Welcome to our dedicated page for GE Aerospace news (Ticker: GE), a resource for investors and traders seeking the latest updates and insights on GE Aerospace stock.
GE Aerospace (NYSE: GE) drives innovation in aerospace propulsion through advanced jet engine technology and comprehensive lifecycle services. This news hub provides investors and industry professionals with essential updates on operational milestones, financial performance, and strategic developments shaping the future of flight.
Access timely press releases and analysis covering earnings reports, defense sector contracts, commercial aviation partnerships, and technological breakthroughs. Our curated collection highlights critical updates on engine certification programs, maintenance network expansions, and sustainability initiatives within the aerospace sector.
Discover updates on GE Aerospace's industry-leading CFM International joint venture, additive manufacturing advancements, and digital simulation capabilities that enhance engine efficiency. Track developments in military propulsion systems and commercial aviation solutions powering global fleets.
Bookmark this page for structured access to verified information about GE's aerospace operations, designed to support data-driven decision-making for stakeholders. Regularly updated content ensures you stay informed about this industrial leader's role in advancing modern aviation technologies.
GE has successfully completed testing on its second XA100 adaptive cycle engine in partnership with the U.S. Air Force at the Arnold Engineering Development Complex. This marks the final major milestone of the Air Force's Adaptive Engine Transition Program, initiated in 2016. The XA100 engine delivers significant improvements, including over 10% more thrust, 25% better fuel efficiency, and enhanced thermal management. GE is poised to transition to an Engineering and Manufacturing Development program, aiming to equip the F-35 with this advanced engine by the decade's end.
GE HealthCare is preparing for its transformation into a standalone public company following its spin-off from GE. This move is scheduled to be completed in the first week of January 2023. The newly formed Board of Directors boasts a mix of industry veterans, including Peter Arduini as CEO, who bring extensive expertise in healthcare innovation and management. An investor day is set for December 8, 2022, in New York, NY, to discuss the company's future direction. This strategic shift aims to enhance precision health innovation and patient care.
The Board of Directors of GE has declared a $0.08 per share dividend on outstanding common stock. This dividend will be payable on October 25, 2022, to shareholders of record as of the close of business on September 27, 2022. The ex-dividend date is September 26, 2022.
For over 125 years, GE has been a leader in industrial innovation, focusing on efficient and safe operations worldwide.
GE Aviation has inaugurated an $8 million Asia-Pacific Service Centre at Brisbane Airport, aimed at enhancing maintenance, repair, and overhaul services for customers in the Asia-Pacific region. This state-of-the-art facility will be the largest GE Aviation service center in the area, providing support for various aircraft systems, including those used by the Royal Australian Air Force. The center is expected to employ over 80 individuals and significantly contribute to the local economy while strengthening GE Aviation's service network in the region.
The European Commission's LIFE program has awarded GE Renewable Energy €3 million to develop a 245 kV g³ gas-insulated substation. This initiative, aimed at reducing greenhouse gas emissions, is part of GE's commitment to deliver SF₆-free technology, compliant with stricter EU regulations targeting a two-thirds reduction in F-gas emissions by 2030. Over 30 electrical utilities are adopting GE's g³ products, contributing to a potential decrease of over one million tons of CO₂ equivalent emissions annually. The new substation will support urban and offshore projects, enhancing the electric grid's sustainability.
Hyliion Holdings Corp (NYSE: HYLN) announced its acquisition of the KARNO hydrogen and fuel agnostic generator from GE Additive for approximately $37 million, comprising $15 million in cash and $22 million in stock. The KARNO generator is poised to enhance efficiency by over 20% compared to conventional generators and can operate on more than 20 fuels, including hydrogen. Expected to meet stringent emissions standards, this technology will be integrated into Hyliion's Hypertruck powertrain platform, advancing its mission in clean energy solutions for Class 8 trucks.
GE Renewable Energy's Grid Solutions business will unveil new technologies at CIGRE Session 2022, focusing on grid modernization, decarbonization, digitization, and electrification. The highlight includes the world's first SF6-free g3 circuit-breaker for 420 kV gas-insulated substations. GE emphasizes its commitment to advanced hardware and digital solutions to create efficient, resilient, and sustainable grids. Chief Technology Officer Vera Silva stated the global energy sector is undergoing a transformation, prompting innovative approaches to meet new challenges.
GE Digital announced that Ignitis Gamyba, Lithuania's largest power producer, will implement its OPM Production Planning solution. This software aims to minimize uncertainty, enhance power generation reliability, and reduce operational costs. By automating data transmission, the solution is expected to improve forecasting accuracy and planning efficiency. Ignitis Gamyba seeks to maximize electricity sales and reduce imbalances while ensuring stable power supply. CEO Rimgaudas Kalvaitis highlighted the software's potential to optimize production capacity and enhance shareholder benefits.
On August 9, 2022, GE Healthcare announced the launch of the Edison Accelerator in Canada, collaborating with Nex Cubed. This program supports six innovative digital health start-ups from five countries focused on leveraging AI to enhance medical imaging and healthcare delivery. The selected companies aim to address critical healthcare challenges and improve care efficiency. Over the next three months, these start-ups will integrate their solutions into the Edison Digital Health Platform, ultimately participating in an Innovation Showcase to connect with potential investors and partners.
GE Healthcare has launched the Definium 656 HD, its most advanced fixed X-ray system. This system aims to enhance workflow efficiency for radiology departments by reducing physical workload and improving imaging consistency. Key features include 5-axis motorization, auto-positioning, and AI-driven image processing to minimize errors. X-ray imaging, which accounts for 60% of all imaging studies, faces challenges such as high ‘repeat and reject’ rates. The Definium 656 HD is designed to address these issues and enhance patient care through improved technology.
FAQ
What is the current stock price of GE Aerospace (GE)?
What is the market cap of GE Aerospace (GE)?
