Travel recovery boosts jet engine units at GE and Raytheon
Publishing timestamp: 2023-04-25 10:34:36
Summary
Sales and repairs at the aircraft engine units of General Electric and Raytheon have increased due to the recovery in air travel and the push by Boeing and Airbus to increase their production rates of new planes. Both companies reported higher revenue from repair shop visits and spare parts businesses. This improvement comes as Boeing plans to detail its plans for aircraft output and deliveries to airlines for the year.
Sentiment: NEUTRAL
Keywords: airlines, economy, transportation, business, aerospace and defense industry, business news, life, general electric co, markets, boeing co, breaking news: business, raytheon technologies corp, earnings, travel,
Source: https://www.cnbc.com/2023/04/25/travel-recovery-boosts-jet-engine-units-at-ge-and-raytheon.html