GE Aerospace Stock Price, News & Analysis

Boom Supersonic has introduced Symphony, a new propulsion system for its Overture supersonic airliner, collaborating with industry leaders like FTT, GE Additive, and StandardAero. Symphony aims to provide an economically and environmentally sustainable supersonic experience, achieving net zero carbon emissions and compliance with Chapter 14 noise levels. The new engine is projected to enhance operating efficiency, increasing time on wing by 25% and reducing maintenance costs by 10%. Overture is on schedule for type certification in 2029, with production starting in 2024.

GE Digital announced the installation of its APM Reliability software at ELPEDISON's combined cycle power plants in Greece. This initiative aims to enhance reliability and reduce unplanned downtime by predicting equipment issues. ELPEDISON is the first energy producer in Greece to implement digital twin technology across an entire plant. This partnership solidifies GE's strategic relationship with ELPEDISON during a significant energy supply crunch in Europe, ensuring reliable power access. GE Digital is recognized as a leader in APM solutions, facilitating efficiency and sustainability in energy production.

GE announced a significant milestone as GE HealthCare prepares for its spin-off, set to complete after market close on Jan. 3, 2023, with public trading starting on Jan. 4, 2023. The company aims to be a global leader in precision care, focusing on innovation, optimization, and organic investment to drive revenue and margin growth. During an Investor Day in New York, executives discussed strategic priorities, medium-term financial targets, and the agility of being a standalone entity, projecting mid-single-digit organic revenue growth and strong free cash flow generation.

GE Grid Solutions has partnered with LineVision to introduce an integrated suite of Grid Enhancing Technologies (GETs) aimed at optimizing transmission systems. This collaboration will deliver Dynamic System Ratings (DSR), increasing transmission capacity while ensuring grid reliability. The urgency for grid optimization is highlighted by the need to triple grid capacity in the U.S. by 2035 and the $100 billion congestion costs incurred this year due to insufficient capacity. This partnership aims to facilitate the integration of renewables, reducing the costs of electricity while aiding in the transition to a net-zero grid.

GE has successfully utilized digital X-ray technology for the first time in Latin America to conduct a non-intrusive inspection of Petrobras' gas-insulated substation at the Abreu e Lima Refinery in Brazil. This innovative approach reduces equipment downtime for preventive maintenance by up to 75%, significantly minimizing operational impacts. GE's Grid Solutions team employed comprehensive methodologies, including dynamic contact resistance measurement and vibration analysis, to ensure essential maintenance recommendations. This milestone in substation maintenance optimizes risk management and enhances asset evaluation.

GE (NYSE:GE) has accepted approximately $7.0 billion in securities as part of its Tender Offer, with an Early Payment Date set for December 2, 2022. The offer was oversubscribed, with about $9.3 billion in principal amount validly tendered by the Early Participation Date. Holders of accepted securities will receive accrued interest, with amounts varying based on the series. The company implemented a proration factor of approximately 46.42% for securities with lower priority levels. Significant managerial resources have been engaged to handle the offer.

General Electric (GE) announced the spin-off of its healthcare division, GE HealthCare, set for January 3, 2023. Shareholders will receive one share of GE HealthCare for every three shares of GE held as of December 16, 2022. GE HealthCare will begin trading on Nasdaq under the ticker GEHC on January 4, 2023. The distribution will be conducted in a tax-efficient manner for U.S. shareholders. GE will retain up to 19.9% of GE HealthCare's shares post-spin-off, marking a significant milestone in GE's strategy to create independent, investment-grade companies.

The Board of Directors of GE (NYSE: GE) has declared a $0.08 per share dividend for common stockholders. This dividend is set to be paid on January 25, 2023, to those on record by the close of business on December 15, 2022. The ex-dividend date is December 14, 2022. This marks a consistent return for shareholders, reflecting the company's ongoing commitment to reward its investors.