Company announces results for the third quarter ending September 30, 2024.

GE Aerospace - which has a major base at Bishops Cleeve - saw orders rise by 28% to $12.6bn in the third quarter of 2024 with total revenue of $9.8bn, a rise of 6%.

The company achieved a profit of $1.9bn.

Given the strength of its results and Q4 expectations, GE Aerospace is raising its earnings and cash guidance for the year.

The company is experiencing strong demand for its aircraft jet engines, particularly the 3D printing-enabled CFM LEAP engine.

GE Aerospace chairman and CEO H. Lawrence Culp, Jr. said: "The GE Aerospace team delivered strong results, with demand driving orders up 28%. We grew earnings 25% and produced substantial free cash flow, both largely driven by services.

He added: "Leveraging FLIGHT DECK we're focused on servicing and delivering our engines faster without compromising safety and quality. 

"While there's more work to do, we made meaningful progress with engine deliveries improving more than 20% sequentially while also expanding aftermarket capacity.

"Our path forward is clear, and I am confident GE Aerospace is positioned to deliver a solid year in our first year as a standalone company."