Group 1 - GE Aerospace secured a deal with Ethiopian Airlines Group to supply GEnx engines for 11 new Boeing 787 aircraft, increasing the total GEnx-powered aircraft in the airline's fleet to 30 from 19 [1][2] - The GEnx engine family has completed over 62 million flight hours, with more than 3,600 engines currently in service and backlog, and is installed in two-thirds of all Boeing 787 aircraft in operation [2] - Ethiopian Airlines reaffirmed its commitment to equip eight Boeing 777-9 jets with GE9X engines, with an option for six additional aircraft [2][3] Group 2 - GE will provide maintenance, repair, and overhaul services for the GEnx and GE9X engines to Ethiopian Airlines, highlighting a long-standing collaboration that began in 2003 [3] - Recently, GE has secured multiple contracts, including one from Qatar Airways for GE9X and GEnx engines, and an Indefinite Delivery/Indefinite Quantity contract from the U.S. Air Force for F110-GE-129 engines [4] Group 3 - GE Aerospace is experiencing growth due to a rising installed base and higher utilization of engine platforms, supported by increasing U.S. and international defense budgets, geopolitical tensions, and robust demand for commercial air travel [5] - In the past six months, GE's shares have increased by 31.7%, outperforming the industry's growth of 11.1% [6]
GE Wins Deal From Ethiopian Airlines to Power New Widebody Aircraft