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GE Aerospace - GE STOCK NEWS

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, a segment of General Electric Company (NYSE: GE), is a global leader in the design, manufacture, and service of aircraft engines. Founded in 1892 and headquartered in Boston, GE has a rich history tied to American inventor Thomas Edison. While GE operates in multiple industries including power, renewable energy, digital industry, and additive manufacturing, GE Aerospace remains its core business.

With nearly 70,000 commercial and military engines installed worldwide, GE Aerospace generates significant revenue from the recurring service and maintenance of these engines. The company's partnership with Safran in their CFM joint venture further solidifies its leadership in aerospace propulsion.

Recent achievements for GE Aerospace include significant deals and technological advancements. Notably, GE Aerospace retained its portfolio of intellectual property related to aerospace and defense technologies after a definitive agreement with Dolby Laboratories to acquire GE Licensing. This acquisition, valued at $429 million and expected to close by the end of fiscal year 2024, highlights GE Aerospace's focus on its core aerospace and defense markets.

In another major development, GE Vernova's Onshore Wind business, a part of GE's power and renewable energy segment, announced a landmark deal with Pattern Energy. This deal involves the supply of 674 wind turbines for the SunZia Wind project, set to be the largest wind project in the Western Hemisphere. This project is a testament to GE's commitment to renewable energy and showcases its ability to deliver large-scale, high-efficiency projects.

Moreover, GE Aerospace continues to innovate with products like the 3.6-154 wind turbine, which incorporates advanced AI-trained blade manufacturing processes. This turbine is built to meet U.S. market needs and is part of GE's strategy to drive quality and reliability across its fleet.

Financially, GE Aerospace is robust, leveraging its longstanding expertise and extensive global network to maintain a strong market position. The company's continuous investments in technology, such as the new manufacturing assembly line for its Onshore Wind business in Schenectady, New York, reflect its commitment to enhancing American manufacturing and supporting climate change goals.

GE Aerospace's mission to define the future of flight and bring innovative solutions to the aerospace and defense sectors is backed by its substantial workforce of 52,000 employees globally. The company's operations aim to provide affordable, reliable, sustainable, and secure energy solutions, reinforcing its leadership in the industry.

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GE declares $0.08 per share dividend payable on October 25, 2023.
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GE Aerospace selected by Bell Textron Inc. for work on the development of a Common Open Architecture Digital Backbone (COADB), Voice and Data Recorder, and the Health Awareness System (HAS) for the Bell V-280 Valor.
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Study finds agreement on the need for companies to clearly articulate their approach to leadership, but a disconnect between C-suite and entry-level employees on how successfully companies are delivering.
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GE Vernova appoints Ken Parks as CFO and Vic Abate as CEO of Wind segment
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GE Vernova's Digital business has acquired Greenbird Integration Technology AS, a data integration platform company focused on utilities. The acquisition will expand the capabilities of GridOS®, allowing grid operators to easily connect systems and integrate data at scale. This will enable AI-driven grid automation and help utilities meet decarbonization targets. The financial terms of the acquisition were not disclosed.
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FAQ

What is the current stock price of GE Aerospace (GE)?

The current stock price of GE Aerospace (GE) is $168.37 as of December 20, 2024.

What is the market cap of GE Aerospace (GE)?

The market cap of GE Aerospace (GE) is approximately 178.4B.

What does GE Aerospace specialize in?

GE Aerospace specializes in the design, manufacture, and service of commercial and military aircraft engines.

Who are GE Aerospace's key partners?

GE Aerospace's key partner is Safran, with whom they have the CFM joint venture for aircraft engines.

What recent deals has GE Aerospace been involved in?

GE Aerospace recently agreed to a $429 million deal for Dolby Laboratories to acquire GE Licensing and secured a landmark wind turbine deal with Pattern Energy for the SunZia Wind project.

How does GE Aerospace generate revenue?

GE Aerospace generates most of its profits from the recurring service and maintenance of its installed base of nearly 70,000 commercial and military engines.

Where is GE Aerospace headquartered?

GE Aerospace is headquartered in Boston, Massachusetts, USA.

What are some of GE Aerospace's recent technological advancements?

Recent advancements include the 3.6-154 wind turbine, which features AI-trained blade manufacturing processes for improved quality and reliability.

How many employees does GE Aerospace have?

GE Aerospace has a global workforce of approximately 52,000 employees.

What is the significance of the SunZia Wind project for GE?

The SunZia Wind project is the largest wind project in the Western Hemisphere, reinforcing GE's role in delivering renewable energy and supporting the U.S. energy transition.

What is the financial outlook for GE Aerospace?

GE Aerospace is financially robust, with continuous investments in advanced technology and manufacturing to maintain its market position.

What is GE Vernova?

GE Vernova is a planned global energy company focused on power, wind, and electrification businesses, supported by advanced research, consulting, and financial services.

GE Aerospace

NYSE:GE

GE Rankings

GE Stock Data

178.37B
1.08B
0.16%
78.99%
1.12%
Aerospace & Defense
Electronic & Other Electrical Equipment (no Computer Equip)
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United States of America
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