GE Aerospace Stock Price, News & Analysis

GE Healthcare has launched Serena Bright™, the first contrast-enhanced guided biopsy solution for breast cancer, in the U.S. This innovative technology received 510(k) clearance from the FDA in June and allows clinicians to perform biopsy exams using the same mammography equipment. The solution aims to reduce delays in diagnosis caused by the COVID-19 pandemic, potentially improving patient outcomes and providing answers more quickly than traditional MRI-guided biopsies. Jefferson Health was the first to implement this technology in late 2020.

GE Aviation has partnered with AirAsia Group to launch its Network Operations Insights (NOI) software, aimed at enhancing operational efficiency and reducing flight disruptions. This platform provides real-time data analytics to help airline managers make informed decisions during operational changes, improving recovery from disruptions and minimizing costs. Andrew Coleman from GE Aviation emphasizes the importance of operational efficiency post-COVID-19, while Javed Malik from AirAsia highlights the software's role in enhancing customer experience and reducing operational costs.

GE Aviation's Digital Group has been selected as an ecosystem partner by Uber Elevate for its aerial ridesharing program, focusing on developing a flight data monitoring program for electric VTOL vehicles. This collaboration aims to enhance safety and efficiency in air travel, leveraging GE's expertise in digital innovation. Uber plans to launch its Uber Air service in 2023 in Dallas and Los Angeles, prioritizing safety through a voluntary safety management system. GE's Flight Data Monitoring has significantly reduced aviation incident rates worldwide.

GE Digital has launched a three-day virtual User Conference focusing on digital transformation across various industries. The event features insights on renewable energy, emissions reduction, and productivity improvement. CEO Pat Byrne emphasizes the resilience of leaders during challenging times, dubbing them 'Industrial Superheroes.' GE Digital aims to address the urgent need for digital tools with 17 new products introduced this year. The conference will showcase several industry tracks, product demos, and expert Q&As to assist customers in navigating digital challenges.

GE announced U.S. FDA 510k clearance for its Vivid Ultra Edition cardiovascular ultrasound systems, enhancing efficiency and accuracy in echocardiography. The new AI features reduce exam time by 7 to 10 minutes, enabling faster, repeatable exams with 99% accuracy. Key technologies include AI Auto Measure for spectrum recognition and 2D imaging, achieving 100% reproducibility. This development supports GE's strategy to minimize variability in echo exams and improve productivity for healthcare providers.

GE Healthcare has launched the Voluson SWIFT, a pioneering ultrasound system aimed at enhancing women's health diagnostics. Featuring AI-driven auto-recognition, the device is designed to alleviate clinician burnout caused by bureaucratic tasks. Key benefits include a 73% optimization in scan workflows, 45% reduction in patient scanning time, and 38% faster SonoBiometry measurements. Supported by the Edison intelligence platform, the Voluson SWIFT promises to streamline operations in obstetrics and gynecology, meeting the heightened demands of healthcare during the COVID-19 pandemic.

GE Aviation has secured certification from the U.S. FAA for its GE9X engine, marking a significant step towards powering the Boeing 777X. This achievement follows rigorous testing of eight engines over nearly 5,000 hours. The GE9X promises unmatched fuel efficiency, offering 10% lower specific fuel consumption than the GE90-115B and reduced emissions compared to competitors. GE has already received orders for over 600 GE9X engines and continues its collaboration with Boeing for the 777X flight test program.

On June 26, 2020, the Ronald Reagan Presidential Foundation, in partnership with GE, celebrated the winners of the GE-Reagan Foundation Scholarship Program. Ten students, including recipients from prestigious universities such as Dartmouth and Harvard, will receive $10,000 annually for up to four years, totaling $400,000 in scholarships awarded this year. Since its inception, the program has distributed $7 million to 175 students. This initiative highlights leadership, drive, integrity, and citizenship among today's youth.

Agilyx Corporation announced the establishment of a new subsidiary, Cyclyx International, Inc., aimed at enhancing the recyclability of post-use plastics. This initiative will utilize Agilyx's extensive data and advanced technologies, in collaboration with General Electric, to develop new supply chains and increase plastic recycling rates. Cyclyx will form partnerships across various industries, leveraging AI and predictive modeling to improve recycling solutions. Agilyx's goal is to support a circular economy and address global plastic recovery challenges.