Continued steady growth in aerospace manufacturing and aftermarket activity boosted third-quarter performance at US engine manufacturers General Electric and Pratt & Whitney.
GE Aircraft Engines stayed on top, with third-quarter revenues up 13% from a year earlier to $3.01 billion, although P&W managed an almost 15% rise in sales to $2.41 billion. Income also increased, with GE reporting a 17% increase in segment profit to $604 million, while P&W’s operating profit jumped by more than 25% to $379 million.
Figures for the first quarters of the year show a continuing trend of improvement. GE’s profit for the first nine months was up 19% from a year earlier, to $1.82 billion, on sales up 8% to $8.57 billion. P&W’s profit was up more than 35% for the first nine months, to $1.09 billion, on revenues up 9.5% to $6.7 billion.
Source: Flight International
