GE Aerospace CEO sees supply chain improvements despite tariff hit
CEO Larry Culp also told the Bernstein Strategic Decisions conference that the engine maker pledged to be “completely in sync” with customer Boeing, as the U.S. planemaker gradually grows production of its strong-selling 737 MAX to a monthly rate of 38 and possibly above this year. GE Aerospace, however, is still expecting a hit of more than $500 million from tariffs due to a U.S.-led trade war. GE Aerospace holds a strong position in the narrowbody jet engine market through its partnership with France's Safran that produces the LEAP engine used by both Boeing and European planemaker Airbus .
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