GE Aerospace Stock Price, News & Analysis

GE Aviation has been selected by Dassault Aviation to deliver the Primary and Secondary Electrical Power Distribution System for the new Falcon 10X aircraft. This next-gen system promises significant weight savings and enhanced flexibility for customer-specific configurations. GE will utilize its Electric Power Integration Center in Cheltenham, UK, for system testing and certification, aimed at minimizing development risks. The Falcon 10X is expected to enter service by the end of 2025, boasting a range of 7,500 nautical miles and a top speed of Mach 0.925.

GE Digital has launched the latest version of its Advanced Distribution Management Solution (ADMS), enhancing the management of electricity distribution grids. The updated software improves operational flexibility, outage response, and grid reliability through advanced algorithms and predictive analytics. Key features include improved Distribution Optimization, intuitive outage management, and real-time mobile operations, facilitating faster power restoration and effective communication between field crews and central operations. Notably, GE Digital's ADMS has been recognized as a leader in Navigant Research's ADMS Leaderboard.

Dell Technologies (NYSE: DELL) is partnering with GE (NYSE: GE) to enhance GE's IT infrastructure through the APEX as-a-Service model. This collaboration aims to streamline and scale IT operations across GE's 170 countries, driving automation and cost savings. The use of Dell's APEX Data Center Utility allows GE to adapt its resources to meet varying business demands, ensuring efficiency and predictability in expenses. The agreement supports GE's goal of simplifying its infrastructure while maintaining agility across diverse global operations.

GE Digital has announced that SAUDIA Airlines will implement its Aviation Software Asset Records solution. This contract enhances their partnership, focusing on operational efficiency and cost reduction. The cloud-based system enables airlines to manage maintenance records digitally, optimizing the transfer of assets between parties. SAUDIA expects benefits such as reduced management overhead and improved data accessibility. The solution also includes expert digitization services and integration with existing operational systems, facilitating a seamless transition to digital asset management.

GE Healthcare and SOPHiA GENETICS have signed a letter of intent to collaborate on enhancing cancer treatment by aligning therapies with patients' genomic profiles. This partnership aims to leverage GE's medical imaging and data aggregation with SOPHiA's AI-driven analytics. Their focus is on creating advanced solutions for clinical and biopharma markets, addressing the rising demand for data-driven medicine as cancer cases are projected to reach 29.5 million annually by 2040. The collaboration represents a significant step towards personalized cancer medicine.

On July 6, 2021, GE Healthcare and SOPHiA GENETICS announced a letter of intent to collaborate on enhancing cancer care. This partnership aims to integrate AI-powered analytics with the goal of personalizing cancer treatment based on patients' genomic profiles. Utilizing GE Healthcare's imaging capabilities and SOPHiA's cloud-based platform, the companies seek to eliminate data silos that hinder timely treatment. The growing demand for data-driven medicine underscores the importance of this initiative, particularly as cancer cases are projected to rise significantly by 2040.

GE Digital has joined the aviation Digital Alliance, initiated by Airbus and Delta TechOps in 2019, to enhance digital analytics within the aviation sector. This alliance aims to optimize cost savings and fleet efficiency for over 140 commercial operators using the Skywise Core platform. GE Digital will contribute its predictive analytics capabilities, improving cross-fleet diagnostics and maintenance decisions. This partnership is anticipated to foster stronger collaboration among maintenance control centers and engineering teams, revolutionizing airline operations and enhancing overall safety and efficiency.

The Board of Directors of GE has declared a dividend of $0.01 per share on its outstanding common stock. This dividend will be payable on July 26, 2021, to shareholders on record as of the close of business on June 28, 2021. The ex-dividend date is set for June 25, 2021. This move indicates the company's commitment to returning value to shareholders amidst ongoing operations.

GE Aviation and Safran have launched the CFM RISE program, targeting over 20% reduction in fuel consumption and CO₂ emissions for future engines. The initiative aims for engines to enter service by the mid-2030s, ensuring compatibility with alternative fuels like Sustainable Aviation Fuels and hydrogen. The companies have also renewed their CFM International partnership until 2050, reaffirming their commitment to sustainable aviation. The program will leverage advanced technologies, such as hybrid electric systems and composite materials, aiming to revolutionize engine efficiency.