GE · CIK 40545
What General Electric Company (GE Aerospace) told the SEC could break it.
GE Aerospace's economics rest on its aftermarket: services represent roughly 70% of revenue, anchored to an installed base of about 50,000 commercial and 30,000 military engines, so its results hinge on continued utilization of and service demand for that fleet. Building and supporting those engines depends on a complex global supply chain spanning many countries for raw materials, commodities, components, parts and MRO services, where it relies on suppliers to meet quality and delivery requirements. That supply chain sits in a dynamic tariff environment — in late 2025 the U.S. established a zero-for-zero aerospace-equipment tariff agreement with the EU, UK, Japan and Korea, but GE continues to mitigate remaining tariff impact through cost control and pricing.
3 self-disclosed vulnerabilities, pulled from its own filings, each in the company’s words, with the source. This is the risk register almost nobody reads.
In its own words
What could break it.
Customer concentration
- aftermarket services ~70% of revenue (installed base ~50,000 commercial + 30,000 military engines)medium
GE Aerospace's aftermarket services business represents approximately 70% of revenue, anchored to an installed base of ~50,000 commercial and 30,000 military engines — heavy dependence on continued utilization of and service demand for that fleet.
“The Company's installed base of approximately 50,000 commercial and 30,000 military engines, including parked aircraft in addition to fleet in service, supports our aftermarket services business, which represents approximately 70% of revenue, reflecting the strength of customer demand across our business.”
SEC filing →As of 2026
Regulatory & policy
- dynamic aerospace tariff environment (US zero-for-zero deal with EU/UK/Japan/Korea)medium
Tariffs add cost for GE and its suppliers in a highly dynamic environment; in late 2025 the U.S. established a zero-for-zero aerospace-equipment tariff agreement with the EU, UK, Japan and Korea, but GE continues to mitigate remaining tariff impact via cost control and pricing and monitors related U.S. Supreme Court rulings.
“In late 2025, the U.S. established a zero-for-zero tariff agreement on aerospace equipment with the EU, UK, Japan and Korea, establishing a mutual elimination of tariffs.”
Supplier concentration
- complex global supply chain for raw materials, components, parts, MRO servicesmedium
GE Aerospace depends on a complex global supply chain spanning many countries for raw materials, commodities, components, parts and MRO services, relying on suppliers and partners to meet quality, performance and delivery requirements.
“We rely on a global supply chain for a wide range of raw materials, commodities, components, parts, MRO services and other indirect spend. Our supply chain is complex and extends into many different countries and regions around the world.”
SEC filing →As of 2026
The hidden graph
Who it depends on, and who depends on it.
Relationships surfaced from filings, including ones disclosed by the other side, which is how the non-obvious ones come to light.
Its customers
“Our engine portfolio primarily consists of noise-compliant Stage IV commercial jet engines manufactured by CFMI, General Electric, Pratt & Whitney”
Cited →“Among the suppliers PMT supports are Amperex, CDE, CPI, Draloric, Eimac, General Electric, Hitachi, Jennings, L3, MACOM, National, NJRC, Ohmite, Qorvo, Thales, Toshiba and Vishay.”
Cited →Kratos Defense & Security Solutions, Inc.
“the joint venture with Rafael and the new turbofan production facility in Oklahoma related to our arrangement with GE Aerospace are expected to begin to ramp up during 2026.”
Cited →
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