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 (GE) generates news that moves markets, from multi-billion-dollar engine contracts with global airlines to defense program awards from the Pentagon. As one of the world's two largest commercial jet engine manufacturers, the company's announcements carry weight across the aviation and defense sectors.
Engine selection decisions shape decades of airline operating costs, making GE's contract wins and losses significant events. When carriers like Emirates, Cathay Pacific, or Korean Air commit to GE engines for new aircraft orders, these deals lock in years of aftermarket service revenue. The news flow reflects this dynamic, with contract announcements, engine certifications, and partnership developments appearing regularly.
The defense side of GE Aerospace generates its own news cycle. Military engine programs, including propulsion systems for helicopters and fighter aircraft, involve contract awards, flight testing milestones, and international customer announcements. These defense stories appeal to investors tracking government spending trends and geopolitical developments.
CFM International, GE's joint venture with Safran, produces the LEAP engines powering the world's most popular narrow-body jets. CFM developments appear alongside GE Aerospace news, covering production rates, new airline customers, and technological advances in fuel efficiency.
Investors monitoring GE stock benefit from tracking the full spectrum of aerospace news: commercial engine orders, defense program progress, shareholder returns through dividends and buybacks, and strategic moves in propulsion technology. Bookmark this page for access to GE Aerospace news as developments unfold.
Singapore Airlines (SIA) has placed an order for an additional 22 GE9X engines valued at $2.8 billion to power its Boeing 777-9 fleet. This order accompanies a 12-year GE TrueChoice™ services contract. With a total of 31 Boeing 777-9 aircraft on order, SIA is set to be the first airline in the Asia Pacific to operate this model. The GE9X engine boasts the highest pressure ratio of any commercial aircraft engine and is designed to operate efficiently with reduced emissions.
GE Healthcare has received approval from the European Medicines Agency for the use of its stress agent Rapiscan in additional imaging modalities. Previously used in SPECT MPI for adults, Rapiscan is now also approved for Magnetic Resonance Imaging (MRI), Computed Tomography (CT), and Positron Emission Tomography (PET). This approval allows Rapiscan to aid in diagnosing coronary artery disease in patients unable to exercise, enhancing diagnostic capabilities and patient experience.
The Board of Directors of GE has declared a $0.08 per share dividend on its outstanding common stock, payable on April 25, 2022. Shareholders of record as of March 8, 2022 will receive this dividend, with the ex-dividend date set for March 7, 2022.
This decision reflects the company's ongoing commitment to returning value to its shareholders while maintaining financial stability in the competitive industrial sector.
GE has signed an exclusive agreement with EDF for the acquisition of part of GE Steam Power's nuclear activities, enhancing EDF's position in the French nuclear sector. The transaction includes GE’s Arabelle steam turbines and related services, aiming to bolster nuclear power capabilities. GE retains its services-focused Steam Power business in the Americas and charges ahead with next-gen technology investments. The move is expected to close in the first half of 2023, pending regulatory approvals, but financial terms were not disclosed.
Qatar Airways has placed a significant order with GE for up to 50 Boeing 777-8 Freighters, which includes 30 GE9X engines and four GE90-115B engines. The total order value exceeds $6.8 billion, encompassing spare engines and GE TrueChoice™ services for maintenance and overhaul. This partnership underlines Qatar Airways' commitment to expanding its cargo operations while focusing on sustainability. The GE9X engine is touted as the most powerful and fuel-efficient turbofan, designed to lower emissions and support the airline’s green initiatives.
GE Aviation has partnered with SmartSky Networks and Mosaic ATM to advance Flight Management Systems (FMS) for Advanced Air Mobility (AAM) under a NASA Innovation Award. This collaboration aims to connect airborne and cloud-based FMS, improving airspace management and safety. TrueCourse, GE's new FMS, will enhance real-time data inputs and processing, contributing to efficient air traffic management and environmental sustainability. The initiative is set to facilitate the introduction of more aircraft into the airspace in the coming years.
GE has appointed Scott Reese as the new CEO of GE Digital, effective February 22, 2022, succeeding Patrick Byrne. Reese, previously with Autodesk, brings extensive experience in product development and growth strategies. His leadership is expected to enhance GE Digital's role in the upcoming energy company spin-off planned for 2024. Scott Strazik, CEO of GE's global energy business, expressed confidence in Reese's capabilities to drive digital transformation and decarbonization initiatives.
GE Digital has announced its acquisition of Opus One Solutions Energy Corporation, enhancing its ability to optimize energy planning and market management for electric utilities. This merger combines GE's century of innovation with Opus One's advanced GridOS® technology, aimed at facilitating the integration of renewable energy and Distributed Energy Resources (DERs) across the grid. The transaction is set to close within 30 days, allowing utilities to better manage and trade renewables, thereby supporting a sustainable energy future.
GE (NYSE:GE) has completed the acquisition of BK Medical for
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