General Electric (GE) announced it will acquire Consolidated Precision Products (CPP) for $11.75 billion to enhance its aerospace casting production. This strategic move aims to strengthen GE's manufacturing capabilities and accelerate engine technology development. The acquisition is expected to increase GE's adjusted earnings per share and free cash flow in its first year, supporting growth across commercial, aftermarket, and defense sectors. Jefferies reaffirmed a 'Buy' rating on GE, reflecting confidence in the company's growth prospects following this deal.
GE Aerospace reported strong Q3 results with adjusted EPS up 36% and revenue rising 18%, beating estimates for the eighth consecutive quarter. The company raised its 2026 EPS and free cash flow guidance, supported by a $170 billion backlog and growin...
United Airlines CEO Scott Kirby supports a national wealth tax and near 100% inheritance tax to address wealth inequality, stating he would pay such taxes. General Motors faces stock pressure after a Q3 earnings beat was overshadowed by disappointing...
GE Aerospace reported better-than-expected Q3 earnings and raised its full-year outlook, but its stock fell 4% due to rising costs related to engine installations, spare parts, and durability reserves. Despite strong demand and a $170 billion commerc...
GE Aerospace is set to report its Q3 earnings with analysts forecasting a 21.7% rise in earnings per share to $2.02 and nearly 12% revenue growth to about $12.7 billion. Despite consistently beating estimates, the stock has fallen after past reports ...
GE Aerospace continues to report growing earnings, signaling strong current performance. However, investors remain cautious due to concerns about a potential slowdown in the aftermarket segment starting in 2027. This cautious sentiment is causing aer...
