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.
GE has announced tender offers to purchase up to $7 billion, $7.5 billion, and $8.5 billion of various outstanding securities to lower its debt. This move is funded by the recent completion of the AerCap GECAS transaction, aiming for a total gross debt reduction of over $75 billion since 2018. The tender offers are set to commence on November 10, 2021, and will conclude on December 9, 2021. Participation includes early and late tender considerations along with accrued interest. The company remains focused on reducing leverage in alignment with its strategic financial goals.
Florida Power & Light and GE Digital have inaugurated the Microgrid Control Lab at the University of Central Florida. This advanced facility aims to provide engineering students with hands-on experience in grid control operations, emphasizing the importance of renewable energy sources for grid stability. The lab will support over 1,400 students in electrical or computer engineering, enhancing their skills for future careers in the energy sector. GE Digital also announced a new internship program to prepare students for roles in utilities and power sectors.
GE plans to spin off its Healthcare and Renewable Energy businesses, creating three independent public companies focused on aviation, healthcare, and energy. The Healthcare spin-off is expected to occur in early 2023, retaining a 19.9% stake, while the Renewable Energy and Power spin-off will follow in early 2024. GE aims for high-single-digit free cash flow margins in 2023 and significant debt reduction using proceeds from recent transactions. The plan is designed to enhance operational focus and create long-term value for investors.
GE announced the completion of its strategic combination of GE Capital Aviation Services (GECAS) with AerCap Holdings. This deal positions GE as a simpler, stronger industrial company, reducing its debt by approximately $75 billion since 2018. GE received more than $30 billion upon closing, including $23 billion in net cash and a 46% stake in AerCap valued at about $6.6 billion. CEO H. Lawrence Culp emphasized this as a debt management strategy with potential for equity growth in the recovering aviation sector.
AerCap has successfully completed its acquisition of GE Capital Aviation Services (GECAS) from General Electric for approximately $23 billion in cash and newly issued shares. The deal positions AerCap as a dominant player in the aviation leasing industry, with a combined portfolio of over 2,000 aircraft, 900 engines, and 300 helicopters. General Electric now holds around 46% of AerCap's shares. This strategic acquisition is expected to enhance customer solutions and drive significant value for stakeholders as air travel demand increases post-pandemic.
GE (NYSE-GE) has secured $3.7 million in funding from the U.S. Department of Energy’s ARPA-E to advance two projects aimed at decarbonizing the U.S. electrical grid. The first $2.3 million will enhance GE's g³ gas technology, reducing reliance on sulfur hexafluoride (SF₆), a potent greenhouse gas. The second $1.4 million supports a lifecycle management project for g³ products, focusing on monitoring gas leakages. This initiative aligns with U.S. goals for net-zero emissions by 2050, projecting significant reductions in CO₂-equivalent emissions.
GE Healthcare showcased over 15 innovative multi-modality radiation therapy solutions at ASTRO 2021, aimed at enhancing patient-centered care and advancing precision medicine.
Key developments include the Vysioneer VBrain for auto-contouring brain tumors, Spectronic Medical's AI integration for CT-MR imaging, and the Discovery MI Gen 2 with high sensitivity for imaging. GE Healthcare's advancements focus on providing clinicians with precise and efficient tools for improved cancer treatment outcomes. The event occurred from October 24-27, 2021.
AerCap Holdings N.V. (NYSE: AER) announced the pricing of $21 billion in senior notes via its wholly-owned subsidiaries. The offering includes various notes with interest rates ranging from 1.15% to 3.85% and maturities from 2023 to 2041. The proceeds will primarily fund the acquisition of GE Capital Aviation Services from General Electric (NYSE: GE) and cover related expenses. Citigroup and Goldman Sachs are joint coordinators for this public offering, with the registration statement effective since October 19, 2021.
GE Digital has partnered with FLAPZ, an aviation marketplace in Colombia, to enhance safety standards in business and general aviation across Latin America. This collaboration will leverage GE Digital’s Safety Insight for Business Jets, a C-FOQA solution, to improve safety procedures for operators in FLAPZ’s consortium. The initiative aims to promote both the accessibility of private flights and the implementation of international safety standards, aligning with the growing demand for safe and efficient private aviation in the region.
FAQ
What is the current stock price of GE Aerospace (GE)?
What is the market cap of GE Aerospace (GE)?
