Investor Presentaiton
Threat environment driving strong budgets
US Department of Defense budget-a)
LSD CAGR anticipated
in President's Budget 2024+
GE Aerospace
International defense budget-b)
LSD CAGR
+9.8% in 2023
744
817
2022
2023E
2024F
2025F
Great power competition ... U.S. is focused on the threat
of China regionally & globally
• Modernization ... maintaining superiority through new
technology
•
Readiness... upgrades to improve existing fleet capabilities
•
2019
2020
2021
2022 2023E 2024F 2025F
NATO & allies driving a reassessment of force structure
• Increased demand for U.S. export fighters & rotorcraft
• International indigenous capability an increasing priority
Defense departments focused on modernizing & scaling their forces
(a
Source: U.S. Dept of Defense, GE internal forecast
(b - Source: Aviation Week forecast + internal company estimate; addressable market for GE
2023 GE INVESTOR CONFERENCE 50View entire presentation