GE Aerospace Stock Price, News & Analysis

GE Digital has secured a $28.7M contract with the Bahrain Electricity & Water Authority (EWA) to implement an advanced software solution aimed at modernizing the Kingdom's electricity and water networks. This project includes GE's Grid Software, ensuring improved efficiency and resilience across operations. The end-to-end solution will enhance asset utilization and customer service for approximately 740,000 users, aligning with Bahrain's economic vision for sustainable development.

GE Healthcare has launched the Definium Tempo, a new digital X-ray system aimed at assisting radiologists and technologists. This system enhances operational efficiency by automating workflow tasks, significantly reducing physical workload while allowing technologists more time with patients. Key features include Auto Positioning, Intelligent Workflow Suite, and Helix Image Processing 2.1, aimed at improving image quality and reducing errors. The system addresses common challenges faced by radiology departments, including high ‘repeat and reject’ rates, while promoting patient care.

GE has announced its agreement to acquire BK Medical for $1.45 billion, enhancing its Ultrasound business valued at $3 billion. This acquisition aims to expand GE Healthcare's offerings into surgical and therapeutic interventions, particularly in advanced surgical visualization. BK Medical, known for its intraoperative imaging solutions, recorded double-digit revenue growth and will leverage GE's technology to enhance its Active Imaging platform. The deal is expected to close in 2022, subject to regulatory approval.

GE Healthcare has unveiled the Revolution Ascend, featuring the Effortless Workflow AI suite designed to enhance CT exam efficiency by reducing clicks by 66%. With a new 75 cm wide-gantry, it accommodates a wider range of patients and speeds up exams by 21%. The system employs a deep neural network for TrueFidelity CT Images to provide superior clarity at low doses. The AI solutions automate tasks with impressive accuracy, improving patient care delivery while increasing operational efficiency.

GE Current has appointed DeFazio Industries as its newest agent to enhance its lamp and ballast offerings in Virginia. DeFazio, a rapidly growing representation firm established in 2016, will also focus on promoting Current's LED technology. Chip Taylor, Current’s Chief Commercial Officer, expressed confidence in DeFazio’s ability to expand their product reach, while Rick DeFazio highlighted the importance of the partnership. This collaboration aims to leverage DeFazio's extensive experience in the electrical supply industry to benefit both companies.

GE, Fraunhofer IGCV, and voxeljet AG have announced a partnership to develop the world's largest 3D printer for offshore wind applications, specifically for the GE Haliade-X turbine. This initiative aims to streamline the production of large turbine components, reducing mold production time from ten weeks to just two. Additionally, the project is expected to lower transportation costs and minimize the carbon footprint. The initial trials of this new technology are set to commence in Q1 2022, with early project launches anticipated in Q3 2021.

The Board of Directors of GE (NYSE: GE) has declared a $0.08 per share dividend on its outstanding common stock. This dividend will be payable on October 25, 2021 to shareholders of record at the close of business on September 27, 2021. The ex-dividend date is set for September 24, 2021.

GE has begun testing its second XA100 adaptive cycle engine as part of the U.S. Air Force’s Adaptive Engine Transition Program (AETP), starting August 26, 2021, at its facility in Evendale, Ohio. This prototype aims to advance technology maturation and risk reduction. GE's first XA100 engine tests began in December 2020. Innovations include a high-thrust mode and improved fuel efficiency, potentially reducing emissions by 25%. Over $4 billion has been invested in adaptive cycle engine development.

GE Healthcare has launched the AMX Navigate, a pioneering portable digital X-ray system. This innovative system features a power-assisted Free Motion telescoping column that reduces lift force by up to 70%, addressing the high incidence of musculoskeletal injuries among X-ray technologists. The Zero Click Exam solution enhances workflow efficiency by automating patient matching and protocol selection, potentially eliminating 100% of user interface clicks. Additionally, the system integrates AI for critical condition identification and image quality checks, streamlining the examination process for improved patient care.