GE Aerospace Stock Price, News & Analysis

GE Healthcare has announced the acquisition of Zionexa, a company specializing in in-vivo oncology and neurology biomarkers, aiming to enhance personalized healthcare. The acquisition focuses on the development of Zionexa’s pipeline biomarkers and the FDA-approved PET imaging agent, Cerianna, which aids in detecting estrogen receptor-positive lesions in patients with metastatic breast cancer. GE plans to expand Cerianna's accessibility from 25% to at least 75% of the patient population by 2023. Financial details of the acquisition remain undisclosed.

RWE Renewables has partnered with GE Renewable Energy to repower the Panther Creek III wind farm in West Texas, enhancing the efficiency of 133 turbines. This project began production in 2009 and is expected to be complete by Q3 2021. The upgrades include the installation of longer blades and new gearboxes, which will increase the farm's annual output from its 215 MW capacity. Additionally, used turbine blades will be recycled, contributing to a sustainable circular economy.

GE Renewable Energy’s Grid Solutions (NYSE: GE) and Hitachi ABB Power Grids have announced a non-exclusive cross-licensing agreement to utilize a fluoronitrile-based gas mixture as an alternative to sulfur hexafluoride (SF₆). This eco-efficient solution notably reduces environmental impact and aims to standardize SF₆-free technology in high voltage equipment. The agreement highlights the growing commitment of both companies to aiding utilities in decreasing greenhouse gas emissions, with GE’s g³ gas showing over 99% lower global warming potential compared to SF₆.

General Electric (NYSE:GE) and GE Capital Funding have launched an Exchange Offer for $6.0 billion in Outstanding Notes with maturities from 2025 to 2032. This offer includes 3.450% Notes due 2025, 4.050% Notes due 2027, 4.400% Notes due 2030, and 4.550% Notes due 2032, all fully guaranteed by GE. The Exchange Offer aims to meet obligations under registration rights agreements, with no proceeds going to either GE or GECF. The offer expires on May 5, 2021, with settlement following shortly after. The details are available in a prospectus filed with the SEC.

GE Digital announced that Lineas Aereas Suramericanas (LAS) Cargo has contracted its Electronic Flight Operation Quality Assurance (eFOQA) solution to enhance safety compliance in Colombia. eFOQA enables airlines to automate data processes, improve safety performance, and reduce costs by analyzing flight data. The system also aids in minimizing carbon footprints through fuel analytics. GE Digital aims to support LAS Cargo in achieving safer and more efficient operations as part of a long-term partnership.

AerCap Holdings N.V. (NYSE: AER) reported significant transactions in Q1 2021, including lease agreements for 60 aircraft (28 widebody and 32 narrowbody). The company purchased 1 Embraer E2 and executed sales for 9 aircraft from its portfolio, comprising various models like Airbus and Boeing. AerCap issued $1 billion in 5-year senior unsecured notes at a 1.75% coupon and agreed to acquire GE Capital Aviation Services (GECAS) for $28.4 billion through multiple credit agreements.

GE Healthcare has launched the Venue Fit™, a compact and portable point-of-care ultrasound (POCUS) system, along with an innovative AI tool for cardiac imaging. Designed for efficiency in tight spaces, Venue Fit caters to increasing clinical demands, particularly during the ongoing COVID-19 pandemic, where there are over 127 million cases globally. Demand for its existing Venue Go system surged fivefold in 2020. New AI features, including RealTime EF and Lung Sweep, enhance diagnostic capabilities, aiming to improve workflow efficiency and patient outcomes.

GE Healthcare has launched the Vscan Air™, a wireless pocket-sized ultrasound device that offers high-quality imaging and whole-body scanning capabilities. This innovative tool is designed for ease of use, allowing clinicians to quickly perform examinations and triage patients, especially critical cases, directly at the bedside. The Vscan Air is noted for its intuitive user interface and portability, enabling clinicians to enhance patient care efficiently. With over 30,000 existing Vscan systems impacting more than 50 million patients globally, this launch reinforces GE Healthcare's commitment to advancing medical technology.

AerCap Holdings N.V. (NYSE: AER) has announced its definitive agreement to acquire 100% of GE Capital Aviation Services (GECAS) from General Electric (NYSE: GE). The transaction is valued at $24 billion in cash, plus $1 billion in AerCap notes, and will issue 111.5 million shares to GE, resulting in GE holding approximately 46% of the combined company. This acquisition will create a leading aviation leasing platform, enhancing cash flows and profitability. The transaction is expected to close in Q4 2021, pending regulatory and shareholder approvals.