GE Aerospace, Qatar and Boeing
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Shares of GE Aerospace GE rallied 2.75% to $229.38 Thursday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX rising 0.41% to 5,916.93 and the Dow Jones Industrial Average DJIA rising 0.65% to 42,322.75. This was the stock's seventh consecutive day of gains.
Shares of General Electric (NYSE:GE) were on track for their seventh straight session of gains, as the stock rose more than 2.5% to $229.50 on Thursday. The company gained more than 6% in the past six trading days.
The test campaign of HPT blades and nozzles demonstrated improved durability and fuel efficiency compared to conventional turbine technology.
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GE Aerospace CEO talks Qatar Airways deal: 'Largest widebody engine order in our company's history'GE Aerospace Chairman and CEO Larry Culp discusses the massive deal with Qatar Airways, their relationship with Boeing, how the company will navigate tariffs and more on 'Mornings with Maria.'
NASHVILLE—The U.S. Army’s plan to end the Improved Turbine Engine Program (ITEP) may not be final, as budget deliberations may extend development of the GE Aerospace T901.
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Qatar Airways committed to acquiring as many as 210 widebody jets in a deal projected to be worth $96 billion, supporting over 150,000 jobs.
Aviation company GE Aerospace says it is now assembling the first GE9X engines that will go into the upcoming Boeing 777X.
GE Aerospace has emerged from the former GE conglomerate as a formidable and focused turbine engine producer, powering about three of every four commercial airline flights. The jet engine business is split between designing and supplying new engines—including significant ongoing research and development to ensure that successive generations of engines outperform their predecessors—and servicing existing engines with replacement and refurbished parts throughout their very long service lives.