GE Aerospace Stock Price, News & Analysis

GE Healthcare has launched Edison True PACS, a cloud-based Picture Archive and Communication System (PACS) aimed at addressing the acute shortage of radiologists and increasing demand for imaging scans. This innovative system enhances radiologist efficiency by incorporating AI-enabled tools for improved diagnostic accuracy and reduced errors. Currently available in the U.S., it offers a scalable and cost-effective solution, making advanced imaging technologies more accessible for small imaging centers and hospitals. The rollout is expected to expand to other regions in 2022.

GE Healthcare has forged a strategic collaboration with Amazon Web Services (AWS) to enhance AI and cloud-based imaging solutions. This initiative aims to transition healthcare providers from traditional models to decentralized, cloud-enabled systems, leveraging the high volume of imaging data currently underutilized. The partnership includes offering GE's Edison Health Services platform and imaging applications on AWS, enhancing clinical efficiency, and ultimately improving patient care. The initial product available will be the AI-enabled TruePACS solution, streamlining imaging processes and data management.

Malaysia Airlines has partnered with GE Digital to enhance its fuel efficiency program using GE Digital’s Fuel Insight and FlightPulse aviation software. This collaboration supports the airline's sustainability goals, which include a 15% improvement in fuel burn over the past eight years. The software aims to improve operational efficiency and reduce emissions by providing actionable intelligence to pilots and analysts. The implementation will leverage GE's Event Measurement System on Microsoft Azure, facilitating a data-driven approach to aviation.

NorthStar Medical Radioisotopes and GE Healthcare have signed an exclusive agreement for the manufacture and distribution of iodine-123 (I-123) capsules in the U.S. GE Healthcare will produce I-123 under NorthStar's label using advanced technology at its Arlington Heights facility. NorthStar will hold exclusive U.S. marketing rights for I-123 in 100µCi and 200µCi formulations. I-123 is vital for diagnosing thyroid abnormalities, including cancer, with approximately 44,280 U.S. cases expected in 2021. This partnership strengthens NorthStar's commitment to enhancing nuclear medicine.

GE Digital has partnered with Avelo Airlines to implement its Electronic Flight Operation Quality Assurance (eFOQA) solution, enhancing flight data monitoring for safety optimization. This collaboration aims to elevate operational efficiency and compliance with FAA safety programs. eFOQA Mainline, featuring over 10,000 analytics algorithms, provides actionable insights into flight safety while automating data processing, thereby reducing costs and time for airlines. The system is hosted on Microsoft Azure Cloud, ensuring security and scalability.

GE Aviation has been selected by Dassault Aviation to deliver the Primary and Secondary Electrical Power Distribution System for the new Falcon 10X aircraft. This next-gen system promises significant weight savings and enhanced flexibility for customer-specific configurations. GE will utilize its Electric Power Integration Center in Cheltenham, UK, for system testing and certification, aimed at minimizing development risks. The Falcon 10X is expected to enter service by the end of 2025, boasting a range of 7,500 nautical miles and a top speed of Mach 0.925.

GE Digital has launched the latest version of its Advanced Distribution Management Solution (ADMS), enhancing the management of electricity distribution grids. The updated software improves operational flexibility, outage response, and grid reliability through advanced algorithms and predictive analytics. Key features include improved Distribution Optimization, intuitive outage management, and real-time mobile operations, facilitating faster power restoration and effective communication between field crews and central operations. Notably, GE Digital's ADMS has been recognized as a leader in Navigant Research's ADMS Leaderboard.

Dell Technologies (NYSE: DELL) is partnering with GE (NYSE: GE) to enhance GE's IT infrastructure through the APEX as-a-Service model. This collaboration aims to streamline and scale IT operations across GE's 170 countries, driving automation and cost savings. The use of Dell's APEX Data Center Utility allows GE to adapt its resources to meet varying business demands, ensuring efficiency and predictability in expenses. The agreement supports GE's goal of simplifying its infrastructure while maintaining agility across diverse global operations.

GE Digital has announced that SAUDIA Airlines will implement its Aviation Software Asset Records solution. This contract enhances their partnership, focusing on operational efficiency and cost reduction. The cloud-based system enables airlines to manage maintenance records digitally, optimizing the transfer of assets between parties. SAUDIA expects benefits such as reduced management overhead and improved data accessibility. The solution also includes expert digitization services and integration with existing operational systems, facilitating a seamless transition to digital asset management.