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Market Chatter: GE Aerospace Jet Engine Delivery Delays Involve Around 15 Suppliers, CEO Says
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Market Chatter: GE Aerospace Jet Engine Delivery Delays Involve Around 15 Suppliers, CEO Says
Nov 3, 2024 12:44 PM

11:13 AM EDT, 10/28/2024 (MT Newswires) -- GE Aerospace (GE) is facing jet engine delivery delays due to supply chain disruptions involving around 15 suppliers, Bloomberg reported Monday, citing an interview with GE Aerospace CEO Larry Culp.

Culp reportedly did not provide a specific timeframe for resolving the supply chain issues, adding that GE not only builds engines but supports them over the course of their entire life cycle through parts, repairs and services, according to the report.

Culp also said 550 of the company's engineers are working with the suppliers to identify bottlenecks and other issues in an effort to solve the shortage disruptions.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 176.35, Change: -2.75, Percent Change: -1.54

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