About H. Culp
Larry Culp, chairman and CEO of GE Aerospace, has described strong demand in the aviation sector and the company's focus on increasing production and services. In a June 2026 interview, Culp stated that the company had seen "nothing but a continuation of the strength" from the first quarter, citing spare parts orders up 30% in Q1 and LEAP engine deliveries up over 60%. He said the company had shifted from a "winning the war" framework to "deep technical collaborative problem solving" with suppliers to address supply chain constraints. Culp also emphasized the need to invest in 2026 for a next-generation narrowbody engine, which he said may be ten to fifteen years away, and that the company believes an "open fan architecture" will improve durability and efficiency.
On earnings calls in 2025 and 2026, Culp addressed the impact of tariffs and geopolitical uncertainty. In the Q1 2025 call, he said the company supported the administration's efforts to revitalize U.S. manufacturing but noted that "heightened tariffs will result in additional costs," which the company expected to reduce to roughly $500 million through measures like duty drawbacks and foreign trade zones. In the Q1 2026 call, Culp said the company was reducing its full-year departures outlook from mid-single-digit growth to flat or low single-digit growth, citing a low double-digit decline in the Middle East. He stated that the company was "being conservative and cautious" for the second half of the year due to unknowns, but that order trends were holding and the company was not seeing "disruptive behavior on part of the customers."
Source: AI-verified profile updated from H. Culp's recent appearances.
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✨ AI-enhanced transcript with speaker attribution
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Morgan0:00
Scott, thank you, and Larry Culp, thanks for being with us today. As you wrap up the presentations from Investor Day this morning, I want to jump right into it. You reiterated guidance for 2022. I mean, we've seen so many macro uncertainties, whether it's supply chain, whether it's inflation, whether it's geopolitics. What gives you confidence to maintain that?
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H. Culp0:20
Morgan, good afternoon and thanks for having me. We've had a great day so far with nearly 50 investors with us here in Greenville, South Carolina. We did reaffirm our guidance for the full year, the guidance we issued in late January. Our confidence, Morgan, is really born of the fact that this team is a resilient team. We've got a lot of momentum, both in terms of our core operations. We've got investors out right now visiting two of our plants to see our lean transformation in action. And by the same token, we've got tremendous tailwinds in a number of our businesses, particularly in aviation, where we increased our outlook for our aftermarket business this year. We know we've got supply chain issues to work through in healthcare, but we're doing that. So we certainly could do without the headlines of the last couple of weeks, but over the last two years, this team has built a lot of capability, certainly demonstrated an abundance of resilience. We think that continues through the course of 2022 given what we know today.
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Morgan1:19
Yeah, I want to dig into that a little bit more, but first, given the fact that we have had these headlines in the last couple of weeks, this conflict that's playing out in Eastern Europe right now, how is it impacting the GE portfolio? Since in addition to having operations in the region, and I know some of those operations in Russia specifically were frozen or halted earlier this week by the company. On the one hand, you have a very significant defense book; on the other hand, you also have this commercial aviation business that could potentially be impacted by supply availability or high fuel prices. How are you navigating that?
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H. Culp1:52
Morgan, what we shared with our guests today is that first and foremost, we stand, and we stand proudly with Ukrainian people at a moment of great duress given these unrelenting attacks. We also underscored the importance of the safety of our team both in Ukraine and in Russia and throughout the region. We're doing all we can to support them. We have taken two definitive actions: one, the suspension of most of our activity in Russia, the major exception there being our healthcare business, which is, of course, serving the greater population. We've also indicated that we're donating four and a half million dollars of critical care capabilities to help those under pressure in Ukraine. But as we look forward, it's really too early to tell with respect to how this is all going to play out. We indicated that GE, like so many companies, are facing increased uncertainty given what's happened over the last several weeks. We don't have a better crystal ball than anyone else. But we do think that as we work forward, as we learn more, as knock-on effects become more certain, we'll certainly share that with the market. But today was not the day for us to do that.
