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 (NYSE: GE) drives innovation in aerospace propulsion through advanced jet engine technology and comprehensive lifecycle services. This news hub provides investors and industry professionals with essential updates on operational milestones, financial performance, and strategic developments shaping the future of flight.
Access timely press releases and analysis covering earnings reports, defense sector contracts, commercial aviation partnerships, and technological breakthroughs. Our curated collection highlights critical updates on engine certification programs, maintenance network expansions, and sustainability initiatives within the aerospace sector.
Discover updates on GE Aerospace's industry-leading CFM International joint venture, additive manufacturing advancements, and digital simulation capabilities that enhance engine efficiency. Track developments in military propulsion systems and commercial aviation solutions powering global fleets.
Bookmark this page for structured access to verified information about GE's aerospace operations, designed to support data-driven decision-making for stakeholders. Regularly updated content ensures you stay informed about this industrial leader's role in advancing modern aviation technologies.
GE Aerospace has secured an order from American Airlines for 180 CF34-8E engines plus spares to power 90 new Embraer 175 regional jets. This deal reinforces the long-standing partnership between the two companies and highlights GE's success in providing industry-leading products and services. The CF34 engine line has a strong presence in the market, with over 7,500 engines in service across more than 900 operators globally.
The CF34-8E model has accumulated over 40 million flight hours and 29 million cycles since its introduction in 2004. The entire CF34 engine line boasts an impressive dispatch reliability rate of 99.97%. Additionally, all CF34 engines can operate on approved SAF fuel blends, aligning with sustainability efforts in the aviation industry.
GE Aerospace has secured a significant order from International Airlines Group (IAG) for GEnx engines to power six new 787 Dreamliners for British Airways. This marks the first introduction of the GEnx engine into British Airways' fleet. The GEnx-1B engine, which powers two-thirds of 787 aircraft in service, offers a 1.4% fuel burn savings compared to competitors and can operate on approved Sustainable Aviation Fuel (SAF) blends.
The GEnx engine family has accumulated over 56 million flight hours since 2011 and is GE Aerospace's fastest-selling high-thrust engine, with nearly 3,000 engines in service and on backlog. This order reinforces the strong relationship between GE Aerospace and British Airways, which already operates aircraft powered by GE90, CF34, and LEAP engines.
GE Aerospace has secured an order from Japan Airlines for GEnx-1B engines to power up to 20 new Boeing 787-9 Dreamliner aircraft. This deal strengthens the long-standing relationship between the two companies, with Japan Airlines being the launch customer for the GEnx engine. The GEnx engine family has achieved over 56 million flight hours since 2011 and is GE Aerospace's fastest-selling high-thrust engine, with nearly 3,000 engines in service and on backlog.
The GEnx-1B powers two out of every three 787 aircraft in service and can operate on approved Sustainable Aviation Fuel (SAF) blends. Japan Airlines and its subsidiary currently operate a fleet of 53 Boeing 787s powered by GEnx engines, reaching 3 million engine flight hours in early 2024.
GE Aerospace (NYSE: GE) and the U.S. Department of Energy's Oak Ridge National Laboratory have signed a new Cooperative Research & Development Agreement (CRADA) to expand supercomputing capabilities for designing next-generation aircraft engine technologies, particularly the Open Fan architecture. This collaboration leverages Oak Ridge's Frontier supercomputer, the world's fastest, to enhance GE Aerospace's computational modeling and simulation capabilities.
The partnership aims to accelerate engine design and testing, focusing on the CFM RISE program, which targets a 20% reduction in fuel consumption and CO2 emissions compared to current engines. GE Aerospace has already conducted simulations on Frontier, analyzing aerodynamic and acoustic performance of full-scale Open Fan designs. This advanced computing power enables engineers to evaluate new technologies at flight scale during the design phase, potentially revolutionizing the future of flight.
GE Aerospace (NYSE:GE) has announced a $1 billion investment over five years to expand and upgrade its global Maintenance, Repair and Overhaul (MRO) facilities. This investment aims to increase capacity and improve turnaround times for customers' fleets. The funding will support the growing demand for CFM LEAP engines, with over 3,300 LEAP-powered aircraft in service and 10,000+ engines in backlog.
Key aspects of the investment include:
- Adding engine test cells and equipment
- Implementing cutting-edge technology for enhanced inspections
- Expanding component repair capabilities
- Construction of a new Services Technology Acceleration Center (STAC) near Cincinnati, Ohio
- $250 million allocated in 2024 for global regional repair and overhaul facilities
The investment supports GE Aerospace's commitment to safety, quality, and delivery for customers and the flying public.
TRIUMPH Group, Inc. (NYSE:TGI) has secured a contract from GE Aerospace to provide the Auxiliary Gearbox for the F404 afterburning turbofan engine. This component has potential future applications in multiple platforms, including the T7-A, T-50, and TAI Hurjet. The work will be carried out at TRIUMPH's facility in Macomb, Michigan.
TRIUMPH, a long-standing partner of GE Aerospace, specializes in designing and manufacturing complex aerospace gearing components and integrated gearboxes for various aircraft applications. This sole-source award strengthens their partnership and supports GE Aerospace's engine applications for both legacy fleets and new aircraft.
GE Aerospace (NYSE: GE) announced the acceptance of two T901-GE-900 engines by the U.S. Army for integration and testing with UH-60 Black Hawk helicopters. The event marks a pivotal moment in GE's collaboration with the Army, aiming to provide enhanced performance, power, and reliability for military missions.
These engines, designed to deliver greater range, more power, and reduced maintenance costs, were unboxed at Sikorsky's facility in West Palm Beach, Florida. The T901 engine has successfully powered Sikorsky's Future Attack Reconnaissance Aircraft (FARA) prototype, Raider X, and is built on GE's extensive experience with the T700 engine.
Utilizing advanced technologies such as 3D-printing and ceramic matrix composites, the T901 offers significant improvements while maintaining a modular design for easy integration and reduced life-cycle costs. The engine addresses the Army's needs for increased power and fuel efficiency.
GE Aerospace's Board of Directors has declared a quarterly dividend of $0.28 per share on its outstanding common stock. The dividend will be payable on July 25, 2024, to shareholders who are on record as of July 11, 2024. The ex-dividend date for this announcement is also July 11, 2024. This decision reflects the company's commitment to returning value to its shareholders.
Dolby Laboratories (NYSE: DLB) announced an agreement to acquire GE Licensing from GE Aerospace for $429 million in cash. The acquisition, which includes over 5,000 patents in video codec technology, aims to strengthen Dolby’s licensing business and foster future growth. GE Aerospace will retain its aerospace and defense IP portfolio. The transaction is expected to close by the end of fiscal 2024, subject to regulatory approval, and is anticipated to be accretive to Dolby’s operating margins and EPS in fiscal 2025. This deal will not impact Dolby's dividend or stock repurchase practices.
