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Scott Mikas

Research Analyst at Melius Research LLC

Scott Mikus is Director of Aerospace, Defense and Space Research at Melius Research, focusing on in-depth equity coverage of major companies such as General Electric (GE Aerospace) and key players within the aerospace and defense sectors. He is recognized for providing detailed industry insights on earnings calls and sector developments, though verified performance metrics such as TipRanks rankings or realized returns are not publicly available. Mikus began his finance career as an investment accountant at BNY Mellon before moving to Credit Suisse as an equity research associate and joining Melius Research in his current role, leveraging a strong academic background from the University of Pittsburgh where he graduated cum laude in Accounting & Finance and received the AICPA’s Elijah Watt Sells Award. While industry credentials and licensing details are not disclosed in available sources, his career progression is marked by continuous advancement across leading financial institutions.

Scott Mikas's questions to GENERAL ELECTRIC (GE) leadership

Question · Q3 2025

Scott Mikas questioned whether commercial aftermarket revenue growth, which has reaccelerated despite decelerating ASK growth, indicates a structural decoupling from flight activity or is primarily driven by factors like heavier work scopes, improved throughput, and FLIGHT DECK productivity.

Answer

Rahul Ghai, CFO, clarified that the disconnect between demand outlook and departures growth is primarily due to pent-up demand, with worldwide shop visits still below 2019 levels. He also cited increased work scopes on widebody engines (GE90, GEnx), the significant growth of the external LEAP channel (up 2x in Q3, projected 30% by 2030), and annual price increases as fundamental drivers for the sustained demand increase.

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