Wells Fargo raised its price target for GE Aerospace to $390, maintaining an Overweight rating after the company reported strong Q2 results. GE Aerospace posted adjusted earnings of $2.02 per share and revenue of $12.63 billion, both exceeding analyst expectations. The company also raised its full-year guidance, expecting high-teens revenue growth and free cash flow between $8.90 billion and $9.20 billion. Despite strong demand, CEO Larry Culp noted challenges remain in meeting production needs to sustain growth.
IndiGo, India's largest airline, has signed a Memorandum of Understanding with CFM International for over 1,000 LEAP-1A engines to power 510 Airbus A320neo Family aircraft, marking the largest single order for these engines. The deal also includes su...
GE Aerospace, in partnership with NASA, BETA Technologies, and Boeing, successfully conducted the world's first hybrid electric flight above 30,000 feet using a modified Saab 340B aircraft. This milestone demonstrates the viability of hybrid electric...
The GE Aerospace GEnx-1B engine, which powers the Boeing 787 Dreamliner, has surpassed 50 million flight hours in just over 14 years, marking the fastest milestone for any GE commercial widebody engine. It is used by over 50 operators worldwide and m...
Investor Leo Nelissen continues to hold GE Aerospace shares despite its high earnings multiple of 40x, citing the company's dominant market position and resilient business model. He prioritizes long-term winners with strong competitive advantages and...
GE Aerospace reported strong Q2 2026 results with revenue up 24%, earnings per share up 22%, and free cash flow up 43%. Despite some margin pressure from engine growth and new product ramp-up, the company’s large $170 billion services backlog and hig...
