Polen Capital Management, LLC - Focus Growth Composite on GE Aerospace

Polen views GE Aerospace as one of the highest-quality industrial businesses in the world after its separation from the former GE conglomerate. The company holds a dominant position in commercial jet engines, supported by an installed base of roughly 50,000 engines and a backlog of about $190 billion. Approximately 75% of commercial segment revenue comes from servicing existing engines, creating a durable and high-margin recurring stream tied to long-lived assets. Aircraft shortages are extending fleet lives and supporting aftermarket service demand, while long-term air-travel growth should provide additional revenue growth and operating leverage.