transition to the second shop visits for GE90. So again, no change in outlook on GE90, I think the engine is performing well, things are coming in well. On the NX side, the shop visit are roughly, on a volume basis, we're expecting that to be flat over the next three to four years. And the primary reason for that is, even as the installed base is growing, the time on wing is doing a lot better than what you had initially expected. So the shop visits that were in the '25 to the '28 time frame have now moved out later in the decade. Again, that's good news for us. As you know, about 60% north of that portfolio is serviced by us and is in a long-term service contract. So fewer shop visits on the NX side improves the profitability of that program. So that's what our expectation is on NX. The shop visits are all going to happen. But given the time on wing improvement, they've kind of moved out of the '25 to the '28 time frame to more '28 to '31. Operator: Our next question comes from Ken Herbert with RBC Capital Markets. KenHerbert: Yes, hi. Good morning, Larry and Rahul. Lawrence Culp: Good morning. Ken Herbert: I wanted to just follow-up, Larry, specifically on your comment around the subset of priority sites grew material output or input, I guess, 18% sequentially, was that in line with your expectations? And I'm just curious, as you think about sort of applying FLIGHT DECK to the situation, how

Verify independently

SEC filings for GE · Claim quote is verbatim from the 2024Q3 earnings call.