By Sharon Terlep

GE Aerospace laid out a plan to offset tariffs Tuesday, while keeping its financial outlook unchanged, with some caveats.

The jet engine maker said it aims to save $500 million by streamlining operations and seeking refunds for duties it pays on imported parts that are later exported. The company said it also may raise prices and look for additional cost reductions.

Because of these actions, GE didn't change its financial guidance for the year. But GE's financial predictions don't factor in a possible recession, any tariffs not already announced, or potential production slowdowns by aerospace companies such as Boeing and Airbus.

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April 22, 2025 06:55 ET (10:55 GMT)

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