Summer 2027
Posted on 8/17/2026
American aircraft engine supplier and manufacturer
$20/hr
No H1B Sponsorship
Evendale, OH, USA
In Person
Relocation assistance and housing support are available for those who relocate to a new city.
US Citizenship Required
Bachelor's, Master's, Associate's
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GE Aerospace designs and manufactures jet engines and systems for commercial and military aircraft while providing global maintenance and repair services. These engines work by compressing air, mixing it with fuel for combustion, and using the resulting high-pressure gas to spin turbines that generate thrust. The company distinguishes itself through a massive global service network and a vast installed base of engines that allows for extensive data collection and specialized lifecycle support. Its goal is to provide reliable propulsion and maintenance solutions that define the future of flight for airlines and defense forces worldwide.
Company Size
10,001+
Company Stage
Debt Financing
Total Funding
$1B
Headquarters
Evendale, Ohio
Founded
1889
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GE Aerospace is struggling to meet overwhelming demand despite record revenue. Spare parts delinquencies increased last quarter due to material shortages, indicating the company's production capacity cannot keep pace with orders. The company's commercial services backlog stands at roughly $170 billion. This recurring revenue stream is the primary value driver for the stock. Under conservative assumptions, GE Aerospace's revenue could compound at 17.4% annually over three years, growing from $50.6 billion to $81.9 billion. Net margins are projected to improve from 17.7% to 18.3%, whilst the P/E multiple is expected to compress from 42.3x to 32.2x. A newly certified LEAP-1B durability kit could serve as a catalyst, potentially delivering a twofold improvement in time on wing and reshaping the aftermarket revenue profile.
GE Aerospace shares have surged 37% over the past year, trading near 52-week highs on strong fundamentals. The engine manufacturer reported 22% revenue growth over the last twelve months, outpacing the S&P 500 median of 8.1%. Its commercial services backlog stands at roughly $170 billion. Latest quarterly results showed revenue up 24% and free cash flow growing 43%. Management raised 2026 guidance to $7.65–$7.85 earnings per share. However, the stock trades at a price-to-earnings multiple of 42.9, nearly double the S&P 500 median of 23.7. The biggest risk is execution, particularly supply chain challenges. Spare parts delinquencies rose 20% sequentially in the second quarter due to material shortages, threatening the company's ability to convert its backlog into revenue.
GE Aerospace has shifted its narrative around supply chain constraints, now positioning its FLIGHT DECK operating programme as the driver of output growth rather than merely a tool to combat shortages. The initiative has halved demand signals to turbine airfoil suppliers and roughly doubled on-time delivery of priority materials. The company's overdue parts backlog grew 20% sequentially in Q2 2026 as strong orders outpaced supply improvements. Management now frames this backlog as future revenue rather than a limitation. Commercial Engines & Services represents roughly two-thirds of GE's $50.6 billion in trailing twelve-month revenue, with $170 billion in committed commercial services work. Free cash flow rose 43% in Q2 2026, with conversion exceeding 140%. However, margin pressures from GE9X production costs and LEAP services are expected to persist until 2028.
Philippine Airlines has agreed to equip 15 Boeing 787-10 Dreamliners with GE Aerospace's GEnx-1B engines, with options for five more aircraft. Deliveries are expected between 2031 and 2034. The deal reinforces GE's position in fuel-efficient, lower-emission widebody engines for long-haul flying. However, the distant delivery timeline means limited near-term impact on GE's current aerospace growth catalysts. GE Aerospace's second quarter 2026 results showed revenue of $13.3 billion and net income of $2.4 billion. The company's investment narrative centres on its engine-focused business model and recurring aftermarket services. Some analysts project GE's revenue could reach $64.6 billion by 2029, though the company faces risks from supply chain pressures and heavy reliance on commercial aviation.
GE Aerospace trades at 41.0 times earnings, the second-highest valuation among its peers, yet its 12-month stock return of 35% ranks only third in the group. Lockheed Martin, trading at 21.3 times earnings, delivered a superior 43% return, whilst RTX posted 38% despite a similar valuation. GE's operating fundamentals are strong. Its 18.7% operating margin leads its competitive group, and its 22% revenue growth trails only Boeing. However, the market has assigned a premium that appears disconnected from trailing performance. Management has boosted guidance based on a $170 billion commercial services backlog, projecting full-year free cash flow of $8.9 billion-$9.2 billion. The company's LEAP engine platform is expected to see its installed base more than double by 2030, providing significant revenue visibility.