GE Aerospace Stock Price, News & Analysis

GE Digital has partnered with FLAPZ, an aviation marketplace in Colombia, to enhance safety standards in business and general aviation across Latin America. This collaboration will leverage GE Digital’s Safety Insight for Business Jets, a C-FOQA solution, to improve safety procedures for operators in FLAPZ’s consortium. The initiative aims to promote both the accessibility of private flights and the implementation of international safety standards, aligning with the growing demand for safe and efficient private aviation in the region.

Oregon has launched the Oregon Capacity System (OCS), a statewide software solution developed by GE Healthcare, to manage hospital capacity in real-time. Funded by the U.S. Department of Health and Human Services, OCS aims to optimize hospital resources amid the COVID-19 crisis. The system has saved hospitals approximately $3 million and 45,000 hours of labor by automating capacity data reporting. It tracks over 7,368 beds and 800 ventilators across 60 hospitals, processing 4.2 million data points daily, enhancing decision-making and patient care.

GE Digital has partnered with FlightSafety International to enhance pilot training using real flight data. The collaboration aims to improve safety by utilizing C-FOQA insights, which process extensive flight metrics. This data-driven training method will help pilots prepare for potential risks before they arise. FlightSafety serves over 300 operators and provides advanced training across multiple countries. This partnership marks a significant step in proactive risk mitigation in corporate aviation, allowing tailored training for various safety scenarios.

GE Healthcare has received FDA approval to eliminate the contraindication regarding hypersensitivity to blood and blood products from the prescribing information of Optison (Perflutren Protein-Type A Microspheres Injectable Suspension). This ultrasound enhancing agent enhances the visualization of the left ventricle in echocardiograms, improving diagnostic capabilities for heart conditions. Over 3 million patients have used Optison since its approval in 1997, with no reported hypersensitivity cases related to blood products. This decision is expected to enhance workflow efficiency for clinicians.

GE announced it received notice of an unsolicited mini-tender offer from TRC Capital to purchase up to 1,000,000 shares at $99.00 per share. This price is 4.62% lower than GE's closing price of $103.80 on September 24, 2021. GE does not endorse this offer and advises shareholders against tendering their shares due to the below-market price. The offer hinges on various conditions, including TRC securing financing. The SEC warns that mini-tender offers may catch investors off guard, leading to sales below market value.

GE Digital has secured a $28.7M contract with the Bahrain Electricity & Water Authority (EWA) to implement an advanced software solution aimed at modernizing the Kingdom's electricity and water networks. This project includes GE's Grid Software, ensuring improved efficiency and resilience across operations. The end-to-end solution will enhance asset utilization and customer service for approximately 740,000 users, aligning with Bahrain's economic vision for sustainable development.

GE Healthcare has launched the Definium Tempo, a new digital X-ray system aimed at assisting radiologists and technologists. This system enhances operational efficiency by automating workflow tasks, significantly reducing physical workload while allowing technologists more time with patients. Key features include Auto Positioning, Intelligent Workflow Suite, and Helix Image Processing 2.1, aimed at improving image quality and reducing errors. The system addresses common challenges faced by radiology departments, including high ‘repeat and reject’ rates, while promoting patient care.

GE has announced its agreement to acquire BK Medical for $1.45 billion, enhancing its Ultrasound business valued at $3 billion. This acquisition aims to expand GE Healthcare's offerings into surgical and therapeutic interventions, particularly in advanced surgical visualization. BK Medical, known for its intraoperative imaging solutions, recorded double-digit revenue growth and will leverage GE's technology to enhance its Active Imaging platform. The deal is expected to close in 2022, subject to regulatory approval.

GE Healthcare has unveiled the Revolution Ascend, featuring the Effortless Workflow AI suite designed to enhance CT exam efficiency by reducing clicks by 66%. With a new 75 cm wide-gantry, it accommodates a wider range of patients and speeds up exams by 21%. The system employs a deep neural network for TrueFidelity CT Images to provide superior clarity at low doses. The AI solutions automate tasks with impressive accuracy, improving patient care delivery while increasing operational efficiency.