Remaining performance obligation (RPO) increased by $5.8 billion (4%) from December 31, 2023, to $159.8 billion, primarily due to engines contracted under long-term service agreements and equipment orders outpacing revenues at Commercial Engines & Services.

The company is focusing on increasing internal shop visit output and investing in manufacturing and overhaul facilities. They are also working with suppliers to improve material input and managing inflation through cost productivity and pricing adjustments.

The company is committed to investing in technologies for sustainable flight, including hybrid electric systems and alternative fuels, with the development of a hybrid electric demonstrator engine with NASA.

Global material availability and supplier delivery performance continue to cause disruptions and impact production and delivery of equipment to customers. The company is investing in its supply chain to improve support for customers.

The company is leveraging its FLIGHT DECK lean operating model and partnering with suppliers to improve material input and proactively manage the impact of inflation by driving cost productivity and adjusting the pricing of products and services.

Approximately 13,000 commercial engines are under long-term service agreements, which will support recurring, profitable services growth for the future. This is a key strategy for generating long-term profitable growth and higher cash flow.

The company continues to face disruptions due to global material availability and supplier delivery performance, impacting production and delivery of equipment to customers. This is an ongoing risk factor that could affect future performance.

The company expects the impact of inflation to continue and is taking action to mitigate the impact by driving cost productivity and adjusting the pricing of products and services. This indicates an ongoing risk related to cost pressures.

The company is obligated to provide credit support for GE Vernova, with an estimated RPO of $29 billion, and faces contractual restrictions and requirements while obligated. This represents a financial risk.

The company's results reflect robust demand for commercial air travel, with global commercial departures growing 9% in the first six months of 2024. This indicates a strong market position in the commercial aviation sector.

The defense segment is seeing growth due to government defense departments' focus on modernizing and scaling their forces. This indicates a strong competitive position in the defense sector.

CFM International's Revolutionary Innovation for Sustainable Engines (RISE) program, a suite of pioneering technologies, is positioning the company for future growth and competitiveness in the engine market.

Internal shop visit output grew in the second quarter of 2024 compared to the second quarter of 2023, indicating improved operational efficiency in the services business.

The company is leveraging FLIGHT DECK and partnering with suppliers to improve material input and proactively managing the impact of inflationary pressure by driving cost productivity, indicating a focus on operational efficiency.

The company is investing in its manufacturing facilities, overhaul facilities and supply chain to increase production and strengthen yield, indicating a focus on improving operational efficiency.

The company remains committed to investing in developing and maturing technologies that enable a more sustainable future of flight, including hybrid electric systems and alternative fuels.

The company is developing a hybrid electric demonstrator engine with NASA, embedding generators in a turbofan engine, indicating a focus on technological advancement and innovation.

The company is focused on advanced engine development research, classified programs and product procurement and maintenance in other engine lines, indicating a commitment to innovation in the defense sector.

The Board of Directors authorized the repurchase of up to $15 billion of common stock, replacing the prior $3 billion authorization, indicating a commitment to returning value to shareholders.

The company repurchased 11.7 million shares for $1.9 billion during the three months ended June 30, 2024, under the new authorization, demonstrating active capital allocation.

The company is committed to maintaining strong investment grade ratings with a disciplined capital allocation strategy, focusing on future growth, innovation, and returning a majority of free cash flow to shareholders.

The company is committed to investing in technologies for sustainable flight, including hybrid electric systems and alternative fuels, indicating a focus on environmental sustainability.

Avio Aero is a strategic partner in Europe supporting development of indigenous, classified engine technology and a core member of Clean Aviation, contributing to the European Union sustainability roadmap.

The company is developing technologies that enable a more sustainable future of flight, including alternative fuels, indicating a commitment to reducing emissions.

The company's results reflect robust demand for commercial air travel, with global commercial departures growing 9% during the first six months of 2024. This indicates a favorable market environment for the company's commercial aviation business.

The company is seeing growth in the defense sector due to government defense departments' focus on modernizing and scaling their forces, indicating a favorable market environment for the company's defense business.

The company is evaluating the impact of new accounting standards related to segment reporting and income tax disclosures, which could affect future financial reporting.