General Electric Company, doing business as GE Aerospace, designs and produces commercial and defense aircraft engines, integrated engine components, electric power, and aircraft systems. It operates through two segments: Commercial Engines & Services, and Defense & Propulsion Technologies. The Commercial Engines & Services segment designs, develops, and manufactures jet engines, provides maintenance, repair, and overhaul (MRO) services, and sells spare parts for commercial airframes, business aviation, and aeroderivative applications. The Defense & Propulsion Technologies segment designs, develops, manufactures, and services jet engines, avionics, and power systems for governments, militaries, and commercial airframers, and also provides MRO services and sells spare parts. It offers aircraft components and systems, including small turboprop engines, aeroengine mechanical transmissions, turbines, combustors and controls, additive manufacturing, propeller systems, ignition systems, sensors, and engine accessories for fixed-wing and rotorcraft applications under the Avio Aero, Unison, Dowty Propellers, and Colibrium Additive brands. The company operates in the United States, Europe, Asia, the Americas, the Middle East, and Africa. General Electric Company was incorporated in 1892 and is based in Evendale, Ohio.
Honeywell CEO Calls GE's $11.75 Billion CPP Deal Positive for Aerospace
Honeywell Aerospace CEO Jim Currier called GE Aerospace's planned $11.75 billion acquisition of Consolidated Precision Products positive for the industry overall, while noting Honeywell does not directly compete with CPP because the parts it sources differ from GE's. CPP supplies roughly a quarter of GE's casting requirements, and GE expects the business to generate about $2 billion of revenue in 2027. Currier said Honeywell could bring additional outsourced capabilities back in-house through smaller, complementary acquisitions, after the company cut its 2026 organic sales-growth outlook to 4%-5% from 7%-9% and quadrupled spending on multi-sourcing and in-sourcing initiatives this year. Honeywell deployed skilled workers into supplier factories, which Currier said helped increase production 30% year over year during the preceding 30-45 days. In the second quarter, sales rose 5% to $4.52 billion, but adjusted EPS fell 32% to $1.87, with supply constraints and an unfavorable mix weighing on profitability.
Boeing CEO Says No 200-Plane China Order, Flags 737 Wing Bottleneck
Boeing CEO Kelly Ortberg tempered expectations for a large China aircraft order, clarifying that the company did not receive a roughly 200-plane order earlier this year and that Chinese officials instead indicated plans to move forward with purchases that he expects to emerge incrementally and be announced by individual airlines. Speaking at Morgan Stanley's 14th Annual Laguna Conference, Ortberg said Boeing has reached a 737 production rate of 47 aircraft per month but has yet to stabilize at that level, with wing production in Renton remaining the primary constraint even as the broader supply chain, including engines, is in good shape. Boeing expects 737 MAX 10 certification very soon, with flight testing complete and only documentation and regulatory review remaining; the MAX 10 represents roughly 30% of Boeing's 737 backlog. The 777X faces another hurdle, as Boeing awaits completion of GE Aerospace's engine mid-seal certification plan before it can begin ETOPS testing, with some testing possibly spilling into next year, though the company continues to target 2027 deliveries. Engine deliveries are also slowing Boeing's effort to raise 787 production from eight to 10 aircraft per month, with the required engine delivery performance now expected closer to year-end, and a potential SPEEA strike could effectively halt the 777X certification program and disrupt 737 production before the current contract expires Oct. 6. CFO Jay Malave reaffirmed Boeing's 2026 free cash flow forecast of $1 billion to $3 billion, with about $2 billion as the framework, but said slower-than-expected 737 and 787 production ramps through year-end make results above the midpoint less likely than previously expected.
GE Aerospace Says GE9X Durability Fix Won't Delay Boeing 777X
GE Aerospace said a durability issue found in the GE9X engine is not expected to affect the planned entry into service of Boeing's 777X aircraft next year, according to comments made Thursday at a Morgan Stanley conference. The problem centers on the engine's mid-seal, a component linking the front and rear sections of the GE9X, where testing showed the original design did not meet durability expectations. Engines fitted with a redesigned seal began shipping to Boeing during the third quarter, and Federal Aviation Administration certification is anticipated within the next few months. GE Aerospace first disclosed the potential problem in February and later said it had identified the root cause and completed a corrective design without changing the overall timeline for the GE9X program. Separately, the company said its recently agreed $11.75 billion acquisition of Consolidated Precision Products is intended to strengthen supplies of precision-cast engine components and should not be viewed as a broader shift toward vertical integration across its aerospace operations.
GE Aerospace to Buy Consolidated Precision Products for $11.75 Billion
GE Aerospace agreed to acquire castings maker Consolidated Precision Products for $11.75 billion, its largest acquisition since becoming a standalone company in 2024, in a move to secure supply of the precision metal turbine-blade components that have been a persistent bottleneck across the jet engine industry. CPP is the world's third-largest maker of these parts and supplies about one-quarter of GE's casting needs, and CEO Larry Culp called the capacity "mission-critical" as the company works through a backlog stretching into the next decade. GE's backlog exceeded $210 billion after its second-quarter results, including roughly $170 billion in commercial services and more than $30 billion in defense, and the company expects the deal to generate about $200 million in net synergies and achieve double-digit return on invested capital by the fifth year. GE will fund $7 billion of the acquisition with cash and finance the remainder with new debt, and it expects to complete the acquisition in the second half of 2027, leaving time for antitrust review; CPP supplies GE's rivals alongside GE, which could raise concerns about access to critical casting capacity. GE expects demand for airfoils to increase more than 30% by 2030 from 2026 levels, and it expects CPP to make roughly $2 billion in revenue in 2027.
GE Aerospace to Buy Consolidated Precision Products for $11.75 Billion
GE Aerospace has agreed to acquire Consolidated Precision Products, a producer of cast components for jet engines and other high-stress applications, for $11.75 billion. The deal will be funded with $7 billion in cash and the balance through new debt, and is expected to close in the second half of 2027 pending regulatory approval. Honeywell Aerospace's chief executive said the planned castings acquisition could be positive for the broader aerospace supply chain, a rare vote of confidence from a rival, according to Reuters. GE shares climbed approximately 3.1% to $316.59, up from an earlier $312.42 reading, and now trade 16.74% above the $271.20 GF Value. GE generated $3 billion of free cash flow in the second quarter, putting the acquisition value at roughly 3.9 times that single quarter's cash generation, though investors still have to weigh integration risk, additional leverage and the premium already embedded in the stock.
GE Aerospace Lifts 2026 Free Cash Flow Forecast to $8.9-$9.2 Billion
GE Aerospace raised its 2026 free cash flow forecast to $8.9-$9.2 billion, up from an earlier projection of $8.0-$8.4 billion, as the jet engine maker continued heavy capital returns to shareholders. In the first half of 2026, the company repurchased $4.2 billion worth of shares and distributed $873 million in dividends, a 26.9% increase from the prior-year period, with buybacks carried out under a new $20 billion authorization approved in December 2025. In February 2026, GE Aerospace increased its quarterly dividend by 30.6% to 36 cents per share, after returning $1.45 billion in dividend payments and $7.55 billion in share repurchases in 2025. The company has previously outlined plans to raise total shareholder returns by 20% to roughly $24 billion over the 2024-2026 period through dividends and buybacks, and exited the second quarter of 2026 with $9.3 billion in cash, cash equivalents and restricted cash against $2 billion in short-term borrowings. Among peers, RTX Corporation paid $1.9 billion in dividends in the first six months of 2026 and in April 2026 raised its quarterly dividend by 7.4% to 73 cents per share, while Textron Inc. paid $4 million in dividends and repurchased $209 million of shares in the second quarter of 2026.
Boeing Nears Deal to Sell 150 737 Max Jets to Turkish Airlines
Boeing is nearing an agreement to sell 150 737 Max jets to Turkish Airlines, part of a broader 225-aircraft Boeing order announced after Turkish President Tayyip Erdogan met U.S. President Donald Trump last year, Reuters reported Tuesday, citing people familiar with the negotiations. The Max portion of that larger agreement could be finalized as soon as next week. The order had been delayed by a dispute over engine maintenance, with Turkish Airlines threatening to switch to Airbus amid disagreements with engine manufacturer CFM International over maintenance costs, spare-parts prices and long-term repair risks. CFM is jointly owned by GE Aerospace and Safran. The carrier also sought a leading role in CFM's maintenance network, which would give it faster access to repair technology for engines used on the 737 Max, though it remains unclear whether that request will be included in the final agreement. A completed order would preserve one of the major Boeing agreements announced by the White House last year, and Turkish media have reported that Trump and Erdogan may meet during United Nations gatherings in New York next week.
Berkshire's Precision Castparts, Buffett's $37B Mistake, Now an AI Power Play
Precision Castparts, the aerospace parts maker Berkshire Hathaway bought in 2016 for roughly $37.2 billion and later wrote down by about $11 billion, has quietly become a supplier to the AI power build-out, according to an analysis published by TheStreet. The business generated $2.4 billion of net cash from operating activities in 2025, against $1.7 billion in 2015, the last full year before Berkshire owned it, per Berkshire's annual report. Precision Castparts makes airfoil castings for both jet engines and industrial gas turbines, and castings remain one of the most stubborn chokepoints in engine production. Gas turbine backlog and slot reservations grew from 100 to 116 gigawatts in a single quarter, with at least 125 gigawatts expected under contract by year-end, according to GE Vernova, and data center customers account for about 20% of that contracted volume, according to POWER magazine. GE Aerospace just paid $11.75 billion for Consolidated Precision Products, a smaller castings maker, and using that multiple Precision Castparts could be worth around $100 billion, or nearly three times what Berkshire paid, according to Barron's.
BofA Warns Bombardier U.S. Sales Ban Would Hit Largest Market
A potential ban on Bombardier aircraft sales in the United States could hit the Canadian jet maker's largest market and disrupt an aerospace supply chain spanning thousands of U.S. companies, BofA analysts said. The issue follows President Donald Trump's statement that Bombardier should no longer sell aircraft in the U.S., where its jets are certified by the Federal Aviation Administration and most aerospace goods produced in Canada and Mexico are exempt from U.S. tariffs. The U.S. accounts for about 45% of the global business-jet market and is Bombardier's largest individual market, with the company delivering roughly 80 to 100 aircraft there annually out of total deliveries of around 155, while its 2026 guidance calls for more than 157 aircraft. A halt to U.S. sales could also affect American suppliers, as Bombardier's supply chain includes roughly 2,800 U.S. companies across 47 states and generates about $2.5 billion in annual U.S. purchases. GE Aerospace supplies engines for Bombardier's Global 7500 and 8000 aircraft, Honeywell powers the Challenger 300, 350 and 3500 family, and RTX's Collins Aerospace supplies avionics across the Global and Challenger ranges. Trade tensions could also affect U.S. defense contractors if Canada shifts future procurement toward European or Asian suppliers, with programs potentially exposed including Canada's planned purchase of 88 Lockheed Martin F-35A fighters, which carries an acquisition budget of about C$27.7 billion, of which only 16 are firmly ordered and Ottawa has considered Saab's Gripen as a possible partial alternative. Canada also has commitments involving Boeing's P-8A Poseidon and General Atomics' MQ-9B SkyGuardian drones, and while a complete cancellation of Canada's outstanding U.S. defense contracts is considered unrealistic, future purchases could gradually shift toward other suppliers if trade relations deteriorate.
GE Aerospace to Acquire Consolidated Precision Products for $12 Billion
GE Aerospace has agreed to acquire Consolidated Precision Products, one of the world's largest precision castings providers and a major GE supplier, for around $12 billion, its largest acquisition since becoming a standalone publicly traded company. The deal would give GE greater control over a critical part of its engine supply chain, where precision castings are a major pressure point, and could help it meet demand already sitting in its backlog of more than $210 billion, including over $170 billion in commercial services. About 70% of CPP's revenue comes from commercial and defense engines, and GE expects CPP to generate around $2 billion in revenue in 2027. GE values CPP at about 26 times expected 2027 EBITDA before net synergies, and will fund the purchase with a mix of cash on hand and debt, expecting it to be accretive to adjusted earnings and free cash flow in the first year excluding certain items. The investment case hinges on whether CPP can raise factory yields and production efficiency enough to justify the premium, since integration problems, additional capital requirements, and slower productivity gains could leave GE carrying more debt without sufficient cash flow.
GE Aerospace to Buy Consolidated Precision Products for $11.75 Billion
GE Aerospace said Tuesday it agreed to acquire Consolidated Precision Products for $11.75 billion, expanding its control over the supply of specialized castings used in commercial aircraft engines, military equipment and industrial gas turbines. The deal headlines a busy week of M&A across sectors. Copart agreed to acquire ACV Auctions for $10.50 a share in cash, an implied equity value of about $1.9 billion, while Analog Devices will acquire Alif Semiconductor in an all-cash transaction for $1.35 billion. Bending Spoons agreed to acquire collaborative-workspace company Miro at an enterprise value of $1.355 billion in an all-cash deal expected to close in the fourth quarter of 2026. Tamarack Valley Energy agreed to acquire Headwater Exploration in an all-stock deal valued at C$10B, about US$7.25B, creating the largest publicly traded oil producer focused on Alberta's Clearwater formation, and EverBank Financial agreed to acquire Pacific Northwest bank WaFd in a $3.9B reverse merger creating a regional bank with about $75B in assets. Meta Platforms purchased Swedish AI startup Stilla.ai, Apple acquired Sonera Magnetics in a deal disclosed by the European Commission, Grab Holdings is said to be in talks for a majority stake in Atome Financial, and ARC Group Acquisition I agreed to acquire Malaysian licensed financing company Firstborn Top Capital.
Aerospace parts M&A accelerates, 154 deals in January-August, closing in on record annual total
Mergers and acquisitions are accelerating across the aerospace supply chain, with 154 publicly announced commercial aerospace-related M&A deals in January-August of this year, closing in on the record annual total of 159 set in 2019. According to Janes Capital Partners, an investment bank specializing in the aerospace and defense sector, the 154 deals had a total value of 14 billion dollars, compared with 157 deals worth a total of 37.5 billion dollars in all of last year. Acquirers are actively snapping up suppliers with skilled workers, advanced manufacturing technology and production capacity. GE Aerospace announced this week that it will acquire castings maker Consolidated Precision Products for 12 billion dollars. In May, Parker Hannifin agreed to acquire the aerospace division of Circor, which makes actuation systems and landing gear systems, from private equity giant KKR for 2.6 billion dollars. Behind the trend is the fact that Boeing's and Airbus's production plans have become clearer, giving buyers confidence in long-term demand prospects. Boeing has stabilized production of its flagship 737 MAX, and Airbus aims to deliver 870 aircraft this year, which would surpass its record 863 deliveries in 2019.
GE Aerospace Defense Segment Revenue Rises 16% to $3.4 Billion
GE Aerospace's Defense & Propulsion Technologies segment grew revenue 16% year over year to $3.4 billion in the second quarter of 2026, with the Defense & Systems business up 11.7% to $2.2 billion and Propulsion & Additive Technologies up 23.4% to $1.2 billion. Recent contract wins include a Republic of Korea Navy deal for 12 LM2500+G4 marine gas turbine engines for its KDDX naval destroyer project, a Defense Innovation Unit contract for a hypersonic test bed under the HyCAT project, and a Turkish Aerospace Industries contract to continue integrating the F404 engine into Türkiye's Hurjet jet trainer. Segment orders rose 12% year over year in the quarter, operating profit grew 18% to $475 million, and the company exited the quarter with a total backlog of $210 billion. For 2026, GE expects Defense & Propulsion Technologies revenue to increase in the low-double-digit range. GE also recently agreed to acquire Consolidated Precision Products from Warburg Pincus and Berkshire Partners for about $11.75 billion, using $7 billion in cash and new debt for the remaining consideration.
GE Aerospace signs preliminary deal to explore Polish FA-50 engine maintenance hub
GE Aerospace signed a preliminary agreement with Poland's Military Aviation Works to explore establishing domestic maintenance and repair capabilities for the engines powering the Polish Air Force's fleet of KAI FA-50 fighter jets. The memorandum of understanding covers potential maintenance, repair and overhaul services, including depot-level maintenance, for the F404-GE-102 engine, with GE Aerospace and Military Aviation Works, known locally as WZL-2, assessing the equipment, facilities and other requirements needed to service the engines in Poland. The Polish Air Force ordered 48 FA-50 light combat aircraft in 2022, with the first 12 jets delivered in 2023 in the FA-50GF Gap Filler configuration and an additional 36 expected in the more advanced FA-50PL configuration; the proposed arrangement would cover the engines for all 48 aircraft, along with spare engines. GE Aerospace said establishing local support would improve aircraft readiness and availability for the Polish military, while WZL-2 described domestic maintenance capacity as a way to strengthen Poland's operational independence and reduce reliance on overseas service providers. GE Aerospace has delivered more than 4,000 F404 engines, which have accumulated over 13 million flight hours, with about 300 of the engines powering the T-50, TA-50 and FA-50 aircraft produced by Korea Aerospace Industries. The memorandum is exploratory, and GE Aerospace did not disclose potential revenue, investment requirements or a timetable for reaching a definitive agreement.
GE Aerospace's $12 Billion Acquisition to Boost Stock, Cramer Says
Jim Cramer said GE Aerospace's nearly $12 billion acquisition of Consolidated Precision Products, a specialty castings supplier, will send the stock up because it strengthens the company's defense business. The deal, reported by CNBC, involves buying the supplier from private equity firms Warburg and Berkshire Partners. GE's Defense & Propulsion Technologies segment grew revenue 16% to $3.443 billion in Q2 2026, and the company raised its full-year operating profit outlook for that segment to $1.6 billion to $1.7 billion. GE Aerospace closed at $334.91, up 21.94% over the past year but down 9.5% over the past month, offering a better entry point for new investors. The company's backlog exceeds $210 billion, with about $170 billion in commercial services, and the acquisition aims to address supply chain bottlenecks in jet engine castings.
Avianca Secures First-of-Its-Kind ABGF Financing for Engine MRO in Brazil
Avianca, part of Abra Group, has secured a first-of-its-kind financing agreement with the Brazilian Agency for the Management of Guarantee Funds and Guarantees (ABGF) to support maintenance, repair and overhaul (MRO) services for its CFM56 engines at GE Aerospace's Celma MRO shop in Brazil. The financing, arranged through Citibank and backed by ABGF's Export Credit Insurance, includes up to US$300 million and marks the first time a non-Brazilian airline has obtained such financing for aircraft engine maintenance services. The agreement reinforces Brazil's position as a regional hub for specialized aerospace services, with GE Aerospace's Celma facility serving as its main engine overhaul operation in Latin America, handling nearly 25% of the company's internal engine maintenance work worldwide. Executives from Avianca, ABGF, and GE Aerospace hailed the deal as a boost to fleet reliability, Brazilian high-technology exports, and regional aerospace value chains.
Trump Refuses to Allow Bombardier Jet Sales in the US
President Trump said on the 7th that he would not allow Canada's Bombardier to sell its private jets in the US unless the company produces them in the country. In a post on his social media platform Truth Social, he wrote, "We will no longer allow Bombardier to sell in the US! The quality of their products is not good enough!" He added, "If they want access to our market, they must manufacture here and stop treating America like a piggy bank." The remarks came as Canada was set to impose retaliatory tariffs on US goods on the 8th in response to US tariffs. The White House declined to comment on any measures to block sales of Bombardier aircraft that have received FAA type certification. Aerospace analyst Richard Aboulafia noted that most of the engines for Bombardier jets are made by US firms Honeywell Aerospace and GE Aerospace, making customer cancellations or sales bans unlikely. Bombardier employs 3,500 people in the US and has 2,800 suppliers, and produces wings for its flagship Global 8000 jet in Texas.
StandardAero celebrated the grand opening of its expanded facility in Winnipeg, Manitoba, which grows the site's footprint by 40 percent and enhances its engine maintenance, repair, and overhaul capacity. The new 70,000-square-foot expansion supports full MRO services for GE Aerospace CF34-3/8 and CFM International CFM56 turbofan engines, which power regional aircraft like the Embraer E170/E175 and the Boeing 737 NG. This investment reinforces the company's 115-year presence in Winnipeg, where it employs 1,500 workers across eight facilities. StandardAero has been a GE-Branded Service Agreement partner for the CF34 since 2001 and a CFM International General Support License Agreement holder for the CFM56 since 2009. The company says the expansion positions it to meet growing customer demand and deliver greater value and reliability.
GE Aerospace to Power South Korea's Next-Gen Destroyers
GE Aerospace has won an order to supply 12 LM2500+G4 marine gas turbine engines for South Korea's next-generation destroyer program, known as KDDX. The engines will power six planned destroyers, with each vessel using two engines as part of a full electric propulsion system. Financial terms were not disclosed. This contract extends GE's relationship with the Republic of Korea Navy, which has already procured 163 marine gas turbines for 95 ships. Local partners Hanwha Aerospace and NRTEC will handle manufacturing and assembly in South Korea. The KDDX vessels will be the Korean Navy's first with stealth-integrated radar and will carry anti-aircraft and land-attack missiles. GE's Defense & Propulsion Technologies generated $11.2 billion in revenue in 2025, compared with $38.1 billion for Commercial Engines & Services.
General Electric wins $2.9B Navy deal for F414 engine support
General Electric announced Tuesday it was awarded a not-to-exceed $2.875 billion U.S. Navy contract to provide logistics support for 17 F414 engine components used in F/A-18 E/F/G aircraft. The five-year performance-based logistics contract runs through August 2031, with no option periods. A total of $198.2 million in fiscal 2026 working capital funds will be committed at award, with $148.7 million obligated initially. Additional delivery orders will be funded with future Navy working capital funds as required. The contract was awarded by the Naval Supply Systems Command Weapon Systems Support.
Kratos and GE Aerospace Secure U.S. Air Force Contract for Missile Engine
Kratos Defense & Security Solutions and GE Aerospace announced that their jointly developed GEK800 engine received the U.S. Military Engine Type Designation F143-ZZ-100 and secured a U.S. Air Force Engineering, Manufacturing, and Development contract for the Joint Air-to-Surface Standoff Missile. The low-cost, high-performance turbofan is designed for cruise missiles and uncrewed aerial vehicles, marking a milestone in aligning defense primes with specialized tech disruptors. In Q2 2026, GE Aerospace reported $13.3 billion in GAAP revenue, up 21% year-over-year, and adjusted EPS of $2.02, up 22%, while Kratos reported revenue of $458.8 million, a 30.5% total increase and 19.1% organic growth, with adjusted EPS of $0.21. Kratos also raised its full-year organic revenue growth guidance to 18%–23%, backed by a $2.08 billion backlog, while GE raised its full-year guidance and generated $3.0 billion in quarterly free cash flow. Kratos faces execution pressures with negative free cash flow of $18.9 million in Q2, while GE's bear case includes supply chain bottlenecks and cyclical risks. Hedge fund data shows 45 funds holding Kratos and 113 holding GE in Q2, with Cathie Wood's Ark Investment Management increasing its Kratos stake by 34% to 4.67 million shares.
GE Wins Up to $319.5M J85 Engine Contract Modification
General Electric announced on Friday that it was awarded a maximum $319.5 million contract modification to exercise an option for J85 engine supplies. The option covers a two-year, four-month period, with work expected to be completed by December 31, 2028. The contract is funded through fiscal years 2026 to 2029 defense appropriations and defense working capital funds. The Defense Logistics Agency Weapons Support is the contracting activity.
GE Aerospace Leads LongRun Equity Strategy's Q2 Performance
Rothschild & Co Asset Management's LongRun Equity Strategy highlighted GE Aerospace as a leading contributor to its second-quarter 2026 performance, citing outstanding results across all business lines. The strategy returned 7.6% in EUR unhedged terms, while its benchmark gained 15.8%. GE Aerospace, which designs and produces commercial and defense aircraft engines, closed at $342.73 per share on August 27, 2026, with a market capitalization of $355.60 billion. The stock posted a one-month return of -4.82% but gained 24.54% over the past 52 weeks. The fund noted strong growth in Commercial Engines & Services and a book-to-bill ratio exceeding 2x in the Defense business. GE Aerospace ranked 26th on Insider Monkey's list of 40 most popular stocks among hedge funds, with 113 hedge fund portfolios holding the stock at the end of the second quarter, down from 119 in the previous quarter.
GE Aerospace Raises 2026 Profit Outlook Despite Margin Dip
GE Aerospace reported a second-quarter 2026 operating profit of $2.75 billion, up 18% year over year, but its operating margin fell 130 basis points to 21.7% due to growth investments and cost inflation. Costs of sales surged 26.7% to $8.7 billion, while R&D expenses rose 28.1% to $460 million. Despite these pressures, the company raised its full-year 2026 operating profit guidance to $10.55-$10.75 billion, up from a prior forecast of $9.85-$10.25 billion, implying 17% growth at the midpoint. Among peers, RTX Corporation's adjusted segment margin expanded 40 basis points to 12.4%, while Textron's net income margin slipped 10 basis points to 6.5%. GE shares have gained 10.5% in the past three months, and the Zacks Consensus Estimate for its earnings has risen for both 2026 and 2027.
GE Aerospace Boosts Shareholder Returns With Higher Dividend and Buybacks
GE Aerospace is stepping up shareholder returns, having repurchased $4.2 billion of stock and paid $873 million in dividends in the first half of 2026, with dividends up 26.9% year over year. The company raised its quarterly dividend by 30.6% to 36 cents per share in February 2026 and expects 2026 free cash flow of $8.9 billion to $9.2 billion, up from prior guidance of $8.0 billion to $8.4 billion. GE Aerospace plans to boost total shareholder returns by 20% to approximately $24 billion from 2024 to 2026 through dividends and buybacks, with repurchases now under a new $20 billion authorization approved in December 2025. The company ended the second quarter with $9.3 billion in cash, cash equivalents and restricted cash, well above $2 billion in short-term borrowings. Shares have gained 3% over the past six months, while the industry has declined 10%.
Kratos and GE Aerospace GEK800 Engine Wins U.S. Military Designation and EMD Contract
Kratos Defense & Security Solutions and GE Aerospace announced that their GEK800 engine has received the U.S. Military Engine Type Designation F143-ZZ-100 and been awarded an Engineering, Manufacturing and Development contract with the United States Air Force as a second-source propulsion system for the Joint Air-to-Surface Standoff Missile. The 800-pound thrust turbofan, now designated the F143, is designed to power long-range missiles and other uncrewed applications. The companies began working together in 2023 with support from the Air Force Research Laboratory, completing a Technology Maturation and Risk Reduction phase that included more than 50 engine starts in ground testing and successful altitude testing at Purdue University's Maurice J. Zucrow Laboratories in 2025. The designation and contract mark advancement of a program intended to provide small, low-cost, high-performance engines for cruise missiles, collaborative combat-type aircraft, and other uncrewed aerial vehicles.
Cl0p hackers claim to have breached data of nearly 50 major companies worldwide
The Cl0p hacker group claims to have stolen massive amounts of data from nearly 50 major companies worldwide, including Philips, Shell, Fiserv, and GE. Philips acknowledged that it was indeed targeted, but its team detected and contained the attempt to breach its corporate servers in time, and confirmed that the incident did not affect customer-facing systems. Shell said it is aware of a possible suspicious incident and is working with its security team and external experts to urgently investigate the facts. Fiserv said its latest detailed review has found no evidence that customer data, transaction data, banking data, or personal information was leaked, and all operational systems continue to function normally. GE disclosed that it is aware of the claims and immediately activated its cyber threat response plan, while urgently assessing the potential impact and damage. The Industrial Security Information Sharing and Analysis Center, or Ransom-ISAC, issued an alert as early as July 22 that the hacker group is targeting vulnerabilities in PTC Windchill and FlexPLM, which are critical software used in engineering and manufacturing processes at industrial facilities.
General Electric Fair Value Estimate Rises to $404.90 After Q2 Revisions
The Fair Value Estimate for General Electric has been raised from US$350.45 to about US$404.90 per share following Q2 results and updated guidance. Research firms including Deutsche Bank, UBS, Jefferies and Citi have raised price targets on GE Aerospace, citing stronger execution, healthy demand and backlogs. Bernstein and JPMorgan noted Q2 results and guidance beat expectations, while Wells Fargo and BofA flagged concerns that aftermarket growth may slow. The revised model assumes revenue growth of about 7.67%, net profit margin of roughly 18.57%, a future P/E multiple of about 42.3x, and a discount rate of 8.07%.
GE Aerospace Defense Unit Revenue Rises 16% in Second Quarter
GE Aerospace's Defense & Propulsion Technologies segment grew revenue 16% year over year in the second quarter of 2026, following 19% growth in the first quarter. The segment's operating profit rose 18% to $475 million, and orders increased 12% year over year. Growth was driven by propulsion and additive technologies, critical aircraft systems, and aftermarket services, supported by contracts from Turkish Aerospace Industries, Boeing Defence UK, and a multi-year partnership with Palantir Technologies. For 2026, GE expects the segment's revenue to increase in the low-double-digit range. GE Aerospace shares have gained 25.3% in the past three months, and the company carries a Zacks Rank #3 (Hold).
Global Gas Turbine Orders Hit Record High as Power Demand Surges
Global gas turbine orders reached a record high in the second quarter, driven by surging electricity demand from data centers and manufacturing onshoring, according to JP Morgan. New orders stood at 38 GW, a 29% increase from the first quarter and a 71% jump year-over-year. Among the three major manufacturers, Siemens Energy led with 12.5 GW in new orders, followed by General Electric with 11.3 GW and Mitsubishi Power with 5.3 GW. The United States accounted for half of these orders, and the surge has extended lead times for new combined-cycle gas power plants to five years in 2025 from three and a half years in 2023, with costs up 49%, per BloombergNEF. Wood Mackenzie earlier projected gas turbine prices could soar 195% by 2027 to $600 per kilowatt due to a supply squeeze, noting that global orders at end-2025 stood at 110 GW against manufacturing capacity of only 60 to 70 GW.
Starfighters Space CEO Details Hypersonic Testing and Small-Payload Launch Strategy
Starfighters Space CEO Tim Franta outlined the company's dual focus on hypersonic component testing and small-payload launch services in a recent Fighter Pilot Podcast interview. The company uses a fleet of seven F-104 aircraft as a 'wind tunnel in the sky' to provide sustained Mach 2 test conditions for hypersonic program components, offering longer test durations than ground wind tunnels. Its launch business aims to use the F-104 as an airborne first stage for the planned STARLAUNCH 1 suborbital rocket targeting 100 kilometers and a future STARLAUNCH 2 orbital system, targeting the small-satellite market. Franta emphasized a safety-first, high-cadence approach modeled on operators like SpaceX and Rocket Lab, while acknowledging regulatory and financing hurdles ahead. The interview also noted Starfighters' test support for GE Aerospace's ATLAS hypersonic igniter program.
GE Aerospace Commercial Engines Revenue Jumps 27% on Strong Aftermarket Demand
GE Aerospace's Commercial Engines & Services segment saw revenue surge 27% year over year to $9.73 billion in the second quarter of 2026, driven by robust aftermarket demand and higher equipment deliveries. Services revenue grew 26%, with internal shop visit revenues up 25% and spare parts revenues increasing more than 25%, while equipment revenue advanced 30% on a 26% rise in unit volume, including a 24% increase in LEAP deliveries. Total orders in the segment rose 18% to $12.93 billion, and the company recently secured major engine orders and service agreements with Jet2, Copa Airlines, Ryanair, United Airlines, and Delta Air Lines. For full-year 2026, GE expects adjusted revenues in the segment to grow about 20%. Shares of GE Aerospace have gained 23.4% over the past three months, outperforming the industry's 8.6% growth, though the stock trades at a forward price-to-earnings ratio of 44.20X, above the industry average of 34.03X.
Philippine Airlines GEnx-1B Engine Deal Adds to GE Aerospace Backlog
Philippine Airlines has agreed to equip 15 Boeing 787-10 Dreamliners, plus options for five more, with GEnx-1B engines from GE Aerospace, with deliveries expected between 2031 and 2034. The deal reinforces GE's widebody engine backlog and its role in fuel-efficient, lower-emission long-haul flying, though the distant delivery timeline means it does little to alter near-term catalysts around current production ramps or supply-chain risks. GE's second quarter 2026 results showed revenue of US$13,349 million and net income of US$2,370 million, keeping focus on how efficiently the company converts demand into profit. The company's narrative projects $59.2 billion in revenue and $10.8 billion in earnings by 2029, requiring 7.0% annual revenue growth and a $2.2 billion earnings increase from $8.6 billion today, while some analysts forecast revenue of about US$64.6 billion and earnings of US$12.3 billion by 2029.
Safran raises full-year outlook after strong first half fueled by jet engine services
Safran lifted its full-year financial guidance after reporting better-than-expected first-half results, driven by strong demand for commercial aircraft engine maintenance and spare parts. Recurring operating income climbed 29% to €3.24 billion, beating analyst expectations of €3.06 billion, while revenue rose 19% to €17.57 billion, also ahead of forecasts. The recurring operating margin reached a record 18.4%, and the company now expects recurring operating profit between €6.4 billion and €6.5 billion, up from prior guidance of €6.1 billion to €6.2 billion. Safran also raised its 2026 revenue growth forecast to the mid-teens percentage range and now sees LEAP engine deliveries increasing by a high-teens percentage this year. The improved outlook follows a similar move by GE Aerospace, which also raised its forecasts on strong aftermarket demand.
Aerospace Manufacturing Profits Outpace Airlines as Fortune Global 500 Aviation Landscape Shifts
The 2026 Fortune Global 500 list shows that aerospace manufacturers generally posted higher profits than airlines. GE Aerospace topped all aviation companies on the list with a net profit of 8.704 billion US dollars, earning over 3 billion dollars more than the world’s most profitable airline, Emirates Group. Airbus recorded a net profit of 5.889 billion dollars, up 28.7 percent year on year. Boeing returned to profitability with a net profit of 2.235 billion dollars, and its revenue surpassed that of Airbus. Honeywell posted a net profit of 4.729 billion dollars. Supply chain strains have led to a shortage of aircraft and components, driving up manufacturers’ profits, while airlines have been weighed down by delivery delays and rising costs. Emirates Group reported a net profit of 5.354 billion dollars. Delta Air Lines had the highest revenue among global carriers and ranked second in net profit. China’s three state-owned major airlines remained absent from the Global 500. Two of them were still loss-making in 2025, and their combined losses in the first half of 2026 are expected to approach 10 billion yuan. Xiamen C&D Group ranked 112th with revenue of 97.028 billion dollars, but it swung from profit to loss in 2025, posting a loss of 509 million dollars.
GE Aerospace Shares Fall Again After Q2 Beat as Margin Slip Triggers Valuation Reset
GE Aerospace shares fell nearly 5% in early trading on July 17 after the company reported second-quarter 2026 results that beat expectations but revealed a 160-basis-point decline in operating margins in its Commercial Engines & Services business. The stock, trading at around 38 times forward earnings, has now sold off after each of its last three earnings reports despite solid figures, as high valuations leave no room for operational friction. A 43% increase in free cash flow to $3.0 billion was overshadowed by margin compression, prompting what analysts describe as a valuation reset rather than a breakdown in fundamentals. UBS analyst Gavin Parsons raised the price target to $435 from $426 while maintaining a Buy rating, citing strong commercial demand and rising order backlogs. Insider Monkey data shows 119 prominent hedge funds held long positions in GE Aerospace in the first quarter of 2026, up from 117 in the prior quarter, with TCI Fund Management’s Chris Hohn holding a stake worth more than $13.5 billion.
GE Aerospace Wraps Farnborough Airshow with Record Engine Demand and Hybrid Electric Milestone
GE Aerospace concluded the 2026 Farnborough International Airshow with commitments for approximately 1,800 engines, including the largest LEAP agreement ever, a memorandum of understanding with IndiGo for more than 1,000 LEAP-1A engines to power 510 Airbus A320neo Family aircraft. The company also announced additional GEnx wins, with Philippine Airlines selecting GEnx-1B engines for 15 Boeing 787-10 aircraft and AerCap selecting the same engine for 15 additional Boeing 787 Dreamliners, as the GEnx-1B surpassed 50 million flight hours in just over 14 years, the fastest rate ever for a GE Aerospace commercial widebody engine model. Durability advancements included FAA and EASA certification of the LEAP-1B high-pressure turbine durability kit, designed to double time on wing in hot and harsh environments, and initial engine-level certification of the LEAP-1B reverse bleed system. In future flight achievements, GE Aerospace, in collaboration with NASA, BETA Technologies, and Boeing, completed the first hybrid electric flight above 30,000 feet, while CFM's RISE technology demonstration program has now completed approximately 500 test campaigns and more than 3,000 endurance cycles, with Airbus and CFM revealing the livery design for the A380 flight test demonstration aircraft expected to support Open Fan flight testing later this decade. Defense highlights included a memorandum of understanding with Magellan Aerospace to explore F414 sustainment capabilities in Canada for the Saab Gripen, successful integration testing of the Axisymmetric Vectoring Exhaust Nozzle on the F110 engine for Shield AI's X-BAT aircraft, and an agreement with Turkish Technic to expand OEM-authorized MRO support for Data Link Control and Display Units in Türkiye.
StandardAero selected by GE to support engines for UK military helicopter fleet
StandardAero has been selected by GE Aerospace to build, maintain and overhaul the CT7-2E1 engines that will power the United Kingdom's New Medium Helicopter fleet. The agreement covers 46 engines plus spares, replacement parts and long-term support for 23 Leonardo AW149 helicopters ordered under the UK Ministry of Defence's New Medium Helicopter program, with deliveries scheduled between 2030 and 2033. Work will be performed at StandardAero's Gosport facility in southern England, which will also handle engines for future export aircraft. The contract expands StandardAero's military engine maintenance business and its long-standing relationship with GE Aerospace, while strengthening its position in the UK defense market. Financial terms were not disclosed.
National Airlines Orders One GE90 and Six CF6 Engines from GE Aerospace
National Airlines has committed to purchase one GE90-110B and six CF6-80C2 engines from GE Aerospace to power its Boeing 777F and 747F cargo airplanes. The airline already owns thirty CF6 engines and eight GE90 engines, and this new order follows a recent purchase of eight GE90 engines. GE Aerospace says the additional engines will help National meet growing cargo demand and reflect continued confidence in these aircraft-engine combinations. National Airlines Chairman Chris Alf stated that the CF6 and GE90 engines strengthen operational capability and long-term resilience for the carrier's freighter fleet.
GE Aerospace raises full-year 2026 guidance after strong second quarter
GE Aerospace raised its full-year 2026 guidance across the board following second-quarter results that saw orders rise 17%, revenue increase 24%, and operating profit grow 18%. Chairman and CEO Larry Culp cited robust commercial services demand, with commercial services revenue up 32% in the first half and total engine deliveries up 31%, including a 41% increase in LEAP engines. The company now expects overall revenue to grow high teens, up from a prior outlook of low double digits, and raised its EPS guidance to a range of $7.65 to $7.85, up $0.35 at the midpoint. Free cash flow guidance was lifted to $8.9 billion to $9.2 billion, reflecting higher earnings and better working capital performance. CFO Rahul Ghai noted that the commercial services backlog stands at roughly $170 billion, providing ample visibility into demand for the remainder of the year.
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