FARNBOROUGH, England, July 22, 2024 /PRNewswire/ -- Following Japan Airlines' agreement with Boeing for up to 20 787-9 Dreamliner aircraft, GE Aerospace (NYSE: GE) today announced an order from the airline for GEnx-1B engines to power the new aircraft.   "GE Aerospace and Japan Airlines have a long and enduring relationship that stretches back decades, including being the launch customer for the GEnx engine," said Russell Stokes, President and CEO, Commercial Engines and Services, GE Aerospace. "We're honor ...

Agreement covers development and production of small affordable engines for possible use in unmanned aerial systems, collaborative combat aircraft, and similar applicationsFARNBOROUGH, England, July 22, 2024 /PRNewswire/ -- GE Aerospace (NYSE:GE) and Kratos Turbine Technologies, a division of Kratos Defense & Security Solutions, Inc., signed a Memorandum of Understanding to partner on the development and production of small affordable engines that could potentially power unmanned aerial systems (UAS), colla ...

With the agreement, announced today at Farnborough International Airshow, GE Aerospace and Oak Ridge will collaborate to develop new, state-of-the-art computational modeling and simulation capabilities. Oak Ridge's expertise will help GE Aerospace better manage large simulations, more efficiently extract information, incorporate cutting-edge Artificial Intelligence (AI) tools to improve understanding of results, and streamline the process to visualize the physics. "Supercomputing and access to Frontier is c ...

GE Aerospace (GE) is scheduled to report second-quarter 2024 results on Jul 23, before market open.The Zacks Consensus Estimate for its second-quarter earnings has increased 2.1% in the past 60 days. The company has an impressive earnings surprise history, having outperformed the consensus estimate in each of the preceding four quarters, the average surprise being 32.8%.Let’s see how things might have shaped up for GE Aerospace this earnings season.Factors to NoteGE Aerospace is expected to have benefited f ...

The aerospace company has a bright future due to its dominant position in airplane engines.The stock started 2024 as General Electric but is now GE Aerospace (GE 1.17%). The change of name reflects the spin-off of GE Vernova in early April. No matter which way you look at it, GE stock was up 24.6% in the first half, according to data provided by S&P Global Market Intelligence.Why GE stock outperformedThe exceptional performance is due to two factors. First, the successful spin-off of GE Vernova helped dispe ...

dmf87/iStock via Getty Images Introduction I would be lying if I said I didn't like catchy titles. However, as much as I like catchy titles, I believe backing them up with good information and solid, no-nonsense investment picks is even more important. After all, investing is a very serious business with very little room for error. When I say there's little room for error, I mean it's very important to use the power of compounding interest to our advantage, something Warren Buffett called the "eighth wo ...

GE Aerospace's stock price rose 58% in the first six months of the year. Can it keep going higher?GE Aerospace (GE -1.80%), formerly a part of General Electric, had a blistering hot start to the first half of 2024. The stock price rose 58% in the first six months of 2024, crushing what were solid gains by the S&P 500 (up 15%) and Nasdaq Composite index (up 19%) over the same period.Investors are apparently optimistic about this aerospace industry leader, judging by its stellar first-half share price perform ...

"This delivery represents the beginning of a new era and a pivotal moment in our ongoing work with the U.S. Army," said Amy Gowder, president and CEO, Defense & Systems at GE Aerospace. "The T901 engine will ensure warfighters will have the performance, power, and reliability necessary to maintain a significant advantage on the battlefield."Today's announcement comes on the heels of the first ever ground run of an aircraft powered by a T901 engine. In April, a T901 engine successfully powered Sikorsky's Fut ...

arogant/iStock via Getty Images Introduction A few years ago, when I was researching Lithium and EV markets I read accounts that electricity demand from EV penetration could be akin to what was seen in the 1960s & 1970s with the penetration of microwaves, hairdryers, and air-conditioning, etc. that drove demand 30%, or about an additional 2% per year, which is considerable and would require electric utilities to invest in capacity and grid resiliency. Then the summer heat waves began, and another layer of d ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...