MRO & Manufacturing
GE Aerospace Q2 2025 Reports Strong Revenue and Orders Growth
GE Aerospace Q2 2025 shows 25.5% revenue growth, $14.2B orders, and raised guidance reflecting strong commercial and defense market demand.
GE Aerospace’s second quarter of 2025 marked a significant milestone in its post-spin-off evolution, showcasing robust financial performance and strategic momentum. The company reported a 25.5% year-over-year increase in adjusted revenue and a 26.8% rise in total orders. These results not only exceeded Wall Street expectations but also highlighted the strength of its commercial and defense segments amid a recovering global aerospace market.
Following its full separation from General Electric in April 2024, GE Aerospace has emerged as a standalone aviation powerhouse. With a focus on aircraft engines, systems, and services, the company is strategically positioned to capitalize on the resurgence of global air travel and heightened defense spending. Its Q2 2025 performance underlines both operational efficiency and market demand, setting the stage for continued growth.
This article delves into the key financial figures, strategic developments, and broader industry context that shaped GE Aerospace’s Q2 2025, providing a comprehensive view of its trajectory and outlook.
GE Aerospace reported adjusted revenue of $10.2 billion in Q2 2025, a 25.5% increase compared to the same quarter last year. This figure surpassed analyst expectations, which had projected $9.59 billion. The company’s adjusted earnings per share (EPS) came in at $1.66, beating the consensus estimate of $1.43 and marking a 38% year-over-year improvement.
Operating profit reached $2.3 billion, up 23% from Q2 2024, driven largely by growth in the commercial services business. Free cash flow also saw a substantial jump, rising 92% year-over-year to $2.1 billion, reflecting strong capital discipline and operational efficiencies.
On the order front, total bookings climbed to $14.2 billion, a 26.8% increase from the previous year. This surge was led by the Commercial Engines & Services (CES) segment, which recorded $11.7 billion in orders, up 28% year-over-year. These included high-profile contracts such as over 400 GE9X and GEnx engines for Qatar Airways and 32 engines for Boeing 787s ordered by IAG.
“The GE Aerospace team delivered an excellent second quarter with free cash flow nearly doubling and more than 20% growth in orders, revenue, operating profit, and EPS.”, H. Lawrence Culp, Jr., Chairman and CEO
The Commercial Engines & Services (CES) segment was the standout performer in Q2. Revenue in this segment reached $8.0 billion, a 30% increase year-over-year. Profits also rose by 33% to $2.2 billion. This growth was largely fueled by a 29% increase in services revenue, driven by higher demand for spare parts and shop visits as airlines ramped up operations post-pandemic.
The Defense & Propulsion Technologies (DPT) segment posted more modest gains. Revenue rose 7% to $2.6 billion, while profit increased 5% to $362 million. The segment benefited from increased U.S. defense spending, particularly under legislative initiatives like the “One Big Beautiful Bill,” which added $156 billion to the defense budget. Combined, the two segments reflect a balanced growth strategy, with CES capturing commercial aviation recovery and DPT providing stability through government contracts.
GE Aerospace reported a backlog of approximately $175 billion at the end of Q2 2025, offering multi-year revenue visibility. This backlog includes long-term service agreements and engine orders, providing a cushion against market volatility.
The company’s financial health also remains strong. With nearly $2.1 billion in free cash flow generated during the quarter and a clear capital allocation strategy, GE Aerospace is well-positioned to fund innovation, return capital to shareholders, and maintain operational resilience.
These financial indicators underscore the company’s ability to execute its strategic vision while navigating a complex global environment.
GE Aerospace continues to invest in operational improvements and next-generation technologies. The company’s FLIGHT DECK system, designed to enhance supply chain visibility and efficiency, improved material input at supplier sites by 10% sequentially. This innovation supports faster production cycles and better inventory management.
Another major initiative is the CFM RISE (Revolutionary Innovation for Sustainable Engines) program, a joint venture with Safran. Over 350 tests have been completed for this next-generation engine platform, which aims to achieve more than 20% fuel efficiency improvements over current models.
In the defense technology space, GE Aerospace has expanded its investment in hypersonics and upgraded U.S. test infrastructure to support future propulsion systems. These developments position the company as a key player in emerging aerospace technologies.
In response to its strong Q2 performance, GE Aerospace raised its financial guidance for both 2025 and 2028. For 2025, the company now expects adjusted revenue growth in the mid-teens percentage range, up from its previous low-double-digit forecast. Operating profit is projected at $8.2–$8.5 billion, an increase from the earlier $7.8–$8.2 billion range. Free cash flow for 2025 is expected to reach between $6.5 and $6.9 billion. Looking further ahead, the 2028 outlook includes an operating profit target of approximately $11.5 billion and free cash flow of around $8.5 billion, both up $1.5 billion from prior guidance.
These revised projections reflect management’s confidence in sustained growth, driven by market demand, operational execution, and technological innovation.
GE Aerospace has committed to returning substantial capital to shareholders. Between 2024 and 2026, the company plans to return approximately $24 billion, a 20% increase over prior periods. This will be executed through a combination of dividends and share buybacks.
Beyond 2026, the company aims to return at least 70% of its free cash flow to shareholders. This strategy aligns with its goal of delivering long-term value while maintaining financial flexibility for strategic investments.
Such capital return policies have been well-received by investors, reinforcing confidence in the company’s financial discipline and future prospects.
GE Aerospace’s Q2 2025 results underscore the company’s strong position in a recovering aerospace market. With double-digit revenue and order growth, improved profitability, and a robust backlog, the company has demonstrated its ability to execute on both strategic and operational fronts. The raised guidance for 2025 and 2028 further reflects management’s optimism about sustained growth.
Looking ahead, GE Aerospace faces opportunities and challenges. Continued innovation in engine technology, expansion in defense markets, and efficient capital allocation will be key drivers. At the same time, the company must navigate geopolitical risks and supply chain volatility. Overall, GE Aerospace appears well-equipped to maintain its trajectory as a leader in the global aerospace industry.
What is GE Aerospace’s main business focus? How did GE Aerospace perform in Q2 2025? What is the outlook for GE Aerospace? Sources:
GE Aerospace Q2 2025: Record Revenue and Orders Growth Fuels Optimism
Q2 2025 Financial Performance
Revenue, Profit, and Orders Overview
Segment Performance: CES and DPT
Backlog and Financial Health
Strategic Developments and Forward Guidance
Operational Efficiency and Innovation
Raised Guidance for 2025 and 2028
Shareholder Capital Returns
Conclusion
FAQ
GE Aerospace focuses on aircraft engines, systems, and services. Its two main segments are Commercial Engines & Services (CES) and Defense & Propulsion Technologies (DPT).
The company reported $10.2 billion in adjusted revenue (+25.5% YoY), $2.3 billion in operating profit (+23% YoY), and $2.1 billion in free cash flow (+92% YoY).
GE Aerospace raised its 2025 guidance, projecting operating profit of $8.2–$8.5 billion and free cash flow of $6.5–$6.9 billion. Its 2028 outlook includes $11.5 billion in operating profit and $8.5 billion in free cash flow.
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MRO & Manufacturing
Mecadaq Group Acquires Echeverria and Lopez to Expand Aerospace Capabilities
Mecadaq Group acquires Echeverria and Lopez in France to diversify aerospace supply chain services and target €150M revenue by 2030.
This article is based on an official press release from Mecadaq Group.
Mecadaq Group, a specialist in high-precision aerospace manufacturing with operations in France and the United States, has announced the acquisitions of two strategic companies: Echeverria and Lopez. The announcement, made on January 21, 2026, marks the first major expansion for the group since the investment firm CAPZA became its majority shareholder in July 2025.
According to the company’s statement, these acquisitions are part of an aggressive “buy-and-build” strategy designed to consolidate the fragmented aerospace supply chain. By integrating these new entities, Mecadaq aims to diversify its capabilities beyond airframe manufacturing into interiors and engine maintenance. The group has set a financial target to achieve over €150 million in annual revenue by 2030.
The two acquired companies bring distinct specializations that broaden Mecadaq’s service portfolio and strengthen its local footprint in southwest France.
Located in Hendaye, France, Echeverria specializes in the precision machining and assembly of complex components for aircraft seats and cabins. This acquisition opens a new vertical for Mecadaq in the “Interiors” market. The company notes that Echeverria is a key supplier for Airbus Atlantic, providing structures for pilot seats and cabin frameworks.
The second acquisition, Lopez, is based in Tarnos, France, near Mecadaq’s headquarters. Lopez focuses on Maintenance, Repair, and Overhaul (MRO) services for helicopter engines. Their capabilities include grinding, lapping, hydraulic testing, and compliance restoration for critical parts. According to Mecadaq, this move establishes a dedicated division for engine maintenance and reinforces the group’s relationship with Safran Helicopter Engines, a long-standing partner of Lopez.
This expansion is fueled by Mecadaq’s new financial structure following the entry of CAPZA as the majority shareholder in mid-2025. The investment firm’s Flex Equity strategy replaced the previous backer, Activa Capital. Additionally, Mecadaq President Julien Dubecq and his management team have reinvested in the transaction, signaling a long-term commitment to the group’s growth.
“The aerospace supply chain remains highly fragmented. Mecadaq’s strategy is to act as a consolidator, acquiring smaller, specialized firms to increase ‘share of wallet’ with major OEMs.”
, Summary of Mecadaq Group Strategy
The group’s ambition is to triple its size relative to its 2018-2020 baseline. To reach the €150 million revenue target by 2030, Mecadaq plans to pursue a mix of organic growth and further acquisitions across Europe and the United States.
The acquisition of Echeverria and Lopez highlights a critical trend in the aerospace sector: the consolidation of Tier 2 and Tier 3 suppliers. As major OEMs like Airbus and Boeing ramp up production rates, smaller suppliers often face pressure to scale operations and maintain financial resilience. By absorbing specialized firms, mid-sized groups like Mecadaq can offer a more robust, multi-service value proposition,ranging from manufacturing to maintenance,thereby securing their positions as critical partners in the global supply chain.
Headquartered in Tarnos, France, Mecadaq Group employs approximately 350 people (prior to these recent acquisitions). The company specializes in high-precision machining, including turning, milling, and gear shaping, for the aerospace and defense sectors.
Mecadaq operates a transatlantic model to serve major industrial hubs:
The company’s client roster includes major industry players such as Airbus, Boeing, Dassault Aviation, Safran, Thales, and Spirit AeroSystems. Mecadaq produces parts for key commercial programs like the A320, B737, A350, and B787, as well as the Rafale defense program.
Mecadaq Group Acquires Echeverria and Lopez to Accelerate Aerospace Supply Chain Consolidation
Strategic Acquisitions: Echeverria and Lopez
Echeverria: Expanding into Interiors
Lopez: Establishing an MRO Division
Financial Backing and Long-Term Strategy
AirPro News Analysis
Company Profile and Global Footprint
Sources
Photo Credit: Mecadaq Group
MRO & Manufacturing
Deutsche Aircraft Chooses Comtronic for D328eco Overhead Panels
Deutsche Aircraft selects Comtronic GmbH to supply advanced overhead panels for the D328eco cockpit, targeting entry into service in late 2027.
This article is based on an official press release from Deutsche Aircraft.
Deutsche Aircraft has officially announced the selection of Comtronic GmbH to supply the complete overhead panel for the D328eco cockpit. According to the company’s press release, this partnership marks a significant step in the development of the 40-seat regional turboprop, ensuring that the flight deck meets modern ergonomic and technical standards.
The agreement tasks Comtronic, a subsidiary of the French industrial group MAFELEC Team, with delivering a “turnkey” solution. This includes the design and manufacturing of illuminated panels, sub-panels, and custom control units tailored specifically for the D328eco’s avionics suite. The selection underscores Deutsche Aircraft’s focus on securing a robust, regional supply chain for its flagship program, which targets entry into service in late 2027.
Under the terms of the agreement, Comtronic GmbH will provide a comprehensive suite of cockpit interface solutions. Based in Schönau, Germany, the supplier brings nearly 50 years of aerospace experience to the project. The scope of supply involves advanced optical and photometric engineering designed to ensure uniform illumination and anti-glare performance, critical factors for pilot situational awareness.
The overhead panel is a vital component of the cockpit, housing controls for essential systems such as fuel, electrical power, and bleed air. Deutsche Aircraft notes that the new panels will be optimized for both day and night readability, integrating Night Vision Imaging System (NVIS) compatibility where necessary.
Gilles Heinrich, President of the MAFELEC Team, commented on the collaboration in the official release:
“This contract reflects the strong alignment between our organizations and our shared commitment to delivering high-quality, reliable solutions for the aerospace industry.” The components will undergo rigorous qualification testing to meet aerospace standards, including RTCA/DO-160 and MIL-STD requirements, ensuring they can withstand the vibration and temperature extremes inherent in regional flight operations.
The D328eco is an advanced modernization of the legacy Dornier 328 platform. While it retains the proven aerodynamic characteristics of its predecessor, the new aircraft features a fuselage stretched by approximately two meters to accommodate 40 passengers. A key element of this modernization is the transition to a fully digital glass cockpit featuring the Garmin G5000 avionics suite. Comtronic’s contribution is essential to this digital transition. While the avionics suite handles flight data and navigation, the overhead panel remains the physical interface for systems management. By integrating modern “Human-Machine Interface” (HMI) technology, the new panel is designed to reduce pilot cognitive load. This aligns with the aircraft’s broader operational goals, which include future single-pilot capability, although initial certification is planned for two pilots.
Strategic Supply Chain Localization Bridging Legacy and Digital The D328eco is engineered to be a leader in sustainability for the regional sector. Powered by Pratt & Whitney Canada PW127XT-S engines, the aircraft is designed to operate on 100% Sustainable Aviation Fuel (SAF). The efficiency of these engines, combined with the advanced cockpit systems, aims to lower operating costs and emissions compared to older regional jets and turboprops.
Comtronic’s panels contribute to this ecosystem by adhering to strict weight and power consumption standards, which are critical for maximizing the efficiency of the aircraft. The supplier’s ability to deliver NVIS-compatible lighting also suggests that Deutsche Aircraft is positioning the D328eco for versatility, potentially serving in special mission roles (such as search and rescue) in addition to commercial passenger transport.
What is the D328eco? Who is Comtronic GmbH? When will the D328eco enter service? Why is the overhead panel important?
Deutsche Aircraft Selects Comtronic GmbH for D328eco Overhead Panels
Scope of the Partnership
Modernizing the D328 Platform
AirPro News Analysis
The selection of Comtronic GmbH highlights a strategic move by Deutsche Aircraft to insulate the D328eco program from global supply-chain volatility. By choosing a German supplier located in Schönau, the manufacturer shortens logistics chains and ensures closer engineering collaboration. In an era where aerospace production is frequently bottlenecked by parts shortages, relying on established regional partners like Comtronic, backed by the larger MAFELEC Team, reduces risk for the 2027 delivery timeline.
Integrating a physical overhead panel with a digital Garmin G5000 suite represents a specific engineering challenge: blending tactile reliability with digital sophistication. We observe that this partnership emphasizes the industry’s focus on “tactile ergonomics.” Even in glass cockpits, pilots rely on physical switches for critical systems to build muscle memory. Comtronic’s expertise in high-uniformity lighting ensures that these physical controls remain distinct and readable, preventing mode confusion during complex operations.
Technical Specifications and Sustainability
Frequently Asked Questions
The D328eco is a 40-seat regional turboprop developed by Deutsche Aircraft. It is a modernized, sustainable version of the Dornier 328, featuring new engines, a stretched fuselage, and a digital cockpit.
Comtronic GmbH is a German aerospace supplier based in Schönau and a member of the French MAFELEC Team. They specialize in Human-Machine Interface (HMI) solutions, including illuminated panels and control units.
Deutsche Aircraft targets late 2027 for the D328eco’s entry into service (EIS).
The overhead panel contains physical controls for critical aircraft systems like fuel, hydraulics, and power. Its design impacts pilot workload, safety, and ease of operation, particularly in low-light or high-stress conditions.
Sources
Photo Credit: Deutsche Aircraft
MRO & Manufacturing
Jamco Acquires Schüschke to Expand Airbus Market Presence
Jamco Corporation acquires German firm Schüschke to diversify from Boeing and strengthen its Airbus supply chain position by February 2026.
This article is based on an official press release from Jamco Corporation.
On January 19, 2026, Jamco Corporation, a leading Japanese aircraft interiors manufacturer, announced its Acquisitions of Schüschke GmbH & Co. KG, a German specialist in solid-surface washbasins and lavatory components. The transaction, expected to close in February 2026, marks a significant strategic pivot for Jamco as it seeks to diversify its customer base beyond its traditional stronghold with Boeing.
According to the official announcement, the acquisition facilitates Jamco’s expansion into the Airbus supply chain, where Schüschke holds a dominant position. The deal is the latest in a series of aggressive moves by Jamco’s parent company, Bain Capital, which took the Japanese manufacturer private in 2025. By integrating Schüschke’s specialized manufacturing capabilities, Jamco aims to solidify its status as a global platform for cabin interiors.
The acquisition sees the exit of Silver Investment Partners (SIP), which has held Schüschke since 2015. While financial terms were not disclosed, the deal involves high-profile advisory teams, including Seabury Securities and CMS for Jamco, and Steen Associates for the sellers.
The primary driver behind this acquisition appears to be the immediate diversification of OEMs (Original Equipment Manufacturer) exposure. Jamco has historically been deeply aligned with Boeing, currently holding status as the sole supplier of lavatories for all Boeing wide-body aircraft, including the 787, 777, and 777X programs. Industry data indicates Jamco holds approximately 50% of the global market share in lavatories and 40% in galleys.
In contrast, Schüschke is heavily integrated into the Airbus ecosystem. The German manufacturer supplies washbasins and interior components for the A320, A330, A350, and A380 families. According to the transaction report, Schüschke commands an 83% market share in new-build programs for Airbus. By acquiring Schüschke, Jamco instantly reduces its reliance on Boeing’s production cycles and gains a foothold in the high-volume Airbus narrow-body market.
Beyond market access, the deal centers on material science. Schüschke is the proprietor of Varicor®, a solid-surface material prized for being lightweight, fire-retardant, and highly customizable. Integrating this technology into Jamco’s broader product portfolio allows for the development of lighter, more durable lavatory and galley solutions, a critical requirement for Airlines focused on reducing fuel burn and maintenance costs.
This transaction highlights the rapid consolidation strategy employed by Bain Capital since it acquired Jamco in mid-2025. The private equity firm appears to be building a comprehensive “super-supplier” in the interiors sector capable of weathering Supply-Chain volatility while meeting the ramping production rates of major airframers. The Schüschke deal represents the third major acquisition for the platform in just six months:
This pattern suggests a deliberate effort to aggregate specialized Tier-2 suppliers into a robust Tier-1 entity with global reach and a diversified product catalog.
The consolidation of the aerospace supply chain is accelerating, driven by the need for resilience. For decades, the interiors market was fragmented, with numerous “Hidden Champions” like Schüschke dominating specific niches. However, the post-pandemic ramp-up has exposed the fragility of smaller suppliers. By rolling these companies up under the Jamco umbrella, Bain Capital is creating an entity with the balance sheet and operational scale to guarantee delivery to Airbus and Boeing.
Furthermore, the “premiumization” of air travel is driving demand for bespoke interiors. Schüschke’s reputation for high-finish, customizable washbasins aligns perfectly with Jamco’s push into premium business class seating. We anticipate that Jamco will leverage Schüschke’s design capabilities to offer more cohesive, high-end lavatory and galley packages to premium carriers, potentially bundling these with their “Venture” line of business class seats.
The complexity of cross-border M&A in the aerospace sector requires significant legal and financial oversight. The following advisors were listed in the transaction details:
When will the deal close? What is Schüschke’s main product? Who owned Schüschke previously? Does this affect Jamco’s relationship with Boeing?
Jamco Corporation Acquires Schüschke to Balance Boeing–Airbus Portfolio
Strategic Rationale: Bridging the OEM Divide
Technology and Product Synergies
Bain Capital’s “Buy-and-Build” Strategy
AirPro News Analysis
Transaction Advisors
Frequently Asked Questions
The transaction is expected to close in February 2026, subject to customary regulatory approvals.
Schüschke specializes in washbasins and lavatory fittings made from Varicor®, a proprietary solid-surface material known for its durability and lightweight properties.
The company was owned by Silver Investment Partners (SIP), an independent equity finance investor, which acquired the firm in December 2015.
There is no indication that this negatively impacts Jamco’s standing with Boeing. Rather, it balances the company’s portfolio, reducing risk by ensuring strong revenue streams from both major airframers.
Sources
Photo Credit: Jamco
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