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 has officially filed the Form 10 registration statement for the spin-off of its healthcare division, GE HealthCare, marking a critical step in its transformation into three standalone companies. This move aims to enhance operational focus and capability in a rapidly growing $84 billion global medical technology market. GE anticipates the completion of this spin-off in the first week of 2023, retaining a 19.9% stake in GE HealthCare. The spin-off is expected to be tax-free for shareholders, allowing GE HealthCare to concentrate on precision health innovation and serve its customers more effectively.
GE Digital has been recognized as a Leader for the second consecutive year in the Verdantix Green Quadrant for APM Solutions 2022. The analysis highlighted the company's APM software as superior among competitors, achieving the highest scores in asset integrity management, reliability analysis, and maintenance optimization. A recent study showed a five-year ROI of over 290% for users of GE Digital's APM software in the Oil & Gas sector. This recognition underscores GE Digital's capabilities during the energy transition, serving over 40,000 global APM users.
Current has launched new NX Lighting Controls, offering scalable and contractor-friendly solutions for lighting management. These wireless controls facilitate easy installation and commissioning, accommodating both wired and wireless configurations. Key features include energy savings, code compliance, and improved occupant comfort. The NX mobile commissioning app allows for simple device setup, while larger systems can integrate with advanced programming via the NX software suite. This portfolio aims to enhance operational efficiency for contractors and building owners.
GE Healthcare has received US FDA 510(k) clearance for its AIR Recon DL technology, now extended to 3D and PROPELLER MRI imaging sequences. This enhancement improves image quality, reduces scan times, and elevates patient experiences across various MRI procedures. Already used in over 3.5 million scans globally, AIR Recon DL achieves better signal-to-noise ratios and shorter exam durations. It minimizes the necessity for repeat scans, particularly beneficial for patients vulnerable to motion. This upgrade is available for existing GE MRI systems, fostering cost-effective advancements in imaging capabilities.
Current, a leading manufacturer of advanced lighting, has launched a redesigned website, CurrentLighting.com, replacing the former Hubbell C&I Lighting site. This rebranding effort aims to enhance user experience with continuous improvements planned. The new site showcases Current’s HLI Brand portfolio, including notable brands and new additions like EXO and NX Lighting Controls. Users of the previous Hubbell site are encouraged to bookmark the new URL for innovative products and solutions.
Hyliion Holdings Corp (NYSE: HYLN) has completed the acquisition of the KARNO™ hydrogen and fuel-agnostic generator from GE Additive for $15 million in cash and approximately $22 million in stock. This generator will enhance Hyliion's Hypertruck powertrain platform, enabling a more versatile semi-truck solution. The acquisition includes integration of GE's engineering team into Hyliion’s operations, aiming to lower carbon emissions in the commercial trucking sector.
GE Digital has announced that China Airlines has integrated its Records Management System (RMS) into its Asset Records software to digitize and index maintenance records. This cloud-based solution aims to enhance documentation efficiency between the airline, lessors, and maintenance operations, aligning with Taiwan Civil Aviation Administration's regulations. The addition of RMS follows the successful implementation of the Asset Transfer System in 2021, which streamlines leased asset documentation. This move is expected to improve compliance, operational efficiency, and the overall passenger experience.
GE Digital has achieved AWS Industrial Software Competency status, highlighting its expertise in industrial software solutions. This recognition enables GE Digital to better support industrial firms in optimizing operations without requiring in-house data centers. The company is expanding its offerings on the AWS Marketplace, including the Proficy Historian for Cloud and upcoming Proficy Smart Factory MES and Operations Hub. GE Digital serves over 20,000 customers, aiming to drive efficiency, productivity, and sustainability in manufacturing and infrastructure.
GE Healthcare and Lantheus Holdings have announced that their Phase III clinical trial of the investigational radiotracer [18F]flurpiridaz has successfully met co-primary endpoints for detecting Coronary Artery Disease (CAD), exceeding 60% in both sensitivity and specificity. This trial demonstrated superior diagnostic efficacy compared to SPECT Myocardial Perfusion Imaging. With a half-life approximately 12 times longer than existing PET tracers, [18F]flurpiridaz could significantly improve patient access to PET MPI if approved.
GE has successfully completed testing on its second XA100 adaptive cycle engine in partnership with the U.S. Air Force at the Arnold Engineering Development Complex. This marks the final major milestone of the Air Force's Adaptive Engine Transition Program, initiated in 2016. The XA100 engine delivers significant improvements, including over 10% more thrust, 25% better fuel efficiency, and enhanced thermal management. GE is poised to transition to an Engineering and Manufacturing Development program, aiming to equip the F-35 with this advanced engine by the decade's end.