CLAIM #26494 · GE (GE) · 2025Q3 earnings call · Oct 21, 2025 · due Dec 31, 2030
“As we think longer term for the year, we expect LEAP external shop visits to be kind of in the mid-teens, slightly above that range. And as we project that to 2030, we expect that to be 30%, right?”
Rahul Ghai · CFO
How to check this claim
Look at: LEAP external shop visits as a percentage of total LEAP shop visits (external channel participation rate)
It came true if: Full-year percentage in the mid-teens, slightly above (roughly 15-17%) for 2025
Where: Management commentary on quarterly earnings calls (GE Aerospace segment disclosures)
In context
“e of a healthier supply chain and the FLIGHT DECK productivity? Rahul Ghai: Yes, Scott, so I think Seth had a similar question earlier in the call. So I think some of the things that I said earlier, I'll kind of touch upon -- a lot of this -- the disconnect that we're seeing with our demand outlook and the departure growth goes fundamentally back to the pent-up demand on kind of shop visits, right? As I said earlier, shop visits in '25 are going to be below 2019 levels. The increase in work scopes that we are seeing, especially on the wide-body side, both on GE90 on GEnx as those migrate to the next level of shop visit. So that's a big piece of that. The growth of our external LEAP channel. We spoke earlier about LEAP channel -- LEAP external shop visits being up 2x in the quarter, right? As we think longer term for the year, we expect LEAP external shop visits to be kind of in the mid-teens, slightly above that range. And as we project that to 2030, we expect that to be 30%, right? So that will drive a huge amount of spare parts growth and not only do the LEAP shop visits ramp, but also the participation of the external channel grows. And then -- you combine that with a little bit of price increase that we drive every year. So I think those are the fundamental reasons why we are seeing this increase in demand. It's pent-up demand, work scopes and then growth of external channel. Blaire Shoor: Larry, any final comments? H. Culp: Blaire, thank you. Just to close, GE Aerospace is an exceptional franchise with enduring competitive strengths and a clear path for continued value creation. Our updated outlook today reflects growing confidence in that trajectory as we deliver for our customers, our shareholders and the flying public. We appreciate your time this morning and”
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SEC filings for GE ↗ · Claim quote is verbatim from the 2025Q3 earnings call.