We are also putting our spending under greater scrutiny, continue to invest in the future of flight, of course, continue to invest in improved durability and lowering the cost of ownership. But Given the situation, we are, I think, making sure that as a senior leadership team, we are spending in a, let's say, in a more cautious fashion today, given what we know and given what we don't.

Apr 22, 2026 / receipt, needs a key / Larry, CEO | earnings call 2026-04-22 | transcript 77ba7565-7adf-4a41-acf4-950ff2f80d07 | chars 33342-33730 | segment 33

And for the future, we're advancing the technology that will define the future of flight across both commercial and defense with approximately $3 billion in annual R&D spending.

Apr 22, 2025 / receipt, needs a key / Larry Culp, CEO | earnings call 2025-04-22 | transcript c35486f1-a9a4-4dea-8a24-c90107c81988 | chars 1957-2134 | segment 2

So still work to do. I like the travel that we're seeing. And our team and our supplier teams know that we're fortunate to have this incredible backlog to service for the air framers and for the airlines.

Oct 22, 2024 / receipt, needs a key / Larry, other | earnings call 2024-10-22 | transcript d9b1cc66-6af0-42da-971b-7122e5cf40f9 | chars 23064-23268 | segment 23

All said, GE Aerospace is accelerating our progress with lean and driving value long-term, all in service of our customers who carry the $3 billion people traveling with our engines under wing each year.

Jan 23, 2024 / receipt, needs a key / Larry Culp, CEO | earnings call 2024-01-23 | transcript 5422dcf2-d8e4-4d2b-8520-f70d68392b25 | chars 4586-4789 | segment 4

Looking at the market, the recovery has strengthened as the world is eager to travel. GE and CFM departures continue to improve, currently at 97% of 19 levels, and we still expect to be back to 19 levels later this year.

Apr 25, 2023 / receipt, needs a key / Larry Culp, CEO | earnings call 2023-04-25 | transcript 1b303205-16df-448d-bf8c-89d865a1db64 | chars 7782-8002 | segment 7

And having been with a number of these customers recently, not only the airline leadership, but a number of others in the travel and leisure hospitality spaces, they're excited about the end-of-the-year outlook here and going into 23.

Oct 25, 2022 / receipt, needs a key / Jeff, other | earnings call 2022-10-25 | transcript 97438c3f-a734-48e8-a071-8600222fa320 | chars 42140-42374 | segment 43

Along with our customers, GE remains confident in the recovery while actively monitoring the impact of travel restrictions.

Jan 26, 2022 / receipt, needs a key / Larry Culp, CEO | earnings call 2022-01-26 | transcript b59db361-357d-4a9b-9ecb-0aea9f788765 | chars 12434-12557 | segment 12

We expect this acceleration in traffic to continue as travel restrictions lift and vaccination rates increase.

Oct 26, 2021 / receipt, needs a key / Larry Culp, CEO | earnings call 2021-10-26 | transcript d314a1d7-6a7b-4fd5-9366-153ad8156ae1 | chars 3002-3112 | segment 3

That said, we fully acknowledge the pace of the recovery remains dependent on containing the spread of the virus, effective inoculation programs, and government's collaboration to encourage travel.

Jan 26, 2021 / receipt, needs a key / Carolina, CFO | earnings call 2021-01-26 | transcript 0391adea-ec5c-4c8d-b28e-4261d1359bb1 | chars 32911-33108 | segment 34

A similar situation also transpired at power services, where travel restrictions caused by COVID-19 impacted our field personnel.

Apr 29, 2020 / receipt, needs a key / Larry Culp, CEO | earnings call 2020-04-29 | transcript 8f39bd3d-5df4-47bd-8706-2947b8fc6f23 | chars 7194-7323 | segment 7

Specifically at power, we're experiencing outage delays and restrictions in field service travel and we're monitoring new unit orders and services.

Apr 29, 2020 / receipt, needs a key / Larry Culp, CEO | earnings call 2020-04-29 | transcript 8f39bd3d-5df4-47bd-8706-2947b8fc6f23 | chars 9327-9474 | segment 9

Productivity: increase with yield and flow

ir_statement / Sep 17, 2026 / receipt

Supply chain: de-risk, expand capacity and Europeanize

ir_statement / Sep 17, 2026 / receipt

U.S. growth: build domestic engineering capabilities

ir_statement / Sep 17, 2026 / receipt

~30% cost reduction

ir_statement / Sep 17, 2026 / receipt

FLIGHT DECK and productivity gains offsetting amount of capital investment needed to support ramp

ir_statement / Sep 17, 2026 / receipt

Investing >$100M in ‘26 for European manufacturing

ir_statement / Sep 17, 2026 / receipt

Improving margins with improved productivity and cost actions

ir_statement / Sep 17, 2026 / receipt

Integrating FLIGHT DECK with our suppliers to drive productivity improvements

ir_statement / Sep 17, 2026 / receipt

Integrating quality, engineering, and sourcing to reduce scrap and rework

ir_statement / Sep 17, 2026 / receipt

Offsetting inflation with cost actions

ir_statement / Sep 17, 2026 / receipt

Spare parts growth supported by external network expansion: external shop visits >50% past 12 months

ir_statement / Sep 17, 2026 / receipt

Creating additional jobs to deploy FLIGHT DECK …

ir_statement / Sep 17, 2026 / receipt