GE clinches a deal to supply F110 engines for the U.S. Air Force's F-15 and F-16 aircraft.
On news of a new contract with a rock-steady arm of the U.S. government, investors loaded up on storied industrial company GE Aerospace (GE 2.60%) stock during Monday's trading session. The company's shares closed the day 2.5% higher, notching a convincing beat over the bellwether S&P 500's (^GSPC 0.64%) 0.6% increase.
GE Aerospace said on Friday it had secured a contract from the U.S. Air Force valued up to $1.8 billion.
GE Aerospace is the latest company to announce an investment in the U.S. economy under the Trump administration. GE said the funds are nearly double last year's commitment.
GE Aerospace said on Wednesday it would invest nearly $1 billion in its U.S. factories and supply chain in 2025, as it looks to increase the use of new parts and materials in its operations.
2024 was quite a year for Nelson Peltz's hedge fund, Trian Fund Management.
Air travel is a modern miracle, yet I have a love/hate relationship with it. While flying can be uncomfortable, the ability to cross continents in hours is astounding. The aerospace industry is booming, with strong demand and innovation driving growth. I've invested heavily in this sector, betting on its long-term potential. My portfolio focuses on companies with durable moats, strong growth, and dividend potential. Despite risks, I believe aerospace will remain a cornerstone of global connectivity and my investments.
A Redburn Atlantic analyst recently initiated coverage of GE Aerospace (GE 0.20%) with a buy recommendation and slapped a $250 price target on the stock.
The jet engine maker stands out for sustained earnings growthand good cash conversion, writes Olivier Brochet of Redburn Atlantic.
GE's measures to consistently reward shareholders through dividends and share buybacks hold promise.
GE Aerospace stock is expensive. Deutsche Bank explains why that's just fine.
India expects stable delivery of a domestically-made light combat aircraft powered by a GE engine in the upcoming fiscal year after a delay of nearly 12 months, a top government official said on Sunday.