GE Aerospace has announced a strategic plan to counteract the impact of tariffs while keeping its financial outlook steady. The aircraft engine manufacturer aims to save $500 million through streamlining operations and seeking tariff refunds on imported components used for exports. The company is also considering price increases and further cost reductions.
Despite these measures, GE Aerospace has not altered its annual financial forecast. However, this forecast does not account for potential economic recessions, any new tariffs, or possible production slowdowns from major aerospace companies like Boeing and Airbus.
