GE sees slower growth in LEAP engine deliveries

Popular choice: People at General Electric’s booth during an exhibition in Switzerland. The company’s engines are being used on all recent Boeing medium-haul planes. — Reuters

CHICAGO: General Electric (GE) has trimmed its growth forecast for LEAP jet engine deliveries for this year and says their growth would slow further next year as well, with the global aerospace supply chain continuing to struggle to keep pace with booming demand.

In an interview, chief executive Larry Culp said GE is aiming for a 20% to 25% year-on-year increase in deliveries for 2024 – lower than the revised 40% to 45% annual growth for this year.