GE Aerospace Stock Price, News & Analysis

GE Aerospace has secured an order for 210 T700 engines to power 96 Boeing AH-64E Apache Guardian helicopters for the Polish Armed Forces. This follows a cooperative agreement signed in August 2024 between GE Aerospace and the Polish Ministry of National Defense.

The agreement establishes that Military Aviation Works in Deblin (WZL-1) will provide licensed MRO support for T700 engines, while the Military University of Technology in Warsaw will manage training programs. This partnership will create high-value jobs in Poland and provide new areas of engine maintenance technology.

The T700/CT7 engine family has an impressive track record with over 25,000 engines delivered and 130 million total flight hours accumulated across 50 countries. In Europe alone, more than 1,300 T700/CT7 engines have been delivered or are on order for 20 European military customers.

GE Aerospace (NYSE: GE) announced that its Board of Directors has declared a regular quarterly dividend of $0.28 per share on the company's common stock. The dividend will be paid on January 27, 2025, to shareholders of record as of December 27, 2024. The ex-dividend date is set for December 27, 2024.

GE Aerospace and NASA are partnering on flight tests to advance understanding of contrails using new test methods and technologies. The Contrail Optical Depth Experiment (CODEX) will be conducted from Virginia starting November 18, using NASA's G-III aircraft to follow GE's Flying Test Bed and scan aircraft wake with LiDAR technology. The partnership aims to better characterize contrail formation and behavior, supporting industry research to reduce non-CO2 emissions. The tests will also provide insights for GE's future engine technologies, including the CFM RISE program, which targets over 20% better fuel efficiency and lower CO2 emissions compared to current commercial engines.

GE Aerospace (NYSE: GE) has announced a regular quarterly dividend of $0.28 per share on its outstanding common stock. The dividend will be payable on October 25, 2024, to shareholders of record at the close of business on September 26, 2024. This date also marks the ex-dividend date for the New York Stock Exchange. The declaration of this dividend by the Board of Directors demonstrates GE Aerospace's commitment to providing returns to its shareholders and may indicate confidence in the company's financial stability and future prospects.

GE Aerospace has secured an order from EVA Air for GEnx engines to power their newly acquired Boeing 787-10 Dreamliner aircraft. This follows EVA's recent purchase of four 787-10s. The GEnx engine family has accumulated over 56 million flight hours since 2011 and is GE Aerospace's fastest-selling high-thrust engine, with nearly 3,000 engines in service or on backlog.

EVA currently operates 15 GEnx-powered Boeing 787s and praises their fuel efficiency and reliability. The GEnx-1B engine powers two-thirds of all 787 aircraft in operation. It features advanced materials and design techniques, can operate on approved Sustainable Aviation Fuel (SAF) blends, and offers reduced weight, enhanced performance, and decreased maintenance requirements.

GE Aerospace has secured an order from American Airlines for 180 CF34-8E engines plus spares to power 90 new Embraer 175 regional jets. This deal reinforces the long-standing partnership between the two companies and highlights GE's success in providing industry-leading products and services. The CF34 engine line has a strong presence in the market, with over 7,500 engines in service across more than 900 operators globally.

The CF34-8E model has accumulated over 40 million flight hours and 29 million cycles since its introduction in 2004. The entire CF34 engine line boasts an impressive dispatch reliability rate of 99.97%. Additionally, all CF34 engines can operate on approved SAF fuel blends, aligning with sustainability efforts in the aviation industry.

GE Aerospace has secured a significant order from International Airlines Group (IAG) for GEnx engines to power six new 787 Dreamliners for British Airways. This marks the first introduction of the GEnx engine into British Airways' fleet. The GEnx-1B engine, which powers two-thirds of 787 aircraft in service, offers a 1.4% fuel burn savings compared to competitors and can operate on approved Sustainable Aviation Fuel (SAF) blends.

The GEnx engine family has accumulated over 56 million flight hours since 2011 and is GE Aerospace's fastest-selling high-thrust engine, with nearly 3,000 engines in service and on backlog. This order reinforces the strong relationship between GE Aerospace and British Airways, which already operates aircraft powered by GE90, CF34, and LEAP engines.

GE Aerospace has secured an order from Japan Airlines for GEnx-1B engines to power up to 20 new Boeing 787-9 Dreamliner aircraft. This deal strengthens the long-standing relationship between the two companies, with Japan Airlines being the launch customer for the GEnx engine. The GEnx engine family has achieved over 56 million flight hours since 2011 and is GE Aerospace's fastest-selling high-thrust engine, with nearly 3,000 engines in service and on backlog.

The GEnx-1B powers two out of every three 787 aircraft in service and can operate on approved Sustainable Aviation Fuel (SAF) blends. Japan Airlines and its subsidiary currently operate a fleet of 53 Boeing 787s powered by GEnx engines, reaching 3 million engine flight hours in early 2024.

GE Aerospace (NYSE: GE) and the U.S. Department of Energy's Oak Ridge National Laboratory have signed a new Cooperative Research & Development Agreement (CRADA) to expand supercomputing capabilities for designing next-generation aircraft engine technologies, particularly the Open Fan architecture. This collaboration leverages Oak Ridge's Frontier supercomputer, the world's fastest, to enhance GE Aerospace's computational modeling and simulation capabilities.

The partnership aims to accelerate engine design and testing, focusing on the CFM RISE program, which targets a 20% reduction in fuel consumption and CO2 emissions compared to current engines. GE Aerospace has already conducted simulations on Frontier, analyzing aerodynamic and acoustic performance of full-scale Open Fan designs. This advanced computing power enables engineers to evaluate new technologies at flight scale during the design phase, potentially revolutionizing the future of flight.