General Electric (GE) — service annuity, read against the 10-Q

General Electricreason 01 of 4it gets paid again without selling againderived 2026-09-11accession 0000040545-26-000049

Installed base of approximately 50,000 commercial and 30,000 military engines supports aftermarket services business representing approximately 70% of revenue

Services revenue increased due to increased internal shop visit volume and workscopes, higher spare parts volume and pricing

Internal shop visit revenue growth of 30% in the first half of 2026

the finding

The description of RPO growth drivers changed from citing contract modifications and engines entering service to citing commercial actions and increases to existing long-term service agreements, relevant to the services backlog.

The report says this changed. It does not say whether that is good or bad, so neither do we.

before · MD&A · 2026-03-31 → 2026-06-30

“as a result of contract modifications and engines contracted under long-term service agreements that have now been put into service”