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 reports news on its aircraft engine, services, and systems business, including commercial engine orders, long-term service support, maintenance, repair and overhaul investments, and digital tools used in production, supply chain, and military aircraft readiness. Coverage includes customer selections for GEnx and other GE Aerospace or CFM-powered fleets, dividend declarations, workforce-training initiatives, and governance matters involving defense-related products.
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.