GE Aerospace Operating Profit to Reach $10 Billion by 2028
Thursday, 7 March 2024, 14:21
GE Aerospace Operating Profit Forecast
New York - General Electric's aerospace business is projecting its operating profit to increase to around $10 billion by 2028, driven by the strong demand for its offerings. The CEO, Larry Culp, emphasized the company's confidence in meeting its targets and returning a substantial portion of earnings to shareholders.
Strategic Financial Goals
- Reiterating 2024 Profit Targets
- 30% Dividend Payouts of Net Income
- $15 Billion Authorized Share Repurchases
According to GE Aerospace, the current market scenario reflects robust demand, positioning the company for significant growth in the aerospace sector.
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